Do Casinos take ACH?
ACH (Automated Clearing House) is a bank-to-bank payment method. The payments made via ACH go through the ACH network and not through other cards network such as Visa. ACH is what you can refer to as an eCheck with two main categories of payments: Direct deposit and direct payment options.
US Online casinos offer players an opportunity to do ACH transactions. Casinos can use the network to wire your winnings straight into your bank account, at your request.
How to Use ACH Transfer to Make casino Transactions
You can make casino deposits and payouts using the ACH option. We will guide you on the basic ways you can use ACH to make casino transactions. Using ACH to make online casino transactions is easy. Anyone who has used online banking before can do it without a hassle.
Making Casino Deposits Using ACH
- Login or sign up to an online casino site
- Select the cashier or payment option, and select deposit
- Choose ACH as a deposit option
- Fill in your banking information and the amount you wish to deposit
- Provide proof of identity and your signature
Making Casino Payouts Using ACH
- Login to the online casino
- Go to the cashier or payment
- Select the payout tab
- Fill in the amount you want to withdraw and select eCheck or ACH
- Enter your personal banking details
- Your funds will be processed and might take up to 5 banking days to reflect in your account
Advantages and Disadvantages of using ACH Transfers
Advantages of ACH
- It is a secure and convenient payment option
ACH transactions are trusted throughout the US, and you don’t even need a third party to complete your transactions. This payment option can be used anywhere you are, as long as it is in the US.
- There is no third party involved
All you need to make transactions using ACH is the banking details of the party you want to send money to. If you want to withdraw money from your casino account, for example, you can do that on the casino site. You will only have to enter your banking details on the casino site, and your data remains secure.
- Allow for transaction reversal
Another noteworthy advantage of using ACH is that, unlike bank transfers, for example, you are able to reverse transactions. If you deposit more money than you intended into your account, you can reverse it.
Disadvantages of Using ACH
- ACH is only based in the United States
If you want to play at casinos outside the US, you might not be able to use ACH. You will thus only be limited to playing at casinos based in the United States if you prefer ACH for transactions.
- You might have to load pay a fee to use this transaction
ACH payouts from casinos might charge you up to $50. Whilst some casino payment options are often free to use depending on the casino site. ACH is, however, still considered cheaper by other customers.
- Payments can take up to five banking days
Payments made via ACH can delay for up to 5 banking days. If you wish to use the money instantly, then this payment method is not an option to go with.
ACH or eCheck is a popular payment option. This payment method has been used since the 1970s, which means it is a trustworthy payment option. It is, however, important to weigh the available banking options offered by casinos before selecting. Although ACH is safe and dependable, this payment option will usually take you more time to process than others.
