Currently, wagering on sports over the Internet has become a preferred pastime for many gambling enthusiasts all over the globe. They are presented with the unique opportunity to pick from an impressive number of interactive bookies that are all striving to capture punters’ attention with the number of the covered sports and sporting events, as well as with the special bets they offer. One more step in this direction is also that web-based bookies endeavor to offer as comprehensive lists of payment solutions as possible.
As a matter of fact, Visa remains one of the most approved options. The payment method is one of the fan-favorites as it is highly secure, manageable, and affordable which makes it the right option for your betting session.
Visa Electron and Visa Delta (now known as Visa Debit) are debit and credit cards that are issued by the bank where you have opened an account. They were first introduced in the 80s as sister cards.
The only difference between these two cards is that the Visa Electron can only be used to make purchases limited to the amount of money you already have in your bank account i.e. you cannot spend more money than you have in your balance. On the other hand, you can use Visa Delta to make transactions even if they exceed your account balance up to a certain limit.
These cards are available in more than 170 different countries and support a wide variety of currencies, which gives you quite good chances to get access to the service.
Pros of Using Visa for Wagering on Sports
A large number of the gambling enthusiasts prefer utilizing their Visa cards to make payments to the preferred interactive bookies due to the fact that the payment method has several assets that give it a decided advantage over some of the other payment services bettors are presented with.
One of the main reasons why sports fans choose to use their Visa cards is that the whole procedure they need to follow in order to make a transaction via the service is quite simple and, in practice, nothing can go wrong. When making a payment through your card, you will be asked to type your card details and to verify the payment using your security code. Most of the betting websites will store your details so that you could make your future transactions without typing all this information again.
Many punters choose to use Visa cards mainly because transactions via them are handled right away. The fact that there are not any delays in the transfer of funds and that your money will be credited to the balance of your gaming account forthwith is a major advantage most of the bettors will appreciate.
The fact that Visa cards are widely accepted by interactive bookies is one more reason why punters go for this payment method. This gives you some quite good chances to find a reputable and a trustworthy sportsbook that allows payments via the service.
What is even better about the payment method is that it facilitates the transfer of both tidy and larger sums which makes it the perfect alternative for all types of gambling enthusiasts, no matter of their bankroll.
Moreover, most of the sportsbooks will not charge any additional fees when using Visa for your transactions. In most cases, when using some of the other payment methods you will have to pay a processing fee. Still, this is definitely not the case with Visa cards, as such fees are highly unlikely to incur when topping up your account through your Visa card.
Cons of Using Visa for Wagering on Sports
Irrespective of the fact that Visa has several decided assets, the payment method also has several shortcomings you should not turn a blind eye to. One of the major shortcomings that are associated with Visa is that quite often, it is unavailable for cashouts.
Despite the fact that the payment solution is so widely accepted and that it is supported by most of the interactive bookies, a large number of the operators do not allow withdrawals through Visa which is a major setback due to the fact that you will be forced to look for other options when you wish to retrieve your winnings. This might create a certain inconvenience due to the fact that you will end up using several payment methods on one and the same gaming website.
A major problem is also the fact that deposits to interactive bookies through Visa are quite often rejected in certain territories. If this is the case with you, you are advised to look for another payment method to make your transactions to the preferred bookie.
Visa Used for Wagering on Sports
If you are still looking for the best option to have your money transferred to the balance of your gaming account, you should definitely consider utilizing your Visa card. As you can see, the payment method has numerous assets we have already enumerated which make it one of the most suitable payment methods for gambling purposes.
As previously stated, one of the method’s major advantages is that it allows gambling enthusiasts to transfer both larger amounts of money as well as smaller ones. This makes the service suitable for all types of players, no matter whether they prefer placing more humble bets or whether they are inclined to play big.
Once you have acquired a Visa card, loading your account with cash via it will happen in a matter of a few seconds. In the first place, you should log into your account at the sportsbook you have registered with. Then, you should go to the banking section where you will find a list of all the available options. After this, just select Visa as your payment method of choice. If this is the first time you are using your Visa card to make a payment to the interactive bookie, you will be asked to provide your card number, your CVC code (card verification code), your name, and the expiry date of the card. It should be noted that a large number of the gambling platforms will store all this information, which will make your subsequent deposits even faster and easier.
Visa Taxes and Deposit/Withdrawal Time
When you apply for a Visa card, you are charged with $55 as set-up and delivery fees. A value load fee of $5 is charged each time funds are transferred to your account and $2 is charged on each transaction. In addition to this, an annual fee of $55 is also charged. All additional fees such as that for replacement of lost cards are given in the terms and conditions of the card. A limit of $500 is set for withdrawals per day, however, you can get this increased if your balance exceeds $1,000. Along with this most ATMs allow only transactions of up to $1,000 per day. Thus, you might not be able to withdraw a large amount in one go using these cards and such transactions could get more expensive than you have expected.
When it comes to the processing time, it should be noted that deposits via Visa are handled immediately, meaning that your funds will be credited to your gaming account right away. Still, as far as withdrawals are concerned, you need to know that this is a more time-consuming process as you will need to wait for at least 3 business days for your winnings to show up in your balance.
There is a real abundance of interactive bookies that have added Visa cards to the list of the supported payment solutions. That is why you are highly unlikely to encounter any troubles finding a decent sportsbook that accepts payments via the method.
The payment solution is the perfect alternative for gambling enthusiasts who want to have the peace of mind that their funds will be transferred in a secure manner as well as for punters who want to get instant access to their funds.
To put it in a nutshell, Visa is one of the fastest, most reliable, and low-cost payment methods available out there, which makes it the perfect choice for gambling purposes.