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Here you can find the most important information about Boku payment provider and you are able to discover all its features as related to making payments in online casinos.
Background Info about Boku
Boku as a casino payment method may be more of a recent development than many others, but it’s just as handy. It provides users the possibility of making payments directly from their mobile device. So, if you’re a gamer who enjoy playing on the move, it’s quite an ideal option. Holding its headquarters in San Francisco, California, Boku offers itself up for the payment of goods and services. It does this by utilising the user’s phone number, and purchases made by this method appear on the monthly phone bill. This is a great method for those people who do not own a bank account or debit card. And it doesn’t just extend to casino sites either, but several online shops accept Boku today as well.
The company originally began its operations in Chesterfield, Derbyshire, United Kingdom. It was at this time that is was known as Vidicom Ltd., which came to light in 2003. Glyn Smith and Thomas Kirk sought funding from venture capitalists in Silicon Valley for their application known as Mobillcash. It wasn’t until the year of 2009 that Vidicom Ltd brought Boku Inc as a Delaware company into its services. At the same time, the entire company began operating under the name of Boku, launching in the USA in the same year. It was at this time that the company also acquired both Mobilcash and Paymo alongside $13 million from venture capital firms. One year later, an additional $25 million was acquired in a series C round. Following this, 2012 saw the company raise $35 million to expand globally. And finally, in 2016 a total of $13.75 million was given to Boku by a consortium of UK investors and GMO Payment Gateway. This would fund carrier connections for further global expansion.
Using the Service
We’ve all bought things online before, right? It’s usually quite a simple few steps of selecting your payment method and filling in the relevant details. When it comes to using Boku, the process is just as easy. If not simpler. The first time that you opt to use this service, you’ll need to enter your phone number. This is so that the service can add the charge to your phone bill. Then, simply confirm the purchase that you want to make, or in this case the deposit, and it will all go through for you. Funds are visible in your casino account instantly, so you don’t have to wait around for the deposit to happen. Then, when your monthly phone bill arrives, the charge will show for you. It really is that easy. And you can save it as your preferred payment method as well. This will ensure that you don’t have to keep inputting your phone number every time you use it.
Managing Your Funds with Boku
There really isn’t a great deal that can be said about services available from Boku. It really only provides the one function of mobile payments for the moment. One great thing about it, is that you can readily find it within many leading digital marketplaces. This includes the Google Play Store, Sony Playstation Store, Microsoft Windows Store and Facebook App Center. Therefore, you’ll be able to put it to use in order to purchase many different items. Of course, you can also use it for depositing funds into your favourite desktop and mobile casinos, at your leisure.
Another feature of the Boku service is that it can help to limit your deposit spending per day. This is due to the fact that there’s a maximum deposit amount of £30 per day with it. Therefore, once you have hit this maximum level, you can’t deposit until the following day. Players who wish to control their gaming deposits will find this to be a great help. And the minimum deposit is just £10, so you’ve got a small enough range limiting you.
Further to this, you do have the option of making withdrawals by Boku at some casinos too. There’s a minimum withdrawal value of £10, up to a maximum of £20,000 per week. So, you can actually withdraw more than what you’re able to deposit. However, this does not go to your Boku account and appear as credit on your phone bill. Instead, it’s usually the case that the casino will send a cheque to you within 3-5 business days.
Casinos Where Boku Can Be Used
Because mobile gaming is becoming a lot more prevalent these days, Boku is also being used a lot more. Therefore, you’ll find a plentiful selection of online sites that allow you to use this method. Fruity Vegas is one of them, for example. At this platform, players are able to receive a free £5 welcome bonus upon completing their registration. This allows you the opportunity to test out a few of the games before you start using Boku to deposit with.
Pros and Cons
The biggest advantage of using the Boku payment service, is that it caters very handily to mobile gamers. That being the case, it also works very nicely with those platforms that are primarily functioning as mobile casinos too. The fact that you don’t need to enter any personal details (with the exception of your mobile phone number), is another appealing feature. This means that your deposit is anonymous, and even more than that, you don’t have to part with the funds right away. Because they show up on your next phone bill, you will just pay for the deposit when it’s due. Of course, instant deposits are always a welcome sight, meaning that Boku is very appealing.
However, perhaps the biggest downside to this payment method are the limitations. Some players may think that £30 per day is quite meagre for an online casino. This is especially true when some sites offer welcome bonuses of 100% up to £500, for example. But, it could be very easy to sink into a routine of “oh, it’s just £30 per day”. Of course, if you’re depositing on a daily basis, these would all add up. This would provide you with quite a large phone bill by the end of the month.