Ukash was one of the most innovative online payment systems in the world, and one that attracted a large following. It never quite competed with the likes of PayPal and Skrill, but it was never really trying to. Ukash was completely different, operating in a unique way. Basically, instead of depositing money into a web wallet, you paid a fixed sum and received a unique code in return. This code was essentially an IOU created by Ukash, saying that you were entitled to “XYZ” amount of money.
You then simply found a site that accepted Ukash and gave them this code. They would take the money, cash it in, and then send you another code that served as your change, if applicable.
So, what went wrong, what are the alternatives and where are the best places to use them?
The Demise of Ukash
Ukash was launched in 2005 and it did a lot for the industry it that time. It helped to support an anti-fraud site that blacklisted scam payment options and other online scams, and it was popular with online gamblers. In 2015, the owners of Skill bought Ukash and then merged it with the PaySafeCard scheme, which had until then existed as a rival to Ukash. There were no issues with the provider and if anything it was a growing service that had a bright future. But the new owners clearly thought there was more potential in a merger, as that would give them a higher share of the market and would allow them to mount a bigger threat to PayPal.
For several months users were able to spend their Ukash vouchers, but this stopped towards the tail end of 2015 and all visits to the Ukash website are now redirected to PaySafeCard. If you still have a voucher then this is no longer valid.
What is PaySafeCard?
You might not have heard the name PaySafeCard and if not, then you will have almost certainly not heard the name Paysafe Group. But this payment provider and their owners are one of the biggest in the online payments industry. The PaySafe Group own Neteller and Skrill, and in their near two decade history they have also acquired everything from Ukash to Meritus Payment Solutions, making them part of this growing brand.
PayPal is often considered to be the giant in this industry, the number 1 payment provider, but when you consider that PaySafe Group own the number 2, number 3, number 4 and more, you realize that PayPal is not as dominant as once believed. And when you factor in the increasing number of users that are turning to these sites, users that are disillusioned with PayPal and users that are seeking alternatives, the future looks very bright for this financial giant.
How to Use PaySafeCard
PaySafeCard is a prepaid card, giving you that extra element of security and anonymity when using online casinos. You need to find a PaySafeCard outlet near you and then buy your PaySafeCard. These are located all over the world, so you shouldn’t have any issue finding one. They are much more common in the United Kingdom, which is where PaySafeCard was founded and where it is at its most popular, but there are more than half a million locations across the globe, with more being introduced all of the time. In Sydney alone, there are over a dozen locations, and you don’t need to be in the big city to find one.
The card is available in set amounts, with a minimum of $10 and a maximum of $175. You can use cash or cards to pay for your PaySafeCard, and you can then safely use this card at any online outlet, online casino, and anywhere else that accepts PaySafeCard. This prepaid card ensures that you do not give your financial details to online casinos and it also ensures that players who don’t own credit cards or debit cards, and players who don’t want to use web wallets, have a way of using their cash to play and shop online.
Just bear in mind that you will need a way to withdraw your winnings should it come to that, but many casinos will simply send you checks if you have no other means of withdrawing.
The Best PaySafeCard Casinos
PaySafeCard is accepted in many of the better casinos, including the likes of Spin Palace, where you can also use everything from POLi to debit cards, credit cards, Skrill, EcoCard and ClickandBuy. What’s more, Spin Palace has a detailed breakdown of all of their banking options, allowing you to see which methods you can use before you join the site. This way you can predict the path of your money, choosing which method you will use to make a withdrawal after using PaySafeCard to deposit.
That’s not the only benefit to Spin Palace, of course. This casino also has a huge new member bonus, allowing you to scoop as much as $1,000 in matched deposits, and it is also home to one of the best, and one of the only loyalty schemes in the industry.