As one of the last few means of such payment, the check is a written document. This is a traditional method of transferring money since its user must take a pen and write by hand the amount of money he wishes to pay. The check, issued by your bank for free, remains a traditional means of payment to buy all the goods and services you want. However, there are some subtleties that it is good to know about the use of this means of payment, which is not always permitted by the online gambling establishments.
There are no real legal standards regarding the use of checks for online casino accounts and so this method of payment is not always accepted, including abroad. Many times, its use in a virtual gaming establishment has shown some limitations. Indeed, if the gaming sites often accept this payment, the banks, by contrast, are reluctant and refuse any transaction issued by check. This is due to old prejudices that pointed the finger at online casinos as institutions that were wrong and illegal. Anyway, you should know that checks work differently because of their nature. Indeed, sometimes we allow certain types of endorsement. Permitted checks, in turn, allow transfers without delay provided that the receiving account is located near the town issuing. Some checks may be subject to taxes, some not. Checks bearing the seal of the Bank of France cannot be cashed through the latter.
Withdrawals and deposits
To make a deposit into your gambling account, you can simply fill out the check and send it by mail to the casino. It is also possible to scan it and send it by e-mail to expedite the procedure. You must mention the amount of the transfer, the name of the payee, the place of the transaction, the date of issuance of the check and then you have to sign. The casino is also able to write a check in case of winnings for various games you played. However, remember that some banks prohibit their cardholders from making transactions with online casinos. The use of a check will be useless at that point and it'll be necessary for you to use an alternative means of payment.
- Historically, the check is a very accurate form of payment. Use this means today is simply perpetuating tradition.
- The check is a secure method of payment. It is very difficult to forge a check and it is checked under the microscope at the time of receipt. So you do not run any grist risk.
- The check, as a written medium, prevents you from banking institutions collecting fees and taxes at the time of deposit or withdrawal.