Drawbacks of Using Visa at Irish Online Casinos
If there were no drawbacks to using Visa at online casinos, then there wouldn’t be so many banking alternatives. Here are some other things to consider before depositing with a Visa card.
Ineligible for Fast Withdrawals
Fast withdrawal casinos are a growing trend in the industry. These casinos capitalise on new payment methods that are able to process withdrawals incredibly quickly, bypassing the necessary checks that are carried out by banks and operators on every Visa transaction. This is not to say that fast payout methods aren’t as secure as Visa transactions, but that these services act as intermediaries between banks and online casinos, and can make quick payments on the user’s behalf.
At a Visa gambling site, it usually takes between 2-5 working days for withdrawals to appear in the user’s bank account. At a fast payout casino, withdrawal times are reduced to within 24 hours, and they can even be paid instantly in some cases.
E-Wallets Offer Enhanced Security Over Visa Cards
With a Visa payment, you’ll be required to enter your card details every time you make a transaction at an online casino. As a result, you can be more susceptible to hackers, who have more opportunities to access sensitive bank information. While licensed sites provide encryption and other security measures to keep your details secure, there is always the risk that a hacker could find a way through.
By way of contrast, if you’re using an e-wallet service at your casino site – such as Skrill, PayPal or Neteller – you won’t need to remember or input any card details to make transactions. Instead, your e-wallet is already linked to your bank account, and payments can be authorised by simply keying in an email address, a password, and/or a PIN number.
That being said, Visa’s own verification service does add an additional barrier between your money and any potential fraudulent activity.