Many online bingo players have difficulties finding a proper payment method to use, but with a check/cheque, you cannot make a mistake. This is one of the oldest and safest payment methods the world knows of since it is directly connected with banks and has been used all across the world for decades. All kinds of industries accept it, the online gambling industry included. Therefore, you should not be surprised to learn that many online bingo sites are accepting it as a payment method. Why use a check as your online bingo site payment method?
About Check
No one can really pinpoint the exact year when checks first appeared in the world. Some even claim they appeared in the 1st century BC, but they were definitely not used then as they are now. In the modern era, the first mention of papers alternative to cash, bills of exchange, appears in the 17th century in England, the UK. By 1969, these guarantee cards were introduced in several countries, starting the first international network. By the mid-1990s, they were used all across the globe, as the first-of-its-kind item that replaces cash. Clearing houses, as well as banks, were responsible for clearing them.
To put the history behind, a check is an official paper that a drawer (a person whose transaction account is to be drawn) issues to the payee (the person who will receive the payment), processed and paid by the drawee (the bank or another financial institution), in the amount and currency written on the paper. It was most popular during the 19th and 20th centuries, but today, it is phased out and replaced by so many innovative and above all, speedier payment solutions. Yet, to this day, it remains one of the safest payment methods to use for both domestic and international transactions, since it is directly processed by banks and financial instructions, so all of their security measures and authentication procedures are involved in the process.
And even though today, you have so many other modern-day, electronic payment methods to use, across the online gambling industry, one can still notice the cheque being offered as a payment solution. Many players, especially those from countries where gambling transactions are not allowed with classic credit and debit cards or can be refused, like the US or the UK, are using checks to make their deposits and withdraw their winnings across online bingo sites. Even though one of the safest, this payment solution is also one that comes with the slowest processing times. This is one of its major disadvantages, yet some online bingo players are still trusting it more than any other. Stay with us to learn how to get started with it and use it for deposits and withdrawals across online bingo sites.
Getting Started with Checks
Now, as you would assume, in order for a cheque to be valid, the drawer needs to have a valid bank account. Therefore, if you're the drawer, meaning the depositor that would like to send money to your online bingo site, you would need to have a bank account in order for the transaction to be valid. One visit to your bank, and you will get the cheque from the bank desk clerk, probably with your name and the bank account number preprinted on the paper.
You would need to fill out the paper with the necessary information that would allow the payee, or in our case, the online bingo site, to cash that check out. So, you would need to provide your bank account number, if not preprinted, the amount of money you’d like to pay, the currency, and the date.
You should know, though, that checks are more popular as withdrawal methods rather than for deposits. Many online bingo sites, for one, are not accepting the personal ones or courier ones for deposits. Due to the long waiting times involved, for two, players are not that eager to wait for their deposit to arrive on their online bingo balance, but they are okay with waiting for weeks until their winnings arrive on their bank account. Yes, we’re talking weeks, because it usually takes up to 2 weeks for the check to arrive, and then additional 3 business days for you to cash it out.
Nevertheless, if using it as a withdrawal method, you would need to request a payment, by specifying the amount of money you'd like to withdraw and the desired currency. Expect fees to be involved, both by the online bingo site for issuing a check and on your bank's part, if the transaction is cross border. The bingo site will use the name and address you provided when you registered an account with it, so make sure these are correct before you confirm your request.
How to Deposit at an Online Bingo Site with a Check?
Basically, we explained how depositing with a cheque would look like. But before we get into the exact steps you’d need to make, let’s overview the number of bingo sites that you’ll come across which accept this solution. Believe it or not, even though already an outdated payment method, it is still offered across hundreds of online bingo sites. As mentioned, many players are preferring it over any other modern solution, mainly because they know it is extremely safe and secure.
So, you should have no issues finding a site to join. You would need to explore a few options, look for the bingo site with the best bingo games, rooms and promotions, and then register an account with the one that suits you most.
After that, you would need to go through the following steps to make your deposit:
- Go to the online bingo site’s Cashier page and look for the check logo.
- After you click or tap on it, scan your paper and attach it to the designated field. Or, replicate all the details from the paper on the designated fields in the pop-up.
- Make sure you double-check the amount of money and the currency you’d like to pay in.
- Confirm your transaction and wait for the money to arrive on your bingo balance.
Remember that, contrary to deposits with contemporary methods like credit cards, eWallets and cryptocurrencies, deposits with this paper will take days to be processed. So, if you decided to use it, be patient, or make sure you make your deposit days before you actually plan on playing your favourite bingo games.
How to Make a Withdrawal with a Check?
As mentioned, withdrawals with checks are much more common than deposits. The withdrawal procedure is even simpler since the bingo site already has all the information it needs to send you one; all you’ll need to do is request the amount of money you’d like to withdraw.
After the bingo site reviews and approves your request, it will send you the cheque. You should expect for it to arrive by mail or a courier service, directly at your doorstep at home. This would take, as mentioned, up to 2 weeks, plus you’d need to wait extra three days after you received it (for the funds to arrive on your bank account.
Allowed Countries
There’s basically no country in the world that has completely eliminated checks from usage. Therefore, regardless of where you’re from, you can rest assured that you’ll be able to use it as your payment method.
However, some countries may choose not to process checks from certain countries, so before you either request a deposit or a withdrawal with it, make sure you visit your bank for more information.
Accepted Currencies
Since this is a solution available all across the world, naturally, all of the world’s currencies are accepted.
But bear in mind that when transacting internationally, either for sending or receiving money, with different default currencies, you would need to pay a currency conversion fee.
Applicable Fees
We just mentioned the currency conversion fee. This fee will be charged by your bank if you're sending money in a currency different than your country's, or by the bingo site if its default currency is different than yours.
Other than that, you should expect fees to be charged by the online bingo site for issuing a check, and on your bank’s part, if the transaction is cross border, as mentioned earlier.
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Can I make a withdrawal with this solution using my mobile device?
Yes, sure, why not? If the bingo site you've joined is compatible with mobile devices, all you'll need to do is request a payout and the site will have all the information it needs to prepare your cheque for you.
Will I find this method available across many online bingo sites?
Yes. As mentioned, there are hundreds of online gambling sites that accept it, many of which are online bingo sites, at least 50. So, you can rest assured that you’ll be able to use it.
What if the bingo site is based in a foreign country? How will I cash out my check?
You would need to consult with your bank to see whether it cashes out foreign country checks. If not, you would need to look for authorized financial institutions that do.
Is it possible for my deposit to arrive sooner than within 15 days?
No, not really. Many parties will be involved in the process, so the two-week period is a must. That’s why players choose not to use it for deposits and only use it for withdrawals.
Which is the best alternative to use?
Any modern-day payment solution would be a great alternative. But, considering they offer the fastest processing times, the lowest fees and the most convenient deposits and withdrawals, eWallets and cryptocurrencies are the best alternatives.
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