A while back now uFun Club lost their previous payment processor services.

We’re not sure who they were using, but we do know the service was abruptly cancelled and affiliates were without a means to withdraw for months.

Last week we then started hearing about a new payment processor, specifically for uFun Club affiliates in western countries.

Initial announcements about the payment processor were pulled from Facebook in less than an hour, with affiliates threatened with their account being frozen if they discussed the processor in public.

Given the information blackout we didn’t initially have much to go on, but can now reveal uFun Club’s new payment processor is uPayCard.

Despite the name uPayCard appears to be an otherwise legitimate third-party payment processor.

As per their website,

We are partnered with three major companies in the United Kingdom to supply our best-of-breed prepaid payment products and services to our clients and customers.

Our Issuing Bank is a member of MasterCard International and is licensed to issue our MasterCard products.

Our Issuing Processor is licensed by both Visa International and MasterCard International to issue and process our MasterCard products and our card manufacturer, warehouser, personaliser and distributor is also licensed by Visa and MasterCard.

How is then a global $1.17 billion dollar Ponzi scheme has signed on with them then?

We have no idea. But one imagines uFun Club didn’t reveal the
fraudulent nature of their business model
 when they signed up.

UPayCard provides businesses with a comprehensive multi-currency payment solution that can be used to pay business and sponsored individuals worldwide.

A business simply needs to contract with UPayCard for a Business Account.

Upon being provided a Business Account, the business can then pay other business or individuals that also have an Account on the UPayCard system.

Whether uFun Club themselves signed up for a uPayCard business account or if they’re using someone else’s account is unclear.

What we do know though is that affiliates 
must
sign up to uPayCard via a link provided in their uFun Cub backoffice:

Once signed up, uFun Club affiliates then transfer funds to uFun Club’s “business account”.

This appears to be a separate bank account again, which uFun Club have hooked up to the uPayCard backend.

And for all the baloney talk about pre-IPO shares, for now it’s still very much business as usual. New uFun Club investors invest funds under the guise of purchasing bottles of water, and in exchange are given worthless uToken Ponzi points, which they are lead to believe hold a dollar value.

Even more amusing is that the uFun Club affiliate backoffice is still advising pickup is possible from uFun’s Thailand office, which was
raided and shutdown last month
.

Conveniently affiliates can also opt to donate their purchased water to some Thai charity, which I’m assuming is what everyone new signing up is currently clicking.

Given the

🤖 Quick Answer

What payment processor is uFun Club currently using?
uFun Club's new payment processor is uPayCard, a third-party payment service introduced after the company lost its previous processor. Initial announcements were quickly removed from Facebook, with affiliates warned against public discussion of the processor before its official revelation.

Why did uFun Club need a new payment processor?
uFun Club's previous payment processor services were abruptly cancelled, leaving affiliates unable to withdraw funds for several months. The identity of the former processor remains unconfirmed, prompting the search for alternative payment solutions.

How was uPayCard announced to uFun Club affiliates?
uPayCard was initially announced on Facebook specifically for western country affiliates. However, these announcements were removed within an hour, and affiliates faced threats of account freezing if they discussed the processor publicly.

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