MasterCard facts
With its 13,400 employees, the US-based financial giant handles financial transactions totaling more than 12 billion dollars annually. Advertising campaigns intended to ensure transparency are the main component of Mastercard marketing. This is necessary again and again; not only have you stopped donations to Wikileaks, but you have also been successfully sued for damages due to illegal machinations more often. However, this does not change the professional and reliable service. Mastercard knows what you are doing.
MasterCard is one of the best-known payment options in Canada. And there are probably very few people who haven’t used this payment method yet and even fewer who haven’t even heard of it. In its long existence, MasterCard has established itself as a recognized and reliable means of online payment. In addition to the fact that you can pay with it almost anywhere online, it is extremely easy to use, as all you need is an established bank account through which you link your card. Therefore, it is unsurprising that MasterCard has become one of the most popular payment methods for deposits and withdrawals in most online casinos.
How to use Mastercard in Canada?
When registering, you must enter your card data as well as your personal data. Choose the Mastercard option under the payment method and follow the individual steps. You will be asked for the 16-digit card number, your name, your expiry date and the CVV code.
Once the casino has activated your account, you are good to go. As a special security hurdle, you only need the CVV code for further deposits. As with anything, you need to be careful about online casinos where you have given your credit card details.
Personal and financial information can fall into the wrong hands and in the worst case, you can become a victim of fraud. Never let yourself be seduced by particularly lucrative offers from shady providers. Use our lists of certified and verified online casinos.
Why use Mastercard in online casinos?
MasterCard is certainly one of the world’s most widely used payment systems. With all the advantages it offers its users, it remains one of the most frequently used means of payment among online casinos. We cannot get over the fact that MasterCard is widely used in over 200 countries and accepted by over 25 million businesses worldwide. These numbers can quickly and definitively outline the popularity of this means of payment and millions of satisfied users. Online casinos in Canada are also aware of these advantages, offering it as the main and most reliable payment option to their players.
But we cannot forget the many advantages that MasterCard offers to its users, which are, to some extent, the reason for such wide use. Namely, MasterCard protects your personal data and offers many options to prevent online fraud. In addition, it is also one of the most convenient solutions since many people already use MasterCard anyway. You can also manage your money through mobile applications. You can instantly deposit at any of the top casinos by simply entering your details and code.
Given that MasterCard is a well-known and respected provider in the banking world, it is not surprising that it is the most popular method of depositing at many online casinos.
How to deposit money with MasterCard?
Using a MasterCard bank card to transfer money to your casino account in Canada is extremely simple. There are only a few short steps, but they are very easy and will take you less than a few minutes to complete.
In your chosen online casino, you first click on the cashier to show you all the payment options the casino in question supports. However, don’t worry; MasterCard is one of the most commonly supported payment options. Then select MasterCard as the payment method and enter the 15-digit number of your card, which you will find on the front of the card. You will also need to enter the expiration date, which is also written on the front of your card. You usually need to enter the month and year the card expires. Then, you will be asked for a 3-digit CVV number, which you will find on the back of your card.
Now that you’ve entered your MasterCard’s unique bank details, you need to enter the last number – the amount of money you want to deposit. All that’s left for you to do is click on the Submit button. Once you complete the process, the specified funds will be immediately transferred to your casino account, and you can start playing from that moment. We said that the process is fast.
How To Withdraw Money From Online Casino With Mastercard?
How to withdraw money from an online casino with MasterCard? One of the main reasons, if not the main reason, why using a MasterCard for cash transactions at online casinos is so popular is speed. Players much prefer to choose online casinos that support the use of MasterCard, knowing full well that they only have a few short moments between clicking the cashout button and having their bank account filled. And this is precisely one of the great advantages of using a MasterCard. In addition, it is one of the safest ways to pay out winnings in online casinos. So, speed and security. because it makes perfect sense why MasterCard enjoys such a strong reputation among online gamblers.
Since it is not a very complicated process, let us briefly describe how you too can withdraw your winnings from your chosen MasterCard online casino. First, you will need to log into your favorite online casino from where you want to withdraw your money and find the cashier tab. You probably already know where it is, because you paid the money in the same place. After entering the checkout, you will be presented with various payment options, where you select the MasterCard option.
You must then fill out a withdrawal form, specifying MasterCard as your payment method. You will also need to provide additional information, such as the cardholder’s name, the card’s expiration date and the three-digit card number (CVV). When entering the cardholder, be sure to enter the name exactly as it appears on the card. Then all you have to do is enter the amount you want to withdraw and click Send. The selected amount should be reflected in your account immediately.
Types of Mastercard cards accepted by online casinos
There are currently four types of MasterCard that you can use to pay online. These include credit cards, debit cards, prepaid cards and gift cards. Each of these cards has its own characteristics, strengths, and weaknesses. All four types have in common that you can use them to top up your casino account in any online casino that supports cash transactions using a MasterCard. In the rest of the article, we will tell a little more about each type.
- Mastercard Credit Cards
The MasterCard credit card has many advantages when it comes to online gambling. The fact is that the vast majority of online casinos accept MasterCard, and the deposit takes only a few seconds. With a MasterCard credit card, you use a pre-approved line of credit, which means you borrow money from the financial institution that issued it to you. The MasterCard credit card is linked to your bank account, which means that online casinos do not need to verify the authenticity of your finances. Your bank already did this work for them when you opened a bank account with them. Some MasterCard credit cards also include rewards programs that earn users points or cash back for spending money.
- Mastercard Debit Cards
Debit cards are accepted worldwide and MasterCard debit cards are no exception. The MasterCard debit card is also linked to your bank account and enables you as the holder to pay quickly, easily and securely. So, how are debit cards different from credit cards? The main difference is that you only have a certain amount of money when using a debit card. All the funds you spend are regularly withdrawn from your personal bank account, to which the debit card is also connected. You can play casino games with your own money if you have a MasterCard debit card.
- Mastercard prepaid cards
Prepaid MasterCards are a relative newcomer to the banking world, so don’t worry if you haven’t heard of them. After all, the entire article is written in an informative spirit. Prepaid MasterCard cards can be used wherever MasterCard debit cards are accepted. So, and more than 25 million companies worldwide, which also includes online casinos. They work according to the well-known prepaid principle. So, load the physical card with a certain amount of money, which you can spend in any way you want. It is definitely one of the most economical alternatives, which is worth noting in the casino context because taking care of the casino budget needs attention.
- Mastercard Gift Cards
These are single-use, non-reloadable cards that can be used anywhere MasterCard payments are accepted. They are a great alternative to shopping coupons, as the recipient can spend the pre-loaded money anywhere, online or in stores. Gift cards contain all the same identification numbers as any other MasterCard. They have the same credit card number, expiration date and CVV number. The only really big and very important difference is that they operate on a cash basis. Once you spend money on a MasterCard gift card, the card is no longer useful, as it cannot be refilled.
Potential Mastercard commissions and fees
When depositing at a MasterCard casino, you will never have to pay an additional fee for the deposit itself. The situation may be different for withdrawals, which may be subject to certain commissions. However, many operators charge these commissions due to the costs incurred in processing payments.
MasterCard mobile casinos
Nowadays, every top online casino that accepts MasterCard is mobile-optimized. Moreover, making deposits using this method is very convenient, even from their perspective. If you have an Android, iOS or Windows Phone operating system, you can be sure that the casino will run smoothly and without any errors on your device!
Bonuses Offered by Mastercard Casinos
Promotions and bonuses are a constant in the gambling world and a necessity in today’s casino sphere. They are often the reason why players decide to use the services of a certain gambling provider. This is precisely why welcome bonuses are considered one of the most important factors when choosing an online casino. They offer various benefits for new players and existing users of the MasterCard casino websites.
Many casino bonuses are available to MasterCard players. However, unless otherwise stated in the bonus terms and conditions, you can only claim one bonus at a time.
- No Deposit Bonus
Players will rarely find a better deal than any no deposit bonus as it is extremely rewarding for those who receive it. As you might expect from the name, the no deposit bonus does not require players to deposit any money. Therefore, you receive free money in your casino account upon registration.
- Welcome Bonus
It has become an industry standard for new players to be offered a welcome bonus when they open an account at a casino of their choice. These bonuses can be particularly generous compared to others on the market, as their main purpose is to encourage new players to register, create an account and start depositing.
- Deposit Bonus
In addition to the no deposit bonus, players can also claim a deposit bonus. Although this involves spending your own money, the bonus awarded to your account will be greater than the no deposit bonus, giving you an even greater chance of winning big. These bonuses are often intended for existing customers who have already opened an account at the chosen casino.
The most common problems when using MasterCard in a casino
In general, using a MasterCard card is trouble-free, but it may often happen that the transfer will not go out from your bank account because the company simply blocks it. Nowadays, despite enormous technological development, many banks still try to take away the pleasure of their customers by not allowing transfers to gambling websites, which are not legal under Canadian law. This is a huge problem, but such a situation happens very rarely, and most often, after a few calls to the hotline, the money will be transferred to the selected website.
Alternatives To Use Mastercard In Online Casinos If You Can’t Use It
In online casinos, you can choose from many payment options, so there is plenty of choices even for players from Canada. Especially among gamblers from Canada, there are several common payment methods, including debit cards, alternative credit cards and bank transfers, all of which fall into the category of regular payments.
Visa
Visa is one of the most popular casino payment providers and is widely accepted in over 200 countries. Online casinos that accept Visa credit and debit cards allow players to deposit money into their account in seconds and are extremely safe, thanks to the many security features that protect their users. Many new casinos accept Visa as a payment option. It is an excellent alternative to MasterCard, which is by far the biggest competitor of this brand in the market. Almost every player from Canada will also be familiar with this payment method, as most Canadians already use it anyway.
PayPal
PayPal is an online financial service that allows you to deposit money into a casino through a secure online account. All you have to do is open your PayPal account and enter your bank account and credit or debit card details. With each payment using the PayPal system, you can choose which card or account you will pay with. You can also set one of them as the default payment method and it will be used automatically unless you change it before confirming the transaction. In addition to making payments through PayPal, you can also receive money through PayPal. Here, it would help to be careful about possible fees, especially regarding currency conversions.
Paysafecard
To use the PaySafeCard service, it is necessary to purchase a special coupon with a unique 16-digit PIN code at one of the sales points. When paying with PaySafeCard, you choose the appropriate payment method and use this unique code on the coupon. There is also an online application where you can check your unused balance to have an overview of your finances. If you have enough money on the coupon, you can use it to pay without the slightest problem and combine up to 10 coupons. Coupons already have a certain value before purchase, so unfortunately, you can’t buy a coupon with a custom amount.
Pros and Cons of using Mastercard in online casinos
For almost 50 years, MasterCard has been distinguished by speed, security, convenience, reliability and, ultimately, reputation. It is one of the most stable and professional payment systems in the world, and it is especially popular in the online gaming world because it offers easy and fast payouts. To top up your casino account, you just need to enter the transaction amount, your card number, the CVV code, and the cardholder’s name. Confirming this transaction will immediately credit your account with the specified amount. Wherever you are, MasterCard is always at hand. You can visit your favorite online casino site, and you can make a transaction at any time. MasterCard may be the most preferred payment method at an online gambling site due to its advantages, but it also has some disadvantages
Advantages
- Reliability and experience. Mastercard has existed since 1966 and is one of the world’s largest companies for secure and cashless payment transactions.
- Everywhere and everyone. All of the online casinos we recommend accept Mastercard as a deposit and withdrawal method. In contrast to e-wallets or other online payment methods from third-party providers, with a few exceptions, there are no obstacles to acceptance with this credit card.
- Real-Time. The funds you deposit with MasterCard are usually available instantly as transactions only take a few seconds to process. So if there’s an exciting casino promotion or tournament you want to play in, your MasterCard will serve you well.
- The Mastercard Bonus. Some banks that issue MasterCard also allow you to earn points or airline miles.
- The Casino Bonus. Unlike payments made through e-wallets such as Skrill and Neteller, which sometimes do not qualify to receive casino specials, with MasterCard, you can always rest assured that you are entitled to all welcome and freebies.
- Simple. Another great advantage of using MasterCard as a payment method is that you don’t need any additional data or other cards. So all you have to do is enter your card details to start playing your favorite casino games.
Disadvantages
- Although the advantages of using a Mastercard for gambling outweigh the disadvantages, you should always be aware of the minimum deposit required to use credit or debit cards, which some casinos may require.
- You can both deposit and withdraw money with the MasterCard. However, some casinos only accept deposits and no withdrawals, but these are a minority.
- 99% of the time, MasterCard deposits incur additional fees, typically 2.5% of the amount deposited.
Final Thoughts on Mastercard
With a few exceptions, there is no Internet-savvy gambler anywhere who does not know how a credit card always works when playing online. In addition to the Visa card, the Mastercard is the most widely used cashless payment method, and not only on the Internet. Using this card is mainly safe, easy and reliable. There will be delays when withdrawing from your online casino account and transaction fees, which are the two major downsides.
