Paying via credit and debit cards is one of the most popular options offered by the vast majority of reputable online casinos. Players appreciate high security standards applied by payment service providers as well as the convenience of using a tool they regularly pay with both in the physical and the virtual world.
MasterCard is one of the two preferred payment methods for online gamblers everywhere. The company dates back to 1966, which is when a group of banks created the Interbank Card Association, acquiring the Master Charge name 3 years later and rebranding to MasterCard in 1979.
The ‘90s saw birth of Maestro, world’s first global online debit program, and in 1997 the company launched “Priceless” advertising campaign which runs to this day. Multiple acquisitions later, MasterCard claims a strong number 2 position on the global cards market.
The company currently performs transactions in 150+ currencies and more than 210 countries worldwide. As of December 2017, they’ve got over 1.800 million cards in use, and that’s excluding Maestro and Cirrus.
MasterCard portfolio encompasses credit, debit and prepaid programs along with commercial payment products and solutions. Their family of brands includes MasterCard, Maestro, Cirrus and Masterpass. The latter is a digital wallet created to simplify the checkout process with a single secure account and it works across different channels and on any device. The assortment of credit cards ranges from standard ones to World Elite MasterCard with top-of-the-line features and benefits. Everyday MasterCard Prepaid Card makes it unnecessary to carry around piles of cash and is attainable without a credit check or a bank account.
The company also offers a range of value-added programs and services which include state-of-the-art safety and security measures, loyalty schemes and rewards, upgraded processing capabilities and professional advisors. Chip cards have an embedded microchip which provides increased protection against fraud by making each transaction unique and next to impossible for fraudsters to replicate.
MasterCard ID Theft Protection helps detect and resolve identity theft, and users can also sign up for MasterCard SecureCode and make their online shopping experience even more secure by using a private code known only to them and their bank. Zero Liability protection is one of the security benefits which gives cardholders a peace of mind in knowing that MasterCard won't hold them responsible for unauthorized transactions, whether they were made in-store, over the phone or online. The company continues to innovate; biometric identification, scheduled to launch by April 2019, is only one of the novelties aimed at increasing the security of shopping.
If you have ever used your this credit card to pay for any goods or services online, you’ll know all you need to know to make a deposit at an online casino. Select MasterCard from the list of available payment options, enter your card details (the 16-digit number, expiration date, your full name and 3-digit CVC security number on the back of the card), choose the amount that you wish to deposit and confirm the transaction. Once that’s done, money will arrive within seconds and you can use it to bet on any game of your choice.
Withdrawals are just as easy; select the amount you want to collect and enter in your card details (same as for the deposit). Once the casino processes your request, cash should be in your hands within 2 to 5 business days. Some gaming sites may allow you to use MasterCard for funding your account but make the same payment option unavailable when withdrawing. That could be a tad annoying but you’ll still have just as secure (and potentially faster) alternatives to choose from.
Online Gambling with Mastercard: Benefits and Disadvantages
There really are no major disadvantages to making online payments to play real money casino slots and games with a MasterCard. Safety of the transactions is unquestionable, and same goes for ease of use and convenience. If you’ve got a MasterCard, chances are you’ve already used it in the same manner more than once and are well familiar with how the process functions. It takes literarily less than a minute to fund a casino account or request a payout.
The card’s wide acceptance is another important benefit and you’ll struggle to find a gaming site unwilling to accept it. Online operators normally offer higher deposit and withdrawal limits for all credit cards, this one included, and they usually don’t charge any fees. Though you may have to wait a day or two longer to receive money than you’d do with an eWallet or cryptocurrencies, payments are still much faster than when using Bank Transfer. A major advantage vs digital wallets such as Skrill and Neteller is that no additional accounts need to be opened and no new passwords remembered. Once the money arrives, you can use your MasterCard to instantly access it via one of numerous ATM machines in the vicinity.
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