Online casinos are a lot of fun, but whether you blackjack or any of the thousands of online slots available, you will have to find a way to get funds into your account. There is an increasing trend of players wanting to fund their online casino accounts with cash. Throughout Europe, particularly the Netherlands and Belgium, online players can only wager at the state owned online casino. Wagering at privately owned offshore online casinos is, discouraged, if not outright illegal. As a result, residents of these countries prefer to keep online casino financial transactions from appearing in official records like bank statements and credit card statements. Many players are averse to using credit cards online for fear of identity theft. There is also the issue of closet online gamblers, who prefer cash transactions to hide their problem. However, since cash cannot be remitted through the Internet, Ukash has come up with a solution.
A product of Smart Voucher Ltd, UKash has evolved a business model that allows players to pay any amount of cash they wish at retail outlets and in exchange get a 19 digit code that can be transmitted electronically to online casinos. The code gives the casino the amount purchased by the player and also allows the amount to be recovered from Ukash. Bank accounts or credit cards aren‘t needed at any point of the transaction. The one downside to all of this is the lack of convenience . Nobody wants to travel far from his home or out of the way in order to acquire the vouchers. Ukash has solved this problem by making the vouchers available at corner shops and other convenient locations, as well as by mobile phone in some countries.

This entry was posted on Sunday, May 30th, 2010 at 10:27 am and is filed under Casino. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.