Last updated: 12 April 2021
While still a less common payment method than some other digital banking systems, Venus Point deserves a proper review, for the sake of our Japanese readers. It is a method that relies on online money transactions, targeting primarily users from Japan and possibly the surrounding region. It may be somewhat unknown in the western world, but Venus Point has become one of the preferred e-wallets in Asia in only several years of operation. On this page, Casino Banking Methods will explore the ins and outs of Venus Point, giving you an honest, objective review containing relevant details and casino/bonus suggestions.
Not much is known about the company that stands behind Venus Point. The corporate website needs work, but the English and Japanese layouts clearly indicate that the Japanese audience is the primary target for this banking solution. What can’t be disputed about Venus Point is the fact that it started in 2016 and quickly became a very flexible payment method in the Asian market, offering attractive financial incentives such as collecting points.
The company is usually referred to as Venus Point or VenusPoint.net, and it operates in the fields of brick-and-mortar stores and merchants, settling easily in the e-commerce and online gaming and gambling markets as well. The solution is defined as “a stored value electronic financial platform that functions as a payment processor”.
The main feature of this option is that users can send and accept what is described as “points” from third-party merchants. Points are easily converted into money and one point is equivalent to $1. Before you can send any money to an online casino, for example, you need to accumulate points into your account. You may create a Venus Point account, use it to withdraw your winnings, and then use those points for a casino deposit.
The lack of a specific regional coverage is a vague point that may push potential users away from the service. If you are uncertain whether you are from a supported country, contact customer support over form or email for a confirmation.
Visit the official Venus Point website
Go to VenusPoint.net and you will see the sign-in form presented right there on the front page of the site. However, as a user-to-be, you need to click on the button that says New Registration, located below the regular sign-in form.
Provide your email
Once on the registration page, you will be asked to type in the email you would like to link with your account, so make sure you enter the address correctly. Confirm it in the next designated box.
Check your email inbox for activation email
A Book Registration email should reach your inbox in a matter of seconds, so open it and launch the URL provided in the email. This will verify your address and set the foundation for future logins.
Complete the form and the registration
After you have clicked on the link sent to you by Venus Point, you will be redirected to the final stage of the registration where you will need to provide some basic personal information, no strict ID checks included. Enter the required info and verify it. Another email will be sent to you, to inform you that you have completed the account registration.
Keep in mind that Venus Point services are conducted in US dollars exclusively. This is the default currency. Converting points may be done in other local currencies, but they are not specified, and all potential conversion fees are assessed in US dollars as well.
Is it complicated to make Venus Point casino deposits and withdrawals? You better believe it – it isn’t. The unspoken motto of this payment processor is “make it as uncomplicated as possible”. If you have ever used an online payment service or a digital wallet, you should get the hang of it pretty quickly. The biggest twist to the Venus Point tale is that you won’t transfer money directly. Instead, you will claim points/send points and then convert them to USD.
To start making deposits, go to the banking page of your chosen casino (obviously, it needs to support Venus Point). Seek out the Venus Point option and click on it; this will redirect you to the VenusPoint.net website where you will log in with your user credentials. Fill in the info required to complete the transaction. Review everything carefully before you submit the payment because all transactions made with the service are irreversible.
After you’ve confirmed the transfer, the deposit will be executed right away. The casino winnings withdrawal is nearly an identical process that starts at the cashier and ends with you confirming the transfer from inside your Venus Point account. Not sure which casinos work with Venus Point? Check out premium CBM picks for top 5 Venus Point casinos below.
In other words, your point value balance will be reduced by 1.8 points for every 900 points transferred. If there are any other charges involved, the system will inform you in due time.
The good people at Venus Point are men (and/or women) of a few words. They do not waste time on explaining and elaborating. The practice informs us that Venus Point payments are instantaneous, in both directions. In other words, you will not wait to receive your deposit at all, and you will only wait to receive your withdrawal if the casino you are playing at has a pending period of a day or two.
It is quite likely that you already know that deposit and withdrawal limits are in the hands of the casinos. The operator has the liberty to set the banking limits that the customers are required to adhere to. In the case of making payments with Venus Point, we haven’t noticed any major stand-outs. The limits are reasonable and in sync with other popular payment methods.
For instance, Royal Panda permits a minimum deposit with Venus Point of €10, while capping the payment at €15,000. The same limits apply to options such as Neteller, Trustly or Zimpler, which proves that Venus Point does not fall behind.
50 Free Spins No WageringGet Bonus
Money Back up to €40Get Bonus
100% up to €100 + €10 Free SpinsGet Bonus
10% Cashback up to €200Get Bonus
Up to 15% Daily CashbackGet Bonus
Up to 15% Daily Cashback
20 Free Spins No DepositGet Bonus
20 Free Spins No Deposit
61 Free Spins on Slot of the MonthGet Bonus
61 Free Spins on Slot of the Month
100% up to $200 + 200 Free SpinsGet Bonus
Security is the foundation of any good, long-standing interaction online, especially if it involves real money casino winnings. Remember that Venus Point stores and processes your information on computers located in secure locations. Your account data is stored under encryption and the company does not give access to its database to any government authority. It is only subject to a court order from a British Virgin Islands court of jurisdiction.
Overall security of the system is also affected by the funds storage. We know for a fact that Venus Point stores value from their clients’ balances onto pooled accounts, spread across bank accounts at one or several banking institutions. This further adds more security layers over the financial resources that sustain the company and make these easy transfers possible.
Customer assistance at Venus Point is available 24/7 via the on-site contact form and email. Should you send an inquiry through the website form, you ought to receive a response within 24 hours. If you do not receive a response within this time, you are prompted to contact customer support directly at the email address [email protected] Unfortunately, no live chat enabled, which is quite underwhelming.
If your Venus Point PIN has been compromised or you believe that someone has transferred or may transfer money from your stored value account without your permission, make sure to inform the support team through the internal messaging system available by logging into Venus Point. Also, if there was some sort of error, also feel free to notify the assistance agents. They will conduct an investigation and inform you of the results within 10 business days.
We have yet to encounter any complaints about the service Venus Point provides. Despite not being precise about the timeframes needed for carrying out transactions, Venus Point seems to be doing a good job so far. The casinos that accept it have reported instant transaction times.
The system is far from perfect, but it seems to be working well for players looking to stay anonymous, make quick casino transactions and benefit from being active and regular. Due to the lack of transparency regarding certain aspects of the service, we do advise that you use it carefully and with smaller amounts, at least in the beginning, until you get comfortable with it.
As a user of Venus Point “mediator” store value service, you won’t have a lot of additional features at your disposal other than being able to receive, send and store points, as well as being able to convert them to US dollars.
The system does offer a nice feature of getting bonus points for using your account and being active. The more transfers you carry out, the more extra points you can win. Considering the fact that points can be converted into money, that is a pretty sweet deal.
There are no dedicated apps that provide Venus Point service to mobile device users. However, the website, being so simple and lightweight, works great on smartphones or tablets. You can easily access your account, send and receive points, or convert them to real money if you load the VenusPoint.net website through your standard mobile browser.
If your chosen online casino is compatible with mobile devices and supports Venus Point, you can continue gambling online on mobile. All you’ll need to do is log in to your online casino via your smartphone and start the depositing or withdrawing process. As long as you are connected to the internet, you’ll be redirected to Venus Point’s website to complete the transaction. Pretty straightforward and timesaving.
- Venus Point offers a unique bonus point system. If Venus Point is used to send money to a casino, you earn 2.0 points (2.5 points during a campaign) for every 500 points being sent and will receive accumulated points around the 10th of the following month. The more you use it, the more points you earn!
- The lowest amount of points that can be withdrawn is 50 ($50) and the maximum limit per day is 20,000 points ($20,000).
- Venus Point is accepted at some of the most prestigious casino sites today, such as Bitstarz, Casumo, LeoVegas, PlayOJO and Royal Panda.
- The fee for making transfers with Venus Point is ridiculously low. For each $900 transacted, you only need to pay a $1.80 commission fee. Ideally, considering the bonus points you might receive while transferring back and forth, the fees could even get cancelled out.
Venus Point is a suitable banking option for both deposits and withdrawals at casino sites that accept this method. There are no technical obstacles that may disable cashing out with Venus Point, but you should always check if the casino has any restrictions in place.
No. As far as we’ve seen and experienced, Venus Point transactions do not incur casino fees. Royal Panda online casino, for instance, charges 0% fees for deposits and withdrawals carried out via Venus Point.
The service uses security measures that comply with industry standards, as well as common banking systems in most countries. Venus Point keeps your money completely safe and out of reach for unwanted third parties with the help of advanced encryption and safe gateways.
If you, as a resident of a specific country, are not eligible for using the services provided by Venus Point, you will be denied access to an account on the website. There are no stringent restrictions or excluded countries listed, but it is confirmed that Japan is accepted and also where this method is the most popular.
The funds you’ve withdrawn from your casino balance should be reflected on your Venus Point account as soon as the casino’s pending period expires. The money should be transferred almost instantly if the casino doesn’t keep your request pending.
At the moment of writing, there was no conclusive information publicly available on who operates Venus Point, or where precisely the company is based. It is, nevertheless, indicated that the company is registered in the British Virgin Islands.
Venus Point services are conducted in US dollars by default. If you wish to top-up using any other currency, the system will first show you this currency value, the exchange rate, and the costs that may apply if you wish to finalize the conversion process.
Review & Best Casinos
- Great option for Asia
- Good selection of iWallet casinos
- Crypto friendly