Visa is a payments company and network that allows individuals, companies, governments, and financial institutions to make transactions with one another. Many financial institutions around the world issue credit and debit cards provided by Visa and these can be used to withdraw money from ATMs, buy things online, or use point-of-sale terminals.
Visa was created in the 1970s. It was the product of formalization of a previous arrangement between international banking institutions. In 1976, IBANCO became Visa International. It would be a few years later, however, that the association would introduce the bank-issued debit cards that we are familiar with today. That would come following a merger with PLUS ATM in 1986.
Since those early days, Visa has continued to grow. Today, the California-based financial services corporation claims to have issued 3.3 billion cards across more than 200 jurisdictions. By working with over 160 national currencies, Visa has managed to rack up a massive $11 trillion in total transaction volume.
Types of Visa Cards
There are a few different types of Visa cards that you should be aware of:
- Debit card – the most popular type of Visa card. They allow users to make payments from the associated bank account to retailers and online casinos alike.
- Credit card – Many credit cards issued by banks or other companies like transact via the Visa network.
- Prepaid cards – Some prepay card services use the Visa network. These can be great to deposit at an online casino since there is no need to share actual bank details with casinos.
- Virtual cards – Similar to prepaid cards are virtual cards. However, these can only be used at online retailers or for payments over the phone. You will top the virtual card up from another source and use the details in the same way as you would any of the above cards.
Why Use a Visa Casino?
Advantages of using Visa
As mentioned, Visa is one of the planet’s most prolific payment networks. Along with the equally recognisable MasterCard, the company accounts for the lion’s share of New Zealand’s $40 billion in credit card payments each year.
Since so many people are using the Visa network, almost every licenced and regulated casino (and certainly all those featured here) will accept payments via either a Visa credit or debit card.
Visa as a company is committed to protecting the funds and personal information of its users. Although inevitable security vulnerabilities have happened previously, on the whole, Visa transactions are very secure.
Casinos will usually credit all deposits made using Visa immediately. This means players can get started playing their favourite slot or table game right away.
Disadvantages of using Visa
Whereas Visa deposits usually appear instant, withdrawals often take a lot longer. Deposits will appear in your account right away but in reality, the casino has just credited the player with some funds to use whilst it waits for the deposit to clear. In most cases, the casino will trust both the financial institutions sending the transactions, as well as the Visa network itself, and will, therefore, allow players to use the money that’s still on the way. It would be pretty disastrous for their business model if players were forced to wait the two or three days required for a Visa payment to clear.
When it comes to withdrawals, unfortunately, your bank isn’t quite as liberal with its trust. They don’t credit your account immediately and require that you wait the clearing time before you can spend any money withdrawn via Visa. This is a massive pain, particularly for high volume players wanting to play at numerous casinos.
How to Use Visa Payments at an Online Casino
Making a Visa payment at an online casino is really easy. However, there are two main parts to it. The first is acquiring a Visa card for yourself and the second it funding it and making a payment to the casino.
Getting a Visa Card
Depending on the type of Visa card you want, the method will be slightly different. The easiest way to get a Visa debit card is to set up a bank account that uses Visa for its card payments. For virtual, pre-paid, or credit card payments, you would need to apply for the card via the company offering the card you would like. Just visit the service provider’s site for precise signup details.
You’ll then need to fund your account that your new Visa card is associated with. You might need to walk to your bank to pay in cash or wait until your employer pays into your account. If using a non-bank Visa service, you will probably need to use another credit or debit card to pay the initial payment to your Visa card.
Making a Visa Deposit at an Online Casino
- Find a New Zealand-friendly Visa casino amongst our listings and give it a click.
- At the casino’s landing page, click “register” and complete the account registration process.
- If there are additional steps required to claim a welcome bonus, make sure you do them when stated.
- Login to your new online casino account.
- Click “Cashier”, “Banking”, or similar.
- Find Visa under the deposit options.
- Enter the details from your Visa card (long card number, expiry date, name, security code from the signature strip on the back).
- Enter your deposit amount and any necessary welcome bonus codes.
- Click “Deposit”.
- Start playing your favourite casino games.
Frequently Asked Questions
Is there a minimum deposit/withdrawal amount at a Visa casino?
There is usually a minimum deposit and withdrawal amount when using Visa at an online casino. This will vary from venue to venue but is often as low as $5 or $10.
Is there a maximum deposit/withdrawal amount at a Visa casino?
Similarly, there are usually maximum transaction limits when using a Visa casino and they will be different for each venue. However, the limits are usually in the tens, if not hundreds of thousands of dollars and therefore are largely irrelevant for most players.
Can I use Visa to claim a welcome bonus?
Yes! In fact, most online casinos would prefer you to use a Visa credit or debit card payment since service providers using Visa will usually require that users complete extensive know-your-customer and anti-money laundering checks prior to issuing their cards.
Is it safe to use the Visa card associated with my personal bank account at a Visa casino?
Generally speaking, yes, it is safe. Most online casinos use advanced encryption techniques to safeguard player data. However, if you are paranoid about submitting potentially sensitive information to an online casino, you can always use a pre-paid card or e-wallet service.
Do all online casinos accept Visa?
Not every online casino accepts Visa but we’d guess that more than 99 percent of them do. There are a few notable exceptions, such as Bitcoin/cryptocurrency-only casinos. However, on the whole, it’s in casino operators’ interests to accept this hugely widespread payment method.
What should I do if I lose my Visa card?
If you lose your Visa card, the first thing you should do is cancel that card via the service provider that issued it. Most banks will have a “report missing card” phone number to call or they might have similar reporting services via their online support.
People can use your card at certain services with just the information on the card. Similarly, they can spend using contactless functionality. You should try to report your card missing as soon as possible to avoid the loss of funds.
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