Pros and Cons of Phone Bill Deposit

There exists a repertoire of payment solutions that punters can use to deposit money to online casinos of their choice, varying from eWallets to credit cards to banking and more. Phone Bill Deposit is currently one of the newest and most intuitive payment solutions currently available to casino aficionados.

This mode of payment is a relatively simple concept, and even easier to utilise. Pay by phone bill allows you to cut through the convoluted hassle associated with other payment methods and enables you to deposit money straight from your phone credit. Every time you play real money games at casino sites pay by phone bill, whatever you spend will be added to your phone bill at the next payment cycle.

Mobile punters have a selection of service providers to choose from when it comes to paying by phone bill. Some of the most common and well-established providers include Zimpler, Neteller, Trustly, Payforit, and most prominently, Boku. Online casinos are increasingly adopting services from such provider, with the biggest brands in iGaming already offering this exciting method of payment. In this guide, we provide some of the benefits and drawbacks of using phone bill deposit to fund your online casino.

Benefits of Phone Bill Casino Deposits

Mobile bill deposits are advertised as a quick and convenient way of funding your online casino account, without having to use your eWallet, credit card, or even create an account. It couldn’t get any easier that this. Here, we analyse the main advantages of using casino pay by phone bill:

• Secure and Quick Payment Method

  as a punter, it is always crucial to seek out banking methods that guarantee safety and security. Phone bill deposits are comparatively secure because no need to give out extra personal information or create an account. The transaction is super fast and convenient, all you need is just enter your mobile number, and you’ll be done.

• No Registration Required

  as mentioned previously, there is no need to create a special account (as in the case with eWallets) for you to take advantage of this payment method. Pay by phone bill relies solely on the mobile number, eliminating all the hassles of creating and managing an extra account.

• Fully Regulated by the Mobile Networks

  to assure security and safety, the phone bill deposits are regulated by three highly respectable entities. First, AIME, an industry leader that provides longevity and support in this ever-changing business environment. Second, PhonepayPlus, an organisation that regulate phone-paid services in the UK. Third, Ofcom, an independent and reputable communications regulator in the UK.

Drawbacks of Phone Bill Deposits

As with other payment solutions, paying by phone bill also carries a number of cons that you should consider before making a decision. These drawbacks include:

• Lack of Withdrawals

  most pay by phone methods doesn’t provide withdrawal options, which means finding alternatives to withdraw winnings.

• Deposit Limits

  phone bill deposits are designed for small transactions which can be very disappointing for higher rollers. For example, Boku spending is restricted at only £30 per 24 hours; punter looking to spend more than this are better off with payment methods such as credit cards, visa, or bank transfer.

• Can Result in Massive Phone Bill

  by using this method, punters risk of easily running up huge phone bills at the end of each cycle. Managing this bill can also be challenging compared to other forms of payment, especially in cases of repeated use.