Visa Inc. is a world’s leading financial service giant that facilitates electronic payments through its credit, debit, business, and prepaid Visa cards. Visa is a US company founded by Bank of America back in 1958 as its credit card program. However, in 1970, the Bank of America formed a consortium comprising other BankAmericard issuer banks to take over the program.
In 1976 this credit card program was rebranded and renamed into today’s world-famous Visa. This method is the world’s second-largest card payment company and one of the most recognizable financial brands that offer various products and services across the globe. Everyone uses Visa, from the Fortune Global 500 companies to SMEs, consumers, and governmental organizations.
Visa is not a card issuer itself, it’s not a bank either, but it processes almost 200 billion transactions every year! It acts as a global electronic payment provider that enables transactions via credit, debit, business, prepaid, or gift cards by connecting local banks to their clients.
Using any Visa card, people can make online and offline purchases and make payments anyway and almost everywhere they want. Today, this method is an extensive financial network present in nearly 200 countries and territories worldwide and is supported by more than 15,500 financial institutions.
There are 3.3 billion Visa cards all over the globe today. To process 188.1 billion transactions yearly, this method delivers its services through the advanced transaction processing network VisaNet.
Besides the already famous Visa cards, the company is continually inventing new solutions applying advanced technologies to enable top-notch payment products and services that follow the 21st-century trends. This products also include contactless payment solutions, wearable devices, chip-based cards, mobile and online payments.
This company offers all sorts of credit, debit, business, and prepaid cards.
Visa debit card is the most commonly used card that serves as a current account as you are paying in cash from your account. This card is a great way to protect your account from going into the red.
The Visa credit card allows you to spend the money you don’t have, just like any other credit solution. This could be useful if you need to buy something, but don’t have enough cash.
Visa prepaid is not linked to a bank account and is a pre-loaded solution that allows you to spend what’s been topped-up onto the card. Card funding can be done directly, in cash, and a user can have a card that looks like any other Visa card. With this card, he can make all sorts of online transactions, and this card is one of the safest payment methods as it eliminates any data sharing. So, the Visa prepaid card could be a perfect fit for live casino players!
Visa business cards can be both debit and credit cards. These cards offer a convenient and secure way to keep control of your business finances. They can even offer incentives like point rewards for payments made at specific restaurants and hotel brands.
Furthermore, this method allows you to use your favorite eWallet to make transactions. So either an Apple Pay or Google Pay fan, you decide which wallet or wearables you want to use, as this company supports both.
As for the branding and the cards’ names, we are most definitely sure you’ve heard of Visa Electron, Visa, Classic, Visa Gold, Visa Platinum, etc.
How to Deposit via Visa?
With so much being said, it is clear that it would be truly unusual to find an online casino that doesn’t accept this method.
To deposit funds into your gambling account, go to the cashier page and select this method.
Enter the card number, personal details, and the expiration date (if you are paying with a plastic card). You’ll also be asked to write the 3-digit CVV security code from the back of the card. The next step is to specify the amount you want to deposit, and that’s it.
How to Withdraw with Visa?
The withdrawal is also easy and done the same way as depositing. The only difference is that you may have to wait longer to see the money in your account.
Transfer Times, Fees, and Security
To deposit funds using this method is straightforward, and transfer is processed almost immediately.
Withdrawals take more time, mainly because the casino’s process time may last up to 48h. After the casino has finished its screening, the bank will also need a few days to process the transaction, so the whole process usually lasts from 3 to 5 business days.
Like any other payment card provider, this method applies Interchange fees that depend on the country where the card was issued and the country to which the transaction is being sent.
If your card has been issued outside the EEA (European Economic Area), and the merchant is located within this area, the fees are 0.30% and 1.5% for credit and deferred debit cards. For Immediate debit and prepaid cards, the fees are 0.20% and 1.15%.
The difference is also made with two types of transactions: a card-present and card-not-present transaction. The second one is more expensive, so the higher numbers above are related to the card-not-present transactions.
Now, in case the Visa card was issued in the EEA, and the merchant is also in this zone, the consumer fees are 0.30% for credit and deferred debit cards, and 0.20% for immediate debit and prepaid cards.
For the business and corporate solutions (Visa Business credit/debit cards, and those with EMV chip), the fees go from 0.30% to up to 1.85%.
Visa utilizes state-of-the-art technology to protect its products and services. From EMV chip cards, Verified by Visa authentication system, deployment of the Visa’s global secure network, VisaNet, to robust fraud detection capabilities, Visa is taking care of their customers, making sure to provide flawless and reliable payment methods.