How to Use Visa Fast Funds
Using Visa Fast Funds to withdraw your winnings from a UKGC-licenced online casino is straightforward.
Log in to your online casino account and navigate to the withdrawal section. From there, select Visa Fast Funds as your preferred withdrawal method.
Once you have selected this option, you will be prompted to enter your Visa card details, including the card number, expiry date, and security code.
You must also provide your name, address, and the amount you wish to withdraw.
It’s the same process as requesting a regular withdrawal to your Visa card, except that this will be processed quickly.
Withdrawal Times and Fees
One of the main benefits of using Visa Fast Funds is the fast withdrawal times.
In most cases, you can expect to receive your funds instantly or within a few minutes of making a withdrawal request.
However, it’s worth noting that some online casinos may take longer to process your request, so checking the withdrawal times before you start playing is always a good idea.
While a Visa Fast Funds withdrawal is almost instant, the bottleneck here is how fast a casino will process your withdrawal request and pay.
Regarding fees, Visa Fast Funds withdrawals are generally free, although some online casinos may charge a small fee for using this service.
Again, it’s always a good idea to check the fees before you make a withdrawal request to ensure no fees are associated with this payment type.
In conclusion, Visa Fast Funds is an excellent option for UK gamblers who want to withdraw their winnings quickly and efficiently.
By choosing a UKGC-licenced online casino that offers this feature and using a Visa card from a participating bank, you can enjoy a hassle-free and secure way to receive your funds.
Visa Fast Funds Compared to Other Methods
Let’s compare Visa Fast Funds with other payment methods that promise instant withdrawals.
We’ll see that it’s a superior option because the fees are smaller, and all those instant withdrawal methods usually require an additional step before you can have the money.
PayPal can transfer money to your bank account or your Visa card, and while the withdrawal to PayPal is instant, there’s an additional step to get it to your Bank Account, unlike Visa Fast Funds, which is direct. There’s also a fee to consider with Paypal.
Neteller and Skrill also have fees associated with the ATM withdrawal of the funds, and that’s if you have their plastic Mastercard.
If you don’t, you’ll pay a hefty fee to transfer the money to your bank account or card.
Compared to the regular Visa Direct card withdrawal, it’s a no-brainer. You want to use Fast Funds instead. It reduces the withdrawal time from 1-2 days to 30 minutes maximum.
Compared to withdrawing to your bank account, Visa Fast Funds is a perfect replacement.
Some people use over-the-counter bank account withdrawals to avoid the fees associated with other methods, such as PayPal, but in the case of Visa Fast Funds, that’s not an issue since there are no fees.
To conclude, no payment method would be better than Visa Fast Funds for a UK player playing at a UK casino that offers Fast Funds withdrawals if you have a Visa card issued by a bank that supports Fast Funds.
If you don’t, the next best thing is probably a debit card withdrawal. PayPal is not a bad option either if you don’t mind the fees.
Visa Fast Funds Frequently Asked Questions (FAQ)
Do I have to apply to use Visa Fast Funds?
No. If you have a Visa card issued by a bank that supports Fast Funds, and your online casino offers Fast Funds as a withdrawal option, you’re good to go.
Does Mastercard have a similar feature?
Yes. It’s called Mastercard Send and promises transactions to be completed in seconds. It, however, is not yet a feature in UK online casinos.
