Youthnet, the UK’s first exclusively online charity, is also going to be the one of the first charities to benefit when Europe’s first virtual collecting tin is launched at Internet World 2008, encouraging people to donate the change from their online purchases.

The charity is one of those set to benefit from ‘Donate Your Ukash’, a new function on the Ukash website that allows online cash consumers to donate their Ukash ‘change’ vouchers.

According to Fiona Dawe, Chief Executive of Youthnet, the pennies can soon mount up if enough people are encouraged to ‘Donate Your Ukash’. “If everyone donated the 1p change from their £9.99p purchase using a Ukash voucher, we could raise thousands of pounds a year for our charity, and other Ukash partner charities.”

Ukash issues cash vouchers for consumers in the UK and Europe to purchase goods and services online.  The purchases are sometimes for a lower amount of money than the value of the vouchers, and Ukash will enable consumers to donate the ‘change’ that results from spending the voucher.
Mark Chirnside, CEO of Ukash says:  “We’re very excited about our new virtual collecting tin. We feel this is a dynamic way to provide charities with a new revenue stream by capitalising on the small value Ukash change vouchers that may not otherwise be spent.”
Getting and using Ukash is incredibly simple with vouchers from £5 upwards available from all of the 18,500 PayPoint terminals in the UK, found in newsagents, grocery stores, petrol forecourts and other convenient locations. The voucher is given out in exchange for cash and comes with a unique 19 digit number that is entered, like a debit card number, when spending online.

There are no fees charged to get Ukash, meaning consumers can use the full amount on their Ukash vouchers to buy online with single vouchers of up to £499. Ukash vouchers can be redeemed on hundreds of lifestyle, shopping, communications, social network and gaming websites in the UK. As a further safeguard, vouchers issued by PayPoint to under 18s cannot be redeemed at age restricted web sites.
- ends -

For further information please contact:

David Cox
Ukash
Tel: 020 7089 4067
david.cox@ukash.com

About Ukash
Ukash is a globally-recognised e-commerce cash payment method to enable online purchases using cash, providing freedom from credit and debit card fraud, repudiations and charge-backs, and protecting personal identity.

Ukash is regulated by the UK Financial Services Authority (FSA) and operates as one of the only a small number of Electronic Money Institutions, a status that allows a single maximum online cash payment transaction of up to £500/€750.

Uniquely numbered Ukash vouchers are widely available through payment terminals in retail outlets, via mobiles and online.

Ukash is now issued in 20 countries.

www.Ukash.com