eCheck payments at online casinos
Perhaps a real-life example will illustrate the procedure more clearly: e-check is offered by Paypal, a commonly used e-wallet service. If one has the option to pay via e-check, the transaction will not deduct funds from a PayPal account. Rather, the funds will come directly from the bank account which has already been registered with PayPal.
The method’s convenience lies in it allowing the user to forego the step of first funding the e-wallet account before using it to pay for something. This makes for faster transactions and allows users to pay for items whose value exceeds the amount of funding currently available on the users’ account. In other words, using e-check is exactly like the name implies – it is like writing and using a check instantaneously.
It is difficult to say that there are any real drawbacks to using an e-check service. It is safe and very fast. Perhaps the only shortcoming we can identify is that it is not such a widely-accepted service, so it may be unwise to rely on this as a sole method of payment.