Ukash imposes new £180 transaction limit on codes in UK shops
From 16th February 2015, the maximum value of an individual Ukash code issued by shops in the UK will be £180. This is to bring it into line with the terms of their e-money licensed issued by the Financial Conduct Authority which allows the maximum value of an emoney transaction to be restricted to 25o Euros. At current exchange rates £18o is
On 16th February 2015 the maximum value of a single Ukash code issued from shops in the UK was changed to £180.00. This change reflects the weaker value of the Euro against the Pound. Ukash operates under an emoney licence from the Financial Conduct Authority and this sets out the maximum value of a single emoney transaction to be 250,00 euros. At current exchange rates this is closer to the new L180 maximum.
The new maximum value applies only to Ukash issued in shops in the UK from 16th February 2015 onwards. Codes over L180 issued before this date will be processed as normal. Revised Ukash Terms and Conditions can be seen here: www.ukash.com/terms
We trust that this change does not cause you any inconvenience but you can comment via social media, at Facebook.com/paywithukash or on Twitter @paywithukash or by email to [email protected]
Yours sincerely
The Ukash team
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