For a long time the issue of privacy and security has been a thorn at the side of both betters as well as betting sites. This is because these sites actually lose hundreds of customers because most of their clients do not want to trust them with their banking details. This lead to an innovation in the sector into alternatives for transactions with online betting sites thus maintaining their customer base as well as maintaining the feeling among their clientele of anonymity. Some online betting sites are using no deposit bonuses to attract users.
There are a number of third party applications that aid in this such as Boku and Payforit. The process is actually very simple where you deposit funds to your betting services by use of a pay bill. This cuts down on costs as there are no transaction charges incurred by the clients.
The process offers two tier security as personal information especially financial information is safeguarded by both the network provider and the banks from which the funds initially originated. This is because the network provider is very keen on transactions occurring under its jurisdiction so as to prevent unnecessary lawsuits.
Boku is a globally acclaimed service provider that enables its customers to deposit funds using phone bill to online betting sites. It is also referred to as pay by phone Here are some of the betting sites that have partnered with Boku:
You also can read our article for free In-Play/Live betting tips.
First and foremost is the convenience this offers because at the comfort of wherever you re you can be able to make bets and deposit funds without the hustle of banking transactions with the entire process being so seamless that it takes a very short time.
There is also a third tier of security involved whereby Boku makes confirmations of transactions through SMS and the transaction unless acknowledged and authorized at this stage will not occur, it is very clear that it is very difficult for fraudsters to gain access and also provides evidence for any complaint for anyone involved in the process be it the service providers or the online betting site.
A major problem that has been facing the betting sector is overspending by its clients that even leads to some being bankrupt. This notion has led to the activity being viewed as a vice but it has been sufficiently tackled by Boku that has a daily limit that will ensure you have control of your funds by monitoring your spending and preventing overspending. The goal of the move was actually to ensure the integrity of the accounts of clients is maintained such that once one’s account is compromised then they will not have such an exorbitant phone bill due to fraudsters using Boku for scams.
A problem with Boku is the daily limit with most stakeholders being of the notion that it gags the sector.
The entire process is quite simply. You will just have to provide your mobile phone number and then the bet amount. After this you will receive a confirmation message that will require you to ascertain that you actually want the process to happen. After confirming the transaction the amount of money will appear in your wallet in the betting site which will be added to your phone bill by your network provider to be paid for as you pay for your phone bill. You will then receive another message as a receipt of the transaction.
Other strong contenders for payment via phone bill are;Siru Mobile
It originates from Finland and works in only four countries; UK, Norway, Sweden and Finland and works pretty much the same as Boku but when it comes to the initial transaction a PIN is sent in order to authorize the transaction.Zimpler
It functions the same way as both Boku and Siru since it also involves the use of PIN to confirm Identity. The only difference is that it originates from Sweden.BT Landline
It has two very simple requirements; you must be a client of BT and have a phone the rest is pretty much similar too the fore mentioned service providers.