CASHlib vs. PayPal

Playing across online casinos, players do not only need to decide on the games to play, or the bonuses to claim. There are far more important things to consider before choosing an online casino to join, which would, in the long run, be beneficial to them. They need to check the casino for security measures and licenses, to ensure they're joining a legit site, but they also need to check its payment methods list, as it would be crucial for their entire online gambling experience at the site.

When choosing a payment method to use, you need to explore at least two options, compare them and only then decide which one would suit you better. In this occasion, we’re presenting to you two solutions that you might want to consider, CASHlib and PayPal. They are both greatly used by online casino players. Why are CASHlib and PayPal good options to use at online casinos?

About CASHlib and PayPal

Before we go in-depth about the two, you should know that CASHlib and PayPal are two rather different solutions. The former is a voucher, while the latter is an eWallet, even though it offers other services as well. That’s why the two attract different types of players, and that’s why they bring different pros and cons to the table. What they do have in common, though, is the fact that they are used by many players, due to the convenience, ease of use and security they can offer. They are especially useful in jurisdictions where no credit cards are allowed for gambling, such as the UK.

CASHlib was launched in 2015, as a voucher available in several European countries and their territories. What was great about it from the very beginning is that it can be purchased both online and offline. Contrary to most brands of its type, you do not always need to leave the house and purchase it, but you can do that online. Sure, if on your way while walking your dog, you can purchase it at a land-based store, but that doesn’t need to be the mandatory thing to do.

Other than this exceptional convenience, the voucher is pretty easy to be used across online casinos. It keeps all your personal and financial details private, as you never need to share anything but the essential voucher details with your online casino.

The thing is, though, it can only be used at a certain number of countries. As mentioned, it is perfect for players from the UK, since there’s a credit card gambling ban out there. But players from Poland, Germany, Spain, Luxembourg, Belgium, the Netherlands, Guadeloupe, France, and French Guiana can use it as well.

PayPal, on the other hand, is one of the world’s first and most widely-used eWallets. It was launched way back in 1998, leading the way to many new eWallets that appeared throughout the years, following its example. Without a doubt, it has had its upturns and downturns, until it perfected its service and today, it excels in it, being the absolute leader in the eWallet scene.

It is accepted in over 200 countries all across the globe, and that’s its strongest suit. While other methods, like CASHlib, are still limited to a small list of accepted countries, PayPal rules the world, literally. Sure, when it notices a country with fishy behaviour, it withdraws its services from there, like it excluded payments from Germany and the US, but the issue is resolved, it finds its back in, re-enters and continues delivering exceptional service. It does that due to security and regulatory reasons, to ensure that everything works in the legit and right way.

This brings us to another huge benefit you get for choosing to use it: high-level security. PayPal is known to be one of the safest eWallets out there, as it makes sure that it complies with all the regulatory and finance laws and rules, and its reputation is spotless in this regard. And for this, it has been crowned with many awards in the finance world, over two dozen of them, further cementing its position as the leader that it is.

You should know that PayPal always strives to be better and is one step ahead of every other eWallet, making the trends, not blindly following them. It has managed to partner with MasterCard and offer the PayPal MasterCard card product. A few years ago, it has launched its PayPal Connect, and in 2020, it has teamed up with Bitcoin to start approving blockchain transactions with digital currencies. So, without a doubt, this eWallet is one you should take into consideration.

Getting Started with the Two Solutions

As you will see, it is pretty easy to get started with both solutions, even though the procedures involved would be rather different.

With CASHlib, you first have to decide whether you’ll purchase the voucher online or offline. Before you decide on the online option, though, you should keep in mind that only players from Belgium, France, Spain, the UK and Luxembourg can buy it online, via the BeCharge platform. Players from the rest of the eligible countries would need to buy it offline.

Regardless of your choice, you would need to visit CASHlib’s official website and find the locator tool. As soon as you enter your address, this tool will help you locate the nearest store to you where you can purchase your voucher, or will suggest the online purchase, if from a country where this is an option.

You can buy the voucher in denominations from €10 to €250, but you can combine up to five vouchers at once so that if you're a high-roller, you can make a deposit of up to €1,250 with it. Upon purchase, the voucher will arrive along with a 16-digit code. This code would be the only thing you’ll need to share with the casino in order to complete your transaction. The code is your key to depositing with the voucher, so make sure to never share it with other people, as they might abuse it.

As far as getting started with PayPal goes, you would also need to visit its official website. On the top right corner of the screen, you’ll see the Sign-Up button. Click or tap on it and the registration procedure begins. In the designated fields, enter the required info about yourself, such as social security number, name, address, and email. Due to Know Your Customer (KYC)rules, you’ll also need to provide copies of some ID documents, as PayPal is very strict when it comes to compliance. Do that, and continue to the next step.

The next step would be founding your eWallet with money. You can use other PayPal products that you may have, credit cards or bank transfer. Bank transfer is the cheapest solution, as no fees apply when you’re funding your eWallet with it. Credit cards, on the other hand, charge a 2.5% fee. Remember that if playing from the UK, you cannot fund your wallet with a credit card, as you won’t be able to use it for online gambling purposes, due to the ban. Once your account is ready, verified and topped up with money, you can start using it right away!

Using CASHlib and PayPal at Online Casinos

Considering you have purchased your voucher or set up your eWallet account, the next thing you would need to do is search for online casinos that accept either of the two solutions you’ve decided to go with. You should know that CASHlib is available in over a hundred of online casinos, while PayPal in almost all casinos available out there. Therefore, you can choose from many sites and not need to settle for the first one you see accepts them. Choose your favourite and join it.

To fund your account with CASHlib, you would need to follow these steps:

1. Go to the online casino’s Banking/Cashier section.
2. From the list of accepted methods, find CASHlib’s logo and click or tap on it.
3. In the new window, enter the 16-digit code.
4. At a glance, the money you funded your voucher with will appear on your online casino account.

That’s sounded so easy, right? Well, it is actually that easy. Depositing with CASHlib is a piece of cake, but we cannot say the same about withdrawing. In fact, withdrawals with it are not an option. Since it is a voucher, there’s no return address where the casino could send your winnings. This would mean that to cash out your winnings, you would have to look for an alternative solution. This is one of the biggest downsides with this solution, mainly because most players want to deposit and withdraw with the same solution.

With PayPal, you won’t experience this problem. The eWallet works great for both deposits and withdrawals, and the two procedures are pretty similar. To make a deposit with it, do the following:

1. Visit the casino’s Banking/Cashier page and click or tap on PayPal’s logo.
2. In the pop-up window, log in to your PayPal account.
3. Go through the authentication process, and then specify how much you want to deposit.
4. Check whether the info you provided is correct and confirm your request.
5. PayPal will instantly send the money to your online casino account.

Deposits with PayPal are instant, but the greatest thing about it is that withdrawals with it are also near-instant! That’s actually one of the reasons why players prefer using it over any other eWallet, since other eWallets process withdrawals in up to 3 days.

With PayPal, as soon as you go through the same procedure as you did for depositing, and you go through the authentication process, you will have your winnings on your account in no time! The withdrawal procedure is pretty much the same, but instead of specifying how much to deposit, you need to specify how much you wish to withdraw. Remember that before you send your withdrawal request to the casino, you need to see whether you have any wagering requirements unmet. If you do, make sure you go through them first and then send your request.

Advantages and Disadvantages

There’s no doubt that both CASHlib and PayPal have their own fan bases, and that’s why they are both offered across hundreds of online casino sites. They do have their own pros and cons, as you could notice, but then again, that’s why they are suited for different types of players.

CASHlib is convenient in the sense that it can be purchased both online and offline. It is easy to use and safe since you just need to purchase your voucher and share the 16-digit code with the casino in order to make a deposit. It is available in several European countries and comes with no fees. Deposits with it are instant and effortless, so it is an absolutely great deposit method.

That being said, that’s what it is, only a deposit method. You cannot make withdrawals with it, no matter what, due to its nature. Add to that the fact that not all of the eligible countries allow the online purchase option, and there you have two major disadvantages with it. Plus, you cannot deposit more than €1,250 with it at once, and that’s another bummer.

PayPal, on the other hand, has no significant flaw. Sure, there’s the 2.5% fee when funding it with a credit card, but if you use bank transfer, which is the fee-free option, you’ve got yourself the perfect solution to use across online casino sites. It comes with no additional fees, it is the fastest option for payouts, it is accepted all across the globe and across most, if not all, online casinos and it is really easy to use. It will keep your confidential details and money completely safe, and with it, you can enjoy a seamless online gambling time.

Now that you have the essential info about these two solutions in one page, it would be easier for you to decide which one to use. Compare the pros and cons, and depending on your country of residence, choose the one that suits you best. Whichever you choose, you won’t make a mistake, as they are both worth your trust.