Visa Casinos: Visa Credit Cards vs Debit Card
Visa debit cards offer more benefits than Visa credit cards for casino deposits online. The only downside to using debit cards over credit cards is that the former is connected to your bank account (and therefore all the money you own) and has fewer fraud protection measures. However, moving away from this, Visa credit cards have several issues.
Firstly, what few gamblers realize is that credit cards often charge a cash advance fee for all gambling transactions. This fee is typically reserved for times when you withdraw cash from your credit card, but it’s also levied against gambling transactions, and in addition to a fixed fee, some lenders will charge interest on the amount used. What’s more, many online casinos will allow you to deposit using (except on UK online casinos where using credit cards for online gambling is banned) a Visa credit card, but they won’t let you withdraw. This is an issue that most consumers don’t face until they try to withdraw money from casino using Visa payment method.
In case it may take several days before they realize the money isn’t in their account and something is amiss. Lenders and gambling organizations are concerned about the prevalence of credit cards in online gambling and, as a result, are imposing more fines and penalties, making this an even more expensive process. In some cases, the practice can lead to your card being canceled, especially in the United Kingdom.
Visa Casinos: Withdrawals
There are over 700 million Visa credit cards and many more debit cards in existence, making this the most popular financial network and giving it a reach that would even make PayPal blush. It’s dominance and extensive reach that makes Visa such a popular choice with countless gamblers all over the world. Visa debit and credit cards give online casino players a safe, secure, and fast way to make deposits and withdrawals. It can also facilitate withdrawals for Visa casino users worldwide.
Visa Casino Limits and Fees
Next to bank transfers, Visa has the highest limits in the online casino sector. While many withdrawals are limited to 4-figure single withdrawals (and even smaller if they are not verified) Visa cards, have no limits. That’s why high-roller casinos rely on Visa cards and other card networks to facilitate all transactions. As for fees, these don’t exist for nearly all Visa debit card transactions. However, it’s a different story with credit cards. Not only will some online casinos charge you as much as 2.9% to withdraw using a Visa credit card, but your lender may also hit you with cash advance fees and additional interest charges.
Benefits of Using Visa at Online Casinos
What sort of benefits can Visa credit and debit cards provide when used for online casino gambling purposes?
- Accessibility: You can’t beat Visa when it comes to accessibility. Visa cards can be found in the wallets and purses of hundreds of millions of individuals all over the world, and they are accepted in pretty much all online casinos. If you have a Visa card then you can gamble anywhere.
- Secure: You will struggle to find a safer option for gambling online. Thanks to the Visa Secure program and the general security provided by credit/debit cards, all transactions are safe. No Fees (Debit): You should never be charged for a transaction made using a Visa debit card, and this applies to both deposits and withdrawals.
- Anti-Fraud (Credit): Visa credit cards offer some of the best fraud protection. If anything happens to your card or your details and your money ends up in the wrong hands, Visa will cover all fraudulent losses, often without questioning them.
- Simplicity: Credit cards and debit cards don’t have the fastest withdrawals, and Visa cards are no different. However, the deposits are instant, and when you use a Visa debit card, you’re depositing directly from, and withdrawing directly to, your bank account. Thus negating the need for moving money into other accounts.
- High Limits: As discussed above, Visa has some of the most upper limits of any payment method due to the additional layers of security afforded by these options.
Extra Features You Get by Using Visa at Online Casinos
In addition to the world’s most significant credit and debit network, Visa offers casino players a handful of additional features and services, including:
- Prepaid Card: Visa offers prepaid cards that can be loaded with cash or credit and then used until that money has gone. This is a great way to benefit from a credit/debit card without going through strict checks.
- Visa Secure: Originally known as Verified by Visa, the Visa Secure program kicks-in when you make a payment using your Visa card. It provides an extra layer of protection and double-checks to make sure the cardholder is the one making the payments.
- Insurance Benefits: Many Visa credit cards and banks offer built-in services, including travel and phone insurance. These services are often reserved for premium account holders. Still, the bar is set very low for what qualifies as “premium”.
- Rewards: Most credit card providers offer some kind of reward cards, and Visa is no exception. However, it’s worth noting that you can’t earn reward points for money spent on gambling sites.
Summary: Visa for Online Casinos
Whether Visa is your go-to payment option or a backup, it’s always a great option when wagering money on casinos online. Every gambler should have access to at least one debit card or credit card, which means Visa is always an option. If a new casino site doesn’t offer your favourite web wallet or instant payment method, simply reach for the Visa card and use that instead. Visa cards are fast, convenient, safe, secure, and widely available. All things considered, you will struggle to find a better option, and that’s why we recommend that everyone has at least 1 Visa card on hand.