Boku is most popular deposit options to fund your casino account to play slots in real time. Boku deposits allow you to make a payment to play slots, live casinos or do sports betting with your mobile. Though most of the UK online casinos offer the gamers the chance to make deposit with Boku it is but to note that there are few limitations to this payment service as well.
Most of the players always complain that Boku has a mobile payment limit which imposes a strict daily depositing limit of £30 a day at online casinos. It is true and this shouldn’t really be an issue for players who have only small limit to stake at real money games but it can be highly annoying for high rollers. In addition, such an uncompromising deposit limit means that once you’ve reached it, you’re unable to fund your account with that bit extra to keep playing for longer.
Although Boku payment limit may be infuriating at times, it exists to protect you on a daily basis and to keep the service operational.
Let us see how the Boku limit of £30 a day works and why is there such a limit in deposit with Boku payment at online casinos.
Boku wants you to play and gamble within limits
One of the main reasons why Boku spend limit exists is to protect you from spending too much on gambling. Though you are in control of your money but Boku works by allowing you to pay later, it’s crucial that they have some control.
When you make a Boku deposit, you’re essentially lending money from your phone operator. You never pay anything unless you’re a pay-as-you-go customer until your phone bill comes in at the end of the month. This means that Boku deposits are actually a sort of loan, and if you can’t afford to pay it back, it may become a huge problem.
When you take out a loan at the bank, they’ll ask you about your salary, about your outgoings each month and perform a credit-check to make sure you’re in a position where paying the loan back is realistic. For Boku to do this, each time you deposit, would really slow the payment method down. This is why they must impose a standard limit on everyone, not considering if you’re good for the money.
The £30 day deposit limit ensures that the debt to your phone operator stays at a reasonably manageable amount, which most people should have no problems repaying. Though you all may think that you play responsibly and do not spend much at online casinos but the fact is that if there was no limit, a lot more people could get themselves into a sticky situation, especially when you consider that Boku can be used for various other things as well as online casinos.
Boku allows the service to continue operating
Protecting you from spending too much is only half of the reason why Boku daily limit exists. They also need to protect themselves too. Boku works in partnership with mobile phone network providers, and so they need to assure these networks that they’re running the service in a responsible manner.
As mentioned above, when you make a mobile deposit via Boku, you’re lending money from your phone operator until the end of the month, when you’ll pay it back as part of your phone bill. It’s therefore, just as important that the phone networks keep the levels of borrowed money manageable, as it is for you to keep it manageable.
If there was no daily limit, the instances of Boku pay by mobile not working would severely increase. That’s because phone networks would be put in a position where they’d be lending an unlimited amount of money each month, having to trust that their customers were financially trustworthy. Even at the moment, with the £30 limit in place, each user can potentially lend up to £930 a month.
This isn’t a small figure when you consider how many players there are using the service for everything from paying for postal services to Boku poker. Increasing this would be very risky for phone networks. Also if these networks saw that players were abusing the service, they’d almost certainly stop their customers from making deposits altogether.
Boku is not going to increase the deposit limit
It seems highly unlikely that they will ever increase Boku limit due to the reasons mentioned above. However, the value of £30 may change with inflation, so the day Boku re-evaluates this restriction might dawn sometime, but serious causes would be necessary to change the things as they are now.
The only possible way Boku might allow players to deposit more is by evaluating your financial situation and deciding whether you should be trusted with the money, just like a bank loan. However, one of the biggest reasons many players choose Boku is because the service is quick and efficient. Introducing credit checks and creating individual limits for each player would only slow down the service.
Many deposit options take several working days to accept your request, but Boku allows you to deposit a couple of hundred pounds more, or a depositing method that is instant yet allows you only to deposit a small amount each day. Also other phone billing services can’t offer even more than Boku already does.
Finally it is your choice when it comes to choosing deposit option at the cashier of an online casino to play slots or live casino or sports betting with Euros.