As the global gambling scene is on the rise, more payment solutions have started catering to the needs of online players. This is why online casinos are adding newer payment solutions to their supported payment options, allowing their patrons to handle their deposits and withdrawals with ease. While some payment solutions are available globally, others are more concentrated on delivering their services to specific markets.
The Japanese-based Venus Point is one of the newest additions to the lists of supported payment solutions of some online casinos. While it is a fairly new option available for gambling purposes, more interactive casinos have started accommodating payments via Venus Point.
|Venus Point Summary|
|Available in||Japan, USA (only some states)|
|Connecting bank card/account to Venus Point||Free|
|Withdrawal 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|
|Pay 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|
The payment service of Venus Point allows players to make instant and hassle-free deposits at online casinos. To get familiar with the payment solution and the way it can help you handle your casino funds, we suggest you check the information we provide down below.
Using Venus Point for Gambling Transactions
To be able to use Venus Point for your casino deposits, you will first need to register with the service. To do that, you should head to the official website of the service and follow the steps for registration. As this is a Japanese service, you may have to go through a few extra steps such as providing your name in kanji and katakana, even though you can select to register from a country different from Japan.
Once you open your account, you can link your bank account to your Venus Point balance to be able to convert your money into Venus points. As accounts are handled in USD, you will notice that US$1 is equal to 1 point. Online casinos that support payments via the service will also allow you to load money to your gaming account, with Venus Point acting as a mediator between your bank account and the virtual casino.
To deposit to your gaming account, head to the Cashier page of the casino and select Venus Point as your preferred payment option. This will redirect you to a page, asking you to log into your Venus Point account. To confirm the transaction, you will be asked to select the amount you would like to deposit and enter details such as your bank, the type of your account, and any information required for the payment. Once you confirm the payment, your money will instantly appear in your casino account. Keep in mind that if your gaming balance is set in a currency different than the one used for your Venus Point account (USD in most cases), a conversion fee will be applied.
The great thing about Venus Point is that it offers a unique system that enables you to earn points (money) just by using the service for your payments. For every 500 points that you transfer via Venus Point, you will get 2.5 points added to your Venus balance. This service will allow you to earn money while you deposit to your casino account, making your gaming adventure even more fruitful.
Conveniently enough, some virtual casinos will also allow you to withdraw your winnings to your Venus Point balance. The payment process is very similar to depositing via the service, asking you to log into your Venus Point account after you have selected to withdraw your winnings via this method. Once you provide all the required details and confirm the cashout, the money should appear in your Venus Point balance. You can choose whether to 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 be able to determine whether this payment method is the right one for you, you can compare the good and the bad aspects of the service.
Let us start with the advantages of Venus Point as a payment solution at online casinos. When you decide to deposit via this method, you will be able to instantly top up your gaming account, allowing you to enjoy your favorite casino games right away. Withdrawals will also be processed quite fast, allowing you to enjoy your winnings in no time.
Another great advantage of using Venus Point is the way the service allows you to win money even while making purchases at affiliated merchants, including online casinos. You will be able to enjoy 2.5 points, for every 500 points you transfer via your Venus Point account. This means that you can earn from your casino payments even by just depositing to your gaming account.
Players might also enjoy the payments via Venus Point as they are very budget-friendly. The majority of virtual casinos do not impose any fees on transactions carried out via this service. What is more, Venus Point also does not apply any fees on transactions to online gaming websites. Keep in mind, however, that if your casino balance is in another currency than your Venus Point account, you will be charged a standard currency conversion fee.
Conveniently enough, most casinos will allow you to utilize Venus Point for both deposits and withdrawals. This is quite the advantage as players will be able to handle their gaming balance with just one solution.
The safety of payments carried out via the service is another of Venus Point’s strong sides. Upon initiating a deposit or withdrawal via the method, you will not be asked to provide any type of sensitive information to the interactive casino. Meanwhile, your sign-in details as well as the money you transfer via Venus Point are always encrypted to ensure that no third party will have access to such information.
Despite its strong points, there are a few disadvantages to utilizing Venus Point for your casino payments. As this service mainly caters to Japanese customers, it is not widely accepted across many online casinos. This means that it can be tough to find a trustworthy gaming website where you will be able to utilize the service.
Even though the payment system of Venus Point allows its users to earn points while they are initiating transactions via the service, the limits for earning points are quite high. Currently, the service will award 2.5 points for every 500 points you transfer via Venus Point. Since the exchange rate for the points is 1 USD = 1 point, this means that you would need to deposit at least $500 to your casino account to earn $2.50. This is often over the spending limits of most recreational players.
Venus Point Pros and Cons
Fees for Venus Point Gambling Transactions
One of the reasons why players prefer using Venus Point for their casino payments is the fact that they will not be required to pay high fees for their transactions. In fact, most virtual casinos will not impose any surcharges on deposits and withdrawals via Venus Point. That said, it is always advised to check the policy of the virtual casino before you proceed with the payments.
You can see the full list of fees that may apply to your Venus Point transactions once you create your account. Generally speaking, transferring points (money) to your account is free and so is transferring points to a merchant. That said, there could be some fees applied to the transaction, depending on the amount you are exchanging and the type of day you are initiating the transfer on.
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 either 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|
Processing Time with Venus Point
The speed of transactions is extremely important when it comes to funding one’s gaming account. The great thing about using the service for your deposits is that you will be able to top up your account in just a few seconds. After you verify your transaction, your gaming balance is charged almost instantly, allowing you to make the most out of your gaming experience right away.
Conveniently enough, Venus Point can also be used for your withdrawals from virtual casinos. This is great news as you will be available to instantly withdraw the funds from your gaming account. This is definitely a huge advantage as other payment solutions have a processing time of several days.
Even though withdrawals are instant, however, keep in mind that the transaction is being processed only after the virtual casino approves of the cashout. This may take up to 24 or 48 hours, depending on the online casino itself.
|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|
As most online casinos are fully optimized to run on mobile devices or have their own dedicated apps, mobile payments have become extremely important. Unfortunately, currently, there is no Venus Point application that can be downloaded and installed on mobile devices. This, however, should not be a concern for players who enjoy placing their wagers on the go.
If you are playing at a mobile casino, you will still be able to use the service of Venus Point for both your deposits and withdrawals on the go. The payment process that you go through while playing on your handheld device will be simple and similar to the one you experience on the desktop version of the casino.
Once you choose to make your deposit or withdrawals via the service of Venus Point, you will be asked to use your log-in details to open your Venus Point account. Then, you will need to provide your banking details and other information required for the payment. The last step will be to verify the transaction and you will be done.
You do not need to worry when you are accessing your Venus Point profile via a mobile device. The company will always utilize industry-standard security measures and tools to protect your sensitive information. That said, make sure you are connected to a trustworthy WiFi connection or you are using your mobile data network. 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, the service of 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. This will further make your mobile payments smooth and easy to handle.
|Venus Point Mobile Payments|
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 and enjoy your time. Reliable casinos will make sure to use the proper tools and software to protect any type of sensitive information you may be sharing 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. Since the service acts as a mediator between your bank account and the virtual casino, you will not be providing any banking details to the casino itself. Instead, every time you initiate a deposit or a withdrawal, you will be redirected to a Venus Point page where you will need to access your account.
The banking details that you provide to Venus Point to verify the transaction will be protected with 128-bit encryption technology. This ensures that unauthorized parties will not have access to the information you provide for the payment to be complete. Even if someone hacks the Venus Point computers that store your data, they will not be able to make use of such information as they will need decryption keys that are stored on different computers.
Utilizing Venus Point for your payments is very secure as the service is working with major banking institutions. This proves that it can be trusted and its users can safely handle their online payments.
|Venus Point Security|
Venus Point Casinos FAQs
Residents of Which Countries Can Utilize the Service of Venus Point?
The accessibility of the service of Venus Point is a bit vague as one could register from different countries around the world but the registration form also requires users to register with their name in kanji and katakana. This makes us believe that at the moment, the payment solution can be used only by Japanese users who have an account with a bank based in Japan. That said, players from the US might also be able to register and make use of the service at some online casinos.
How Do I Earn Points with This Service?
Every time you use Venus Point for your transaction, you have the chance to earn points that can be used for your future payments. For every 500 pints ($500) transferred via Venus Point, you will receive 2.5 points that will be credited to your account on the 10th of every month. The maximum number of points you can win back in a single month is capped at 20,000.
What Options for the Currency of My Venus Points Account Do I Have?
Currently, the service supports only USD and your account will automatically be set up in this currency. The exchange rate based on the currency used by Venus Point is 1USD = 1 point. Your funds will be visible in the points format, and money earned through payments as well as applicable fees will also be available in the form of Venus points. If you are depositing to your casino account which is set up in a currency different from USD, a standard currency conversion fee will be applied.
What Contact Options Do I Have?
If you have any questions about your Venus Point payments, you can head to the Support section of your account and fill out the message form that the service provides. If you do not receive a reply within the following 24 hours, you can also send your queries directly to email@example.com and the support team will make sure to reply in no time.
Can I Make Use of Casino Promotions if I Make Deposits via Venus Point?
Typically, online casinos have no promotional restrictions imposed on players who deposit via Venus Point. This means that those who utilize the service will most likely be able to redeem various match bonus offers as well as other casino promotions. That said, make sure to always read the terms and conditions of every casino deal as there might be some payment method-specific promotions that exclude Venus Point deposits.