Why Choose Visa for your Betting Site Deposits?
Visa has been around since the late 1950s, pioneering the use of electronic financial transactions. Up until then many consumers used lines of credit at many different merchants, but there hadn't been a credit service that covered transactions at multiple outlets. The incarnation that later became Visa changed that. Now, a consumer could use his Visa card at the grocery store, the gas station, and the hardware store, and at the end of the billing cycle could make just one payment, instead of one to each merchant.
Now Visa claims millions of clients around the world, and covers ten of billions of transactions annually with a total volume in trillions of dollars.
When it comes to funding Visa betting sites, there are a few concerns. Mainly, they involve where the online betting site is based, and where the potential bettor lives. In many places around the world this isn't a problem, But in the United States recent changes in banking regulations have made it tough – or should we say, “illegal” - to deposit or withdraw from online gaming accounts using conduits such as Visa.
For non-American Visa clients, the process is much easier. Most online books will accept funds from Visa accounts. However, there are always limits and fees, sometimes on both ends of the transaction, so potential bettors will want to do some homework and use the options that will cost them the least.
For Americans who are unable to use their Visa services to facilitate their online betting accounts they can try to use intermediaries, such as MyPaylinQ or Skrill. Accounts at outlets like these can be funded by a Visa card and can then be used to fund an online betting account.
However, there may be delays in getting money from one to the other and fees will be charged. Some online sportbooks also offer customers bonuses that help offset such fees.
This method also provides bettors with a buffer between their banks and the online betting sites, adding an extra level of security.
Visa Betting Sites – What to Look for Before you Deposit
A company like Visa, with millions of clients and a reputation to uphold, can be selective when it comes to which online sportsbooks it will allow to use its services. This means that a Visa logo on the “deposits” page of a Visa compatible betting site is essentially a stamp of approval.
Most online betting outlets that accept Visa are officially licensed big brands and often owned by well-known parent companies. As a precaution, we recommend potential bettors check for a license before sending money and/or personal information to any online sportsbook.
Books can be researched online for their reliability, gaming policies and external certifications of fairness. Potential bettors will want to check for shops with reputations for good customer service, fair dispute resolution and fast and hassle-free payouts. Doing a little homework up front can save online bettors a lot of potential headaches down the line.
Visa betting sites are among the biggest in the business with a huge clientele from all around the globe. So their betting offerings cater to this diverse contingent of bettors by covering a wide variety of sports.
A bettor will also want to become acquainted with the range of bets offered, betting limits, and the odds. Betting odds vary from book to book, but some of the larger shops are able to offer better odds, because of their overall handle. Racebook players will be very interested in the limits books place on their exotic payouts.
How do Other Betting Site Deposit Methods Compare to Visa?
Visa can be a quick and easy way to make deposits at Visa betting sites, but it may not be the best method for certain potential bettors. Much depends upon on an individual's specific circumstances; where they live, how much they like to bet, what they like to bet on, and the like. If speed is a concern, other online payment services may suit certain bettors better, such as bank transfers. The same goes for fees. Intermediaries can come in very handy, especially for Americans, and also provide a degree of security and confidentiality.