Skrill Ukash Join Forces For Online Gambling Payments

Published Monday, December 01, 2014 -
Skrill Ukash Join Forces For Online Gambling Payments

Online gambling has come a long way over the years and a huge hurdle for operators has always been payment processing. America banned online gambling in 2006 by restricting payments to and from online gambling web sites and prosecuting and eventually fining those who didn’t obey the new laws. The legacy that the Unlawful Internet Gambling Enforcement Act of 2006 has left is still being felt in the States with some banks and major credit card companies refusing to process money related to internet betting even though it is legal in New Jersey, Nevada and Delaware.

One method that payment processors have found to be an effective in combating the difficulties associated with payment processing for online gamblers is the prepaid card service. Online payment processor Skrill Group recently announced it had cut a deal with another payment service provider Ukash in order to add strength Skrill’s paysafecard pre-paid product. The arrangement details have not been revealed but it has been suggested that Skrill will expand its range with the Ukash and paysafecard alignment. Since 2013, paysafecard has grown into a network of more than 450,000 distribution outlets in 39 countries.

Ukash’s  Chief Executive Officer David Hunter commented, “By becoming part of Skrill Group, Ukash will come together with paysafecard to deliver payment innovation and give customers choice and confidence when engaging in the digital world.”

Paysafecard’s  Chief Executive Officer Udo Müller, also commented on the arrangement with Ukash, “The acquisition of Ukash will bring together two prepaid technologies with strong synergies, enabling even more customers to pay online as safely and easily as with cash.” Müller continued, “Ukash increases paysafecard’s global presence and will open up new opportunities for online businesses.”

David Sear, that will take helm at Skrill in 2015 said, “We are proud to support both consumers and online businesses with the world's largest online cash replacement payment method and look forward to serving a combined base of millions of consumers around the world.”





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