Visa is a great deposit option because most adults in Canada will have either a Visa or a Mastercard. The issue with Visa comes in that they are attempting to block payments to online gambling sites.
Some sites have found ways around this restriction and still allow Visa deposits, but you should be aware when attempting to use your Visa to deposit that the transaction may not be approved. Also, it seems somewhat random with Visa’s from certain banks working at certain sportsbooks, while Visa’s from other banks do not work, etc, etc. Basically, I suggest you try depositing with your Visa card and if it is not accepted then look at depositing via another method that the betting site accepts.
Sportsbooks Accepting Visa Deposits
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Visa Deposit Guide
Depositing via Visa at an online sportsbook is pretty much the exact same as using your Visa for any online purchase.
You will need to provide your credit card number, CVV (verification number), the expiry date and the amount you wish to deposit.
After entering all of that information just click deposit and you will be notified whether or not the deposit was accepted.
Visa Gift Cards
If your regular Visa card doesn’t work it is still possible that a prepaid Visa gift card could work for your deposit.
For example, some Canadian banks will attempt to block gambling transactions, which could make it difficult to deposit with your own credit card, but there is usually no problem with a gift card. If you do decide to go the gift card route I suggest asking customer support which prepaid gift card you should buy in order to guarantee that your deposit will work.
From my experience if you are going to buy a prepaid credit card you should go with the Vanilla MasterCard. I have never heard of any problems depositing with Vanilla MasterCards, but I have heard of prepaid Visa’s not working at Sports Interaction.
Withdrawals work differently depending on which sportsbook you are using. At Bet365 they will try to cash out your winnings back to your Visa card. If this isn’t the withdrawal method you want you will have to contact customer support to add a new cash out method to your account.
At Bodog and Sports Interaction they will require that you send in some verification documents including a piece of government issued identification (drivers license), proof of address (any bank statement) and likely proof that you own the Visa card (a screen shot of the card in your banking account would suffice). After jumping through these hoops you will be able to request a cashout via cheque or bank transfer.