Best Visa Electron Online Casinos 2024
Table of Contents
Visa Electron is a product of Visa, and like other cards from the company, players can use this card to make swift deposits at their favourite Visa Electron casinos. Visa Electron is easy to use and secure for online transactions. This Visa Electron casinos review will feature how to use the payment method for deposits and withdrawals, its pros and cons, where it's available, its safety measures, and its transaction speed and fees. However, it's important to note that Visa Electron discontinued from operating globally earlier this year (April 2024) and was replaced with the Visa debit card.
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Visa Electron facts
| ✅ Name | Visa Electron |
| 📊 Category | Cards |
| 🌍 Geo | Austria, Belgium, Brazil, Chad, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Russia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Ukraine, United Arab Emirates, United Kingdom, Vietnam |
| 💱Currency | BRL, CHF, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, MYR, NOK, NZD, RON, RUB, SEK, SGD, THB, USD, ZAR |
| 🌐Site | http://www.visa.com/ |
| 📅 Established | 1985 |
| 👨💻 Support | Card-issuing bank |
| ➡️ Deposit | yes |
| ⏱️ Time to deposit | Instant |
| ⬅️ Withdrawal | yes |
| ⏳ Time to withdrawal | 1-3 days |
General information about Visa Electron
Visa is an American-based company that was founded in 1958. It was launched as part of the BankAmericard credit card program by BofA (Bank of America). Years later, in 1966, BofA began licencing the program to other financial institutions. In 1970, BofA formed cooperations with other participating banks and gave up management control of the program. It was then renamed as Visa in 1976.
In 1985, Visa Electron was introduced to the market. Therefore, Visa Electron was a debit card, which meant that for players to make purchases or online transactions, such as depositing to online casinos that accept Visa Electron, they needed a funded bank account. The deposit amount was deducted from the linked bank account, unlike Visa credit cards, which use borrowed funds for transactions and then pay back at a later date.
You might wonder, then, what’s the disparity between Visa debit and Visa Electron cards? They both featured the same operation process, but with the former, players could experience bank overdrafts using more money than what was available in their bank accounts. However, this overdraft feature was not available with Visa Electron.
This basically meant that you could not top up more than your bank balance to your Visa Electron online casinos. It was a splendid feature for many players because it helped them manage their gaming budget aptly. Also, this meant that players couldn’t rack up interest and other charges characteristic of Visa credit cards.
How Visa Electron works
As mentioned, Visa Electron was a debit card, meaning it had to be linked to a bank account. So, you needed a bank account to use this debit card in online casinos accepting Visa Electron. Players were required to make an application on the Visa website or visit a Visa-authorised bank to acquire this card. Usually, only a little information and processes were involved. For example, Visa Electron issuing banks didn’t check for credit scores.
After your application was approved, you only needed to wait for the Visa Electron card that was delivered to the home address you provided. Users could also collect the cards personally from their banks. You were then required to activate the card and link it to your bank account, and you were good to start gambling at real-money Visa Electron casinos. The Visa Electron card included the following data that was crucial to enable the authorisation of online casino transactions:
- Cardholder’s name
- Card number (16-digit number on the front side of the card)
- Card’s expiry date
- CVV (Card Verification Value) code that was on the reverse side of the card
The Visa Electron card also had the EMV (Europay, Mastercard, and Visa) chip, a technology used for smart payment cards that also prevented fraud.
Visa Electron market coverage
As part of the Visa payment network, Visa Electron was available in more than 200 countries worldwide, and it was easily accessible in these countries since Visa had partnered with many local banks. However, Visa Electron wasn’t available in some regions, such as the United States, Ireland, Canada, Australia, and Argentina. Although the precise list of countries where Visa Electron was available cannot be accessed, it could be similar to the one available on Visa’s page since Visa was the parent company. Therefore, these are the gambling-friendly regions that Visa Electron was present:
- New Zealand
- South Africa
- Italy
- The UK
- Malta
- Nigeria
- Netherlands, etc.
In addition, Visa Electron accepted more than 160 currencies, including USD, EUR, GBP, ZAR, NZD, etc.
How to deposit to online casinos with Visa Electron
This debit card was easy to use and worked like any other Visa card. Players could add funds to the best Visa Electron casinos using the card by creating an account, where they were required to provide information such as their name, address, country, password, email address, DOB, username, etc.
Players would then proceed to the banking page, where they would click the deposit button and select Visa Electron as their preferred option. In some online casinos with Visa Electron, this option was listed under ‘Credit/Debit cards.’
Afterwards, they would enter how much they wanted to deposit and then enter their card information, which included the name, expiry date, card number, and the three-digit CVV code. The CVV code was used to authorise online transactions.
Lastly, players completed the process by clicking the appropriate buttons, and the funds were added to their casino accounts. Since the funds were debited from a player’s bank account without overdrafts, one needed a sufficient balance to support their desired deposit amounts.
How to withdraw from online casinos with Visa Electron
Like many other Visa cards that are still in operation, Visa Electron wasn’t always available as a withdrawal option. You would find Visa Electron casinos that accepted it for withdrawals while others didn’t. In case you were lucky to find one, the cashout process was equally simple. First, you had to log in to your Visa Electron online casino account and hit the withdraw button from your casino wallet.
Then, you had to select Visa Electron and proceed to enter how much you wanted to withdraw. Lastly, your account details where the funds would be sent were needed to complete the process. Most Visa Electron casinos online would conduct KYV verification procedures at this stage to verify your identity. If your selected online casino didn’t offer Visa Electron withdrawals, you had to look for other alternatives.
Visa Electron transaction times and fees
One of the perks of using Visa Electron for online gambling was that it offered instant deposit times, allowing players to start real money gambling immediately. Conversely, Visa Electron offered extended withdrawal times for payouts. It took about 2-7 days for the winnings to hit players’ accounts after the withdrawal request was approved.
As for fees, the best Visa Electron casinos did not charge transaction costs for deposits. Nevertheless, withdrawal fees were possible since the payment method wasn’t generally available for casino cashouts. These fees were hugely dependent on the Visa Electron card-issuing banks.
Visa Electron casinos pros and cons
Pros
- Visa Electron had no overdrafts, which helped players avoid falling into debt.
- It was widely accepted in many countries. This made it a convenient casino payment method.
- It offered rapid deposit times.
- Visa Electron was a secure deposit method safeguarded by Visa’s state-of-the-art measures.
- Players had complete control of their funds since the debit card was linked to their bank accounts.
Cons
- Visa Electron wasn’t usually available as a withdrawal option.
- It had geographical restrictions. It wasn’t present in the US, Canada, Ireland, Australia, and Argentina).
- If it was available for withdrawals, cashouts took extended periods (2-7 days).
Convenience and safety of Visa Electron casinos
Although it wasn’t available in select countries, its services were available in many other countries. This made Visa Electron a convenient deposit method since players could easily access its services from their local banks or the Visa website. Although you had to apply for the card, the process was easy and fast. Using the debit card for transactions in real money Visa Electron casinos was also elementary. Players using the card enjoyed advanced security features from Visa, such as encrypted transactions and protection from cyberattacks, which made it a safe payment option.
Conclusion
Visa Electron was discontinued in 2024, so its services are no longer available to players. The payment method worked like a debit card, and players looking for a similar service will find related payment services at the bottom of this page. Other options, from e-wallets and vouchers to cryptocurrencies, are also available. This review of Visa Electron casinos has explained how the payment method functions and the deposit and withdrawal processes, which can be inferred and extrapolated when using similar options.
