Visa Electron

Visa Electron is the name of the section from Visa which deals with debit cards, the same way that Maestro is the debit card platform for Mastercard. Around 48% of the world’s debit cards are Visa, and Visa Electron is a huge part of that. There are some countries where this platform is not offered though, including US, Canada, UK and Australia.

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How it works

In order to use a Visa Electron debit card, you need to be in one of the countries that offers this service, and you have to sign-up for one at one of your local banks. You can deposit funds via a number of methods, either at the ATM, at the teller, or via bank transfer, and you can then use the funds available on the card to deposit money in your online casino account. Using a debit card has some advantages, especially with the Visa Electron platform, which allows the user to pay only with the funds that are available. Some of the other Visa debit cards, which are available in the four countries mentioned above, will also allow these cards to be overdrawn. The advantage of the Electron card is that if someone steals your data, they can’t take away thousands of dollars of your card, unless you leave that much money on it. If there is no money on the card to steal, then it can’t be stolen.

Deposits and Withdrawals

Making a deposit with a Visa Electron card is quite easy. Once you’ve gotten a card of this type from the bank, and you’ve deposited some funds on it, you use it just like you would a credit card, entering the card’s details on the website, plus the amount you want to deposit. The transfer is done immediately, and you can start using those funds a few seconds later.

Withdrawing money via Visa Electron is easy as well, though it is not an instant transfer. It will take a couple of days for the funds to enter your account, but they will arrive without fail, and it’s a secure transaction. The money can then be accessed at any ATM.

Fees

The fees associated with these cards are established by the casino and by the bank you’re working with. There are generally fixed fees at casinos, and ATM withdrawal fees at the bank.

Safety

Since you’re the one that decides how much money you put on the debit card, it’s a fairly safe method of funding a casino account. If the card data ends up in the hands of a thief, he will be able to use that money to purchase things online, but if you only deposit money on the card when you want to fund an account, then there is only a short period of time where there is that risk.

Conclusion

Visa Electron is one of the safer platforms that can be used to make a deposit online, and it’s available in many online casinos, making it a good choice if you live in a country that gives you this option.