Visa is a payment card company which, along with its competitor Mastercard, is widely used by people all over the world. While credit cards are also offered, the debit card is the most popular one and also the most relevant when it comes to online casino. As credit cards are banned for online gambling, the default payment method is a Visa or Mastercard debit card.
Visa is available as a payment method on every single casino site in the UK. In fact, new casino sites often have Visa, Mastercard and Bank Transfer as their only payment methods. Visa also has a stand-out feature called Visa Direct, previously Visa Fast Funds, which enables fast withdrawals (usually within 12 hours). This feature is supported by the main UK banks and is truly a game-changer.
Although Visa is one of the most common payment methods for online casinos, there are indeed some pros and cons that UK punters should know about.
Most of these are fairly obvious, such as the slow withdrawal time when Visa Direct is not involved, but we have collected three pros and cons respectively below:
Accepted Everywhere: As already touched on, punters can deposit and withdraw with Visa on every single UK casino. The convenience of this speaks for itself and this is something that you will not find with e-wallets, the support of which can differ greatly between casino sites.
Claim Welcome Offers: Casino sites in the UK, even the best ones, tend to restrict their welcome offers to certain payment methods and this often makes it tough to claim them with e-wallets, for example. Visa is always an eligible option, though, so this is great news for those who want to use the debit card.
Low Minimum Amounts: Another good thing about using Visa is the low minimum amount for deposits and withdrawals. This is usually £5, which means it does not take much to start placing a few wagers, just as you do not need to make £10+ winnings to withdraw.
Slow Withdrawals: This is one of the main reasons why many UK punters avoid depositing with a debit card, including Visa. The Visa Direct feature helps, allowing for fast withdrawals of funds, but this is not supported by all banks and thus some will still have to wait 1-5 business days.
Security: Although Visa is a safe method, considering just how many people use it every day, some punters might not feel comfortable with entering their card details on a casino site. That is why many tend to opt for e-wallets, which have portals of their own for logging in.
Credit Cards Banned: The Gambling Commission has banned the use of credit cards on gambling sites and this means that if you have a Visa-issued credit card, it will not be accepted. There is nothing Visa can do about this, of course, but it is still worth highlighting here.
Below, we have put together a guide for depositing and withdrawing with Visa on casino sites in the UK. The process is very simple, truth be told, but it could be worth jogging your memory;
Of course, since all casino sites in the UK accept Visa, you simply need to pick the one that you like the most. If you are indeed planning to use Visa as the payment method, then it could be worth checking out the best welcome offers on the market.
To make a deposit or a withdrawal, you need to head over to the site's cashier. You can usually access this by tapping on the account, balance or profile icon in the top-right corner of the screen. From there, you should see a menu option for 'Deposit' or 'Withdrawal', but it could also be named 'Banking'. Then, select Visa as your method.
The next step is to enter your card details, at least if this is your first time depositing funds into the account. For the second time and onwards, these details should be saved. The same goes if you are looking to make a withdrawal, as casino sites tend to put the deposit method as the default for withdrawals as well.
The final step is to enter the amount that you would like to deposit or withdraw. As previously mentioned, casino sites tend to accept low amounts when depositing or withdrawing with Visa, such as Lottoland's £1 minimum. Once the amount has been set, simply tap on 'Deposit' or 'Withdraw' to complete the process.
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry and what makes a good bookie. At BettingLounge, he makes sure that the content is up-to-date and presented in the best way possible.