E-Cash is a technologically advance method for players to transfer money into their online casino accounts. eCash was started by Stevhen Tigong and Gary Tilip in order to help people access an electronic cash method that was completely anonymous. This technology allowed users to make a number of transactions without actually being traced.
E-Cash is now the generic name given to most third party e-wallet services that are available on the Internet. There are a number of such services, and using them to make deposits into an online casino account is very simple. They are all prepaid cards, which means that users can maintain a level of anonymity when operating these E-Cash accounts, which is very helpful for many online gamblers who do not wish to divulge details to an online casino.
How does E-Cash Work?
E-Cash is based on a very simple premise. When the player deposits money into the E-Cash service, then he/she can use the money deposited to conduct a number of online transactions without revealing information to the vendor. This has made it very popular among people from around the world, especially for use when gambling online.
The way that E-Cash works is relatively simple. Users simply register on the website to open an account with the E-Cash provider. This account involves entering some personal details and is subject to approval. The approval and activation process for E-Cash usually takes a few minutes, since they do not need to verify financial details. Once the account is approved, the user can then make deposits.
In order to make deposits, there are a number of options available, including credit cards, other e-wallet services, other E-Cash accounts and even bank transfers. Making a deposit is fairly simple; however sometimes there is a fees that is charged in order to make the deposit, depending on the method that is used. The money that is present in the E-Cash account can then be used for various purchases online.
In order to make a casino deposit, the player simply has to log in to the casino account, and click on the E-Cash payment method of their choice. They will be then required to enter a username and password along with the amount that they wish to deposit. The withdrawal process from a casino account is also similar.
Withdrawing from an E-Cash account back to the credit/debit card or bank account is also possible. These transactions are also chargeable, and depending on the kind of service and the amount to be withdrawn, the fees are calculated.
E-Cash Pros and Cons
There are a number of advantages to using E-Cash for online casinos. The most important advantage is that the threat to fraud and identity theft is greatly reduced thanks to the fact that E-Cash does not require many personal details to be entered. Other advantages include the ability of US players to use E-Cash and the speed and ease with which the transactions are completed.
The main disadvantage of using E-Cash is that it can prove to be a little expensive, because of all the fees and charges involved.
Bingo Rooms that accept E-cash: