- Accepted at almost every online casino
- Deposits are instant
- Widely available for online casino withdrawals
- Safe and Secure
- Supports Canadian dollar
- Transaction fees
- Interest charges on outstanding balances
- Online casinos usually require Visa users to submit a special form
Creating an Account
There are several different types of Visa credit cards with each having different requirements, limits and fees. Visa credit cards are usually issued by financial institutions although they can also be obtained over the internet. You must fill out a detailed application form at your bank or online and then submit it for approval. Issuing institutions consider many factors such as an applicant’s income and credit history. Those with a poor credit history or minimal income often have their applications rejected.
As an alternative, many Canadian banks and credit unions offer Visa debit cards which are also accepted at most online casinos. Unlike Visa credit cards which give users a line of credit, Visa debit cards allow users to only spend money that is readily available in their bank account. Talk to a representative at your bank about getting a Visa debit card.
For those who don’t have a bank account or are otherwise ineligible to get a Visa credit or debit card, prepaid Visa cards are sold at many retail locations throughout Canada. They can be purchased in several denominations and users do not need to provide any personal information when they use one. Another advantage to using a Visa gift cards is they are not subject to interest charges or cash advance fees.
Deposits and Withdrawals
Canadians can use their Visa credit cards, debit cards, and Visa prepaid cards to make instant deposits at Visa online casinos. Limits and fees for credit card deposits depend on the type of card you have and the online casino you play at. Of course, you must also be sure you have enough available credit. Expect to pay a cash advance fee and interest on any outstanding balance when you deposit using a Visa credit card. Those who use Visa debit cards do not incur cash advance fees and they don’t pay interest because the money they deposit comes right out of the available funds in their bank account.
To use your Visa credit card or debit card to deposit funds into your online casino account, enter the deposit amount, your name, the 16-digit card number, the card’s expiry date, and the 3-digit CVC number on the back of the card. Your betting account is funded immediately after you confirm your transaction. Canadians who deposit using a prepaid Visa card need only provide the deposit amount, the 16-digit card number, the expiry date, and the 3-digit CVC number.
Making a withdrawal using your Visa credit card or debit card is very similar to making a deposit and you can usually expect to have the funds made available to you within about five days although processing times vary depending on which online casino you withdraw from. Once again, fees associated with withdrawals depend on the type of card and your online casino. Unfortunately, Visa prepaid cards cannot be used to perform withdrawals so users need to find an alternative withdrawal method.
If you need any help or have a question, Visa’s knowledgeable customer service team is standing by 24/7 and can be reached by email, live chat or by telephone.
Safety and Security
Visa goes to great lengths to ensure users are given maximum protection. Visa transactions conducted online are encrypted using the most up-to-date technology and each one is monitored to prevent fraudulent activity. All information that Visa stores on their servers is protected by multiple layers of sophisticated security that is regularly audited and upgraded to ensure continued effectiveness. Using a Visa card is one of the safest and most secure payment methods on the planet.