An
eCheck is a payment solution
identical to writing a check;
in fact it is a check except
it can only be use online.
The eCheck system is widely
used for various merchant
transactions and has recently
been introduced to the gaming
market. It's not as widely
available as some of the
other options for you to
use, but it is becoming
a very popular option for
a few reasons. First, the
eCheck does not require
you to set up any additional
accounts. If you are anything
like us than you will invariably
have multiple accounts through
various rooms and the last
thing any of us want is
to have to use another account
to fund our accounts. The
second benefit is you will
not pay any fees, unless
otherwise associated with
your financial institution.
Using eChecks to Fund Poker and Casino Accounts
An eCheck, also referred to as Instant Checks works just like your paper check that you would write from your checking account. With it being available to use to deposit online you will need to provide the poker site with certain details relating to your account. This includes;
- Name of your financial institution
- Bank account number
- Transit and routing number
- Identification in the form of Social Security Number or Driver's License
The identification is used as a security measure protect you as well as the poker/casino site from fraud and as such you will be required to enter the last four digits of the id you used to register with for each deposit you make using an eCheck.
Are There Any Restrictions
With Instant Checks, the poker rooms are essentially providing you with instant cash which is given before the check has a chance to clear. To protect themselves from players writing checks for large amounts or writing multiple checks and not having the funds necessary to cover the funds provided there will be a few restrictions placed on your account. A player who is new to the eCheck process will generally be limited to two checks within a 40 hour time span. Once you develop a good rapport with the poker room you can email their support team to have your limits increased. Most checks are processed within 3-5 business days.
Players should note that you will not be able to request a withdrawal through this option. You will need to find other methods to withdrawal from your poker and/or casino account.
Are eChecks Secure?
Instant Checks have the same security features that
your paper checks have if not more. The following is a basic summary of
various protocols in place for eChecks.
- Authentication
- Public key cryptography
- Digital signatures
- Certificate authorities
- Duplicate detection
encryption
USA Poker Sites Accepting eChecks
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