In the modern age, many gamblers choose to fund their virtual casino accounts using their credit card. In this piece, we’ll explore the most popular credit cards, as well as the places you can use them to win big. No credit card at your disposal? Registering a Paypal account may be an option.
Using your credit card
Credit cards are some of the most widely used and accessible payment methods worldwide, from booking vacations to topping-up gambling accounts. Most of us are familiar with them and might even have a card that we use on the daily. For that reason, most gambling operators have adapted to our preferences and usually list them as the first available payment method on their platform.
You can usually get a credit card fairly quickly by registering online. Providing you meet the requirements for the card, it will arrive in the post a few days later. Moreover, most major financial institutions partner with Visa or Mastercard, which are both widely recognized globally.
There are a lot of different credit card providers. Below we have summed up the most well known types of credit cards.
Visa is a payment provider used in over 200 countries and accepted for various online purchases. They offer both credit and debit cards, pre-paid cards and business accounts, with the most famous cards being Visa Electron, Classic, Gold and Platinum. In terms of security, very few brands have such a great, longstanding reputation as Visa, especially in the iGaming world. All gambling transactions with VISA are protected by 3D secure technology.
Almost every casino in the world accepts Visa, local and international, most being household names such as LeoVegas Casino. As an added benefit, Visa card holders can also deposit using internet banking and transactions are fast – you can see the funds in your account instantly. Moreover, most large casinos won’t charge you extra for deposits made through Visa. Visa can also be used for both withdrawals and deposits. Some major Canada-based casinos that accept Visa are: ComeOn and MrPlay Casino.
Alongside Visa, Mastercard is the second largest major card provider and payment processor worldwide, offering both credit and debit cards. Mastercard users are also protected when paying by the security code embedded on the back of the card, which is requested to authenticate various merchant and gambling transactions.
Mastercard casinos are widespread across the globe, due to the company’s good reputation and great level of customer protection. Mastercard also allows very generous limits when you deposit at an online casino, making it an even more attractive option if you’re a high roller. Withdrawals, on the other hand, might be a bit trickier, with some casinos not accepting Mastercard for this purpose as well. If they do, however, withdrawal times take anywhere between 3-5 working days. Some large Canada-based casinos that accept Mastercard are: JackpotCity, Spin Palace, Ruby Fortune, Royal Vegas.
American Express is a New York City-based financial services company, known for its very high security standards and various credit card types (green, gold, platinum) that offer membership rewards (bonus points).
American Express is a top card issuer, offering some of the highest degrees of safety and security, a generous point system and good customer support. Deposits made through American Express at online casinos are usually instantaneous, with withdrawals taking anywhere from 3-5 business days. AMEX is also known for offering larger limits. However, keep in mind that AMEX has a smaller acceptance rate at online casinos, as they are typically geared towards US players. Some top operators in Canada that accept American Express are: Jackpot City, Nomini, Sloto Cash Casino, Red Stag.
Maestro is both a payment service and a debit card with a fixed monthly spending limit, as opposed to other types of cards. For this reason, Maestro cards can either be a great tool for staying within your gambling budget or a drawback if you typically gamble large sums of money. Owned by Mastercard, Maestro has an international reputation since 1992 and is present in over 100 countries. A Maestro card can be issued by most financial institutions in the world, it is easy to access and use.
Maestro is a type of debit card issued by Mastercard. Because Maestro imposes electronic authorization for each transfer, it’s a great tool for depositing at online casinos due to the added security. The issuer uses the 3D secure system so each transaction has to be approved by the bank and you need to use a unique associated PIN for the account. Deposits through Maestro are usually processed instantly. However, unfortunately, at most casinos, Maestro can’t be used as a withdrawal method as well. Maestro is also a great tool to use for responsible gambling since transactions will automatically get rejected once you’ve reached your limit. Some Canada-based online casinos that accept Maestro are: Jackpot City, Casino Planet and Europa Casino.
How to use at an online casino
Most virtual casinos have their own policy regarding available payment methods. Thankfully, credit cards are amongst the most popular payment alternatives globally, which is why most large, licensed casinos have it listed for deposits or withdrawals.
Compared to electronic wallets or pre-paid methods, paying online using a credit card can pose some risks but, for the most part, you can avoid them if choosing a trusted virtual casino. Aside from the payment processor’s security protocols, a casino with a good reputation will also protect your real money transactions using quality encryption and SSL.
Always check if your connection is protected before depositing at your favorite online casino to avoid data theft or other security concerns. Now, let’s see how to use the most famous types for deposits and withdrawals:
Making Deposits with Visa/Mastercard/American Express/Maestro
Usually, topping-up your player account at an online casino using a credit card involves a similar process irrespective of the issuing company. So, whether you use Visa, Mastercard, American Express or Maestro, you have to follow the same steps:
- Select Visa/Mastercard/American Express/Maestro from the payment methods available
- Insert your banking details – name, expiration date, security numbers on the back of the card
- Specify the sum you wish to deposit
Keep in mind that some casinos may impose additional taxes when topping up a gambling account. We advise you to carefully check the T&C’s before depositing so you’re aware of the extra charges in advance.
However, good news is that some casinos offer a first deposit bonus for gamblers who choose to use a credit card when depositing for the first time.
Withdrawing with Visa/Mastercard/American Express/Maestro
All of the other credit card types listed above are usually accepted for both withdrawals and deposits, except for Maestro which is only used for deposits.
Withdrawing your casino earnings is simple and easy, as well:
- Select Visa/Mastercard/American Express from the list of available withdrawal methods
- Specify the amount you wish to withdraw
- Fill out your card data again
Advantages of using a credit card for gamblers
- Convenient and quick cash-ins and pay-outs – credit card top-ups happen in a matter of minutes so it’s a time-saving payment alternative compared to bank transfers, for example, which takes longer to process. Withdrawals are also quicker.
- Wide coverage – with a high acceptance rate, you have a larger chance of finding an online casino that accepts credit cards compared to e-wallets, for example.
- Secure transactions – online transactions via credit card are secured by the casino and the bank. Most banks also offer fraud-protection (e.g. you can file a dispute or revert credit card payments if there’s suspicion of fraud).
- Generous deposit and withdrawal limits – they are typically larger than those of debit cards.
- Extra protection from the issuing company – Visa, Maestro, Mastercard and American Express all have a zero fraud tolerance policy, so if, for example, a player was a victim of identity theft, he won’t be held responsible or have to pay any damages. This way, you can have more peace of mind when depositing or withdrawing.
- Casinos may offer additional prizes – some casinos may reward players who deposit using a credit card with a bonus, either by matching their initial deposit or offering free spins.