Mobile phone billing is just one of a multitude of ways to make payments at your casino and each depositing method has its own strengths and weaknesses. But if you're the kind of player who likes to keep a tight bankroll and are careful to make every penny count, then mobile depositing might be the banking method for you. There are a lot of factors which make paying using your mobile phone much cheaper than the alternative payment methods. Let's take a look at why switching to mobile phone billing for your casino deposits could save you money in the long run.
Strict Depositing Limits
Mobile depositing is the only payment method which has practical depositing limits built into the system by design. Every depositing method has limits of some kind, whether they're the casino's own maximum deposit limits or the payment methods own enforced limits. But these limits usually reach into the thousands, with Paysafecard in particular having a maximum deposit limit of £2,000.
Because of the high transaction limits of most banking methods, no user is going to realistically reach them. Mobile SMS payments only allow a maximum of £30 to be paid in any single transaction. Certain mobile depositing carriers, such as Boku Mobile, track user's mobile payments and restrict them to £30 per day as long as they are using the Boku service.
If you see yourself as a high roller, then the existence of mobile depositing limits won't do anything to change your mind about switching to it anytime soon. But for those who want to stick to a budget, mobile phone billing is the perfect barrier to your spending. It limits the amount you can deposit, while giving you just enough to enjoy a solid bankroll and reward yourself with a significant amount of playtime at the casino.
No Extra Commission Fees/Hidden Charges
Hidden charges are the bane of any banking method and the last thing customers want to do is have to keep track of whether or not they're being ripped off. People want to be comfortable to just simply make a payment and not have to suffer the consequences of some small text in the terms and conditions that they didn't spot.
E-wallets in particular have this exact issue. Whilst banks can sustain the costs that transferring cash entails, due to investing their customer's money elsewhere, e-wallets can only make their earnings from commission fees, direct from the customer themselves. Most of us will never really notice these additional commission fees because they're so small, with the general cost lying at about 1.5% for any transaction made using an e-wallet.
Many e-wallets have additional costs that they pass onto the consumer beyond simply transaction costs. e-wallets like Skrill and Neteller will add additional monthly charges on accounts which see little activity. If you don't use your e-wallet account regularly, you could find yourself with an annoying bill after a few months of stagnation.
Since mobile phone billing is just a charge that's placed on your phone bill, it carries no additional costs that would otherwise be associated with opening an e-wallet account. Payments made using your mobile are all charged to your phone bill. You have no account, since each transaction is identified by your phone number, which you are already paying your network provider for.
That means that anytime you make a payment using mobile SMS, 100% of the money goes straight to the company you're purchasing from and none of it finds its way to your network operator. And when you don't want to make a mobile deposit for a few months, then there are no hidden fees to worry about as your mobile just goes back to being a plain old mobile phone.
No Risk Of Overdraft
When it comes to keeping track of your finances, it can feel like a whirlwind of figures and predictions, trying to get a grip on how much you have left and what's yet to go out. There's nothing worse than going to make a payment before remembering that direct debit was going out today and now you've slipped into the red.
Banks are the biggest offenders here, with most bank accounts taking it a step further by charging you for dipping into your overdraft. As reasonable as charging you for having no money sounds, the bank covering the bill while you have to pay the surprise charges, doesn't feel like a solution to the problem.
When you make a payment using your mobile, the charge is treated like a call either being added to your end of the monthly bill or deducted from your remaining phone credit. Whichever way you pay for your phone, mobile depositing has you covered when it comes to overspending.
If you're a pay as you go customer, then when you go to overspend, your network operator will simply decline the payment. In the same way that you can't make a call when you're dry on phone credit, the payment will also be ceased and nothing will go through.
Monthly customers get a similar safety net, since any payment will be added to your end of the month bill, which you can work on paying later. There are no sudden shock and additional charges. At the end of the month you can receive your bill and then work on covering the cost however you choose. And with inbuilt depositing limits, you're protected from overspending at every step of the transaction, from your first deposit, all the way to your final bill.
Mobile Phone Bill Depositing: Keeping The Costs Down
Mobile phone bill depositing has made some big strides in keeping the costs low for the consumer. In many ways this is just because of some rather fortunate side effects of network operators trying to protect themselves. SMS payments have strict depositing limits on them because mobile network operators don't want to have to take responsibility for the debt if their customers can't pay at the month's end.
Whether a fortunate accident or not, there's no argument that mobile SMS depositing is the cheapest way to make payments at your mobile casino. It costs nothing to do, is free to maintain and allows you to keep a strict eye on all your payments. If you want to start keeping a tighter budget, then why not try out mobile depositing and see how it can start saving you money next time you're at the casinos.