Visa
Poker Payment Method
What
is Visa?
Visa is a
poker payment method that uses credit, debit or pre paid
card facilities to deposit money in your account. It is a
reliable system that unfortunately is at the mercy of the
new US anti-gambling laws sweeping the internet.
These laws have left many poker sites downright refusing
to accept cards from US citizens, or insisting on a host
of faxed, emailed or posted information to prove where
you live and who you are. These issues are not as bad as
they seem, Visa is a multinational corporation and they
have the safety of their client’s money first in their
minds. There is the option to use your visa electron
debit card that more sites will accept; though the banks
have to have certain criteria from you to make your card
a debit card and not a credit card as is the standard
practise.
How does it work?
Assuming you already have a Visa credit card, go to the poker
room you most prefer online. Find a link to payment methods and
click on it. You will be given a list of payment options.
Choose the credit card method and select Visa under the various
credit card names. You will then be required to give them your
credit card number, expiration date number and the three digit
code at the back of your card. After a short process where they
assess if your card is acceptable or not, you may be required
to send them bills or ID pictures for verification. Enter the
amount of money you wish to transfer into your poker room
account, and in a few minutes you should be ready to play. If
your card is rejected you can try using it on another site. If
all else fails sign up for a secondary account that you can
credit with your credit card and use on almost any poker site.
Minimum deposit is $50; maximum is $500 a day.
How do I get my money out if I win?
With any Visa
card your money cannot be withdrawn and placed back into
that account. Unfortunately like so many other credit
cards you will have to open a secondary account like
EwalletXpress to transfer money from the poker room to
your bank account. To sign up for one of these secondary
accounts search the payment method that will suit you
best and register. Alternatively poker rooms can send you
a check in the mail to your home address but this usually
takes weeks to arrive and longer to clear. Best to open a
secondary account rather if withdrawing money is
something you will have to repeat more than
once.
What are the advantages of using
Visa?
-
Visa
allows you to deposit money without having to open a
secondary account that may carry costly
fees.
-
There is a
useful function on their website for reporting fraud,
so that when it does happen to you, you can cancel
your card as soon as
possible.
What are the disadvantages of using
Visa?
-
Credit
cards are not widely accepted as payment on poker
sites anymore, due to the new US
legislation.
-
To
withdraw money you will have to open a secondary
account anyway.
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