Benefits Of eChecks Versus eWallets

Echecks are generally preferable to ewallets for thep purposes of depositing from your checking account into an online casino. This conversation used to be much closer, but echecks have been supplanted at many online casinos thanks to the advent of cryptocurrency, which serves as a similar level of middleman in the sense that, just like an ewallet, you need to move your currency through a service before using it.

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What Are eWallets?

EWallets are a service that took over the internet in the mid-2010s, and consist of names like PayPal, Neteller and Skrill. These services allow you to put money on the internet, then use their transfer service to move it around the internet when you so desire. Generally speaking, for online casino usage, they’ve been mostly supplanted by cryptocurrency.

What Are eChecks?

Echecks are a method of deposit and money transfer that takes money from your checking account and moves it through an automated clearing house, or ACH. This is a bit different from using a bank to do it, and one major upside of this is that while many banks frown on deposits to international casinos, ACH transfers are more workable in this sense.

Advantages To eChecks

Echecks are fast – They move money as fast as you can within the traditional financial system.
E-checks are secure – You can be sure that your banking information will not leak.
Only the casino needs your banking information – There are no middlemen taking a slice of the action.
Draws directly from your bank account – You don’t need to use an ewallet or crypto wallet to get your money to an online casino.
Requires little to no fees for processing – Fees are low, but to be honest, crypto fees are lower.

Overall Thoughts On eChecks

Echecks are a great method of deposit at online casinos, and one of the safer and simpler ways to get started. They do come with a notable downside now that they’re being phased out by many casinos, and that is that they tend to only be accessible if you contact support and tell them you need to deposit with echeck, instead of any other deposit method.