Ukash (now Paysafecard) was established in 2005 in London, United Kingdom, to provide a cash-based means for online purchases. Ukash users could exchange cash for a set of 19-character long codes, which they could then use to transact.
Ukash and Paysafecard had similar security and accessibility values, making the transition easy for Ukash users. Today, Paysafecard continues to offer a safe and convenient way to pay online.
Benefits of Ukash
The primary advantage of Ukash was its emphasis on security. Ukash provided industry-grade security hard to beat by traditional online payments, using a tight-knit system to enable online payments without revealing sensitive user information. Users could proceed knowing that their data was safe from potential cyber threats.
Ukash also provided some anonymity. Users could proceed with payments without bank accounts or even credit cards every time. Individuals who valued discretion in their online transactions found this particularly appealing.
Ukash makes use of convenience stores, gas stations, and kiosks as their distribution points. This enabled people to buy vouchers with cash and use them for online payments even if they did not have access to traditional banking methods.
The payment method, now Paysafecard, is available in more than 15 countries of the world covering a larger span of the European region in particular. Although headquartered in Vienna, its functionality score is high in the regions where it is present.
Reduced Risk of Chargebacks
Ukash had a history of extremely minimal instances of cashback. It hardly happened because users didn’t connect their bank accounts or credit cards to Ukash so there was no bank account from which cashbacks would be carried out. Funds were also already secured by the issuer of the Ukash vouchers.
How to Use Paysafecard (formerly Ukash)
Using Paysafecard, which accepts Ukash, is a simple process:
- Purchase a Paysafecard PIN: To obtain a Paysafecard PIN, go to a local sales outlet or an authorized vendor.
- When shopping online or using a digital service, select Paysafecard as your payment method during checkout.
- Enter your PIN: Enter the 16-digit PIN from your Paysafecard when prompted. Your card balance will be deducted from the purchase amount.
- Take Advantage of Secure Transactions: Complete your transaction with confidence, knowing that your financial information and privacy are secure.
Ukash metamorphosis into Paysafecard has not reduced the satisfaction customers derive from using the platform. The most definitive traits are still security, ease, and simplicity of use, and is available to people in different parts of the world. Paysafecard has lived up to its name, allowing people to do what its name suggests.