Online casinos are turning to mobiles in many ways, the possibility of playing casino games and placing bets directly from a mobile phone has been one of the greatest progress of gambling industry, but this trend goes beyond just playing. Through this article we’ll review one of the biggest innovations in payments methods for virtual entertainment: Boku.
Online payments have evolved to provide new and more comfortable ways to purchase products and services online. Since the creation of e-wallets like Paypal, companies have realized they need to diversify the way they accept transactions form their users in order to acquire a bigger market, and phone payments are a great way to achieve that goal.
Keep reading to know more about this innovative payment method; we’ll explain how Boku works, we’ll tell you everything you need to know before you opt for this way to fund your online casino accounts and we’ll give you a quick review of how to select the best online casino that accepts Boku.
What is Boku?
Boku is a direct carrier billing service provider, this means Boku allows users to buy products and services online charging them directly to their mobile bill. Direct carrier billing represents a big advantage for all online payments as it allows companies to covers a bigger market; using debit cards for purchases online is not always available and there are several cards that are not accepted by merchants so for many years credit cards were the most frequently payment method available and used. According to Fortumo there are five times more cell phones than credit cards which give us an idea of how much benefit online entertainment providers, such as online casinos, can get from accepting this kind of transactions.
The market of direct carrier billing is rapidly expanding with new merchants that accept this payment method and more users turning to it due to its fast and safe features. According to MobilePaymentsToday the value of all the transactions done globally in 2016 via direct carrier billing was between $12 and $16 billion, they also expect this number to reach the $24 billion for 2019.
Even when direct carrier billing services such as Boku specialized primarily in digital products, one of the main driver for its recent expansion is the current availability for using this payment method for physical items. Boku has recently partnered with several companies to offer its services for acquiring physical objects like magazines and you can now even pay your coffee or meal with this innovative system. This expansion has allowed direct carrier billing industry to be currently available in more than 120 countries covering the 90% of the global population.
The key of success for direct carrier billing services is the infrastructure, when opting to use Boku to pay for your online entertainment you can be sure you’re using one of the biggest and most reliable company that has partnerships with companies like Google Play, PlayStation, Windows, Facebook and Spotify.
Boku is one of the biggest direct carrier billing provider in the world, its service is now available in more than 60 countries, the partnerships of Boku with carriers have been crucial for offering a worldwide payment solution, their direct carrier billing system is available in 40 currencies through more than 300 carriers, so you can be sure that having a phone line with a major carrier Boku’s service will be available for you to make online payments. This company with 12 offices around the world has not only service for one time payments, you can also program your monthly automatic payments through Boku.
Implications of using Boku in the gambling world
Now that we have defined what is Boku and how it works, we’ll review the main points of using it for online gambling. Using Boku for deposits in your online casino account is very simple. First you must go to the payment page of the online casino and select the option “Pay by Phone”, once in the Boku window you’ll be asked to introduce your phone number and the amount you would like to deposit, there are different ways to confirm the transaction according to the online casino platform and your carrier; some will send you a message that you must answer and some others will send directly a code that you’ll need to enter in the website to confirm your deposit. These transaction confirmation systems are a way to authenticate you as the owner of the phone line so you can relax knowing no one can make payments with your phone line without your authorization.
It’s important to remark that the messages for confirming a transaction with Boku doesn’t have any cost, in fact the use of Boku as a payment method doesn’t have any fee, which means the amount you select for deposit in your online casino account will be the same amount charged in your phone bill.
A great advantage of using Boku for deposits in your online casino account is the fact of keeping separate your financial information and your gambling account, as you won’t be needing to provide any other information than your telephone number.
For using Boku for funding your online casino account you need to fulfil some requirements: the obvious first one is to search for an online gambling platform that accepts Boku as a payment method, if you have a prepaid mobile phone you must make sure your balance is enough to cover the amount you want to deposit, and if you charge directly your phone line to your credit card you’ll just have to wait for your next invoice to see the charge in your phone line bill. As Boku is one of the biggest direct carrier billing provider you’ll be able to process payments if you’re user of one of the many major wireless carriers available.
The confirmation of transactions through direct carrier billing is really fast, according to Boku’s website, each transaction takes upon 15 seconds to be confirmed by the platform, however some online casinos make take more time to confirm your transaction and give you access to your accounts funds, it all depend on the online casino platform you choose. Once you use your mobile phone for entering funds in an online casino account the phone will be saved for further deposits.
Boku is considered a safe payment method for funding your online casino account not only because you are not required to provide any financial information, but also due to the different regulations it has in terms of safety like PhonePayPlus and Ofcom so you can be sure all your transactions are safe. When doing a payment with Boku you’ll receive by message a phone number you can use to reach the company in case of having any issue with your transaction. Remember Boku is only a transaction provider so every transaction you do with them is final and they are not responsible of the content or quality of the online casino you choose, so make sure to select the best online gambling platform for you before doing any transaction.
Disadvantages of Using Boku at Online Casinos
Boku also has some disadvantages as an online casino funding method. First of all, you must take in account that Boku is only a service to make payments which means you won’t be able to withdraw your funds from the online casino with this method. As this option won’t be available, for withdrawing your earnings from the online casino you’ll have to choose another payment method, providing your banking information or using other methods such as e-wallets like Paypal.
One of the first complaints about the use of Boku at online casinos is the limited budget for deposits. Boku focuses in small amount transactions which makes it ideal for social games and make payments through Facebook, however for funding your online casino account this might be a little bit restrictive as it will allow you to make deposits up to £30. This can be a great limitation for Boku in the gambling world as one of the main attractions of online casinos are their welcome bonuses that offer the possibility of duplicating your first deposit for up to £100 or £200 so by using Boku as payment method you’ll be giving up at least £70 of the bonus potential. It’s important to highlight that this budget limit for funding online casino accounts that Boku has is considered for many as a great way to keep a responsible gambling as a way to protect users from investing big amounts and keeping their gambling affordable and fun.
Finally, you’ll find several online casinos that use stablished amounts for using Boku to fund your account. While using any other payment methods you can select the precise amount you want to deposit, with Boku you’ll have only a few options like £30 and £20.
The Best Online Casinos that Accept Boku
As the market of direct carrier billing increases and becomes more popular among users, there are more online casinos that accept this payment method. Big casinos that have been for a while in the industry are turning to Boku as an innovation that may provide them a competitive advantage. However, the use of Boku to fund an online casino account is more popular in newest and smaller platforms, these small companies compete with gambling giants by offering the most innovative and comfortable features to stand out in the market and for the majority of these casinos to offer a phone payment method is a must.
Boku is especially popular among mobile casinos as it is to expect; mobile gamblers have preference to manage everything from their phone; including their payments. As the percentage of contract phones increases users are getting more used to pay monthly not only for their phone line contract but also for digital entertainment services such as Spotify, the market of direct carrier billing is growing constantly through this niche.
The quick mobile billing service of Boku is available not only for regular online casinos, this innovative service has also presence in the social casino world and is now accepted by some of the top social casino platforms such as: Badoo, Gameloft, Facebook, EA, Stardoll, Sony Online Entertainment, Nexon, Artix Entertainment, and many more.
As explained before the benefit of welcome bonus is limited in online casinos if you’re making the first deposit with Boku, as the transaction will be limited to £30. Online gambling platforms understand that this might be deceiving for several users, so they usually offer different promotions that are not related to the first deposit amount. It’s important that you verify these promotions to make sure you select the best online casino for you; you’ll find several online casinos that offer free spins promotions, periodically bonus and tournaments for certain games and even first bonus for subscription without the need of making any deposit, remember to make sure to read carefully the small print of these promotions to fully understand the requirements of each promotion.
For several gamblers, using Boku as payment method is a great option for testing new online casinos. The number of small and specialized casino platforms is increasing and It becomes harder to select the best online casinos, since you’ll surely find several options that seem to be a great choice for you but you might not want to open an account and provide your banking information in all of them, there’s where Boku offers another great advantage for online gambling as it might be a great idea to test different platforms with a small initial deposit like the ones available via Boku to find out which one is the best option for you. Always keep in mind that the best casino online is the one that offers you a great mix of games, betting modalities, innovations and promotions according to your preferences, so stop waiting and make a quick search to find the best online casino for you.
|Author: Tim Bolding
If you want to know how we select the information of our articles, how we rate online casinos or if you would like to know more about our writer Tim, don't hesitate in checking our About Us page.
Selecting the best banking option is crucial for your online casino journey, we invite you to check our exhaustive section of Payment Methods so you can compare different providers and select the one that works the best for you.