What is netCash?
netCash is a new way to buy and sell online. It's cash instead of credit, so no concerns about spending more than you can afford and no worries about card misuse or fraud. Spend as much or as little as you like — netCash is just like cash in your pocket.
Pay only for what you are buying and leave the rest safely in your pocket. Example — if goods cost £9.99 then with netCash you pay £9.99; no more, no less. It's so easy! Don't risk having your card maxed out — pay with netCash instead. netCash is the safest way to shop online.
How does it work?
netCash works by converting your money into digital cash, which you can then spend online or via your mobile phone. To buy netCash you place money into the netCash bank by making a deposit into INSCX segregated client accounts. We then convert your money into digital cash on a 1:1 basis.
You can give netCash to other people via:
- The netCash transfer feature
- Your mobile phone
- Print it and treat it like real money
You can also convert your netCash back into real money at any point in time (as long as you have a bank account). Because netCash converts real money into digital cash, you don't need a credit card to use it — so you can still buy online and take advantage of bargain prices. netCash can be spent directly from the netCash portal or by selecting the netCash payment option on any website that accepts it, just as you would with a conventional card.
Where do I start?
- Register
- Once you have registered with netCash (open to approved INSCX exchange members) you can use all of the netCash services, giving you greater access, flexibility and security with your money online. You can then put netCash in your safe via digital banking.
- Buy netCash
- Visit the buy netCash section to find out how you can buy netCash with real money, with full instructions on how to fund your account.
- Spend netCash
- Visit our online portal, which makes spending netCash easy — search for a product or browse the stores, add products and check out. Each retailer receives your order and confirms the sale. You can also spend your wallet notes with any retailer who accepts netCash.
Buy netCash
To buy netCash, make a deposit into the INSCX segregated client account shown on your deposit page. Reference the deposit with your unique deposit code so we can match it to your account automatically.
Once your funds arrive, we convert them into netCash on a 1:1 basis and credit your safe. From there you can move netCash to your wallet to spend, or send it to another member.
Final narrative to be supplied by INSCX — this section currently reflects the live deposit-to-safe flow.
Activate netCash
Received netCash from someone else — by transfer, email, mobile or a printed note? Activate it to add it to your wallet. Sign in, go to Collect, and confirm the incoming amount; it is then yours to spend or redeem.
Final narrative to be supplied by INSCX — this section currently reflects the live collect / activate flow.
Institutional licensing
This INSCX-restricted edition of netCash serves two audiences: producers wishing to sell materials in small volumes and the exchange buyers who purchase them, and institutions interested in licensing the netCash clearing & settlement system for their own use — banks and other exchanges who wish to operate their own 1:1 deposit-backed clearing house.
Institutional narrative to be supplied by INSCX — this tab is ready for the owner's text on bank and exchange licensing of the netCash system.
Explore institutional licensing