CashToCode
CashToCode is a relatively new payment method, originating in 2016. It was launched by a fintech company, Funanga AG, with a vision of developing a secure and easy-to-use cash payment method for online purchases, including online casinos. Since its inception, CashToCode has grown rapidly, and it has established itself as a reliable payment option for individuals who value privacy and convenience.
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Today, CashToCode operates in multiple countries and is accepted by numerous online merchants, particularly in the iGaming sector. Its rapid expansion can be attributed to its unique value proposition: offering a secure cash-based deposit method to online customers who don't have access to or prefer not to use credit/debit cards or bank transfers.
How CashToCode Works
Unlike traditional online payment methods that require a bank account or a card, CashToCode allows users to pay for their online purchases using cash at local stores. The process is simple and straightforward:
*The user selects CashToCode as the payment method on the online merchant's checkout page.
*A unique barcode is generated, which the user can either print out or save on their mobile device.
*The user then visits a CashToCode partner store, shows the barcode to the cashier, and pays in cash.
*The cashier scans the barcode, which signals the payment to the online merchant.
*The online merchant receives real-time notification of the payment and credits the user's account.
Benefits of Using CashToCode for Online Casino Deposits
Privacy: As CashToCode transactions are done in cash at local stores, they do not require the user to share any personal or banking information online. This adds an extra layer of privacy, making it an ideal option for those who wish to keep their online activities discreet.
Security: CashToCode's model is inherently safe as it eliminates the risks associated with online transactions, such as identity theft or hacking.
Accessibility: CashToCode opens up the world of online casinos to those who don't have access to traditional banking services or prefer not to use them for online gaming.
Instant Deposits: Once the cash payment is made at a local store, the online merchant is immediately notified. This means that the user can start playing at the online casino right away.
No Fees: CashToCode does not charge any transaction fees to the user. This can result in considerable savings, especially for frequent players.
Limitations of CashToCode
Availability: Although CashToCode is rapidly expanding, it is not available in all countries. Users need to check whether there are CashToCode partner stores in their region.
Cash-Only: CashToCode only supports cash payments, which may be inconvenient for some users who prefer using cards or electronic wallets.
No Withdrawal: CashToCode only allows deposits. Players must choose another method to withdraw their winnings from the online casino.
In Summary
CashToCode is a unique payment method that offers privacy, security, accessibility, instant deposits, and no transaction fees. It is a great option for online casino players who value these features. However, it is only suitable for deposits and its availability may be limited in some regions. As with any payment method, users should evaluate whether CashToCode meets their specific needs before using it.