Visa has been the preferred method of payment ever since its inception back in the 1950s. It is regarded as the most popular financial institution that issues a variety of credit and debit cards through tens of thousands of banks and institutions it cooperates with.

Not only are many Canadians using Visa cards for their everyday transactions, but they are also widely using them for betting online due to all the perks and benefits that go with using Visa.

Why Use Visa for Betting?

Visa payment system is one of the safest and fastest payment systems in the world. Their credit and debit cards are protected with the latest protocols and encryption systems, meaning that your transactions are completely safe. Also, betting sites that offer wagering on sports, racing, and all other markets and have Visa as a payment method are regulated and licensed by major licensing jurisdictions.

Due to its renown and characteristics, Visa is widely used on online betting sites in Canada and the world. Therefore, regardless of where you place your bets, chances are they will let you deposit with Visa.

Besides, many promotions and bonuses can be attached to the use of Visa for both deposits and withdrawals, such as the deposit match bonuses. The speed with which Visa and online betting sites in Canada process payment requests is remarkable – the deposits are almost instantaneous, while withdrawals are completed in a matter of days.

How to Use Visa for Online Betting in Canada?

Using Visa for betting on your favorite sports, races, politics, and other betting markets available on Canadian betting sites is as simple as possible. After you have opened an account on the betting site of your choice, you should deposit some funds into your account. The next thing you should do is go to the Banking or Cashier tab and choose Visa as your payment method. After that, enter the necessary details and the amount you wish to deposit and confirm.

The steps for the withdrawal process are similar and equally easy. Once you have decided to withdraw your winnings, simply go to the Cashier tab and instead of Deposit choose Withdrawal. Enter the necessary info, stating how much you want to withdraw. It will take your funds anywhere between 24 hours and 3-4 days to appear in your bank account.