Visa Electron Casinos
First launched in the mid-1980s, Visa Electron is the sister card to the main Visa product range. In a nutshell, it was created to alleviate concerns regarding insufficient balances. In other words, using a Visa Electron card only enables you to spend funds that are available on your card. Whilst Visa Electron is available in practically every nation, spanning Europe, Asia-Pacific, Latin America, Africa and the Middle East, it is most popular in nations that have strict regulations for debit cards. However, Visa Electron cards are not usually issued in the U.S., Canada, Ireland or Australia
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What is Visa Electron?
Nevertheless, according to Visa themselves, Visa Electron is now used by more than 394 million users globally. Visa Electron cards are also useful for those with poor credit ratings. If an individual does not have a sufficient credit rating to warrant a standard Visa card, financial institutions will often provide the customer with a Visa Electron card instead. The card issuer charges merchants, such as Visa Electron casinos, a transaction fee of 1.5%, plus a 0.15 EUR fixed-fee. However, whether the online casino passes these costs on to the player is up to the operator themselves.
When searching for Visa Electron casinos, in most cases you will have no issues with the payment card. Essentially, Visa Electron casinos include it within their ‘Debit/Credit Card’ deposit section.
How does Visa Electron work?
For those unaware, Visa Electron transactions operate in the very same manner as its Visa counterpart. The only key difference is that Visa Electron transactions must be fully covered by the funds available on the card. In effect, this is generally how debit cards work anyway, however some financial institutions allow customers to exceed the balance on their card. Visa Electron cards do not permit this, so you need to make sure that you have enough money on the card before you attempt to use it at Visa Electron casinos.
Visa Electron cards can be used both online and offline. When using the card with Visa Electron casinos, you will need to enter a range of details that can be found on the front and back of the card. This includes the main 16 digit card number, the expiry date (which is expressed as the month and year) and the CVV number, which is the 3 digit code found on the back of the card. Although now a rarity, some merchants also ask for the issue date, which is also expressed as a month and year.
In order to fund your card, you will need to do this through your financial institution. In most cases, high street banks link your Visa Electron card to your everyday current account, meaning that there are a number of ways you can load your card. This includes a direct transfer from another account, or simply walking in to your branch and paying cash.
So now that you know how the card works, in the next part of our Visa Electron casinos guide we are going to look at the deposit and withdrawal process.
How do I deposit with Visa Electron
The deposit process with Visa Electron casinos is very simply. As discussed above, you will need to enter your card details, which includes the 16 digit card number, expiry date and CVV number.
Once you have registered an account with your Visa Electron casinos operator, you will need to navigate to the deposit page. It is highly likely that the casino will not have a dedicated page/section for Visa Electron payments per-say, so you will just need to click on the ‘Debit/Credit Card’ option.
Once you have entered your card details, you might be required to enter your ‘Verified by Visa’ password. This is an additional safeguard that Visa Electron casinos implement to ensure that you are the true owner of the card being used. If you have not yet set up a Verified by Visa password, the process only takes a couple of minutes.
When attempting to use the card online for the first time, Visa Electron will guide you through the process. Essentially, you just need to enter a few details such as your account number and date of birth, and simply choose a password.
Once the deposit process is complete, your casino account will be funded instantly. Just keep an eye out for any deposit fees. However, because you are using a debit card, there is a good chance that this will be free of charge. Nevertheless, some Visa Electron casinos do charge a fee.
In the next part of our Visa Electron casinos guide we are going to discuss the withdrawal process.
How do I withdraw via Visa Electron?
Much like the deposit process, Visa Electron withdrawals are very simple. As your card details are already registered, Visa Electron casinos will transfer your winnings back to your card. As is the case with most Visa Electron casinos, you will more than likely need to go through a basic KYC (Know-Your-Customer) process before your withdrawal request is validated.
As well as submitting a copy of your ID and proof of address, you might also need to send in a copy of your Visa Electron card. Once this has been approved, withdrawals from Visa Electron casinos will usually take between 3-5 working days before they reach your bank account.
Visa Electron: Pros and Cons
- Instant deposits
- Most Visa Electron casinos do not charge deposit or withdrawal fees
- Very easy process
- Other payment methods, such as e-wallets, have a faster withdrawal time-frame
Best Visa Electron casinos: Promotions and offers
To conclude our Visa Electron casinos review, we have listed a couple of the most notable promotions currently in the market.
Leading high street bookmaker William Hill also have a significant presence in the online sector. Their platform is highly extensive, and covers virtually every casino product. This includes live dealers, classic table games, slots and a full range of virtual games. By opening up an account for the very first time, Visa Electron casinos such as William Hill offer new players a 100% matched buy-in bonus, up to a maximum of £300. Wagering requirements are 40x.
Ladbrokes are also involved in both the offline and online casino space, and have an excellent range of games to choose from. They form our best Visa Electron casinos list because of their highly established status, ongoing promotions and easy-to-use interface, which is available via browsers and mobile devices. If you are yet to open an account, Visa Electron casinos such as Ladbrokes offer players a ‘Bet £10, Get £50’ sign up offer. Wagering requirement are also set at 40x.