5 Reasons to Use eCashout Withdrawals to Collect Online Casino Winnings
As longtime Canadian iGamers, we know as well as anyone how difficult it can be to find a good withdrawal method. Convenience, speed, consistency, accessibility, and reasonable cost; these features should not be too much to ask for. You often won’t see all of these features align in a single payment method, but it does happen.
eCheck deposits, for example – the namesake of our website – gained popularity for this very reason. They are quick, easy, reliable, highly accessible to Canadians, and not just cost-efficient, but free. But alas, not every mobile casino in Ontario supports this method of payment. Those that do might support eCheck deposits, but not withdrawals. If that’s the case, keep an eye out for eCashout payments, now available at many of Ontario’s finest iGaming websites.
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What Is an eCashout ?
Operated by Gigadat Express Connect, eCashout ticks almost all of the important feature boxes for online and mobile gamblers. Yes, I did say almost. The only thing missing is that you can’t use it for deposits. It’s only available for cashing out. We can forgive this one caveat because, as Canadians, we have eChecks for that, and there’s simply nothing better than eCheck for online casino deposits.
Later on in this article, we’ll tell you how to collect a payout from eCashout casinos (or JUMP to that section now). First, we’ll quickly cover all the reasons why you should.
5 Reasons to Use eCashout Withdrawals
The short and sweet version – eCashouts are fast, free, easy to use, always reliable, and compatible with absolutely every bank in Canada. We could leave it at that, but as they say, the proof is in the pudding. So we’ll go into more detail on each of those stellar features.
Payments Arrive Quickly
eCashouts facilitate through a process known as Automated Clearing House System; ACH for short. ACH was considered a fast payment option a few years ago when it took up to 24 hours for the money to arrive in your bank. Today, through the wonders of digital technology, ACH payments are instant. The moment an online casino approves your payout, the money appears in your bank account.
Note that online casinos don’t process cashouts instantly. Most require a 12-48 hour pending period to review before processing the payment. A few will do it in as fast as 1-2 hours. However long that takes, you can expect your eCashout withdrawal time to be instant thereafter.
eCashout is Free!
That’s not a typo, ladies and gentlemen – eCashouts don’t cost you a thing! How could this be? Because the parent company, Gigadat Express Connect, collects a small base fee from the merchants who support it. The only fees you may incur would come from your bank or your online casino. It’s rare either would pass such nominal fees on to their customers, but still, something to watch out for.
Simple to Use
Requesting as eCashout is a painless process. All you need is your name, bank account number, and your bank’s routing info. With direct deposits and eCommerce being so widespread today, that last bit of information is easy to find.
Most banks post their ABA/Swift code (routing number) directly on their website. If it’s not visible on the front page, there’s probably a link to it there. It also appears on paper cheques. If all else fails, you can always call your bank and simply ask for it.
Reliability
Not much to say here except that eCashout payment just work. So long as your information is provided correctly, and the requested funds are available for transfer, they always work.
Available to All Canadians
Last but certainly not least, eCashouts are available to anyone and everyone with a Canadian bank account. It doesn’t matter if it’s a government bank, chartered bank, credit union or trust. Every financial institution like BMO is capable of receiving ACH transfers. Thus every financial institution will accept eCashout payments, provided it has offices in Canada.
How to Collect Winnings from eCashout Casinos
We’ve touched briefly on this topic already, but here’s the full version. To cash out winning from an online casino with eCashout, follow these basic steps:
- Log into your online casino account and make your way to the banking section.
- Choose to make a withdrawal, selecting eCashout as the preferred method.
- Follow the instructions, providing your personal and financial information:
- Your legal name, as it appears on your bank account;
- Your bank’s combined transit number and institution number (i.e. routing number);
- Your bank account number;
- Enter the amount you wish to withdraw.
- Double-check that all the information is correct, then submit the payment.
That’s all you have to do. The online casino will then review the payment and if everything checks out, process it. At that very moment, the eCashout takes place, immediately sending the funds to your bank account.
Ontario Casinos that Support eCashout Withdrawals
Perhaps the most surprising thing about eCashout withdrawals is how few iGO-licensed (i.e. legal in Ontario) gambling sites have chosen to integrate the system into their payment options. Early on, LeoVegas was the only Ontario mobile casino promoting it. And we’ve heard reports of folks using it for Play Ojo as well. However, we won’t recommend these two brands here, for eCashout specifically, because we’ve heard reports of cashout issues on reddit. As per these threads:
[Avoid] PlayOjo eCashout difficulties/confusion as per:
Play OJO eCashout Ontario
byu/ASU-Ad6704 inOnlineCasinoGambling
[Avoid] LeoVegas Slow eCashouts and Complaints
As per https://www.casinomeister.com/forums/threads/ecashout.99128/. And Reddit:
Difficulty Withdrawing from LeoVegas in Canada?
byu/thekaralea inonlinegambling
Our team at eCheckCasinos.ca was able to confirm three iGO-licensed operators supporting this particular payment method that we can recommend.
The 3 Best eCashout Withdrawal Casinos in Canada:
- Betano
- Come On
- Casino Days
1) Betano eCashout Review
Betano offers a user-friendly interface and a wide range of betting options, including sports and casino games. The platform is accessible via both desktop and mobile devices, with dedicated apps available for Android and iOS. Betano ensures a secure and regulated gambling environment, adhering to the guidelines set by iGaming Ontario. The site is exclusively available to residents of Ontario who are at least 19 years old and provides a seamless registration and verification process to enhance user experience.
Does Betano Accept eCashout ? Yes, Confirmation from service representative (click for high res on mobile)
The Betano eCashout Withdrawal Process Step by Step
About The Wizya Verification Process needed for eCashout
About The Betano eCashout Withdrawal Times and Max Withdrawal Limits
Betano eCashout Recap
The timeframe for eCashout withdrawals is 1-4 business days, depending on your banking institution, but it is usually on the lower end. The maximum daily withdrawal limit is $9,999. And the minimum withdrawal amount for eCashout is $10.00. If your iGaming site takes significantly longer than 1-4 days, we do not recommend using them. Note that to use eCashout at Betano the deposit will have to be made by Gigadat’s Interac, according to the support agent, because the deposit and withdrawal methods need to the same. This is part of their Closed Loop Policy to mitigate fraud. Additionally, players will need to go through the Wizya verification process.
2) Comeon Casino Ontario eCashout Review – Lightning Fast
ComeOn Casino is a popular online gaming platform available to players in Ontario, Canada. It offers a wide range of casino games, including slots, table games, and live dealer options. The casino is known for its user-friendly interface, secure transactions, and various payment methods, including eCashout.
Does ComeOnCasino Accept eCashout ? Yes, Confirmation from service representative
ComeOnCasino eCashout Speed Confirmation.
ComeOn Casino eCashout Recap
ComeOn Casino stands out for its fast eCashout processing times, often quicker than many competitors in the Ontario market. This makes it a preferred choice for players looking for efficient and reliable withdrawal options.
Differences Between eCashout (Nuvei/Gigadat Express Connect) and eCheck for Withdrawals
eCashout (Nuvei/Gigadat Express Connect):
- Processing Time: Typically 1 to 4 business days.
- Availability: Available to anyone with a Canadian bank account, including government banks, chartered banks, credit unions, and trusts.
- Fees: Generally free of processing fees, though your financial institution may apply fees.
- Convenience: Requires only basic banking details (transit number, institution number, and account number) for transactions.
- Usage: Supported by a limited number of iGO-licensed operators in Ontario, but known for its speed and reliability.
eCheck:
- Processing Time: Can vary, but often takes longer than eCashout for withdrawals.
- Availability: Also accessible to anyone with a Canadian bank account, but not all online casinos support eCheck withdrawals.
- Fees: Typically free, but this can depend on the casino and the financial institution.
- Convenience: Requires similar banking details as eCashout, but the process can be slower and less consistent.
- Usage: More commonly supported for deposits rather than withdrawals at many online casinos.
In summary, while both eCashout and eCheck are reliable methods for withdrawing funds from online casinos, eCashout tends to offer faster processing times. As such, it is increasingly favored for its efficiency and ease of use. However, its availability is more limited compared to eCheck and it is mostly used for withdrawals.
eCashout Alternatives for Players in Ontario
For players in Ontario seeking alternatives to eCashout for online casino withdrawals, several reliable options are available:
1. Interac e-Transfer:
- Processing Time: Typically 1 to 3 business days.
- Availability: Widely accepted at most Canadian online casinos.
- Fees: Generally low or no fees, depending on the casino and financial institution.
- Convenience: Easy to use with just an email address and bank account.
2. Bank Transfer :
- Processing Time: Usually 3 to 5 business days.
- Availability: Supported by most online casinos.
- Fees: May incur fees depending on the bank and casino.
- Convenience: Requires bank account details; secure and reliable.
3. eCheck:
- Processing Time: Typically 3 to 5 business days, but can take up to 7 business days.
- Availability: Accessible to anyone with a Canadian bank account, though not all casinos support eCheck withdrawals.
- Fees: Generally free, but this can depend on the casino and the financial institution.
- Convenience: Requires basic banking details; secure and reliable.
4. PayPal:
- Processing Time: Instant to 1 business day.
- Availability: Supported by many online casinos.
- Fees: Typically fees are incurred depending on the transaction.
- Convenience: Requires a PayPal account; secure and widely trusted.
5. Credit/Debit Cards:
- Processing Time: Typically 1 to 3 business days.
- Availability: Accepted at most online casinos.
- Fees: May incur fees depending on the card issuer and casino.
- Convenience: Easy to use with card details; secure and widely accepted.
These alternatives provide a range of options for players looking for efficient and secure ways to withdraw their winnings from online casinos in Ontario. Each method has its own advantages and potential drawbacks, so players should choose the one that best fits their needs and preferences. We refer you to the following pages for a more comprehensive set of Ontario payment options and a complete list of popular e-wallets for Canadians.
Handy Table For Comparing Withdrawal Method Speeds
| Payment Method | Processing Time | Min. Amount | Max. Amount |
|---|---|---|---|
| PayPal | Within the day | $10.00 | $5,000.00 |
| eCashout | 1-4 business days | $10.00 | $9,999.00 |
| Credit/Debit card | 2-5 business days | $10.00 | $50,000.00 |
| Apple Pay | 1-4 working days | $10.00 | $5,000.00 |
Source: https://betanoon.zendesk.com/hc/en-ca
Bottom Line on eCashout As A Banking Feature
eCashout at select iGaming brands offering the feature can be very competitive in terms of cashout speed. Only Paypal seems to be quicker. Also eCashout limits are typically higher than both Paypal and Apple Pay which makes it the preferred method – that is, if you need less than 10K a day in withdrawals. If you’re cashing out a jackpot in excess of 10,000 usd, then you are better off using credit and debit card cashouts or bank transfer/eCheck.
