Ukash (Paysafecard) was founded in 2005 in London, UK, as a cashless method of internet purchases. Customers could swap cash for 19-character-long codes and use these to make payments. Paysafecard and Ukash had the same security and accessibility standards, so it was a simple change for Ukash users. Paysafecard still provides secure and easy online payments today. 

E-wallets were so in demand that Ukash was launched in 2005. The UK company has been growing quickly ever since. It now offers total service to customers in 55+ countries, and payments are accepted globally. 

There are hundreds of thousands of POSs worldwide and millions more internet stores accepting this form of payment. 

The revolutionary system

The revolutionary system was very popular and their point of sale has grown as well, day by day people can now purchase Ukash codes online. They can pay it through a bank account or credit card. It accepts 3 main currencies, the US dollar, the British Sterling pound and the euro, but players can buy vouchers on their own. 

Ukash is a globally accepted, credit and debit card payment service which has helped to make it a reality for online payments in cash and frees you from credit card and debit card fraud. Revocations and chargebacks, as well as identity theft since 2005. Organizations love Ukash as they can gain new markets in which to sell their products and services online. There are very few people with credit or debit cards, bank accounts or even just plain reluctance to reveal financial information on the Internet. Consumers around the globe love to use Ukash as it is simple and age unrestricted. They don’t require any credit or debit cards and they don’t even have to provide personal or financial information. Customers just convert cash to a special 19-digit Ukash code and use that online. Limit on one transaction £200 / €250 or equivalent in other currencies. 

Benefits of Ukash 

They include the following:

Enhanced Security  

What was unique about Ukash was the security aspect. Ukash’s security level is unrivalled in the world of regular online payments, with an extremely secure community that allows you to make online payments without exposing personal data. The end-users could carry on with the knowledge that their information was not exposed to cyber-attacks. 

Anonymity  

Ukash also provided some anonymity.  Users could pay without bank accounts or even credit cards each time. This was especially appealing to those who prefer secrecy in online payments. 

Accessibility  

Ukash also uses convenience stores, gas stations and kiosks as distribution facilities. This allowed individuals to purchase vouchers with cash and pay by Internet, even if they didn’t have bank accounts. 

Global presence  

It is the payment channel now Paysafecard in 15 countries of the world encompassing an even larger portion of the European continent as well. Although based in Vienna, its function score is quite good where it exists. 

Reduced risk of Chargebacks  

Ukash used to have very small amounts of cashback. It didn’t occur because people didn’t connect bank accounts/credit cards with Ukash so there was no bank account from which cashbacks would be applied. Even the bearer of Ukash vouchers already had funds. 

How to use Paysafecard: A Guide to Secure and Convenient Payments

Buy a Paysafecard PIN: For a Paysafecard PIN, visit your local store or a dealer. 

To pay by internet or digital service choose Paysafecard at the checkout process. 

Fill in your PIN: Enter the 16-digit PIN of your Paysafecard when asked. Your card balance will be taken out of the total purchase amount. 

Benefit from Secure Payments: Pay for the transaction with the security that your financial data and information are protected. 

The transformation of Ukash into Paysafecard has not lessened the user experience they have. Those most clear traits are still security, convenience, and usability, and are in the hands of people around the globe. Paysafecard has done exactly what it says: allow users to do exactly what it says.

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