UK betting has changed in many ways. 2020 saw the UK ban on credit card deposits at betting sites, including Visa credit cards. Online customers still want a reliable way to deposit and withdraw. Fortunately, Visa debit is still a trusted and reliable payment method.
We will break down the pros and cons of Visa payments, fees you may encounter. Plus, how Visa compares to similar payment types, and alternative bookmaker payment options.
Pros & Cons of Visa as a Payment Method
Visa is likely to be the first choice payment method for many bettors. First, it’s widely accepted at every major sportsbook and casino. Where you can make instant deposits and easily request a withdrawal. These payments are processed quickly and supported by SSL encryption and fraud detection.
Many bettors already have a UK bank account that comes with a Visa debit card. So, you can get started at bookmakers like Bet365. And Visa deposits typically qualify for new customer welcome offers and follow-up promotions. Although, always check the bookmaker’s terms before playing.
- Visa Pros
- Convenient – use your Visa debit card
- Fast and secure payments
- Widely accepted
- Qualify for bonus offers
- Visa Cons
- Potential blocked transactions
- Withdrawals are not instant
- Lack of privacy on bank statements
- Possible currency & foreign exchange fees
Does Using Visa Require an Account?
You will need a Visa debit card to make Visa betting transactions. This card usually comes with a UK bank account, or you can open a new bank account using your personal information and ID. Simply activate your Visa debit card before depositing, and you’re all set.
Visa Deposit
To make a deposit at Visa casinos or sports operators, follow these steps:
- Log in to your bookmaker account, or sign up as a new player.
- Once logged in, from the account menu, choose “Deposit” then “Visa” or “Debit”.
- Type the amount to deposit, check your Visa card details (card number, expiry date, and CVC/CVV) and click to confirm the deposit.
- Verify the payment if asked by your bank, card issuer, or 2-step authentication device.
- Your money will be deposited into your betting account almost immediately. This deposit process is also simple on a mobile device.
Some bookies let you make Visa deposits from £5. From there, you place bets at the bookie or casino website.
Please note. Before your first deposit, you might need to verify your bookmaker account. Submit your photo ID and proof of address documents.
Visa Withdrawal
Visa makes it easy to withdraw any winnings back to a UK-registered Visa card in your name. But you must withdraw using the same Visa debit used to deposit.
To withdraw your cash to a Visa card, use the following steps:
- Go into the “Banking” or “Cashier” area of your betting account.
- Click on the “Withdrawal” option and press on “Visa”.
- Enter the amount you want to take out. Check your card details are up to date and correct, and click “Withdraw”.
Wait 1-5 working days for the money to arrive in your bank account. Like deposits, withdrawals work equally well on your mobile as on a desktop computer.
Visa Fees in the UK
Most UK sportsbooks and casino sites do not charge fees for using Visa payments. But please read the terms before transacting. Some smaller betting companies may charge a small percentage deposit or withdrawal fee.
Do you make gambling site payments in other currencies? Your bank may add a foreign transaction or currency conversion fee.
How Does Visa Compare to Other Payment Methods
Most licensed UK bookmakers accept Visa payments. By contrast, e-wallets like PayPal, Skrill, and Neteller are not as widely accepted.
Visa debit deposits process immediately, so you can start playing right away. At the same time, bank transfer deposits can take many days. Visa 3D Secure (Verified by Visa) verifies your deposits, bringing added protection. Some e-wallets like PayPal may not offer this added payment protection. Visa withdrawals are faster than a bank transfer, so you can access your winnings quickly. However, Visa withdrawal transactions are usually slower than payments made via e-wallets.
Visa debit card deposits usually qualify for welcome offers and ongoing bonuses. But lots of UK bookmakers exclude e-wallet deposits from bonus offers.
UK gambling websites don’t typically charge for Visa transactions. However, some e-wallets and prepaid cards can incur transaction or withdrawal fees.
Visa Alternatives
Some bettors don’t want to use their main Visa card for betting. Mastercard or Revolut offer alternative debit card options. Have you considered EcoPayz, PayPal, or Skrill? These modern payment methods offer quick and user-friendly payments for your online betting.
How to Choose a Visa Betting Site or Casino
Are you looking for the best Visa betting sites and Visa casinos? Keep an eye out for these important factors.
- Licensing – Only play at a betting operator that’s licensed by the UK Gambling Commission (UKGC). Then you are transacting and betting at a fair and secure website.
- Bonuses & Promotions – Check the terms and conditions to make sure the site accepts Visa to qualify for sign up and reload offers.
- Fast transactions – As well as instant deposits, find a site which processes your withdrawals within 3 days.
- UX, sports coverage & markets – The best sportsbooks have a variety of betting markets, competitive odds, live streaming and real-time stats.
- Trusted brand – Does the casino or sportsbook have positive reviews? And do your friends and the gambling community recommend the operator?
Common Problems & Solutions When Using Visa
- Deposits not showing – Wait for the site to refresh your balance. If the issue persists, contact the bookie’s customer service to resolve it.
- Pending withdrawals – Sometimes, a bookmaker may hold your withdrawal request as pending. They need to verify your identity. No matter the problem, again reach out to a bookmaker’s customer service first.
- Account verification – As stated before, bookies must perform customer identity checks to meet regulations. If you have a verification issue, email the bookie or go to live chat. You may need to upload fresh copies of ID or proof of address.
Final Verdict – Is Visa Right for You?
Visa is one of the best betting payment methods. You likely already have a Visa debit card. It offers instant deposits, usually no fees, and access to bonus offers. Although Visa card gambling payments show on your bank statement.
Overall, Visa offers fast and completely secure betting payments. Backed by a well-established payment network and trusted by every major betting company. Giving you the assurance to make payments and start betting with no fuss.
FAQ
Is Visa legit and secure?
Visa is a long-established payment provider for online betting. Transaction security is excellent. With SSL encryption and features like 3-D Secure (Verified by Visa) to confirm payments.
Is Visa a common payment method among UK betting sites?
Visa is one of the most popular payment methods at UK bookmakers. You can find it in the banking section of all major gambling websites.
Are there any fees for using Visa?
Visa, as a gambling payment method, does not usually involve any fees. But watch out for some bookies who add charges for each deposit or withdrawal. Also, paying in non-GBP currency could attract bank transaction or conversion fees.
Are there any bonuses and promotions with Visa?
Visa deposits usually qualify for bookie promotions. From welcome offers to regular customer promotions.