Online casinos with eCheck are in high demand in 2021 because this is the first Internet payment solution that will make it possible for people to make secure online transactions. ECheck or Electronic Check is an advanced online payment scheme that empowers its users with the opportunity to transact business without the need of having a bank account. ECheck is a digital currency like credit card or debit card that can be verified and processed by online casinos as well as e-commerce merchants. The eCheck concept was conceptualized by Brad Callen, who is the CEO of the World Wide Web Foundation. Mr. Callen believed that the Internet has the power to unite people from different backgrounds and communities.
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The implementation of eCheck in online casinos is expected to create more opportunities for online merchants and consumers. With this payment scheme, online gamblers will no longer be required to provide any form of identification such as social security number, phone number or address in order to pay for the purchase of tickets or lottery tickets online. For most of the time, the only factor that was necessary for payment of online casino gaming is a credit card or eCheck. It would not take too long before all online gaming establishments will adopt eCheck as their new method of payment for successful transactions. The eCheck will also help in reducing the chargebacks and processing of payments, thereby making online gambling more convenient and safe.
In a survey conducted by the Information Technology and Communication Management Association (ITCMA), it was found that eCheck is more preferred by eCommerce merchants than traditional payment gateways. This means that more online gamblers will turn to online casinos in order to make secure and convenient purchases. However, online casinos are still apprehensive about introducing eCheck because of several disadvantages such as high cost of implementation and its potential for fraud. There are also some concerns whether eCheck will replace conventional methods of payment.