Ukash® Pioneers cardless cash – Innovative new service converts Ukash back into cash at PayPoint locations

April 1, 2013 | Sarah Blackburn

Innovative new service will enable players to turn Ukash back into cash at PayPoint locations.

Online cash payment provider, Ukash is breaking new ground with the announcement of a unique service providing the facility to access cash without needing a debit or credit card. The new Cash Withdrawals service, which goes live later this month, provides a convenient and easy way to turn gaming winnings or spare Ukash back into cash at more than 24,000 PayPoint locations across the UK.

Until now, winnings would be returned to the user in the form of a new unique code, which could then be used to make further purchases, or combined with other Ukash codes. Now Ukash is going one step further by providing the facility, in partnership with PayPoint, for players to turn their Ukash back into cash.

As David Hunter, CEO, explains, “At the heart of this new service is our mission to give players the utmost flexibility with their Ukash. We also believe it creates even greater appeal for operators to add Ukash to their payment options.

“By partnering with PayPoint, we are giving players multiple points of access at the huge network of PayPoint locations around the UK. It could be someone who has been gambling or gaming online and wants to turn their winnings into cash or a consumer who has returned goods they purchased online with Ukash. The refund will be paid to them in Ukash which they can convert back into cash.”

Andrew Goddard, Retail Director at PayPoint, comments: “Ukash has proved very popular with our customers and as a footfall generator for our retail partners. We are delighted to add Cash Withdrawals to our range of CashOut schemes, which enable our retailers to further benefit from the growth and scope of e-commerce.”

Ukash enables players to spend cash securely online, removing the need to reveal personal financial information. Ukash codes are purchased with cash in retail outlets such as shops and petrol stations. The unique 19 digit codes can then be used to pay directly on thousands of websites that accept Ukash transactions worldwide.