During the 90’s era, as the popularity of Visa cards began skyrocketing, there was a revolution occurring in the addictive world of Internet gambling. As such, the boom in the number of participants is the primary reason for the profitability of this sector. Furthermore, it became one whereby, a broad range of brands were in stiff competition with each other to offer participants an unforgettable gaming experience.
Visa card users can conveniently conduct electronic payments. With that in mind, it should come as no surprise that a plethora of web-based gaming platforms offers this method as a quick and easy solution for their clientele to make real bankroll deposits. It is safe to say that a multitude of people registering in the broad range of Internet casinos as well as sports book sites certainly have an available credit/debit card.
While credit/debit card payments may be a preferred method for a myriad of online gamblers, there is a coterie of factors which you ought to take into consideration as well.
As you know, depositing funds into an Internet gaming account via your debit/credit card is considered a real money transaction. Thus, the issuer can add extra transaction charges which you must pay. In instances of an interest-free purchase agreement, the payments into your web-based gambling account are marked as separate and therefore, can be the subject of concern in addition to a given cost.
Bearing that in mind, we will delve into a coterie of the charges that you may incur which is inclusive of the disadvantages of using your Visa card to wager.
- Interest Fees – For a fact, you require to take care of the corresponding interest charges when getting involved in Visa online slots, more so if you fail to eliminate your balance upon receiving your bill. As a cash transaction, this is exclusive of any interest-free period or rates in the agreed terms and conditions. Furthermore, the interest is usually monthly in addition to the costs and can be as high as 30%. Therefore, it is vital that you are acutely aware of the terms and conditions which come with your transaction and always practice responsible gaming.
- Cash Advance Costs – There is no doubt that a plethora of Internet gaming operators will hit their clientele with guaranteed cash advance costs. Irrespective of the fact that these transactions are relatively money transactions, the owners treat them differently from the regular retail purchases. In turn, this automatically means that players require paying an additional amount to their visa card issuers and ensure that they adhere to any terms and conditions before conducting any transactions.
- Lack of Withdrawals on Visa MasterCard – Regardless of the fact that there is a myriad of credit/debit cards in the industry it is safe to say that a majority are Visa cards. Using a Visa MasterCard to put down deposits into your gambling is as easy as reciting your name. However, the pitfall comes in when it is time to withdraw your earnings, and you realize you are unable to do so. Thus, this means that you require looking for alternative retrieval methods.
- Convenience – When it comes to partaking in the addictive world of internet gaming, a cornucopia of participants use their cards to make down payments into their accounts. To make a payment, all you have to do is type in your billing address, the CVC (Card Verification Code) at the back of your card, and the expiration date. The primary reason for this is that it is a tad easier to use your Visa card to deposit some bankroll to your account, rather than create a new account with alternative payment methods such as Skrill and PayPal.
- Swift Processing – For a fact, varying payment alternatives have different processing durations. As such, this means that depending on the method you pin down, you may end up waiting for quite a while for the casino to credit your earnings to your account. However, with Visa credit and debit cards, the processing of withdrawals occurs in a short span of time (usually three business days).
- Bonuses – The top visa online casinos run the gamut from Bet365, Unibet, and Casino Luck among others. Thereby, these casinos tend to offer their players special bonuses on all Visa slots as a token of appreciation. As always, these different promotions offer gamblers the opportunity of winning big.
- Safety – With Visa, your credentials are 100% secure as the company offers its clients phenomenal protection against fraud. However, when implementing this method of payment in the Internet gaming platform of your choice, it is also vital to ascertain that the gaming site is a reliable one with an excellent reputation. Doing so prevents you from finding yourself in the pitfall of online scams.
Keeping in mind all these factors, you can choose Visa to process your payments with confidence!