Ukash is a way for consumers to spend online without using a credit or debit
card. Consumers can buy Ukash at convenience stores across Europe. Each
Ukash voucher has a unique code, which is used when spending online —
Ukash also issues change in the form of a new Ukash code where part-spend
is required — just like using cash in the real world.
Ukash Profile Ukash is the leading international cash payment brand for online
and mobile commerce. Our key offering is a cash-based payment solution that
allows consumers with a cash preference to pay for goods, services online
and gamble or via their handset simply, securely and anonymously. It is
the cash equivalent online.
We are a privately held company HQ’d in the UK, with offices in Germany,
North America, South Africa and Spain. We have been granted a small e-money
issuers (ELMI) certificate by the Financial Services Authority (FSA), and
are in the process of having a Pan-European ELMI application approved by
the FSA.
Key gaming customers and service providers include 32Red, The Gaming Club,
Ladbrokes, Microgaming, Parlay Entertainment, Playtech, Spin Palace, Sportingbet
& William Hill. Currently over 150 Gaming sites are already accepting
Ukash as a deposit option.
How does Ukash work? Ukash is very simple for customers to use. They buy Ukash vouchers
from a recognized Ukash retailer. The voucher comes with a unique 19-digit
number, which they use to pay on the internet — just like a card number.
The Ukash payment option can be easily integrated into your existing payment
environment and/or cashier platform. Additionally, Ukash is working with
leading Payment Service Providers to ensure thenew payment brand is widely
available as an additional option to your traditional debit and credit card
processing.
Process
No registration is required and no account needs to be set up for a consumer
to buy or deposit Ukash online (though a Merchant typically will require
registration). The consumer simply needs to go to any one of 40,000+ retail
outlets in the UK (Ukash will be available for purchase throughout mainland
Europe, and some of Asia and South America during 2006) and over cash (GBP5/EUR7.50
– GBP100/EUR150) to the shopkeeper in return for a Ukash voucher (unique
19-digit #/value/6 month expiry date). The Ukash voucher can then be deposited
at any Ukash-accepting site.
Security
We use a Verisign 128-bit encrypted SSL connection.
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