Introduced in 1985, Visa Electron is a sister card to Visa Debit and the direct competitor of MasterCard's Maestro brand. It is one of the most popular UK sportsbook deposit methods used online. Unlike in the case of standard Visa cards, Visa Electron cards require all funds to be available on your account at the time of the payment. Visa Electron cards are issued all around the globe with the exception of Australia, Canada, Ireland and the United States. Most of the UK-facing sports betting sites are completely fine with accepting Visa Electron payments and even support Visa Electron withdrawals, making this payment method one of the most sought after sportsbook banking methods among players.

However, you should keep in mind that while making a deposit using this method is pretty much instantaneous, withdrawals usually take a day or two to process. Making deposits via Visa Electron is perfectly safe, quick and extremely reliable. Unlike US-based sports betting participants, UK-based punters don't have to worry about having their transactions blocked due to anti-gambling regulations, which means that your payments are pretty much guaranteed to go through every single time. Because this card is not issued to Americans, players in the United States can visit our page on USA sportsbook deposits to find the best US friendly banking methods to use.

Making a Visa Electron deposit to a UK-facing sports betting site is very similar to paying for any other service online or making a purchase at an online shop. All you have to do is open the cashier menu, pick the relevant option, fill out a simple form, adjust the size of your payment and confirm your deposit. As briefly touched on above, Visa Electron deposits are processed instantly, so the money should be credited to your on-site account within a couple of minutes from placing the request. Using this method to add funds to your sports betting balance is completely free of charge and allows you to transfer massive amounts of money.

However, you have to keep in mind that the name of the card holder has to be the same as the name of the person that owns the sportsbook account. If the names don't match, many sports betting sites will simply suspend your account in order to prevent any potential fraud attempts. Furthermore, you should remember that using a debit card like Visa Electron doesn't give you access to any special deposit method specific bonuses, as promotions of this kind are usually available exclusively to bettors who use Neteller or Skrill.

Online sportsbooks usually require you to withdraw using Visa Electron if you've used this banking method to make a deposit. Cashing out via a bank wire transfer or any other alternative method usually requires you to be in good standing with the site and to request it by contacting support. This means that if you're not a returning customer, you probably won't have any choice when it comes to cashing out. Much like Visa Electron deposits, Visa Electron payouts are usually completely free of charge and can be ordered via the standard cashier menu.

As briefly touched on above, Visa Electron withdrawals aren't instant. If your card has been issued in the UK, the entire process is likely to take up to two days. However, if your card has been issued abroad, you might have to wait for up to 5 days before you receive your winnings. Last, but definitely not least, you should remember that many sites are going to charge your account with standard transaction fees if you decide to cash out your entire deposit without placing any wagers. Consequently, you shouldn't make any deposits to UK-facing sites if you aren't planning on taking advantage of the markets that they offer. You can register for an account to gain access to all areas of the site, and then spend some time exploring the website, checking out their features and betting lines prior to making any deposits into your account. This should eliminate the risk of funding an account you don't want to use. Taking a look at our sportsbook reviews should also help in determining the type of betting destination you may be interested in.