Visa Casinos At A Glance
|Fees||1.9 – 2.9%|
|Payout Time||3-5 days|
Visa is one of the most popular financial services companies in the world as it’s available in over 200 countries. One of the reasons why we’ll be discussing Visa is because we’re aware of how difficult it can be to find a payment method that’s reliable and features a variety of advanced safety measures. Visa is also supported by all major retailers across the world and the company features one of the most advanced infrastructures, as it can handle 30,000 transactions per second.
In this guide, we’ll be discussing Visa as a banking method with online casinos that accept Visa debit and a variety of other factors.
Visa Casinos Canada
There are a few factors that you need to consider before you sign up with an online casino Visa card. These factors will determine your overall experience at the casino, and if any of them are overlooked, you’re likely going to have a bad experience.
Any online casino operating in Canada must be licensed by a legitimate licensing jurisdiction. The most common licensing authorities found at Canadian online casinos include the Kahnawake Gaming Commission, the Malta Gaming Authority, the UK Gambling Commission, and the Curacao Gaming Control Board.
These authorities are responsible for upholding particular standards regarding how the site operates and to regulate whether the site is treating players fairly and upholding what is stated within the terms and conditions. If an online casino isn’t licensed, it’s best to stay away from it as there’s nothing that will stop it from running off with the cash that you’ve deposited or not paying your winnings.
Auditing is done by third-party organizations to ensure that the games played are fair and that the players are gaming in a safe environment. These organizations such as iTech Labs and eCOGRA are hired by online casinos and once the casino passes the audit, it received a certificate of authenticity from the said auditing organization.
Always keep a look out for the certificate that states that the casino has completed the audit, as this is a great way to check whether the casino is fair.
The game selection provided by the online casino that you’ve chosen is an incredibly important factor as this is how you’ll be winning your money. An online casino should have a great selection of games that’s available in a variety of categories such as slots, and table games such as baccarat, blackjack, roulette, and poker.
A live casino is also an important feature that shouldn’t be overlooked as there’s usually a lot of cash up for grabs. It’s also a great change of pace if you’re looking for something that seems a lot less automated and generic.
Customer support is just as important as any of the aforementioned factors due to how important it is as it’s your only line of contact with the casino should you run into any issues. A good online casino will have a minimum of two lines of communication, an integrated live chat feature, and an email form that allows you to convey whatever issues you have.
Some online casinos also offer a toll-free telephone number and this works wonders if you’re experiencing serious issues that require urgent attention.
How to Make a Deposit at a Visa Casino
It’s important to know how to use your Visa card to make a deposit to your online casino account at a Visa online casino. Using all three cards are the same, as you’re using Visa to transfer funds into your casino account, and all you need to do is follow the steps listed below.
- Head to the cashier/banking section of the Visa casino you’ve chosen.
- Select Visa as your payment method.
- Enter your banking details and the amount that you wish to deposit.
- Await a notification that confirms that the payment was made.
Deposits are instant, and if it doesn’t reflect within your casino account within 30 minutes then you’ll have to contact your bank.
How to Make a Withdrawal with Visa
The withdrawal procedure is relatively the same as what the deposit is, you’ll just be selecting withdrawal instead of deposit. However, there might be a few issues with the bank depending on which casino you’re using and who you’re banking with, as some banks don’t like to be affiliated with online casinos.
Withdrawals will take up to 5 business days to complete and enter your account. There have been instances where banks have blocked withdrawals from casinos when they were done with Visa, so keep this in mind when requesting a withdrawal.
One of the major drawbacks is that Visa is not a cost-effective banking solution, especially when using it at Visa online casinos. Most banking methods will often allow you to make a deposit for free but Visa will likely charge you an advance cash fee, which can be a bit discouraging.
Withdrawals, if successful, can also be incredibly expensive, with a portion of your online casino winnings being taken as a fee.
What is Visa?
Visa is essentially a multinational financial services provider that facilitates EFT’s (electronic fund transfers) across the world via Visa credit, prepaid, and debit cards. Visa doesn’t issue cards, set rates, or provide credit, but rather it provides banks with branded payment products to customers.
Visa was founded in 1958 by the Bank of America as the BankAmericard credit card program, which was the first credit card system in the US. It started to license its products to banks and other financial institutions in response to its competitor Master Charge, which is now known as MasterCard. It was then renamed as Visa in 1976 after BankAmericard was relinquished by the Bank of America in 1970.
Visa is the second-largest card payment organization, only being beaten by China Union Pay, and this is based on how many transactions were completed and cards were issued.
Depending on the type of card that you’re using, there will be various security measures in place. Visa Credit cards are as safe as you allow them to be, as the only way someone will be able to use your card without you knowing it is if you’re negligent with your card information. The security that’s used to secure transactions is implemented by the bank that has issued the credit card and the technology used is carried over to the use of debit cards too.
Prepaid cards are just as safe as cash and arguably safer as you’re able to get a new card if it’s lost or stolen. If it was stolen, it will be useless to the thief due to the PIN that’s assigned to it. It’s also incredibly important not to release any of your banking or personal information to any suspicious websites or “call center agents”.
There are also three types of Visa cards that we’ll be discussing below.
As the name suggests Visa Credit is Visa’s branded credit card that is issued by financial institutions to customers that are deemed creditworthy based on their spending habits and credit history. Visa credit cards are viewed as the safest and most convenient credit cards that can be used at online casinos and a variety of land-based and online merchants.
There is a range of benefits that come with using Visa Credit cards such as its 0% introductory APR. special shopping benefits, and cashback rewards. There are three types of Visa credit cards, Traditional, Signature, and Infinite. Each one offers more benefits than the last, and every Visa card has the name of the owner embossed on the front and a 3-digit CVC validation code which is a vital part of the security that Visa offers.
Visa Debit cards are your standard bank card that’s linked to your primary bank account for everyday use. This can either be linked to a savings or checking account and is used to make purchases at online and land-based retailers with the appropriate point of sale. Visa Debit cards are also used to make withdrawals from ATMs and can be used to transfer cash from one account to another via a bank or online banking service.
Visa Debit cards are easily identifiable and look similar to credit cards as it has an embossed 16-digit card number and the name of the account holder on the front, and a CVC security number on the back. The card number on the front should not be confused for the bank account number.
Visa Debit cards are great for topping up your online casino account due to how easy and user-friendly the process is.
Visa Prepaid Cards are completely different from debit and credit cards due to the fact that they can be purchased from a variety of land-based and online retailers. However, it does have a few similarities with debit and credit cards, such as the 16-digit embossed card number on the front of the card.
Prepaid cards aren’t linked to any account and are designed to be used as a once-off card, just like cash. Each prepaid card is loaded with a particular amount of cash, and they can be purchased in a variety of denominations. This is a great way for online casino users to ensure that they stick to a budget. Some prepaid cards can also be reloaded for future use.
Gift cards are essentially prepaid cards equipped with a particular value and are meant to be spent at a particular retailer or shopping location.
How to Acquire a Visa Card
Due to there being various types of Visa cards, there are different ways of going about procuring each type of card.
Getting a Visa Credit card is the most challenging of the three cards due to the requirement of a good credit score. This is because you’ll need to prove to the bank that you’re financially capable of paying back the funds that you use. In some cases, you’ll even need to provide bank statements that go as far back as 6 months to provide evidence of your spending habits and that there’s nothing suspicious going on.
Getting a debit card is quite easy, all you’ll have to do is head to the bank and apply for a bank account. You’ll likely need to enquire whether the bank works with Visa or MasterCard/Maestro before committing to an online banking account. You’ll then to provide the relevant data to your bank and that’s all that you’ll need to do to acquire a Visa debit card.
A prepaid Visa card can be used for prepaid Visa online gambling at Visa casinos, and these can be acquired at your local convenience store, gas station, and supermarket.
Advantages of Using Visa
There are a handful of reasons why Visa is such a great payment method, and we’ve listed them below.
- Quick transactions to your online casino account.
- Visa Credit allows you to make large deposits with cash loaned from the bank.
- There’s no need to reenter your banking details with each new transaction.
Disadvantages of Using Visa
There are also a few disadvantages to using Visa, and they’re listed below.
- Visa casinos are prone to be hacked and this means that your information can be stolen.
- Withdrawals aren’t guaranteed, as your bank can block them from happening.
- Advanced fees can be charged for making a deposit.
Visa is a great payment facilitator that allows you to make secure payments in a variety of forms as you can user Visa Credit, Debit, and Prepaid to top up your online casino account. There is also a range of features that Visa has, and the fact that it’s been around for such a long time makes it one of the most reputable financial brands in the world. Visa can be used almost anywhere in the world and this is what makes it such an appealing online payment method. We would recommend anyone that’s looking for a reliable online payment method to use Visa.