Posted June 24, 2024 by Koen Verkerk in Payments | Article published on 2024-06-24 | Last Modifed date 2024-06-24

Visa as a payment option for online gambling

Visa provides financial institutions with branded payment products, including credit, prepaid, cash access programs, and prepaid cards, similar to MasterCard’s offerings. Accepted at millions of outlets and point-of-sale locations worldwide, Visa enables transactions both online and offline. Additionally, Visa cards can be used to withdraw cash from Visa-branded ATMs.

Visa is also a commonly used in Canada for online casino transactions. Most Canadian online casinos will support deposits using Visa . For withdrawals this percentage is a bit lower, but there are always good alternatives such as bank transfer.

Website: www.visa.com
Type of Payment: Credit Card

Making a deposit using Visa

Register with the casino, providing accurate information in the registration form to facilitate future verification procedures if necessary. Once the casino setup is complete, proceed to the cashier’s section to select your preferred deposit method and enter the deposit amount. Depending on the casino, choose between debit, credit, gift, or prepaid cards. Fill in the required form details for your Visa card, including card number, expiry date, CVV number, and cardholder’s name. After completing the form, enter the deposit amount and await confirmation, typically within a minute.

Be aware that some online casinos may impose charges for card usage, typically ranging from 2-3%. While deposits with Visa are usually instant, funds may be deducted from your account within 3-5 working days.

Withdrawing funds using VISA

Visa can facilitate withdrawals of your winnings. To initiate a withdrawal, input the same details used during deposit, including the cardholder’s name, card number, CVV, and expiry date.

Certain casinos may restrict Visa withdrawals if it wasn’t used for the initial deposit. Withdrawal fees vary depending on the casino’s policy. Additionally, minimum and maximum withdrawal limits are determined by the casino or the institution that issued your Visa card.

Why VISA is an excellent payment method for online gaming

Making a deposit is instant.
The fact that it is accepted in a myriad of outlets and casinos around the globe makes it easy to use.
The procedure in making the deposit is easy and short.

Canadian online casinos that support VISA as a payment method

In general we can state that most Canadian online casinos support deposits using VISA. Especially international orientated online casinos normally allow deposits using VISA credit card.

One thing you do need to mind is that local regulations sometimes doesn’t allow deposits using a credit card. If this is the case, then depositing using VISA will not be available.

In general you can use your VISA credit card to deposit from as low as $10 or $20 per transaction. But it is all up to the casino to decide on these limits.

Most low deposit casinos will allow deposit from as low as $10. So even go as low as $1 deposit and $5 deposits.

After playing at the online casino you can sometimes also use VISA to cash out, but not always. Sometimes casinos don’t support VISA withdrawals. In this case you will need to use an alternative like wire transfer.

If you want to know if an online casino support VISA then you will need to visit their FAQ or banking section. Over here you will be able to find the information you need.

How to obtain a VISA card

If you also want to use VISA for online payments then you can apply for a VISA card through your bank. Not all banks support VISA but most do in general. If they don’t offer VISA credit cards then you might want to consider to go for a different type of credit card such as a Mastercard.

Getting a VISA credit card can be a small hassle in some cases since the bank will normally do some checks. Because of this it can take up to a few weeks before you receive your physical card.

When your new VISA card has arrived you will need to activate it before you can use it to deposit and withdrawal funds at an online casino. In the delivery letter of the credit card you can see how you can activate your card instantly.