Ukash has stopped all services!
Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online.
Skrill Group acquired Ukash in April 2014 and merged into Austrian competitor Paysafecard, acquired by Skrill a year earlier.
Although an eWallet such as PayPal, Neteller and Skrill reveals no personal financial details when you make a deposit, some players just don’t trust online payment systems.
That doesn’t mean you can’t make a deposit at an online casino. The NetEnt Casinos offer many alternatives such as prepaid cards.
As the word prepaid already reveals, you pre pay money. It simply means you pay a certain amount at a shop in exchange for a prepaid card or code. Just to use the prepaid card elsewhere.
As part of Smart Voucher Ltd., a company that develops alternative paying methods on the internet, Ukash is an established international company based in the UK that enables consumers around the world to shop, pay, send and play online, using cash safely, securely and conveniently.
The development of Ukash took place in 2001 by Scott Thomson. Ukash witnessed enormous growth since 2001. They constantly added new retail points to the current 420.000 supply channels. It expects a notable growth for the coming years with a focus on the online gambling market.
Until now it was the size of the network and the widening acceptance of Ukash that have helped it to become a leading alternative payment method.
Regulation of Ukash is under the supervision of the Financial Services Authority (FSA) of the United Kingdom. Electronic Money Institution (ELMI) has a controlling function.
How does Ukash work?
You simply exchange your cash at one of the retail outlets including shops, petrol/gas stations, ATMs, kiosks or online for an unique 19-digit Ukash code.
You can then spend your Ukash code to pay at thousands of websites or to top-up your eWallet. Since every Ukash code is totally unique, you do not need to hold a payment card or register to use the prepaid service.
Ukash Prepaid MasterCard
Additional to the prepaid payment service, you can also apply for the Ukash Prepaid MasterCard. You can easily top up this special MasterCard with cash without any bank account involved.
This while you have guaranteed acceptance or a credit check. You can compare the Ukash Prepaid MasterCard with VISA Electron. Both are what we call a debit card, but with one big difference since VISA Electron is attached to a bank account, while your Ukash MasterCard works as a prepaid card.
In both cases the card won’t work when the balance isn’t sufficient to the amount you want to pay or deposit. If patience isn’t your best characteristic, no worries since you don’t have to wait for your card to arrive in the post. You will get an instant issued online card as soon as you’ve completed the application.
How to purchase a Ukash code
Before you can use Ukash in an online casino, a unique Ukash code is needed. You simply exchange your cash at retail outlets including shops, petrol/gas stations, ATMs, kiosks or online for a unique 19-digit Ukash code.
The service is available in different currencies, depending on the selling point of your choice. The Ukash prepaid cards can be purchased at more than 420.000 selling points worldwide or via internet. To find the nearest selling point, you use the store locator on the Ukash website.
The moment you’ve paid with cash at one of the selling points, you’ll receive a ticket with a 19-figure serial code and the value the code represents. You can then spend your Ukash code to make a direct deposit into your online casino account or to top-up the balance of your eWallet like Neteller or Skrill.
Making a deposit using Ukash
Choose Ukash from the payments menu at the Netent Casino of your choice and enter the unique 19-digit code into the indicated field. Select the currency as preferred and fill in the amount you would like to deposit. Once you’ve confirmed the transaction, the money will be transferred into your casino account immediately.
Available for deposits only
Type: prepaid card/prepaid code
Advantages: 100% safe, no registration required
Disadvantages: not yet available in all Netent Casinos
Extra: Ukash Prepaid MasterCard.
Alternatives: Paysafecard, Intercash