Having been around for over 350 years, cheques are one of the oldest and most accepted forms of payment. Most people are familiar with using cheques to conduct a wide variety of transactions.
The advent of online shopping and subsequent availability of other payment methods has inevitably seen the decline of cheque use in recent years. Despite this, there still seems to be a place for cheques in society, and it is not likely they will be phased out any time soon.
If you like the familiarity of using cheques, you can use this method of payment at online casinos but here you can read more about which deposit methods are popular at online casinos. Not all casinos nowadays accept cheques, so you will need to find out what each individual policy is before you get your cheque book out. Since cheques need to be verified, which can be costly, many online casinos prefer their customers to use other payment methods, often offering discounts or bonuses to those who use other types of payment. When online casinos do accept cheques, you may find that some accept them for both deposits and withdrawals, whilst others may only issue cheques for withdrawing your winnings. Many online players appreciate receiving their winnings by cheque in the post.
When you make a deposit by cheque at an online casino, you will need to familiarise yourself with the casino’s procedures. You normally need to fill out an online deposit form first, where you will be asked for information such as the name on the cheque, the cheque and account numbers and how much you want to deposit. Once you have completed the form, you will then need to post the cheque to the casino, ensuring you have correctly provided all of the required details and paid the right postage. There is not normally a fee to use cheques.
One of the advantages of paying by cheque to make a deposit at an online casino is that you do not need to share your bank details online, and there is no third-party intermediary. It can be useful if you want to deposit a large sum of money. You will need to have a current account to write cheques, however, as this is where your money will be drawn from.
The biggest drawback of funding your online casino account by using a cheque is that you will have to wait for the cheque to be received in the post, processed and cleared before you can play. This can take anywhere from five to 21 days, depending on where the casino is based. Many of them might be overseas. Dealing with currency exchanges can also increase the amount of time it takes to process the cheque. You will also have to endure a wait to receive your winnings, if this payment is being sent by cheque.
Cheques are one of the slowest forms of payment, so if you want instant access to your funds and immediate play, you may find this method of financing your online casino account inconvenient, especially since many more payment methods have become available that give you instant access to your funds.
Another disadvantage of cheques is that they are less secure than other types of payment. They may get lost or stolen in the post, and in the wrong hands a cheque may be used fraudulently. If you decide to play at an online casino using a cheque payment, it’s worth enquiring if the casino provides any protection in case the cheque is stolen. If it does, this can offer peace of mind for the player.
In order to counteract the length of time it takes to process a cheque, many online casinos have turned to using e-checks, which are similar to the paper versions and linked to your bank account but offer instant access to funds. E-checks are starting to grow in popularity, particularly in American and Canadian online casinos, and are regarded as safer alternatives to the traditional paper cheque.