Ukash takes a slightly different approach to other casino friendly eWallets in the way it uses an anonymous voucher system to allow you to deposit into your chosen online casinos.
The Ukash system allows you to hand over payment (either cash, eWallets and debit cards), in thousands of shops up and down the country or via mobile phone, in return for a unique 19 digit voucher code that you then input into the casino's cashier. As soon as you've added credit to your Ukash account, you then redeem it in the casino's cashier and you're off. In order to meet Financial Services Authority guidelines, Ukash limit their vouchers to £200, but you can hold up to five at one time, leaving you a total of £1,000.
Reasons to Use
- You don't need a debit or credit card to deposit. Cash only is fine.
- Can be topped up in thousands of high street shops.
- High security levels.
- Ukash won the Queen's Award for Enterprise in 2012.
Reasons Not to Use
- You can't withdraw back onto a Ukash card. Wire transfer and cheque are the other options.
- Cheques are used as default withdrawal method.
- Not ideal for players who deposit large amounts. You're better off with credit or debit cards.
Ukash Casino Fees
As you would expect, there's no charge for depositing using a Ukash voucher. In fact, there aren't any charges when using Ukash, which does make you wonder how they make their money. We have to assume that it's from other parts of the business as they also do currency conversions, mobile phone top ups and a credit card.
More About How the Voucher System Works
If you don't want to deposit all of the money on your voucher you'll receive a new voucher code for the remaining money left on your old voucher. And the fact that you can use cash means that the whole system is anonymous.
There's Always a Catch
There is however, one drawback. You're unable to withdraw money back onto your Ukash voucher. If you did deposit with Ukash then most casinos will automatically send you a cheque with your withdrawal funds, which isn't everyone's preferred payment method. However, some casinos like William Hill Casino will also offer to pay you via bank transfer.
The main reason for Ukash's recent success is the high level of security that it offers to its users. This security mostly comes through the ability to remain fairly anonymous when using Ukash vouchers. All you do is type in a code to deposit money at casinos - you don't even have to share any personal or financial details with Ukash.
They also provide assistance when it comes to assuring that the site or online casino you're looking to deposit at is safe. This is done with a list of genuine partners on their website that includes many of the casinos listed on Jackpot.co.uk.