June 20th, 2012
Electronic Checks or eChecks are designed to work the same way as a paper check but in the online environment. Just as a person would send a paper check to make payments, users online are able to send a virtual check to make payments. This is a very safe and secure method of making payments online, in actual fact eChecks are safer than paper checks as there are more security levels involved.
How it works
In order to make payments with an electronic check customers will need to have a checking account with their bank, they will also need to insure that the required funds are in this account before making the payment. When making a payment customers will need to enter in specific details pertaining to an eCheck such as a routing number which will be supplied by the bank. This is a completely secure online payment method as the retailer and the bank deal directly with one another, banks will only deal with online companies that can provide the highest of security levels and if they feel the system is not 100% secure the payment will be rejected.
Electronic Checks and online casinos
Electronic checks offer a safe alternative to making a deposit at an online casino, to ensure that the bank will process the transaction players need to make sure they are using a trusted and reliable online casino such as the Best British Online Casino. At the cashiers page of the deposit menu players will need to select the eCheck option or logo, they will then be required to enter in their bank account number, routing number and the deposit amount, to ensure that these details are safe and secure users should check the url of the site, a secure site will say https:// and not http://. The transaction is immediate and the casino account will be credited straightaway allowing players to gamble from the get go.
There are no fees involved with this simple online payment method, a customer will only get charges if a check bounces due to lack of funds. Security is guaranteed with an eCheck as the bank processes the payment directly avoiding the middle man from receiving any sensitive data. Many online casinos accept this as a deposit method but are unable to do refunds or payout by eCheck, they will however make a transfer to any stipulated account or try an alternative method.