Visa debit, otherwise known as Visa check card or Delta (UK), is a payment method that works very similar to a check because the money is directly deducted from the user’s checking account, minus the hassle of carrying around a checkbook or having to write out a check, along with other advantages.
Acceptance. Visa debit is widely accepted around the world, and can be used to pay nearly any product or service, including transferring funds to casinos or paying monthly bills.
Money Management. Users will have no problem to manage their money, as money is deducted automatically and posted within 24 hours of the purchase and they may check an updated balance on their card issuer’s website or by phone. Every month, the user will receive a very detailed checking account statement.
Security. One of Visa’s main concerns is keeping their cardholders’s transactions safe and secure. When transferring, the user’s money comes directly from the checking account, but with Visa’s extra protection against fraud; this includes Visa’s liability policy, fraud monitoring, identity theft and a 3 digit security code. Any funds that may be taken from the user’s account due to fraudulent will be returned.
Rewards. Visa Debit Cards may differ depending on the card issuer, but some Visa Debit Cards offer rewards for purchase like visa extras. Also, all cardholders my shop and save with merchant discounts just for Visa clients.
Easy to Get. There is no need to qualify for a Visa debit card, all the user needs is a checking account.
Normally, when opening a checking account the financial institution offers clients a Visa Debit Card, although it may differ in some countries, and instead might provide another Visa option, like Visa Electron. However, people planning to open an account may previously to find a Visa Debit card provider near them on Visa’s site.
Better than cash or checks. Visa debit cardholders can access their funds 24/7 and easily purchase at millions of locations worldwide that accept them, including online merchants. Other advantages for Visa debit card users, fewer ATM trips, no fumble for change, and users are offered security protections.
Safety. Players that wish to use their Visa debit card to make transfers, and are concerned about revealing their card details over the internet may submit them via fax or telephone. Upon transaction approval, the Casino immediately credits the amount to the players account for uninterrupted playing.
Fees. Users may be charged a fee when using their card to withdraw cash at an ATM not owned by their own financial institution. In this case, one fee may be charged by the financial institution and the other by the ATM owner, but the ATM owner is required to indicate the amount before the withdrawal. To learn about fees, it is best to contact the financial institution that emitted the Visa debit card.
Limits. Daily cash withdrawal limits may be imposed by many financial institutions, approximately $1000, but spending limits may be higher, so this should be previously consulted with the financial institution.
The main difference between these two Visa cards is that a Visa electron card does not allow any overdraft transactions and the user’s balance is checked before the transaction is approved.
Visa debit card is a very convenient payment method that is widely accepted amongst all kinds of merchants, including Casinos. Nevertheless, its fees and benefits may vary depending on the financial institution, so this might be tricky. In some places, e.g. it might be a great method for players to deposit money in the Casino, but for withdrawal, the fees may be too high and the player may lose too much money with that transaction.