new way of paying for internet purchases by cash....good idea what do you think?

[zippitippitoes]

Ukash vouchers can be purchased at tens of thousands of high street outlets at values of between £5 and £100.

Vouchers are printed with a unique 19-digit number. The consumer chooses Ukash as the preferred method of payment on the merchant's website and enters the Ukash voucher number instead of a credit or debit card number. If the value of the voucher is higher than the value of the goods, a new voucher number is issued for the difference, which the consumer keeps as "change" to spend another time.>>>>>>>>>

I'm thinking of putting it as an option on my website....do you think it would be used?

I reckon it sounds quite good..

they're always trying to come up with non-cash payment solutions - cash is bloody expensive for shops and banks. this is a bit different as its for online purchases, but still i'd take a watching brief as no doubt it'd cost you to use - wait and see if it takes off. even if it is successful my guess it would take a few years for mass market adoption.

god i sound corporate there.

I already pay for payment processing and the card processors are offering the voucher processing too..

just looked to see where you can buy the vouchers for my postcode and it seems quite a niche market around here at least judgin by the outlets that sell them!

The vouchers sound like a good idea to me, zippi

There was something on Moneybox recently about a debit card which you put cash into and then can only be used up to that amount, limiting the risk of fraud, but there was going to be a 2% or 3% charge every time you used it.

(I can't use Paypal any more because they only let you go up to £500 on credit cards, after that it has to be debit card/bank details and having had my Paypal hacked into once I'm not doing that )

if it's free then go for it, deffo. must be very new - was in the industry til a year and a bit ago and it's new to me.

they would be a good idea for teens I think

just looked at the costs and they are nil to the consumer but 5.5% to me which is high and subject to £25.00 monthly minimum so no point unless you are going to hit that..how much would that be insales? Sounds a lot to me

doubt you would pay that much for processing any other form of payment, but i'm no longer up to speed