Echeck Casino Bank Guide for Canadians
An Echeck is more of an electronic check that can be used to make deposits straight from your personal bank account. With this form of payment, the recipient or merchant should receive the funds deposited in an instant. Echecks can be used for both deposits and withdrawals in online casinos that accept Echeck in Canada. They work the same way paper checks do, in that, the amount you deposit into a casino is requested directly from your bank account. Withdrawals, on the other hand, may take a longer time to process, which in most cases is 3 to 6 business days.
- One of the safest and most secure ways of making online payments
- Quick and real time transactions for online payments
- Large number of online casinos accept Echeck as a form of payment
Using Echeck for Online Casinos
Echeck works exactly like a paper check, and the only difference is that the process is secure and instant, and happens in real time. It does an electronic funds transfer, EFT, straight from your bank account to player account. This form of online payment can be used for both deposits and withdrawals for online casinos. When you deposit a certain amount of money using Echeck, the amount of money deposited will be requested from your personal bank account. Once the transaction is cleared by the bank, the funds are transferred to your account in the online casino of your choice.
One problem you may face while using Echeck as a form of making deposits is delays. It can take up to 7 days for your bank to clear your funds. The amount, however, is reflected in your online casino account but the status of this amount will be labelled as “uncleared”. When a deposit has the “uncleared” tag, you will be limited in the use of your funds in that, you will not be able to withdraw or request money transfers, at least for the “uncleared” amount. If you have a balance greater than that amount, however, you will be able to continue using the transfer and withdrawal services.
Opening an Echeck account
Echeck accounts can be opened using several online payment platforms. The most common one, however, is opening an account via the platform, PayPal. The first step is to log into your PayPal account and if you do not have one, simply click on the create a PayPal account button on PayPal’s official site. The next step is to link your bank account to your PayPal account. This is done by clicking on the profile tab at the top of the page and clicking on the update or link bank option in the drop down menu. Once you’re ready, head over to your favourite online casino where they will give you instructions on how to make payments using this method. Most online casinos will have you going back to your PayPal account, and ask you to click on the send money option. Enter the information that you will have been given by the casino and hit continue. As a form of payment, choose the Echeck option and hit continue. Review the information that you will have given and to complete the transaction, hit the send money button.
Using Echeck in Canada
The use of Echeck as a form of payment is still very popular especially among Canadian players who are looking to make deposits into their online casino accounts. This form of payment is especially popular among players who do not have credit cards or those who prefer not to use other methods of payment for whatever reason. This method of payment is now widely accepted in most, if not all, reputable Canadian online gambling platforms. This method is not limited to Echeck casinos in Canada. The service can be used in a myriad of gambling sites including poker sites, bingo sites, sports betting sites among others.
Fees and Limits
Using Echeck as a method of payment is absolutely free! Any transaction fees that may have been incurred during the process are charged directly to the casino and not to you. The only instances where you will incur an additional fee with the use of Echeck is when your transfer fails. This is mainly brought about by an insufficient balance in your bank account. When the transfer fails due to this reason, you will be charged a service fee of around $30. There are limits, however, on how much you can deposit with a single check. This also depends on the casino and the limits set by your bank. Typically, in terms of limits, the minimum amount you can transact using this service is $20 and the maximum amount of money you can transact is $2,000.
Benefits and Drawbacks of Using Echeck
One of the main benefits of using Echeck as a form of payment, one that players across the globe love, is the cost. After the initial set up, processing Echecks costs much less than other forms of payments, especially when it comes to making deposits and withdrawals in an online casino. This mode of payment also offers its users high security when it comes to the question of how secure their money is. The risk of theft and fraud is reduced due to the encryption of user bank details. This method is easy to use and understand. The simplicity makes it difficult to encounter errors and in cases where errors may occur, they are easily rectified. Another benefit of this method of payment is its diversity when comes to currency. Clients get to make payments in the currency of their choice and the payments will go through.
One major complaint that has seen the use of Echeck as a payment service lose the limelight is errors that are made by sites and/or computers. Some of these errors could lead to a double withdrawal from your account and this may take some time to reverse. Another problem that players may face is the small number of Echeck online casinos. Although this number is growing, it comes to a disadvantage where players may have casino preferences. Returned or “bounced” transactions due to insufficient funds may cause delays in the delivery of services especially by online casinos, where you may not be able to play until the case is solved. these returned or “bounced” checks often cost both players and the casinos a lot of money due to the fees that have to be paid.
- Processing costs much less than other forms of payment
- Easy to use and understand, thus reducing the risk of errors
- Computer errors could lead to double withdrawals from your account
- Delays in services because of bounced Echecks due to insuffient funds
A Brief Review of Echeck as a Payment Option
Overall, the use of the Echeck service for making payments to online casinos is safe and efficient. It is convenient too for those players who may not have access to credit or debit cards or may not want to give out their credit or debit card information for one reason or the other. Although using the Echeck service is not as quick or as instant as other services, it has rapidly increased the speed in which payments are processed in most online casinos. In most cases, you will not have to wait for the funds to be cleared by your bank, and this allows you to start playing instantly!
How secure are Echecks?
Echecks are one of the safest and most secure methods of making online payments. This widely used method of electronic transfer is compliant with strict processing rules that keep all your personal information safe. The security measures include a standard industry data encryption software for your personal information and a 128-bit SSL end to end encryption on communications.
Are there deposit limits for the use of Echecks?
Deposit limits when it comes to the use of Echecks really depends on the online casino site you use. Visit the Cashier’s page to look at your current deposit limits. Remember, deposit limits vary according to how long you have been a player at a particular casino. First-time users may have a lower deposit limit. To increase your limit, or if you have any question regarding this particular subject, please contact support.
Can I make withdrawals using Echeck?
Yes. You may withdraw funds from your online casino account via Echeck. Please note that withdrawals may take a longer time to process, averaging 3-6 business days. Also, note that the amount withdrawn will be credited to any Entropay or CFT eligible Visa card that you may have used to make deposits before it is credited to your Echeck account. For more information, you can visit the online casino’s withdrawal policy page.
Are there additional fees when I use Echeck?
As long as your bank processes any Echeck transactions without sending them back, there are no additional fees that are charged for the use of this service. Fees charged by the banks, however, are the responsibility of the player. These include fees that have been incurred for debits that have been rejected or returned by the bank due to insufficient funds in the account or other reasons.
How can I make purchases using Echecks?
For most online casinos, the Echeck deposit option is fully integrated into the checkout, or cashier screen. To make a deposit or a withdrawal, all you have to do is log into your account, choose what you would like to do, either ‘make a deposit’ or ‘make a withdrawal’ and click o the Echeck button as a form of payment. Follow the instructions that come after and your request will be processed in absolutely no time.
All Your Online Casino Solutions at Casinoguides.ca
Online casinos have sprung up everywhere online nowadays. Knowing genuine and the best casinos is rather difficult. Do not fret, however, Casinoguides.ca is here to save the day! They bring you an in-depth and detailed review of the best casinos online and the games that they have to offer. They couple that with detailed reviews on the various online banking or payment options you need to make transactions in these online casinos.
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Introduction to Casino Payments
One of the very important features of any online casino is the payment and withdrawal options that it offers to its players. The number of options available can confuse a newbie, so to help you choose the best deposit or withdrawal method for you, we have reviewed some most popular casino payment/withdrawal methods. A payment guide for online casinos will always give a wire transfer as a payment method among others. A wire transfer is fast and easy, simple to perform and most casinos accept these.
The best online casinos are always exciting and they try and accommodate their different customers by providing a host of payment options. A payment guide will also tell you that Prepaid cards are another payment system used by online casinos. These cards include Ecocard, Neteller, Mastercard VISA and others. These cards are a popular choice because you can use them for other things such as shopping besides gambling online. Making a deposit to your online casino account with these cards comes with the benefits of any credit card and deposits will happen instantly. Because these cards are in cahoots with Visa or Mastercard, they can be used anywhere.
Different Deposit and Payment Methods
With an online casino payment guide, you will notice that payment methods such as Echeck and Ecopayz are used as well. They are a safe way to make online payments. With a payment method such as Echeck Ecopayz, you will notice that there are also other benefits such as registration being free when opening your account. You do not need to have a bank account and transaction fees are also low with funds being transferred into your ecoPayz account immediately. These payment methods are similar to bank accounts and are completely safe.
Entropay is licensed for operations with e-wallets for their online casino customers and a casino payment guide will reveal Entropay is well used by online casinos. Fortunately, there are many casinos accepting this payment method. This payment option was introduced in the year 2003 as a prepaid virtual Visa card. It is well known and accepted in more than 170 countries of the world. Apart from gambling online, you can make online purchases and also perform transactions without having to disclose information about bank and card details, thus being completely sure of your information remaining private.
Credit cards are one of the most popular payment methods at online casinos according to any payment guide and a quality payment guide will tell you that you can use them to make safe, fast payments at online casinos. When you look at iDebit, for instance – it is a secure online payment method and lets you make payments directly from your online banking account. You simply sign up with your credit card, log into your bank with the same online banking user-name and password and you’re ready to go.You can also use Maestro to make purchases securely. Maestro makes use of the latest card security technology. It is quick and easy – you just insert your card, enter your pin and you are ready to go and you can even use your card when you’re abroad.
A payment guide will tell you that Skrill started as Moneybookers electronic wallet in 2001. The name changed to Skrill and was acquired by Paysafe. Skrill is authorised by the Financial Conduct Authority, operating in no less than 200 countries. Open an account with Skrill and receive your login particulars to fund your account.
Gamblers love the live casinos offer and casinos have responded by ensuring that they offer all the different casino payments as suggested in a reputable casino payment guide. Once you’ve found a fantastic online casino, it goes without saying that the next step is to find the best online casino payment options to transfer your funds. These payment guides will tell you which payment options are acceptable according to your personal banking needs. You never have to be wary of transferring funds online because these guides have done all the research for you and recommend casino payment options that are as safe as houses to use.
A payment guide will tell you that while most of the online casinos are completely safe and enormously fun, there are always those bad apples that spoil it for everyone. Rogue gambling sites do happen and they’re to be avoided at all costs. If you’re wondering how, then these guides for payment options will list casinos who have issues with paying players what is rightfully theirs. It is up to players to do research with any casino and their payment options before signing up with them. Skrill is one of the safe options and it can be used for deposits and withdrawals at online casinos.
PayPal is a hugely popular payment method and a payment guide always lists PayPal for use at online casinos because it is a secure way to send and receive money online. With a solid track record, PayPal is a leading online e-wallet solution, working with no less than 25 different currencies and also in more than 180 countries worldwide.
A casino payment guide will tell you that you can trust PayPal as it is selective, dealing only with online casinos that have a gambling licence in the country where you want to play. It is just one of the signs that you’re dealing with a reputable online casino. Opening a PayPal account is also simply straightforward and all you basically need to get going is a valid email address. Always do research because there are things such as minimum deposits where you’ll be asked to deposit a minimum amount of anything between $10-$25.
All the best, most reliable, registered, regulated and reputable online casinos accept PayPal for withdrawals and deposits. A payment guide will tell you to always check the small print before signing up with any casino and going ahead with their payment options. An important aspect with any payment option is speed and convenience, and with PayPal it is one of the faster payment alternatives. Some of the largest online casinos where you’ll find PayPal are Casino Tropez, Paddy Power and Betfair among others and with a casino such as Betfair, cashouts are within 24 hours.
Neteller is an excellent banking option according to any online casino payment guide. It is trustworthy and respected, and as an electronic banking method, it is also fast and easy. It was created in Canada in 1999 and is registered with the British Financial Services Authority, abiding by their legislation. It means that Neteller keeps the funds of customers in trust accounts, providing casino players with an excellent sense of security.
With a casino payment guide, you’ll discover how to use any payment options to make a casino deposit. When choosing any one of these many banking methods, there are always some things that you need to take into consideration such as the particular method you choose for your casino deposits, the reliability of the method including how easy the method is to use. The best casinos make use of special encryption methods to ensure the safety of your personal information.
A payment guide for online casinos will guide you on the right way to ensure that all your personal, as well as financial information, is always safe and confidential and that your payment methods can’t be tampered with. Credit cards, e-wallets, debit cards, pre-paid cards, bank transfers, wire transfers – you name it – the most important thing is to ensure that you choose a registered, regulated online casino in the first place.
A payment guide will always mention a bank transfer allowing customers with Amex and Mastercard to pay for online purchases using their Internet banking facility. Customers will initiate a bank transfer through online banking or tele-banking as examples. This type of payment is made at the initiative of the customers and payment is sent to the bank account of the seller. Bank transfers are safe and have no reversal risk and banks are allowing customers to initiate bank transfers online.
There are many options for gamblers all over the world to make safe banking methods. A payment guide is full of useful information on online casino payment methods regarding the Paysafecard, PayPal, Neteller and other payment methods, and a casino bank guide is important because it ensures that your monetary journey with any reputable online casino is fast, easy, convenient, accurate and safe. There is always a casino with the payment option you want to use and the payment guide, when chosen carefully, can be all you need to know precisely what currency to use, how to use it and what bonuses exist so that you can always be sure that your carefree, fun gambling experience remains exactly like that year after year.