Visa and MasterCard are by far the most common credit and debit cards, especially outside of the US. Visa cards are used by people in more than 200 countries and there are Visa debit and credit cards as well as Visa prepaid cards and gift cards. As such, nearly everyone can get hold of some form of Visa card and they are hugely popular.
MasterCard is similarly ubiquitous. It is a bankcard that is run by a cooperative of more than 25,000 financial institutions around the world. The company first issued credit cards, but today it also issues debit cards such as Switch, Solo, Everything Card and Eurocard. In fact, a number of financial institutions have made the switch from Visa to MasterCard in recent years, and there is an argument that it will soon be the most popular payment method in the world, both online and offline.
If you have either a Visa or MasterCard, then you should have no problems using them to deposit or withdraw at Spin Rio. The process is extremely straightforward and takes very little time.
How to Make a Deposit
Depositing with a credit or debit card at Spin Rio is both fast and secure. Your deposit will be processed instantly and you have the choice of several different currencies. Simply follow these steps:
- Step 1: Click on the Cashier button.
- Step 2: Click on the Deposit button.
- Step 3: Select on the ‘Credit/Debit Cards/ button.
- Step 4: Follow the onscreen instructions. If you are not sure about something, you can always click on the Learn More button for a detailed description.
- Step 5: Return to the home page and start playing.
The first time that you use your card at Spin Rio, you will have to enter your card details (the card number, expiry date and CVV). However, if you so wish, the casino can save your card details so that in future you need just enter the CVV number, saving you time.
How to Withdraw
Withdrawing your winnings from Spin Rio is just as easy as depositing. Just follow these simple steps:
- Step 1: Click on the Cashier button in the lobby.
- Step 2: Click on the Cash Out button.
- Step 3: Choose ‘Credit/Debit Cards’ as your cashing out method.
- Step 4: Fill out the fields with the required information.
- Step 5: Click on the Cash Out Request button.
That is basically all there is to it. However, you should be aware that before cashing out for the first time we will have to verify your identity, which involves submitting a photo ID and proof of address. It is also worth noting that if you request more than one cash out in 24 hours by the same method, then they are likely to be combined into one payment.
Pros and Cons of Credit and Debit Cards
There are a number of pros to using a credit or debit card at Spin Rio; however, there are also some disadvantages that you should be aware of.
The pros are all very straightforward. For example, most people already have a bankcard of some form and know how to use them online, which makes the process very easy. Furthermore, online bankcard payments are extremely secure thanks to the numerous security procedures implemented by banks. Another major advantage is the speed. Deposits will be processed instantly while withdrawals should only take a few business days. The final thing to mention is that there are no fees for using debit or credit cards. All in all, you are likely to find the entire experience of using a credit or debit card very smooth.
However, as noted there are some disadvantages. First of all, gambling on credit is not something that is to be advised. It is easy to lose track of spending when using credit card and this can lead to problems. Furthermore, you may be charged interest until you pay the debt off in full. This is why in the UK it is no longer permissible to deposit with credit cards, only debit cards.
Furthermore, in some countries there are restrictions on withdrawing to bankcards and even when it is allowed, it is one of the slower withdrawal methods. You may also find that some credit providers consider gambling to be a cash advance transaction, and this is very expensive.
Finally, some people simply will not want a bankcard for one reason or another, luckily, if this is the case there are plenty of other options.
Safety and Security
There are many security measures that help to make credit and debit cards one of the safest ways of depositing and withdrawing at Spin Rio. To begin with, the card information is only visible to the card owner and it is encrypted when transmitted online so that it cannot be stolen. Furthermore, nearly every credit/debit card issuer today uses some form of two-factor authentication. This may be in the form of a security code sent by SMS, an automated call, or a mobile app that requires the user to confirm the transaction. As such, it is very hard for people to carry out fraudulent transactions.
If fraud does somehow occur, then credit and debit cards from MasterCard and Visa have some limited liability for the customer. Furthermore, if a card is lost or stolen, then any transactions can be cancelled and the funds returned to the card owner. A simple phone call to your bank or the card issuer is normally enough to block the card.
The last few years have seen a huge increase in the management of credit/debit cards through mobile apps. The apps provide numerous features to help users secure their online payments. In fact, some banks will even allow people to generate virtual one time use debit cards for online transactions, ensuring that even if the details were somehow stolen, they would be completely useless. In short, using a credit or debit card at Spin Rio really is extremely secure.
Credit and debit cards are often an excellent choice for both deposits and withdrawals at Spin Rio. Most people have one, the transactions are fast and free, and the security is excellent. However, they are not ideal for everyone. Some people may not be able to acquire one while others may be unable to use one due to local regulations. Nonetheless, it is not difficult to understand why they are one of the most popular payment methods in the world.