Best Visa Casinos Online
About VISA
Credit cards offer a revolving line of credit to the cardholders. You don’t need to have cash with you to make a payment if you’re using a Visa credit card. Similarly, you can use this convenient payment method to fund your online casino account. While this is an excellent option for making payments, you must be diligent and use your credit card in a responsible manner.
Today, many banks that issue credit cards also help you manage your credit card usage in an efficient manner. For instance, you can request your bank to place a certain limit on your Visa credit card to avoid problem gambling. This can also go a long way in helping you maintain a healthy credit history.
Founded by Bank of America in the late 1950s, Visa is an American multinational financial services company. It is headquartered in San Francisco, California. Visa facilitates electronic fund transfers across the world through its branded prepaid cards, debit cards, and credit cards. Initially, Bank of America operated it in the form of the BankAmericard program.
Bank of America started licensing this program to other financial companies in the mid-1960s. Towards the end of 1960s, Dee Hock convinced the bank to give up direct control of this program. He was the chief executive of the credit system that later became VISA International. In 1976, it was renamed as Visa. Alfred F. Kelly Jr. is currently the chairman and CEO of the corporation.
Pros and Cons of using Visa in online casinos
Credit cards are the most common option used across the world by players to deposit money in online casinos. Visa credit cards are accepted by almost all the online casinos today. It was also one of the only payment methods available for players when the online casinos started during the 1990s. Of course, using it in online casinos comes with some pros and cons:
Pros
- You can deposit cash in any of the available currencies of the world
- Visa is widely accepted as a payment method in almost all the online casinos
- The casinos take care of the processing fees that result from the credit card usage
- Visa credit cards are eligible for some attractive bonuses
- You might also get to earn a significant number of reward points
Cons
- Many casinos are slower in processing withdrawals of players using Visa credit cards
- Some countries have laws against banks that process gambling transactions made using credit cards
- You’re usually required to enter your credit card details on the casino website
- There are casinos that don’t include Visa cards as one of their payment methods
How Visa compares to other payment methods?
Generally, most of the online casinos accept Visa credit cards owing to their popularity with the players. This particular payment method is easily accessible and anyone can use a Visa credit card almost anywhere in the world. Some of the Visa credit cards offer great cashbacks, which can rarely be matched by other payment methods.
However, the number of banks not accepting online gambling payments is gradually on the rise. Today, the players can also opt for e-wallets that allows faster withdrawals that usually take less than 24 hours. This is way too faster than the credit and debit card transactions of Visa that take about 3 to 5 days to process.
Visa Fees
There are many credit cards of Visa with no annual fees. The best examples of such cards are the ‘Visa Signature’ and ‘Unlimited’ cards. Other cards of Visa charge an annual fee in the range of $35 to $95. Some of their premium cards might have annual fees that exceed $100.
For every credit card transaction, Visa charges interchange reimbursement fees for transfers made between the issuing banks and acquiring banks. Visa balances and grows its system of payments using the fees for the benefit of all participants involved in the transactions.
Merchants don’t have to pay the interchange reimbursement fees. They just pay a ‘merchant discount’ to their financial institution. This is typically charged as a percentage on every transaction.
How to use Visa credit cards for deposits
Before you make your deposit using a Visa credit card, you must know whether the payment method is accepted by the online casino you’ve chosen. If not, then you must look for another safe and reliable online casino that allows the use of Visa credit cards as one of its payment methods. You’ll also come across certain casinos that regularly come up with special offers for the Visa credit card holders.
Once you’re ready to use your Visa card to deposit funds into your account, select this option on the casino website. You’ll then be prompted to enter your name, credit card number, CVV, and the date of expiry of your credit card. When this is done, you’ll need to select the amount of funds you intend to deposit into your casino account.
To know the minimum deposit you’re required to make, go through the casino’s terms and conditions. You must enter the correct amount as the transaction happens immediately. For greater convenience in making future deposits, you can store your card information on the casino website if it gives you the option to do so.
How to use Visa credit cards for withdrawals
While most of the online casinos allow deposits using Visa credit cards, there are only a few trusted ones that accept withdrawals using this method. If you play on the top-rated casino websites, you’ll have the option to withdraw your winnings using your Visa card. However, it’s important to be aware of the withdrawal limits set by the casino.
While cashing out the winnings from your casino account, you won’t need to pay any fee. The number of days for the withdrawal to be approved would depend on the terms and conditions of your casino. Generally, it takes about 3 to 5 days. Before your casino can process your withdrawal, you might be required to submit valid documents for establishing your identity.
These documents include an ID proof and your banking information. Once you’ve submitted all the required documents, you’ll be able to request your withdrawal. Choose the method of your payment and enter the withdrawal amount. It will take a few days to process the funds depending upon the rules of the casino.
How secure is Visa?
It is quite natural to be concerned about the safety of your deposit in the online casino you’ve made using your Visa credit card. However, it is also important to know that your personal and banking details would be secure if you’ve chosen a reliable and safe casino. Maximum levels of security for customers is a top priority for them to prevent frauds and online theft.
Thousands of players use Visa credit cards every day to play their favorite casino games. This is mainly because they are among the most secure and trustworthy payment methods in online casinos. The casinos not accepting it as one of their payment methods are quite rare today. In fact, Visa has become so popular over the years with the players of online casinos that it has even outpaced its competitors.