Updated on: January 10th, 2024
Mastercard allows you to deposit and withdraw funds securely. It’s one of the most popular banking methods online. Here, you will find a guide to both processes and the best online casinos for Mastercard banking.
Most likely, you already have a Mastercard or Maestro in your wallet, so read on to discover the benefits of using this banking method when gambling online.
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What Are Mastercard Casinos?
Online casino players are familiar with Mastercard as a popular banking method. One of the most convenient banking methods for online and offline purchases, and it’s also extremely popular worldwide.
Mastercard operates with more than 25,000 banks and other financial institutions, making it one of the largest card issuers in the world. With Mastercard branded cards, customers can find the right type of card for their needs and requirements. Plus, they can benefit from the company’s wide availability and security.
Mastercard online gambling offers a wide variety of choices since most sites accept it for deposits and withdrawals. Because of this, our team of experts has been hard at work compiling a shortlist of the best Mastercard casinos available.
You can select any featured sites and enjoy premium services, secure banking, top games, and professional customer service.
How to Make Deposits Using Mastercard
If you’ve ever used a Mastercard to purchase over the Internet, you’ll know how simple it is to use this credit card. Take your Mastercard since you will need the details listed on it, and follow these simple steps to fund your real money casino account:
- Choose one of the top casino sites mentioned above. You will receive some great new player bonuses if you register with these venues after following our links.
- Select Mastercard from the banking section.
- Enter your Mastercard number, expiration date, name as it appears on the card (prepaid cards do not need this information), and the three-digit CVV number located on the back of the card.
- To transfer money to your casino account, enter the amount in AUD.
- When you click the submit button, the money will appear in your account immediately, so you can start spinning the reels for your chance to win.
How to Cash out with Mastercard
Cashing out at most online casinos is possible using Mastercard. In the cashier section of most casinos, the withdrawal information is visible. To withdraw with Mastercard, you must follow these steps:
- Go to the cashier of the online casino. Besides being available on the site, it can also be accessed through mobile devices.
- You can withdraw funds using Mastercard. To ensure a smooth process, the card details must match the ones on the casino account.
- It is your choice how much you withdraw. The minimum Mastercard withdrawal is $20. Casinos have different maximum limits, but they generally don’t exceed $5,000 per transaction.
- Congratulations on your winnings. Casino security will process your withdrawal request within 24 hours. Within 2-4 working days, the funds will arrive on the card. Online Casino Mastercard withdrawals are generally free but sometimes charge 2%.
Benefits of Playing at Mastercard Casinos
At an online casino, Mastercard credit, debit, and prepaid cards have some great benefits:
- With Mastercard deposits, you can start playing real money pokies immediately after entering all the relevant payment details.
- Mastercard is one of the world’s most respected payment services, and all cards come with several security features. In line with Mastercard’s Zero Liability policy, cardholders will not be held liable for unauthorised transactions made with their cards, whether in person, online, or over the phone. Besides security microchips, the cards also contain ID Theft Protection.
- The most widely accepted payment method at online casino sites is Mastercard, along with Visa. You can fund your e-Wallet using Mastercard even if you deposit through a web wallet such as Neteller or Skrill.
Mastercard History
Mastercard dates back to the earliest days of plastic payment cards. To meet the increasing demand for card payments, banks formed the Interbank Card Association (ICA) in 1966.
Some years later, the group rebranded itself and its signature orange and red logo to gain an edge over its rival, the BankAmericard. The company expanded into Europe in the following decade by allying with the Euro Card and Access Card brands, and in 1979 they used the name Mastercard for the first time.
The company has continued to grow ever since. Founded in China in 1989; creating the world’s first global online debit service, Maestro, in the 1990s; and partnered with Apple in 2014 to integrate an e-wallet feature into iPhone models.
Pros and Cons of Mastercard
Due to Mastercard’s existence since the 1970s, its competitors have been sucked into a vicious cycle. Customers sign up in droves because of the company’s ever-present logo, and its continually growing customer base allows the company to increase its operations.
Pros
- Mastercard’s security features are well known. Rather than having the other way around, as with many other payment providers, merchants have to prove their reliability to Mastercard to sign up.
- Mastercard users are covered by key safety mechanisms like zero liability protection, meaning they cannot be held responsible for unauthorised charges. The money will be refunded to their accounts. If you have one of these prepaid cards or gift cards, you are not eligible for this benefit.
- In addition to encrypting contactless payments, the company also offers tokenisation: a service that replaces your credit card with a unique token in the merchant’s database, keeping your sensitive information safe.
- Like its competitor VISA, Mastercard is one of the world’s leading credit card partners with many VISA casinos.
- As a result, customers can use the card anywhere they go by partnering with airlines, hotels, and major retailers. With these alliances, you may be able to use your Mastercard to benefit from various rewards programs, including discounts, perks, and prizes.
Cons
- Many people are still reluctant to use Mastercard because of ethical reasons. Apart from creating a virtual duopoly on the credit card scene with VISA, which has led to fears of bullying tactics against rivals.
- In recent years, the organisation was also sued several times and was fined just under half a billion euros for violating EU antitrust rules in 2019. Although its public reputation remains very positive, there are concerns that such underhanded tactics will continue if its power rises in the years to come.