[Yesterday 2:04 PM] Alessandro Guiotto


Visa Electron Betting Sites

Review Summary:

Visa Electron is an effective and easy-to-use payment method is essential for using sports betting bookmakers. Debit card use has increasingly become popular nowadays. People use debit cards to pay for virtually any kind of purchase, whether it be physical or online. And of course, bookmakers have tapped onto debit cards as a convenient way to send and receive payments for bets. Of all the bank card payment, Visa electron is one of the most popular.

Pros
Cons
  • Prevents overspending
  • Accepted by most bookmakers
  • Safe and secure
  • Longer withdrawal times
  • May incur fees

Using Visa Electron for Online Sports Betting Payments

Visa Electron is an effective and easy-to-use payment method is essential for using sports betting bookmakers. There are lots of payment processors you can use today, and each of them has their own pros and cons.

Debit card use has increasingly become popular nowadays. People use debit cards to pay for virtually any kind of purchase, whether it be physical or online. And of course, bookmakers have tapped onto debit cards as a convenient way to send and receive payments for bets.

Punters use several kinds of debit cards today, and among these is the Visa Electron card. What is this card, why do many people use it, and how beneficial can this card be to you as a bookmaker? Read on and find out more about Visa Electron for bookmakers.


An Overview of Visa Electron Cards

Visa Electron is a card brand accepted and used in most parts of the world. The American financial services giant Visa Inc. launched it in 1985. Furthermore, the company issues Visa Electron-branded debit and credit cards to different banks across the globe except in Ireland, Australia, Canada, and the United States. Most banks issue Visa debit cards as opposed to credit cards, though.

Visa Electron is the sister card of the standard Visa Debit and is also the main competitor of MasterCard’s Maestro.

The card allows its users to withdraw cash from regular ATMs. It also permits withdrawals made outside the cardholder’s country of issuance through the interbank network of Visa Plus.

This Visa brand is unique from other Visa cards in that you need to have available funds in your account every time you use it to make payments. Once you’ve used up all available funds in your bank account, you cannot use your card to make payments anymore. And unlike the standard Visa Debit cards, these cards cannot be typically overdrawn.

Because of the “no overdraws” nature of Visa Electron, the card was traditionally granted to students, low-income workers, and to people with low credit scores.

Physically, Visa Electron cards sport a logo at either the upper or bottom right side of the card. Cardholder’s name, card number, and validity period are printed on the card and not embossed as with other card brands. Some Visa Electron cards may not have that dove hologram seen in other Visa-branded cards.

Pros and Cons of Using Visa Electron

Here are some pros and cons you must consider before deciding if Visa Electron cards should be your preferred payment processor for sports betting activities.

Pros:

  • Prevents overspending – Visa Electron checks the sufficiency of your funds first before proceeding with any payment transaction. This means that you can’t spend anything over your available funds, giving you control over your sports betting expenditures.
  • Accepted in most parts of the world – the card is widely used in Western Europe, Middle East, Latin America, and in the Asia Pacific.
  • Safe and secure – Visa takes steps to prevent potential fraudulent use of your Electron card. They do this by requiring security codes and automated information validation during each transaction. Encryption and secured servers are also used by bookmakers utilising Visa Electron for your personal details’ safety.
  • Fast deposits – Visa Electron deposits usually take a few minutes to process. Your payment will also immediately be credited to your betting account.
  • Used by many bookies – Bookies such as William Hill and Ladbrokes use Visa Electron as one of the deposit and withdrawal methods.

Cons:

  • Longer withdrawal processing time – Transfer time for withdrawals may take 2-5 days to process. You can also withdraw to your Visa Electron account only if you used the same card for making previous deposits.
  • May incur deposit/withdrawal fees – Using a debit card such as Visa Electron may give you additional 1-2% fees on deposits and withdrawals. This may also depend on the bookmaker service you’re using. Nevertheless, some bookmakers do not charge any fees on Visa Electron.
  • Limited amount of money for payments – If you’re a bettor who wants to risk a large sum of money, a Visa Electron debit card may not be a good choice. Remember that this card checks for funds sufficiency first and does not allow overdrafts. So, if you need to pay an amount exceeding your funds, you can’t use your Visa Electron account.
  • May be declined online – Some bookmakers may decline your card if their systems do not allow checking of fund availability.
  • Cannot be used in certain countries – Ireland, Canada, Australia, and the United States do not issue these cards. If you are a bettor from these countries, you must use another form of deposit and withdrawal processor.

How Safe is your Money with Visa Electron?

Visa Electron keeps you and your money safe by requiring authentication and approval from your bank before proceeding with any payment transaction. It does so by using an authentication called Verified by Visa.

Verified by Visa is usually applicable to customers in Spain and the UK. If it is your first time to use your card, they will redirect you to a page hosted by your bank, where they will ask you to nominate a password of your choice. You will then be asked to input this password every time you make a deposit using your Visa Electron card online.

Whenever you deposit online using Visa Electron, they will ask you to input personal details on an encrypted page hosted by your bank. Your bookmaker doesn’t see the information you put in here.

The renowned financial services provider Visa Inc owns Visa Electron, so it is definitely safe and secure. For any potential security threat, you’ve noticed on your account, you can always contact their dedicated Customer Support or get in touch with the financial institution who issued your card.

Using Visa Electron for your Online Bookmaker

It is simple, fast, and easy to use Visa Electron to top-up your betting account on your favourite online bookmaker. It’s just like paying for any other online purchase! Here’s how to do it:

  • Log in to your account on your bookmaker’s website.
  • Navigate to the Banking page.
  • Select Deposits and follow the site’s individual instructions.
  • Enter your personal details as prompted. The page may then ask you for your name, card number, and card expiry date.
  • Enter the CSC/CVV2/CSV number found at the back of your Visa Electron card. It’s the last three digits seen on your card’s signature strip.
  • Type in the amount you will be depositing to your betting account.
  • Click the Deposit button. A pop-up screen from Visa, Verified by Visa, will appear on your screen. Nominate a password (if this is your first time) or enter your existing password.
  • Wait for the confirmation message that your deposit has been successful. The bank will check your funds first before approving your transaction; this may take a few seconds to minutes.

Once done, you should be able to see your deposit in your betting account balance.

Withdrawals

If you want to withdraw funds, it’s just as simple:

  • Log in to your account on your bookmaker’s website.
  • Navigate to the Banking page or to your Accounts page, whichever is applicable.
  • Select Withdrawals.
  • Type in the amount you intend to withdraw.
  • Some bookmakers might require you to select from the payment processors you’ve used; in this case, just select Visa Electron.
  • Click the Withdraw button. Wait for the confirmation message; this will state how many days the funds are expected to arrive in your Visa Electron account.

Withdrawals are not usually instantaneous. They may take 2-5 days or even more, depending on the bookmaker’s policies.

What Else Do You Need To Know?

Here are other important points you must keep in mind when using a Visa Electron card for your sports betting activities.

  • Visa Electron cards are great tools to use if you are on a limited budget, or if you want full control of the amount of your deposits and withdrawals. It is more preferable than a credit card with respect to this consideration.
  • You must use a Visa Electron card under your name when paying and withdrawing from bookmakers. Most bookies do not allow transactions made using accounts other than yours.
  • Some bookmakers may require a verification process before they allow withdrawals to be made into your Visa Electron account. Always keep clear copies of your card (front and back, with clear signature), identity documents like passport, driver’s license, or national identity card, and proof of residence such as bank statements or utility bills.
  • Visa Electron is widely accepted in the UK for sports betting; many bookmakers still accept it for deposits and withdrawals. However, many UK banks like Lloyds TSB, Barclays, NatWest, and Halifax Bank of Scotland have slowly phased out the Visa Electron and reclassified the existing cards as Visa Debit cards. If you happen to have a Visa Electron card at this moment, expect that some bookmakers may charge fees similar to what they charge with Visa Debit on your deposits.
  • One major problem of these cards is that online payment platforms decline it quite regularly. It’s because of the inability of some platforms to check for funds availability –which is actually a must when you’re using Visa Electron. Verify with your bookmaker first if they indeed accept these card transactions before doing any deposits and withdrawals to avoid any hassles.

Conclusion

To sum it all up, it is one of the most widely used payment methods for sports betting enthusiasts and bookmakers. It is easy to use, convenient, and safe – just like most other debit cards.

Visa Electron is different from Visa Debit in that it requires available funds at hand to make payments. These cards do not allow you to go overdrawn, unlike Visa Debit cards.

Nevertheless, this card is still a good choice especially if you’re fond of doing online transactions. There may be certain limitations you have to accept, though. But since lots of legitimate bookmakers still accept Visa Electron use even if countries are slowly phasing it out, you may very well give it a shot!

Betting sites that acceptVisa Electron Betting Sites

Bookmaker Rating Bonus Min Deposit Min Withdrawal Withdrawal Time Fee
100% Deposit Offer up to £50 n/d n/d n/d n/d Get Started T&C Apply

If you open an account with 22bet, you’ll be awarded with a fantastic 100% Deposit match as a welcome bonus.

£10 Free Bet n/d n/d n/d n/d Get Started T&C Apply

If you open an account with Sportingbet, you’ll be awarded a FreeBet as a welcome bonus.

£10 Backup Bet £10 £10 1-3 n/d Get Started T&C Apply

If you open an account with Sportingbet, you’ll be awarded a FreeBet as a welcome bonus if your first sport bet loses.

100% deposit bonus up to £50 n/d n/d n/d n/d Get Started T&C Apply

Up to £100 in Bet Credits for new customers at Bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.

100% up to £50 Welcome Bonus £10 £10 3-5 n/d Get Started T&C Apply

When you sign up with 10Bet and deposit  £15 or more, you'll be awarded a generous welcome bonus of 100% up to £50 - so make a first deposit of €200 and bet with €300.

£10 Money Back Bet as a free bet £10 £10 3-5 n/d Get Started T&C Apply

When you decide to sign-up with Bwin, you’ll be awarded a welcome bonus of £10 money back as a free bet if your first sports bet loses.

£40 Money Back Bonus n/d n/d n/d n/d Get Started T&C Apply

When you decide to sign-up with Unibet, you’ll be awarded a welcome bonus of money back as a bonus if your first sport bet loses.

€50 sports bonus n/d n/d n/d n/d Get Started T&C Apply

To redeem the welcome offer, simply register and top up your betting account; after this, click on ‘Redeem Bonus’ under ‘My Account’; then enter the bonus code ‘FIRST’ and then they’ll credit 50% of the paid amount into your betting account.

Up to £20 in free bets n/d n/d n/d n/d Get Started T&C Apply

In order to take advantage of this offer you simply need to register as a new player. You are then done with your first Ladbrokes login. Then, make a deposit of at least £5 and the free matched bet is yours.

Bet £10, get £30 in free bets n/d n/d n/d n/d Get Started T&C Apply

Promo code SPORTS40a. 1st sports bet of £10+ at Odds of 2.00+. £30 free bet paid in 48 hours of settlement, valid for 7 days. Full T&Cs apply.

Get Your Betsafe Bonus! n/d n/d n/d n/d Get Started T&C Apply

Betsafe doesn't offer a sportbetting based bonus, but it does offer a casino bonus when you sign up so you can try something different. This comes with T&Cs attached.

Top competitive odds n/d n/d n/d n/d Get Started T&C Apply

Join Betsson to get some of the most competitive odds in top sports. T&Cs apply.

£20 in free bets n/d n/d n/d n/d Get Started T&C Apply

Simply make your first bet at odds of 2.0 or higher on any sports or market and Betstars will give you a free bet matching the value of your first bet up to £5. It will credit the bonus into your account in just 48 hours or less. It isn’t valid for customers using Neteller or Skrill to make their bets. Furthermore, you can’t use the bet on the ‘Spin and Bet’ feature and any unused bonus will expire in 7 days.

£10 money back guarantee if your first bet loses n/d n/d n/d n/d Get Started T&C Apply

Simply register and place your first bet of £10 or more on any market, with odds of 4/5 (1.8) or more. Then, if your bet loses, they will put a £10 bonus-back into your account.

100% deposit bonus up to a maximum £200 n/d n/d n/d n/d Get Started T&C Apply

In order to qualify for the bonus you need to open your new account and make a deposit entering the TonyBet bonus codeWC2018. The minimum amount you can deposit in order to get your bonus is £10 and the minimum bet is £1.

Get an extra 50% up to £50 n/d n/d n/d n/d Get Started T&C Apply

Min. deposit £10. Only debit or credit card. You must enter the code MB50. Deposit & bonus amount must be wagered 6 times (min. odds 4/5).

£20 Free Bet Bonus n/d n/d n/d n/d Get Started T&C Apply

18+, first deposit only. Minimum deposit and stake £20 (min odds 2.0). Credited after all qualifying bets settled. Deposits with Skrill, Paypal, Neteller and Paysafecard not eligible. Initial £20 free bet not returned. T&Cs apply. begambleaware.org

Bet £10, get £30 in free bets n/d n/d n/d n/d Get Started T&C Apply

To claim your bonus, simply register, log in then deposit £10; place a bet of £10 or more at odds of 1/2 or higher then get your £30 free bets.

3 free £10 bets when you place bet of £10 or more £5 £10 1-3 n/d Get Started T&C Apply

The William Hill welcome bonus will give you 3 free £10 bets when you place your first bet of £10 or more on odds of ½ or more, which is one of the better sportsbook welcome bonuses around

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Bonus 100% Deposit Offer up to £50 £10 Free Bet £10 Backup Bet 100% deposit bonus up to £50 100% up to £50 Welcome Bonus £10 Money Back Bet as a free bet £40 Money Back Bonus €50 sports bonus Up to £20 in free bets Bet £10, get £30 in free bets Get Your Betsafe Bonus! Top competitive odds £20 in free bets £10 money back guarantee if your first bet loses 100% deposit bonus up to a maximum £200 Get an extra 50% up to £50 £20 Free Bet Bonus Bet £10, get £30 in free bets 3 free £10 bets when you place bet of £10 or more
Min Deposit n/d n/d £10 n/d £10 £10 n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d £5
Min Withdrawal n/d n/d £10 n/d £10 £10 n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d £10
Withdrawal Time n/d n/d 1-3 n/d 3-5 3-5 n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d 1-3
Fee n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d n/d
T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply T&C Apply