Ukash Scam Information

Ukash offers a service that allows for a simple and safe way to make online purchases. Ukash works through a voucher system, which can be bought with currency and coins at a number of specified vendors throughout the world. The voucher is printed with a unique one-time use code that enables payment instead of traditional cash, credit cards or debit cards, and does not require a bank account, lengthy credit checks or personal credit information.

 

Ukash vouchers give a boost to online merchants as it opens up new market avenues for selling products and services. The vouchers can be purchased at the company's website or from terminals that are spread throughout 33 countries including South Africa, Canada, Australia, Europe and South America.

 

Ukash falls under the regulations of the UK Financial Services Authority (FSA) and is recognized as an official Electronic Money Institution. Operations are managed by Smart Voucher Ltd. and through contracts with local financial officials; Ukash is available in over 50 countries.

Purchasing and Using the Ukash Voucher Safely

Once a Ukash voucher is purchased, the value can be used for online expenditures at any of the thousands of online merchants who accept the Ukash voucher system. It can also be used to add funds to an e-wallet, prepaid card or used for payment at any establishment that accepts the MasterCard® card.

 

There is a growing list of partner sites that accept the vouchers and purchases can be made safely only through those participating partners. On the site's payment page there is an option to choose Ukash as the payment method and then a blank to fill in the voucher number and amount of payment. If the entire value of the voucher is not used, voucher "change" will be issued in the form of a new voucher code.

Avoiding Online Scams and Fraudulent Sites

Used correctly, online payments with Ukash vouchers are relatively risk-free. The vouchers should be treated like cash, kept in a safe place and only used to buy from authorized Ukash merchants. The voucher code should be kept a secret and used only for authorized purchases.

 

There are a number of common Ukash scams to be aware of, such as classified ad scams, loan scams and ransomware, which infects the user's PC through infected web sites.

 

To avoid risks, stay away from sites that exchange the voucher for any other form of cash or offer to sell timeshares for a fee paid with a voucher. In addition, steer clear of money mule plans, whereby the voucher owner is requested to receive money into his personal bank account and then buy Ukash vouchers with the money in exchange for keeping a commission.

 

The voucher should never be used to buy goods from classified ads and the voucher number should not be posted in an email or provided through a telephone conversation where it can be stolen. Used correctly, the vouchers are safe and reliable but we are aware of fraudulent uses that risk the customer losing the entire value of the Ukash voucher.

 

Read more about Ukash and learn how to pay with Ukash vouchers online.