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Ukash Overview Ukash is an online payment service based in the United Kingdom and is promoted by Smart Voucher Ltd. It is an electronic money system authorized by the Financial Services Authority in the United Kingdom. Ukash is available in 20 different countries, and is used by about 226 million internet users. Popular gaming sites and online casinos like Ladbrokes, 888.com and PartyPoker make use of Ukash as a payment method extensively. In fact, Ukash is also used in such virtual communities like Second Life, for buying land and property in the virtual world. Ukash is available in countries all over the world such as the United Kingdom, Ireland, Spain, Germany, France, Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, Hungary, Italy, Latvia, Netherlands, Norway, Portugal, Poland, Slovakia, Sweden and so on. In addition to being an online payment medium Ukash is also used in places such as the local convenience stores, newsagents, supermarkets, post offices, petrol stations and many more outlets. How it works In order to avail of Ukash services, you will have to buy a Ukash voucher. These are available in local stores that display PayPoint, payzone or e-pay signs. In these shops, Ukash is available in different denominations depending on where they are sold as follows: PayPoint - ?5.00 to ?499.00 The Ukash voucher that you purchase will contain a unique 19 digit Ukash number, a one year validity date and the amount for which you have purchased the voucher. This can be then used to make payments, even through mobile phones. Keeping in mind the interest of the user, Ukash specifically instructs that, you should never e-mail the 19 digit Ukash number. Ukash has also listed out a number of ‘phishing' sites. These sites usually seek personal details, which should never be furnished. Some of the genuine Ukash sites are www.ukash.com and www.ukash.es. Even www.ukash.co.uk and www.ukash.de come highly recommended. Advantages Today, more and more websites are making use of Ukash. Also, if your expenditure is less than the value of your Ukash you get the balance back. The Ukash change will contain a new 19 digit number, a new validity date and the new value. There is also the flexibility of combining Ukash change and you can also split up a high value Ukash into lesser ones. Some of the other major plus points of Ukash are:
Conclusion Apart from individuals, the other great beneficiary is the online trading community and of course casinos. What makes Ukash particularly attractive in comparison to Paypal or similar online payment service is its ease of operation and flexibility of service. As online activity spreads with the greater penetration of the internet, this alternative type of money transfer will be very useful to that segment of the population, that either does not have credit card or do not want to use it. | |||||||||
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