How do I get it?
Applying for a VISA or Mastercard credit card can be done through any bank, or through a number of finance houses, globally. You will merely have to fill out a credit application, provide proof of residence, and have positive identification. Should your credit score be clear, you could have your card within days. You will then be able to spend your credit anywhere you see the VISA and Mastercard signs.
Advantages of VISA and Mastercard transactions at Online Casinos
1. Ease of Use
Using your credit card requires no extra hassle of having to work through and register with a third-party payment facility. All you need to do to make a deposit is select your preferred payment method and enter in your credit card details as prompted.
2. Minimal Fees
Usually, credit card holders pay a monthly fee for the administration of payments. These packages vary and could cover a selected number of transactions per month included in the costs. Others may charge you an additional fee for each transaction, but this is usually a small nominal amount.
3. Speedy Deposits
Depositing at a credit card casino is usually a speedy affair, taking only a few moments to register the payment and top up your casino profile bankroll. You will be playing at the tables or spinning the slot reels in just a matter of minutes.
4. Pay Later
Making use of a credit card usually means that you do not have to have money in your bank account, currently. Should you use your card, you will be able to pay back the amount to the financial institution at a later stage. This means that you do not have to wait until payday to have fun at your favourite online casino accepting VISA and Mastercard.
VISA and Mastercard come with various reward plans that accumulate points for every spend made. The nature and quantity of points depend on the accredited VISA or Mastercard financial institution that services you. These points can be used as cash backs so that you get far more bang for your bucks.
Disadvantages of VISA and Mastercard transactions
Because you need to disclose all the details on the credit card, you may expose yourself to fraudulent parties, should this sensitive information be leaked out. Most top online casinos have multi-layer security to protect your information on their side, and so it would fall to you to ensure that you have a good malware and firewall protection on your PC or mobile device of choice, in order to protect your data and your money.
Unfortunately, withdrawing funds via credit card is not often supported by online casinos, but where it is accepted, it can take a bit of time to receive the funds, due to clearance issues. It is therefore recommended that you rather employ the services of an e-wallet for withdrawals or select payout via bank wire transfer or cheque.
Overspending and debt accumulation
It may be great to be able to access money that you do not readily have in your account but paying it off at a later stage is not always an easy thing to do. Credit cards are dangerous if you have no discipline and misuse could lead to massive debt accumulation.
Information on usage at online casinos
All credit cards will be set with a maximum spend limit, which is often determined by your right standing with your service provider/bank, or by your credit record.
Daily ‘swipe’ limits could be set by the bank as a default, for your protection, but these can easily be changed to suit the spender.
Where is it accepted?
VISA and Mastercard are accepted by most countries in the world, and it is therefore commonly accepted by hundreds of online casinos, globally. It is, however, a good idea to steer away from using your credit card at gambling facilities, if your government has laws in place to counteract online gambling, as you may find that they might freeze your card and possibly confiscate your funds. A prominent country of contention would be the USA, where most states ban payments to online gambling facilities.
If you have a credit card and want to start gambling now at top online casinos, why not select an approved VISA or Mastercard Online Casino from our list provided, and we can guarantee you entertainment in a jiffy.