Online banking is one of the most popular payment options at online casinos. In addition to convenience, a main reason for this is that most UK residents already have access to it. Well, another thing that most Brits have is a mobile phone, and this opens yet another payment option at online gambling sites. Boku is a trusted and secure option that allows punters to deposit funds to their online gambling account through their mobile carrier.
So, which is the best option? To find the answer, we will examine both payment methods and run through the various pros and cons. You can then decide for yourself which option is best suited to your online casino gaming needs.
Boku
Boku payments were first introduced in 2009. The number of online casinos that allow deposits using the Boku payment system is growing. However, its popularity still lags far behind many other popular methods like eWallets, debit cards, and online banking.Â
When you make an online casino deposit using Boku, the funds are instantly credited to your account and available for use. The deposit amount is then added to your mobile bill which you pay at the end of the billing cycle. You can use this method in over 60 countries.Â
Another benefit of using Boku is that you donât need an app and you never have to divulge any banking details. All you need is a mobile phone and a contract. Of course, the whole get now and pay later aspect will appeal to many punters.Â
To deposit using Boku, go to your online casinoâs deposit page and choose Boku from the list of available options. The process then goes like this:
1. Enter the deposit amount and your mobile number.
2. You will immediately receive an OTP that you enter to verify the transaction.
3. Your deposit is instantly credited to your casino account.Â
4. You will receive a text message notifying you of the deposit.
5. Start playing and simply pay your mobile bill when itâs due.
As wonderful and convenient as Boku is, it does come with a couple of drawbacks. For starters, you can only use Boku to make deposits. Users have to find an alternative option for withdrawing. Another disadvantage is that Boku offers low limits. Typically, youâll find that the most you can deposit is around â¬30, or â¬240 per month, which wonât cut it for a lot of casino enthusiasts. This low limit is imposed by the mobile carrier and not the online casino. Limits vary from carrier to carrier.
You must also consider that most online casinos have yet to adopt Boku as a payment option. As such, users have fewer sites to choose from. Despite these shortcomings, Boku is a safe, fast, and convenient deposit option. Itâs just that it doesnât meet the needs of many punters, especially when compared to other options like online banking.
Online Banking
As mentioned, online banking is a popular option because most Brits already have a bank account. With this option, your casino deposits are transferred directly from your bank account to your casino account. One major advantage that online bank transfers have over Boku is that online banking supports withdrawals too. As such, you donât need to go through the hassle of using another option to cash out. If you have access to online banking, then you have everything you need.
Whereas Boku deposits have low limits, online banking lets you deposit as much as you want up to the casinoâs limit as long as you have it in your bank account. Perhaps the most significant advantage of choosing online banking over Boku is that the former is accepted at the vast majority of modern online casinos. This gives users access to more options in terms of the casino they choose to play at.
Boku Vs. Online Banking: Conclusion
Punters need to evaluate a variety of factors when searching for the most suitable payment option. Speed, fees, limits, availability, and security are prime considerations. When it comes down to brass tacks, most punters will go with online banking because it is far more flexible and offers more realistic limits. That said, some folks will find Boku more suitable. The decision is ultimately yours to make. Which option do you prefer?
