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Echeck Casinos | Casino Echecks | Deposit Method 2009  | Current Echeck Casinos 2009 |  |
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The name eCheck stands for "electronic check" and is a relatively widely accepted method of payment for many online casino websites. Many sites prefer to avoid the use of credit cards and like to deal with payments made from and to checking accounts owned by both the gambler and the site. All transactions are handled by the online banking network called Automated Cleaning House and their association is the group that handles all verification, transaction and payment problems that could potentially arise.
This method of payment is often regarded as being one of the safest methods as no direct cash withdrawals can be made using eCheck methods and the payment must go through a series of verification checks before the transfer is authorized. In addition, many people like this system as funds are withdrawn directly from bank accounts and any disputes can be handled by simply verifying payment information on your bank statement.
Not honoring eChecks can result in harsh penalties. Most websites recognize that mistakes can happen and will work with you to correct the problem if your bank account does not have the necessary funds to match a submitted eCheck. If you do not work to resolve the disputed eCheck, you may be charged additional fees, submitted to an online database that forbids access to almost every online gambling site and/or suffer legal action. It is best to check your bank account before submitting an eCheck to avoid any issues.
Pros
Low Fees: eCheck fees are very low when compared to other payment methods. In general, a flat fee of $3 is assessed for all payments of $10,000 or less. If a payment is made that amounts to more than $10,000, the fee only increases to $15.
Security: eChecks are some of the most secure payment methods available. Each transaction is subject to multiple verification and accuracy checks before being completed. If a mistake is made, the mistake is clearly evident on your bank account statement.
Efficient: Most transactions are completed within 15 minutes of submittal. However, first time users must go through a verification process that increases the transaction time slightly when first using this method.
Cons
Currency Limits: For the most part, eChecks are only available on most online casino websites in the form of U.S. Dollars. This can make currency conversion aggravating for the user.
Business Account: You may not be eligible to open a checking account for businesses. For some large transactions, business checking accounts are required.
Returned Checks: If there is a mistake, returned checks can sometimes have problems with bank and processing institution coordination. This means that returned checks can often take a long time to be reflected on bank accounts.
Deposit Limits
When you make your first transaction using an eCheck, there is usually an initial or continuous deposit limit. In general, these limits will increase after your first transaction or as you lengthen your membership with the online gambling website. Most sites range from $2,000-$3,000 each 30 day period for their introductory eCheck deposit limits. However, some other common limits may apply:
Limit of 3 eChecks per 24 hour period that cannot exceed $600 each.
Minimum eCheck deposit of $10.
Minimum eCheck deposit of $50.
eCheck limit of $600 per 24 hour period.
eCheck limit of $1,500 per 7 day period.
First eCheck deposit limited to $100.
Necessary Verification
In general, the following information will be requested when you begin submitting eChecks:
Name Address Telephone Number Birth Date Social Security Number (Last 4 Digits) Bank Account Information
Fund Availability
eChecks are likely the fastest way to make deposits and receive funds directly from or to your bank account. As a general rule, you can expect to receive funds within 48 hours. When you make a deposit, the funds will generally be reflected on your online casino account within 15 minutes. Although the funds may be available on your casino account, they may not yet be deducted from your bank account.
Many companies vary in processing times. Be sure to familiarize yourself with the policies of both the online casino in question and your bank to be sure about fund availability speeds.
Websites that Accept eChecks
Deposit
7 Sultans Casinos Aladdin's Gold Casino Cherry Red Casino Club USA Fortune Room Golden Casino Island Casino Linesmaker Casino Mummys Gold Casino Platinum Play Roxy Palace
Withdrawal
VIP Slots Super Slots Slots Oasis Rushmore Casino Linesmaker Casino Island Casino Cherry Red Casino Club USA Aladdins Gold Casino Casino 1x2 Gold Betting Golden Casino Pamper Casino
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Club World Casino
The Greek Casino
5dimes Casino
Rushmore Casino
AladdinsGoldCasino.com
LuckyRedCasino.com
RushmoreOnline.com
BetED.com
TheGreek.com
5Dimes.com
All of the echeck casinos listed above accept US players.
