What Is Mastercard?
Mastercard is a credit card payment solution – one of the most popular and well-known – that can be used both on and offline to make payments for goods or services, and also to make withdrawals from ATM machines. It can be used in more than 200 countries across the world and at over 25 million companies.
The Mastercard payment method is accepted by many online casinos because it is so popular and convenient.
Mastercard is a great payment method for online casino players for the following reasons:
- Very common – most online casinos will accept Mastercard
- Fast – your funds are instantly transferred into your casino account
- Make deposits on credit – and pay back the amount over months
- Mobile – supported on your mobile device
Mastercard is owned by Mastercard Incorporated, a worldwide financial services business, founded in 1966 and now based in New York.
Where Can I find a Casino That Accepts MasterCard?
The following casinos all accept Mastecard:
10 Extra Spins – NO DEPOSIT100% Up To £100 + 100 Extra Spins on 1st Deposit
18+, Ts and Cs APPLY – Minimum Deposit £20
100% Extra Up To £100 And 50 Extra Spins
18+, Ts and Cs APPLY – Minimum Deposit £10
How Do I Make a Deposit With Mastercard?
Before making a deposit at your casino with Mastercard you will need to apply for one. This is a simple process and can be done online or at most banks. You will be credit-checked to decide how much credit you will be allowed on your card.
Once you have received your card in the post – usually a process of 3 to 5 days – then you are ready to deposit. Just follow these simple steps:
- Log on at your casino.
- Go to make a deposit and choose the credit card, then Mastercard options.
- Fill in your 16 digit card number, your expiry date and CVC (Credit Verification Code).
- Complete the amount to deposit and click Submit.
As with all casino deposit methods, your deposit will appear directly into your account within seconds.
NOTE: some casinos may add a 2% or 3% charge on Mastercard payments – check their payment options information to find out. There will also be minimum and maximum deposit amounts – also defined on the site.
How Do I Make a Withdrawal With MasterCard?
Not all casinos will accept withdrawals onto Mastercard, and in most cases when they do you will have to withdraw back onto the card you deposited with. Again, watch out for fees as some casinos may charge up to 3% of the withdrawal amount.
The process is simple to make a withdrawal by Mastercard. Just choose the Credit Card and then Master Card option from the cashier menu. Fill in your details – card number, expiry date and CVC. Then the amount to withdraw is filled in.
It will take up to 5 days usually to process your withdrawal and the money to appear in your account.
What are the Advantages of Using Mastercard?
The main advantages of the Mastercard payment method are its simplicity and ease of use. You can make a deposit in minutes and the funds appear instantly into your casino account.
You can also do this on credit without needing to have the money in a bank account. Of course, you must be very careful with this as you can easily spend outside your budget. Always place limits on your own spend.
Mastercard is also one of the most popular online casinos payment methods there is so you won’t have any trouble finding one that accepts your card.
What are the Disadvantages of Using MasterCard?
Whilst Mastercard is very popular it does have its drawbacks. Firstly, security. You will be required to enter your credit card details when depositing, which means you are open to being hacked. Having said that, most casinos use secure encryption when taking payments through credit cards.
There is also the issue of paying on credit – it leaves everyone open to spending more than they can afford – so always be sure to set yourself a sensible budget.
Many casinos charge for Mastercard payments – up to 3% – so be aware that you may have to pay this fee too.
And finally, in some cases you can only withdraw back onto the card you deposited with. So be aware of this is you wish to fund with a Mastercard at an online casino.