CASHlib, a prepaid voucher, was established in the United Kingdom by EmpCorp in 2015. France and the Netherlands use the payment method extensively. It can be used to make purchases at more than 150 thousand establishments across Europe. With CASHlib betting sites, players can conceal their wagering from the eyes of the law. Also, the voucher can be used to make deposits without the need to open an account.
Since CASHlib is a rapidly expanding payment method, more and more bookies have begun to accept it. Following this brief introduction, you will find more detailed explanations of how to bet on sports using a CASHlib voucher, including:
- An up-to-date (2022) list of CASHlib bookmakers
- How to use it when betting online
- All the pros and cons
The advantages of betting with CASHlib bookmakers
Bettors have found that prepaid vouchers are a convenient way to fund their accounts at online bookmakers. With CASHlib, you get more than just a voucher. You can hide your betting history and better manage your bankroll with CASHlib sportsbooks. Some additional benefits:
- A CASHlib deposit will be processed quickly and the funds will be available in your betting account right away. CASHlib makes it easy to bet on sporting events in real time while providing a secure and quick means of depositing funds.
- Using CASHlib to make deposits allows players to conceal their gambling activities, which is one of the service’s main selling points. No personal information is required for voucher purchases, whether made in person or online.
- Many gamblers prefer deposit methods that don’t require them to first create an account and remember yet another set of login credentials. This option is available at sportsbooks accepting CASHlib payments, and a CASHlib account is not required to place a wager.
- Maintaining financial discipline while betting with CASHlib is made easier. It can’t be reloaded because it’s not linked to any other form of payment. The voucher’s face value is all you have to spend.
- You don’t have to use the voucher right away. Seven different vouchers are available to bettors, ranging from $5 to $250 (EUR and USD) and £10 to £200 (GBP). Buying a voucher, however, does not obligate you to use the full voucher value. CASHlib voucher balances are viewable on the website, so you can use the money you have now or save it for later.
- All CASHlib bookmakers provide their customers with a welcome bonus. In most cases, players are eligible for every new promotion and offer.
Flaws that manifest when using CASHlib as a betting tool
CASHlib, like any other payment method, has some disadvantages. Some of these include limited withdrawal options and a refusal to accept cryptocurrency deposits. Even more narrowly:
- Since CASHlib is still relatively new to the gambling industry, not many betting sites will accept deposits made with it. It’s possible that CASHlib bookmakers will be easier to come by in your country than those of other regions’ bettors.
- As of now, CASHlib is not available in a wide variety of countries. Thus, it is possible that you will not be able to purchase a voucher in your area, even if you do find a bookmaker that is willing to accept it.
- No cash outs are permitted at Cashlib bookmakers. Thus, players will need to resort to an alternative approach, which may incur additional costs.
- The bettor cannot purchase a voucher using any cryptocurrency, and the site does not accept cryptocurrency deposits. You can buy a voucher at a retail location using cash or a debit/credit card, or you can buy one online using any of those same methods plus your bank account, PayPal, Neteller, or Paysafe.
- Voucher expires after 12 months: Users aren’t required to use the entire amount at once, but the voucher’s value will be null and void after 12 months from the date of purchase.
- One major drawback of CASHlib is the €2.50 monthly fee assessed to your voucher balance if you don’t spend the full available amount within that month.
After weighing all the benefits and drawbacks, you may be wondering if it is legitimate to use CASHlib for your deposits. In addition, we will explain the various deposit methods, whether or not withdrawals are possible, what fees may apply, and how CASHlib compares to other forms of payment.
Is it safe and legal to gamble using CASHlib?
The Luxembourgish firm EMP SERVICES SA is the owner of Cashlib. Sureswipe EMI PLC is the parent company, and it is an electronic money institution authorised to issue electronic money by the Central Bank of Cyprus in accordance with that country’s Electronic Money Law of 2012. It is perfectly legal to use a CASHlib voucher to make a deposit at a CASHlib bookmaker.
A CASHlib voucher provides you with a one-time use code that must be entered at the time of deposit for added security. Your transactions are protected by the Financial Service Authority’s eMoney licence, which is issued to the company by the UK’s Financial Service Authority with the exception of the Central Bank of Cyprus.
How to deposit on CASHlib bookmakers
Methods of making deposits at CASHlib bookmakers and the various ways of wagering on political outcomes With a CASHlib voucher, making a deposit is quick and easy. Since your betting account supports CASHlib, you need only do the following:
- To begin betting, sign up with the online bookmaker of your choice.
- To make a deposit, select the “Deposit” menu.
- To use CASHlib as your chosen method of payment, click here.
- Just type in the sum you wish to pay in here.
When finished, you’ll be taken to the CASHlib site to redeem your voucher’s unique 16-digit code. As was previously mentioned, it is not required that you deposit the full voucher amount. Once you’ve entered the code, click “Deposit,” and the funds will be available in your CASHlib bookmaker account immediately.
Are there any CASHlib betting sites that allow withdrawals?
Since CASHlib, like most other prepaid vouchers, doesn’t support withdrawals, winners from CASHlib betting sites will need to find another method to cash out their winnings. Many options exist, but some may charge you more than others depending on your bookie or the laws in your country or region pertaining to money transfers for online gambling. Payouts should be requested via a wallet service like Skrill, Neteller, or Sticpay.
Bank transfers and debit/credit cards are always options, but the fees associated with them may make offshore bookies unattractive. A bookie’s security policy may require you to withdraw funds using the same payment method you originally used to deposit.
Limits and Charges
No service fees will be applied to your deposits at CASHlib sportsbooks. However, there may be additional costs associated with the purchase of your voucher. These supplementary costs also vary by location. If you are a Belgian bettor and would like to purchase a CASHlib voucher from beCHARGE, the fees will range from €1 for a €10 voucher up to €2,5 for a €250 voucher, depending on the amount of the voucher you purchase.
Concerning restrictions, the lowest denomination voucher accepted is €5, which means a minimum deposit of that amount is required. Since it is possible to combine up to four vouchers per day, the maximum deposit could be as high as €1,000.
CASHlib compared to other payments
When compared to other forms of monetary exchange, CASHlib is a
It’s true that CASHlib is a convenient method of deposit for gamblers. However, it is not widely accepted by bookies, so it is important to have a backup.
CASHlib vs. Paysafe
When it comes to online gambling, Paysafe is the most well-known voucher. In the year 2000, the business was established in Austria. Paysafecard’s instant payments, worldwide acceptance, and lack of transaction fees make it a great option for online gambling. There are some drawbacks to using Paysafecard at online gambling sites. The maximum amount that can be spent in a single day is €250. In addition, a €3 monthly fee will be added to your account starting on the seventh month.
CASHlib vs. Neosurf
Gamers also frequently use Neosurf, another prepaid voucher option. There are many advantages to using a Neosurf betting site, including the ability to remain anonymous while gambling, making quick and secure deposits, and enjoying a high level of protection for your financial information. However, after six months from the date of purchase, there are withdrawal limits and an inactivity fee applied to your voucher.
Skrill vs. CASHlib
Skrill is the most popular payment method for online casinos, and we discuss why. Players can bet anonymously in their local currency using Skrill bookmakers, who offer instant deposits and withdrawals. Skrill is widely accepted by bookmakers, and its mobile app is a breeze to use. Bettors in the European Union can get the most out of their money with a Skrill prepaid Mastercard. Skrill has its drawbacks, but so do all other payment methods. The ability to redeem bonuses and promotions is one area where Skrill bookies fall short in comparison to CASHlib gambling sites.
Can we trust CASHlib as a betting option?
Generally speaking, CASHlib is a major choice for making deposits and withdrawals when gambling online. Its strongest points are its anonymity, speed, and security in processing deposits. Players can easily manage their funds and spend the voucher’s balance whenever they like. However, in many regions, the payment method is not yet available, so players cannot withdraw their winnings.
Finally, CASHlib is a great choice for those on a tight budget. The absence of deposit fees is a major perk. However, it’s tough to get past drawbacks like the low daily deposit limit and fees that vary based on where you buy your voucher. In light of this, we suggest that high rollers use alternative online payment methods like Skrill or Sticpay to get the most out of their betting.
Frequently Asked Questions
How about my country? Does CASHlib work there?
The payment method is currently unavailable in a large number of countries. Players from Germany, Great Britain, Belgium, Spain, France, Greece, and the Netherlands can use CASHlib to place bets.
Can I get money out of CASHlib gambling sites?
Withdrawal is currently unable to be processed. The players must come up with an alternative to the current payout process. Electronic wallets like Skrill and Neteller are the best choice here.
Can I use the voucher more than once, or is it a one-time deal?
One of the best features of the CASHlib voucher is that you can spend the money on it whenever you like for a whole year. After that time, no additional funds will be available.
Do I need to sign up for something?
Players are exempt from signing up for an account with Cashlib because it is a prepaid voucher. To make a deposit using it, all you have to do is fill in the 16-digit code printed on your voucher.
Could I buy a CASHlib voucher with my cryptocurrency wallet?
Unfortunately, CASHlib does not support the use of cryptocurrency from crypto wallets to fund betting accounts. You can pay for your online voucher with a credit card, bank transfer, or e-wallet services like Paysafe and Neteller.
Does CASHlib offer help for users?
In case you run into any problems or have any questions, the site’s FAQ section is there to help you out. There is a customer service email address you can use if you’re still confused about how it all works.