Payforit Banking

As the iGaming industry continues its migration towards mobile gaming, the industry is going to need more software and service providers to support mobile devices. In the iGaming banking realm, a banking option like Payforit offers the perfect solution.

It should be noted that Payforit is neither a company nor a legal entity of any kind. It's a concept that is supported by a group comprised of four top mobile platform providers in the UK, namely Vodafone, O2, Three and EE. Working in conjunction with the micropayment industry and the industry's primary regulators, Ofcom and PhonepayPlus, these four mobile providers have designed a "set of mobile consumer experience flows" that allows mobile customers to have their mobile number charged directly for the purchases of digital goods and services.

With this payment option, customers do not have to use a credit card or provide any banking information. For transacting business with the online casino industry, which is providing digital services, this will eliminate any concerns a customer might have about providing sensitive financial information to their online casino(s). T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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Payforit

How It Works?

Payforit is a payment processing system that is handled right from any consumer's mobile device as long as that device has a UK mobile number and is supported by a UK-based mobile service provider. Some virtual (MVNO) like Lebara and Virgin can also support this payment method.

This particular payment method looks very efficient and easy to initiate. First, the consumer needs to locate an "authorized" Payforit merchant (look for the Payforit logo). Once identified, the consumer can select the digital products or services they desire. Upon checking out, the consumer will click on the Payforit icon. This will provide the user with either a one-screen or three-screen prompt for initiating the payment. The prompt will request the consumer to input their mobile number or send a special code to another number shown onscreen. After doing so, they will then be provided the purchase details onscreen to be authorized. Once the consumer clicks to authorize the payment, their mobile service provider will be authorized to either charge the consumer's mobile account or deduct the amount from their prepaid balance.

Security

All security is provided by the mobile service provider. At no time will the consumer have to provide personal information. By not having to provide personal information, online casino customers can make deposits without fear of their financial information being leaked.

Banking

Payforit charges no fees. The only fees that might be incurred by an online casino customer would be those charged by the casino. Withdrawals are not permitted with this option.

Summary

Payforit is a concept that is supported by a group comprised of four top mobile platform providers in the UK: Vodafone, O2, Three and EE. It allows mobile customers to have their mobile number charged directly for the purchases of digital goods and services, without the option for withdrawal.

Click to visit Payforit official website.

Posted by CCJ Team