Visa Credit Casinos

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Visa Introduction Visa Inc., a multinational corporation, is commonly referred to as VISA (Visa International Service Association). This corporation has a listing in the NYSE under the name V. VISA is the world’s largest electronic payment network and manages payments for financial institutions, merchants, consumers, businesses and even some government entities. VISA was originally launched in 1958 as the BankAmeriCard as part of the Bank of America’s credit card program. The credit card...

Visa Introduction

Visa Inc., a multinational corporation, is commonly referred to as VISA (Visa International Service Association). This corporation has a listing in the NYSE under the name V. VISA is the world’s largest electronic payment network and manages payments for financial institutions, merchants, consumers, businesses and even some government entities.

VISA was originally launched in 1958 as the BankAmeriCard as part of the Bank of America’s credit card program. The credit card was the brainchild of one of the bank’s branch managers who realized that it would be relatively simple for the bank’s computer systems to prepare customer’s bills across a wide array of businesses instead of individual merchants preparing these accounts manually. The idea proved to be brilliant, and according to the Nielsen Report in 2006, Visa held 44% of the market share in credit cards and 48% of the debit card market share in the United States. The corporation operates out of San Francisco in California.

How does Visa Work?

The Visa credit card works on the same principle that governs other credit cards. The cardholder’s application needs to be approved by Visa before the cardholder can use it to make transactions. All purchases made in an online casino known as CNP or Cardholder Not Present transactions.

Once the cardholder enters the credit card number, VISA uses the additional security provided by a tool called ‘Verified by Visa’ to establish whether the customer has a valid card with sufficient credit. Once this is established, the transaction is approved by Visa. In order for the transaction to be completed, the cardholder either confirms it with a signature or a Personal Identification Number to verify ownership of the card.

Every month, the cardholder is issued an account statement that details the purchases made during that billing period, any outstanding fees and the total amount due. The cardholder can choose to pay the total bill amount or a certain minimum amount payable by the due date to avoid late fines.

Visa Credit Card Restrictions

As of April 14^th, 2020, a credit card ban came into force in the UK, for the purpose of adding another layer of protection for players who overspend while playing at online casinos. The ban was initially announced in January, and since April, UK online casino players are not able to use a credit card as a payment. The ban does not only cover the use of credit cards, but also extends to credit card gambling through eWallets, ergo, eWallets connected to credit cards.

Therefore, UK players who were previously gambling online using Visa or other credit cards were enforced to choose another, alternative payment method for depositing and withdrawing across online casinos and sports betting sites.

Visa Pros and Cons

The VISA card has only one visible drawback, and that is the high rate of rejection for credit card transactions in many casinos. Apart from this, the, with a VISA card, you will find it simple to transfer funds to an online casino. Not only does it facilitate ease of use, but it also has proved to be extremely safe. As for fraud management, the Verified by Visa system has prevented many fraudulent transactions from being completed. Overall, the VISA card provides the consumer with a reliable platform for all online transactions, and online casinos are no exception.

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Visa Credit Casinos

Visa Introduction

How does Visa Work?

Top Casinos Accepting Visa Credit

Visa Credit Card Restrictions

Visa Pros and Cons

Related Reading

Related Banking Comparisons

Bonuses if you deposit with Visa Credit

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FAQs

Can Visa be used for online casino withdrawals as it is for deposits?

Which other payment methods make use of Visa for their online casino transactions?

Is Visa available for casino players in the USA?

Are there payment limits set up by the payment processor, such as minimum or maximum deposits?

What are some suitable alternatives to Visa for online casino payments processing?

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