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Using a prepaid Visa card is just like using a regular credit card, only it’s not connected to your bank account. Instead, prepaid Visa cards are one-time-only, meaning you can only use the amount of money pre-loaded on your card. Once you’ve used up your balance, your card is no longer valuable.
This means no credit checks and no need to worry about your bank balance when you go to top up your online sports betting account.
Visa prepaid cards come in a variety of values, and you can even purchase them in cash.
All of this makes prepaid cards a safe and convenient way to deposit funds at your sportsbook, and they are the first choice for lots of players in the US and around the world. On this page, we’re explaining why.
We’re looking at:
Everything you need to know about using Visa prepaid cards for online betting, both good and bad, is right here. If you need to know which sportsbooks take other forms of payments then check out our other pages:
Visa is (along with Mastercard) one of the most trusted and popular credit card companies in the world. This means the acceptance rate at online sportsbooks is very high, compared with other types of prepaid cards.
Although not universal by any means, the majority of online bookmakers in the United States and around the world accept deposits using Visa. This goes for your standard personal Visa credit or debit card, and also Visa prepaid cards. The same goes for prepaid Mastercards.
There are plenty of other types of prepaid cards out there, from the likes of American Express and others, but Visa ones are the most likely to be accepted.
DraftKings Sportsbook has been a big name in the industry for years and includes one of the largest presences in the sports betting world. Although offshore gambling sites should be treated with suspicion in general, DraftKings has a proven track record. There is also a signup bonus for new members. DraftKings specializes in US sports betting: NFL, NBA, NHL, MLB, and more.
|Sportsbook||Accepts Deposit||Accepts Withdrawal||Sportsbook Review||Sign Up Now|
|DraftKings||Yes||n/a||DraftKings Review||Sign Up Here|
|SI Sportsbook||Yes||n/a||SI Sportsbook Review||Sign Up Here|
|FOX Bet||Yes||n/a||FOX Bet Review||Sign Up Here|
|Borgata||Yes||n/a||Borgata Review||Sign Up Here|
|Hard Rock||Yes||n/a||Hard Rock Review||Sign Up Here|
|Caesars||Yes||n/a||Caesars Review||Sign Up Here|
|bet365||Yes||n/a||bet365 Review||Sign Up Here|
Prepaid cards are not free. But they’re not expensive either. When you buy a Visa Prepaid card you will pay a small fee, usually of a few dollars. If you buy a prepaid card worth $100 for example, it could come with a $3.95 fee – meaning you’ll pay $103.95 in total for the card.
The good news is this small flat fee is generally the only expense you need to worry about.
Sportsbooks rarely charge users for making deposits, especially using Visa cards. There are exceptions to this, but 9 times out of 10 you’ll be able to top up your sportsbook account using a prepaid Visa card with no extra cost.
Sportsbooks are more likely to charge for withdrawals, but since you can’t use a Visa prepaid card to withdraw (more on that later), it’s not relevant here.
You can buy prepaid Visa cards from tons of places. They are typically available in a variety of values at the likes of Walmart, Walgreens, and 7-Eleven, where you can buy them over the counter in cash.
Your card will be fully loaded and ready for use once you buy it. If you only want to use part of the balance for online gambling, you can use the rest anywhere that you would use your standard Visa card, including withdrawing cash at an ATM.
You can also buy Visa prepaid cards online. You’ll have to wait to receive your physical card in the mail, but you can receive your card information digitally, so you can use it at the sportsbook immediately.
Once you’ve bought a card, you can head to the cashier section of your casino. Select the Visa deposit option, enter your card details, and confirm your deposit.
This step takes a few seconds, and your deposit will appear in your account instantly, ready for gambling.
Prepaid cards can not be used for withdrawals. If you use a Visa prepaid card to deposit, you’re going to have to use a different banking method when it comes time to cash out.
This is one downside of depositing with Visa prepaid cards, but it’s just the nature of the technology.
Payouts are possible via all kinds of methods: PayPal, Skrill, Bank Transfer, Bitcoin, and more. It’s important to check these out in advance – including all potential fees – to make sure that your sportsbook has a withdrawal method that works for you.
Prepaid cards are very fast. The process of typing in your card details only takes a few seconds, and the payment is processed instantly. That means if you use a prepaid card you can log into your account, make a deposit and start betting all within a minute.
The only potential delay to be factored into using prepaid cards is buying the card itself. If you’re doing so online, this isn’t an issue either.
Once you’ve bought a card, either a digital one online or a physical card from a local store, prepaid cards are among the fastest deposit methods you can find.
If you make a deposit using a prepaid Visa card, chances are you’ll be eligible for a signup bonus.
Sign up bonuses are what sportsbooks use to attract new players. They come in different forms but always represent an opportunity to save some money or earn some extra benefits at the expense of the sportsbook.
Often a sportsbook will match your first deposit – either all of it or a percentage – with bonus cash. This means you regularly get to start with double the bankroll.
Bonus cash is like normal cash in that you can use to bet however you like. However, it can’t be withdrawn until you have bet (and won) with it a certain number of times – known as the wagering requirements.
There are other types of welcome bonuses too. No deposit bonuses give you some bonus cash just for creating an account, and free bets are a common offer too.
You can read more about sportsbook deposits in our dedicated section. Check out the following pages to see what the best bonuses are in your home state right now!
Using prepaid Visa cards to top up your betting account makes a lot of sense to a lot of people. Here are the main advantages:
All things considered, prepaid cards do have some downsides compared with all the other options
Any payment method endorsed by Visa is always going to be safe and reliable, and that’s exactly what Visa prepaid cards offer. The acceptance rate for Visa payments is very high, so you basically have your choice of betting sites when using a prepaid Visa card.
The security offered by prepaid cards – including never needing to give your sportsbook your personal bank info – means peace of mind no matter what site you are using.
Visa prepaid cards do have a small fee attached, which may put some users off. For others, it’s a price well worth paying. If prepaid Visa cards sound like your ideal way to make payments, check out our list of recommended sites to get started today.
Deposits via a prepaid card are done in exactly the same way as a deposit with a regular bank card. Just head to the cashier section of your sportsbook, choose the Visa option and type in your card details.
Yes. Visa deposits are processed instantly just as they would with a normal Visa payment.
No. Visa prepaid cards can only be used for deposits. You would need to find an alternative method to withdraw your winnings.
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