Planning your account funding strategy is one of the most important part of your overall approach to getting the most out of online casinos. Ideally, you’ll have a small and carefully considered selection of options you can use to take advantage of special deals and offers while guaranteeing speedy payment and a hassle free wagering experience. Credit cards are an essential part of the overall mix and there’s no ignoring the biggest provider in the business – Visa.
Visa is a particularly handy option for use with funding your online casino account and in this article we’ll break down everything you need to know to make the most of it. Let’s start with some background on the company.
Table of content
- Some Brief Background On Visa
- Online Casinos that Accept Visa Deposits
- The Legal Situation Regarding Online Casinos That Accept Visa Cards
- Advantages Of Using Visa Cards To Fund Your Online Casino Account
- Visa Brands You Can Use At Online Casinos
- Getting A Visa Card
- Visa rating as a funding method at online casinos
- Alternatives To Using Visa Cards At Online Casinos
- Visa FAQs
Some Brief Background On Visa
With roots dating back to 1958 as an experimental credit card program of Bank of America, Visa’s modern incarnation began in 1976 when a number of existing credit card offerings such as Barclaycard, Carte Bleue, and Chargex were united under the new brand.
Visa has gone on to be one of the largest financial services on earth and currently processes well over 62 billion transactions per year with volumes of over $5 trillion. One little known fact about the company is that Visa does not actually issue cards itself, acting rather as a provider for other institutions to offer branded services. It’s a strategy that’s proven to be massively successful – as an example of the company’s reach, Visa now holds over 35% of the credit card marketplace and over 60% of the debit card marketplace in America alone.
Visa Updates May 2021
- Australia moves forward to block the use of credit cards (including Visa credit cards) in online gambling. However, players can still gamble online with their Visa debit cards.
- Visa made a big equity investment in Remitly, aiming to give the money transfer company a broader range in offering their services to new and developing markets.
- Since the beginning of 2021, Visa has placed a new policy to classify all U.S. based deposits made to any general-purpose reloadable cards or Digital wallets, as gambling payments.
- Visa is now joining forces with Tala, Customers will now be able to have Visa cards associated with their digital wallets and use their USD Coin (USDC) balance as FIAT currency.
- Visa joined forces with Fold to develop a new card that will allow users to earn Bitcoin rewards, buyers will receive rewards between 1% and 2% of their purchases in Bitcoin.
- Crypto.com’s Visa card is now shipping to Canada, making it the newest member of the firm's card holder territories, joining Singapore, Europe and the U.S.
- In the United States, many Visa related gambling transactions were instantly rejected, because of this, the company has recreated its “Merchant Verification Process” so banks can no longer automatically deny these transactions in states where gambling is legal.
- Visa is working on a new device-to-device transaction technology using Central Bank Digital Currencies (CBDC), aiming to create a digital payment system that doesn't require an internet connection.
Online Casinos that Accept Visa Deposits
In contrast to other payment methods such as PayPal and – to a certain degree – Mastercard, Visa cards (both credit and debit cards) are accepted at the vast majority of online casinos.
You can expect to be able to use Visa cards at casinos such as Spin Palace Casino, William Hill Casino, All Slots Casino and many others. Setting up Visa as a payment option should be as simple as selecting it from your account and you can use your cards to withdraw funds as well as lodging money.
As with any method of lodging money, you should keep an eye out for deposit and no deposit bonus offers which casinos make available. Though you’ll need to be aware of play through requirements when working out how best to take advantage of these offers, they are an excellent way of getting a little more bang for your buck when using credit cards to fund your casino accounts.
After you’ve established that a casino accepts Visa, you’ll naturally want to do some due diligence on their offer as a whole in order to make sure it’s a worthwhile option to go with. Begin by checking their reputation online on casino forum sites to make sure they’re not known for tardy payments or shady practices. You should also check their terms and conditions relating to payment very carefully and make sure that a full range of account support options (email, live chat and telephone) are available.
The Legal Situation Regarding Online Casinos That Accept Visa Cards
The use of Visa cards to fund online casino accounts is hassle free in the vast majority of global markets with one glaring exception – the United States. The passage of the Unlawful Internet Gambling Enforcement Act in 2006 explicitly barred financial institutions in America from transacting business relating to internet gambling.
The implications of this remains somewhat opaque as individual states – New Jersey and Nevada being the notable examples – are free to set their own rules. As a general rule, you will struggle to use Visa to fund online gambling in America and you may well fall foul of the law if attempting to do so.
At Metap we are strong advocates of responsible gambling so we urge you to fully research the legality of online gambling in your jurisdiction and make sure you’re operating within relevant local laws.
Advantages Of Using Visa Cards To Fund Your Online Casino Account
Convenience: Using a Visa card is one of the most frictionless methods of funding your casino account and brings a host of associated benefits with it. There’ll be virtually zero additional paperwork involved, associated costs are transparent and predictable, and you also get the benefit of being able to use your card for a range of other transactions both offline and online.
Visa is widely used and has the trust of countless people and businesses around the world. There is no exception when it comes to the gambling industry, just in the U.K. Visa represents 86% of total card usage for gambling banking purposes.
Access to credit: We don’t recommend using borrowed funds to gamble but the ability to access credit generally via a card such as Visa is a very handy thing to have generally. Regular use of your card can also have a positive impact on your credit rating assuming you are using it responsibly.
Security: As one of the largest financial services provider on the planet, Visa hold themselves to incredibly high security standards and use best-in-breed technological solutions. Their cards come with clearly outlined security measures and procedures you can follow if your card is compromised or stolen. You can also benefit from the consumer protection programs that Visa cards typically come with.
Visa Brands You Can Use At Online Casinos
The Visa brand encompasses a number of different options that users can take advantage of. Here is a brief breakdown of the main offerings you’ll see out there in the wild and that can usually be used to fund casino accounts:
Visa Gift Cards: Visa Gift Cards are pre-purchased cards that are pre-loaded with a specific amount of money. These can be purchased at the banks in advance and are helpful in preventing you from overspending your budget.
Visa Prepaid Cards: -Just like the Visa Gift Cards, Visa Prepaid Cards allow you to load money onto a card in advance and can be used in virtually any establishment. These types of cards are commonly used by many online casino enthusiasts because they allow you to put a firm limit on the amount of money available to gamble and manage your finances more effectively.
Visa Debit Cards: Visa debit cards also allow you to make instant transactions from your bank account. In addition, they also provide increased security through PIN protection and you’ll find them accepted at many, if not most, online casinos.
Visa Credit Cards: Assuming you’re staying within your monthly credit limit, Visa credit cards enable you to make hassle-free payments pretty much anywhere online. Speed, security and convenience come as standard and these are an excellent option to have in your overall portfolio of payment options.
Getting A Visa Card
Getting your hands on a Visa card is a fairly painless and simple process. Start by either contacting your existing bank, or consult Visa’s list of card providers for your country. You’ll typically have a range of different options across both credit and debit cards to choose from and the application process should be relatively straightforward in most cases.
You should expect your application to be processed within a couple of days. If you are experiencing difficulty getting a full credit card due to a poor credit record, start with a pre-paid debit card to get things moving.
Visa rating as a funding method at online casinos
When thinking about which payment options are better to fund your online casino activities, there are a lot of things to consider. We have already gone through Visa’s characteristics and policies, however, there are so many options out there that we want to give you all the information possible for you to make the ultimate decision. In this section we will cover a list of ratings assigned by our experts, going through the most important aspects to review when choosing Visa as a payment option at online casinos.
Our overall rating is calculated by a pondered average of all the current ratings, we consider every aspect of the services provided and attention given to customers, this way we can bring the most accurate value, empowering your decision on whether or not this payment method is the best choice to go with.
In order to achieve a correct measurement in terms of speed, we take into consideration both withdrawal and transaction speed, this means how fast players can get funds added and ready to be used in their favorite casinos as well as how much time it takes for someone to take out any quantity of funds available in a particular casino account.
Attention and service are key aspects to look up to when choosing the correct payment method, providers that have a very clear and fast inquiry system, including a variety of options to get in touch with its customers will receive a better rating value. Channels such as permanently active chats, a fast response on inquiry forms, an accessible email address or a very well-developed FAQ section are some of the factors considered into this rating.
Any payment provider has different costs and fees associated with its service, depending on the transaction any customer aims to perform, a different fee will be applied to complete it. Deposit and withdrawal fees are some of the most common costs any user will encounter, offering better rates in these, and other transactions, is a key factor for this rating.
This element takes into account how easy it is for anyone around the globe to have access to this service, considering factors such as the availability of the service worldwide, the requirements any user must fulfill in order to use the service, and the range of products and services in which it can be used as a payment method.
This factor reviews not only the ease-of-use payment providers have at any online casino, but also how common it is to use any particular service for this purpose, how many casinos accept it, and how many players rely on it, other key aspects such as why is it considered a safer or better option come into play to determine this important rating.
Alternatives To Using Visa Cards At Online Casinos
Visa cards are far from the only option available to you when it comes to funding your online casino account. We recommend that you make use of a couple of methods in tandem to avoid over-reliance on one solution. Here are some of the more common options that you can use in addition to Visa or wire transfer.
- Other credit cards: Though Visa is the most widely accepted option online, you’ll also be able to use options such as Mastercard and – to a lesser extent – Amex at a variety of online casinos. As with Visa, you benefit from world-class security, convenience, and attractive reward programs with these cards.
- PayPal and other online wallets: Pretty much every online casino provider will accept <ahref="https://www.metap.org/11-mediterranean-poker/64-online-casinos-that-accept-paypal">PayPal lodging and withdrawal and there is a lot to recommend when it comes to using this option. You’ll benefit from near instantaneous funds transfers, flexibility and high standards of security. Alternative services such as Skrill are also popular with casino players.
- Bitcoin: Though it’s still a somewhat left-field choice for many, Bitcoin is steadily increasing in popularity and more and more casinos are including it in their list of payment options. There is a degree of currency fluctuation risk you will have to learn to live with but it’s certainly an interesting option to start exploring.
Visa is the world’s leading credit and debit card provider for good reason. It’s hard to beat its combination of convenience and security and it’s an incredibly convenient and widely accepted option for using with your online casino account. We encourage you to check out our range of top-notch online casinos which accept Visa cards and wish you good luck when playing!
In most cases, you can withdraw funds using your Visa credit card or debit card. This is assuming you deposited using this method too. However, a small number of sites do not process Visa card withdrawals which means those who deposited using Visa would have to find an alternative withdrawal option. Also, Visa prepaid cards cannot be used to withdraw funds.
Any certification such as the eCOGRA Safe & Fair seal, the TST logo, or a certificate from iTech Labs is proof that the games are fair. You should also refer to our expert casino reviews. We only recommend operators that adhere to the highest industry standards.
Yes. Not everyone can use a Visa credit card to conduct online casino transactions. In 2020, the United Kingdom banned the use of credit cards at online casinos. In the United States, some banks block credit card, debit card, and bank transfer transactions with online casinos even if gambling is legal. This also happens in some countries where online gambling is illegal.
The good news is that there are ways around this roadblock. EWallets such as Skrill, PayPal, and Neteller are widely accepted at online casinos. You can fund your eWallet using your Visa card and then use the funds in the eWallet to deposit and withdraw at online casinos. A similar strategy can be used to purchase cryptocurrency for use at crypto-friendly online casinos.
Visa cards and the entire Visa payment system are very safe and highly secure. Deposits using Visa at online casinos are also instant and usually qualify for bonuses. However, you could say those things about almost all other payment methods. The biggest advantage that Visa users enjoy is that Visa is accepted at almost all online casinos.
Perhaps the most noticeable downside to using Visa at online casinos is the withdrawal times. While waiting 2-5 days to receive your withdrawals isn’t too bad, it’s still significantly longer than withdrawal times for eWallets.
The best Visa online casino is the one that best caters to your personal preferences. If you like to play specific games, then the best site for you will have those games. If you like betting large, then your ideal online casino will offer high wagering limits. Those who insist on getting the biggest bonuses should find an online casino that has one. Referring to our unbiased expert reviews will help you find the perfect online casino for you.