Over the years PayByPhone Online Casinos have gained a lot of popularity as a deposit method. In this PayByPhone Online Casino guide, we review how you can use this method, fees to look out for, advantages and safety. PayByPhone is an especially useful payment method that allows for quick and easy deposits and is accessible via your mobile phone. Read our full PayByPhone Casinos guide for all the information on this method and why it is popular among so many players.
How to deposit using PayByPhone
Depositing via PayByPhone is a quick and straightforward process that is instant which is why it is becoming a preferred option among players.
Step 1 – Log Into Your Casino Account
The process is quick and easy with your first step being to log into your desired online casino and then making your way to the cashier. From there you will need to choose a deposit method and enter the amount you want to deposit.
Step 2 – Check Limits
Keep in mind that when it comes to mobile service providers there is a daily limit allowance in terms of payments. This is a good thing as it helps protect your budget and keeps you from overspending. If you are a high roller, this keeps you from big-spending via this payment method.
Step 3 – Enter Details
The next step to depositing is to enter your mobile number and follow the steps provided as it differs based on the operator.
Step 4 – Confirm
The last thing to do will be to confirm the payment method. You will receive a text via your device on which you need to confirm your deposit at the casino.
Using PayByPhone at online casinos
PayByPhone is quickly becoming one of the more popular payment methods, especially among mobile players. The main reasons being the ease of use in terms of deposits and the convenience thereof.
There are many benefits of this payment method which we will discuss later but one of the biggest is that it is straightforward with every bet you make deducted straight from your mobile phone bill. Making it less of a hassle to worry about deposits first before getting to the gameplay.
With PayByPhone there are various parties involved to ensure a smooth experience which includes the PayByPhone casinos, the mobile device operator, and the Accredited Payment Intermediaries (API). These parties work together to ensure payments run quick and instant so you can play without any issues as bets are deducted from your phone bill.
This entire payment system is not limited to online casinos only. In fact, it was created by mobile phone companies to allow users to enjoy a better online shopping experience. Especially when it comes to buying digital items in the app store such as e-books, games, apps, or videos.
Over the years the use of PayByPhone in online casinos has also increased, especially throughout Europe and the UK. It is still in its development years but there are already a few established PayByPhone operators that are available in top-rated online casinos.
How to withdraw your winnings with PayByPhone
The one downside of PayByPhone is that you will need to choose an alternative method for withdrawals. PayByPhone is a dedicated deposit method but when it comes to withdrawals you will need to opt for methods such as credit cards or e-wallets. There are not yet withdrawals available via this payment method.
Fees and Withdrawal Times for PayByPhone
As you will need to choose an alternative withdrawal method the fees and withdrawal times will vary. In general, there will be a processing period that can range between 24 to 48 hours depending on the PayByPhone Casino.
From there the withdrawal time can range between a few hours to a few days depending on the payment method used. E-wallets are the fastest withdrawal alternatives to use. And fees vary based on the online casino and payment method.
Looking for casinos that pay out the same day? CasinoGuide has a list of UK Casinos that pay out the fastest.
Why Should I Use PayByPhone at Online Casinos?
ADVANTAGES OF USING PAYBYPHONE AT ONLINE CASINOS
- PayByPhone Casinos require only a phone number and network provider to get started.
- It is more convenient to use especially for mobile players.
- Allows you to check your phone bill and casino bankroll in one go.
- Perfect for playing PayByPhone casino games via mobile casinos.
- Your transactions are always processed immediately with no need to wait for a bill.
DISADVANTAGES OF PAYBYPHONE
- You need an alternative payment method for withdrawals.
- You are put at risk when you lose your mobile device.
- There is a maximum spending limit on daily deposits.
Is PayByPhone safe to use at online casinos?
PayByPhone Casinos much like any other online casino are subject to the same rules and regulations. They require licensing and regulation and must adhere to the same strict protocols which means implementing strict safety rules and responsible gambling tools for players. These casinos are more convenient but as safe if not more so. If you are playing at a licensed and regulated PayByPhone casino it is safe and secure to use.
KYC process of PayByPhone
It is important to keep in mind that the laws and legislations in place at online casinos need to verify your identity. As such, there is a KYC (Know Your Customer) process in place. Not following through with this procedure can lead to legal action against the casino.
When you create an account, you will be asked a number of questions that are compared against a 3rd party database. This is to ensure you are really who you say you are. If the information does not check out, you will be required to provide additional verification documentation such as Proof of ID or Proof of Address.
It is always best to have these documents nearby, so you do not struggle when it comes to registration, and you are required to provide this additional information.
FAQ about PayByPhone
Do all online casinos offer PayByPhone?
No PayByPhone is not available in all online casinos. Always check to see what payment methods are available at a casino before registering.Is it safe to use PayByPhone for online gambling?
Yes, if you choose a PayByPhone casino that is licensed and regulated then it is safe to use. Make use of our list of top recommended PayByPhone casinos for secure options to choose from.Are there any fees when using PayByPhone?
Some PayByPhone casinos can charge fees, but these tend to be insignificant. If there are fees charged, they will be clearly stated on the deposits/withdrawals page at the casino.Can I claim casino bonuses using PayByPhone?
Yes, online casinos offer a wide range of bonuses to new and existing players which include PayByPhone users. You might not get to claim the full bonus due to the limits on the daily deposits allowed via this payment method.Are PayByPhone transactions instant?
Yes, with PayByPhone your transactions take a few minutes at most allowing you to get straight into the games.What are the alternatives to PayByPhone?
There are plenty of alternatives to PayByPhone, but e-wallets are at the top of the list if you are looking for quick and convenient alternatives accessible via your mobile device.Do I need to pay tax on winnings withdraws through PayByPhone?
No withdrawals can be done via PayByPhone and alternative methods such as e-wallets and credit cards must be used. In general winnings in the UK are tax-free.
