The Complete Overview of Visa Betting Sites
Visa is one of the most recognisable brands in the world, and millions of people use a card daily. Accepted at just about every sports betting site, it combines instant transactions with state-of-the-art security. In our guide to Visa betting sites, we will cover all the basics such as how to deposit and give you more information on the company itself. As not all bookmakers are the same, we rate the experience when Visa betting. We consider the welcome bonus, any limits on deposits or withdrawals, processing time, the quality of the website and over 50 more ranking features at betting sites that accept Visa.
Our site features over 40 online sports betting sites, and we have re-visited our reviews on the operators to determine who are the best to use with Visa. Asking the questions that we know are important to you, such as, “what is the minimum deposit amount when using Visa”, “how long does it take for my winnings to be deposited in my bank account?”, do I get a welcome bonus if I use it to make a deposit?”. These are just a few of the many, many tests and researching that we perform to identify the best Visa betting sites.
Essential Information That Every Bettor Needs
One of the main considerations when choosing a payment method, such as Visa is one of cost. Does the card provider, or the online betting site, charge for depositing or making withdrawals? Even a small modest charge can soon add up if you make several withdrawals. As every payment has pros and cons, in the next sections, we investigate what is good and what is bad about using a Visa card at online betting sites.
Fees and Processing Times
In this section, we compare the fees and processing time for both deposits and withdrawals at our four chosen sites. We have gone through the terms and conditions of each bookmaker to investigate if any charges will be made. We also find out the minimum and maximum sums you can deposit and repeat this process for making a withdrawal. We also investigate the time scales for depositing with each of the bookies. You can find our results in the table below;
|Operator||PAYMENT||Processing Time||Limits Min/Max||Fees|
|Ladbrokes||Instant||£5 – £99,999|
|1-3 banking days||£0.01 – £30,000|
|Betway||instant||£10 – £99,999|
|1-3 banking days||£10 – £99,999||888sport||Instant||£10 – £99,999|
|1-3 banking days||£3 – £25.000|
|bet365||instant||£5 – £20,000|
|1-5 banking days||£5 – £20,000|
As you can see from the table above, none of Ladbrokes, Betway, Bet365 or 888sport charged their customers to make deposits, the same was also true of making withdrawal requests at the best Visa betting sites. Ladbrokes are the most friendly if you are betting on a budget, they allow you to deposit just £5, and in reality you can always withdraw any of the money in your account as the minimum deposit amount is just a penny! This figure is £10 at Betway, £5 at Bet365 and £3 at 888sport.
The Pros and Cons of Using Betting Sites that Accept Visa
The pros and cons of using a Visa card at an online betting site are always going to be one-sided. After all, you don’t become one of the biggest companies in the world be having many weaknesses! The strengths, however, are quite easy, to sum up.
Speed – in almost 100% of the time, your deposit will be instant, although bookmakers do say allow 24 hours, in years of betting using Visa we have experienced a delay once. Cost is another factor with no charges for depositing or withdrawing. The ability to use your Visa card at almost every bookmaker is another huge plus.
As you can see from the graphic above, it’s much easier to think of positives than weaknesses; this doesn’t mean however that Visa betting is perfect as there are a few things we don’t like. Having to share your credit card details with a 3rd party, even if secure, is not ideal. History has shown that data breaches can occur and the more companies you share your details with; the albeit small chance of compromise does increase. You will also find that the type of Visa you own can make a big difference in the level of protection you are afforded; debit cards have less protection than credit cards. And, like many people who gamble regularly, we are frustrated that a deposit is made instantly, but the same technology in reverse takes days for funds to return to your account. Another concern within the online sports betting community is that the UK Gambling Commission is considering a ban of the use of credit cards to fund betting accounts.
Depositing Your Funds with Visa Betting Sites
Funding your online betting account using either a Visa credit or debit account is a straightforward and simple process which when setting up shouldn’t take any longer than five minutes. Once your account is up and running, topping up is a simple task that shouldn’t take any longer than 30 seconds. Once registered, you often only need to enter your three-digit CSV number to top up as all your credit card and personal information is retained. This means when time is of the essence, there are few better payment methods than Visa.
Step One: Log in to Your Bookmaker Account
To top up your online sports betting account, you, of course, need to have an account with a bookmaker. If you already have one, at this stage you need to log-in. If you don’t have a betting account set up, this is an ideal time to join one before we continue. Each and every bookmaker you see on this site is licenced and regulated by the UK Gambling Commission, therefore you can bet with confidence, For those who have an account, please log-in and access the ‘My Account’ section, this can be called different things at different companies but you’ll typically see your name or similar text to help.
Step Two: Select Credit or Debit Card
Once you have logged into your account, you need to access the bookmaker’s banking options. Once selected, you see opportunities to view your balance, transfer money from a sportsbook to a casino account, withdraw. You will also see an option to deposit, select that option. From the drop-down section, you will see a list of payment options. As we will be using a Visa card, choose the option that says Credit/Debit card.
Step Three: Enter your Visa Card Details
All that is required now is to select ‘add new card’. Some bookmakers, bet365 for example, allow you to scan your card details by utilising the camera on your smartphone or tablet. This is the quickest way to add a card as the fields will automatically populate, all you need to do is enter the three-digit CSV code that is located under the signature strip on your card. If you are unable to use the scan facility, simply complete the fields with your card number, expiry date, and the CSV code and select add card.
Withdraw Your Winnings – How?
As you’ve seen, it is a fast and straightforward process to add a card to your account at the best Visa betting sites. Once the card details have been entered, all your details are safely stored with the bookmaker, meaning you don’t need to re-enter your card details again. The same is also true when you wish to make a withdrawal. In this section, we explore the steps you need to take to receive a payment.
As you can see from the graphic above, requesting a withdrawal is a straightforward process and shouldn’t take more than a minute to complete. Simply log-in to your bookmaker account and access the banking section. Once done, select the withdraw option. As bookmakers require you to withdraw to the same card you used to fund the account, your card details should already be present. Confirm that the card details are correct and enter the amount you wish to withdraw, enter your password for security purposes and press the withdraw button. It really is that easy, within 1-3 working days (depending on the bookmaker) the funds will available in your account that is linked to your Visa card.
Security of Visa Gambling Sites
A payment method has to be 100% safe and secure to ensure public trust. Visa, like the betting sites themselves, have complicated security processes in place to prevent and detect fraud. They also must comply with financial regulations, which is imposed and monitored by the Financial Conduct Authority (FCA). All transactions are handled by one of four datacentres that are in Virginia and Colorado in America, London in England and Singapore. The Visa network can handle 30,000 simultaneous transactions every second, and each transaction must pass a check involving 500 variables with location and the spending habits of the customer automatically being checked.
A Short History of the Firm
|The Company at a Glance|
|Company Name||Visa Inc.|
|Headquarters||Foster City, California, USA.|
|Parent Company||Visa Inc.|
|Regulator||Financial Conduct Authority|
The company started life in 1958 under the name of Bank of America (BofA), changing its name to VISA in 1976. The company had early success by employing a now-outlawed tactic of mass mailing credit cards to consumers who hadn’t applied for them. Over 2 million cards had been distributed in San Francisco, Sacramento and Los Angeles by March 1959 as the company tried to become the first to offer the all-purpose credit card nationally.
This tactic would ultimately backfire on the company and lead to significant losses. The company expected a default figure on accounts of 4%, this would prove to be unrealistic and the actual figure was closer to 22%, and credit card fraud became a problem for both the company and law agencies. Losses at the time are estimated to have been $20 million, which would equate to roughly $173,863,667 today.
Today the company is in much better health, it’s revenue for the quarter ending June 30, 2019, was $5.840B, an 11.45% increase year-over-year. The 1.46 billion Visa cards in circulation generate more than $4.3 trillion in sales and are accepted in over 160 countries.
How does Visa Compare to Other Alternatives?
While Visa betting is still an incredibly popular payment method at online sites, it faces increasing competition from rivals such as PayPal, Neteller, Skrill and paysafecard. In this section we compare it to its main competition which is PayPal.
If you need a payment method that is universally accepted, then there is no comparison between the two; Visa is accepted at almost every online betting site. There are many bookies that do accept PayPal, but as the company charges retailers, this number is lower than that of Visa. Visa also wins the battle of cost; it doesn’t charge the consumer to pay or withdraw funds, PayPal does make a small charge in certain situations.
An area that PayPal does shine is keeping your financial information secure, PayPal never discloses your credit or debit card information, meaning there is theoretically less chance for your details to be compromised. PayPal can also claim victory in the processing time stakes, at some bookmakers, funds can be deposited in your PayPal account within hours, rather than days with Visa.
Betting with Visa – Fast and Simple
Whether you have just one bookmaker account or several, owning a Visa card is almost a guarantee that you can use your funds at an online sports betting site. Some card issuers offer loyalty schemes which can give you money back on your spending, including betting which is useful, some other payment methods such as Neteller also offer this facility.
- Fast and Secure Transactions
- World-Wide Acceptance
- Sophisticated Fraud Detection
Change can be a great thing, but the adage about not fixing something that isn’t broken rings true for us regarding Visa betting sites. For many years it has been our go-to payment method, and it has never let us down. As some bookmaker’s welcome and new customer bonuses are not available to e-wallet services, by using a Visa card you are ensuring you get the full online sports betting experience and the incentives as well. A review of the bookmaker’s current offers can be found at our homepage. Overall, it is a highly recommended payment method.
We love hearing your feedback and suggestions for our site, and if you have any questions regarding gambling sites, this review, sports betting account management or any other topic, you are welcome to drop us an email at email@example.com.
Can I have more than one credit/debit card registered with a Bookmaker?
Absolutely, you can add as many credit cards, debit cards or a mixture of both. Please remember though that the card used to fund the account will be the same card that withdrawals are made to.