How does Deposits and Withdrawals work?
To make a deposit you must enter your credit card information, that consists of 16 digits on the front of the card, followed by your name, the expiration date of the card and the three-digit security code on the back of the card (even called CVV code).
If you want to deposit money with a Visa card at an online casino it is a very simple procedure. First of all, you need to go to the deposit section at your casino. Choose “Credit Cards” as your preferred payment method. Now you need to fill in the VISA card number, your name on the card, the card’s expiring date and the 3-digit CVC safety code that is written on the back of your card. After indicating how much money you want to deposit, you need to check and verify the deposit. Once this is done, the money will appear on your casino account immediately.
The fees charged by online casinos for a VISA deposits may vary from casino to casino. If the deposit isn´t free, the fee normally is between 2% – 3% for every deposit. Some casinos only have a fee on small deposits. The limits for depositing money can vary too. Usually it is between €10 and €5000. The transaction is instant but sometimes it can take up to five days until it appears on your Visa account. Withdrawing funds from the casino account with VISA is done in the same way as with deposits.
However, not every online casino allows players to make withdrawals with their VISA credit card. So make sure that you know this before you start playing. Some casinos allow their players to make x amount of withdrawals per 30 days. Minimum and maximum limits for withdrawals with Visa also varies from casino to casino.
Advantages with this Payment Method
- Easy and secure payment method.
- Almost all online casinos accept Visa Cards.
- Depositing with VISA is a very easy procedure that normally won’t take more than a couple of minutes.
- Deposits made with a VISA credit card are instant and they will immediately be available on your online casino account.
- For some players, it might be good to deposit money that you don’t have on your bank account via a credit card.
- VISA as a payment method is available of millions of websites and stores around the world.
Disadvantages with this Payment Method
- Payments can take up to 3-5 days.
- Some online casino sites will take a charge of up to 3%.
- The principal disadvantage of using VISA credit card for payments is that you can very easily lose track on what you´re spending.
- When using VISA you have to be very careful with both the credit card data as well as your personal information because if you lose it, other people can use your card information and steal your money.
- Another disadvantage is that not all online casinos accepts Visa cards.
- Last but not least, some casinos charge a fee for both deposits and withdrawals with Visa cards.
VISA – Review and Conclusion
Just like MasterCard, VISA is also a credit card that you can link to your regular bank account. With a Visa card, you can take a “loan” each month and pay it back the next month from your bank account. Visa and MasterCard are very similar and the fees are almost identical. If you have problems with gambling a credit card isn’t the best payment solution for you because you can play with money that you don’t have which could be dangerous.
In addition, a VISA credit card allows you to make payments at millions stores all over the world. You can use it for online casinos and other websites. You can also use it at physical stores and ATMs. The goal of VISA is to replace physical money in the future.
Visa is one of the most popular credit cards in the world. There are very few physical stores that doesn’t accept Visa cards. This payment method was very popular a couple of years ago but now it is not so popular. The reason behind this is because of the fees. If you are using a credit card, the fee is much higher than if you are using an e-wallet.
As Visa card can be used at such a huge number of online casinos. The payment is very secure but if you lose your card, someone else can use your credentials and steal your money.
All in all, this was the best payment method a couple of years ago. But today, e-wallets are much cheaper, faster and simple. We really recommend all of our players to use e-wallets instead of credit cards.