Boku – An Overview of the Company
The digital age now makes it super easy to buy good and services online. Whether you choose to use a debit/credit card, e-wallet, or even a pre-paid card, the options are limitless. But what do you do if you need to pay for something online, but don’t have access to one of the aforementioned payment mechanisms?
This is where Boku can help.
What is Boku?
Launched in 2009 and based in the U.S., Boku allows people from all over the world to pay for goods online. Originally, the service was aimed at those based in emerging countries across Asia and Africa. The key reason for this is that millions of people in the third world are still unable to access traditional financial services.
However, as most people have access to a mobile phone, Boku made it possible to link up mobile phone credit with the online payments space.
Although the company originally targetted emerging nations, Boku is now becoming popular in the UK and Europe – especially in the online casino space.
How does Boku actually work?
Boku allows users to pay for things online without needing a debit/credit card or bank account. Instead, the funds required to make the purchase are taken from your mobile phone. Regardless of whether you have a pre-paid sim card or a monthly contract, you can your phone credit to pay for goods online whenever you see the Boku logo.
If you are currently on a pre-paid sim card, then you can only use the funds that you have available on your phone. If you try to make a purchase via Boku that is worth more than your available credit, then the transaction will simply be declined by the merchant.
If you are currently on a monthly contract, then you have more flexibility. This is because when you make a payment via Boku, you will not need to pay for it until you receive your monthly bill. When you do, you’ll see the Boku payment listed under the ‘extras’ part of the bill.
In terms of how much you can spend via Boku when using a monthly contract phone, this will depend on the available credit limit you have. If you browse through your latest mobile phone bill, you should be able to see your credit limit. If not, simply make a quick call to your phone provider to inquire how much you have available.
Why is Boku so popular in the online casino space?
If you’re a keen gambler, then there is no doubt that you’ve come across the Boku logo when scrolling through the deposit page. In fact, there are now dozens of leading Boku casino operators that allow you to seamlessly deposit funds with your phone.
If you’re wondering why anyone would want to use their phone to deposit funds when they can use a debit/credit or e-wallet, take a look at the following examples.
- The player doesn’t have access to traditional banking methods
- The player left their debit/credit cards at home, but they need to place an instant bet
- The player doesn’t want to expose their financial information online
- The player doesn’t have any money in their account, but they have phone credit available
As you can see from the above examples, using Boku isn’t only useful for those without access to banking. On the contrary, it might be the case that you forgot your bank cards at home, or you want to place a bet but you don’t have any funds available in your bank account.
In terms of the process, all you need to do is select Boku on the casino’s deposit page, enter the amount you want to deposit, and then enter your mobile number. You’ll receive a text message with a unique code, which you’ll then need to enter back on the casino’s deposit page to confirm the transaction.