Visa: A Popular Option for Casino Banking
Having a strategy in place to fund a casino account is an important step for all players who wish to play real
money games at the online casino. It makes a lot of sense to consider all the most practical options available to
deposit and withdraw funds quickly and securely.
There are many products on the market to help players achieve this and all reputable casinos offer multiple solutions. The best casinos will provide banking facilities which include credit and debit cards, bank transfers, and e-wallets with some online gaming establishments supplying PayPal and bitcoin options.
It should come as no surprise that VISA remains one of the most popular ways of transacting with an online casino. It is a tried and tested banking method which gives players a means of depositing and withdrawing casino funds with minimal inconvenience.
Using VISA at an Online Casino
Almost all online casinos in the UK and Europe will accept VISA as a means of funding a casino account. Some will
even allow withdrawals made back to the depositing card. This doesn’t necessarily mean that all deposits using
VISA will be accepted. That decision very much depends on the bank that has issued the card.
It is unfortunate that some banks and financial institutions will decline transactions which involve online gambling. Because it is the issuing banks and not VISA that decides on what transactions to accept and decline, it is more than possible that using another VISA card belonging to the depositor will succeed. Bank fees for successful transactions are charged to the casino.
It is common practice for the online casino to bare the costs involved with these transactions. However, this will often depend on the type of card being used, whilst users of VISA debit cards should not expect a fee, this is not always the case with VISA credit cards.
The types of cards accepted by VISA online casinos include-
- VISA Gift Cards: Preloaded with Credit.
- VISA Prepaid Credit Cards: Can be preloaded with casino credit.
- VISA Debit Cards: Electron, Classic, Gold, Platinum cards etc linked to a bank account.
- VISA Credit Cards: Can be used to provide monthly credit limits.
VISA offers an extremely convenient way of depositing and even withdrawing cash. To make a deposit at a secure online VISA casino, players need only click on the cashier tab and select the VISA Credit / VISA Debit option, submitting the necessary details as done when making any card purchase online.
The Benefits of using VISA
Using VISA at the online casino provides many benefits, here are a few of the main advantages-
Players depositing cash at an online casino expect high standards of security and payment systems don’t come any securer than VISA. Reputable online casinos publish their security protocols which are always verifiable and fundamental to licencing obligations.
Transfers using VISA are instant, so players need not wait around for a transaction to clear. On completion of a funds transfer, casino credit accounts are updated immediately so going from cashier to a real money casino game is a swift and seamless process.
Not only do most people carry VISA, almost all casino’s in the UK and Europe accept it as a means of payment. Increasing, VISA can also be used to withdraw funds back onto the card which can’t be said of many other payment methods.
Cashback and Casino Bonuses
Many VISA cards provide users with rewards and cashback benefits on purchases allowing players to earn even when they don’t win at the casino. Casinos often prefer to receive VISA payments and may offer deposit bonuses to incentivise players to use this method.
VISA vs Mastercard
VISA and Mastercard are very similar payment systems. Because there is not much difference between the two, it is
often the case that any casino which offers Mastercard will also offer VISA. Specific card rewards may differ
slightly, but both can transfer funds quickly and securely.
The major difference between these two competing cards for use at the online casino comes down to convenience. VISA cards can also be used for credit withdrawals as well as deposits. This is not often the case when using Mastercard. This means that although funds can be quickly deposited using a Mastercard, players generally have to use another method to withdraw cash from the casino. Players should not expect VISA withdrawals to be instant.
There are still checks and balances that the casino needs to adhere to before they can be released. On average, casino withdrawals can take anywhere between 3 to 5 days in Europe, often longer with Asian and American online casinos.
Online Casinos that Accept VISA
As previously mentioned, almost all respectable European online casinos offer VISA debit and credit cards to
deposit and sometimes withdraw cash from the casino. Some financial institutions issuing VISA cards may restrict
their use for the purposes of gambling.
Consequently, VISA cards can be declined from time to time, but this has nothing to do VISA or the online casino's willingness to accept these transactions. Things are not quite the same in the US. The 2006 ‘Unlawful Internet Gambling Enforcement Act’ is American legislation which prohibits financial institutions from facilitating transactions which involve gambling on the Internet.
Consequently, VISA cannot be used to credit American based online casino accounts. Asia is another place where the acceptance of VISA can be a bit hit and miss but this is mostly dependant on where the casino is based. Many Asian casinos will accept visa, though these transactions are subject to a higher decline rate when used by players based in Europe and America.
Using VISA is a great way to manage casino deposits and withdrawals offering a player many benefits. This method
of payment is very easy to use requiring no explanation, no additional accounts to be opened,
and instantaneous payments. It offers a no-nonsense approach to managing the financial aspect of playing at the
casino which is appealing to players.
VISA is also very safe and secure. Respectable online casinos will always use high levels of encryption to safeguard transactions in addition to the card security provided by VISA as standard. Of course, it is unlikely to be the perfect solution for all players, but it is ultimately one of the few casino banking methods which almost everyone has access to.