This question is funny. Do you know why? Because a lot of casino players think they’re different payment gateways. They’re one and the same. The option you know today as Vega Wallet was formerly Venus Point. You can see it as a rebranding from the company’s point of view. This change of name and brand took effect on the 30th of September, 2022.
Now that we’ve addressed that, the correct question should be: Is Vega Wallet popular in online casinos? The short answer is yes. If you’re sceptical about that, a little research will show you a long list of VegaWallet online casinos for Japanese players, or ベガウォレット オンラインカジノの一覧, how they usually call it. Your next line of curiosity may be: Why is it popular? It is one of the few reliable digital payment solutions. Its speed and convenience have endeared it to the hearts of many casino players.
What is the Vega Wallet and the Upsides to Using It?
As we mentioned earlier, it has been perceived as a new payment platform recently adopted by some online casinos in Japan. That can’t be further from the truth. While it’s new, it’s a new face for Venus Point, a long-standing and very popular Japanese e-wallet. Aside from the name, other changes that took place were the features of the platform and its interface. This is why we don’t find it surprising that people think it’s an entirely different payment gateway.
E-wallets have risen to prominence in the digital era because of their ease of use, speed of transaction, and the anonymity they provide their users. People commonly use Vega Wallet to shop at online stores. Its amazing features greatly benefit casinos and their players by enabling lightning-quick deposits and withdrawals.
Another reason this service is popular among online casinos is something we’ve mentioned already – anonymity. According to gambling expert and chief editor of CasinoHEX.JP John Kimura, many online casino players are wary of executing digital transactions for fear of cyber predators and internet fraudsters. These criminal elements are renowned for hijacking or duplicating sensitive customer data. This won’t happen with the Vega Wallet, though. It utilizes high-tech channels, top-tier encryption, and an additional layer of protection to provide maximum security for the players’ data.
Lastly, Vega Wallet is a smash hit among online casinos in Japan because of its highly rewarding loyalty program. Each point in this program is equivalent to $1.
How to Get Started?
If you’re interested in using Vega Wallet, it’s a simple process. Visit the company’s website and click on register or sign up. The first phase involved entering your email address. Once you submit it, you’ll be sent a confirmation link. The next phase is a lengthy registration form. It contains space for personal data, but don’t worry. It’s safe. You don’t have to fill in everything; just focus on the required fields.
Then accept the terms and conditions and submit the form. This will prompt the company to email you that your Vega Wallet account is now active. Lastly, add your bank account by clicking on the “add cash” button and following the prompts.
How to Deposit in Online Casinos Using Vega Wallet?
The process for doing that entails:
- Go to your casino’s payment options page.
- Look for Vega Wallet’s logo and click on it.
- Fill in your sign-in details.
- Input the amount you want to deposit.
- Click on “Confirm payment.”
How to Withdraw from Online Casinos Using Vega Wallet?
It’s the same process as the deposit. The only exception is that you’ll input the amount you want to withdraw.
Downsides of Using Vega Wallet
- This option is exclusive to Japanese players.
- Though it’s deservedly among the recommended payments for Japanese players, it only supports the USD currency. Even the yen, the country’s currency, is not supported on Vega Wallet.
- Customer support needs to be improved.
Fees Applicable with Using Vega Wallet
Using this payment option comes with a small service charge. The first is $1.80 for transactions accumulating up to at least $900. The second one is for currency conversions. Lastly, the third charge is for exchanging points. For every 900 points exchanged, the company charges 2.9 points ($2.9).
Conclusion
Vega Wallet is a payment option that comes with pros and cons. To recap, the upsides to using this service include anonymity, speed, ease of use, being ideal for international transfers, and reliability. The downsides include supporting one currency and its customer support, which can only be contacted via a single channel.