Many online casinos nowadays have a variety of payment options that can suit the needs of every kind of player. Cheque payments may seem outdated if compared with various electronic wallets and online payment methods. But many online players actually favor cheque payments due to the ease of use and reliability.
A cheque (also known as a check) is a type of document that serves as the payment authorization from your own bank account to a person or beneficiary. In order to issue a cheque, you must have an active checking or current account from a bank where you have funds deposited. This document includes the payment instructions such as the date of payment, the amount to be released from your checking account, and who should receive the payment you are making. You can issue a cheque as payment to an individual or to a company or organization.
Online best live casino websites usually accept electronic payment methods but there are still reliable ones that accept deposits using cheques. Although it may some time for your deposit to reflect in your online casino balance since the cheque must first be received by the payee who will either deposit or physically draw the cheque. The cheque itself needs to be cleared by the bank before the money can be released which will take several days or more.
You might be surprised, but the truth is, there are real advantages to using a cheque to deposit funds at an online casino. Here are the advantages of cheques that can make you think about using them once again to fund your online gambling account:
One of the best advantages of using cheques for funding a best rated online casinos wallet is the fact that it is very simple to do. There are no complicated processes that you need to understand – just fill up a blank cheque with the correct details and send it to the payee. If you own a checking account and have issued cheques before, you can send your payment to an online casino without any frills and hassles.
Although online payment methods are really quick, these processors usually set a maximum amount that can be deposited at a time. When you’re looking to send a large amount to your online casino balance, the cheque is a better option than e-wallets and digital payment facilities since you will be able to send more.
The cheque has been utilized for so many years, many people are familiar with how the process works. Unlike other new payment methods which can be confusing to understand and use, sending a cheque is as easy as 1-2-3.
Cheques are a popular method both for deposits and especially for withdrawals at an online casino. You can never go wrong with an established payment method that has been around since our forefathers.
We now know that all types of payments will have about one to two or even several disadvantages. The following are the disadvantages of using cheques for online casino transfers and payments:
Similar to other payment methods, there are some online casinos that do not accept cheques as a form of payment of the transfer. You will be able to find established online casinos that do accept cheques, but the options may be limited.
Cheques, unlike a payment method such as PayPal, do not use any technology to encrypt the information or document. Since cheques are usually sent out through postal mail, the cheques can either be lost by the courier or stolen by unscrupulous individuals. Since the cheque payment is done by merely sending out authorization through a small piece of paper, there is really no way to protect or safeguard your money during the entire process.
You may experience the fluctuation of exchange rates when withdrawing funds through cheque especially if you are paid using another currency. So even if you withdraw your money at a time when the exchange rates were better, given the number of days needed to process and clear the cheque, you will receive an amount based only on the prevailing exchange rate.
We already mentioned earlier on that cheque payments are one of the slowest payment methods especially if you are in a hurry to play your favorite casino games. Now if you do not mind waiting, cheque payments are a good option.
To understand how simple it is to make a deposit at Cheque Casinos, take a look at our simple guide:
Withdrawing your money by cheque is also possible, just follow these steps to redeem the money from your online casino balance.
In comparison to modern payment methods which uses electronic transfers to quickly or instantly process your deposit, a cheque payment will require you to wait for a few days to several days to receive the funds for playing. The typical amount of time it takes to clear a cheque depends on three things:
Although Cheque Casinos are one of the simplest methods to cash in at an online casino, there are some issues that will arise which will affect the time it takes to process your transactions such as:
In case you encounter any difficulties or problems with your cheque deposit, you can always reach out to the online casino’s helpdesk or contact the bank processing the cheque payment for assistance.
What are the fees associated with Cheque Casino deposits?
There are usually no fees involved in depositing money to an online casino through cheque. However, the online casino operator may charge a fee for the transaction, so it is best to clarify this with the casino helpdesk to avoid confusion.
What are reliable alternative payment methods to online casinos aside from cheque payments?
Similar (somehow) payment alternatives include bank wires, bank drafts, Citadel Instant Banking, and Western Union. There are also online casino payment methods that you can utilize instead of cheques such as credit cards and debit cards under Amex, MasterCard and Visa, e-wallets, NETELLER, PayPal and Skrill.
Is there any difference between a bank draft and cheque?
The money drawn from a cheque is money that personally belongs to you, while the money drawn from a bank draft does not belong to you but the bank. You can use both to fund your online casino wallet. If you issue a cheque, the bank takes out the money from your account; in the case bank drafts, the bank initially takes care of the amount and will later deduct the amount from your account. Both methods take about 5 to banking days to process, but a bank draft is widely accepted compared to a personal cheque. Bank drafts are also more difficult to forged or counterfeited.
Can I pay using cheque at mobile casinos?
As long as the mobile casino accepts cheque deposit payments and you have an Internet-capable device, there’s no reason why you cannot play on the go.
Cheques are a great option for online gamblers who do not trust or do not want to trouble themselves with the hassles associated with electronic wallets, cards or third party payment processors for sending and receiving money. Although it may take days before you can finally get to play at your favorite online casino, cheque payments are still considered decent and reliable means of funding an online casino account. Using cheques to deposit money at an online gambling account may seem outdated compared to the vast electronic payment options that one can utilize nowadays, but Cheque Casinos have unique benefits that set it apart from the multitude of payment processors. With cheques, you will be able to send more money to your online casino wallet which is not possible with other payment methods. You can also opt to withdraw your money through cheque. But the best part is, you can be eligible for a bonus when you deposit and play at Cheque Casinos!