The Best Visa/Mastercard Bookmakers for Canadians

Visa and Mastercard are two of the best-known and widely accepted credit cards on the planet. When online bookmakers started to proliferate back in the 1990s, Visa and Mastercard were among the limited payment options available. Even though dozens of payment methods now exist, Visa and Mastercard remain among the most widely used options. You are at the right place if you want to find out about the best Visa/Mastercard bookmakers.

Canadian Bookmakers with Visa/Mastercard

While you may think of Visa and Mastercard as credit cards, you should remember that you’ll find those brand names on millions of debit cards. When you see those Visa and Mastercard logos at an online sportsbook, you can use either your Visa/Mastercard credit card or your Visa/Mastercard debit card. Additionally, Visa and Mastercard also provide convenient pre-paid options. You’ll find the best Visa/Mastercard bookmakers in the list below.

Why Choose Visa/Mastercard?

Pros:

Accepted at almost all reputable bookmakers
Instant deposits
Highly secure

Cons:

Not all bookies support Visa/Mastercard withdrawals
Fees can add up
Withdrawals typically take longer to process than most other methods

Credit cards make it easy to pay for almost anything, even if you don’t have enough cash in your bank account to cover the purchase. The same can be said of debit cards except that debit cards only allow you to spend what you actually have in your bank account. Financial institutions don’t give credit cards to just anyone.

You must apply for one and meet certain requirements. If you do not qualify for a credit card, but you have a bank account, many institutions can issue you a Visa or Mastercard debit card. If you can’t get a credit card and you don’t have a bank account, you can purchase a pre-paid Visa/Mastercard at a retail outlet like a gas station or drug store.

Using any of those aforementioned products comes with many benefits. For starters, almost every online bookmaker accepts them. Whether you are using a credit, debit, or prepaid card, making deposits at Visa/Mastercard bookmakers is easy and your betting account balance is instantly credited. You can make a Visa/Mastercard deposit by doing the following:

Log into your sportsbook account
Go to the banking section
Select “Deposit”
Choose Visa or Mastercard from the list of payment options
Enter the amount you wish to deposit
Typically, you’ll have to provide:
1. 16-digit number on front of card
2. 3-digit number on back of card
3. Expiry date
Confirm the transaction
Collect any available bonus
Start betting

As convenient as Visa/Mastercard credit cards are, you need to be aware that the transaction fees can be a lot higher than they are for other methods. You may also be faced with additional fees such as cash advance fees and even currency conversion fees.

These charges depend on the type of card you have and the fees that the issuing institution levy. Make sure you check with the card issuer to find out what fees you may be charged. Debit cards and pre-paid Visa/Mastercard gift cards are normally a lot cheaper to use.

Another significant drawback of using a Visa/Mastercard credit/debit card is that not all of them can be used to conduct withdrawals. You definitely won’t be able to withdraw using a gift card. Check with your card provider and bookie to find out if you can use your card for withdrawals at Visa/Mastercard bookmakers. If you can’t, you can easily find an alternative method for withdrawing.

Finally, even if your Visa/Mastercard permits you to make withdrawals, credit/debit card withdrawals usually take longer to process than many other methods. You can expect to wait for 3 to 5 business days at least.

FAQs

How do I get a Visa/Mastercard credit card?

You can apply for a Visa/Mastercard credit card at your bank or online. Be prepared to divulge sensitive personal and banking information. To get a Visa/Mastercard debit card, you need to have a bank account at an institution that issues Visa/Mastercard debit cards. Pre-paid gift cards can be purchased at various retail outlets and online.

Can I deposit and withdraw money with Visa/Mastercard?

Almost all online bookmakers accept Visa/Mastercard deposits. However, not all credit/debit cards allow you to make withdrawals. Check with the issuing institution and your bookie to find out more.

How long does it take to withdraw money from an online sportsbook using Visa/Mastercard?

The time it takes to get your money using Visa/Mastercard bookmakers depends on the bookie. Assuming the sportsbook can process your credit/debit card withdrawal, different sites have different pending periods and processing times. Generally speaking, you should have your money in about 3 to 5 business days.

Are there any fees associated with depositing money with Visa/Mastercard?

Bookmakers seldom charge you anything for making deposits using Visa/Mastercard, but the card company will inevitably charge a transaction fee. This fee varies depending on the type of card you have.

Is it safe to use Visa/Mastercard?

Yes. Visa and Mastercard are among the most secure payment methods around. Of course, you want to make sure that the site you are using is secure and that you never conduct transactions over an open internet signal.

Do all bookmakers accept Visa/Mastercard?

Almost all online betting sites accept Visa and Mastercard.

Conclusion

If speed, convenience, and security are important to you, then you should consider using Visa/Mastercard credit/debit/pre-paid cards to make your bookmaker deposits and withdrawals. Because most online sportsbooks offer these payment methods, you won’t find yourself scrambling to find an alternative payment method.

Pretty much all Visa/Mastercard bookmakers offer bonuses for using this method and deposits are always instant which allows you to start betting right away. Use your Visa or Mastercard to make your instant deposit, place your bet, and then use your card to order a pizza while you watch your wager unfold.