Visa is an American company that provides financial services around the world. It was founded back in 1958, which makes it one of the oldest financial corporations. Since then, it has become bigger and bigger each year and it didn’t take long for it to reach its current heights. Nowadays, Visa is used by millions of people around the world to make payments both offline and online. The biggest benefits that it offers are its tremendous safety features and ease of use.
Even though Visa helps facilitate electronic payments everywhere in the world, it does not actually issue any cards. Instead, Visa provides thousands of banks with their payment products which can be used to provide numerous financial programs to customers. That is why obtaining a Visa card has to be done through a bank. Nevertheless, this is still fairly easy to do.
To show the true size of Visa, it’s best to look at the numbers. The 2015 Nielsen Report showed that Visa’s Global Network processed more than 100 billion transactions in 2014. The total volume of these transactions was US$6.8 trillion. Let that sink in.
Advantages of Visa
One of the biggest advantages of Visa is the fact that it is so popular. By this, we do not mean popular only in the online casino industry. If you get a Visa card, you can use it globally, in almost all countries in the world, to make all kinds of payments. Moreover, with this payment method, there are basically no online casinos where you will not be able to play due to deposit and withdrawal issues.
Using Visa also lets you deposit large amounts to your online casino account. Online casinos typically place deposit limitations based on the limitations of the payment method you use. These limitations are usually most liberal if you deposit with Visa. Therefore, if you like playing with big amounts of money, Visa might be your best choice.
In addition, you do not have to wait for the money you deposited to appear on your online casino balance, as transactions are almost instantaneous. All Visa transactions are processed the moment you press the “Deposit” button. Therefore, you do not need to hang around and wait for your money — you can proceed to choose the best games to place bets on.
Visa also lets you easily withdraw money to your Visa card. Compared to MasterCard, that is their biggest advantage. Most online casinos which accept Visa deposits also accept Visa withdrawals. Therefore, there is no need to use two or more different payment methods and complicate things. You can do it all with just one card.
Last but not least, the biggest advantage of Visa is the security it offers. If your hobby is online gambling, security is one of the most important factors, which is why Visa is so popular among punters. It has multiple built-in security features combined with a premium consumer protection mechanism which protects users against theft and fraud.
How Does Visa Work?
To make transactions possible almost everywhere in the world and to keep them safe, Visa’s transactions are facilitated in a pretty complicated way. Six different entities are involved in each Visa-related transaction, and each one of them is necessary to make a transaction possible.
These entities are:
- The Merchant – a shop or an online website which is allowed to accept Visa transactions
- Merchant Bank – a Visa member financial institution which accepts Visa cards on behalf of merchants
- Cardholder – an owner of a Visa card
- Issuer – a bank or a financial institution which provides Visa cards and accounts to cardholders
- Visa Inc. – the financial conglomerate which provides Visa-branded products to issuers, including credit and debit cards
- VisaNet – VisaNet is a collection of electronic systems which make transactions possible and keep them safe and efficient
As you can see, whenever you make a purchase online or deposit money into your online casino account, a lot needs to happen. Each of these six entities needs to do their fair share of work during every transaction you make. However, payments are still instantaneous thanks to the efficiency of the entire system.
How to Create a Visa Account?
Creating a Visa account and getting a Visa card is a bit more complicated than using an eWallet. If you wanted to open an eWallet account, you would just need to visit their website, provide some personal information, and you’d be all set. However, getting a Visa card is slightly more complicated.
Namely, as we mentioned, Visa does not issue cards. Instead, it gives banks the right to do that on behalf of the company. Therefore, in order to get a Visa card, you need to go to a bank and apply for one there. Almost all banks in the world issue Visa cards, so finding one that meets your needs should not be a problem.
Depending on whether you want to get a Visa credit or a Visa debit card, the process will differ. Visa debit cards can be obtained by almost anyone, including teenagers, students, and the unemployed. However, Visa credit cards are typically only issued to employed individuals.
Moreover, to get a Visa credit card, you need to have a good credit score. That can create complications, especially in the US, where the credit rating system is incredibly complex.
Finally, applying for a Visa card and receiving it from a bank usually takes between one and two weeks. That’s longer than applying for an eWallet, but it’s still reasonably short.
How to Deposit Using Visa?
Depositing with Visa is not difficult at all. All you need to do is follow these several simple steps below, and you’ll have funds in your online casino account in a breeze.
But before that, you need to keep a couple of things in mind. In order to make a deposit using your Visa card, you need to have it next to you because you will be required to provide certain pieces of information written on it. This information includes your name and surname, the card number, the expiration date, and the 3-digit CVV code on the back.
If you have this information, all you need to do is:
- Choose an online casino which accepts Visa deposits.
- Navigate to the “Cashier” section on the website.
- Click on the “Deposits” tab in the “Cashier” section.
- Select Visa as your preferred method of payment.
- Enter the amount you want to deposit.
- Enter the necessary card information.
That’s it! If you followed the steps correctly and you had sufficient funds on your Visa card, your online casino account should now be loaded with funds.
How to Withdraw Using Visa?
Withdrawing using Visa is just as simple as making a deposit. Most often, online casinos which accept Visa deposits also accept Visa withdrawals, so you can use one card for all of your gambling-related transactions.
However, some online casinos only accept Visa debit withdrawals or only Visa credit card withdrawals. Therefore, make sure to find out whether your card is supported. If it is, follow the steps below.
- Log in to your online casino account.
- Navigate to the “Cashier” section on the website.
- Click on the “Withdrawal” or “Cashout” tab.
- Select Visa as your preferred payment method.
- Choose the amount you want to withdraw.
- Complete the verification process if it is necessary.
A big reason why Visa is that popular among online gamblers is the fact that it has low to no fees. Most online casinos usually do not charge fees either for deposits or for withdrawals. However, there are some exceptions.
For example, certain online casinos accept Visa credit card transactions without charging any fees but require an additional fee for debit card withdrawals due to security. On the other hand, some online casinos view credit card transactions as cash advances, so they add a fee of 2 – 3%.
Typically, even if you have to pay a fee at an online casino, it will not exceed 2 – 3%. Moreover, some casinos incur fees on smaller deposit amounts but remove them if you decide to deposit a larger amount. All of your standard fees charged by the bank which issued your Visa card still apply to all online casino transactions you make.
Visa Casino Bonuses
Casino bonuses and promotions are definitely one of the big advantages of playing in online casinos. Online casinos often offer lucrative welcome bonuses to new players, aiming to attract more customers. They also provide recurring promotions to their existing customers, which include free chips, free spins, cash-backs, deposit match bonuses, VIP loyalty programs, and so on.
Some of these bonuses and promotions can only be claimed if you make a deposit using a Visa card. On the other hand, there are also some promotions which you cannot claim if you use Visa. However, both of these instances are very rare (even though they do happen) because Visa is already the most popular payment method out there.
Alternative Payment Methods to Visa
Basically, Visa exists either as a debit card or as a credit card. So, if you’re looking for an alternative payment method to Visa, you can choose any other credit or debit card provider.
The two most popular credit and debit card companies which are often accepted by online casinos are MasterCard and Amex. These two have many similarities to Visa, but there are also some crucial differences which make Visa the preferred method. In the United States, you can also use American Express, which is a great option if you like travelling, as you can accumulate travel points by using it.
Alternatively, if you do not like sharing too much information, which is required in the process of acquiring and using a Visa card, you can use an eWallet instead. eWallets are a popular online casino payment method due to the fact that they offer more privacy.
As we have already mentioned several times before, Visa is by far one of the safest casino payment methods you can use. It offers numerous security features, which means that performing illegal activities is very difficult.
For example, to make a payment or a deposit online, you need to enter the unique CVV three-digit code. Also, the company has an elaborate fraud-protection system for its clients which analyses each transaction and immediately stops those that seem fraudulent. If that happens, you will immediately be notified, so you will be able to take the necessary steps to protect yourself.
Finally, if your card gets stolen or lost, you can deactivate it in a matter of minutes by contacting the bank which issued the card. That way, if someone steals your card, they will not be able to use it.
Visa Casino FAQ
Who can use Visa?
Almost anyone can use Visa. Visa debit card is available to everyone, including minors, if their parents apply for one in their name. On the other hand, Visa credit cards are issued only to employed individuals who have a good credit score.
Why should I use Visa?
The main reasons for using Visa include convenience, speed, low or non-existent fees, incredible security, a big choice of online casinos, and so on.
Is Visa safe?
Yes, Visa is completely safe. As a matter of fact, it is one of the safest payment methods that you can use today. It employs complex security protocols which make it highly unlikely that you will become a victim of fraud.
Can I use Visa in an online casino?
Yes, you can use Visa in an online casino both for deposits and withdrawals. Most online casinos in the world accept Visa.
How long does it take to deposit and withdraw from my casino account using Visa?
Depositing money into your casino account using Visa is almost instantaneous. However, withdrawing money to your Visa card might take 3 – 5 business days.
How much does Visa cost?
When it comes to online casino transactions, Visa costs very little to use. Most online casinos do not charge fees. However, those which do usually do not charge more than 2 – 3% on deposits. Your bank might also charge you a monthly upkeep fee and additional transaction fees.
Visa Card Casino – The King of Convenience
To sum up, Visa is one of the best payment methods which you can use for online casino deposits and withdrawals. It’s accepted by almost every online casino out there, so you won’t be limited when choosing where to play.
Moreover, Visa is one of the safest payment methods you can choose, which is why it is so popular among punters. The fees are minimal or non-existent most of the times, which is another big plus.
If you want to make depositing and withdrawing in online casinos a simple and fuss-free task, you should definitely consider using Visa.