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.
What Is an eChasout?
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 eChasout 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
eChasouts 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 eChasout 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 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 Onario mobile casino promoting it. Today, we’re unable to confirm any iGO-licensed operator supporting this particular payment method.
