Established in 1985 by Visa, the Visa Electron card is a debit card that is available to most of the world, however, Canada is one of the few places you can't be issued one. Visa Electron cards still work throughout the country, but they are only really used by visitors and tourists, so looking to get one to deposit into sportsbooks may be tough.
That being said, if you do already have a Visa Electron card, using it at sportsbooks that are based in places like the UK and accept Canadian bettors – Bet365 for example – is really quite easy. There are plenty of Visa Electron sites in Canada if that situation applies to you.
Visa Electron Online Race & Sportsbook Handicapping Sites
The biggest thing to note when using a Visa Electron debit card is the fact that it will not let you deposit at a limit above your available balance. Other Visa products will often allow purchases to be made that exceed limits by a certain amount, but only the funds available on your Visa Electron debit card are able to be spent. With the high limits and multiple funding options this debit card does have, if you've found a way to get a Visa Electron card as a Canadian, transferring large sums of funds to your sports betting account is simple and fast.
At almost all sportsbooks, Visa Electron deposits are processed instantly, enabling you to get action down on upcoming games in mere minutes. It's a great way for bettors who are more impulsive to get in on the action, but at the same time, attacking a sports betting career usually finds better results when big deposits and such are planned out.
The good thing about the debit card qualities of Visa Electron is the fact that most sportsbooks will allow bettors to withdraw straight to their Visa Electron card as well. Withdrawals aren't as instant as deposits, but there are still no fees involved, and the turnaround time is likely just a day or two.
Clearly the biggest issue surrounding Visa Electron for Canadian bettors is the fact that the card can't be obtained here. So while it is a solid funding method at numerous sportsbooks online, going through the hurdles of simply getting a Visa Electron card might not be worth the time when there are other more feasible funding methods available to Canadians.