PayBox is a payment option facility that permits customers, including online casino players, to purchase goods and services online as well as fund their online accounts directly from their mobile phones. Formally launched in the year 1999, this company boasts of being the first service of its kind to be launched in 5 markets in Europe. The idea of processing payments via mobile phones appealed to the people of Europe and soon a number of m-commerce companies such as PayBox mushroomed all over Europe.
On its official website, PayBox says that “it is the global market leader for mobile payment enterprise solutions.” Accordingly, PayBox helps its customers to set up mobile enterprises. Its customer base includes financial services, distributors, customer brands, mobile operators, and many more. In 2007, the company bagged the Int’ Stevie Award for Best Product in Telecommunications. In Dec 2008, Sybase Inc. acquired PayBox Solutions AG and the company became part of Sybase 365.
Recognizing its popularity and its worldwide presence, a number of online casinos support PayBox as a payment option. This makes things very easy for online casino players who choose to make their deposits the mobile way. The PayBox payment option is great for online players who do not wish to reveal any of their personal financial details to the online casino.
How Does PayBox Work?
PayBox permits its UK and Austrian customers to fund their online casino accounts by using their mobile phones. PayBox does this by acting as the link between the players’ mobile phone and a carefully stored monetary account that can be easily accessed via a telephonic call. Thus, money is easily transferred from the value account to the players’ casino account. The process is similar to that of using a debit card. The only difference is that physical cash transaction devices are not required. The customer only needs a mobile phone.
In order to put money into their online casino accounts, players must first log into their active online casino account and visit its banking section. If the online casino supports PayBox, it ought to be displayed in the banking section. If not, players can enter the name of their country and the amount they wish to deposit. The next step is to input the GSM network code of their mobile phone. Immediately, the player is directed to a PayBox webpage displaying the deposit status details. This serves as confirmation that the transaction is being processed.
PayBox Pros and Cons
The PayBox facility eliminates the requirement for credit cards and debit cards. Players do not even need to go online in order to use PayBox. All they need is a mobile phone.
Moreover, the company has been selected by leading mobile giants such as the German o2 and Vodafone; Austrian ONE and mobilkom; Swisscom; Maxis Malaysia; Vodafone Egypt; ICSL Nigeria; MasterCard Int’l; and the UAE Lari Exchange. More than 5 million individuals and more than 20,000 global companies use PayBox services, which are available all over Europe, North Africa, America, Asia and the Middle East.
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