As the global gambling scene grows, more payment solutions have started catering to the needs of online players. Consequently, online casinos are adding new payment options, allowing their patrons to handle their deposits and withdrawals with ease. While some payment solutions are available globally, others focus on specific markets.
The Japan-based Venus Point is one of the newest additions to the list of supported payment solutions at some online casinos. Although this option is relatively new to the gambling scene, more interactive casinos have started accepting payments via Venus Point.
| Venus Point Summary | |
|---|---|
| Available in | Japan, USA (only some states) |
| Website | www.venuspoint.net |
| Connecting bank card/account to Venus Point | Free |
| Withdrawal of balance from Venus Point to your bank card/account | Free over 350 points; 1.3 points on weekdays and 2.9 points on weekends and holidays |
| Payments to online merchants | Free |
| Available for deposit | Yes |
| Available for withdrawal | Yes |
| Usual deposit time in online casino | Instant |
| Usual withdrawal time from online casino | Instant |
| Live chat | No |
| Telephone support | No |
| E-mail support | support@venuspointmail.com |
The Venus Point payment service allows players to make instant, hassle-free deposits at online casinos. To become familiar with this solution and how it can help you manage your casino funds, we suggest you review the information below.
Using Venus Point for Gambling Transactions
To use Venus Point for casino deposits, you must first register with the service. Visit the official website and follow the registration steps. Because this is a Japanese service, you may have to complete a few extra requirements, such as providing your name in kanji and katakana, even if you register from a country other than Japan.
Once you open your account, link your bank account to your Venus Point balance so you can convert your money into Venus points. Because accounts are denominated in USD, you will notice that US$1 equals 1 point. Online casinos that support Venus Point will allow you to load funds to your gaming account, with the service acting as a mediator between your bank and the casino.
To deposit to your gaming account, go to the casino’s Cashier page and select Venus Point as your payment option. You will be redirected to a page that prompts you to log in to your Venus Point account. To confirm the transaction, choose the amount you want to deposit and enter details such as your bank, account type, and any other required information. Once you confirm the payment, the funds will instantly appear in your casino account. Keep in mind that if your gaming balance is in a different currency from your Venus Point account (USD in most cases), a conversion fee will apply.
A great feature of Venus Point is its unique system that lets you earn points (money) simply by using the service. For every 500 points you transfer, 2.5 points are added to your Venus balance. This setup lets you earn money while depositing to your casino account, making your gaming adventure even more rewarding.
Conveniently, some virtual casinos also allow you to withdraw your winnings to your Venus Point balance. The process is similar to depositing: after selecting this method, you will be asked to log in to your Venus Point account. Once you provide the required details and confirm the cashout, the money should appear in your Venus Point balance. You can then use these funds for other Venus Point transactions or transfer them to another account.
| Venus Point Gambling Transactions | |
|---|---|
| Supported transactions | Deposits and withdrawals |
| Deposit pending time | Instant |
| Withdrawal pending time | Up to 48 hours |
| Additional security | 128-bit encryption |
Advantages and Disadvantages of Using Venus Point as a Payment Method
As a payment solution at virtual casinos, Venus Point has its positive and negative sides. To decide whether this method is right for you, compare its advantages and disadvantages.
Let’s start with the advantages. When you deposit via Venus Point, you can instantly top up your gaming account, letting you enjoy your favorite casino games right away. Withdrawals are also processed quickly, so you can access your winnings in no time.
Another advantage is that Venus Point lets you earn money while making purchases at affiliated merchants, including online casinos. You receive 2.5 points for every 500 points you transfer through your account, meaning you can profit from your casino payments just by depositing to your gaming account.
Players might also appreciate payments via Venus Point because they are very budget-friendly. The majority of virtual casinos do not impose fees on transactions carried out through this service. In addition, Venus Point does not apply any fees to transactions with online gaming websites. Keep in mind, however, that if your casino balance is in a different currency from your Venus Point account, you will be charged a standard currency conversion fee.
Conveniently, most casinos allow you to use Venus Point for both deposits and withdrawals. This is a major advantage because players can manage their gaming funds with a single solution.
Payment safety is another of Venus Point’s strong sides. When you initiate a deposit or withdrawal, the casino will not ask for any sensitive information. Meanwhile, your sign-in details and the funds you transfer via Venus Point are always encrypted, ensuring that no third party can access them.
Despite its strong points, there are a few disadvantages. Because the service mainly caters to Japanese customers, it is not widely accepted at many online casinos. This makes it harder to find a trustworthy site where you can use it.
Although Venus Point lets users earn points when they make transactions, the earning thresholds are quite high. Currently, the service awards 2.5 points for every 500 points you transfer. Since the exchange rate is 1 USD = 1 point, you would need to deposit at least $500 to earn $2.50, which is often beyond the spending limits of most recreational players.
Venus Point Pros and Cons
Fees for Venus Point Gambling Transactions
One reason players prefer Venus Point for casino payments is that they are not required to pay high fees. In fact, most virtual casinos do not impose surcharges on deposits and withdrawals made through Venus Point. That said, always check the casino’s policy before proceeding with any payment.
You can see the full list of potential fees after you create your account. Generally, transferring points (money) to your account is free, as is transferring points to a merchant. However, fees may apply depending on the amount you exchange and the day on which you initiate the transfer.
If you are initiating the transaction on a weekday or the following day is also a weekday, a transaction of 300 points or fewer will incur a fee of 1.3 points. Transferring over 300 points on a weekday will be free. If you are initiating the transaction during a weekend or a holiday, or the following day is Saturday, Sunday, or a holiday, you will be charged 2.9 points for every 900 points you transfer.
| Venus Point Fees | |
|---|---|
| Gambling deposit fee | Free |
| Gambling withdrawal fee | Free |
| Bank account deposit fee | Free |
| Bank account withdrawal fee | Up to 2.9 points |
| Credit/debit card deposit fee | N/A |
| Credit/debit card withdrawal fee | N/A |
| Maintenance fee | Free |
Processing Time with Venus Point
The speed of transactions is extremely important when funding your gaming account. With Venus Point, you can top up your account in just a few seconds. After you verify the transaction, your gaming balance is credited almost instantly, allowing you to enjoy the games right away.
Conveniently, Venus Point can also be used for withdrawals from virtual casinos. You will be able to instantly withdraw funds from your gaming account, which is a huge advantage because other payment solutions may require several days of processing time.
Although withdrawals are instant, the transaction is processed only after the virtual casino approves the cashout. This approval may take up to 24 or 48 hours, depending on the casino.
| Venus Point Processing times | |
|---|---|
| Gambling deposit time | Instant |
| Gambling withdrawal time | Instant |
| Bank account deposit time | Instant |
| Bank account withdrawal time | Not specified |
| Credit/debit card deposit time | N/A |
| Credit/debit card withdrawal time | N/A |
Mobile Payments
Because most online casinos are optimized for mobile devices or have dedicated apps, mobile payments have become extremely important. Unfortunately, there is currently no Venus Point application that can be downloaded and installed on mobile devices. This should not be a concern for players who enjoy wagering on the go, however.
If you are playing at a mobile casino, you can still use Venus Point for both deposits and withdrawals on the go. The payment process on a handheld device is simple and similar to the experience on the desktop version of the casino.
Once you choose to make a deposit or withdrawal via Venus Point, you will be prompted to enter your log-in details. Next, provide your banking information and any other required data. Finally, verify the transaction and you are done.
You do not need to worry when accessing your Venus Point profile via a mobile device. The company always utilizes industry-standard security measures to protect your sensitive information. That said, make sure you are connected to a trustworthy WiFi network or use your mobile data. This will give you peace of mind while initiating payments on the go, as you will not have to worry about untrustworthy parties accessing your personal information.
Even without a dedicated app, Venus Point can be easily accessed via your handheld device. You can also load the official website of the payment solution via the browser app of your smartphone and check your available points, making mobile payments smooth and easy to handle.
| Venus Point Mobile Payments | |
|---|---|
| Apple Pay | Yes |
| Google Pay | Yes |
Security at Venus Point Online Casinos
Since Venus Point is still available as a payment solution only at a few online casinos, you should be careful when choosing the website where you can safely wager your money. Reliable casinos will use the proper tools and software to protect any type of sensitive information you share during deposits and withdrawals.
If you are utilizing Venus Point for your casino payments, you can be sure that another layer of protection will be added to your transactions. Because the service acts as a mediator between your bank account and the virtual casino, you will not provide any banking details to the casino itself. Instead, every time you initiate a deposit or withdrawal, you will be redirected to a Venus Point page where you will need to access your account.
The banking details you provide to Venus Point to verify the transaction are protected with 128-bit encryption technology. This ensures that unauthorized parties will not have access to the information you supply. Even if someone hacks the Venus Point computers that store your data, they will not be able to use such information because the decryption keys are stored on different computers.
Utilizing Venus Point for your payments is very secure, as the service works with major banking institutions. This proves that it can be trusted and that its users can safely handle their online payments.
| Venus Point Security | |
|---|---|
| Passcode | No |
| Fingerprint | No |
| FaceID | No |
| Two-factor authentication | No |
| Trusted devices | No |
| IP Restrictions | No |