Although cheque payments may be the least convenient way to manage an online account, there are still many people who prefer cash to payment.
While cheques are becoming less popular as a payment method, especially online, there are still a few bookmakers that will accept and process cheque payments. The table below shows the list of bookmakers that do this.
Cheque Online Race & Sportsbook Handicapping Sites
The two greatest advantages to using a cheque for your deposit are its high-quality safety rating and inability to be rejected like a credit card transaction. A cheque deposit is the same as cash transactions between you and the book. Money will be able to get into your betting account easily. You can’t have anyone cashing the cheque or stealing the information because you have all the details on the cheque. This high level security appeals to those who want to fund their betting accounts in a more traditional way.
Clearly there will always be a place for depositing/withdrawing money via cheques at sportsbooks, but it’s something that a bettor really has to plan out and be ready for delays if they go this route. This method is popular because it offers security and safety, which will be continued to be accepted by most traditional bettors.
There are many disadvantages to using cashier’s or cheques as a deposit method. One of the biggest is how long it takes to process a transaction using a cheque. The bettor must go to the bank to write the check and send it to the book. It could take up to 10 business days for the check to arrive via regular mail. Once the check has been received, the sportsbook will process your funds. Today’s fast-paced world is making it difficult for bettors to place bets with their money using the cheque method. This is even if they use express shipping services which can take 2 to 3 days.
It can take up to 28 business days for cheques to be deposited into your sportsbook accounts. This depends on where you live in the world. Minimum deposits can sometimes reach $2,000. Cashier’s cheques and instant eCheques are the two most accepted types of cheques today. Sportsbooks won’t accept personal cheques unless they are contacted and agree on terms.
Withdraw your cheque
Although it is possible to withdraw this way, it can be difficult. It can take several months for a withdrawal to be processed by some sportsbooks and casinos. Sportsbooks may charge between $20 and $50 for a cheque that is used to withdraw money. Sportsbooks often offer one free check withdrawal per month.Last Updated on October 2, 2021