With the recent increase in popularity of prepaid credit card services, Canadian casinos have been quick to adopt this new method of payment. In this article, we’ll take a look at some of the advantages and disadvantages associated with using prepaid cards.
First and foremost, Canadian casinos that accept prepaid Vanilla Cards are able to save money by taking advantage of this new payment method. Since they don’t have to pay for credit card processing fees, they are able to pass on some of these savings to their customers.
For card service providers, this means higher profits as well as more potential for growth. After all, they do not need to pay for credit card processors. As a result, they are able to provide competitive casino gaming services to their customers, thereby attracting new customers who would otherwise have chosen to gamble in other locations.
However, there are also some disadvantages associated with using a prepaid Vanilla Card. As mentioned above, because these cards are not issued with a credit or debit card logo, customers who do not wish to use credit cards will not be able to use their card to purchase products at Canadian casinos. Moreover, if you happen to use your Vanilla Card at a casino, the amount of money that you are paying out to the casino for each dollar that you spend is considered as cash, and you may be subject to a deposit penalty.
The other disadvantage associated with using a prepaid Vanilla Card is the potential for fraud by third party retailers. Since there is no magnetic stripe technology or digital signature, it is very easy for someone else to obtain your credit card details and make purchases from the same card.
Despite these issues, many people choose to use a prepaid card at Canadian casinos because they are convenient, allow them to enjoy their favorite gaming activities without worrying about the cost of actual cash, and they are safe. However, using a prepaid card does come with some inherent disadvantages, which must be carefully weighed before deciding whether you should use this type of credit card at a particular casino.
In general, Canadian casinos that accept prepaid Vanilla Cards do not require pre-payment of any sort. They are not affiliated with either MasterCard or Visa, and therefore you do not need to use your credit card with them at Canadian casinos in order to withdraw money from the ATM machine. Because of this, you should be aware that you may be required to pay some money at the checkout counter if you choose to pay with your credit card.
Another disadvantage of using a prepaid Vanilla Card is that because it doesn’t use a magnetic stripe, you will not be able to access a particular casino’s online gaming facilities. This may also apply to other aspects of your online gaming experience as well, such as access to the casino’s website, video game rooms, poker room, and bonus games.
However, there are also benefits to using prepaid cards when using Canadian casinos. For example, they do allow you to avoid having to pay for credit card processing fees.