The Pros and Cons of Mobile Deposits

Mobile PaymentsMobile deposits are becoming the go-to payment method for many online casino players. Services such as Boku have made it easy for people to fund their casino accounts straight from their mobile phone, and the process is fast and efficient. However, some players are still hesitant to make the switch from more traditional methods.

This is entirely understandable if you feel like you still don’t know exactly how mobile deposits work, and what the advantages and disadvantages are. Making an informed decision is important, and this is why we’ve decided to give our readers a comprehensive guide to the pros and cons of mobile deposits.


The Advantages Of Mobile Deposits

Here are some of the major reasons why we, and so many others, love mobile deposits.

No Registration Required

Login DetailsAre you tired of having to remember login details for everything you do online? Between email passwords, casino accounts and your internet banking, it can be a hassle to add another set of usernames and passwords to your daily ritual.

Not to mention, it definitely slows things down. Luckily, Boku doesn’t rely on account details like PayPal or other e-wallet services. Instead, you simply enter your mobile number to make a payment and it will be charged to your phone bill directly.

No Bank Required

There are few payment methods available for those who don’t have a bank accounts, and it can be difficult to find a way to deposit if you’re one of the many ‘unbanked’ in the UK.  As mentioned above, Boku uses your phone number to make the payment. This means that you don’t even need a bank account to deposit in this way.

It’s a common misconception that to use Boku you need to have a pay monthly phone bill. In fact, you can also use Boku on a pay as you go tariff, and the funds will simply be subtracted from your existing phone credit. This means you can top up your phone with cash in a shop or other retail outlet, and deposit the money to your casino straight away.

They Are Safe and Secure

Secure PhoneBoku is one of the safest depositing methods around. The only information you ever share when making a mobile deposit is your phone number. This stops you having to give you any bank or card details, which can often be nerve wracking for those afraid of internet fraud. If your payment is intercepted, the only thing a thief will get away with is your phone number, which is useless on it’s own.

Every time you make a Boku payment, you’ll also have to respond to a text message, confirming the transaction. This means that only you can authorize a deposit, and also gives you a second chance to cancel. All deposits are also followed up with a text message receipt, so you’ll always have proof of purchase if any problems arise.

They Don’t Allow You to Overspend

Over BudgetBoku has a strict £30 daily deposit limit. This makes Boku the perfect method if you’re a casual gambler who just wants to deposit small amounts every now and then, or if you feel like you need the structure of a deposit limit to make sure you don’t overspend.

The strict limits make sure your bankroll is protected, however if you do feel like your spending at casinos is getting out of control, then it may be time to seek help rather than depending on a depositing method.

They’re Strictly Regulated

The mobile payment industry is heavily regulated by the mobile networks. Boku works in conjunction with leading UK mobile operators such as Three, EE and Vodafone. These companies ensure that all payments are above board and secure.

Furthermore, in the UK there are three independent regulating bodies who are monitor mobile payments: AIME (an industry trade association), Ofcom (the main UK regulator for the communications industry) and PhonepayPlus (an organization that deals specifically in phone-paid services). Mobile depositing services must also meet legal standards, which means there’s recourse if anything goes wrong.


The Disadvantages of Mobile Deposits

As with any payment method, mobile deposits also have their drawbacks and these are something you should consider before deciding if they’re for you.

Deposit Limits

£30 Mobile deposits were designed for small transactions and Boku enforces a £30 per day maximum deposit. This makes sense, when you think of the fact the payment is actually being charged to your monthly phone bill. You’re not paying for it immediately, so phone companies need to ensure that players can’t rack up huge debts.

Depositing £30 a day will be sufficient for most players, however high-rollers who wish to deposit hundreds at a time may prefer a different method. In addition, as the limit is set by Boku themselves, rather than the casino, it means that the limit is enforced across all casinos you visit. This can be frustrating if you’re trying to pick up promotions or bonuses, so it’s important to consider.

Predefined Deposit Amounts

In contrast to other depositing methods, Boku is setup to only accept payments in fixed amounts. For example, most Boku casinos accept deposits of £5 or £10 at a time, whilst some may also accept £3 and £20 deposits too.

This shouldn’t be a problem for most users, as the predefined amounts are sensible and considerate of everyone’s budgets. However, there are sometimes where you just want to deposit a little more or less, and this isn’t possible with mobile payments.

One Way SignNo Withdrawals

One of the biggest disadvantages to using mobile deposits is that you cannot withdraw your funds in the same manner. Of course, this makes sense as mobile depositing charges your phone bill or your existing credit. It would be useless to be able to withdraw to either of these things, as all your winnings would only be able to be spent on calls or texts.

This means you’ll have to find a separate withdrawal method. Most of the time this should be relatively simple, although some casinos have strict rules about using two methods, to prevent money laundering. It may be that when you go to cash out via a different method, you’ll also have to provide identification for the withdrawal to be processed.

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