What is a ‘Cheque’?
Cheque, also known as a ‘Bank Draft,’ are considered a ‘pay bearer on demand’ payment option that is typically carried out in person rather than online. With the advent of the internet, and virtual payment processing, cheques have taken a back seat to many other more popular banking options.
A cheque cannot be digitally encrypted like their more modern virtual payment counterparts, and they can be lost, stolen, and altered in a way that virtual payment options cannot. Despite this, most online casinos continue to accept cheques from online players as a form of funding online accounts.
Some still prefer this banking method because it does prevent you from having to submit personal data, such as credit or debit card information.
Players from the United States have limited options when it comes to funding their account at an online casino, and also when requesting withdrawals of any winnings. This is when a cheque would be the best option. Many winnings are paid in the form of a cheque to American players, and this process is not an instant form of acquiring any winnings, as it generally takes anywhere up to 10 days, and in some special circumstances even longer.
There are several different banking methods for players at online casinos to fund their accounts and withdraw winnings. Visa credit and debit cards are widely accepted, as well as MasterCard credit and debit cards, American Express, Discover, PayPal, Wire Transfers, BitCoin, Ewallets like Neteller and Skrill, Diners Club, EcoPayz, DotPay, EntroPay, eWire, EuTeller, PaySafeCard, InstaPay, iDEAL, MoneyGram, and dozens more.
Some banking methods are country-specific, while others are globally accepted, and others are optimized specifically for paying with your mobile devices. Many banking options have native apps that can be downloaded from Apple Store, Google Play, and HTML5 for Windows Smartphones.