It is estimated that there are over 5 billion mobile phone users all over the globe. Out of these billions, a projected 50% use smartphones. Due to this wide use of mobile phones, so many industries have figured that Pay by Mobile could be one of the most convenient ways of receiving payment from their customers. The casino industry is no exemption – also try Stacked Fire 7s slot.
Pay by mobile makes it easy for gamblers to play slots on their mobile phone, and pay through their phone bill. This method of payment is convenient, and saves you the stress of paying through bank transfer, PayPal or other mobile e-wallets.
How Does Pay by Mobile for Slot Work?
The system of pay by mobile is pretty straightforward. It just means that each time you place a bet, the wager amount is added to your phone bill (or deducted from your mobile credit).
When playing on a slot, you have to enter your payment method. Here, you will click on pay by mobile, and the amount will be added to the mobile bill of the phone number you registered.
Three stakeholders are involved in the pay by mobile process.
1. The slot
2. Accredited Payment Intermediaries (APIs)
3. The mobile phone companies
The APIs serve as intermediary to ensure that the wager amount is correctly added to the phone bill, while the mobile phone company collects the bill from the user and remits to the slot via the API.
Pros of Using Pay by Mobile on Online Slots
· Pay by mobile protects you from using your banking details, which may get compromised on some websites.
· It provides a simpler way of placing bets.
· Using pay by mobile could be a good way of managing your gambling budget.
· Some mobile phone companies have a limit for pay by mobile bills. This could help you control the amount you spend daily on betting.
Cons of Using Pay by Mobile on Online Slots
· By using pay by mobile, you’re using money that you don’t have. It’s just like betting with your credit card.
· It could lead to extravagant spending on betting if not well managed.
· Not all mobile networks accept pay by mobile for slots.
Does Pay by Mobile Make Playing Slot Easier?
Pay by mobile makes it easy for gamblers to play slots like raids 1 guide because of its speed and convenience. Normally, it takes time to make deposits in your slot balance. Sometimes, network congestions and other factors could delay your deposits, but with pay by mobile, successfully funding your bets takes just a few clicks.
This method also provides increased security because your mobile network provider will send you a one-time password (OTP) with which you will authorize the payment before it is added to your mobile bill.
It also gives you an increased privacy. This is because by using pay by mobile for slots, you have successfully hidden your gambling activities from your financial record, unlike other means of slot payments.
