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Visa Payment Method

 

visaVisa is a major brand of debit or credit card used in over 200 countries or territories across the world.

The cards are issued to customers by banks or financial institutions to allow them to make physical payments, online transactions or withdraw cash from ATMs.

Visa cards offer a safe and reliable way to pay for goods or services and are an excellent way for Canadian punters to fund their betting accounts.

The majority of betting sites in Canada offer Visa as a payment option including b-Bets, Royal Panda and Bodog.

It is possible to complete Visa transactions on laptops, tablets and mobile devices, making it one of the most convenient ways to fund your gambling activities.

Advantages and Disadvantages of using Visa

Pros

  • Many leading banks provide customers with Visa cards, making it one of the most popular payment method in the betting industry.
  • Linking your card to your gambling account is easy – just visit the cashier, enter your card number, expiry date and three-digit security code to start betting.
  • Most reputable sites give you the option of retaining your details for future use, further adding to the convenience of Visa.
  • Deposits made by Visa are usually credited instantly, while withdrawals generally take around 3-5 working days to be credited back to your account.
  • Punters can use Visa cards safe in the knowledge that the best betting operators will use encrypted technology to ensure all transactions are processed securely.
  • Using a debit card for betting ensures that there must be sufficient funds in your bank account to make a deposit.
  • Visa’s convenience is undoubtedly its main selling point, and it is easy to see why so many people use it on betting sites.

Cons

  • Some e-Wallets transactions can be slightly quicker than Visa, but there is usually little to choose between the two payment options.
  • The majority of firms don’t apply any fees for using debit cards, but credit card payments sometimes have a small charge applied to them.
  • Credit cards are also a useful way to make payments, although it is advisable to only use this method if you are planning to pay off the balance before any interest charges are applied.

How to deposit funds using Visa

Before signing up with any online bookmaker it is worth checking whether they allow you to make payments via your favoured method.

Visa is usually included towards the top of the list of different options and many sites offer special bonuses and promotions if you make a deposit by card.

Once you have registered with the site you will be given the option to make a deposit. If you are an existing customer you would visit the ‘Cashier’ or ‘Account’ section on the site.

When you have reached the relevant page, look for Visa and click the appropriate box to start the deposit process.

Enter the requested details including card number, expiry date and the three-digit security number on the reverse of the card.

Type in the amount you wish to deposit, click the appropriate button and your transaction will be processed in a matter of seconds.

There may be a verification stage to go through known as ‘Verified by Visa’ that requires you to enter some additional information, but this does not take too long.

If your deposit is successful, you will be able to immediately begin using the funds to place bets on the site.

Betting SItes that accept Visa

How to withdraw funds using Visa

Much like making a deposit with Visa, using the card to make a withdrawal is a simple process and is extremely similar across the different bookmakers.

Visit the ‘Cashier’ or ‘Account’ section on the site to be taken to the banking area. Look for the ‘Withdraw’ option and click the button.

You will generally be offered the same method that you used to make your deposit, making it even easier to start the withdrawal process.

As your card details will already be saved, simply enter the amount you wish to withdraw and confirm the transaction.

Some bookmakers will process this immediately, while others can take up to 48 hours during which time you can reverse the request.

Most of the leading operators facilitate Visa debit card payments free of charge, but some implement a small fee for using a credit card.

Withdrawals are usually credited back to your account in around three working days, although it can take slightly longer if you request funds during the weekend or public holidays.

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