It’s the number one point listed under ‘disadvantages of using mobile deposits’ and the bane of any player who uses the method, but hate is all you want, mobile deposits limits are here to stay. Generally around £10 per transaction and £30 per day, these automatically applied limits prevent you from being able to spend too much from your phone bill or credit in one sitting. But all this rather raises the question of why these limits exist in the first place, and why they’re so ubiquitous at phone bill casinos – here are a few of the reasons.
1. To Protect You
One of the primary reasons phone bill deposit operators don’t want you spending too much via this method is the fact that they have your financial safety in mind. When you think about the way this deposit method works – basically the phone company you’re using lending you money to play with until you repay it at the end of the month – what we’re really talking about is a loan, and if you can’t afford to pay that loan back, that’s going to become a real problem for you at some point in the near future.
The £10 per transaction, £30 per day/month limit ensures that the debt you owe at any given time remains at a manageably low level, which the majority of players will have no problem repaying. It’s a sad fact that casino gamblers tend not to be the very best money managers and if more ‘free’ cash was made available, more people might get themselves into a precarious financial situation.
2. To Protect Phone Companies
While there’s an effort to protect your finances from inflated and non-payable loans, there’s also the reverse side of that same coin – the need for the mobile phone network operators to protect their own finances. It’s the network providers who are lending you the money to play with, on the understanding that at the end of each month, you’ll pay what you’ve spent back. It’s in their interest, then, to ensure that your debt remains at a level you can manage. That is they need realistic limits.
Yes, these are big companies, and no, losing the odd £30 or £60 here or there isn’t exactly the end of the world, but higher limits increases the possibility that players won’t be able to pay their bills and that could really add up for these companies. Instead, then, they play it safe by ensuring that players can only ever ‘borrow’ an amount they can realistically pay back.
Will They Ever Be Raised?
So, £10 and £30 seem like pretty arbitrary numbers to hang your limits on and you’d be totally forgiven for wondering whether these limits are ever likely to be changed. Well, the reasons for keeping them relatively low aren’t likely to change any time soon, but things like inflation might change the definition or relatively low.
Phone companies are likely to continue in their aversion to risk and for our part as players, we should really remain grateful that the network operators have our back in ensuring we don’t accrue too much debt!