VISA CARDS — Payment Method Info Page
Payment Method: Visa Cards (Visa Electron, Visa Debit, Visa Credit, Prepaid Visa, and Visa Gift Cards)
Payment Type: Credit / Debit Cards
Region/Country: Global (Worldwide)
Visa Card Pros:
Visa Card Cons:
RealGamblingSites.com Overview – Visa Cards:
The majority of payment cards in the world are Visa cards, and they are widely accepted by online casinos due to their popularity. Transactions are easy, fast, and convenient.
Visa-branded cards are dominant in the global market. According to the Nilson Report, the company was responsible for 55.52% of all card transactions worldwide as of 2015. The majority of transactions were made with their debit cards, including prepaid cards and gift cards, which accounted for 35.50% of the market share. Their credit cards were responsible for the remaining 20.02% of the market share. As of June 2018, they boasted $11 trillion in total transaction volume across 3.3 billion cards worldwide.
Given Visa’s status as the world’s largest global payment card company, the popularity and volume of their transactions help to make them a widely offered payment option at online casinos. Below, you will find an overview of the types of cards that may be available.
Visa Card Types
1) Visa Credit Cards
Visa credit cards are attached to a revolving line of credit and are typically issued by third-party banks and brands. You can make charges against the line of credit you have been approved for and pay off the balance at your convenience.
Visa Credit Card Fees
If you do not pay off your credit card balance by the end of every billing cycle, minimum monthly payments may be due and the balance on your card could be subject to finance charges. The interest rate depends on the terms of your specific card and your account history.
Some credit cards may charge an annual fee, while others do not, and late payment fees may be charged if you are delinquent with your payments. If you are more than 30 days late with your monthly payment, your credit history could be negatively impacted, depending on which country you live in and what the standards are for that location.
2) Visa Debit Cards
Banks worldwide issue cards bearing the Visa debit or Visa Electron logo, depending on the country in which the card was issued. Debit cards are linked directly to your bank account instead of a line of credit. The funds are removed from your account immediately when a purchase is made.
Visa Debit Card Fees
There are typically no fees associated with Visa debit card transactions. However, if a purchase drops your bank account balance into the red, some banks will charge overdraft protection fees. Bank accounts associated with debit cards may charge minimum balance fees, monthly service fees, and/or ATM fees.
Visa Zero Liability Policy
Unlike other brands of debit cards, the company boasts a Zero Liability Policy that guarantees cardholders will not be responsible for any fraudulent charges that may result from a card being lost or stolen. Even with this 100% protection policy in place, it may take some time before the bank reimburses the funds removed from your account due to fraudulent charges.
3) Visa Prepaid Cards
Prepaid Visa cards are reloadable debit cards that are not attached to a bank account or a revolving line of credit. The company issues these cards through select vendors and brands online, and they can be used at brick-and-mortar businesses or for online purchases.
Prepaid Visa Card Fees
Unlike credit cards, there are no credit checks, no late fees, and no interest charges associated with prepaid Visa cards. Unlike debit cards, there are no bank account fees, including no overdraft fees.
There may be reload fees, monthly service charges, activation fees, transaction fees, and direct deposit fees, depending on the card and the terms and conditions. There is a wide variety of different prepaid cards available on the market, all with different offers and terms, so you can shop around to find the best option for you. Some even offer rewards programs similar to credit cards, for example.
4) Visa Gift Cards
Visa gift cards are stand-alone cards that are not associated with a revolving line of credit or a bank account. However, unlike prepaid cards, gift cards are single-use cards that are purchased for a specific amount of money and cannot be reloaded.
Visa Gift Card Fees
There are typically no fees associated with gift card transactions, with the exception of a one-time processing fee at the point of purchase. The amount charged for the processing fee depends on the value of the gift card. Some cards also charge an inactivity fee if the card has not been used within a specified timeframe.
Using Visa Cards for Online Gambling Deposits
Using any type of Visa-branded card at an online betting site is as easy as making a purchase. Before you make a deposit, check if your casino will charge any fees for the transaction. This information can usually be found in the banking or frequently asked questions (FAQ) sections of the website, or you can ask an agent in the casino’s customer service department.
How To Make a Visa Card Deposit at an Online Casino:
Funds from deposits are typically available immediately. It may also be possible to use a card to make withdrawals from your account, depending on the casino and the type of card used. Check to see if your casino offers Visa withdrawal options, and if so, what the estimated processing times may be.
Visa Card Acceptance at Online Gambling Sites
Visa-brand credit cards and/or debit cards, including prepaid cards and gift cards, are widely accepted at online gambling sites worldwide. Some cards may not work at all casinos, however, depending on the terms and the laws in the country the card was issued.
Visa Card Acceptance for U.S. Players
If you are using a Visa card in the United States at an online casino, you may have mixed results; some cards may be accepted, while other cards won’t work. Different banks treat approvals for online gambling charges differently, and it has taken time for them to adapt to recent changes in state gambling laws. Some casinos in regulated markets, like New Jersey, publish lists of banks that issue credit and debit cards that have worked successfully.
Visa offers a variety of different card types that are convenient and easy to use. Regardless of the type of card you are using, deposits work just like an online purchase. You can input your card details and process the transaction directly through the cashier at the online casino, without involving any third-party payment service providers or logging in to other payment gateways or accounts.
Visa credit cards, debit cards, prepaid cards, and gift cards are widely available throughout the world, with cardholders in over 200 countries and with over 160 different currencies.
Over 15,900 financial institutions issue Visa-branded cards globally, including credit cards on the open market and debit cards to bank account holders. Prepaid cards and gift cards are available for purchase online or at select banks, kiosks, and retail stores throughout the world, including grocery stores, drug stores, convenience stores, and big-box stores.
If you are located in the United States, you can easily find locations for purchasing or reloading prepaid Visa cards on the company’s website. Similar resources are available in other countries as well.
Fees associated can vary depending on the type of card and the issuing bank. A schedule of potential fees should be available from your bank or financial institution.
Many casinos do not charge fees for transactions made with Visa cards. However, you can check on the banking or FAQ pages to see if they charge any fees for deposits and/or withdrawals.
Safety / Security
Visa cards are protected by advanced anti-fraud technology, including computer analytics and integrated smart chips. Visa’s Advanced Authorization program uses complex analytics to screen all transactions for suspicious activity. With programs like this in place, the overall fraud rate across their network has declined by over 66% in the past twenty years.
After they rolled out cards equipped with smart chips in the American market in 2015, counterfeit fraud dollars processed through the Visa network dropped 75 percent by March 2018. As of June 2018, 97% of their overall U.S. payment volume was processed via EMV chip cards. Biometric chips are also being introduced into select markets, which enable features like using fingerprint identification instead of PIN codes.
Despite rigorous payment card security measures, some cardholders are concerned about fraudulent charges being made to a debit card that is linked directly to funds in a bank account.
Visa card transactions are one of the quickest ways to make an online gambling deposit. Deposits are usually available immediately.
For withdrawals, transactions take longer and processing times vary depending on the casino and card type. Check the banking or FAQ sections of the site to see if your casino accepts Visa cards for withdrawals and what the estimated processing time for withdrawal may be.
The company provides a list of toll-free numbers for cardholders worldwide, in your home country or if you’re traveling. They also provide live chat and email support options.
Your issuing bank will also provide 24/7, toll-free numbers for lost/stolen cards, fraudulent charges, and other card-related customer service issues. Those phone numbers can be found on the back of your card. It may also be possible for you to go to a branch office to receive in-person customer service help.
Online betting sites may require you to confirm your identity and your card details to help prevent fraud and limit liability. You may be asked to provide a copy of your ID, a copy of your card, and/or provide address verification. Verification requirements vary and depend on the casino, as well as your country and local gambling laws.
Information about verification policies are usually provided in the banking or FAQ sections of the site, or the casino may contact you via email or text to request additional verifications. Be sure to provide any information the casino requests in a timely manner, so you don’t experience any delays with payments or playing.
Online Casino Bonuses / Casino-Friendly
Visa cards are generally casino-friendly and are widely accepted. Check in the banking or FAQ sections to confirm which cards are accepted for deposits and/or withdrawals.
Some may offer special bonuses for deposits made with Visa cards, or for using prepaid casino accounts that can be funded with your card. Bonuses may be listed in the banking section or on the bonuses/promotions page of the site. Be sure to check the terms and conditions for details about meeting any necessary requirements to receive the bonus.