In our detailed review of deposits using credit cards, expert Milan Rabszski will acquaint us with such issues:
- he will present for us a list of the best online casinos with credit cards;
- explain the difference between credit, debit and debit cards;
- will reveal how credit cards work in the form of payment methods for South African online casinos;
- learn how to withdraw winnings with a credit card;
- will present what are the bonuses when making a deposit with a credit card;
- it will display information about the commission collection and the average time of money transfers.
Types of cards for making deposits in the online casino
South African players are just those users who choose different types of Cards. They use their cards not only in everyday life when shopping, but also when playing and betting on the results of various sports events on the websites of South African bookmakers and online casinos. The most popular cards are: Visa, Mastercard, DinersClub, EcoPayz and others. As we can see, examples of different types of Cards are listed, so it's worth finding the difference between the ways they work.
| Credit card | Debit card | Load card |
| This is the first type of payment method that issues funds based on the limits set by the bank. All transfers are made in this way, when there are actually no funds on the user's card. The limits for a credit card are set by the bank itself, but on condition that the client is able to repay the loan. In other words, the client should have a regular source of income in order to be able to cancel his debt. The repayment of this amount each time involves certain deadlines, when no interest is charged. | This type of card is characterized by the fact that the client has a personal account, using it to manage those funds that are collected in a specific account. Withdrawals are credited to such a card, so the user can not lose more than he has in his account. In short, your debit card balance can never be negative. | A debit card is very similar to a credit card, but just like a debit card, it is linked to a bank account. The point is that the client is obliged to provide funds for the repayment of the entire debt within a certain period (for example, 1 month), then the bank takes all the funds from the user's account. |
Visa credit cards at online casinos
The most commonly used in casinos are Visa and Mastercard. Both Visa and Mastercard are available in different types. In the case of Visa, the customer can receive several types of Cards:
- Visa Business;
- Visa Classic;
- Visa Tlectron;
- Visa Gold;
- Visa Infinite;
- Visa Platinum;
- Visa Signature.
Holders of the above mentioned Visa cards can have benefits even outside the casino business, because thanks to the established cooperation with many other companies, Visa customers receive discounts on various services (all information about this can be found on the official Visa website). Online casino users choose Visa to pay for their bets. In this regard, the most commonly chosen card is the standard Visa Classic card. Making your first deposits with a Visa credit card is slightly different than, for example, making a deposit with a voucher. Below we will show you a step-by-step algorithm that will help you to better navigate during the various aspects related to credit card transactions.
MasterCard credit cards for making deposits at online casinos
another popular credit card used in virtual casinos is MasterCard. We would like to note that MasterCard has made available not only credit cards of the same name, but also debit and prepaid cards, but now we will focus exclusively on credit cards. We also have several types:
- The Standard Mastercard allows you to have financial freedom through availability in places where cash is not accepted;
- The Platinum Mastercard card is distinguished by its universal availability, as well as the “purchase insurance”option. This is a card for demanding;
- Gold Mastercard. This $ota card is of a higher standard and is protected by the Zero Liability program;
- The World Mastercard card is very useful during our trips to foreign countries, even players staying outside South Africa choose this type for their casino transactions. It is characterized by the highest level of Service;
- World Elite Mastercard. This card, of course, is the most prestigious due to the free concierge service, which is available at all times without any limits. It is about a personal manager who helps and hints if we are not fully how to solve this or that problem during the transaction.
Credit card as a payment method in a casino
"The history of the credit card goes back to the years of the Second World War, it was 1950". Then the American businessman Frank McNamara became the founder of the first payment organization Diners Club international, the purpose of which was to create a means of payment that could replace cash. The first cartons from this organization became the prototype for those credit cards that we have now. A few years later, and precisely in 1958, the American bank issued another card, the main function of which was not only to introduce a loan, but also to set a limit of $ 300. Europe heard about such a thing as a credit card as early as the end of 1966, this year became crucial for the Bank of Great Britain (Barclays), and later the so-called magnetic strip was developed, which greatly facilitated the issue of authorisation. As for South Africa, our country saw a credit card in 1987, at the same time in the capital installed the first ATM. At the end of the 20th century, the owners of the pawnshop, having established cooperation with The Glob bank, created their own company, which began to issue credit cards with a limit of $1000. Holders of this card used it mainly when they wanted to withdraw cash from a bank account at the bank itself. South Africa can boast of such results of the evolution of credit cards:
- 2005-the first credit card with a chip;
- 2009-approximately 10 million credit cards issued;
- 2010-3D Secure;
- 2011-access to the "contactless transactions" option.
Like any payment method, credit cards perform their functions. Through credit cards we can:
- make various non-cash payments at points of sale and not only. We are interested in online casino payments and it is this feature of credit cards that is the most important for us: no cash;
- withdraw funds using an ATM;
- make transfers not only in stationary stores, but also in online stores.
According to the latest data, the most popular credit cards in South Africa is the Mastercard Standard credit card. It is issued by the largest and best South African banks: Santander, mBank, PKO Bank African, Millennium, Citi Handlowy, Credit agricole Bank, Post Bank, Eurobank and others. "All these banks also issue Visa credit cards for South African users".
Another feature that distinguishes Credit Cards is the ability to connect to a popular payment system in South Africa, for example, an electronic wallet: Skrill, Apple Pay or Google Pay, as well as PayPal, Neteller and Trustly. With a credit card, you can top up your account with another payment method. This option is very good in situations where the casino does not accept credit or debit cards and requires the player to make a deposit via e-wallet. Then we easily select the available payment method from the list, fund the account with the required amount, and then make a deposit.
Making a deposit at an online casino with a credit card
In this article, we are most interested in the issue of making deposits. We want to emphasize that first you need to see if the credit card you choose allows you to make deposits in an online casino. Such information you need to look for on the official website of the bank whose card you use. If all is well, we can start our real money casino game with a credit card. We have created an algorithm that will help you not to miss anything when paying with Visa or Mastercard in an online casino:
- First we need to register, giving all personal data: Name, Surname, e-mail, password, phone number, address of residence and others;
- After registration, the player immediately gets access to the first bonuses from the casino for a successful start. Receiving a welcome bonus is very often associated with a set deposit amount. We recommend that you pay attention to the bonus Terms and conditions and deposit just the amount that the casino requires;
- Next we go to the section with payments, it is usually called “Deposit”, “wallet” or “deposit”. Among all methods accepted by the casino we choose Visa or Mastercard;
- Next, you need to enter the amount that you are able to deposit at the moment. Here's another note to keep in mind: usually the casino also sets limits for certain payment methods. So, if you want to claim your first bonus, which involves a deposit of $40 OT, and the casino has set a deposit limit for Visa or Mastercard of $80 OT, then you can solve this problem in two ways. In the first case, you can deposit $ 80 and then $40 will remain in your balance on the basis of which you will be able to make further bets. In the second case, you can choose another method from the list in which the deposit limits are much lower;
- Once we know what amount we will deposit, then the online casino redirects us to the form where we need to enter the following data: deposit amount, name of the cardholder, card number, CVV code and expiration date of our card. If you are worried that you may be scammed in this way, then it is not worth it, since we have to confirm all our transactions using our phone. Also, no such transaction is possible without a pin from the bank;
- Finally, we would like to once again draw the attention of everyone who intends to make deposits using credit cards. We recommend that you carefully enter all the data that is marked on the card.
Withdrawal of funds to a credit card
Making a deposit is just the beginning. It is followed by an interesting time at the green tables, games full of interesting graphics and big wins. And just when we get to the happy time when we can pick up our winnings, then again we need our payment methods. Withdrawing your winnings via Visa or Mastercard is not as complicated as it seems at first glance. However, again, we would like to point out that the availability of the “pay with credit cards” option is decided by a specific online casino. Some allow you to withdraw winnings, and some accept only e-wallets. Anyway, the payout is done this way:
- selection of the payment section on the main website of the online casino;
- choosing credit cards Mastercard / Visa among all other methods;
- indication of the amount you intend to withdraw;
- entering credit card details (supposedly to the one we entered when making a deposit);
- verification, that is, confirmation of the withdrawal transaction, and waiting for the funds to be transferred to your bank account.
Bonuses for using credit cards
Credit card users are under no circumstances restricted due to the casino's bonus policy. Everyone who has made a deposit using a credit card has access to the best bonuses that the casino offers not only at the start, but also during other activities. We will show you the most common bonuses that credit card casinos offer. The welcome package can sometimes contain several different bonuses for first deposits, so without the help of Visa or Mastercard we will not cover this issue. We often use these payment methods when we participate in VIP clubs, tournaments or races. Then the transition to a new level and receive more free spins is possible only after depositing a certain amount. Casinos with credit cards very often practice the “cashback " option, that is, the return of cash to the player. The most common percentage of lost money is 10%. We recommend that you check the ranking that we have placed on this page, choose the best brand for yourself and receive all the bonuses that you really deserve.
Transaction fees
In this regard, since the gambling industry in South Africa in most cases is burdened with the collection of additional fees and taxes, the bank that issued the player a credit card can enter its commissions for services. Very often this happens in casinos that do not accept SAN and players are forced to deposit EUR or USD. We would like to inform you that no additional money is charged from the casino itself.
The percentage of commissions is set by each bank separately, but when we checked the information about commissions in several South African banks, we explained that this percentage is usually the same in all banking institutions. We will show what is the situation with the collection of commissions on the example of banks Santander and mBank.
| Activity / type of credit card | Visa Silver, MasterCard Silver | World MasterCard | Visa Platinum | Credit card | Mastercard World Elite |
| Execution of non-cash transactions at points marked as: casinos, online casinos, games of chance, bookmakers, lotteries and totalizators. | 4%, min 10 $otych | 4%, min 10 $otych | 4%, min 10 $otych | 4%, min 10 $otych | 4%, min 10 $otych |
| Conversion of a foreign transaction made in a currency other than SAN (calculated from the value of the transaction after conversion to the currency of the card accounts). | 2,8% | 0% | 2% | 2,8% | 0% |
Deadlines for depositing and withdrawing funds (for example, Visa and Mastercard)
We checked the most popular online casinos that accept Visa and Mastercard. Based on this information, we have created a table with deadlines for deposits and withdrawals of funds so that our readers can understand what are the approximate limits that brands usually set for credit cards and how long to wait for funds.
| Credit Card | Limits | Average deposit Time | Average payout time |
| Visa | min. 10 / max. 2000 euro (min. 45 / max. 9000 $otych) | immediately | 1-5 days |
| Mastercard | min. 10 / max. 1000 euro (min. 45 / max. 4500 $otych) | immediately | 1-5 days |
Summary
At the end of our article about credit cards in virtual casinos, we would also like to summarize what are the pros and cons of such casinos.
Advantages:
- making a deposit is very easy;
- one of the most popular payment options not only in casinos, but also in everyday life;
- all transactions are instant;
- such payments are secure thanks to encryption;
- most legal and best online casinos accept payments (mainly deposit) with both Visa and Mastercard.
Wagy:
- not all brands accept credit cards for withdrawing winnings;
- commissions are charged by South African banks;
- the waiting time for payment lasts for several working days.
