Although Ukash had established themselves throughout the UK since 2005, it was in 2014 when they were acquired by the Skrill online payment group that things really took off. Ukash used a voucher system with secure codes for online transactions and consumers would simply buy a Ukash ticket, enter the code at the sportsbook and start wagering.
When the Skrill group acquired Ukash, they began switching over the entire system to what is now known as PaySafeCard, but the entire process remains the same. The Skrill acquisition also made these cards more readily available to Canadians, putting them in convenience stores and gas stations across the country. That's why Canadian sports bettors will find many Ukash sites in Canada today.
Ukash Online Race & Sportsbook Handicapping Sites
While the Ukash system has remained relatively the same under its new name of PaySafeCard, the connection with Skrill means that it also falls under the MasterCard umbrella and can be used and accepted anywhere MasterCards are. That's why you'll see a plethora of online sportsbooks accepting this method of funding for Canadian bettors.
PaySafeCards are similar to MasterCard prepaid debit cards and users will have to go through a similar process when depositing at sportsbooks. This method prevents declined deposits that transactions directly from a credit card often endure, and there is no need to divulge personal banking information. In common, everyday shopping terms, they are very similar to purchasing gift cards for a brand and then using that “gift card” as currency.
For Canadian bettors that have grown accustomed to using their credit cards for everything, Ukash/PaySafeCards are a strong, secure alternative that eliminates the strong possibility of declined deposits from traditional credit cards because of bank's disgust to online gaming. Using these prepaid cards is a secure way to get funds online, and while you will have to set up another payment method to withdraw, if getting in on the action in a hurry is your immediate goal, Ukash cards are a solid option.