Visa is one of the most recognized electronic payment methods in the world. The card is an intermediary and facilitates transactions between two parties (cardholder and merchants). It has proved its dominance with the huge amounts of transactions processed each year worldwide. The debit card and the credit card are the two types of Visa Inc cards. Banks and other financial institutions issue many customers with a debit card. Customers can access their bank accounts using the debit card on ATMs and local POS (Point Of Sale) networks. However, it must have money first to be usable and attracts higher interest versus the credit card.
While the credit card is for customers that have excellent credit ratings or worthiness. Credit card consumers enjoy low-interest rates and cash back rewards. Each financial institution has its terms and conditions of issuing the Visa cards. The risk of issuing the card lies in the hands of the financial institutions.
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Consequently, the use of Visa has increased greatly due to a continuous increase in the number of online business that accepts Visa payment. There are over 25 million businesses or merchants that accept these cards around the world and more online traders are growing on daily basis. This electronic payment company is also popular and used by many people in South Africa. This makes it the most famous payment method used by South African online casinos and players. All online casinos recognise it as a payment method for customer conveniences.
It differs from casino to casino as some accept both deposits and withdrawals while others are only deposit takers. Using Visa funds transfer method at online casinos is safe and secure, funds transfer to your online casino account is instant. It seems like you are able to play real money games within a short period after making a deposit.
How to use Visa to fund your online casino
After you have chosen your favourite online casino making deposits and withdrawal is fast. Create an account if you don’t have one, go to payment methods. The payment methods are usually written under casino cashier and then select the Visa option. Enter the amount you want to transfer. You’ll be required to provide your card details including the CVC or CVV code located on the back of the card. This code is last 3 digits that allow you to continue with your payment. If the online casino allows you to withdraw winnings straight to your card, you can use the withdrawal option. Many South African banks offer their electronic card with Visa options. South African online casino game players enjoy Visa card benefits of funding their account instantly, it is safe and secure.
For more on South African casino banking methods, read our comprehensive guide.