Visa For Online Gambling
Canadians love to use their Visa cards for shopping, dining out and buying gifts. Now Canadian gambling enthusiasts love to use their Visa for gambling online too. It’s easy and quick to use your Visa as your payment method. We’ll tell you how.
Lots of online gambling sites accept Visa as a banking option. But just because an online gambling site accepts Visa, doesn't mean it's safe. So if you plan to bet real money at an online casino, keep reading to learn how Visa works on online gambling sites.
How To Pay With Your Visa
Online casino payments using Visa are fast and secure, making gambling online a whole lot easier. Hence, it's considered the best payment option for online gambling transactions.
As long as you have a credit card, debit card, or prepaid card with the Visa logo, you can use it to make a deposit. Simply click the Visa option on the payment page of the online gambling site, and make the payment.
Deposits And Withdrawals
Visa is a global company that’s been known for secure payments for more than 40 years. Most of the trusted and top online casinos accept Visa as a deposit method. Simply look for the Visa logo on any gambling site that accepts deposits via Visa and you’ll be ready to go.
And you'll be glad to know that almost all online casinos that accept Visa deposits also allow you to withdrawal your winnings.
Keep in mind, though, that some Visa cards are not eligible for cash payouts so it’s best to check with your bank to see if you can use your Visa for withdrawals. Most of the time, withdrawals are accepted if a prior deposit transaction was made using Visa.
There are also minimum and maximum amounts that you can deposit and withdraw depending on your bank and financial history (between $20 to $5,000 CAD).
Fees And Charges For Using Visa As Payment Method
Visa charges 2%-3% fees for deposits at online casinos. Most online casinos don't charge fees for withdrawing casino winnings to your Visa card.
Online gamblers love using Visa for withdrawing payouts because of the short withdrawal processing times (as fast as 2-3 days), which allows players to have quick access to their funds.
Advantages Of Using Visa For Online Gambling Transactions
Enjoy these benefits:
- Easy to use and hassle-free. No need to create another account to deposit or make withdrawals. Online casinos can easily identify you as a valid user if you link your account to a credit card, saving you time from filling out lengthy registration forms. Simply use your existing Visa card and you're good to go.
- Highly accepted. Most gambling sites accept Visa deposits and payments are more likely to be processed than declined.
- Funds are readily available. Unlike other payment methods that force you to wait for your funds to clear, the deposit you made using your Visa is immediately available in your casino account.
- It's safe and secure. Visa has its own security measures to ensure that all transactions are done safely. Visa can detect fraud real-time and doesn’t hold you liable for fraudulent transactions from your card (check with your issuing bank for limitations).
- Higher Credit Limit. Credit card deposit limits are typically high. Most online casinos will allow you to make an initial deposit of $ 1,000 CAD immediately. Your limit also increases over time as you continue to deposit large sums of money.
- 24/7 Customer Service. In case of problems with your transactions, you can contact Visa for assistance at any time of the day.
Disadvantages Of Using Visa For Online Gambling Transactions
Watch out for:
- If your Visa is connected to a US-based bank like Chase, you may encounter some problems when depositing. This is because US legislation forced some banks to stop processing credit card transactions connected to online gambling.
- Since Visa is very convenient to use, you might have a problem controlling your gambling. It’s so easy to deposit and withdraw money any time you want. It's similar to getting addicted to online shopping where you can get into a lot of debt.
Almost all legit online gambling sites accept Visa, making it stand out as the best banking method around. And since it’s fast and secure, using Visa is a great way to get started with online gambling.
When we talk about online gambling, Canada is lenient with its rules. Check out any of the top casinos where Visa is accepted and start betting in a matter of minutes!