Visa is one of the most famous names in the world of payment cards and is a provider which offers both debit and credit card options. Both varieties of Visa card are widely accepted by bookmakers and betting sites, and are an option chosen by hundreds of thousands of punters.
The table included below lists 10 of the best bookmakers accepting Visa cards and the bonuses and promotions they offer to new punters.
Top 5: Visa Friendly Betting Sites
*Listings accurate as of 16-03-2019 (UK market).
Visa Debit vs Visa Credit Cards
Seeing as they’re offered by the same provider and are both accepted by virtually all bookies, you might think that there’s not much difference between depositing via Visa debit or credit card.
Generally, you’re not far wrong but there are a few notable things that you ought to know about each individual deposit method when using Visa for online betting.
Depositing & Withdrawing
Debit – when you first choose to deposit using a Visa debit card, you need to enter your card details and then can choose to have the site save them for you. That means that when it comes to depositing in future, all you need do is quickly tap in how much you want to deposit, your account password and your card’s security code, and that’s the process done. Withdrawing to a Visa debit card is pretty much just as simple, too. You need only enter the same information and you can withdraw any amount you desire from your account.
When it comes to withdrawing, however, you do generally have to wait between 24 and 72 hours for the funds to become available in your bank account.
Credit – deposits work in exactly the same way as they do with debit cards however when it comes to withdrawals there’s more to consider.
All online bookmakers will allow you to withdraw to a Visa credit card, and there is a processing period of between 24 and 72 hours as with debit cards. What’s different, however, is that you will only ever be able to withdraw as much as you have deposited using the card and not a penny more. That’s because a withdrawal is essentially a reversal or partial reversal of your initial deposit transaction and cannot, therefore, be worth more than that transaction. It is this which puts many punters – myself included – off from using a credit card for deposits to betting sites.
Debit – All online merchants – including betting sites – are required by law to protect transactions which pass through their sites via secure socket layer (SSL) encryption. That encryption means that the sensitive data shared by customers with the sites should be unreadable and thus useless to anyone else.
Card issuers themselves, too, offer useful security tools for added safety when using their cards online. Visa, for instance, have their Verified by Visa program which requires users to enter a unique pin or password to authorise each online transaction, as an extra layer of security.
If those measures fail, however, and a user’s Visa debit card details are compromised it can lead to significant problems. A fraudster with access to Visa debit card information, after all, essentially has access to everything in your current account and the process of recouping any stolen funds can often by long and arduous.
Credit – still benefit from the same security measures mentioned above but then have a distinct advantage over debit cards in the event of anything going wrong.
If a fraudster gains access to your Visa credit card details and uses them to make purchase or complete other transactions, after all, you can simply refuse to pay for those transactions on the basis that they are fraudulent. That means that you do not actually lose any money, and do not have to cope without funds whilst attempting to recoup them, as would be the case with a compromised debit card.
Differences In Summary…
- A Visa credit card can only be used for withdrawals up to the amount initially deposited, whereas debit cards can be used to withdraw any amount you require.
- A Visa debit card transfers funds immediately from your bank account, a credit card deposit is a transaction which will need to be paid for as part and parcel of your next credit card bill.
- If your Visa credit card details are compromised you can refuse to pay for any fraudulent transactions but recouping funds lost from a debit card takes much longer and is far more complicated.
Offering an array of handy details regarding depositing via all manner of debit cards, this page also offers an in-depth list of reliable betting sites that accept different cards.
You’ll want to check out this page if you’re interested in finding out more about the pros and cons of using credit cards as a payment method. There’s also more details on withdrawing with credit cards and a list of sites that accept credit cards for deposits.