Checks are still a popular deposit method in online casinos despite there appearing to be more efficient new transaction methods. There are two major reasons for this:
- An older gaming audience that is still transitioning from physical to online casino
- The availability of checks pretty much everywhere in the world
Cheques have been in use in online casinos since this gambling model began gaining popularity in the early 2000s. They are not the fastest method today, but their efficiency and accuracy cannot be disputed.
To use a cheque in a new online casino, a player will need to draw it from their bank. Once they have done this, they should input the cheque's details digitally into their casino account. The funds usually take 0-24 hours to reflect. This means that a player should not opt for the method if they intend to play immediately.
Many new casinos are phasing out the use of checks as transaction methods. This is inspired by the rise of more efficient methods of transferring money. Casino players are advised to follow the trend. For example, E-wallets are growing in both efficiency and availability in different countries. They are faster and cheaper, the more reason players should use them.
Even though a cheque doesn’t connect to a bank account, it is universally accepted and it is easier to cancel a transaction that is underway. Every new casino online has a unique process for cheque deposits. After signing up to your preferred site, use the following steps as a guide:
- Look for the cashier area
- After opening the deposit button, choose cheque as your banking method
- Note down the designated address for cheque deposits at the new casino
- Bearing the deposit limit in mind, write on your cheque the amount you want to deposit
- Make the cheque payable to the site
- Write a note including your username or email address associated with your casino account
- Send the note and payment by mail or courier service
- The casino will receive the payment so you can start betting
If you are sending the cheque by mail, you might be required to fill out an online form to notify the casino that money is on the way. It is good to seek clarification regarding the currency before sending. Letter mail is typically faster in some countries like the UK, so you can have the money credited to your account the same day.
However, some new casinos featured on this website are licensed in Gibraltar and Malta, so the cheque payment may take a little longer to clear. The deposit limit differs from casino to casino. But in most new casinos online, VIP players enjoy a higher deposit limit when using a cheque.
The best thing about cheques is that they allow the processing of enormous sums of money. It is thus the most convenient method to cash out with after a jackpot win. Withdrawal procedures follow the same steps as those for depositing via a cheque:
- Go to the cashier area and hit the payout button
- Select cheque as the payment method
- Fill out your cheque address
- Complete the identification steps
- Enter how much to withdraw
- Wait for the casino to process the request
Your winnings will be credited to your account once the bank confirms it has been honoured.
When choosing a new online casino payment method, security is probably the most critical consideration. Safety measures are vital for both casino players and the gambling platform. Paper cheques are safe as long as the online casino protects your details with the updated SSL security protocol. Look out for 128-bit encryption before registering with a new casino.
Most banks will mask your personal account number to safeguard you from fraud. Since you’ll be using a third party to send the paper cheque, they cannot see the sensitive data. Whether you are depositing or withdrawing, be sure to track the cheque, and you’ll have nothing to worry about.
Reliable cheque casinos also use eCheque, which has many safety features. If the casino makes an eCheque payment, they’ll ask for your bank data. The casino may contact your bank through Automated Clearing House (ACH). This is an electronic payment processor that initiates or terminates money transfer, depending on the provided data.
As long as the bank details are correct and there are enough funds, the payment will be verified. The sender can reverse the transaction safely in case of a mishap. This is more convenient and secure than wire transfer, which is non-reversible.