You can obtain a MasterCard through a bank or another institution that offers financial services. Some companies, such as airlines, offer MasterCard credit and debit cards with the ability to collect the company’s loyalty points with each purchase. There are a few subcategories for MasterCards, namely:
MasterCard credit cards offer credit to the users, meaning the money is a loan that is paid back in instalments. Some countries have banned the use of credit to pay for gambling, so paying for deposits at online casinos with a credit card may be prohibited.
Banks that offer MasterCard products often offer a debit card option, which deducts each payment from the bank account as soon as it is made. MasterCard debit is a widely accepted payment method at online casinos, making it a popular choice.
Unlike debit cards, prepaid cards are not linked to a bank account. Rather, prepaid cards are paid for beforehand and can be topped up as the funds run out. Prepaid cards are a popular choice for online payments as they are slightly more secure for not being linked to a bank account, and because it is easier to keep track of spending when using a prepaid card.
MasterCard Gift Card
MasterCard gift card is essentially a prepaid card which is gifted to another user. Some online casinos do not accept payments made with gift cards, so using a debit or a prepaid card is a surer option.
Using MasterCard is one of the easiest ways to pay for a deposit. Just follow these three simple steps:
Navigate to the Payment Page – After you have created an account at an online casino, click on the deposit button to proceed to the payment page. First you can choose the amount you wish to deposit. Please note that the minimum deposit varies between casinos.
Fill in Your Details & Card Information – Fill in the details printed on your MasterCard. This information includes your card number, your name, and the expiry date. These can be found on the front of your card. You will also be asked for a CVV security code which is printed on the back.
Wait for Confirmation – Once you submit your information, you have to wait a few seconds for the payment to be processed. If your bank uses some extra verification methods, such as a security code sent to your phone, this will take place during the confirmation. Once your payment has been processed, the funds are immediately visible on your casino account balance.
Most online casinos accept MasterCard as a withdrawal method as well. Here is a short guide on how to withdraw funds:
Make a Withdrawal Request – Navigate to the page for withdrawing money from your casino account balance.
Enter Withdrawal Amount & Card Information – Fill in the required information, such as how much you wish to withdraw. Select MasterCard as your method. You may be asked to provide the same card information as during deposit unless you chose to save your payment details on the casino’s server.
Wait for Your Money to Appear on Your Bank Account – Once the withdrawal request has been sent and approved by your casino, you will have to wait a few days for the money to be sent through. The length of this processing time depends both on your casino as well as your bank.
Safe is MasterCard?
As one of the two major global payment card issuers, MasterCard values their customer’s security above all else. Working in close cooperation with the leading banks in the world, they strive to be a forerunner when it comes to security. MasterCard uses a method called SecureCode for online purchases, where the card user may have to verify who they are by providing extra information on top of the card details. This may be a code sent to their mobile phone or some other information.
Even should the customer’s MasterCard get stolen, the company has a zero-liability policy, meaning that the customer is not held accountable to any unauthorised transactions. The company will not charge any payments not made by the card’s owner.
Alternatives to MasterCard
MasterCard’s largest rival is Visa, which works very similarly and is offered as widely as MasterCard is. There are also some smaller credit and debit card companies, such as American Express, which may not be accepted everywhere in the world. If you are looking for a way to make payments that do not involve the use of a card but are just as easy to approach as MasterCard is, you should check if your bank offers any direct banking methods. Another option is to use electronic wallet services.
MasterCard offers one of the most convenient ways to pay for deposits at online casinos, because it is accepted by almost all casinos and plenty of casino users are already in possession of a debit card. Despite the common misbeliefs that credit card information gets stolen easily, they are an extremely secure way to pay, especially when combined with enhanced security measures such as MasterCard’s SecureCode.