Visa Inc., is an international company commonly known as VISA (Visa International Service Association). It is listed under the name V on the New York Stock Exchange. Visa is the most widely used payment method worldwide, used for transactions between financial institutions, sellers, customers and even certain government organizations.
Visa, which was advertised as a BankAmeriCard in 1958, was originally part of the Bank of America credit card program.
The idea of creating a credit card came to a bank manager who noticed that it would be relatively easy for a computer network to summarize customer bills in a table instead of handling them individually and manually for each seller each time. The idea turned out to be brilliant and according to the 2006 Nielsen report, Visa holds 44% market share in credit cards and 48% market share in debit cards in the United States. The company's headquarters are in San Francisco, California.
How does a Visa card work?
The Visa credit card works on the same principle as other credit cards. Visa must first confirm the application for a credit card before the owner can use the card for transactions, for example in Visa online casinos.
After the cardholder has entered the credit card number, Visa uses the additional "Verified by Visa" protection function to check whether the customer has a valid card with sufficient credit. If so, the transaction will be accepted by Visa. To complete the transaction, the cardholder must enter a personal code.
Every month, the cardholder receives a summary of the transfers made during the month, the open invoices and the minimum amount. The holder can either pay the entire amount or initially only the minimum amount to avoid penalties for late payments.
Visa also offers a debit card. Like most debit cards, it can be used as a credit card for online purchases. The difference between these two card types (credit / debit) is that the debit card is directly connected to the account. This means that the amount can be debited directly and you cannot spend more than what you have (no overdraft allowed). In general, these transactions are secured by a personal code.
Advantages and disadvantages
The only downside to Visa is that this credit card is often rejected by American online casinos. That being said, the transactions are simple and secure. With the “Verified by Visa” system, numerous attempts at fraud can be avoided. In general it can be said that VISA cards are also a good online payment method for casinos.
If you want to receive a bonus, you should know exactly what conditions are possible
Everyone who has ever played in the online casino knows that it is not always easy to meet all the conditions and to actually use the promotions effectively. In the casinos it often really depends on which payment method you use to deposit, because there is not always a bonus for every method.
However, the Visa card is one of the standard methods of depositing in an online casino. The advantage of this is that you can pay with your credit card in almost every casino. However, you will also always find a list as an overview of all possible payment methods for each provider. Depending on what you imagine or have available, you can choose your provider. There may be some casinos that don't give you the option to deposit with credit cards, but then you should take a look around. Sometimes only Mastercard or Maestro are accepted, you must also pay attention to this if you want to use your Visacard.
Do not register in any online casino where you do not know how to deposit and withdraw. And above all, you should always check whether you can also receive the bonus when making a deposit with your Visacard. Accordingly, you should also plan how much money you want to deposit.
Even if you receive a bonus and deposits with a Visa card are not a problem, you should make sure that you do not reach the limits of the casino when it comes to withdrawals. Because, of course, paying out by Visa shouldn't be a problem!
It is not difficult to find an online casino with Visa, you just need to know exactly what you want
Of course, you can use different payment methods in different casinos. However, it always depends on which methods are available and what exactly you expect from an online casino. Anyone with different accounts and different payment methods knows that paying with an e-wallet can be much faster than with other methods. That is also the reason why more and more people choose Skrill, Neteller and Co.
You should also make sure that you verify your Visa card before you start depositing. Many customers initially miss this and then wonder why their payment has been delayed. In India, however, there may be problems with the payment if you have not sent your documents and your Visa card. It may take a while for the online casino to notice this and you will not get your winnings paid out during this time.
Before you register as a player, check exactly what can be offered to you and whether you can deposit and withdraw live almost in real time, or whether you have to expect waiting times or fees. If you don't know where you can find this information, you can always contact the provider directly and ask how you can best order your payments. We recommend all players to resolve the issues and questions before they start playing.