VISA credit cards are one of the most popular cards in the world and are used by millions of users around the world. People use VISA cards for purchasing various items each day, rent cars, make large purchases and online services including making deposits and withdraws from their favorite online sportsbooks!
Online sportsbooks have made it possible so that bettors can use their VISA credit card to make their deposits and withdraws using their secured websites. VISA is one of the most secure and most well known credit cards that have been around for about 40 years. VISA was previously referred to as BankAmericard from 1958 thru 1976, when it changed to VISA.
Online sportsbooks started allowing credit cards to be used as a means to make the financial transaction safer and more reliable for both the sportsbook and the bettor. The funds are guaranteed with most VISA cards and therefore online sportsbooks prefer using it as a source for making the deposits and withdraws because their money is guaranteed.
Benefits and Negatives of VISA
One of the top benefits for using a VISA card is the fact that the transaction can be made from the comforts of your own home without needing to log onto a computer and without driving to a bank or wire transfer company such as Western Union or MoneyGram. With VISA, you can simply call your online sportsbook and give them your card number, name and security code number and they will allow the card to be used. Some online sportsbooks do require you to send a copy of your driver’s license to use the VISA card but that is more for safety and can be completely the same time you use the card.
50% up to $1000
50% up to $250
100% up to $500
75% up to $1000
50% up to $1000
The negative of using VISA at an offshore online sportsbook is additional fees and costs included with each deposit. As we said earlier, when online sportsbooks accept charges from a VISA card, they are charged a certain percentage, which most pass on to their clients. This can be costly if used multiple times in a month and therefore we recommend considering other options to make your deposits and withdraws.
United States Regulations
The US government has made it very hard to use a VISA card to make a deposit anywhere that gambling is involved. They have passed legislation and laws that forbid US citizens from using a credit card to fund online sportsbook accounts or from making wagers from the VISA card. All though it is forbidden, that does not mean it is impossible to use the VISA card as there are third party wallets that you can make deposits into by using the VISA card and in turn, you can use that wallet to make the deposit into the online sportsbook.
Non-US VISA Users
For users that reside outside of the United States, using a VISA card is much easier. Most online sportsbooks will allow VISA cards to be used however they are charged a small fee from their merchant account so they may pass along the fee to the user. VISA is used worldwide and accepted worldwide so no matter where your online sportsbook is centrally located, chances are it will accept VISA deposits.
Comparing Visa with Other Payment Services
Visa vs PayPal
PayPal is used internationally and has become one of the most famous online payment systems. However, nothing can beat the convenience of Visa. Visa is undoubtedly the most common payment option, and every online casino accepts Visa, whereas not all online gambling platforms accept PayPal. Fees for PayPal transactions are usually more than those for Visa.
Visa vs Other E-wallets
The same applies for other e-wallets, such as Neteller and Skrill, both of which are also very popular, but they don’t offer the same flexibility and convenience that Visa cards do. In most cases, unless the online sportsbook doesn’t accept Visa, there’s usually not many reasons to consider using e-wallets over Visa.
Visa vs MasterCard
Both Visa and MasterCard are the most well-known credit card brands and perform equally in most areas except for when it comes to withdrawals. For MasterCard, you will need an additional payment option to withdraw from your online betting account, whereas for Visa, you can make both deposits and withdrawals with one single card.
How to Make a Visa Deposit
Making deposits at your chosen online sportsbook with Visa is a simple and straightforward process. All you have to do is go to the cashier menu, then select Visa as your preferred method. Next, fill out the form and wait for the amount to be credited to your on-site account. It doesn’t take long as most online casinos process Visa payment very quickly. Despite the fact that Visa deposits are not as quick as other e-wallets, the majority of online gambling platforms accept Visa deposits.
Which Type of Cards Can Be Used?
Millions of people worldwide make transactions using Visa credit card, but there are also other types of cards that Visa offers that you should be aware of.
- Debit Cards – This card is directly linked to your funds. Be careful if you are an emotional gambler as you will likely continue to withdraw your money until your bank account is empty. At least you won’t have to worry about over withdrawing as withdrawals cannot be processed when your funds reach zero.
- Business – This type of card is usually reserved for the wealthier individuals, and comes with extra perks and bonuses.
- Prepaid – You can preload these cards with set amount of money, which acts as a good money management system because it means you won’t have to worry about spending beyond your means when using this type of card for funding your online betting account. Once the card fund is all used up, you’ll won’t be able to make additional deposits unless you reload your card.