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Betting Sites Accepting Echeck
While it's easy to use, Echeck isn't as popular a payment method with online sportsbooks as are many of the Ewallet options such as PayPal, Neteller and Skrill.
While there aren't that many sportsbooks accepting Echecks at the present time, odds are the numbers will rapidly increase, because the ease of using an Echeck is sure to quickly make it a popular deposit option with online sportsbook bettors.
An Echeck is exactly what it sounds like - an electronic version of a check, those pieces of paper linked to your checking account that you use to pay bills. What electonic checks permit people to do is to draw funds directly from their bank account and post them right into their sportsbook account without any delay. The ease and safety of this process is remarkable.
As we said, electronic checks aren't yet significantly utilized at sportsbooks, but the Echeck is slowly growing more accepted as a payment option in the online sports wagering industry and is popular with sportsbooks that cater to North American bettors such as Bovada, BetOnline, and SportsBetting.
All that will be required when you choose to make an Echeck payment to an online sportsbook are your bank account and routing numbers.
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Checks were a popular method of payment for centuries and while it might seem that they are obsolete in today's e-commerce world, the fact of the matter is that checks have gone electronic.
Electronic checks - more commonly referred to as Echecks, make adding to the funds in your online sportsbook account a fast, relaible and efficient process. Simply, an Echeck is an electronic version of the paper checks you've been writing for years on your bank account. If you can write a check, then you can write an Echeck. And the beauty of Echecks is that not only are they secure and cost-efficient, when you pay via this method you won't incur the sorts of fees applied by Ewallet companies. The chances of fraud being incurred while writing an Echeck are negligible.
The first time using an Echeck there is generally a limit placed on the amount of money you are allowed to deposit Generally limits are capped at $5,000 but check with the sportsbook you choose to deal with in order to get the specific details. And don't be afraid to shop around for the best deal.
Once your electronic checking account is certified, then you can then deposit into your betting account on a daily basis.
How To Pay With Echeck
If you've written a check you'll be able to write an Echeck. All you need to write an Echeck is a checking account. Then you're ready to make a deposit to your favorite online sportsbook. BetOnline, Bovada, DSI and SportsBetting are among the list of online sportsbook companies that will honor an Echeck deposit.
When you get to the cashier portion of the deposit process, you will be asked for your bank account and routing numbers. You will find the nine-digit routing number located on the left side of the account number. You may also be asked to supply your social insurance number for security purposes in order to allow you to purchase credits through the online sportsbook's website. Since the money is withdrawn directly from your checking account and deposited directly into your sportsbook account, it eliminates the need to pay those frustrating fees that often accompany a credit card transaction.
One drawback to Echecks is that it can take anywhere from 24 hours to 10 business days for the funds to be processed and deposited into your sportsbook account. Most sportsbooks tend to place restrictions on the amount that can be deposited to an account, with both a minimum and a maximum total generally in place. It's best to check with your sportsbook to garner this information before making a deposit.