Gambling Sites That Accept MasterCard Deposits
MasterCard is one of the world’s largest credit and debit card providers as well as related financial services. It is a safe and secure option for funding your online casino account.
MasterCard is on par with Visa as being a leading financial service provider, and on top of debit and credit cards, it also offers prepaid cards, making it a triple threat for banking at online betting sites.
MasterCard branded cards are issued through over 25,000 banks around the world and an excellent option for online players.
With so many casinos on the Internet, there are numerous reasons why you should try MasterCard betting sites for your online gambling needs.
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What is MasterCard?
MasterCard can be traced back all the way to California in the 1960s when five bank consortiums founded the company in a bid to compete with the renowned Bank of America’s credit card facility.
MasterCard got off to a slow start but soon gained momentum as financial products seemed like the way forward.
MasterCard was launched in the British market in the 1990s before merging with Europay in 2002. Since 2006, the company has continued to grow and is now the foremost global financial service provider, holding the second largest share of credit cards in the world.
MasterCard has joined forces with many banks to issue its credit and debit cards, while thousands of service providers, retailers, and institutions make use of its services, including online casinos and betting sites. At present, MasterCard is widely accepted at the best online casinos in the UK.
How Does MasterCard Betting Work?
As one of the biggest credit and debit card providers in the world, you will be hard-pressed to come across an online betting site that does not accept MasterCard as a payment option.
That being said, the manner in which you use your MasterCard at online casinos depends on the product you are using.
Generally, players are required to provide basic personal and financial information to the betting site, including card number, security code, and expiration date. Some casinos will also require your address, contact number and an email address, which is standard procedure.
While making deposits using MasterCard is generally the same as using Visa or Maestro cards, it is important to note that you will have to use an alternative withdrawal method. This is because, due to UK regulations and MasterCard payment processing terms, online betting sites cannot credit payments back to the account, especially cash outs that are larger than the initial deposit.
There are four MasterCard options to choose from:
- Credit card
This is a regular credit card offered by many banks and financial institutions around the world. If you opt to bank with a MasterCard credit card, there are three cards available to use at online betting sites, namely the standard card, World MasterCard and World Elite MasterCard.
While the World Elite card is clearly the superior option of the three, using a standard card is adequate as MasterCard ensures ID theft protection, zero liability protection and an extended warranty on all its cards.
When it comes to fees, the interest and payment terms will depend on the bank supplying the card, although it is worth mentioning that a MasterCard credit card is considered a great option for customers of all budgets.
- Debit card
This is another popular type of card used at online casinos as it is widely accepted and safe to use. The debit card works like a standard bank card or credit card, with the only difference being that you cannot borrow credit from the bank. Instead, funds are taken from the money available in your account. This means you are playing with your own money and won’t need to owe the bank anything in return. It also helps players remain in total control of their budget and finances.
- Prepaid cards
This interesting option actually makes paying even easier.
Consumers can buy prepaid cards from your local bank or even at stores and online, although you may require proof of identity and address. Once purchased, you must activate and register your card before you can start using it. MasterCard prepaid cards are generally accepted at many online casinos, although credit and debit cards are admittedly more popular options.
These cards are used as debit cards in that players can only deposit money already existing on the card and do not borrow money from the bank. Once you run out of funds on your prepaid card, you must reload your card if you have that facility on your card. Be sure to check for the MasterCard repower logo on the back of your card to confirm this.
- Gift Cards
Gift cards are your fourth option and are provided by third parties as gifts. They work the same way as prepaid cards do and are usually accepted at many online betting sites.
Advantages to MasterCard Betting Sites
There are many advantages to using MasterCard betting sites for all your online gambling needs. These include:
- They are widely accepted
- Due to the size of the MasterCard brand; it is generally accepted at most online casinos and betting sites around the world. It is one of the most recognized credit and debit card providers in the world and accepted at many land-based and online establishments.
- It is safe and secure
- Again, due to it being such a massive brand, MasterCard ensures the highest levels of safety and security to its customers. Playing at a licensed, regulated, legal betting site will further improve any security concerns you may have.
- Deposit large sums of money
- MasterCard allows players to deposit larger sums of money while playing casino games, giving you more opportunities to win big.