Ukash Payment System for Bookmakers: Comfortable and Secure Connection

The sports betting market is a dynamic environment in which new ideas related to business development regularly appear, including effective financial instruments. One of the most popular solutions in recent years is the Ukash service.

The system offers fast money transfers with maximum protection of confidential data. A simple and useful solution can be installed in land-based betting shops or integrated into digital platforms.

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Brief Information about the Provider

Ukash is a financial gateway from a British brand. The product supports fast and secure voucher transfers.

The solution was developed as an alternative to traditional banking transactions. Its key feature is the use of vouchers with unique 19-digit codes. This approach ensures the highest level of security of operations and data provided by the customers.

Owners of the gambling business will be interested in the integration of the Ukash payment system into the bookmaker’s office, online casino, lottery site, binary options trading platform, and other promising iGaming projects. The software is also suitable for land-based locations and betting portals.

The financial system can be easily installed in:

• kiosks;
• ATMs;
• outlets;
• self-service terminals.

The main stages of development of the Ukash company:

How the Provider’s Payment Service Works

The Ukash financial system for sportsbook platforms is based on voucher transfers. They can be used on gaming resources and in land-based betting shops. To use the voucher, gamblers need to register on the official site of the company, indicating their e-mail address and mobile number in the international format.

Key features of vouchers:

1. Limited validity period. As a rule, this is 12 months but there are also options with a period of 6 or 9 months.
2. Different denominations. The integration of the Ukash service implies the use of vouchers of different denominations: 5, 10, 100, 500 euros, etc. The maximum value of the means of payment is 500 pounds (750 euros). Players can hold a maximum of 5 vouchers at a time with a total value of 2,500 pounds (3,750 euros).
3. Single-use. If the value of the voucher is higher than the amount of the bet, the gambler gets a change in the form of another voucher with an updated expiration date and another value. The same voucher cannot be used twice.
4. Unique PIN code. It consists of 19 digits and always begins with the combination 633718. To complete the transaction, players need to enter the PIN code and the value of the voucher. Confirmation of the transfer will be sent to the client's e-mail address or mobile number that was specified during the registration process.

Features of the Deposition and Withdrawal of Funds

The Ukash payment system has more than 2 thousand licensed partners. These are banks, insurance companies, retail outlets, and financial institutions. There are no problems with the purchase and exchange of vouchers — settlement documents can be bought even in a regular offline store or a kiosk at a gas station.

Connection of the service implies several options for account replenishment and acquisition of vouchers:

1. Electronic payment services. The option is available in One Wallet, Privat24, Webmoney, RBKMoney, MoneyMail, and other financial aggregators.
2. Offline branches of banks. These are Privatbank, VTB Bank, Raiffeisen Bank Aval.
3. Self-service terminals. The Ukash payment system for betting shops is integrated into X-Plat, E-Port, and Qiwi settlement services.
4. International money transfer programs. The option is possible thanks to CONTACT, Unistream, and other services that support direct SWIFT transactions.
5. Salons of cellular communication. Gamblers can get vouchers in MTS stores.

The withdrawal of funds is presented in 2 versions:

1. Electronic payment system. Players have access to the same programs that are used for the deposition of money. These are WebMoney, Privat24, and others.
2. MasterCard prepaid cards. It can be received at the nearest bank branch. Users also can own Ukash Neo and Ukash Out cards. The first option is suitable for payments only in online stores, and the second one is better for online transfers and cash withdrawals.

There is another way: not to withdraw winnings but to spend it on the placement of new bids on popular sports events. Many gamblers do that, thus increasing the average check and the profitability of the betting company.

Why It Is Worth Buying the Ukash Payment System

Let us consider the main advantages of installing the brand’s financial service.

High Level of Security

The integration of the solution is well protected:

• Players do not need to disclose their confidential data (for example, bank card number or name of the sender). All that they need is to enter a unique 19-digit code in a special window.
• A record on the transaction is automatically sent to the e-mail address specified during the registration. This allows gamblers to better control the amount of money spent, as well as to instantly identify and block unauthorised transfers with the use of vouchers.

In 2012, the brand released “Recommendations for the safe use of Ukash”. One of its main points is the careful storage of secret codes. The provider insists that all operations should be carried out only at licensed facilities (sales outlets, terminals) listed on the official site of the company.

Comfortable Use

The Ukash payment system can be installed together with a special Ukash Tools admin panel.

Operators and their clients have access to the following tools:

• registration and verification using an e-mail address and a phone number;
• exchange of several vouchers with a small face value for another one with a higher value;
• registration of applications for the deposition and withdrawal of funds using popular financial systems;
• viewing reports and analytics on transactions;
• completing requests for the provider’s branded cards.

Holders of the Ukash MasterCard card have a wide range of additional opportunities. This is a balance check, replenishment without commission through the company's proprietary mobile application, the ability to send money to other Ukash cardholders, withdrawal of cash from ATMs, and other useful options.

The Ukash MasterCard solution can be connected to the bookmaker's CRM system in order to carry out mutual settlements with B2B partners (hosting providers, betting software vendors) and transfer wages to hired personnel.

Multicurrency Environment

The connection of the provider’s service involves transactions in US dollars, euros, pounds sterling, Polish zlotys, Ukrainian hryvnias, and other monetary units.

The product is distinguished by convenient conditions and favourable tariff plans:

• Commission for currency exchange is 2.75% of the transaction amount.
• To register such a multicurrency card as Ukash MasterCard, gamblers need to pay a one-time fee of 9 GBP.
• To get personal Ukash Neo and Ukash Out cards, gamblers will need to pay 15 dollars.

International Coverage

By deciding to buy the brand’s financial service, operators can expand the geography of their customers. Payments using vouchers are popular in Europe, North America, and many CIS countries. Players are attracted by minimal commissions and the instant transfer of funds.

The Main Things about the Installation of the Provider’s Financial System

• Their acquisition and replenishment are available through electronic payment programs, stationary cash desks of banks and self-service terminals, and mobile transfers in MTS mobile communication stores. Withdrawal of winnings is possible through electronic services or to prepaid MasterCard cards: Ukash Travel Money Prepaid, Ukash Neo, and Ukash Out.
• Vouchers have a limited validity period, a predetermined denomination, and a unique 19-digit code. At the time of payment, users need to enter a security key and confirm the operation via a voice call or a special window in the received e-mail.
• The main reasons to connect the Ukash solution for betting shops are a high level of security, comfortable use, multicurrency environment, international recognition, and access from anywhere in the world.

From our company, you can also receive such useful services as:

• creation of a unique wagering office;
• connection of the sportsbook franchise;
• integration of the White Label betting site;
• installation of certified financial services;
• drafting a business plan, and much more.

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For all questions, please contact our managers.