In the widespread industry where more processors mean easier access to favorite games, ACH-eCheck has managed to occupy a significant spot. The tough competition this electronic funds transfer processor faced throughout its existence, since the 1970s, seems to have done it only good. At this point, ACH e-Check is not only popular industry-wide, but also among all sorts of online retailers and shoppers, due to its convenience and availability.
ACH stands for Automated Clearing House, which has a massive network of both corporate and individual users, who opt for a faster, safer, fuss-free way to pay by checks without using those in paper form. It may not be in the same place as credit cards, like Visa or MasterCard, but it’s definitely getting there, and its advantages have made it one of the favorite payment processors in some large markets, such as the one in the US.
How does ACH-eCheck Work?
What makes ACH-eCheck a more desirable option than regular checks and credit cards is the fact that everything is done electronically, and that the processing fees are usually quite low or non-existent. This means that you no longer need to take time to write out checks, beware of thieves who can deprive you of them while you’re carrying them around, worry whether they will arrive on time.
So, how to use ACH-eCheck in an online casino? This direct debit method of depositing is easy to use, fast and reliable. The end result is a prompt deposit that goes directly from your checking account. In order to place one in a casino, you will need to provide them with only a few details from your checkbook - the routing number, the account number, and your personal information. In some casinos, you may be asked to give your social security number as a way of preventing anyone who may have gained access to your check book from using this form of deposit method as their own.
In addition, the fees related to payment processing in case of ACH eCheck are next to nothing, which is why so many people use it as their preferred payment method. What’s more, a majority of casinos do not take any fees, and it’s usually up to the bank whether it will charge you for processing your transaction. It’s worth keeping in mind that there is a small time difference between your deposit getting to your casino account and the amount being taken off your bank account, even though this may often happen instantly.
ACH-eCheck Pros and Cons
Speaking of advantages of this processing method, they are quite obvious. It’s easier to do everything electronically instead of coping with numerous paper checks, it’s much more convenient to have your money available instantly, without paying postal fees or worrying about delivery delays.
However, as widely spread as it is in the States and a few other countries, ACH-eChecks are less known to many other parts of the world. Maybe it takes time, but it’s definitely a pity that such a great potential does not become available everywhere and to everyone.
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