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UPayCard is an e-wallet that lets you make online purchases, transfer money to other UPayCard account holders worldwide, and withdraw funds instantly & securely, all in 20 different currencies. It’s as easy as opening a free account, and you’re good to go. What’s great is that UPayCard also offers free physical cards, which you can use. UPayCard Global, secure and comprehensive eWallet and MasterCard payment solution, accepting worldwide users.

1. Upaycard Ltd Denmark Ltd
2. Upaycard Ltd Denmark Share Price

UPayCard is a payment solution that is full regulated by the Financial Conduct Authority in the United Kingdom. It has been on the market for a few years now but existed somewhat in the background until 2017, after which it became one of the fastest rising payment solutions worldwide.

It has been said that UPayCard was created after learning from the mistakes that popular web wallets made, including Neteller and Skrill. And that’s saying something, because if you ask many online gamblers Neteller and Skrill are two of the best payment solutions online.

So, is that true and is UPayCard one of the better payment solutions out there, or should you stick with other available options? That’s what we aim to get to the bottom of in this extensive UPayCard review.

About UPayCard

As mentioned above, UPayCard is regulated in the United Kingdom for the issuing of electronic money and other payment services. It is registered under the name Moorwand Ltd in south-west London. It was first launched in 2013 and has been steadily gaining ground ever since, essentially building on a service that is similar to the likes of Skrill and PayPal and trying to muscle its way into an industry that has been dominated by these names for many years.

It uses the latest technology and state-of-the-art security to ensure its customers’ transactions remain safe at all time. It likes to consider itself as your “local supplier” wherever you are in the world and claims to have a team that has been operating in the prepaid-card industry since the very beginning.

So, the security is there, the technology is sound and the experience is also in plenty supply. But what does that mean for the average online gambler looking for a cheaper, better or more accessible payment solution? Is UPayCard the answer?

Pros of Using UPayCard

These days all payment providers are secure, or at least they claim to be. They try to make themselves as secure as possible and that should ensure they are difficult if not impossible to hack, even though that is never the case. Unless one of them drops the ball, the security shouldn’t be an issue and the latest encryption tech should be a given for all companies that operate in this industry.

The only things that you can truly base an online payment solution on are the fees it charges and the amount of sites that accept it. As far as the fees go, you will struggle to find anything better than UPayCard. They took the Skrill mold, realized that the only issue that many customers have were the fees, and then removed most of them.

It does not cost anything to setup a UPayCard account and to maintain one. It is also free of charge to send and receive money, to check your balance and statement and even to leave your account inactive. The only time they seem to charge is when you deposit money into your account and withdraw money out of it, at which point their fees are roughly the same as Skrill, if not slightly less.

Their withdrawals charge a set price of $3 for Visa and MasterCard and between $10 and $25 for a bank transfer. You will also need to pay 1% of the total if you withdraw in Bitcoins. As for the deposit, it can range from 1% to 2.9%, depending on the total and the method. They accept a variety of methods, including credit and debit cards, and most transactions are processed quickly.

You can also use your UPayCard account to buy an actual card and have this shipped to you. From there you can use it just like a debit card, making all kinds of purchases. You can withdraw through an ATM as well if you choose. So, basically, you can deposit winnings into your UPayCard account, get these on a physical prepaid card (the card is free, but you pay for shipping and handling) and then use this to spend freely.

Cons of Using UPayCard

While UPayCard excels with regards to fees, it lacks the accessibility that Skrill provides.

Skrill and Neteller, combined, are available on more online casinos and sports books than PayPal is. But regardless of whether you use PayPal, Skrill or Neteller, you can still have your pick of the majority of regulated gambling sites around the world. However, that’s not the case with UPayCard. Only a small number of betting sites allow you to use this card and that’s a bit of a letdown.

On the plus side, the list of compatible sites is growing all of the time and will continue to grow as UPayCard expands. What’s more, there are countries where PayPal, Skrill and Neteller can not be used, countries where you may be able to use UPayCard. For them, UPayCard becomes one of the most accessible payment solutions on the market, while the Big Three are completely useless.

UPayCard in India

Many web wallets and payment solutions are not available to customers in India, but UPayCard bucks that red, which is part of the reason it has grown so quickly in recent months. There is a huge list of accepted countries, one much too long for this guide. But needless to say if you have money and access to gambling sites, then you should be able to use UPayCard.

In fact, many Indian players prefer this to other methods and it has become their main payment solution for funding and withdrawing from online gambling accounts. And why not? It’s safe, it’s cheap (and mostly free) and it’s accessible.

Our Thoughts on UPayCard

Upaycard Ltd Denmark Ltd

There is a lot to like here. One of the things we dislike about payment providers like Skrill is the accumulation of fees, which means that large chunks of your money is taken by the time you deposit, play, transfer and then withdraw. There are still some of those fees taken by UPayCard, but not quite to that extent.

The main benefit of UPayCard, however, is the fact that it can be used in countries where other payment providers can’t and that’s crucial for gamblers in countries like India. All in all, this is a solid payment solution and one we are more than happy to recommend.

Upaycard is a free and open – source online platform that delivers high quality payment solutions while compared with the competitive rates of the market. It facilitates the easy transfer of money from one account to the other. It does not take the responsibility for the usage of data charges from the wireless service provider of the user. (Link to Official Page)

The main responsibility of upaycard is to allow withdrawal or deposition of funds and processing of payments. The users can utilize the banking features of Upaycard even through their mobile devices. Such features include:

Alerts through SMS: If an user’s account is accessed, he will immediately get an alert regarding the usage via SMS or message.

Balance requests: This feature permits the users to track information about the current balance in their accounts.
Acivity requests through SMS: This feature allows the users to make activity requests by sending SMS.
Security keycode through SMS: This feature provides safety to the users’ accounts by sending an SMS verification code, in case of any login performed in their accounts.

UPayCard and Bitcoin:

UPayCard offers a global payment solution with multiple services and competitive rates. It’s e-Wallet has numerous currencies and can be loaded using different ways including Bitcoin, Alipay and WeChatPay. UPayCard e-Wallets offers a full Bitcoin Exchange. Which means customers are able to store, exchange to other currencies and withdraw.

Recommended post: 23 Best Bitcoin Debit Cards

Unique features of Upaycard:

• It is a highly secure payment gateway that is used all around the world.
• It holds an online wallet (e – wallet) for the safe storage and access of the users’ funds.
• It offers global and cost effective payment services in an instantaneous way.
• It facilitates the management of funds and offers a wide variety of valuable services to its users.
• It imposes only very low transaction charges, thereby helps the users in saving their money.
• It avoids fraudulence issues by using several kinds of operational and technical methodologies.
• It allows the users to make payments via multiple currency types. This can be achieved with the help of its State – of – the – art payment mechanism.
• It holds a strong and professional customer support team, which is available on a 24*7 basis.
• It provides a facility of chat support, which is very much useful for the users to solve their queries at an instant manner.
• It facilitates the movement of funds into multiple accounts in a simple and effective manner.
• It provides online statement for each and every transaction performed on the users’ accounts.

Payment Options:

Upaycard accepts payments via the following methods:

• Visa
• Master card
• Maestro
• Union Pay
• Poli

Fee for fund deposits:

• Percentage for union pay transfers: 1.2%
• Percentage for Alipay transfers: 1.2%
• Percentage for Bitcoin transfers: 1%
• Percentage for Wechat transfers: 1.2%
• Percentage for master card transfers: 1.2 – 2.9%
• Percentage for Visa transfers: 1.2 – 2.9%
• Percentage for Bank wire transfers (Deposit): free

Fee for fund withdrawals:

• Percentage for Bitcoin withdrawals: 1% while 2% for Express withdrawals
• Percentage for Bank wire withdrawals: 10 – 25 US Dollars

Charges related to Upaycards:

• Minimum limit for fund withdrawal: 10 Euros
• Charges for physical card access and shipping: 9.95 Euros
• Charges for the inquiry of ATM balance: 1 Euro
• Charges for the withdrawal of ATM funds: 3.5 Euros
• Charges for foreign exchanges: 3%

PHYSICAL CARDS

VIRTUAL CARDS

Applications of Upaycard:

Upaycard can be used extensively for the following:

• Online purchases
• Withdrawal of funds
• Transfer or exchange of funds

Hope you enjoyed this article on Upaycard review. Please share your experience and feedback with us in the comment section below.

Upaycard Ltd Denmark Share Price