Visa is a major player in the credit card industry, and that means a lot of sweepstakes casinos will accept it as a payment method. Most people will also be accustomed to using it, and it is an overall reliable card provider. But is it the right one for you and your online gaming needs? Weâll go over some of the popular Visa sweepstakes casinos and share a few important details to help answer that question.
The biggest benefit of using Visa is the sheer name recognition and convenience, but to give you a clear picture of how it compares to other options, weâll need to go over both sides of the story: the good and the bad.
Weâve shown you the main benefits and downsides of using a Visa credit card in sweepstakes casinos, so letâs continue and see what your day-to-day transactions will be like.
You can make a deposit in a few simple steps, as you can see.
If you donât already have an account on the website, youâll need to create one and provide all the necessary information. You can then log in, find the Buy Coins option, and under Payment Method, choose Visa.
Before you can make a payment, youâll need to add the relevant information, e.g. card number, expiration date, and CVV code. You may also need to provide proof of address, a document like a recent utility bill or a bank statement.
You can decide how much you are willing to spend and select the corresponding amount in gold coins or sweepstakes cash and submit.
If you have enough funds in your bank account and youâve provided all the proper information, the transaction should be instant â the coins youâve bought will appear in your account, and you will get a confirmation email.
A vast majority of sweepstakes casinos donât allow you to cash out your winnings using Visa, so youâll need to turn to other methods.
You can use a direct bank transfer to withdraw the sweepstakes winnings straight into your bank account.
Each casino has its own policy on withdrawals, and one of the most important things to consider is the minimum withdrawal requirements. Make sure that you have more in your casino account.
Head to the Redeem page â on some casinos, it may be called the âCashoutâ page â and choose bank transfer.
You can now enter your name and bank name, account number, routing number, and some form of identity verification if needed. You can then submit it.
It can take anywhere between 3 and 10 business days for the money to be deposited into your account, which you will be informed of via email.
We will now look at some of the common fees youâll find with Visa and in which circumstances they are applicable, so you can get an idea of how much basic transactions can cost you.
Deposits made using a Visa credit card are typically free and instant. That is to say, the sweepstakes casino itself wonât charge you anything, but depending on your bank, it may charge you a small deposit fee. This can vary from bank to bank, so youâll need to check.
If you are playing in a foreign casino, though, you can get an additional 1% to 3% foreign transaction fee on your deposits.
The biggest issue you can encounter with Visa sweepstakes payments is whether your bank sees these transactions as cash advances. Not all banks do, but if this is the case, you can expect to pay an additional 3% to 5% of the total amount, and for smaller amounts, there is usually a minimum charge of around $5 to $10.
Of course, a cash advance also means interest rates of another 20â30% that begin right away, and that can amount to quite a lot if you donât pay off the advance in time.
If you have decided to try out Visa sweepstakes casinos and want to do so in the most effective way, there are a few simple tips you can follow.
You will need proof of identification and proof of address documents when setting up an account at Visa social casinos and when confirming card details, so make sure you have everything you need at hand. Find a bank transaction or utility bill and keep it in a drawer nearby, next to your driverâs license or passport â it will save you tons of time.
While some banks can charge cash advance fees for Visa casino transactions, others may not even allow them. For example, Bank of America, Chase, Santander, and Capital One will all decline transactions on gaming sites for their Visa cards.
The best way to stay safe and avoid scams is to play on well-established sweepstakes casinos with a history of positive player interactions, and all the sites we have listed fit that description perfectly.
Your last line of defense against overspending in Visa social casinos is to cap your maximal spending right at the source. You can place daily, weekly, or monthly spending limits on your Visa card so that you can only spend, say, $20 per day or $70 per week on sweepstakes games.
Those new to Visa have nothing to fear, as the setup process is fairly quick and smooth, as long as you pay attention to a couple of important details weâll now mention.
Step 1. Find the right bank and read the fine print.
As we mentioned, several banks do not allow sweepstakes transactions with their Visa cards, and some will consider these transactions as cash advances and tag on massive interest rates, so take your time and find a good bank.
Step 2. Check your credit score.
You will usually need a credit score of over 670 to be eligible for a credit card, so log on to your bankâs app or use Experian to check your current score and see if you can apply.
Step 3. Apply and wait for approval.
If you have a good credit score, you can apply for a Visa. Most banks have a simple online form, and the approval is usually within minutes, though it can take a couple of days.
Step 4. Activate your card and set up online banking.
Assuming everything went over smoothly, the card should be at your door in about 7 to 14 business days. You can activate it on your banking app, the bankâs website, or by dialing the provided activation number, and then set up online banking and different security features.
Step 5. Keep track of interest rates and fees.
Learn all you can about the different fees, interest rates, and deadlines so you can stay on top of everything and pay your dues on time to avoid additional charges and keep building up your credit score.
Step 6. Set your Visa as the payment method at a sweepstake casino.
Once everything is set, you can create an account on a social casino you like and add your brand-new card as the preferred payment method.
You will likely come across one of these problems when you play in Visa social casinos, but luckily, we have some effective solutions for you.
đ Problem: Your bank counts Visa deposits on casino sites as a cash advance and charges you accordingly.
đ Our Solution: Open an account in a different bank that doesnât charge a cash advance fee on sweepstakes deposits.
đ Our Solution: If you donât want to switch banks, consider getting a Visa debit card, as it doesnât have this issue.
đ Problem: Your bank considers sweepstake casino deposits to be high-risk gambling transactions and immediately blocks the card.
đ Our Solution: Contact the bank to confirm the transaction and check if they can approve it, as it may be another issue.
đ Our Solution: Consider a prepaid or debit Visa, or get a credit card from another bank with more lenient rules in place.
đ Problem: The sweepstakes casino allows you to make deposits using a Visa card but not to cash out.
đ Our Solution: You can use a direct bank transfer to the account linked to your card, though it will take a few business days.
While having a credit card is incredibly useful and can get you out of some potentially tough situations, you also have to be careful not to ruin your credit score or end up with a massive debt that you canât pay off. With that in mind, letâs look at a few ways you can stay responsible and limit your Visa credit card spending.
They say there are as many different play styles as there are people, but we can certainly boil it down to a few fairly specific types of players. Itâs all about temperament, free time, budget, and schedule, and weâve found that the Visa is the perfect fit for the following players.
Most people will already have a Visa credit card, so if you just like to pop in for a few games here and there at a sweepstakes casino, itâs the easiest way to buy some gold coins and start playing.
The instant deposit is a perfect feature for someone who values their time and prefers to have multiple quick sessions throughout the week instead of gaming marathons on the weekends. Youâll have to set up another method for withdrawals, but using a separate e-wallet is a quick and reliable option for that.
Not everyone can afford the high-roller lifestyle, nor do they have to. With a Visa credit card, you can set spending limits and transaction alerts so you donât risk spending too much and know when to stop. Itâs also easy to stay on top of your monthly entertainment budget using banking apps.
This type of player will need higher credit limits than Visa can offer for those times when they simply canât miss out on a promotion. Playing for high stakes also means larger withdrawals, and if youâre already planning to use a direct bank transfer for payouts, itâs easy to use the Visa card linked to your account for easy deposits.
Visa is a well-known name and is accepted in most places, but if you have your eyes set on a sweepstakes casino that doesnât accept it, you can turn to a couple of other reliable payment methods. Here are three solid options.
This credit card is the closest to Visa in terms of usage and convenience. It is widely accepted, though it will have most of the same limitations. Some casinos may only offer Mastercard deposits, and itâs easy enough to get and use one. You also get access to different reward options like cashback or travel rewards, just like you would with a Visa.
If you prefer instant deposits, this prepaid card will not disappoint. Itâs as easy to use as a Visa and takes seconds to buy your sweepstakes coins, but it has the added benefit of providing extra security as it isn’t linked to your bank account. There is also no risk of overspending, though the drawback is that not as many casinos will accept Paysafe.
E-wallets are a good option for sweepstakes journez, and Skrill casinos are is a long-time favorite. You use it pretty much the same way you would with a Visa, but apart from being able to make a deposit in seconds, many sweepstakes casinos also let you use it to withdraw your winnings, which takes 1 to 3 business days, and there are no cash advance fees to worry about.
Setting up a Visa for use in sweepstakes casinos is all about finding a bank that allows such transactions and doesnât view them as a cash advance. If everything is good on that front, getting and activating the card is a matter of following the steps weâve outlined above and maybe adding a spending limit. You can then choose it as your payment option.Â
As mentioned, most sweepstakes casinos will not accept a Visa credit card for withdrawals, and alternatives like e-wallets generally take 24â72 hours, while bank transfers tend to be slower, at about 3â7 business days. Deposits are usually instant, so a few seconds to a couple of minutes, but there can be a 24-hour delay on your first deposit in some banks.
It will depend on the situation and your bank, but sometimes the deposit is subject to around 3% to 5% cash advance fees. You can mitigate this fee by finding a bank that doesnât classify sweepstakes transactions as such, but there may also be a 1% to 3% foreign transaction fee if the casino you are playing in is located abroad.
Looking at the most common amounts across different sweepstakes casinos, youâll usually find a minimum deposit in the $10â$20 range, though it can be lower in some instances. As for the maximum deposits, you can expect these to go from around $500 to $5000 depending on the casino and bank, but if you have a high-limit card, it could be more.
