While many online gamblers are still using eWallets, the advantages of eChecks surpass those of the eWallets. eCheck is practically the easiest way to fund an online casino account these days. It is also among the safest.
A Critical Look At eWallets
eWallets are generally intermediaries which enable you to make your payments in an online casino website. There are a few limitations to using eWallets. There are charges associated with processing payments through eWallets. They range anywhere from 2% of your total deposits to as much as 10%. This can ultimately reduce your funds in an awful manner. eWallets can become fairly expensive in the long-run, especially if you make regular deposits. However, they have some advantages. The most remarkable one is enhanced security measures and payments that never fail. The charges can be quite obtrusive to players on a limited bankroll.
A Critical Look At eChecks
When using the eChecks, there are no middle men involved. This helps in minimizing the number people possessing your personal or banking information. This is a critical security measure. eChecks also enables you to transfer your money directly. You do not have to wait for your money to be disbursed from one account, enter at another, then leave and arrive at another one. eWallet funds can sometimes take a long time to process while eChecks are virtually always instant. However, they carry the awkward issue of funds taking days to actually get deducted from your account. But this is rarely noticeable particularly if you are not the kind to allow your bank account go too low.
Advantages To eChecks
• They are faster
• They are more secure
• Only the online casino will require your banking details
• They directly withdraw from your bank account
• Requires little or no charges for processing
Some gamblers still prefer the eWallets over the eChecks but the latter is considered the better way to send money across the world. eChecks offer their users the quickest deposit method and you do not have to wait days for confirmations when using this method. The downside of eChecks is that the funds are credited to your casino before they are actually deducted from your bank account. However, this is to make your payments process faster instead of an intentional inconvenience. Some banks may normally incur the international transfer fee.