Visa is one of the most well-known trustworthy payment providers in the world. Visa is renowned for their constantly updated security systems, and they are lauded for remaining relevant amidst a sea of modern, online payment providers. Visa is the most popular credit card in Japan; their market share is over 55%. So, it’s not surprising that Visa is also one of the most popular payment methods at online casinos in Japan.
Why Use Visa?
Visa enjoys such a high level of popularity for a number of reasons. The main reason is safety. Visa offers players a two-factor authorization system (Visa Secure) for confirming payments, as well as state-of-the-art encryption technology that protects your data from prying eyes. It is also possible to use Visa QR codes, which means you never have to input your card details online, you simply scan the casino’s QR code and enter the amount that you wish to deposit. The second big reason that Visa is so popular in Japan is availability. There is a huge range of sites that accept online casino Visa card payments, and you can find info on all the sites available to Japanese players at a reputable review site.
It is also easy to cancel a Visa card if you lose it or if someone steals your details. And Visa also offers a Visa debit card, which you can use at online casinos, A Visa debit card is an excellent option for online casino payments because using one prevents you from spending more than you can afford. And if, in the worst-case scenario, an unscrupulous third party manages to get hold of your card details, they won’t be able to go on a huge spending spree with your hard-earned funds.
The only downside of using Visa as a casino payment method is that you can only use Visa to make deposits. This means that Japanese players need a second payment provider to use when it come time to withdraw those hard-won winnings. Having to switch payment providers can be a bit annoying but judging by the number of players that still use Visa for deposit, the annoyance is clearly minimal. There are several reputable payment providers available to Japanese players for making withdrawals, such as Venus Point, EcoPayz, iWallet, and virtual currency.
Japanese players should keep in mind that when it comes to safe casino payments, it is also necessary to ensure that the casino itself is secure. Visa, for example, can only do so much to protect your finances. You must make sure that the deposits you are making are being made to a reputable casino site. The casino must be fully licensed and regulated by a strict government regulator, such as the Malta Gaming Authority (MGA), or the UK Gambling Commission (UKGC).
It should also be noted that prior to making a withdrawal, and sometimes prior to making a first deposit, players will need to verify their identity. It is not enough to rely on Visa Secure’s identity verification system. The casino is still required to run their own KYC (know your customer) procedure, which entails having players provide documents that verify their name, age, and place of residence. The KYC procedure can take anything from 5 to 10 days to complete. It may seem excessive to have to verify your identity, especially when Visa is effectively doing it for you, you should keep in mind that it is being done for your own safety. If someone has stolen your credit card, the KYC procedure is there to ensure that they can’t use it without verifying their identity, which, of course, they won’t be able to do.