Visa Cards Online Casinos
People who typically pay at shops and on the internet with their Visa card will be happy to know they can use the same payment options when sending and receiving money in online casinos–and all of these is performed with supreme comfort, quality and security. Nowadays, this online banking tool is the top choice for many punters in Nigeria since it boasts of many benefits, from high credit card limits and fast transactions to the general reliability of the entire banking network. Visa does not act as a card issuer, authorizing banks around the world to do so. Considering this, many financial institutions often introduce certain limitations that customers should know before any gambling transactions.
Visa deposit to online casinos
To have your funds transferred from a bank account to an online casino, you should first create an account with that casino (browse our top list to find one), click on the Deposit (or Cashier) tab and pick a credit card option (it is often shared with all credit card brands). From there, you are asked to fill out a few mandatory fields such as Name and Card Number. Make sure to enter correct information. Before specifying the amount you want to deposit, keep in mind online casinos that accept Visa typically establish limits, that you must be aware of. Upper and lower limits are about $4000 and $10 per transaction or so. In most situations, casinos offer you to deposit in Naira (otherwise, pick any other currency).
Visa withdrawal from online casinos
Cashout from gambling sites is intuitive and requires little effort. You just follow similar procedures as you did for deposit. Before creating a withdrawal notice, be sure to have submitted all personal documents for the initial verification, which is required by all legal online casinos in Nigeria and other countries. Also consult the terms and conditions of the online casino to understand the minimum and maximum limits that you need to stick to.
Visa card fees and speed of transaction
When transferring money within the Visa network (from an individual to the merchant), a transaction is free. This means all deposits to online casinos occur without any charges. When it comes to receiving your winnings from online casinos with Visa, some venues do establish small fees, which usually vary between 1% and 3%. This happens because merchants have to pay some service fees, and they shift this obligation to their customers.
Naira and other monetary units are sent across the Visa network almost instantly, regardless of the type of card used, Debit or Credit. When you try to withdraw money from online casinos, you will normally have to wait much longer, up to a few days, because of mandatory inspections and financial audit carried out by online casinos in relation to their customers.
Visa pros and cons
The global corporation connects billions of individuals, organizations and businesses. It offers so many advantages and benefits that online casino players will certainly like this payment option in their gambling transactions. A short list of major pros is as follows:
- Wide acceptance of Visa Credit/debit/gift cards in many casino sites and sportsbooks in Nigeria
- Suitable for deposit and withdrawal
- Free and fast access to customer assistance service in case any problem occurs
- Unbeatable safety and security of transactions due to many advanced features put in place: OTP, two-step authentication, etc.
- Spending limits on credit cards can be easily increased at a customer’s request. Debit cards have no limits of this kind
The pitfalls specified below are basically incidental to the nature of cards as a banking product. In fact, there are just a few minor drawbacks, and all of them do not tamper with the overall casino experience:
- Some banks in Nigeria reject Visa deposit or cashout associated with gambling sites
- In many situations, Visa withdrawal may take up to a few days
Summary: Visa in the gambling fields
Since Visa is an international payment service provider, credit cards of this powerful brand are found in almost every trusted and reliable gambling site. Featuring friendly transaction limits, Visa cards appeal to many players in Nigeria. All payments can be done on the go, with any mobile device that you want.