Pros and Cons of Visa as a Payment Method in Online Casinos
Pro and Con
- Worldwide acceptance
- Support for multiple currencies from all over the world
- Almost all the casinos accept payments made by Visa
- Privacy and confidentiality of personal information
- Easy verification process
- Does not support extremely fast transfers like e-wallets
How To Make a Payment by Visa in Online Casinos
Making payments on online casinos in India via the use of your Visa card is a straightforward process. The step-by-step process is listed down below:
- Finding the Casino:
You need to find the casino which accepts Visa Electron, as one of the listed payment options.
- Opening your casino account:
In this step, you need to open your account in the casino which you just found. Opening an account is a relatively simple process. You fill out the registration form and click the link in your verification email to complete the process of opening your account. You may have to deliver the required ID proof to ensure that you are 18+ and eligible for gambling.
- Making a Deposit:
After your account is created, then click on the deposit button in the payment menu within your chosen casino. Add your card details and then enter the amount. Then click on the pay button, and you have successfully made a deposit using Visa casino payments.
Average time of Visa for deposit and payouts
The time for Visa payments and deposits depends both on the casino operator that you have chosen as well as the payment service provider. Generally, it takes about 24 hours for your Visa card to reflect the deposits you made to the online casino in India. Unlike most payment methods, most gambling operators allow large deposits when you are using Visa. The time taken for an average payout on a casino site is about 5-6 working days. The presence of the feature of large deposits makes you more capable of becoming a
high-roller
if you so desire.
Also, the smooth customer service which Visa offers will allow you to get answers to any questions you might have related to your payments and or any other aspect of online casino Visa Electron. Visa deposits are not supposed to take 5-6 days and payouts should not take more than 10 days on the Visa online casino. If so, then, you may require to contact the customer service of both the online casino and the payment service provider to resolve the issue.
Visa verification requirements
Visa is a debit/credit card to put it very simply. Hence all the restrictions and unique quirks about a typical debit/credit card also apply here. Therefore, the requirements to procure a Visa debit/credit card do not deviate much from the process of obtaining any other credit card. The requirements are listed in a manner to boost your understanding:
- You are required to have a bank account registered under your name to hold a Visa debit/credit card.
- You are required to fill in a unique form to request a debit/credit card to be issued to you.
- You can apply for a debit/credit card online also.
- You need to attach proof of your income for the determination of your credit score if you are applying for a credit card.
- After you have your credit score calculated, you will be given a credit limit. The credit limit is the upper value to which you are allowed to spend from your credit card.
- After verification of your credit limit, you will be issued a Visa credit card.
The History of Visa
It was the year of 1958 and in Fresno, California when the Bank of America was ready to launch their BankAmericard payment system. BankAmericard was envisioned to be a state-wide payment solution. It was not until 1965 that due to the success of the card-based payment system, a joint venture which was designed to take off the consortium of banks and it took the shape of Visa. By the year 1972 VISA had already taken the entire United States and 15 other countries by storm.
The popularity of Visa just went on increasing as time flew by. However, the name Visa was not adopted until the year 1976 and it soon became a household name. As of today, there are over 1.5 billion Visa cards which are being circulated in the entire world, and with over 4.3 trillion dollars in annual sales makes Visa a name to be recognized and respected in the field of payment solutions like
Paysafecard, Entropay,
American Express,
Neteller, Ecocard,
ecoPayz, Paynearme, Citadel, Payforit,
Bankwire, Instadebit,
Bitcoin, etc.
In addition, Visa often gives out gift cards that can be used for playing at casino sites. Visa has an option of
debit cards
as well which is another popular form of cards which a lot of people prefer over the credit card.
Visa vs Other Payment Providers Compared
There are a lot of reasons why Visa gained the reputation that it has now. In the payment operations industry, there are several operators making the competition go high. This makes a good punter want to compare these operators so that they can choose the best one. There is one very major competitor to Visa cards, and that is
MasterCard. The limits on cashing out your winnings or making deposits using MasterCard make the use of MasterCard in online gambling and betting very stressful.
Visa also has a few advantages over e-wallets too. The reason for which Visa takes the lead with casinos that accept Visa is mainly due to two different reasons. Transaction fees which are taken from the punter are generally high in these e-Wallets and Paypal when compared with Visa. Also, not all gambling sites support these wallets, which makes them rather inflexible. However, e-wallets can help you engage in fast transactions which you may not find with Visa. This can be a nuisance for modern punters.
Alternative Popular Payment Methods
When you are looking for a new way of making your payments, the sense of security and safety of your money is important. So, every punter should first focus on whether the payment service provider is secure or not. Visa casino payments is popular for their reliable security. It has a unique chip embedded into each one of their cards which they issue outside of the United States. This unique chip aims to reduce card theft by making the process of cloning cards very difficult.
Your Visa card is also equipped with a unique hologram. This hologram also reduces card thefts by a substantial amount. CVV is perhaps the most important security feature which your Visa card has. Without the use of proper CVV imprinted on the back of your card, making payments is impossible. Visa also has an encryption layer and uses a 128bit SSL secure payment gateway for routing all their payments. These are some of the reasons which make payments made through Visa secure, reliable, and fast on the Visa online casino.
1.
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Visa Casinos FAQ
When you are choosing or changing your preferred solution for your payment needs, there are several questions that you might have. Getting the answers to these questions is very important. Not knowing a particular thing could snowball into you losing your profits. Here are the answers to the most important questions you could have about Visa casino payments in India:
Do I need to use the same deposit and withdrawal method?
There is no mandatory condition that mentions that you can not have two different payment providers for your deposit and withdrawal methods on the Visa online casino. With that being said, most of the Visa online casino usually suggests you have the same deposit and withdrawal method to avoid having to go through double verification.
Why does an operator block my account?
The prime reason which could lead casinos that accept Visa to block your account is if you choose to abuse the welcome offers and bonuses which they offer. In addition to that failure to prove your age and identity could get your account blocked on the Visa online casino.
All the rewards and bonuses are usually the product of either the sportsbook, bookie or the Visa online casinos which you are using. They also have offers which one can only activate when they make their payments with the use of an individual payment method. That being said, Visa also has suggestions of its own. These offers can be primarily found during the holiday season.
What should I look into when I’m deciding on a specific payment service provider?
The first consideration that should come to your mind should be the security of the payment service provider because you involve the use of your own real hard-earned money. Another thing to keep in mind is that you should look into the affiliations that your payment service provider has. These affiliations ensure the safety of the money you have on the line or online.
Will there be restrictions on any payment methods?
The limits posed on you will depend upon the payment service provider which you choose and the operator you are considering. If you select a credit card based service like that of Visa, then there would be an upper limit to money which you can use. This limit can also be present in e-wallets.
Important Factors to Research a Casino Site Before Spending
Before you use your hard-earned money into these payment services, there are many factors which should be kept in mind. These are the aspects that distinguish between experienced and novice punters. Not knowing some of them could potentially be of great detriment to your gambling career. Some of them are listed below:
- You should make the best use of comparison websites like Gambling Guy to help you out. Doing a thorough check and comparison before you choose one of these payment service providers will help you to make a very informed decision.
- You should take a look at the history of the operator which you are using. The reason behind this step is that there are certain things which you should know regarding the past of the payment service provider – like the number of blacklisted casinos they have associated with before. Look out for any events which have tampered with the experience of its users.
- Not all payment methods are accepted by all casinos. Hence before choosing your payment solution, you should see whether these are approved by the casino.
- Easy to use interface will help you save your precious time. So, always choose the one which you like to use.
- You should also check the verification process of these payment methods. The ideal verification should not last long and at the same time should not skimp on essential parts.
- Security of your payment is another significant feature that you should take a look on. They should have a secure and safe channel through which they allow their salaries to happen. Also, they should not leak sensitive information about their clients. The personal information which you entered should be kept extra safe from any potential threats.
- Another thing that you should be wary about is that Visa can be both a credit card and debit card. Depending on the bank you have used to issue your card it can have debit card property as well. Make sure you are well aware of the card which you are using for making your payments. Debit cards are generally more restrictive in allowing payments to be made.
How to Find the Perfect Online Gambling Sites for You!
Your journey as a gambler does not begin just by ensuring that you took all the right steps in choosing the right and trusted payment method. You also have to make a sound decision about the operator which you want because, in the end, they are going to be deciding how much money you take home. You don’t have to gamble and lose to know that there are a lot of scam artists masquerading as legitimate operators. Keeping that in mind, we have devised a list of things that you keep in your mind before choosing the right operator:
- Security and license:
Any good operator would have to have proper permission and paperwork from some of the top gambling authorities like the UK Gambling Commission. Having the presence of a layer of security over their payments would make sure that you never lose any money except losing your bet.
- Casino Software Provider:All the games which you see online are provided to them by a software provider. The likes of Microgaming and NetEnt will ensure that the games are bug-free to make sure you have pleasant gaming experience. They also have a screening process to not allow fraudulent operators.
- Payment Process:
All the top and good operators must have their payment process to be reasonably diverse and straightforward at the same time. Diversity in the types of payment methods that they offer could entice potential punters.
- Certification:
All of the operators which are operating their casino business online should have their games checked. After a thorough examination of their games by proper third-party auditors award them with their certification. Holding a certificate from these authorities will ensure that no malpractice is occurring from the casino’s end.
When you are opting for a new casino to bet on with you should make sure that they accept your preferred payment option. There can also be certain Visa online casinos that do not give bonuses to all the payment solutions. It’s always recommended to read through the terms and conditions of the casino before putting in your money.
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Conclusion
The Visa transaction system has features that are most desired by punters all around the world. The functionality of adding money into your credit card helps punters have a seamless gambling experience. The likes of Bank of America back them, so reliability should not be a problem. Plus, Visa is eligible for bonuses too. Visa has secure banking servers and a great customer support system as well. All these reasons should make placing your trust in Visa casino payments easier.
Due to the popularity and wide acceptability of Visa as one of the top payment service providers, many punters would already have their own Visa cards, making it easier to bet on Visa Online Casino.
