When looking for payment methods to use across online casino sites, you’re probably searching for the option that would provide you with safe yet convenient transactions, which would require as little information about you as possible.
And while such payment methods exist, it would take ages for you to find the one that suits you most, as countless of choices are at your disposal. To put you out of your misery, we've decided to present to you two payment solutions to consider, which would give you what you want, CASHlib and eCheck. The question is, why use CASHlib or eCheck as your online casino payment methods?
CASHlib and eCheck – An Overview
As introduced, CASHlib and eCheck are methods that could suit you as they offer perfectly safe and convenient transactions across online casinos. The beauty in these two solutions is that you won’t need to put much effort into getting started with them, using them and finding them across online casino sites. They are quite popular among players, even though one is available only to a limited group of players, while the other one is available to all.
CASHlib…
…is the one that has limited availability. It is only available in a number of European countries (and overseas regions of those countries) and that’s it. But precisely for this reason, it is one of the most popularly used solutions by European players. It was first launched in 2015, so it does not have a long history. However, it has done a lot for online casino players in such a short time.
It is a voucher system…
…that has filled the void on the market when needed the most, considering many popular prepaid cards were cancelled at the time it appeared. In lack of other options, players started using it as it was a solution that provided them with the privacy they needed. When you purchase the voucher, all you need to do is pay for it and that's it. You don't need to share any personal information about yourself. You receive a code that you would later use as your ID and that's it.
When it comes to purchasing it…
…you have two options. You can either buy it offline or online. That’s right. Contrary to most voucher systems which can only be purchased at land-based stores, you can buy CASHlib online, too. This is one of its strongest suits. The trick is, however, even though available in several countries, you can purchase it online only in a few of them. Offline, the voucher is available in:
- The UK;
- The Netherlands;
- Germany;
- Greece;
- Spain;
- Poland;
- Belgium;
- Luxemburg;
- France;
- Guadeloupe;
- French Guiana.
Out of these 11 countries, though, you can only purchase the voucher online in France, Spain, the UK, Belgium, Luxembourg and the Netherlands.
On the other hand, eCheck…
…is available all across the globe, literally. Or at least across countries where paper checks are used as payment methods. That's its secret. Anyone who has used paper checks in their life can use eCheck to play online with. That’s because this payment solution is the digital version of paper checks. And that, of course, means, you need a bank to use it.
The thing with the electronic check…
…is that it is the opposite of CASHlib. While with the voucher, you’re not sharing any information about yourself, with eCheck, you need to share all of it. You need to share personal details, bank account details, everything. But, because it is a check, it has several financial institutions doing the background process for it, and that’s what makes it safe. True, you have to share a lot about yourself, but this data is then carefully handled by secure financial instructions, meaning your funds are safe with it.
On that note…
…precisely because so many parties are involved, transactions with eCheck are not instant. Far from it. They usually take 3 to 5 days, depending on the type of transaction. If you’re okay with that timeframe, then you can start using the method today. You won’t need credit history review, you won’t need to have a credit card to use it, nothing. All you’ll need is an active bank account, and that’s it. Given the fact that you probably have one, continue reading to figure out how to get started with it and use it across online casino sites.
Getting Started with CASHlib and eCheck
Now that you are familiar with the basic things you needed to know about these payment solutions, let’s see how to get started with them to be able to use them across online casinos.
You have to ways to get started with CASHlib…
…but you already knew that. You would need to decide which way to go, the online or the offline. To purchase it online, of course, you would have to be a resident in one of the six countries that offer the online service. Provided you are, you would need to visit the BeCharge platform, pay for the voucher with one of the payment methods provided for online banking and voilà!
If you go with the second option…
…you would need to visit CASHlib’s official website and enter your address to the store locator tool. The tool will generate a list of the nearby locations where you can purchase your voucher, the authorized vending points. Find the one that’s closest to you and visit it. Bring cash or your credit card to purchase your voucher there.
Whichever option you chose, you should know that you can fund the voucher with a maximum of €250 and a minimum of €10. Since you can purchase up to five vouchers at one point and use them all, the most you could deposit at your online casino is €1,250, which is much more than any other voucher can offer.
Upon purchase…
…you will get a 16-digit code, as we mentioned earlier. That would be your only ID when making a deposit at your online casino. Therefore, as you can see, you never need to share any personal details, not even your name, when transacting with CASHlib. Keep the code safe, however, because unless you have it with you, you cannot use your voucher.
Getting started with eCheck…
…may sound a bit complicated, but in reality, it isn't. Sure, the background process that goes on is complex, but it's nothing you need to be concerned about. As far as you're concerned, you just provide the necessary bank account and personal details and wait for your electronic check to be cleared. In the meantime though, the details you provided go to an intermediary, like Authorize.net. The intermediary processes the details into data that would be easily processed by the bank. Then, the data is sent to the Automated Clearing House Network, a network of financial institutions that clear eChecks. The network verifies the data is legit and good to go and informs your bank about your request. As soon as the bank processes your request, the funds as you requested are transferred to your eCheck.
Just like paper checks…
…as you see, eCheck needs to be cleared. And as you can see, many parties are involved in this clearing process, and that's why it takes longer for you to have your funds on your eCheck. But the funds are there, you can start using them across all online casinos that accept eCheck as a payment method.
Depositing and Withdrawing
You will see that both of these payment solutions are extremely easy to use. Once you have your voucher or electronic check ready, you would need to find an online casino that accepts them. And, once you do, you can start transacting with either of them.
Depositing with CASHlib…
…is a four-step process. Once you go to the online casino that accepts it as a payment method, visit its Banking or Cashier page. Look for CASHlib’s logo and click or tap on it. Once the new window appears, enter two details: your 16-digit code and the money you wish to deposit on your online casino account. Confirm your request and the money will be on your account in an instant.
Withdrawals with it…
...however, are impossible. Considering its nature as a voucher system, it should not come as a surprise that it cannot be used as a withdrawal method. The fact that you never needed to create an account to get started with it says a lot. There’s no return address where the casino could send your winnings to. This means, therefore, that you would need to find an alternative solution to cash out your funds from an online casino.
Funding your account with eCheck…
…is incredibly straightforward. All you need to do is visit the online casino you chose, go to its Banking or Cashier page, and look for eCheck’s logo. Click or tap on it and enter the required information in the pop-up window. Enter all the details about yourself and the check, and the money you would like to fund your online casino account with. Confirm your request, and wait for the money to arrive on your account in 3 to 5 days.
Contrary to the voucher…
…withdrawals with the electronic check are possible. In fact, they are even more popular than deposits with it. Players hate waiting for deposits to arrive on their casino accounts but don't mind waiting for withdrawals to land on their bank accounts. That's why eCheck is mostly used for withdrawals. You can withdraw large amounts of money with it, and that’s why you need it. Just put in your request the same way you did for deposits, and wait for the casino to approve it. Provided you met the requirements and Terms and Conditions, the casino will approve it. Once it does, your money is transferred to your bank account directly. That’s right, you won’t need to move it from one place to another; it will arrive on your bank account.
Advantages and Disadvantages
All payment methods have their advantages and disadvantages, as no payment method is perfect. As far as CASHlib and eCheck go, you’ve learned a lot about their strong suits and downsides already, but let’s reinstate them.
The benefits you get…
…for using both of them are several. They are both really easy to get started with, and really straightforward to use across online casino sites, and that’s why they are available across many of these sites. Also, they are both extremely safe to use, as they both implement measures to protect your funds. Individually, CASHlib provides you with instant deposits. It also does not require any of your personal and bank account details. eCheck, on the other hand, can be used for both deposits and withdrawals. You can deposit and withdraw as much as you want with it since the whole process involves your bank account and the funds are being transferred to and from your bank account.
However…
…you cannot make withdrawals with CASHlib. The method is also available only to a limited number of countries, so not everyone can use it. And while you can buy it both online and offline, the online option is only accessible for players residing in six eligible countries of the eleven. Plus, you cannot deposit more than €1,250 at one time when playing with the voucher, as you can only combine five vouchers to make a deposit.
On the other hand, transactions with eCheck are not instant. As a matter of fact, they take 3 to 5 days. They may even take up to 7 days when it comes to withdrawals, as the casinos need to approve them before they’re being processed. Also, when you’re using it, you need to share information about yourself, bank account details included. Therefore, depending on your preferences and needs, weigh in all their pros and cons, and decide which one of the two would suit you better and start playing your favourite games with it.
Payment Methods Comparison | ||
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Payment methods name | CASHlib | eCheck |
Available accounts | n/a | 1 account |
Available currencies | EUR, GBP | n/a |
Link to terms & conditions | https://www.cashlib.com/terms-conditions/ | https://www.authorize.net/en-us/payments/echeck.html |
No casinos support both CASHlib & eCheck, click CASHlib or eCheck to show casinos that just support that method.
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