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
- 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.
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
Payment Methods
Available Currencies
Main Benefits
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.