Casino Depositing Options GravestoneWe’re always encouraging our readers to push the boat out and try out different depositing methods at mobile casinos. Finding an alternative payment method that really works for you can transform the way you play, but there’s an unfortunate flip side to seeking out different ways to pay. Though uncommon, it’s not unheard of for banking option services to go defunct, causing confusion for players and casinos who have been using them. In this post we’ll look at a few of the depositing options which, while once popular, for one reason or another went out of use, causing a big re-think for those using them.


 

UseMyWallet

Many payment options go out of use due to questions being raised about their ethics or legality. While UseMyWallet was never strictly speaking breaking the law, it teetered around what was acceptable, which for a number of reasons led to its demise.

UseMyWallet LogoUseMyWallet was an e-wallet service which functioned almost identically to PayPal – allowing users to access cash directly from cards or bank accounts for use online – but with the key difference that it was targeted directly at online and mobile gamblers. UseMyWallet was available internationally, and used throughout the online gambling industry, but where it really got a foothold was in the US online poker scene. Because of the question marks hanging over the legality of online poker in the US, few banking methods were willing to operate in the industry, leaving a void which UseMyWallet was more than happy to fill.

The service wasn’t totally unaware or how dodgy its operations looked, and sought to remain somewhat under the radar by limiting the number of people who could open accounts. Teaming legal grey areas with limited growth opportunities inevitably led to the company’s collapse. Luckily for players, no money could actually be stored through UseMyWallet, so although it was inconvenient for it to disappear over night, no one lost money over it.

 

FirePay

The story of FirePay isn’t hugely exciting and it’s one shared in common with any number of depositing methods which have failed to get a foothold in the market, but it’s a good lesson on how monopolised the e-wallets market is.

FirePay LogoFirePay was introduced in the early 2000s as a competitor to PayPal. Despite the fact PayPal was still in its relative infancy, it already had a stranglehold on the market, which made it difficult for new companies offering similar services to get noticed, and more important, get contracts with online vendors and mobile casinos in order to encourage users to sign up.

In 2007, despite having 1.5 million users signed up to use the service, FirePay sent an email to all its users informing them they would no longer be able to use their accounts. There was little excitemen, and no massive drama, FirePay just couldn’t get recognised in an industry already dominated by a giant.

 

Ukash

Of all the defunct deposit methods on this list, Ukash was the most famous and widely used. The system allowed users to buy voucher codes – either online or as physical vouchers in shops – which could then be used to deposit the value of money at mobile casinos, or use for other online purchases.

Ukash LogoUnlike some of the other payment methods in this list, which simply disappeared into obscurity never to be heard from again, Ukash didn’t really go away, as much as get swallowed up by a larger entity. In early 2015, it was announced that the company Ukash had been bought by Skrill – another popular deposit method many players will be familiar with. Through the rest of the year, plans were made to merge Ukash’s voucher scheme with Skrill’s own PaysafeCard, and by 31st October, everyone with Ukash vouchers had to have used them up.

Though the end of Ukash was well publicised, critics of the move have suggested that there are still a huge number of unspent Ukash vouchers kicking round which are now worthless. Many are worried that not enough time was given for players and other Ukash users to get rid of their vouchers, and it’s more than possible that there are people in possession of unused Ukash vouchers who don’t realise they can’t still use them.