Betting with cheque

Betting with cheque

Cheques are a fairly outdated means of making payments to  online betting sites. In comparison to faster, electronic options, writing a cheque takes a long time to travel, be processed and then finally applied to your account. However, for those who prefer to use them, there are a few bookmakers who will accept cheques as methods of payment.

A cheque is quite easy to use to fund  online bookmaker accounts as long as you have experience filling them out. You first need to make sure that the correct name of the company is addressed on the receiving line of the cheque. It is also important to add the word "only" following the amount. This will prevent unscrupulous persons from adding extra zeros, thereby altering the amount intended. Bookmakers recommend that you also write your betting account number on the back of the cheque to make for easier processing. It is always a good idea to include a cover slip or written note along with your cheque in the envelope. UK users are encouraged to include their cheque guarantee card, even after having written the number on the back of the cheque. Once all the relevant information is present, the cheque may be mailed off to the bookmaker.

While filling out and preparing a cheque is quite simple, users have to endure a long wait time for transit and processing. Through the regular postal system, a letter may take 2 to 3 days to arrive at the bookmaker's location. It may then be about 2 more days before it is processed by the accounts department. Following that, you may still have to wait another 3 to 5 business days for the money to be applied to your betting account. Withdrawals using a cheque can take between 3 and 28 days, depending on the bookmaker.

Owing to the fact that cheques are not an online method of payment, the security risks involved with electronic payment methods do not apply. However, there is a certain amount of vulnerability with this method, as interlopers can get quite a bit of information from your cheque. This includes your name, address, account number as well as your cheque guarantee number. For these reasons, it is suggested that users place the cheque between slips of paper within the envelope to prevent anyone from obtaining information by holding it up to the light.

No fees are charged by neither the bank nor the bookmaker for using a cheque as a method of payment. Users are also eligible for sign up bonuses and promotions with cheque betting.

Online Betting Sites That Accept Cheques

1)  Bet365.com

2)  Ladbrokes.com

3)  William Hill

You can find a detailed list of cheque friendly online bookmakers in the following link:  Online Betting Sites That Accept Cheques