Casinos that accept Visa
The name of the Visa card service stems from the Visa International Service Association. This company is quoted on the New York Stock Exchange under the name of V.Visa and is the most significant electronic payment network in the world, dealing with transactions for financial institutions, sellers, individuals, businesses and some government bodies.
Launched originally in 1958 as 'BankAmeriCard', it formed part of the credit card family of the Bank of America. The Visa card was initially an idea to simplify bank transactions and incorporate them via computer into the banking system rather then wasting time by handling transactions manually like before. According to a survey in 2006, Visa cards are responsible for 44% of all credit card payments.
The principle of the Visa card is basically the same as for any classic credit card: the request by the card-holder has to be approved by Visa before it can be used. Among online casinos it's the most widespread of all payment methods, enabling transactions to be made in a simple way. The speed of transactions, however, depends on each individual establishment: deposits are instantaneous but withdrawals generally will take several days.
When you carry out an online transaction, your full card number (16 digits) is requested, as well as the name of the card-holder and the cryptogram (number of the back of the card giving increased security for the customer). You can of course withdraw funds from your bank account with your Visa card, as well as paying in 'real' establishments, at which time a Pin code will be requested (it's sent to you along with your card). Nevertheless, it's important to realise that, even with these security measures, it's quite easy (everything's relative!) to 'pirate' a Visa card. It only has to be stolen from you... but to counter that, there's a special number for you to contact in case of loss or theft. As a method of payment, Visa is a close relation of the MasterCard.
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