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eCheck is a digital version of a paper check and is also known as an electronic check, online check, internet check.
eChecks use the Automated Clearing House (ACH) to direct debit from an online casino player´s account into the player´s bank bank with the help of a payments processor. The ACH operator sorts the fund request and settles the funds into your bank account.
eChecks are transmitted electronically, making transactions quicker, safer and easier. eChecks take less time to process than paper checks. Fees can be as low as 10 cents per transaction.
Shortly: an eCheck is a type of electronic funds transfer (EFT) that uses the Automated Clearing House (ACH) network to process the payment. With an eCheck, the money is electronically withdrawn from the p(l)ayer´s account, sent via the ACH network to the receiver⁄player’s banking institution, and then electronically deposited into the payee⁄receiver⁄player´s account. This is all done similar to paper check processing, just electronically.
Cashback Bonus is a way for the online casinos to thank players for their loyalty. Simply said: the casino gives the players part of their money back in cash. This sort of bonus will vary from one casino to another.
A cashback is given in the form of cash or credits to use again at the casino. They are almost always free of wagering requirements.
An online cashback bonus differs from a welcome bonus in the fact that these bonuses are granted only to the most loyal players. The bonus could be awarded either once a week or once every few weeks paid out as cash or credits.
Usually, the range of a casino cashback goes from 5% to 20%. So, the more money you play, the more cashback money you can receive.
In general, casinos grant these type of bonuses only to loyal gamblers who have shown a high activity in their accounts.
The way cashbacks work depends on the casino. As a general rule, you will have to spend a large sum of money before claiming a cashback bonus.
In some casinos the cashback program is automated, at others you have to request it yourself by going to the casino cashier or contact customer support, or your VIP Account Manager.
Check if there is a cap on your cashback bonus offer. Read the terms and conditions as each casino has its own rules. In some casinos the cap is as low as $100 per month but others will allow you to make more money in cashback.
TIP! Make sure you get your cashback frequently, some casinos only offer them on a one-time basis, or once per day, once a week, once a month, etc.
Cashback bonuses are often calculated by taking a percentage of net losses in a specific period of time. Meaning, you only get the bonus if you have a net loss during this particular time frame.
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For more detailed info, read this article too.
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