Making a payment with Visa – Step by Step
You can make payments with Visa at an Online Casino in Canada in a few easy steps:
First of all, make sure the gambling site you use allows both deposits and withdrawals for your specific Visa Card. While this is generally the case, some casinos restrict withdrawals with certain payment methods, so it’s best to double-check. Similarly, some institutions don’t allow transactions related to gambling, so double-check with your financial service provider too.
If you haven’t already, sign up at your preferred online casino. If you’re unsure, you can select one of the online casinos listed above. This is a simple process that’ll take a few minutes.
Navigate to the ‘Cashier’ section of the site, select the deposits option, and choose ‘debit/credit cards from the list of payment methods.
Select ‘Visa’ and fill in your card details, including your card number, CVC number (if it’s a credit/debit card), security code and expiry date.
Once you input your desired amount, click proceed to make your deposit. Usually, you’ll be asked to confirm the transaction, or you’ll receive confirmation from your bank that your transaction was successful.
And Voila! Your funds should reflect in your gaming account right away. You can now instantly play the casino games you love.
Before withdrawing your winnings, you’ll be asked to verify your identity by uploading your ID Card or another form of identification. In some instances, you’ll also be requested to provide proof of residence. By completing this process when you first sign up, your withdrawal requests will proceed much faster.
Go to the Cashier section and select ‘Withdrawals’, then select ‘Visa’, input the amount you’d like to withdraw and confirm the transaction. It’s as easy as that!
Average time of Visa for deposits and payouts
Whether you use a Visa debit or credit card at an online casino, the average transaction time frames are the same.
In Canada, Visa casino payments normally show up in your gaming account straight away with your bank balance being updated in real-time too.
However, with Visa, you won’t get instant casino withdrawals because the verification process takes time. Of course, this is also dependent on the gambling site and your financial service provider.
On average though, expect to wait around 3 to 5 business days for your winnings to reflect in your account, even though your casino balance will be updated instantly.
Using Visa at an online casino in Canada is not necessarily the quickest way to cash out your winnings, but it’s most certainly not the slowest way either.
Visa verification requirements
When using your Visa Credit or Debit card at an online casino, you’ll be asked to verify your identity. This is standard practice for all reputable gambling sites where you’re obliged to provide proof of identity and sometimes, proof of residence.
Because your Visa Debit or Credit Card is linked to your bank account, the verification requirements are different to other payment methods.
This is because you have to be physically present at your bank when opening a new account to receive your Visa Debit or Credit Card. You’ll obviously need to take your I.D. and other relevant documentation with you. If you’re an existing customer, you can generally apply online for a new account or Visa Card.
When it comes to doing transactions online, Visa works closely with your financial institution to ensure your online safety. In doing so, you’ll have to authenticate your online payments either via your banking app or by receiving and inputting a unique code. However, for Visa Prepaid and Gift Cards, this isn’t necessary.
The history of Visa
Visa Inc. is an American-based corporation that provides payment services to countries around the world, primarily through its Visa Debit, Credit and Prepaid Cards. It doesn’t issue cards itself but instead provides Visa Cards to a variety of banks worldwide.
The brainchild of Bank of America, it was initially conceived in 1958 as a credit card program that was rolled out to other financial institutions in 1966.
A few short years later, in 1970, Bank of America conceded direct control of the program. A group was then formed with the other issuer banks to manage the program, which became known as Visa in 1976.
Since then, it has grown to be the biggest company in the industry, second only to China’s UnionPay. After corporate restructuring in 2006, Visa Inc. made U.S. history when it sold almost $19 Billion worth of shares to the public in 2008.
In 2007, Visa brought out ‘Visa Contactless’ which allows users to tap or wave their cards in front of the terminal instead of inserting or swiping their cards. It has also since introduced a mobile payment app called ‘mVisa’ and ‘Visa Checkout’ which is an online payment system.
Visa also offers other products like a Prepaid Card, Gift Card and Visa Electron Card. However, some of these products are not available to Canadians.
Visa to other providers compared
At online casinos in Canada, the Visa payment method is at the top of the list. Accepted by all major online casinos, it’s a safe and secure way to fund your gaming account. The fees are reasonable and highly regulated, and the majority of gambling sites won’t charge you extra for using it.
Making Visa casino payments in Canada is a painless process, taking a few minutes at most. Similar to MasterCard and American Express, you can use your Visa Card to make purchases both offline and online. It’s a payment method that gives you flexibility, control and oversight of your transactions, with the added level of security you can expect from your bank.
When using Visa at a Canadian online casino, you can make withdrawals directly to your Visa-linked bank account, removing any hassles and extra costs. (In comparison to using an e-Wallet like PayPal at an online casino where you’d have to do an additional transaction to get your funds into your bank account).
There’s really not much of a downside to making casino payments with Visa in Canada, except perhaps, that you still have to wait up to five days for your withdrawn winnings to reflect. However, this isn’t a unique scenario to Visa and applies to other debit and credit cards as well.
Most popular payment methods
Whether you’re scouting for an online casino with progressive jackpots in Canada, or one that has excellent VIP casino rewards – whatever it is – you’ll notice that the cream of the crop have one thing in common. Licensed and eCogra approved casinos in Canada all offer the most popular payment methods.
Of course, these vary in range but typically include Online Casinos in Canada with Visa, MasterCard, American Express, PaySafeCard, EcoPayz, Entropay, InstaDebit and e-Check as some of the primary payment methods.
Other leading online casinos in Canada use Neteller, Skrill, PayNearMe, Bank Wire Transfer and even BitCoin.
In an effort to uphold its reputation, Visa makes every effort to adhere to regulations and protect its customers. The company only works with reputable online casinos with a proven track record of reliability and trustworthiness.
As long as you’re using a reputable online casino, you can be sure that your funds are secured, and your personal information is protected. Fortunately, you won’t have to scour the internet, because our Online Casino Guide for Canada has everything and more to help you find the best online casinos.
Can I use my Visa Debit or Credit Card to Gamble Online?
Absolutely! Visa supports regulated online gambling. This means that you can deposit and withdraw funds with your Visa Debit or Credit Card at any licensed gambling site that provides this option. Most, if not all, top-rated online casinos in Canada have Visa as a payment method.
Is it Safe to Use My Visa Debit or Credit Card at an Online Casino?
Yes, it’s completely safe provided you make use of a respectable, trusted online casino. Visa uses cutting-edge fraud-prevention technology to ensure that your personal details, as well as your funds, are safe and secure when making purchases.
Do I Have to Pay Fees for Using Visa at an Online Casino in Canada?
Your regular fees associated with your financial service provider will still apply as normal. However, you won’t incur any extra fees when making online casino payments with Visa in Canada. You also won’t be charged for making withdrawals when using this payment method.
Can I Make Both Withdrawals and Deposits Using Visa?
While the majority of online casinos in Canada that use Visa will allow you to make both deposits and withdrawals, not all of them do. To be on the safe side, have a look at the casino’s terms and conditions to make sure both deposits and withdrawals are accepted. If not, you can always use your Visa Card for deposits and an alternative method for withdrawals.
Will I Still Be Eligible For My Welcome Bonus If I Use Visa?
Yes, making online casino payments with Visa in Canada won’t preclude you from receiving your bonus. When making your first deposit, you’ll usually be asked whether you’d like to accept a welcome bonus because of the wagering requirements. If you’re looking for the latest bonus codes or welcome offers, you can find our selection of the finest bonuses at the top of this page.
Other Visa Products
Visa Electron has been around since the 1980s and functions much in the same way as a Visa Debit Card – with one notable exception. Visa Electron, unlike other debit or credit cards, cannot be overdrawn. This means that you can only make deposits with Visa Electron at an online casino in Canada if you actually have the funds available to do so.
With Visa Electron, you’ll have to verify each and every transaction you make – which adds an extra layer of security, as well as control. The fact that you can only use your own funds with this payment option means that you’ll never be able to spend beyond your means. This is an attractive feature for some.
However, despite this being a common method of payment, not all online casinos in Canada accept Visa Electron. Be that as it may, it still remains popular.
For folks not wanting to make online casino payments in Canada using a Visa Debit or Credit Card, then this option might be more suitable. Visa Prepaid came about in the 1990s and is still extremely popular today. It operates similarly to a gift card. As its name suggests, you pre-load it with a set amount of money – making it a great option if you want to limit your spending. You can reuse it by topping it up from one of your bank accounts.
Some people prefer this option rather than making online payments at a Canadian casino with a Visa Debit or Credit Card. This is because it’s completely anonymous and not linked to your personal bank account in any way. It makes for a fantastic choice if you prefer keeping your personal information and data private.
Other than that, though, it’s pretty much the same as a traditional debit or credit card in terms of how it’s used. The only exception is that you can’t always use this payment method to make withdrawals at some online casinos.
Visa Gift Card
Much like the Visa Prepaid Card, using a Gift Card from Visa at an online casino in Canada is a good option if you prefer your online anonymity. It also operates the same way as a Visa Prepaid Card – so making an online payment at a Canadian casino using the Visa Gift Card is straightforward and fast.
However, the difference between a Visa Prepaid Card and a Visa Gift Card is that it can only be used once. After you’ve depleted the funds, the card itself is useless, which means you can’t use it to make withdrawals. But this is one of the reasons why some might find it appealing. The Visa Gift Card also makes for just that – a gift.
All in all, you’ll find that various Canadian casinos with Visa payment options will accept Visa Electron, Visa Prepaid and Visa Gift Card.
As you’ve seen, Visa is a prevalent payment method in the online gambling industry. Having been around for over fifty years, it’s a universally accepted way to make secure payments both online and offline.
You can make online casino payments in Canada with a Visa Debit or Credit Card, without worrying about your online safety. Just make sure to use licensed and trustworthy gambling sites.
Deposits and withdrawals are processed instantaneously, but you’ll only receive your funds in up to five days. Unfortunately this is the industry standard for debit and credit card withdrawals. With little to no extra charges on top of your regular fees, and an effortless process, Visa ticks all of the boxes.