Visa is the world’s leading credit card provider and one of the most recognised and trusted as well. Accepted in over 200 countries, it is one of the most-used banking methods for online bookmakers. This is also the case for Australia, where all the top bookies accept Visa as a form of payment.
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Best betting sites for Visa payments
Every one of our recommended online bookmakers supports Visa betting transactions, including:
Visa is widely recognised as one of the best ways to fund online bookmaker accounts. Visa payments are subject to the minimum and maximum deposit limit at bookmakers, as they have different policies when it comes to those amounts. One of the biggest advantages of using Visa cards at Australian bookmakers is that the transactions are 100% safe and secure. Not only is Visa a trusted brand, but all of the bookmakers that take the card as a form of payment use 128 Bit SSL (Secure Socket Layer) encryption technology, which means your personal and financial information is totally secure.
How to make Visa deposits at online bookmakers
Making Visa deposits at Australian online bookmakers is very simple. The first thing you have to do is find a reputable online bookmaker, sign up and then head to the banking section of the site. Then you will:
- Click on the ‘Deposit’ button at the online cashier
- Pick the ‘Debit/Credit Card’ option as the preferred payment method
- Enter details such as the credit card number, security code, and the amount of money you want in your online bookmaker account
- Review the information provided and confirm the payment
Funding an online bookmaker account with Visa is a quick and painless process. In a matter of moments, you will see the funds in your account and you are ready to make wagers. Visa online bookmaker payments are processed instantly, so there is no waiting time from when you make the deposit to when you can begin to wager on the site.
Not only do all Australian bookmakers accept Visa, but they will also accept Visa debit cards and Visa gift cards as a method for deposits. Some of the bigger online bookmakers, such as Bet365, Ladbrokes, and Sportsbet, also have their own Visa cards.
Making Visa withdrawals at online bookies
While Visa is accepted for deposits at all Australian online bookmakers, and pretty much all around the world, making withdrawals with the well-known credit card is a different matter. There are some bookmakers that accept Visa as a withdrawal method, but not many. This is because several of the major banks in Australia have restrictions in place when it comes to using a Visa card for the withdrawal of funds from an online bookmaker account.
Bet365 is one sports betting site that supports withdrawals and deposits with Visa cards. Most bookies prefer to make payments with standard bank transfers, while some also have branded cashout cards that can be used at ATMs.
Other drawbacks to betting with Visa cards
As above, the main drawback to using Visa cards for gambling is that most online bookmakers in Australia do not accept it as a withdrawal method. Sometimes, to prevent credit card fraud, the bookmaker will require you to send them a scanned copy of your Visa – a minor inconvenience for the sake of security, but an inconvenience nonetheless. For most Australian bookmakers, there is no fee when making deposits into your account, but there are some banks that will apply a cash advance fee, which is very small.
Do Visa bookies charge transaction fees?
There are typically no fees when depositing money into an online betting account, but banks may ask for a small cash advance. There are also limits for deposits and withdrawals when using a Visa card and they will vary from bookmaker to bookmaker.
A short history of Visa
Visa’s story began in 1958 when the Bank of America began to issue credit cards to people in the state of California as part of the BankAmericard program. In 1965 the bank began making agreements with other banks outside California to issue credit cards. In the 1970’s BankAmericard was available all throughout the United States and in 12 countries and in 1974 IBANCO, a multinational member corporation, was established to manage the worldwide BankAmericard program. To bring all of the networks into one global one, in 1976 the BankAmericard card was changed to VISA USA and IBANCO was turned into Visa International. The name Visa was chosen as an internationally known word that would suggest the card would be universally accepted. ‘VISA’ stands for Visa International Service Association.
Why should I use Visa for bookmaker deposits?
There are quite a few reasons to use Visa to fund your online betting account:
- No transaction fees on your bookie deposits
- Accepted at all licensed Australian betting sites
- Instant processing and no waiting times
- Safe and secure banking method
- Trusted brand that is accepted in over 200 countries
- Generous deposit and withdrawal limits