In any given sector that concerns money, Visa and Mastercard are always involved. this is because this is one of the most widely used payment method, not only in Australia but the world over. Visa and Master were among the first ever credit payments that could be used and have now become the most popular to be used. This is why numerous online casinos have these two options among their many banking methods.
What is Visa?
Visa is a financial service that facilitates the electronic transfer of funds throughout the world. This service is carried by the use of Visa-branded credit cards, gift cards and debit cards. The funny part though is that Visa itself does not issue out cards, rather it provides other institutions with branded payment products that these institutions then use to offer transaction methods.
What is Mastercard?
Mastercard is also a very common banking method that most Aussies use. This is a financial service organization that processes the transactions carried out on credit cards by a range of banks and other money service providers. They, like Visa, don’t issue out cards but provide the services whereby banks can use their technology for transactions.
Visa and MasterCard are both services that many online casinos use in Australia. They are very trusted and very secure. For the most part, most online casinos use them because they are reliable and have managed to build a name for themselves in the banking realm. These can both be sued for online and other transactions.
Online Casinos, Visa and MasterCard
As to both the services Visa and MasterCard and their history with online casinos we are not too sure. both the companies and it is very hard to get the exact dates when they started accepting transactions form online casinos. They have both however managed to make up a large section in internet-based casino payments. Just like the online casinos have also managed to make a chunk of the Visa and Mastercard income.
There are many online casinos that use Visa and Mastercard. To mention them all would take days on end. However the most popular of these many web-based casinos that use Visa and MasterCard are:
- Raging Bull
- Uptown Pokies
- Gw Casino
Advantages and Disadvantages of using Visa and Mastercard
- Widely accepted: many online casinos use and accept this method of payment
- Reputation: both have managed to build up a good reputation
- Safe: there a very few cases were hackers have managed to hack the services of Visa and Mastercard
- Quality Service: Because both functions worldwide, the service that they provide is off the hook.
- Resolving debt: despite the fact that these are two major payment methods that are used worldwide, their level of resolving problems is extremely good.
- Both, when used in online casinos, are most likely to charge a transaction fee, that in most cases will charge to the player
- In some cases, both Visa and MasterCard can have a limit
- Because many Aussies use these banking options, their services may be slow to pay out.
Other Banking Methods