Visa Casino Payment Solutions

Table of Contents

History
Visa Updates
How to Use Visa in Online Casinos
Pros and Cons
Regions
Payment Methods
Available Currencies
Main Benefits
Player Experience
Customer Support
Minimum Deposit and Withdrawals
Security
Licenses
FAQ

Visa is one of the world’s oldest payment institutions and a leader in digital transactions. The company operates in over 200 countries and territories and connects businesses, individuals, and entire payment systems through its network, boasting a total volume of $14.1 trillion.

History

Visa was founded by Bank of America (BofA) in 1958 when it launched the first credit card program in the U.S. The company expanded to the international markets in 1974 and released its debit card in 1975. Visa Inc., a global financial powerhouse, was formed in 2008 when several regional businesses merged. It went public in one of the largest IPOs in history.

Over the years, the company has implemented various innovations through its Innovation Program, from cashless payment processing to mobile payments. Moreover, Visa hasn’t stayed immune to the rise of cryptocurrencies. In 2020, the company became the first major payment network to settle payments in USD Coin, a stablecoin backed by the U.S. dollar.

Visa Updates

December 2020 — Asia Pacific Accelerator Program: Visa launched an accelerator program in the Asia Pacific to enhance the financial technology ecosystem, which could influence payment technologies in online gambling.
February 2021 — Partnership with First Boulevard: Visa partnered with Neobank First Boulevard, potentially impacting digital banking solutions in sectors like online gambling.
March 2021 — Stablecoin USDC Acceptance: Visa began settling transactions with the stablecoin USDC, integrating cryptocurrency into mainstream financial operations relevant to online casinos.

August 2022 — 4 Billionth Token Issued: Visa’s issuance of its four billionth network token marked a significant advancement in securing digital transactions, crucial for online gambling platforms.
September 2023 — Expanded Stablecoin Settlement: Visa expanded its stablecoin settlement capabilities with Circle’s USDC, involving merchant acquirers Worldpay and Nuvei and using blockchain technology, which could modernise transactions in online casinos.

How to Use Visa in Online Casinos

Using Visa in online casinos doesn’t differ much from your everyday use of Visa cards in e-commerce. Here are the steps customers must follow in order to complete casino deposits:

Go to the Cashier section of your casino account.
Click on the deposit options and select Visa.
Input the amount you wish to deposit.
Insert your card number alongside the 3-digit CVV code at the back of your card to initiate the transaction.
You’ll be redirected to your bank’s page, where you’ll be prompted to insert an OTP (one-time password) number sent to you via SMS using the phone number you provided during bank registration.
Insert the OTP code to confirm the payment.
The funds should reach your casino account momentarily.

Note that casinos don’t usually charge any fees for Visa transactions, but your operating bank might.

Pros and Cons

Pros

Renowned financial institution
Widely accepted in all gambling jurisdictions
Bank-level security
Increased payment limits
Low fees

Cons

Withdrawals not supported

Regions

Visa’s presence is truly global. From the United States of America to the European Union and the United Kingdom — plenty of markets support Visa’s debit, credit, and prepaid cards for all types of financial transactions, including casino payments where local jurisdictions and laws allow it. The current total of countries and territories where Visa is available is over 200 and growing.

Payment Methods

Visa offers three modes of payment: debit, credit, and gift cards. All of these contain unique card and CVV numbers needed to complete casino transactions. In the coming years, we can expect Visa to accept settlements with both digital assets and fiat currencies, executed in the same way as the foreign currency exchange system that’s already in place.

Available Currencies

Visa supports transactions in over 160 currencies, making it a global payment powerhouse.

Main Benefits

Integrating the Visa payment method into any online casino entails multiple benefits, including:

Widespread acceptance

— Visa is widely accepted by online casinos globally, making it convenient for players to make deposits and withdrawals.

Quick transactions

— Visa facilitates instant processing of deposits, whereas withdrawals can be processed within 3-5 business days.

State-of-the-art security measures

— Visa employs robust security features such as encryption, fraud monitoring, and the Zero Liability policy, which protects cardholders from unauthorised charges. There is also Visa Secure, a system that adds an extra layer of authentication for online transactions. These measures significantly reduce the risk of fraud, providing a secure environment for online casino transactions.

Players can claim rewards and bonuses via Visa

— Unlike Neteller and Skrill, Visa is suitable for claiming all types of deposit bonuses. What’s more, players will see specialised campaigns for Visa payments.

Player Experience

Visa is a staple in the online gambling world, known for its widespread acceptance in most casinos across various jurisdictions, highlighting its reliability and trustworthiness. The ease of finding an online casino that accepts Visa Players and their familiarity with the cards is one thing. Instant processing times and minimal fees to virtually no fees for transactions made through Visa are another.

Additionally, the Visa Secure system and Zero Liability policy boost the payment method’s overall protection systems.

Moreover, using Visa often comes with the perk of claiming bigger bonuses in many online casinos.

Customer Support

Visa offers comprehensive customer support services to ensure cardholders receive assistance when needed. Visa’s customer support is reachable via various channels, including a 24/7 customer support hotline, email, social media, and more. There are also resources to address a wide range of issues, including account inquiries, transaction disputes, lost or stolen cards, and more.

It’s important to note that while Visa provides customer support services, financial institutions, such as banks, are primarily responsible for managing cardholder accounts and addressing specific concerns. As a result, cardholders should first contact their card issuer or financial institution for assistance before reaching out to Visa directly.

Minimum Deposit and Withdrawals

The minimum amount you can deposit and withdraw using Visa depends on the online casino in question, not the payment provider. The usual minimum is €10.

Security

Visa employs advanced security measures to protect all your transactions. These involve multiple layers of protection, including Visa Secure encryption systems, Visa Advanced Authorisation, an anti-fraud system powered by AI that monitors all your transactions and activities in real time, and the Zero Liability policy that covers all the expenses in case your card gets stolen or is fraudulently used.

Licenses

Visa holds licenses and certificates from the leading financial institutions in every country where it operates.

FAQ

Can you use Visa cards to make payments in casinos?

Absolutely. Most online casinos support Visa payments, regardless of whether they are processed via credit or debit cards.

Can you use your Visa to make a withdrawal from a casino?

No, Visa cards are used solely as a deposit method. For withdrawals, you will be required to use alternative methods, such as bank transfers.

Are Visa payments safe?

Yes, all Visa transactions are protected with the latest SSL encryption systems. What’s more, the payment processor has an active Zero Liability policy that covers all expenses incurred as a result of fraudulent activity.

You can purchase this product from SoftGamings by contacting our consultants.

White Label

Will suit those who seek a cost-effective and fast solution.

Bitcoin Casino

Developed in the same way as White Label, but with the difference that it is targeted at cryptocurrency markets.

Turnkey Casino

Offers wide customisation possibilities, including design and functionalities.

Self-Service

The Softgamings unique service which allows your own IT team to develop a customised casino.