With the development of the online gambling industry, the assortment of possible payment options has changed too. You can conduct a transaction using credit/debit cards, cloud wallets, bitcoins or other variants. However, there is one method, which is not so popular among thrill seekers as the above-mentioned ones, but it is still used from day to day by some gamers. It’s eCheck (or also known as back office conversions). There are no differences between electronic checks and ordinary paper ones: in fact, you just withdraw cash from your bank card.
In this article, we will consider the benefits and pitfalls of eChecks for Australia, their security, fees, and special bonuses for Aussie punters.
Getting Started with Echeck
So, this payment option is really convenient for using but it has some pros and cons. For example, eCheck can be cleared in four days while the required time for a paper check is significantly longer (about 10 days). It’s more anonymous than older analogs or even cards. In addition, if you receive cash, you will pay smaller fees. Finally, the last profitable feature is that there are fewer chances of a human error.
However, some casinos refuse to accept this form of transactions and you just cannot enjoy all benefits of the internal service conversions.
As for the security of this billing method, it is absolutely protected from the fraudsters. Don’t care about myths that checks are unsafe. If the website uses a reliable encryption technology, such as 128 or 256-bit SSL, then you will not lose your data and the bankroll as the result.
Extra Fees in Online Casinos
All online casinos establish their own fees for transfers and most of them traditionally charge an additional cash (around $5). Nevertheless, the sum can vary.
Deposit and Withdrawal Process
To make a deposit, you have to register an account and keep enough money because you cannot use credit cash. If you meet these demands, then find your checkbook or sign in with your provider. After that visit the website of the casino, choose the eCheck section and fill in the info (routing number, your account and so on).
In addition, establish the sum, which you want to transfer. The request will be submitted so you can start gambling. Even though the system is slow money will be sent in 24-48 hours.
As for cashing out, the process is similar and simple. Nevertheless, there are some specific aspects, which you should know.
For example, some betting rooms don’t allow withdrawing bankroll via back office conversions. Furthermore, the duration can be longer than you expect (about 3-4 days). Notwithstanding, it’s still a good payment option for thrill seekers. In addition, it’s absolutely legal to use eChecks in Australia, while in the USA they are prohibited in most states.
Bonuses for Aussie Echeck Players
Gambling institutions are usually generous and provide impressive promotions for customers. They attract new clients in this way. For example, Aussie punters, who use eChecks can get exclusive welcome packages with the gifts for various games (slot machines, blackjack, roulette and so on), matching percent promos, and even no-deposit bonuses – gratis cash or spins.