Ukash outdated
Ukash became a bit outdated and that’s when Paysafecard saw their chance. They bought Ukash and transformed it to Paysafecard. That’s good news for the players at online casinos because the paysafecard is accepted almost globally.
Since its launch in 2005 Ukash has become a globally-recognised payment method that enables online transactions using cash, providing freedom from credit and debit card fraud, repudiations and charge-backs, and protecting personal identity.
About 15 years ago it was almost unthinkable that you could transfer money through all kinds of digital processes to, for example, someone on the other side of the world. Yet many of these online payment methods are often linked to your personal bank account. You then transfer money from your bank account to the payment service of your choice.
What is Ukash?
Ukash is actually a kind of online currency with which you can make purchases online. Ukash is different from, for example, a credit card, because Ukash works according to a prepaid principle. Consumers around the world enjoy using Ukash because it is easy and there are no age restrictions. No credit or debit cards are needed and they don’t even have to share any personal or financial details.
Ukash has become Paysafecard!
The acquisition of Ukash by Paysafecard marks a key step toward paysafecard’s major objective of being a global leader in digital prepaid payment methods with a permanently strengthened presence, especially in English-speaking markets such as the UK and New Zealand.
Ukash sales have already been phased out since the end of August 2015, given that the established paysafecard payment methods provide the features familiar to Ukash users. Previously purchased Ukash vouchers could be redeemed until 31 October 2015.
