At Kajino.com we have already published an article about this Japanese payment method, which you can find under the following name: Kyashでオンラインカジノを始めるなら[Kajino.com]がおすすめ! Let’s try to understand this in more detail.
What is Kyash?
Kyash is basically an application that allows users to issue a prepaid “Kyash Card Virtual” that can be easily used by anyone with a smartphone. The most popular country to use Kyash – is Japan, but recently it has been rapidly gaining popularity in other countries. Kyash Japan well as being used for shopping, also has benefits such as the ability to transfer money and split payments between apps.
Pros of Using Kyash for Online Casinos
As the Kyash virtual card is branded with the VISA logo, you should be able to deposit money at any online casino that accepts VISA.
However, this isn’t limited to Kyash cards; some online casinos won’t accept prepaid card deposits.
In some circumstances, you may want to make a postpaid deposit but not be able to get through the verification process. In these situations, try switching to a different oncash account, or use a service similar to Kyash that offers deferred payment.
Before making a deposit into the casino, you can also request Kyash or other post-payment services to convert your balance into cash.
(This is a great service that accepts credit cards, Melpay, and Kyash redemption).
Now, let’s have a look at some of the advantages of using Kyash in online casinos!
Security and Privacy
Kyash has several features to prevent unauthorized use, including a “card lock setting” that allows users to limit the use of the card, and an IC chip (Kyash card only).
With the introduction of the new compensation system, Kyash users can now use their cards even more securely. The system is available to holders of verified “Kyash Money Account” or unverified “Kyash Value Account”.
- Starting in November 2020, the Kyash Card will accept “3D Secure” at the moment of payment. With the use of a “password set by the member” or a “personal message,” 3D Secure is an “identity authentication service” that guards against digital fraudulent usage, including identity theft.
Speed and Efficiency
In addition to the money transfer function, you can also pay with your smartphone at different online casinos. A prepaid “Kyash Visa Card” is issued on the dedicated app and the user loads an amount of their choice within the maximum limit.
The card and app are linked and the user can check the balance and statement in real time after use. The app also allows users to set their card’s payment limit, which is useful for managing their finances.
Accessibility and Inclusivity
Once Kyash has been downloaded to your smartphone from the AppStore or Google Play, you can “transfer” money between accounts and easily make deposits into the online casino.
As long as you have the Kyash app installed, you can send and receive money without any processing fees. This is very convenient for those who want to deposit without paying transfer fees, or for those who want to easily withdraw their funds.
Promotions and Bonuses
At the moment there are no special promotions or bonuses offered by online casinos for Kyash users, but Kyash allows you to earn “reload points” in addition to “Kyash points”.
Depending on how much you spend in the online casino, you can earn “credit card company points” by charging the balance to your credit card. “Double points” can be earned by making Kyash casino deposits, which will award 0.2% of “Kyash points (Kyash money and Kyash value)”.
- However, Kyash rounds down to the nearest value. Spend as close to the desired amount as possible when using a Kyash card with a 1% redemption rate. If you spend 199 yen, you will only earn 1 point (199 yen x 1% = 1.99 points).
Cons of Using Kyash for Online Casinos
Kyash offers two different types of cards: a “virtual card” that can only be used online, and a “real card” that can be used in physical stores.
While the real “Kyash Card Lite” costs 300 yen and the real “Kyash Card” 900 yen, the virtual card is free.
In fact, after 90,000 yen of card usage (1% redemption rate), the annual cost of 900 yen will pay for itself. The fee is charged only once, not annually, when the card is issued and renewed every five years. Getting a real card is worth it because you can use it in real shops.
Limited Adoption
Potential challenges due to the limited adoption of Kyash are obviously the fact that it’s only accepted in a small number of Japanese online casinos.
It’s availability may seem more limited compared to more established legacy payment methods.
Geographic Restrictions
Unfortunately, Kyash has geographical restrictions that users may encounter, it could only be used for online casinos operating in Japan.
This regional restriction may affect the accessibility of Kyash for other players living in other countries.
So how good is Kyash as a payment method?
For those without a credit card, Kyash is a great payment software that allows you to pay for goods and subscription services.
However, the fact that the maximum amount is not set extremely high could be a drawback if used as a deferred payment for gambling deposits, such as on-accounts.
Nevertheless, considering the redemption rate and other aspects, Kyash is an easy to use payment software that can be used as a standard prepaid card.