If you’re an online casino player in Canada, there are plenty of options for you to get your money in and out in terms of banking. There’s Interac, crypto, bank wires, e-wallets, and many more. One method that is gaining traction is eCashouts.
Powered by Nuvei, these allow you to connect to an e-wallet when you need to deposit or withdraw. I tried this method out myself, so here’s a look at the pros and cons of using this online payment platform.
My First Time Using eCashouts for Casino Withdrawals
I signed up at MyChance a couple of years ago, played for a while, and then wanted to withdraw my winnings. When I came to it, there were numerous options for me, but I am always up for trying something new (in terms of banking methods), and I thought it would be quick and painless. To be honest; I wasn’t thrilled with it.
The pros and cons of using the eCashouts payment method
Here’s the short of what I liked and what I didn’t and why.
The benefits
One upside is that it was easy to process the withdrawal once the e-wallet account was set up. Another was that the withdrawal processed instantly.
The disadvantages
On the downside, I had to set up a separate e-wallet. Plus, cryptocurrency and other payment methods are faster and easier. I only really used the e-wallet for this one-use case.
Is There an Advantage to Using eCashouts?
Overall, my feelings were that if this were the method you wanted to use, you could definitely go for it. It’s not a real issue.
You create an account, verify a few things, and then you’re set to transfer back and forth. The challenge is that with eCashout, I only really used it for one thing – online casino withdrawals – and it required me to set up a separate account.
For example, if I set up a Coinbase account for crypto, I’d be able to use that for this task – withdrawing and sending money to online casinos – as well as many other things (like buying things online and sending other people money). It’s the same with PayPal or Interac – it’s basically already set up, so you don’t have to do anything. eCashout was just another account that I had to open up, and in the end, I felt it wasn’t necessary.
Comparing eCashout To Other Casino Banking Methods
Having a look at how eCashout compares to other methods, it’s pretty clear that it’s in the middle of the pack. If you’re not willing to go down the crypto road (there can be a bit of a learning curve) and you don’t want to use Interac. Then, eCashout could work for you. For most other people, though, the other two are better options.
| Method | Processing Time | Fees | Ease of Use |
|---|---|---|---|
| eCashout | 1–4 Days | Varies | 7/10 |
| Interac | Within 24 hours | No hees | 9.5/10 |
| Neteller | 1–4 Days | Varies | 7/10 |
| Crypto | Within 24 hours | No hees | 8/10 |
Would I Use eCashout for Online Casino Withdrawals Again?
It feels like alternative payment method isn’t useful enough across other platforms, or spaces around the web to make me want to use it again. It works with eCashout casinos, but so does Interac and crypto. I can use the latter two in many other ways; with the former, I basically have to create an account for only this one purpose.
What’s more, if you look at gaming sites that have eCashout Canada, it’s mostly just for withdrawing, so you can’t even deposit using this method. A lot of gaming sites will often stipulate that you have to withdraw using the same method you deposited with, which is why this option isn’t available at so many shops.
My final verdict
Overall, I probably wouldn’t recommend using this payment provider unless it’s your only option. There are many better methods to deposit and withdraw at online casinos. I would definitely recommend Interac first and foremost, because there’s virtually no setup, since everyone has already used it.
If you have to set up something new, set up a crypto wallet and use that as your banking method going forward. That’s the future; eCashout feels a bit like a relic of the past.
