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Payment Method: Boku
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One of the latest trends among UK betting enthusiasts is the use of Boku as a payment method. Betting sites that use Boku have become increasingly popular due to the simplicity and efficiency the method provides.

For UK players looking for a quick and secure way to fund their accounts, Boku betting sites offer a compelling option. By integrating mobile payment, Boku sports betting allows for immediate deposits without the need for traditional banking details.

Why You Should Use Boku for Gambling?

Boku for gambling has several advantages, such as: 

First, it offers a high level of security. Since there's no need to enter any bank or card details directly on the betting site, it reduces the risk of financial data being compromised.

Secondly, Boku betting transactions are quick, usually processing instantly. This ensures that bettors can place wagers without any delay.

Additionally, for those wary of traditional payment methods or those without a bank account, Boku provides an accessible solution. Lastly, with the rise in mobile gambling, using a mobile payment solution like Boku aligns perfectly with the habits of modern bettors.

How to Use Boku at a Betting Site?

How to Use Boku at a Betting Site

Using Boku at a betting site is straightforward:

  1. Navigate to the deposit section of your chosen betting site that accepts Boku.
  2. Select Boku or Pay by Mobile as your deposit method.
  3. Enter the amount you wish to deposit.
  4. You'll be redirected to Boku's payment panel where you will need to confirm the amount and enter your mobile number.
  5. An SMS will be sent to your mobile. Reply to this SMS to confirm the transaction.
    Once confirmed, the deposit amount will either be deducted from your mobile credit or added to your monthly mobile bill.

Example: You wish to deposit £20 into your favorite Boku betting site. You select Boku as your deposit method, enter £20, and then input your mobile number. Shortly after, he receives an SMS. By replying to the SMS, he confirms the transaction. The £20 is then either deducted from his mobile credit or added to his next phone bill.

Best Alternative Payment Method for Boku?

While Boku is undoubtedly efficient and user-friendly for all UK players, it's essential to know alternatives in case it's not available or suitable for a player. Among the various payment methods, PayPal stands out as an excellent alternative. PayPal betting sites, much like Boku betting platforms, offer quick and secure transactions. With an established reputation worldwide, PayPal also allows for larger deposit and withdrawal limits, making it a preferred choice for many gamblers.

Benefits and Drawbacks of Using Boku for Gambling

Benefits and Drawbacks of Using Boku for Gambling

Using Boku as a payment method for gambling comes with both benefits and drawbacks. Let's break them down:

Benefits Of Boku As A Betting Payment Method

Using Boku as a payment method at online betting sites offers many clear benefits for players. We will mention the most outstanding strengths of this option for your reference.

Ease of Use and Accessibility: If you want to use Boku to make payments, simply enter your phone number into the system and confirm the transaction via SMS. This whole process will finish in just about 60 seconds, making this option extremely convenient for paying fees online. Therefore, Boku is available to anyone who owns a mobile phone.

Grant Absolute Security and Safety: In theory, this payment option does not require any bank account or personal user data. Therefore, there is no risk of exposing this information when players use Boku to make payments.

In addition, Boku uses a combination of three mobile identification solutions, namely Boku Authenticate, Match, and Detect, to secure user transactions. Therefore, you don't need to worry about someone stealing your phone number to pay through Boku. 

Free Payouts: This aspect is of great interest to betting site players. Specifically, they will not take any additional fees to deposit funds to any betting site that accepts this 

Drawbacks Of Boku As A Betting Payment Method

Besides the benefits of safety and convenience in processing transactions, Boku still has significant disadvantages that we think players should consider if they intend to use it at betting sites.

Deposit Limit: When using Boku, players cannot spend as much as they want. Specifically, Boku imposes a maximum transaction amount for new users of $30 per day. Therefore, you cannot make any more transactions once you have reached your limit. 

On the bright side, this is not entirely a drawback. The fact that Boku limits the maximum deposit per transaction will help many players have better control of their finances and help them not spend too much money on gambling.

Can’t Withdraw Money at Betting Sites: That's right. Boku users can only deposit at online betting sites, as this option is not supported in reverse. So, if you use Boku to deposit, you are forced to choose another method to withdraw your winnings. There we highly recommend you visit the betting sites that offer both suitable deposit methods and payment methods for your gambling preference. 

No Age Verification Required: Those interested in responsible gambling will be displeased about this. Boku doesn't require users to prove they're 18 years old to make transactions; instead, they just need to provide a phone number. As a result, underage gamblers may face gambling problems when using this payment option.

Fee: Some mobile carriers or betting sites might charge fees for using Boku. It's always essential to check the terms and conditions.
Limited Availability: Not all betting sites accept Boku as a payment method. Its availability may also vary by geographic location.
Dependency on Mobile Service: If there's an issue with the mobile service provider or if the user changes their number frequently, it could disrupt the ease of use of Boku.
No Chargebacks: Unlike credit cards or certain e-wallets, it's difficult to reverse a transaction made through Boku, making disputes more challenging.

Choosing the Best Boku Betting Sites

If you are looking for a Boku betting site that is best for you, our website will help you do so in the most efficient way. Simply use the keyword 'Boku' in the top betting site's search filter on the left-hand side, and we will list the best betting sites that offer this form of payment will be displayed with ratings from high to low for you to choose from.

In addition, our intelligent filters make search results more detailed. For example, if you are looking for a Boku betting site that offers progressive jackpot games, you can use two keywords 'Boku' and 'Bitcoin Betting Sites".

We will filter the best Boku betting sites available in your country based on the information you provide. If you want to search for betting sites that offer services outside of your region, you can change your country information at the top of the home page. 

A Bit Background of Boku Payment

Boku is a company that provides mobile payment services for both individuals and businesses. Headquartered in San Francisco, California, the company uses cellular operator data to connect users to its payment service. Thus, it makes it possible for users to make online payments with just their phones without any information about credit cards or bank accounts. 

Although not as popular with gamblers as other payment options, Boku still shows its place in the online gambling market, with more than 220 mobile payment methods available in more than 70 countries globally.

According to newly updated data for 2020, Boku has processed over a billion transactions in its system, with a total payment volume estimated at $7 billion. With millions of users already using the service and the potential to scale the business, this payment option could grow even stronger in the future and become a favorite payment choice at online betting sites.

Boku Development History

Back in 2009, the three founders of Boku, Mark Britto, Erich Ringewald, and Ron Hirson, contributed capital to acquire Mobillcash and Paymo, two potential UK mobile payment service providers at that time and launched Boku Checkout.  

The original idea of ??the company was very bold and simple. They claim that the phone number is the simplest and most effective payment method in the world. As a result, the company developed a system that allows customers to include online payments in their phone bills or prepaid credit just by entering their phone numbers.  

This brilliant idea quickly caught the attention of investors and helped Boku benefit in many ways. From 2010 to 2016, the company raised a total of more than $90 million in venture capital from venture capitalists, with big names like Benchmark Capital, Index Ventures, and DAG Ventures. 

The company's expansion is also reflected in the technology aspect. In 2013, Boku announced the acquisition of Qubecell, a leading Indian service provider, to make the country their technology and engineering hub. The partnership also enables the company to forge a successful business relationship with Playstation, making it possible for players to purchase games and movies directly from their Playstation device simply by providing a phone number.

From 2014 to 2020, Boku, in turn, acquired Mopay, a German-based carrier payment service provider; Mobileview, a mobile operator from Italy; Danal, a company providing services mobile authentication services to improve user security; and Fortumo, its direct competitor in the online payment market.

By 2017, Boku had officially equitized itself on the London Stock Exchange. This IPO valued the company at around £125 million.

After many years of trying to stand out in the online payment market, Boku's efforts have been recognized with many valuable awards from reputable organizations. These include the Mobility Awards in 2011, the 'Best Alternative Payment 2014' award, and the Future Digital Award in 2020. Besides, Boku was also voted into the Forbes 25 Most Promising US Companies list for 2011 and 2013.

Boku Betting Sites FAQs

1. What are Boku betting sites?

Boku betting sites are online gambling platforms that allow players to deposit funds using Boku, a mobile payment service. This enables users to make payments through their mobile phone bills or prepaid credit.

2. Are Boku deposits instant?

Yes, Boku deposits are typically processed instantly. Once you've confirmed the payment via SMS, your betting account should be credited immediately.

3. Are there fees associated with using Boku at betting sites?

This can vary by site. While many betting sites do not charge fees for Boku deposits, Boku itself might levy a small charge. It's always essential to check the terms and conditions of both the betting site and Boku.

4. What is the maximum amount I can deposit using Boku?

There is usually a daily limit when depositing with Boku, which is often set at around £30. However, this can vary between betting sites and Boku's terms, so it's wise to check before making a transaction.

5. Can I withdraw my winnings using Boku?

Generally, Boku is a deposit-only method. If you deposit using Boku, you'll likely need to choose an alternative withdrawal method, such as bank transfer or an e-wallet like PayPal.

6. Is using Boku for betting safe?

Yes, Boku is a safe and secure payment method. It adds an extra layer of protection as users don't need to enter traditional banking details on the betting site. The requirement for SMS confirmation also provides an additional security check.

7. Do all betting sites accept Boku?

No, not all betting sites accept Boku. However, its popularity is growing, especially among UK-based betting platforms. Always check the deposit methods offered by a site before registering.

8. Why can't I see Boku as an option on my betting site?

The availability of Boku might be restricted based on geographic location or the policies of specific betting sites. It's always a good idea to contact the site's customer service for clarification.

9. Can I set deposit limits using Boku?

Yes, many Boku sports betting sites allow players to set their own deposit limits to promote responsible gambling. This can usually be done within the account settings or by contacting customer support.

10. What happens if I change my mobile number?

If you change your mobile number, you'd need to update this information in the deposit section of the betting site or inform Boku directly, ensuring uninterrupted service.

Author Guarantor: Hannah Diaz
Mentor
Created: 11/01/2022
Last updated: 03/01/2024
ic o_ c ompl_ w aiting