The way the Bingo players transfer money has changed since the payment methods are reshaping and PayPal and Boku are standing proof of that. These two payment options have increased their reputation among the bingo players and today, both have collaborated with several gambling businesses.
With their popularity, the leading Boku bingo operators available in the UK provide a more refined online gambling experience. As for Paypal, those who opt for this timeless banking option will be able to both deposit and withdraw their money safely and securely. Despite Boku and PayPal being accepted by many bingo sites, let’s compare them by giving the advantages and drawbacks of using these two methods.
Why use Boku?
One of the benefits of using Boku is the high level of convenience provided by this mobile payment option. In fact, unlike other methods, Boku doesn’t need to rely on the users’ bank accounts. All they just need is their mobile phone number and confirm their transactions with a text message. In addition to that, since the players require the most secure payment option; this mobile payment company can exceed their expectations.
As the users don’t need to provide their bank details, the transaction is, hence, instantaneous and confidential. What’s more, with the new feature called Phone-on-File, released by this company, they are able to store their phone number as a payment method.
Why use PayPal?
Although PayPal is among the oldest online payment methods, this option has maintained its popularity among bingo players. Actually, the more banking options have been launched in the gambling industry, the more gamblers opt for PayPal. The reason is simple; this e-wallet is mainly recognized for its extra layer of safety and security when playing online.
Once depositing via PayPal, the disclosure of your personal information is impossible since your financial data is protected by PayPal. What’s more, this digital wallet is a quick deposit and withdrawal solution in which the process often takes instantly.
Why not to use Boku?
Unfortunately, Boku does not allow withdrawals back to the user’s mobile provider. This payment system only offers a deposit solution which is sometimes a real disappointment for the bingo players. Therefore, they have to find another alternative option before cashing-out their gains. Another reason to make this mobile payment method less effective is the deposit limit that can only be £30 daily.
This small deposit can obviously lead to the dissatisfaction of the High rollers since they are used to depositing a high amount of money. If this mobile payment system offered a withdrawal option, the players would probably be able to make both deposits and withdrawals through their mobile phones.
Why not to use Paypal?
Like everything, using PayPal as a bingo deposit and withdrawal payment system provides some disadvantages to the players. It is undeniable that this major digital wallet has seduced millions of gamblers thanks to its high level of efficiency and security. Nevertheless, the fees bundled with PayPal when cashing-out their winnings to their bank account can be sometimes higher.
In general, the PayPal company doesn’t charge fees but if yes, it often comes with lower fixed fees for its customers. However, as the fees are associated with credit or debit cards to fund payments, online transactions with funds outside the user’s country are charged a fee of around 2.9%.
Overall Winner
In some words, both PayPal and Boku have become the staples in bingo sites since they are considered to offer the most outstanding services among their customers. As a matter of fact, Boku resembles PayPal regarding convenience because both offer the quickest payment process. This procedure is instantly when making a deposit and the users are able to move funds securely and safely.
Despite the fact that Boku cannot be used as a withdrawal system, this new mobile payment option is effective because the players just use their mobile phone when depositing. All in all, it wouldn’t be fair if we choose the overall winner as these two top-notch banking methods on bingo platforms deserve a medal.
