No, you do not. Boku only requires an active mobile phone number with enabled premium and carrier billing services. Funds transacted with online casinos can be sent directly to and from your mobile wallet of choice.
Top Boku Casinos 2022 – NZ Casinos That Accept Boku
Boku offers the advantage of ease and accessibility to New Zealand players since it is already partnered with mobile phone carriers. Cash transfers to and from casinos are automatically added to the monthly phone bill, creating a pay-as-you-go system. The payment system sets up top-notch security to limit account takeovers and boost user conversion, revenues, and engagement. The payment method’s product lineup goes beyond Trident, the subscription bundling service, to include M1ST Payment Network, Verify, and Authenticate. Each offers different services focusing on security to limit PIN jacking, SIM card swapping, synthetic identity fraud, and SMS forwarding. However, it could use more contact channels for customer care instead of just a support form.
Boku is a mobile payment service that lets online businesses collect payments through mobile wallets and carrier billing with headquarters in California, London, and Estonia. The cashier channel opened its doors in 2008 under Erich Ringewald, Mark Britto, and Ron Hirson, who combined Paymo and Mobilcash assets. The company also received a $13 million Series A investment from Benchmark, Index Ventures, and Khosla Ventures. In 2010, Boku raised an additional $25 million mainly from DAG Ventures for its Series C investment. 2012 was another big year for the firm after the Series C investment received a $35 million boost from NEA and other capital investors. By 2016, the payment service had over $91 million in venture capital from renowned firms like Index Ventures, Telefocina, and New Enterprise Associates.
As Boku received more funding, it ventured outside the USA market, where it first started. In 2012, it partnered with GCash to launch mobile wallet payments in the Philippines. The following year, it acquired India’s largest carrier billing aggregator, Qubecell, and began growing with its engineering and technology sector. In 2014, it ventured into Germany through Mopay and was mainly used for Sony PlayStation Store mobile payments.
Today, Boku boasts a presence in over 75 countries in six of seven global continents, including New Zealand. It also processes over $9 billion annually and has over 950 million verified users, proving its prowess in the money transfer field.
How Boku Works
Boku offers businesses a platform to receive mobile payments from clients sent directly through mobile wallets and carrier billing. The payment service uses Trident, a subscription bundling product that allows mobile network operators to offer consumers subscription services. Users may get the service for a trial period before being billed by the mobile operator. Boku has three more notable products, namely;
- M1ST Payment Network – This network offers credit card-like standardization to tons of the world’s most popular payment types. Most global mobile payment systems are part of it, including LINE Pay, Mercado Pago, WeChat Pay, and GrabPay.
- Authenticate – This product brings pinless authentication found in mobile operators across the globe for better security and user experience. It ensures there are no PIN codes to steal, limiting PIN jacking fraud, Sim Swap fraud, and SMS forwarding.
- Verify – This is another security measure to confirm supplied identity information in real-time. Verify curbs synthetic identity fraud, building confidence in digital customer onboarding.
Opening an Account with Boku
As a player looking to deposit into a Boku casino, you do not need to register an account with the payment service. All you need is a mobile phone operator partnered with Boku. Account application is limited to the merchants like gambling dens, and it goes as follows:
- Open the official Boku website and choose a product or solution
- Fill out the subscription form placed at the bottom of the selected page
- Provide your first and last names, company, job title, email address, and location
- Choose whether to receive email updates from Boku
- Click ‘Submit’
Depositing with Boku
The process of funding a casino account using Boku goes down the same way in almost all gambling destinations. Sift through the available options and only settle for one with proper licensing, state-of-the-art security, good reviews, attractive bonuses, and entertaining games. After deciding on an ideal site, the deposit procedure usually goes down as follows:
- Sign up or log into the Boku casino
- Open the cashier or banking section, which can be found on the homepage or under the personal account page
- Choose to deposit and select Boku as the cashier channel to use
- Enter the requested details, including your phone number
- Confirm the transaction upon receiving an SMS
Future deposits using the same account can be billed automatically to your phone. All you’ve got to do is verify the transaction and funds are transferred.
Withdrawing with Boku
One limitation of Boku is that it does not support withdrawals. Accordingly, casinos require users to select an alternative method to cash out winnings. There are several viable options in most NZ casinos, including;
- Bank Transfer
E-wallets and cryptocurrencies are the most recommendable options since their withdrawals are instant as soon as the casino processes funds.
Transaction Speeds with Boku
Boku is an instant banking method that reflects funds as soon as they are transacted. Once the confirmation is made on mobile, it takes a few minutes for gambling funds to be available in your casino account. Since most gambling clubs do not have a deposit processing period, gaming can commence immediately.
Boku does not apply any transaction levies to users, and merchants get affordable ones attached to their selected product. The only amount deducted is the Boku bill sent through your mobile phone meant to deposit into a casino. Any charge above what is in the mobile wallet is rejected. Standard message fees may apply depending on the wireless carrier. As a casino operator, you can reach out to client care using the support form to confirm the prices for different products and solutions.
Upsides of Boku
Boku’s rise to become one of the top mobile payment solutions is propelled by several qualities, including;
- No charges applied by Boku when depositing into a casino – note that standard carrier charges may apply
- Transactions are instant
- All money transfers go through an SMS authentication procedure that limits fraudulent activity
- Available in tens of reputable casinos
- No credit or debit card details are necessary
Downsides of Brite
While Boku knocks it out of the park in many ways, it falls short in others. Some of its limitations include;
- It cannot be used to withdraw casino winnings
- Customer care can only be reached using a support form with no live chat or phone options
Frequently Asked Questions
Do I need a bank account or credit/debit card to use Boku?
Is Boku secure?
Boku has top-notch security systems in place to ensure that any provided personal information, like your phone number, IP address, and billing amounts, is not accessible to unauthorized third parties. Also, Boku verifies any user-submitted data on several databases to confirm accuracy and authenticity. Mobile users can lock out fraud by using Boku Identity to log in, which requires scanning biometrics like a fingerprint.
How do I reach Boku client care?
Boku customer care service is reachable using a support request form in which you enter the topic you are interested in discovering more about, first and last names, company, job title, email address, and location. Responses are usually speedy, but no specific time frame is provided. You can sift through the queries in the FAQ section to see if your issue is covered. On the downside, live chat and phone contact channels are not provided.
Is Boku available on mobile?
Yes, it is. Boku offers a Mobile Identity suite available to download on iOS and Android gadgets. This digital service enhances the user experience with Verify and Authenticate. Verify confirms client-supplied identity info in real-time, keeping synthetic identity fraud at bay and boosting confidence in full digital customer onboarding. On the other hand, Authenticate makes pinless authentication possible using biometric logins for greater security.
The widespread use of Boku in over 75 countries speaks volumes about its reputation. The payment method assures players’ safety using modern standards and adapts to the mobile revolution for even more advancements. Its use as a deposit method is convenient, but it creates the trouble of looking for a different cashier channel for withdrawals. While there are no specifics on the fees to expect when using the service, Boku does a great job of ensuring seamless use from the front end to the backend.