Pingit versus Other Depositing Methods

Pingit vs Other Payments

Pingit is the one of the latest players in the mobile payment industry, allowing users to send money to each other, simply by using a mobile number. Launched by Barclays in 2012, the free app has since been downloaded 3 million times. Over £600 million has been sent through the service! Its successful entry may be due to the fact that it is the first service of its kind; we musn’t discredit the fact that it is also quick, convenient, secure and easy to use.

How is Pingit doing in the mobile casino industry? Not so well, unfortunately! It is up against some stiff competition from credit cards, e-wallets and SMS payments. Each of these have been around since the dawn of internet banking, making it hard for any new competitor to change players’ habits. The question is: Are we missing out on a gem? We’ll pit Pingit against other popular payment options such as Boku, Paypal, Credit cards and e-wallets. The winner shall be the one that is most easy to use, available to all and above all, secure.

Deposit with Pingit at 32Red


Comparison Sections

Now, click ahead to learn about:


Pingit vs. Boku (Pay by Phone Bill)

boku logoIf you haven’t heard of this term before, Boku basically allows players to charge payments to their phone bill or deduct it from their phone credit. The payment process is simple – players request payment via the casino, confirm via a text message and start playing.

The Barclays Pingit service is very similar to depositing by phone bill (SMS) – they are both services which transfers money via your mobile phone. They are both equally secure and free to use. However, here is a comparison of their minor differences.

It is easier to start using Boku, as there is no registration or sign-up forms involved. In contrast, Pingit entails a lengthy and secure registration process, in which you must verify your bank details.

Boku/ Phone Bill (SMS)Barclays Pingit
ConvenienceMore convenient payment method to start using as no registration required.Takes about 5 minutes to sign up and verify your bank details.
RequirementsUsers only need a UK Phone Number. Phones can be on monthly contract or Pay As You Go credit.Users must be over age 16 and have a personal banking account with a UK Bank. Users also need a UK Phone Number
PhoneYou can use any phone to deposit by phone bill (SMS). This includes feature phones.The Barclays Pingit app only works with Android 2.2 and above, iOS 4.2 and above and Blackberry OS 5.0 and above.
SecurityYou don’t have to share bank account details with the casino.The scheme is also securely regulated by industry trade organisations and the mobile network providers.Likewise, you don’t share bank account details with the casino. However, you will connect your bank account with the Pingit app.The Pingit app is protected by a 5-digit passcode and developed by Barclays with 300 years expertise in banking.
Casinos that accept itAccepted at many mobile casinos, including Pocket Fruity, LadyLucks and Paddy Power.At the moment, Pingit is only accepted at 32 Red Mobile Casino.
Transaction Limits£30 a day (£30 a month for O2 users)£300 per transaction

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Pingit vs. Ukash

ukash-logoWhat is Ukash? Ukash is an “online cash payment provider”, so you never have to pass your sensitive account details to the merchant. Users can purchase physical Ukash vouchers at the store or online. To use them at the casino, simply enter the 16-digit voucher code into the cashier. Ukash vouchers can only be used once.

Pingit wins this battle, as you can handle the entire transaction on your mobile device without going to a physical location. Ukash vouchers must be purchased at retail stores across the UK (or online), and their value expires after 12 months! There may be changes to the Ukash system since its acquisition by Skrill; however, we think that Pingit is definitely more secure.

Both methods do not charge you for using them.

UkashBarclays Pingit
ConvenienceNot too convenient! You can purchase physical Ukash vouchers at 1,000 retail stores across the UK or online.The vouchers also expire after 12 months, so you must remember to use them.Pingit wins this battle! You only need to sign up and verify your bank details on your mobile.
RequirementsAnyone can purchase these vouchers at a shop.Users must be over age 16 and have a personal banking account with a UK Bank. Users also need a UK Phone Number
SecurityYou don’t share bank account details with the casino. However, you will use them if you purchase Ukash vouchers online.Likewise, you don’t share bank account details with the casino. However, you will connect your bank account with the Pingit app.
Casinos that accept itAbout 70% of casinos in the UK accept Ukash.Only 32 Red Mobile Casino
Transaction LimitsDependent on the maximum deposits allowed by the casino (usually around £5,000 a day)£300

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Pingit vs. Credit/ debit cards

Credit/ Debit CardsWhat are credit/ debit cards? Everyone in the modern world uses them. There are more than 90.5 million debit cards and 58 million credit cards in issue in the UK, and over 400 million in the US!

As of now, credit/ debit cards are the most commonly used method for depositing in casinos. Not surprising really, given that almost everyone we know at least has a debit card. As a result of that using you credit/debit card is probably one of the easiest ways to deposit.

The only issue of using your credit/ debit card to deposit in a casino is the fact that you will be sharing your card details to the casino itself. Normally, this wouldn’t be an issue, as most casinos have proper security systems in place, but it still comes down to your personal choice on whether you want someone else knowing your card details.

Credit/ debit cardsBarclays Pingit
ConvenienceAt most casinos, you are required to add your credit card details (16-digit number and CVV code) before your first deposit. These details are then saved for further transactions.The Pingit process is similar with some effort required during your first use. You’ll spend about 10 minutes to register, after which it is a painless 3-second login process.
RequirementsYou’ll have to be 18 before you can apply for a credit card, which is the same legal age for playing at casinos.Users must be over age 16 and have a personal banking account with a UK Bank. Users also need a UK Phone Number
SecurityYou do share your credit card number with the casino. All legitimate and registered casinos have a proper security system in place to handle your details.You don’t share bank account details with the casino. However, you will connect your bank account with the Pingit app.
Casinos that accept itAll casinos in the UK accept credit and debit cards for payment and withdrawals.Only 32 Red Mobile Casino
Transaction LimitsDependent on the maximum deposits allowed by the casino (usually around £5,000 a day)£300

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Pingit vs. Paypal

PayPal Logo BlueWhat is Paypal? In Paypal own words, Paypal is a service that enables you to pay, send money and accept payments without revealing your financial details. What does all that mean to us?

For starters, Paypal is one of the safest ways you could use when depositing in a casino. All your details are secure reducing the risks of online fraud. Secondly, its the flexibility that Paypal offers that 169 million people worldwide into using Paypal daily.

You can register your Credit / Debit Cards with Paypal so you don’t have to share your card details with casinos or merchants if you don’t want to. Last but not least, using Paypal is extremely quick and easy with many casinos accepting Paypal as a deposit method.

In this battle, we think Paypal ties with Pingit. Both methods are equally easy to use and secure. At the end of the day, making a decision in this scenario will not be difficult, as you could just choose whichever you fancy given that both methods are pretty similar.

 

PaypalBarclays Pingit
ConvenienceYou will need to open a Paypal account. To deposit in a casino, all you need to do is  login in to your Paypal account.You only need to sign up and verify your bank details on your mobile.
RequirementsUsers must be over 18 to use Paypal. This shouldn’t be an issue, as the minimum age to play in casinos is also 18.Users must be over age 16 and have a personal banking account with a UK Bank. Users also need a UK Phone Number
SecurityExtremely secure. You will not need to share any financial details with any casinos.Like Paypal, you don’t share bank account details with the casino. However, you will connect your bank account with the Pingit app.
Casinos that accept itAbout 40-50% of casinos in the UK Paypal.Only 32 Red Mobile Casino
Transaction LimitsDetermined by the maximum deposits allowed by the casino (usually around £5,000 a day)£300

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Conclusion

If only Pingit was accepted at more mobile casinos, it proves to be a strong competitor to the current payment methods. Until then, it may be more useful as a person-to-person service, rather than a business-to-consumer service.

Deposit with Pingit at 32Red

About Victoria

Victoria is the team’s reviewer and critic. In her casino reviews and game reviews, you’ll find all the “specs” and exclusive playing strategies, plus screenshots and Youtube videos too! There’s no sugar-coating or boot-licking involved in her reviews; it’s all honest and (hopefully) helpful. For gamers, by gamers.

Barclays Pingit

Mobile casinos are always on the lookout for ways to help you deposit funds into your casino account with the minimum of fuss. One of the latest discoveries – which is proving to be a great success with casinos and players alike – is the Barclay’s Pingit service. Pingit is an app which allows you to deposit cash easily using your mobile phone. It differs from phone bill depositing, however, in that the cash you deposit comes directly from your bank account, rather than your phone bill. Despite the app being a Barclay’s service, you can still use Pingit regardless of the where you bank. In our Pingit category, you’ll find all the information you need to start using Pingit to its full potential, as well as tips on where you’ll be able to use it, and the top picks for casinos which use the service.

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