Payment System Ukash for Gambling Websites: Terms of Use and Benefits

A modern iGaming start-up should support as many settlement methods as possible. These are both the usual Internet acquiring and depositing using Ukash vouchers.

The CASEXE studio describes the features and benefits of installing the software, the nuances of working with the service, and options for integrating the programs.

Basic Information about the Provider

Ukash is a trademark of the British corporation Smart Voucher Ltd. The firm was registered in the United Kingdom in 2005.

The operation of the service is based on the creation, transfer, and storage of unique vouchers of different denominations. The company issues £10, £20, £50, and £100 banknotes. Customers have the right to use vouchers in various areas, for example, when paying bills for housing and communal services, buying goods on marketplaces, and making deposits on gambling sites.

David Hunter, the CEO of Ukash, commented:

Ukash is a real alternative to online credit or debit card transfers. People can use money digitally without having to reveal their financial information.

The connection of the casino payment system Ukash was appreciated by many gambling companies. The list of the service’s partners includes:

• Paddy Power (a bookmaker company from Ireland);
• 888 Holdings (a manufacturer of software for betting shops, lotteries, and casinos from Gibraltar);
• Gaming Realms (a provider of slots and social games), and other famous brands.

David Hunter evaluated the company's development prospects as follows:

Our branded service is characterised by good flexibility and seamless integration into the modern gaming sector.

We take into account the main needs of the gambling market, such as improved usability, increased protection against fraud, comfortable integration of the Ukash casino payment system, and fast connection with land-based sales points for cashing out vouchers.

Online shopping, multi-user sessions, Skype top-ups, and Facebook credits are growing markets for Ukash. The main share of the developer's transactions is in the gambling industry.

Currently, branded vouchers are sold in over 450 thousand sales points in 57 countries. The program became the most popular in the United Kingdom. The use of vouchers is the second most common settlement method in land-based betting shops, sports pubs, and racecourses in England.

David Hunter noted:

We transact £500 million a year. The UK accounts for 45% of all transfers, continental Europe’s rate is 25% and the coverage of the rest of the world is 30%.

The Stages of the Company’s Development

The Ukash payment system for online casinos has been on the market for almost 20 years. During this time, a small family firm has grown into a large international corporation with offices in London and Valletta. In 2015, the provider became part of the largest financial system in the EU, Paysafecard Skrill Group. Despite this, both brands continue to develop independently.

David Hunter said:

We want to turn Ukash into a full-fledged electronic money ecosystem, with cash deposits and withdrawals anytime and anywhere. The priority areas are the implementation of two-click payments, adding transfers using QR codes, and others.

Udo Müller, the CEO of Paysafecard, said:

The acquisition of Ukash combined 2 prepaid technologies with strong synergy and maximum audience response.

Customers can pay online as securely and easily as they would do with cash. Ukash expands Paysafecard's global influence and opens up new opportunities for online businesses.

The Features of Using the Financial Service

The installation of the casino payment system Ukash is available along with a universal electronic wallet. It stores the history of transactions, a list of land-based sales points for buying vouchers (more than 450,000 establishments), and the rules for working with the program.

David Hunter noted:

The Ukash digital wallet allows users to make online payments and P2P transfers from a PayPal-style stored value account.

The difference between our two services is that Ukash works from voucher to voucher. While the digital wallet service works from one account to another.

The rules for interaction with the financial service are as follows:

1. Buying a voucher. Each payment product is unique thanks to a 19-digit code. The numbers are printed on the back of the check. They are secured with special tape. It is possible to buy vouchers for cash at sales points, newsstands, and gas stations.
2. Storing a voucher. Different denominations are available to gamblers: 10, 20, 50, and 100 euros. The maximum amount a customer can hold is £1,000 or the equivalent of €1,250 per day. The developer strongly does not recommend transferring the code to third parties or entering it on platforms that are not its official partners.
3. Replenishing a game account. The connection of the casino payment system Ukash is well suited for the gambling industry. The product is integrated into over 5,500 sites and applications around the world. The lion's share of them is iGaming start-ups. The client enters a 19-digit code in a special form and confirms the transfer via SMS or voice call. Money is instantly credited to the account.

Global Presence in the Gambling Market

The integration of the casino payment system Ukash is available directly, as well as through the company's partners. The activity of the provider is approved by the Financial Conduct Authority (FCA) in the UK.

The recognition helped to conclude profitable contracts with leading banking services in Europe, Asia, and America:

• Ukash is an official partner of Mastercard. The financial solution was developed together with the Department of Prepaid Financial Services. It is available in Poland, France, Spain, Italy, Slovakia, and other countries. The card is characterised by a minimum commission (£1.5 per month), and a huge choice of options for replenishing game accounts and withdrawing prize money. Issuing a card for online spending becomes available immediately after the integration of the casino Ukash payment system.
• The service has been partnering with Bank Machine, the largest ATM network in the UK, for many years. The company offers cardless cash withdrawals at 3,500 ATMs in the United Kingdom. All the player needs is to have an active voucher of any value.
• Operators with Romanian licences can install the payment system for casinos Ukash. The jurisdiction is famous for its loyal attitude towards gaming. All types of gambling are legalised here, including online and offline directions. The installation of the service is available directly, as well as through the operator of retail cash and mobile settlements PayPoint Romania. The vouchers are available at 7,000 terminals located throughout the country.
• The product is available to gamblers from the Benelux countries — Belgium, the Netherlands, and Luxembourg. The developer has been cooperating with the local provider beCharge for many years.

The Connection of the Casino Payment Service Ukash: Benefits for Businesses

The main advantages of the software are as follows:

1. The excellent reputation of the company. The firm has been operating on the market for almost 20 years — as a completely independent brand, and also as part of the Paysafecard financial corporation. During this time, hundreds of agreements have been signed. Thousands of software integrations have been carried out.
2. Impeccable security. The software complies with the international PCI DSS standards and the requirements of the British FCA regulator. The program is protected from hacks, technical failures, and the introduction of phishing programs. During the transfer, the client indicates only a 19-digit code. Personal data (name, bank card number, and place of residence) are not recorded anywhere. This means they remain completely safe.
3. The focus is on the gambling industry. Businessmen who decide to connect the casino payment service Ukash receive a modern and high-tech product. The solution supports micro transfers, anonymous deposits and withdrawals, and other options that are important for the gambling field.

The Main Things about Buying the Ukash Program

The UK-based payment solutions provider operates in the gaming area.

• The company works with paper vouchers. They can be used to replenish casino accounts and cash out prize money. Cheques are issued in different values — from 10 to 100 pounds. One customer can hold up to five vouchers at the same time with a total value of £1,000.
• The firm's products are represented in 57 states on five continents. Customers from Europe can buy them directly from Ukash or its official partners. In Ukraine, this is PrivatBank. In Romania, the supplier is PayPoint Romania. In Belgium and Holland, this is beCharge.
• The advantages of the software include an excellent reputation as a developer, excellent security, a focus on the gambling industry, and anonymous replenishment of accounts.

It is worth buying premium software at the CASEXE studio. We deliver the product as a completely stand-alone solution or as part of a turnkey online casino.

CASEXE offers profitable gambling projects:

• a White Label platform;
• a Bitcoin casino;
• a VR slot site;
• a Telegram casino, etc.