Venus Point
Overview
Venus Point is an electronic financial platform based in Japan that allows for the transfer and acceptance of various types of payments to and from third parties. It is a well-known and popular instant payment method in the Asian market that enables punters to deposit funds and withdraw winnings without the need for credit or debit cards.
As a preferred eWallet in Asia, Venus Point is highly flexible and offers attractive financial incentives, such as point collection. Users can collect points from merchants who accept the service and convert them into local currency (with US dollars being the default currency) as cash payouts. The maximum amount of points a user can collect per month is 20,000, ensuring seamless and fair user-merchant transactions.
Venus Point also enables users to receive change from retailers in the form of points, which they can use to make other purchases or withdraw to a bank account. Each point is equivalent to one US dollar, and they are earned with every purchase made through the platform.
To collect points, users simply need to visit the merchant’s account section, and the points will be credited to their Venus Point account. To send points, users need to apply for payment, and Venus Point will transfer the points to the store.
The platform is available in both Japanese and English, and anyone can register. However, the company retains the right to deny or limit services at its discretion.
How to Register for a Venus Point Account
If you’re interested in using Venus Point, you can easily check your eligibility by starting the sign-up process. The service only denies access to users from certain regions and will stop the registration process if necessary.
Assuming you’re eligible, you can follow these easy steps to register for a Venus Point account:
- Go to the official website and click on the “New Registration” button located below the regular sign-in form.
- Enter your preferred email address and confirm it in the designated box. You will receive an email from Venus Point with the subject “Book Registration”. Open the email and click on the provided link to proceed to the next step.
- Fill out the basic personal information required on the registration page. Venus Point does not require strict ID checks, making the process quicker and easier.
- After you have entered and verified all your information, you will receive a “Completion” email indicating the finalization of the process. You can now use your email and password to access your newly created Venus Point account. From here, you can add funds to your account and use it for transactions with e-merchants that accept Venus Point.
Overall, registering for a Venus Point account is quick and straightforward, making it a convenient payment method for online transactions.
Venus Point – A Stored-Value Payment Service Provider
Venus Point is a payment service provider that functions as a mediator between clients and merchants. It operates as a stored-value service, which means it doesn’t store deposits like a bank or financial institution. When you add funds to your Venus Point account, the service combines them with funds from other users and places them in deposit-taking financial institutions.
As a user, you own the funds until the recipient accepts the transaction when you make a payment via Venus Point. If you’re the recipient, Venus Point credits the funds into your account. You can also request a refund of the funds stored with Venus Point, but a service fee may apply.
Venus Point uses US dollars for its services, but you can top-up your account using other currencies. The exchange rate and associated costs will be displayed before you finalize the transaction.
Opening a Venus Point account is a simple process. After confirming your email address, you’ll receive a registration URL. Then you’ll fill out a form with your personal information and agree to the terms and conditions. Once you register, you’ll receive an email with your login ID and a one-time password to activate your account.
Venus Point’s Convenient Deposits for Online Casinos
Step 1: Depositing funds with Venus Point at online casinos is a hassle-free process that is not only swift but also financially rewarding, as previously mentioned. This payment option is even more appealing due to its ease of use. Begin by visiting the Banking section of your preferred online casino and locating the Venus Point logo. Click on it to initiate the deposit process.
Step 2: Clicking the logo will redirect you to the payment processor’s website. You will be required to enter your personal login credentials, email address, and password. Once inside your account, enter all transaction details, such as the recipient’s information and the amount to be transferred.
Step 3: Before completing the transaction, take into account any additional factors, such as currency and transaction fees, as all Venus Point transactions are irreversible. If you are utilizing funds from your bank account, you will need to provide additional information to transfer the funds to your Venus Point account. This will typically include your account number, bank, branch office, account type, and the amount of funds. Once the funds have been transferred to your Venus Point account, the deposit process can proceed as usual.
Step 4: Confirm the transaction and wait for the website to redirect you back to your chosen online casino. The funds should be credited to your account instantly, although there is no set timeframe for the transfer’s execution.
Cash Out with Venus Point at Online Casinos
Step 1: While deposits are necessary for real money online casino play, withdrawals are crucial to players as they represent the outcome of their efforts. Whether it’s a big or small win, it can be easily withdrawn using Venus Point as a payment method. To begin, go to the withdrawal section and choose Venus Point from the list of available methods.
Step 2: As with deposits, this will redirect you to the official Venus Point website. Log in to your account and verify it. You will typically need to provide your account number and the amount you wish to withdraw from the online casino.
Step 3: Once all of the necessary information has been entered, confirm the transaction request and watch as the funds are transferred to your Venus Point account. Players can then choose to use the funds for other transactions or transfer them to another account. Be sure to complete the transaction before initiating another one, as both deposits and withdrawals to Venus Point accounts keep the funds in the original storage location until final verification confirms the transfer.
Transfer Times, Fees, and Security with Venus Point
To send and receive points or funds from authorized merchants, simply select Venus Point at the merchant’s point of sale. This service is free, and as an added bonus, the more you use the system, the more points you earn. For every 500 points transferred, an additional 2.5 new points will be added to your account.
If you wish to exchange currency, there is a fee of 2.9 points for every 900 points you wish to exchange.
Venus Point aims to ensure timely processing of all credit and debit card transactions involving bank accounts, but they do not guarantee the exact timeframe for these transactions to be cleared. The lack of a specific timeframe for deposit and withdrawal processing is a disadvantage.
If you wish to withdraw money to another account, Venus Point will charge applicable fees to process the request. These fees are charged in US dollars, and the company reserves the right to modify the policy without prior notice.
Benefits and Drawbacks of Using Venus Point Casinos
Advantages of Venus Point Casinos:
- Security: Venus Point follows industry standards and uses secure portals, payment gateways, and encryption to protect users’ privacy. Their precautionary measures meet legal requirements, providing a stable service overall.
- Funds Storage: The service keeps users’ funds in pooled accounts spread across bank accounts at multiple banking institutions, ensuring high-level protection and benefiting from potential interest.
- Ease of Use: From registration to deposits and withdrawals, Venus Point’s processes are straightforward and quick, consisting of only a few steps.
- Availability: While primarily focused on the Asian market, Venus Point is available to international player pools, promising stability and growth.
- Fee Policy: Venus Point charges a low commission fee of $1.80 for every $900 transacted, and users receive extra points for using the service, which boosts their bankroll.
Disadvantages of Venus Point Casinos:
- Vague Timeframe: As a relatively new service, Venus Point lacks a specific timeframe for payment processing, which some users may view as a disadvantage.
- Unsatisfactory Coverage: Venus Point’s regional coverage is unspecified, which may discourage potential users. Although the company handles these matters internally, they still need to improve transparency for potential and current users.
Venus Point Casino Bonuses
Online casinos offer various bonuses to attract new players and retain existing ones.
Venus Point online casinos provide the following bonuses:
- Welcome Bonus: New players can benefit from welcome bonuses, which usually consist of 100% or more match bonuses and free spins on specific games. However, players should always check the bonus terms and conditions, as a minimum deposit may be required.
- Match Bonuses: Match bonuses are offered to both new and loyal players, matching their deposits and providing more funds to play with.
- Free Spins: Free spins are typically awarded to players when a new game is launched, or as a loyalty bonus for previous deposits, along with deposit bonuses.
- No Deposit Bonuses: A no-deposit bonus doesn’t require players to make a deposit. They are often given to new players who have just registered to test out the site.
Safety Measures of Venus Point
Venus Point is not only a straightforward payment option for funding casino accounts but is also one of the most secure banking methods in use today. In addition to its ease of use, Venus Point provides a secure and trustworthy method for account funding. All user data is securely encrypted using SSL standards, and client information is stored in secure servers worldwide. Access to player data is restricted, and the website only allows access in response to a court order.
Venus Point Support
At times, you may have questions or concerns that require immediate attention. If you experience any issues with deposits or withdrawals, point balances, reimbursements, or suspect any unauthorized access to your account, you can contact Venus Point directly by completing the contact form found on their website. A member of the support team will respond to your inquiry promptly. Alternatively, if you do not require an immediate response, you can email [email protected] and expect a reply within a few hours.
Summary
Venus Point is a popular eWallet service in Japan that provides fast and simple deposit and withdrawal options for online casinos. To fund your casino account, simply select Venus Point as the deposit option, enter the desired amount, and start playing. Every transaction earns bonus points that can be exchanged for cash. Venus Point’s electronic cards provide a secure and convenient transfer method for players.
While the service is currently not available at all online casinos, its popularity is increasing among iGamers due to its ease of use and security. Registration is quick and easy, with the website available in both Japanese and English. With Venus Point acting as your agent, transferring funds to designated recipients is a straightforward process that allows you to earn valuable points while spending money.
