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The News God > Blog > Business & Finance > The Payment Method of iGaming using Pay by Phone
Business & Finance

The Payment Method of iGaming using Pay by Phone

Rose Tillerson
Last updated: 2023/01/04 at 1:59 PM
Rose Tillerson Published January 4, 2023
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The Payment Method of iGaming using Pay by Phone
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Online casino is one of the most profitable industries in the digital world nowadays. Many people are into iGaming because the majority is dependent on contemporary gadgets thru the aid of a stable internet connection.

Contents
Banking SchemeWhat is Pay by Phone?

iGaming offers more than just gambling it is merrier and has loads of benefits compared to the conventional physical casino. Each gaming software has more than 3000 games with awesome graphics and audio plus state-of-the-art designs. Online betting sites offer loads of bonuses from no deposit bonuses to device-specific bonuses where players can receive bonuses because they downloaded the application on a specific device that is compatible with the promotion of the site. This bonus is useful and gives a chance to the player to hit the jackpot without using the cash deposit.

Banking Scheme

Payment schemes have been an issue long ago after online casinos has been innovated in 1994 by Microgaming software. Ten years later the same software company introduced the possibility of wagering through mobile phones since the advent of smartphones. Unfortunately, the growth of this industry is somewhat slow because prospective players were hesitant to try wagering online because of the internet issues like online scammers and the firewall during those times was weak.

Currently, the firewall is upgraded and strong enough to crush malicious files that might attack the site plus major casino sites have Secure Socket Layer (SSL) which is used by banks and another big-time financial institutes. The SSL encrypts the data and confidential information of the player and the client to ensure safety.

Aside from these security systems that online betting has, various payment options are also introduced so players can choose which banking system is more comfortable for them. Players can use credit and/or debit cards, bank transfers, third-party payment options like a digital wallet, open banking method, cryptocurrency, and Pay by Phone.

What is Pay by Phone?

Pay-by-phone gambling sites use the players’ phone bills by charging the amount the player deposit onto it. Hence instead of using other third-party options like the digital wallet, and bank transfers, the latter can use another third-party processor conveniently. Pay by Phone bill in the UK is compatible with all major gambling sites and has many advantages.

·        Bettors don’t have to add another bank account or download another third-party payment site in order to wager.

·        Only needs the user’s phone number.

·        Input card details are no longer needed which means it assures security.

·        You can easily control your funds and wagering.

·        Promotes responsible betting.

·        Pay by phone is already connected to the player’s account so no need to download a betting application and bettors can instantly play.

Requirements betting sites usually ask

Once a player decides to wager using their phone bill, wagering sites usually ask the basic personal information:

–         Full name

–         Physical address

–         Date of birth

–         Contact number

–         Email

After the basic information is done, the player can choose a third-party processor to charge your deposit directly to your phone bill.

How to make a deposit

It is straightforward to make a deposit because it does not require you to sign up for an account with other third-party payment options. Your mobile phone number and fund transfer are all that are needed.

1.     Sign up for a Pay by Phone Site.

2.     Go to the payment page and click Deposit.

3.     Choose Pay by Phone.

4.     Select the desired deposit amount and key in your phone number.

5.     A confirmation will be sent to your phone and click it to be processed.

6.     The payer can start playing immediately. The deposit amount will be charged on the next phone bill.

Final Insight:

Pay by Phone method in the online casino is highly recommended because it is safe, convenient, fun, and promotes responsible gambling. A maximum deposit is required using this method so players can control their betting however, it might be a bit disadvantageous for higher bankrolls. Nevertheless, this payment scheme has more advantages rather than downsides.

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Rose Tillerson January 4, 2023
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