Using Your MasterCard for Online Gambling
MasterCard is one of the most popular deposit methods for players at online casinos. MasterCard is accepted at almost all casinos online and it can be found in most wallets around the world. It's therefore not surprising that MasterCard is widely used for online gambling. However, in most cases, it is not possible to make a withdrawal from a casino using your MasterCard. This used to be true for all vendors regardless of the country but there are today some exceptions to this rule. However, as this is an exception and not yet an option for most players, most frequent casino players, therefore, do deposits with their MasterCard and withdrawals by using an E-wallet like Neteller or Skrill.
About MasterCard
MasterCard is a great payment option for those who want to make payments online, including at online casinos. MasterCard was established back in 1966 and remains a highly reputable payment method accepted in over 210 countries around the world and offered by more than 25 companies. Getting a MasterCard means applying for one at whatever bank you use, so long as your bank supports the MasterCard logo.
MasterCard Deposits to Online Casinos
If you love the online gambling experience, and you want to be able to do it more often, then using your MasterCard at your online casino may be exactly what you need. The good news is that MasterCard is accepted by basically every online operator regardless of where you live or in which currency you play!
Using your MasterCard means easy and quick deposits. It might also mean taking advantage of larger welcome bonuses specific for cardholders. With the Mastercard, you can deposit larger sums of money and enjoy wins from online Mastercard casinos with great payout percentages. Moreover, MasterCard is known for its excellent customer service so if there are any issues, someone will be there to help.
MasterCard withdrawals from casinos
As there are several different types of MasterCards today, both within and between countries and some brands opening their own branded MasterCard, we have also started to see a change in the policy regarding deposits "back" to the card. If you play at online casinos this would then mean withdrawals. Up until recently, withdrawals were not possible using a MasterCard. Today it might be possible for some cards, in some countries. If you have a MasterCard issued in the UK then you might belong to the lucky few that can get their winnings paid out to their MasterCard. Just remember that even if the operator is able to process your withdrawal to your MasterCard, the basic rule applies that your last deposits must have been made through your MasterCard.
MasterCard Options
When you use your card to fund your online casino, you can choose between one of three card types:
- Credit Card
A MasterCard credit card is a generic credit card which you can obtain from many financial institutions around the world. If this is what you want, be prepared to look for three varieties: Standard, World, and World Elite. The World Elite has very appealing benefits for big spenders but the standard card has an extended warranty, zero liability protection, and ID theft protection which is well suited to online gamblers. The interest on such cards is going to depend on which financial institution is supplying the card.
- Debit Card
The debit cards have the same amenities and advantages users would reap with MasterCard but it is not on credit—it is tied to your bank account. So money comes right from your bank and you never have to worry about making timely payments.
- Prepaid Card
These are cards that you buy from a store, online, or at certain banks. You may need to provide identification and proof of address when you apply. Once you are approved (this is fast and simple) then you can activate the new card and register. Most of these work just like a debit card for your MasterCard payments. You load money onto them and then use that money like a debit card until it runs out. Then you just put more money on it. Sometimes people give MasterCard Gift Cards as a gift. They are pre-loaded and technically a prepaid card offered by a third party. You can use the gift amount on the card and subsequently reload it if you want to continue gambling.
Advantages of using MasterCard for Casino Deposits
Despite the disadvantage of not being able to make withdrawals using MasterCard, it still remains as one of the most used payment methods at online casinos mainly due to the following advantages;
Easily available - most people today have a MasterCard in one form or another
Available in most currencies - MasterCard is totally international. Use of this card extends around the world so there might be certain gambling sites that do not accept local banks, or foreign banks, or money orders, but they will accept any card with the MasterCard logo on it.
Reliable - payment issues like time outs and double crediting rarely occurs. MasterCard ensures all transactions being safe and hassle-free
Generous credit card limits - if you use your MasterCard as a credit card but use this with care when comes to online gambling!
Low fees - when you use a MasterCard casino you will pay limited fees with your debit card or prepaid card. These limited fees are more appealing compared to the fees you would be charged for using a credit card. Moreover, using the latter two forms of cards means the opportunity to load winnings back onto the card whereas credit cards might not allow this.
Easy to use online - once you have signed up for a site, the process of depositing funds is easy. You go to the cashier section of the casino site and from there, pick the MasterCard logo or button under the deposits page. Simply fill out your card details and the amount you wish to deposit. Money should be available instantly.
Disadvantages of using MasterCard for Online Gaming
The main disadvantage of using your MasterCard when playing at an online casino is related to the inability to use the card for withdrawals. Above this, some players prefer to use E-wallets or prepaid cards as the use of a MasterCard or Visa card, means that the card must be registered at the casino site. Playing at one of the sites we recommend will not be a concern as they use the highest and latest financial protection technology to keep your financial information secure. Your credit card information is not stored at the actual casino as all transactions to and from the casino is handled by a recognized financial institution. This means that no actual person at the online casino support team has access to your card details, only the last 4 digits. A disadvantage that might be more of an issue is the risk of overspending. This is related to the type of MasterCard you have. If you use a credit card you need to pay close attention to your online spendings not to get an unpleasant surprise at the end of the month. The same applies if you get all of your transactions deducted as a lump sum at the end of the month rather than deducted at the time of the actual transaction. Obviously, it is in your best interest to look over any account statements you have on a monthly basis just to make sure that everything is covered.
One more word regarding the safety of using MasterCard
When you use a MasterCard online for shopping or gaming, you can feel safe as both the card issuer and the MasterCard Company have very high-security measures to protect your information against identity theft and fraud. Most issues concerning safety actually occur at home where we fail to protect our login details. As general advice, you should always make sure to protect your card number as well as your password to your online casino account to make sure no one else can log in and use your details.
Start playing your favorite online casino games now using your MasterCard!
