CashU Wallet And Prepaid Card Review 2021

Did you want to find out how to get cash quickly and confidentially, or want invest with minimal risk? This is the subject of our article today.

What Is CashU

Today, CashU is a rapidly developing online payment platform. It has been on the market for 19 years and has served more than 2 million users. CashU is a profitable tool for use by individuals and businesses alike.

How Does It Work

To start using CashU products, you need perform two simple steps:

  1. Create and verify an account;
  2. Fund your account through the nearest CashU vendor.

The account is ready! You can shop, transfer funds, and top up your account, with no worries about security.

Main Benefits

  • The service is built based on complex,up-to-date systems that prevent most of the risks connected with online payments;
  • CashU has its own card that is available on more than 7,000 sites globally as a payment method today;
  • A simple verification system protects the client’s personal data and prevents fraudsters from gaining access to an account;
  • It allows clients to perform any operation quickly and safely;
  • The platform is expanding its sphere of influence in the MENA region.

How To Register a CashU Wallet

Here is a step-by-step guide on how to register and verify your CashU account quickly and safely.

  1. Download the CashU app. It’s available on Google Play and in the AppStore.cashu app 2021 logo
  2. Account Registration. Here you need to enter an email address, an active phone number and come up with a password. To subscribe to the latest updates, click the button to confirm you’re happy to receive the newsletter, and accept the Security Policy. Click “Create My Account”.
  3. Mobile Phone Verification.

You will receive an SMS with a verification code on your phone. You need to insert it in the dedicated field. Next, you will be notified about the confirmation of your phone number. A special code will also be sent to your email address. Enter it in the new field that appears on the screen.

It’s done! Your registration has been completed successfully. Now, in order to start working with the platform, you will need to pass verification – which involves entering your personal information and uploading your identity documents.

Verification Process

You will need to go into your newly created profile and click on the “Personal Info” tab, fill in all the fields in English, and double-check the accuracy of the data entered. This will be followed by the most crucial step- uploading a document confirming your identity. These documents may include a passport, a national ID card, or a residence permit (if you are a foreigner). You can upload them in the “Identity documents” section. You can see the “Upload files” field – the photo of the document must be clear, and all data must be easily readable.

You have nothing to worry about when it comes to security: all uploaded documents and data are protected with encryption. After verifying your identity with your documents, you will be granted access to premium content and features, and the degree of account protection will be increased.

After sending all the data, you will need to wait for verification to be completed. It takes no more than 48 working hours. After that, you will be given access to the full features of CashU. We hope you enjoy using the service!

Topping Up Your CashU Wallet Balance

There are several simple ways make deposits into your CashU account:

  • Top it up at CashU vendors;
  • Fund it with your credit card;
  • Activate your CashU prepaid card;
  • Fund it with your mobile phone credit.

Credit Card

The subtleties of adding funds to your account in this way depend on the conditions set by your credit card provider. Usually, this process looks like an ordinary card-to-card transfer. For more information, please contact your provider.

CashU Prepaid Cards

Prepaid cards allow users to pay for purchases in the same way they do with ordinary bank cards. Such cards could be secure Mastercard cards connected directly to the CashU balance. The user does not have to constantly worry about the balance of their wallet, they can withdraw cash from one of their accounts instantly.cashu prepaid card 2021

You can fund your account in the following way:

  1. Log in to your account;
  2. On the “Home” page click on the “Add funds” and choose “CashU prepaid cards”;
  3. Erase the protective layer from the back of the card and enter the coupon number on the page;
  4. Click “Confirm”.

Your account was funded successfully!

Currencies And Supported Countries

CashU supports the following currencies:

  • USD;
  • EUR;
  • EGP;
  • AED;
  • BHD;
  • DZD;
  • JOD;
  • KWD;
  • TRY;
  • SAR;
  • QAR;
  • LBP;
  • MAD.

Keep in mind that the transaction amount will be debited from your CashU account in USD ($).

СashU can be used by customers from:

MoroccoYemen
TurkeyIraq
UAEEgypt
Hong KongPalestine
Saudi ArabiaJordan
OmanLebanon
KuwaitAlgeria
BahrainChina
Tunisia

What Is a Virtual CashU Mastercard?

A Virtual CashU Mastercard is a partnership product of the CashU Virtual Prepaid card, Mastercard (one of the leading tech companies in the global payment industry ), and Noor Bank (one of the leaders in the UAE banking industry).

How To Create It

You can create a virtual CashU Mastercard card as follows:

  1. Log in to your personal account and select Mastercard on the “Home” page;
  2. Enter the answer on the security question;
  3. On the “What is Mastercard?” page click “Give it a try and enjoy the experience!”;
  4. Choose the sum you would like to top-up your account with (it should be more than $10 and less than $400);
  5. Enter this sum in the field and click “Generate”.

Your Virtual CashU Mastercard Card will be generated. Enjoy using it!

Where And How To Use It

The offer applies to residents of the MENA countries. They can create this card for use on electronic commercial portals. In the near future, expansion is planned into other regions. The mission of the new product, according to CashU’s CEO, Suleiman, is the creation of a cashless society in the Arab world. The platform’s cooperation with companies such as Mastercard and Noor Bank seems to him effective in the implementation of this task. In addition, convenient conditions for the design and operation of each new product are intended to increase its demand. The new card is safe, easy to use, and can be replenished instantly, and it works wherever Mastercard is accepted: both individuals and legal entities can make purchases on the Internet, solve business problems, launch advertising campaigns, and much more besides.

Here you can see some of merchants that accept CashU Cards:

cashu where to pay1

cashu where to pay 2

cashu where to pay 33

cashu where to pay 4

To find more CashU merchants you can visit its official website.

Where Can You Buy CashU Prepaid Cards?

You can order CashU prepaid cards through the CashU app. Just log in to your personal account, go to the Services section and make a request for the production of a card from the desired provider (official reseller), observing the security policy. Specify the card from which the funds for the activation of the new card should be debited. The new card will be ready within two working days.

Another way you can get a CashU card is to buy it on the official reseller’s websites. It’s quite easy and fast option, because you can miss some unpleasant steps like downloading the app, signing up for a CashU wallet and passing verification.

How To Pay Online With CashU

You can pay with a CashU card wherever Mastercard is accepted – and this includes the vast majority of internet services. Just use the CashU card in the same way you use the Mastercard you are familiar with.

Sending Money From One Wallet To Another

Users can transfer an amount of up to $500 between accounts in the same country. To do this, the accounts must be verified.

To make a transaction, the user needs:

  1. To log in to their account;
  2. To click “Send money”;
  3. To enter the recipient’s phone number and the transfer amount;
  4. To click “Continue”.

The recipient will receive an SMS with all the necessary information. If the transfer is not confirmed within 48 hours, the amount will be returned to the sender’s wallet.

Fees and Charges

Here you can see the main CashU fees: each service is listed, along with its price:

ServicePrice
Wallet Annual Maintenance FeeUSD 1.00
Dormant Wallet Fee (if the wallet is not used for 120 days)USD 1.00 every 30 Days
Wallet Funding Using a Credit Card3.5% + Foreign exchange rate defined by your bank
Local Money TransferUSD 1.50
Cross-Border Money Transfer Between the Gulf CountriesUSD 5 + 2% of the transaction amount
Cross-Border Money Transfer Between African CountriesUSD 10 + 5% of the transaction amount
Cross-Border Money Transfer Between the Rest of the WorldUSD 7 + 3% of the transaction amount

The full list of CashU fees you can see on the official website.

Mobile App Overview

The CashU mobile application has a fairly user-friendly interface. Users at trustpilot.com make note of the friendly design.

CashU Mobile Payment

The CashU mobile app is intuitive to use, and gives you the convenience of using your e-wallet on the go. The large, bright icons help you surf. You can also see all the connected tools in one page. You can access your cards only after entering a password, which serves as good protection in case you lose your device.

Customer Reviews

There are completely polar opinions among users about the platform. Many people note failures in the operation of the service, the inability to make transfers, the blocking of accounts, but at the same time the speed of transactions. Nevertheless, in the market for payment systems, CashU is quite common and competes today with ecoPayz (ecoVoucher), AstroPay, Flexepin, and others.

Alternative Payment Methods

There are three main alternatives to CashU:

  • ecoPayz is a UK-based payment system that implements global transactions in 45 currencies. The website is multilingual and has an intuitive interface,highly appreciated by users around the world. The ecoVoucher system operates on the basis of prepaid vouchers and works in an anonymous way;
  • AstroPay is a payment system with offices in Britain and Latin America, widely distributed across the Eurasian market and growing rapidly since 2009. Like CashU, AstroPay has a prepaid card system;
  • Flexepin is a payment system with offices in Australia and Canada that operates on the basis of prepaid vouchers and works in an anonymous way.

ecovoucher ecopayz logoastropay card voucherflexepin voucher 2021 wallet

Conclusion

All in all, the systems mentioned are widely used by customers all over the world. Nevertheless, CashU is the only platform that was made specifically for the MENA region in consideration of its specifics. CashU may still have a lot to develop and improve on, but by eliminating all the gaps today, tomorrow this system can take a strong position not only in the MENA market but also around the world.

FAQ

How Do I Redeem CashU Prepaid Cards?

  1. Login to your CashU account;
  2. Choose your e-wallet;
  3. Click on the “Add money” button and then go to “CashU cards”;
  4. Scratch your coupon number on the back of your card and enter it in the field you’ll see on the screen;
  5. Click “Confirm”.

How Do I Fund My CashU Wallet?

There are several simple ways to make deposits onto your CashU account:

  1. Top it up at CashU vendors;
  2. Fund it with your credit card;
  3. Activate your CashU prepaid card;
  4. Fund it with your mobile phone credit.

How Do I Create a Virtual CashU Mastercard Card?

You can create a virtual CashU Mastercard debit card in the following way:

  1. Install the CashU mobile application;
  2. Log in to your personal account and select Mastercard in the services tab;
  3. Go through the documentation process: you need to take a video of yourself with a passport or other identity document and send it in for moderation. Verification will take 48 working hours.

Your Virtual CashU Mastercard Card will be generated. Enjoy using it!

Is It Possible to Send Money Using CashU?

Yes, it is! Users can transfer an amount of up to $500 between accounts within the same country. To do this, the accounts must be verified.

To perform a transaction, the user needs:

  1. To log in to account;
  2. To click “Send money”;
  3. To enter the recipient’s phone number and the transfer amount;
  4. To click “Continue”.

The recipient will receive an SMS with all the necessary information. If the transfer is not confirmed within 48 hours, the amount will be returned to the sender’s e-wallet.

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