How to Use Prepaid Visa for Online Slots
Online casino payments revolve around the three pillars of payment methods — transaction fees, transaction time periods, and players’ security. Players will look at these terms when trying to decide the way they bank.
Nowadays, players are introduced with a stack of different options, but some continue to deposit and withdraw using their card due to the fact that they’re well acquainted with this payment method, and it hasn’t let them down so far. Let’s see whether this method of payment is still worth your trust when playing your favorite slot machine.
How Do These Payments Work?
Before we get into the advantages vs. disadvantages section, we would like to offer a good explanation of how this method of payment is used while gambling online.
Making a deposit using your Visa Card is a rather simple procedure, and you don’t have to be that tech-savvy to figure it out. Firstly, once you are at the Cashier section, you need to select your card as a method of payment from a menu that is usually highly visible on the page.
Next thing you need to do is enter your prepaid debit card number along with the security code that can be found on the back of your card. Think about the amount of money you wish to deposit and go for the ‘Submit’ button. If there is any need for an additional security code or any other banking information, the casino redirectes you to the provider’s site for further details. However, if that is not the case, you have successfully submitted your casino deposit, and all that is left to do is wait for your funds to appear on your online casino account.
Withdrawing your funds is also a straightforward procedure; however, not all online casinos accept this payment method. If they do, you should not experience any troubles with getting your money within 2–3 business days. Make sure to double check a casino’s withdrawal methods before you decide to deposit at the casino site.
Visa Advantages
Convenience
This is an essential feature of this method of payment since the main reason why players opt for online gambling is using this payment option. Most venues accept Visa as their primary method of payment. Credit and debit card payments have become a standard, and that convenience is a huge plus.
Bonus Incentives
It is no surprise that there are a bunch of bonus incentives offered to players that opt for this method. This especially applies to slot players since they are the ones who benefit the most in the form of free spins and other specially tailored incentives. The practice showed that the more you use your card, the more benefits will be thrown your way.
Security
Even though there are many other methods of payment that provide players with a much higher level of security, Visa users and their information have the benefit of being well protected. Players are assured that they are protected with the SSL encryption of data every time they gamble online. It is important to note that if you’re a frequent Visa Prepaid user, you are familiar with the fact that this card doesn’t have to be connected with a bank account, making your transactions even more secure and anonymous.
Visa Drawbacks
High Transaction Fees
The main issue behind high transaction fees is the fact that the providers treat deposits made by gamblers as ‘cash advances,’ and they charge you for it. Think of it as withdrawing money from an ATM — you need to pay for that transaction too. So, what does this mean for you as a regular slot player? This means that you should count on around 1.9% of your deposit to go to the third party taking care of your payment. If you are a slot player who tends to play at overseas online Visa casinos, you should bear in mind that your Visa payments will be subjected to the conversion rate too. Always count on additional costs when using a Visa prepaid card as your deposit method.
Transaction Periods
It depends on the slot venue and its regulations, but you can expect it will take at least 24–48 hours for your transactions to be processed. Even though it is a simple process, it usually takes at least two business days for banks to transfer your funds. If you play online during weekends, you could be looking at even longer transaction periods, which is not convenient at all.
Withdrawal Limits
The withdrawal procedure doesn’t take a lot of time; all you need to do is provide the venue with your ID verification, and it will take you a couple of minutes to finish the withdrawal process. But as is the case with depositing your funds, you will need to wait at least 48 hours for a cashout. Also, some slot sites don’t support Visa as a method of withdrawal so you will need to pay close attention to the Terms and Conditions of the site before you make a deposit there.
Conclusion
All in all, this method of payment has a set of disadvantages along with many benefits like any other method. If you are a slot player whose preferred payment method is Visa, you have inevitably come across casinos which do not provide this as a withdrawal option, but you must have also encountered many online venues that have it as their primary method of payment.
Acceptance rate and its convenience are some of the main benefits of this method of payment along with a stack of different bonus incentives made for avid Visa users who enjoy slots.
No matter what you decide, Visa remains the biggest name in the international world of financial transactions, and we don’t see this widely accepted method going anywhere in the foreseeable future.
