The Visa brand
The Visa brand belongs to an American corporation, with its headquarters located in Foster City in California. The corporation facilitates electronic payments via debit and credit cards. But it does not issue cards, they are offered by financial institutions. Transactions implemented over the VisaNet, Visa's network, reached 100 billion in 2015. The data centres processing transactions are highly secured, and each transaction is checked using 500 variables, before the payment is accepted.
Online payments via Visa cards are common worldwide, both via Visa Debit and Visa Credit cards. The brand has the most cardholders on a world scale. The versatility of these cards, which are accepted everywhere by merchants for electronic payments, contributes to their comprehensive use. Visa cards are accepted by all online bookmakers as well.
Visa Debit is a brand issuing debit cards in a massive number of countries, so that their holders can make payments in brick and mortar shops and online, the cards serving to access their accounts. With this debit card, you can, also, have an additional perk, you can overdraw: i.e., that is a certain limit for you to use, a type of credit, called overdraft, to which you can make payments exceeding the money that is currently present in your account.
Visa Debit is the name which replaced the Visa Delta, a name in employment in the United Kingdom only. First issued under the brand Connect, then it was merged into Visa. Visa Debit cards are widely issued to customers of banks in Ireland.
In Canada, some financial institutions offering credit cards via the Visa network, such as Scotiabank, CIBC, etc., now offer Visa Debit, as a co-branded card, or as a virtual card which is issued additionally to the Interac debit cards. The virtual cards provided to customers, as secondary cards, can be used online only, having all necessary card details, the card number, the expiry date, and the security CVV2 number. Retailers must specially allow for transactions via Visa Debit, and the same applies for virtual Visa Debit cards.
In the United States, there is comprehensive issuance of Visa debit cards, and transactions to the amount of less than $25 are processed without the additional checking and security measures: signatures, PINs.
In Germany, generally banks favour the Girocard technology, but it cannot be co-branded with Visa Debit, as they are more powerful brands. The Girocard is an interbanking and debit card service linking all ATMs and banks in the country. Lately, some financial institutions, for example Consorsbank and Ing-DiBa, have started to issue cards which use Visa credit protocols, and their holders can make free cash withdrawals on ATMs owned by other banks.
In Italy, starting from 2016, Fineco has been issuing Visa Debit cards as new ones and also as renewed cards. The Visa Debit is co-branded with Italy's Bancomat network.
Visa Delta was the name under which Visa Debit was known in the United Kingdom only, as mentioned in the previous section. Starting from 1998, the name started to be replaced, using the Visa Debit name.
Visa Electron is another type of debit card in worldwide use, but in some countries, like the United States, Australia, Canada, Ireland, it is not used. It started to be issued in 1985, alongside to Visa Debit. The difference with the Visa Electron is that the funds needed for a payment must be present in the whole amount at the time of transferring. So, unlike with Visa Debit payments, payments via Visa Electron cannot be overdrawn. That is why offline terminals and certain online shops do not support transactions via Visa Electron: their systems do not have the possibility to check the amounts available in bank accounts with these cards at the time of transactions.
The details on the Visa Electron card, the cardholder's name, the card number, and the validity term, are printed, not embossed. The Visa Electron logo is available, too, usually bottom right. Most commonly this type of card is issued as a debit one, although other banks issue credit cards, like in Bahrain where BisB issues it as a credit one.
In the United States, the card is not available, but you can use it to transfer amounts from other countries.
Visa Electron usage is not as comprehensive as that of Visa Debit. Since 2015, banks have been giving up Visa Electron in favour of Visa Debit.
Generally, in countries with stringent criteria regarding credit cards use and issuance, Visa Electron has become popular, when customers do not qualify for being granted credit.
Acceptance of Visa cards by online bookmakers and depositing funds with them
As mentioned above, all online bookmakers accept Visa Debit. Most punters own such cards, so they can use them for online depositing as well. Such is the situation in the United Kingdom, where the majority of adults own either a Visa Debit or a Visa Credit card.
After you set up your account, you must go to the depositing section. There are usually two subsections, one for debit cards, and the other for credit cards, so be careful to make the correct choice. Enter your details, the name on the card, the card number, the expiry date, and the 3 number security code on the reverse. Afterwards, you must enter the amount which you intend to deposit. Then the system will perform a check regarding the availability in your bank account, and then the transaction will be implemented.
Security of online payments via Visa cards
As mentioned above, the Visa payments system maintains highly stringent security measures. If accidentally the details on your card have been used, without a permission by you, it is a must to immediately notify the provider.
Online bookmakers also maintain strict security, via SSL encryption, which is the practice with all card payments. Thus all the confidential information on cards is kept secure.
How much are the charges for using a Visa Debit or Visa Electron card
Usually depositing via Visa cards is free of charge, fees are charged on using Visa Credit cards. The same applies to withdrawing. What will involve fees will be the use of the overdraft. Also, if you deposit in different currencies, you may be charged a certain commission fee for the conversion. There can even be a cash fee, because depositing into online betting sites belongs with cash transactions. One example of a bookie charging fees is Betfair, as it offers online betting exchange.