Visa Electron Payments for Online Casino Deposits and Withdrawals

Visa ElectronVisa Electron, introduced in 1985, is a sister card to Visa Debit and available in most countries. Notable exceptions include Canada, the US, Australia and Ireland. A difference between Visa Electron and Visa Debit is that the funds must be available in the account at time of transfer in the case of Visa Electron meaning you normally can’t go into overdraft. Visa Debit cards, typically can go into overdraft up to a certain amount. Outside of the aforementioned countries, Visa Electron is usually readily available.

Pros:

  • Since Visa Electron will not allow you to go into debt, it is a good way of controlling your spending, since you cannot transfer more funds than you have
  • Your transaction history is transparent, since they appear on your bank statement
  • Transactions are fast, safe and secure

Cons:

  • This method is not the most discreet, since your transactions are itemised on your bank statement
  • This method requires you to enter bank details

Online Casinos with Visa Electron Payments

Here are our top picks for the best Casinos that accept Visa Electron for payments. These casinos have been tested and reviewed by us, and you can find more information in the respective reviews.

Casino Rating Highlights Links
Genesis Casino 9/10 ✓ fast payment processing times
✓ many promotions and tournaments
✓ over 1,300 games
Casino Joy 9/10 ✓ 24h payment processing
✓ popular game providers
✓ over 1,300 games
Sloty 9/10 ✓ good bonus conditions
✓ reliable operator
✓ over 1,300 games
Spinit 9/10 ✓ great game selection
✓ fast payments
✓ over 1,300 games
Vegas Hero 9/10 ✓ Fantastic VIP-Experience
✓ many interesting games providers
✓ over 1,300 games
Casino Cruise 9/10 ✓ fantastic game selection
✓ fair wagering requirements
✓ over 1,300 games

How Visa Electron works?

A Visa Electron card is available from participating banks with the exception of banks located in Canada, the US, Ireland and Australia. The card is linked with your bank account, much like a Visa Debit card is. Once a payment is instructed, the payment provider will check to ensure that the funds are available in your account prior to approving the transaction and debiting your bank account. Depending on the type of bank account that you have, you may or may not go into overdraft.

Visa Electron deposits

The steps involved in making a deposit with Visa Electron to an online player account are straightforward and pretty easy. You first need to first choose the payment method. Input the amount of the transfer and confirm the transaction with your card details. You may or may not need your Visa secure code confirmation or online password as part of the authentication process. Once these steps are completed the funds should appear in your player accounts within a few seconds. Remember that your transactions will be recorded on your bank statement so if you require an increased level of discretion and then we suggest you use another method to deposit funds. An e-wallet such as Neteller or Skrill does the trick as it is fast, easy and free.

Visa Electron withdrawals

One of the drawbacks of using Visa Electron is that it is not possible to withdraw your funds from your player account. This means that you will need to use a bank transfer or other method when withdrawing your funds.

Visa Electron fees

Although it is usually free to use Visa Electron, you should still consult your bank’s policies to determine whether any charges are applicable. Fees are applicable to foreign currency transactions, the magnitude of which you’ll find in your financial institution’s terms and conditions. Some casinos also charge deposit fees, you’ll be able to see them in our reviews, or on the website of the casino.

Summary

Visa Electron is a fast, safe and secure method of depositing funds into your online player account. With the expertise and resources of the multinational financial services firm Visa, it is accepted by many online casinos and a good way of controlling your spending as you cannot spend funds that you don’t have. Using the card does have some drawbacks which include possible fees, less anonymity and the inability to use it as a method of withdrawing funds from online casinos.

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