Along with Visa, Mastercard is one of the most popular payment options across the globe. Both its credit and debit cards are used for various transactions daily. Nowadays, almost every online casino worldwide offers Mastercard due to the massive popularity and prevalence of this payment option.
If you are considering Mastercard as your preferred payment method in online casinos, then you are in the right place. In this text, you will learn all about making deposits and withdrawals with Mastercard and find out how safe this payment method is. We’ll also outline both pros and cons of using this banking option in online casinos so that you can decide whether it ticks all the right boxes. Stay tuned!
Since Mastercard is one of the most popular payment options in history, certain state-of-the-art security measures have been put in practice to protect a vast number of its users. For example, the chip technology implemented in the production of these cards makes them very secure and reliable.
The Mastercard Secure Code adds an extra level of protection during online purchases. Namely, without this unique code, your online purchase won’t get approved. If you want to be extra careful, you can also use a token instead of the number found on the card.
You are probably already familiar with using Mastercard for online transactions. If that’s the case, you’ll be happy to learn that depositing to an online casino by using your card is more or less the same. Here’s how it looks like in a nutshell:
- Choose a Mastercard online casino and sign up — Find a desired online casino that offers Mastercard as a banking option and create an account. During the sign-up process, make sure to enter the correct details from your Mastercard.
- Go to the Cashier section and select Mastercard as your preferred deposit option — Every online casino has a special section devoted to banking. Visit this section and choose Mastercard. Once you do so, you’ll be required to provide the relevant information so that your card gets connected to your casino account.
- Enter the deposit amount — Decide how much money you would like to deposit and confirm the transaction. Don’t forget to check what the required sum of money is so that you can claim the welcome bonus or any other promotions (the minimum deposit will be written next to the promotion of your choice).
- Start placing bets — Mastercard deposits are instant in the majority of cases. Once your transaction is confirmed, the money should appear on your casino account, and you can proceed with your online gaming journey!
In most cases, the casinos that support Mastercard deposits will also allow you to withdraw your winnings by using the same method. To do this, you will need to follow a few simple steps:
- Go to the Cashier section and select Mastercard as your preferred withdrawal option — As you can see, this step is the same as for deposits. Once again, make sure that you type in the correct card details.
- Type in the amount you would like to withdraw — Now it’s time to transfer your money from your casino account to your Mastercard. Simply type in the amount you would like to withdraw, but before that, don’t forget to get acquainted with the minimum and maximum withdrawal limits of the respective casino.
- Enjoy your winnings!
The casino will take approximately 24 hours to process the withdrawal. Once they get it done, the money will appear on your Mastercard in 3-5 business days. The fees differ from one casino to another. In some of them, you won’t have to pay any fees. Still, some online casinos will take a portion of your payment.
There are numerous benefits and advantages of using Mastercard in online casinos:
- Deposits are instant — When depositing money with Mastercard, you can expect your funds to reach your casino account almost instantly.
- Mastercard is accepted worldwide — Mastercard is a well-known company that is accepted as a payment method in almost all online casinos around the world.
- Safe and Reliable — Mastercard transactions are done through banks that use the latest security protocols to keep your personal details and transactions safe at all times. Also, there are several layers of protection before any transaction could be initiated from your card, so it’s highly unlikely anyone could interfere with your account.
- Mastercard casino payments often have higher limits — Compared to other payment methods, Mastercard transactions often allow much bigger deposits and withdrawals, so you won’t have to go through the same process too frequently.
Although Mastercard is indeed an excellent option for online casino transactions, it has a few aspects that can be improved. Some of the major drawbacks regarding the use of Mastercard in online casinos include:
- Long withdrawal times — Most often, players have to wait 3-5 days for their winnings to appear on their account.
- Transparency — Whenever you use a credit or debit card in online casinos, your bank is informed about your transactions, which can cause some problems if you’re coming from a country where online casinos are not legal.
To wrap it up, Mastercard is a great option to be used for online casino transactions, as it is one of the safest payment methods currently available. Furthermore, you’ll enjoy the benefits of instant deposits and high withdrawal limits. Although you will probably wait a few days until your winnings get transferred from a casino to your account, you can rest assured Mastercard will do its best not to let you down in any way.
Is Mastercard a safe payment method?
Yes, Mastercard is one of the safest payment options currently available. Cutting-edge protective measures and security codes will guard your sensitive data at all times.
Can I use Mastercard for casino deposits?
Yes, of course. Mastercard is usually one of the leading banking options in most online casinos.
Is Mastercard accepted in online casinos worldwide?
Yes, it can even be said that Mastercard is a universal payment method. Therefore, almost all casinos around the world have included Mastercard in their list of available payment methods.
How fast are Mastercard deposits?
Mastercard deposits are almost instant. It should take no longer than a few minutes for your money to appear on your online casino account.
What are Mastercard withdrawal times?
Usually, players have to wait 3-5 days for their money to be transferred to their bank account.