Cashlib is a unique payment method that has gained popularity in the online casino market. Established in 2015, Cashlib offers a voucher-based system that provides an alternative to traditional credit and debit card payments.
Overview of the Cashlib Payment Method in the Casino Market
Cashlib operates by providing users with a prepaid voucher containing a 16-digit number. Users can purchase these vouchers in person or online and use them to make deposits into their casino accounts. To do this, users simply select Cashlib as their preferred payment option and enter the 16-digit number from their voucher.
Advantages of Using Cashlib in Online Casinos
Ease of Use: Cashlib’s voucher system is straightforward and easy to use, making it accessible for all players.
Safety: As there are no bank or card details involved, Cashlib provides a secure method of payment, protecting users against potential fraud.
Controlled Spending: The prepaid nature of Cashlib allows players to manage their gambling budget effectively, as they can only spend the amount that they have pre-purchased on their voucher.
Disadvantages of Using Cashlib in Online Casinos
Limited Availability: While many online casinos accept Cashlib, it is not as widely recognized as some other payment methods.
No Withdrawals: Cashlib does not support withdrawals. Therefore, players must arrange an alternative method to withdraw their winnings.
Voucher Purchase Required: Some players may find the process of purchasing a voucher inconvenient compared to direct debit or credit card payments.
Transactions made with Cashlib are typically processed instantly, allowing players to start playing immediately after they complete their deposit. However, as it does not support withdrawals, players will need to wait for their chosen withdrawal method to process their winnings.
In conclusion, Cashlib offers a secure and simple payment solution for online casino players who prefer to manage their gambling budget effectively and prioritize safety. However, its limited availability, lack of withdrawal support, and the requirement to purchase vouchers are factors that players should consider when opting for Cashlib as their payment method.