Online payment methods are the most convenient way to carry out trading transactions. Among the most popular solutions are CashU, which is a virtual portfolio launched in 2002. What are the advantages of this tool? Discover…
Easy and fast access
As an online payment method, CashU offers direct registration via the Internet. Simply log in to the site to open an account, by filling out the dedicated form and providing identity information. A confirmation email will then be sent to the new member, after which he or she will be able to fund his or her CashU account and deposit money into his or her trading account. All transactions are done directly online, which saves a lot of time. A trading account can be replenished in no more than 2 hours. As far as withdrawals are concerned, transactions are mainly made via Mastercard, but other solutions are possible depending on the trader’s location.
Existing since 2002, CashU was launched by Maktoob, now Yahoo. Wishing to establish itself as a leader in the field, particularly in the Middle East and North Africa, it has established a reliable security system for its customers. The online portfolio is secured by Thawte, which is the reference in terms of online protection. Encryption systems ensure the security of all data and in order to prevent fraud and other risks, CashU also adopts AML systems.
Registration on CashU is completely free of charge, however, there are some fees associated with transactions. The processing fee for a trading deposit is 7% for USD deposits. For other currencies, however, a conversion fee may be charged to the trader. The minimum deposits depend, of course, on the conditions imposed by the brokers.
Increasingly expanded worldwide
CashU has become particularly popular in the Middle East and North Africa, and in recent years, it has also begun to expand into Europe thanks to UKash. CashU transactions are conducted exclusively in US dollars, but it is still possible to use the service in other currencies for a conversion fee. The portal supports 14 different currencies, including the United Arab Emirates dirham (AED), Bahrain dinar (BHD), Algerian Dinar (DZD), Turkish lira (TRY) and, of course, the euro (EUR), among others. Today, millions of traders use the service with brokers like 24option.