Today, if you want to make a deposit at an online gambling site, there are many methods to choose from.
This page is going to focus on a new method that may be of interest to many of our readers: paying for your casino deposits by using your phone bill.
At first, this concept sounds too good to be true. However, once you learn how it all works, you will see that it is a legitimate way to make your deposits quickly and securely. Here is a step-by-step breakdown:
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The casino industry is modernizing, with many sites now offering a mobile platform for their players. In fact, the number of players using their devices instead of a PC or a laptop is growing at a very quick rate.
Despite the modernizing of the games and platforms, the payment processing arm continues to cause headaches for players and operators.
Between the constant changes to regulation like UIGEA in the United States and the closing of smaller payment processing companies without notice, chaos has always been a part of getting money to and from a site.
On top of that, processors charge new sites a premium for gaming transactions, making it far less profitable. Globally, the gaming industry has been looking for alternatives to standard credit card processing companies.
Over the years, many companies have become the next “savior” for the payments arm of the industry. PayPal was very popular until eBay bought them and gave them 30 days to shut down all gaming transactions.
Third-party processors such as Neteller and Skrill have helped, but not everyone has access to them, and they still require a player to go through a lengthy process to open an account.
Recently, Bitcoin and other cryptocurrency have become fashionable, but it is still too volatile a product for the general public. Paying by Phone became an option a couple of years ago, and of all the methods that have come and gone, this seems like the one that is going to finally stick.
First of all, and most importantly, making a deposit with your phone is much safer than putting your credit card online at a site. With all the information compromised in hacker attacks over the last few years, it makes sense to have that information in as few places as possible.
Seeing as your phone company already has all your information on file and is only sending an approval message to the site, you do not have to add your credit card information to the gaming site.
Furthermore, you will need to be in front of your phone to complete the transaction, as a confirmation code will be sent to the device. This makes it even harder for possible scammers to get a hold of your account.
There is a subsection of the population that either doesn’t have a credit card or doesn’t want a gaming transaction on their credit card statement. The option of paying by phone allows a player to make an instant deposit and pay it at the end of their phone bill cycle.
As long as you have a phone plan that will allow these transactions, then you have another way to play now and pay later for your gaming experience.
Online gambling sites are always trying to save costs, and payment processing can be one of the largest expenses a site will face over a year. With most of the credit card processors charging between 10-13% per deposit, finding alternate methods is in their best interests.
Paying by phone definitely comes with a lower rate, which means the site should be giving you an extra bonus for choosing this method.
Look for sites that offer extra incentive depending on the payment method you choose; if you don’t see anything at the site you want to try, then just reach out to customer service; they are authorized to give out small bonuses when a player calls.
If your phone company allows you to make payments using your phone bill, it is very likely that they limit transactions to a certain amount of money on a daily or weekly basis.
If your phone is prepaid, you will be able to spend right to your remaining balance, but bear in mind that your phone may stop working the next day as a result.
With this in place, you have an extra layer of security to make sure you don’t overspend on your gambling habit; this is still a critical piece in your overall enjoyment in the space.
The pay by phone model started in the UK and Australia, and have quickly moved to other countries. It isn’t as prevalent in the U.S. for obvious reasons, but we can assume that it is only a matter of time before Americans will be able to pay for their deposits with their phone bills.
As for other countries, you will need to check with your casino of choice to see if it is an option, or you can reach out to Zimpler and Boku directly, and they can easily tell you if you can open an account from your country of residence.
As far as we are concerned, options like paying with your phone are exactly what the online gambling industry needs to move forward in an increasingly modern world.
Just as cash transactions are going by the wayside in retail and other land-based industries, the high-priced, volatile credit card processing will soon be a thing of the past in the gaming industry, especially if great alternatives like paying with your phone remain an option.