It would be quite an understatement to call Visa a popular deposit method. Out of all the funding options you have at your fingertips, none are simpler or faster than the Visa credit or debit card. If you’re new to online poker and would like to get started today, Visa is the way to go. Deposits are credited instantly and there are no third-party services to join or complicated forms to fill out.
What You Need to Know
The actual process for making a Visa deposit to a poker site is the same as making any other purchase over the internet. After you have an account at the poker room of your choice, you can log in and click on the “deposit” button to get started. You’ll then be asked to type in an amount, provide your card number and then confirm the deposit. The funds should appear in your account instantly.
Minimum deposits typically range from £5 to £20, with the former being the most common. The maximum amount you can deposit with Visa ranges by quite a wide margin. US-facing poker sites max out at a few thousand dollars in most cases while UK/European sites accept Visa deposits as high as £99,999 in some cases. Speaking of which, take a look at this page if you’re considering making a large deposit.
One other thing to keep in mind is that poker sites treat credit and debit cards the same. There’s little danger in using a Visa debit card to play online poker, but I urge you to keep careful track of your spending if you use a credit card. It is all too easy to justify making just one more deposit on credit when the cards run cold. Make sure you don’t rack up debt just to play poker.
You’ll have mixed results attempting to receive withdrawals to your Visa. Some poker sites can credit your card with your winnings while others prefer to send your winnings via electronic transfer or paper check. Much of it depends on where you play and your card issuer’s policies.
The big-name international sites are the most likely to pay winnings out to credit cards. If you live in the US, you’ll probably have to choose some other withdrawal method. There doesn’t seem to be any rhyme or reason to whether or not specific poker sites send cashouts to credit/debit cards, so you’ll have to log in and see if it’s an option in your cashier.
Are there any fees for depositing with a Visa?
There shouldn’t be. The best poker sites for Visa never pass on their costs to the customer. However, read through the fine print of any poker room and it will let you know that your bank may charge you a nominal fee for using your card. This has never happened in my experience but it is possible I’ve just been lucky.
The best Visa poker sites deserve special recognition for achieving high acceptance rates. If you’ve had trouble depositing with a credit card in the past, you probably already know what I mean by “acceptance rates.” Credit and debit card issuers are hesitant to process payments to poker sites because the laws regarding online poker vary so widely around the world. Some institutions simply refuse to process any payments to poker sites.
The problem was exacerbated in 2006 when the United States passed the Unlawful Internet Gambling Enforcement Act. That legislation didn’t criminalize online poker, but it did order financial institutions to stop processing payments to known gaming sites. Even if you don’t live in the US, you may still feel the effects of the UIGEA because there’s a good chance your bank has a physical presence in the US.
This whole situation puts poker sites that accept Visa in a bit of a bind. It’s the preferred banking method for most players, but financial institutions don’t play along. The good news is that today the best poker sites have internal workarounds and multiple payment processors in place that significantly raise credit card acceptance rates. I encourage anyone who has had problems depositing with Visa at other poker sites to try these instead.
Even the best poker sites can’t get it right every time. If you try to deposit somewhere and your card is declined, give the customer support people a call. Most major sites can get you approved over the phone even if your card didn’t work online just a few minutes earlier.