Online casinos continue to tap into the growing market of digital payments, which are facilitated by popular online payment systems, including VISA Inc. The firm, VISA has over the years, proved its mettle in facilitating cross-border transactions and implementing payments across a section of online marketplaces using its robust digital payment services.
Among the list of payment options offered by VISA Inc. is VISA Electron. This is not an everyday online payment system, because it is not only efficient but is a strong competitor to VISA's closes rival and robust online payment system of its standing, MasterCard. VISA Electron is a debit card offered by VISA, which is similar to the VISA debit card and a strong opponent to the MasterCard Maestro.
As already noted, the VISA Electron is offered as an online payment service that is not limited to online stores, as it is also used in making payments at online casinos. This debit card is similar to the VISA debit card because of the DEBIT ONLY function but is different from the same because of the inability to overdraw funds. This implies that VISA Electron users can only load the card with the amount they wish to spend.
The VISA Electron debit card is permissible in regions and countries that have relaxed laws and regulations on the operations of online casinos. On the other hand, this card that was launched as a sister to the VISA debit card is ideally accepted in the Eastern and Central parts of Europe. Other supported regions include the Middle East, and Sub-Saharan Africa except for the US, Australia, Ireland, and Canada.
The VISA Electron can be purchased online at the official VISA website or designated offline service channels, including banks and other supported financial institutions.
After signing up for and getting the card, you would have to locate an online casino that accepts VISA Electron as a payment method. When done, proceed to the casino’s cashier page, where you would select VISA Electron as your preferred payment option.
It is important to note that the process of funding your online casino account with VISA Electron is similar to the process used for every other credit or debit cards. So, after choosing it as your preferred mode of making deposits, you can proceed to supply relevant details, including the card’s number (the 16 digits at the front), and the CVV (the 3 digits at the back). You would also be required to provide the cardholder’s name, cardholder’s billing address, and the card’s expiry date.
Enter the amount to deposit when prompted and wait for some moments while the operator/online casino confirms the payment and credits your betting wallet.
Provided that you have won some money from your previous betting, you can withdraw the funds using your VISA Electron debit card with the same method as the deposit. This time, you need to pay attention to the casino’s minimum and maximum amounts to withdraw. If you’re clear with that, you would then enter the amount you wish to withdraw alongside your VISA Electron debit card details (as noted in the deposit option).
The VISA Electron debit card is mostly the players' choice because of the innovative way of keeping them away from extravagant spending. By allowing the preload of funds to spend at a go, casino players are certain of maintaining some financial decorum when betting, courtesy of the VISA Electron debit card.