uPayCard casinos are one of the few gambling sites with the fastest payouts in the Australian casino industry. The number of players that prefer uPayCard deposits when playing at top casino sites has grown drastically since the money transfer service came into the Australian market in December 2017. The payout speed, as well as the fact that you do not have to give up any personal details, have influenced the popularity of uPayCard. Our UPayCard review helps new online casino players learn how uPayCard works and the benefits of using uPayCard. It also provides a list of online casinos that uses the uPayCard payment option.
Recommended Australian Online Casinos that Accept UPayCard:
What Is UPayCard?
Founded in London in 2013, uPayCard is regulated by the UK Financial Conduct Authority. Operating as an online payment solutions provider, uPayCard focuses on streamlining the process of international payment transfers and prepaid payment solutions.
The uPayCard platform functions in a similar manner to most e-wallet systems and supports a variety of online transactions in addition to separate virtual or plastic Mastercard accounts. At the time of their 2013 launch, uPayCard experienced a somewhat bumpy start, offering consumers a confusing product with complex terms and fees that slowed their initial growth.
Over the last few years, uPayCard has responded to consumer feedback regarding their platform and the mistakes of their competitors, such as Skrill and Neteller, and have completely overhauled their fee structure. The resulting fee structure is greatly reduced and, in many cases, has been completely eliminated, making it an extremely attractive option to individuals seeking a comprehensive online payment platform.
uPayCard And Bitcoin
The uPayCard platform has recently adopted Bitcoin as a loading method, making it a viable option for individuals seeking fast and simple access to Bitcoin as fiat currency. There are many dedicated Bitcoin debit card solutions on the market today, but they lack the flexibility that uPayCard offers as a payment platform unto itself.
With the addition of Bitcoin as a loading method, uPayCard can be used as a powerful way to both manage finances and use Bitcoin to either purchase products from online merchants that don’t accept the cryptocurrency or use Bitcoin to withdraw cash internationally.
uPayCard charge a 1% fee on standard market BTC conversion rates for loading, which is fairly standard in the Bitcoin debit card sector.
Can I Use This for Withdrawals?
Yes, this system can process both deposits and withdrawals for players. This makes it an ideal solution for those who want to handle all of their banking from a single source.
Are There Any Fees?
There are fees both for funding your e-wallet and for withdrawing funds from it. While bank transfer deposits are free, other sources carry fees that are typically about 1.2%; some credit card transactions may charge up to 2.9%, and bitcoin has a 4.9% fee. Meanwhile, bank transfers can come with fees of up to $25, while ATM withdrawals come with a $3.50 fee on top of whatever the machine owner may charge.
Do I Need to Register?
Yes, you will need to open an account with UPayCard before you can use this service. In addition, you may wish to acquire a physical or virtual MasterCard that will be associated with your wallet.
If you are registered with UPay, you can start paying by adding your credit and debit card to your card wallet. They are digitally secured by tokenisation adhering to international standards.
As soon as you have completed the registration, or log in after you have activated your account, you will be redirected to “My Wallet”. You can navigate to the card wallet by tapping on the card wallet icon.
- Navigate from your homepage to “My Wallet”.
- Click on Card Wallet icon.
- Select the preferred card type.
- Enter your card details & click on the “submit” button.
- Your card nick name, token and expiry date can be seen in your card wallet.
What are the types of cards I can add?
UPay allows you to add debit and credit cards from most National and International banks. Currently, the most issued bank cards among Sri Lankan banks are Visa, Mastercard and Amex. If you have credit or debit cards issued by your bank which are categorized as Visa, Mastercard or Amex as shown below, you can tokenizse your card with UPay.