The return of eChecks on PokerStars

[4thstreetpete]

Did Pokerstars set up their own bank? If every site had this echeck thing it would be a snap to deposit/withdraw funds. Good times are here again! [img]/images/graemlins/smile.gif[/img]

[Sean Fraley]

I noticed that most of the people who got this (including me) are from lower limits. This is probably offered to American's with smaller bankrolls and therefore more likely to be at lower stakes. Since depositing is more difficult at the moment, it is more difficult for American fish to keep putting in money to play (in other words lose) at higher stakes cash games and the tournaments with more expensive buy-ins. Since this is the group that fuels most of the economy at a poker site, it would make sense to offer eCheck to this group first.

[swityak11]

I'm definitely in the small stakes casual player group but I haven't deposited PokerStars in over a year. I'll definitely deposit more though just so I can withdrawal via this method.

It seems very convenient.

[whangarei]

Ha anybody tried to withdraw using E-checks. If that works it's essentially a replacement for Neteller for Stars players, which would be friggin awesome [img]/images/graemlins/grin.gif[/img]

[THAY3R]

Doubt you can withdrawal with Echecks. It's just a more efficient way of you sending them a check : They create a "check" in your name with your bank account and then take the funds from your account that way. Bodog has the same thing.

To cashout out they will still have to send you a check and have you deposit it.

[soah]

[ QUOTE ]
Doubt you can withdrawal with Echecks. It's just a more efficient way of you sending them a check : They create a "check" in your name with your bank account and then take the funds from your account that way. Bodog has the same thing.

To cashout out they will still have to send you a check and have you deposit it.

[/ QUOTE ]

You could do it before under the exact same system.

Since for some reason they won't actually mail checks to me, this would be a huge improvement over having to pay for wire transfers.

[THAY3R]

How was it the same?

Before, Neteller/PP IGMPAY would do direct deposits and direct withdrawals.(EFT's) This is different. This is them creating a check in your name and then withdrawing off that from your bank account. They can't deposit a check into your account for you.