The Visa Electron card is a credit / debit part of the Visa network. The only distinction that can be drawn between these two cards is that the former has some restrictions compared to the second. For example, the Visa Electron card can't be used if the balance of its holder is insufficient (the overdraft limit is low). However, Visa Electron is widely permitted in the electronic payment network, just like most other debit card services. Visa Electron is distributed in over 150 countries worldwide and is licensed by nearly 30 million online merchants.
Visa Electron certainly has some restrictions but it also has advantages. Firstly, it may be issued to minors are over the age of 13 and is free of charge until the age of 18. Subsequently, users who exceeded the majority will only have to contribute 25 Euros per year to enjoy the Visa Electron services. However, using this card, it is unlikely to purchase more than 50 000 Euros per year. The big players may be disappointed by this limitation but Visa Electron is the number one form of payment for no less than 8 million merchants around the globe.
Withdrawals and deposits
Visa Electron is like any other credit card from the same family, and is connected to the bank account of the user. A specific currency is associated with the card. For withdrawals, deposits and fund transfers made via the Visa Electron card, withdrawals from your account will be made in that currency. However, when paying online, the electronic card is instantly exchanged in the native currency of the receiving bank for payment. Visa Electron is available in several international languages such as English, French, German, Spanish, Italian, Portuguese and many others. Almost all online gambling establishments authorize this payment method and it has the advantage of being highly secure and standardized in all countries.
- Visa Electron enjoys the reputation of VISA and is designed for clients or players reluctant or fearful over the management of their expenses or even the risk of fraudulent use of their card. There really is no secure payment more so than VISA.
- Visa Electron is available in several international languages and is therefore accessible to customers worldwide. It promotes intercultural exchanges.
- Finally, Visa Electron costs nothing and is rarely subject to taxation at the time of deposits, withdrawals or money transfers or exchanges.