Benefits Of eChecks Versus eWallets

While many players are still using e-wallets, the benefits of eChecks vs. eWallets has proven time and again that depositing with e-checks directly carry many advantages over using an intermediary. Having tested many casinos in conjunction with e-checks, we can tell you that there is no reason to not use this deposit method over any other - including credit cards. Deposits into eCheck casinos are one of the easiest ways to fund an account, as well as one of the safest. Electronic checks have no real disadvantage, but we will explain this to you in order to help you figure out which deposit method you should use.

What Are eWallets?

E-wallets are simply an intermediary, a third party to help you process your payments into an online casino. There are many of these on the market, and there are a few caveats to using each one of them. Like any service, there are fees associated with making payments through these e-wallets. They can be anywhere from 2% of your deposit to as high as 10%, which can ultimately cut into your funds in an obnoxious manner. E-wallets can grow fairly expensive over time, especially if you make frequent deposits. They have a few advantages, most notably enhanced security features and deposits that never fail, but the fees can be mildly obtrusive to those on a limited bankroll.

What Are eChecks?

When using echecks, you want to understand that you’re effectively doing deposits, but via a different network - instead of going through banks, you’re going through the ACH network. This can sometimes result in lower fees, but it has become a somewhat outdated method of moving money as e-wallets have incorporated similar technology. EChecks do carry the one issue of money taking a few days to actually disappear from your account, but this is hardly noticeable - especially if you are not the type to let your bank account run slim.

Advantages To eChecks

  • E-checks are fast
  • E-checks are secure
  • Only the casino needs your banking information
  • Draws directly from your bank account
  • Requires little to no fees for processing

Overall Thoughts On eChecks

While some players still prefer e-wallets over e-checks, the electronic check is simply one of the best ways to send money around the world. We have found that e-checks provide their users with some of the fastest payments of any deposit method, and you will not be waiting to play if you stick to this method. The one bad thing about e-checks is that the money is credited to your casino before it is actually withdrawn from your bank account, but this is to help your payments process faster rather than an intentional inconvenience. You will see that fees are rarely, if ever, over a dollar, as your bank may sometimes incur an international transfer fee. We recommend that you look into this prior to attempting to make payments, but only if you do not wish to be surprised. The benefits of eChecks over eWallets cannot easily be ignored, especially by those who are not interested in opening an account.

Best Casinos Online Accepting Electronic Check Deposits
Best Echeck Casinos
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