MasterCard is one of the most used and trusted online payment methods all over the world and now, most online casinos accept this option. MasterCard is a credit card that is issued to users and allows them to make payments online, as well as at ATMs and point of sale machines. As a result, it comes as no surprise that MasterCard is used in over 200 countries. Below, we share information about MasterCard and how you can use it to make online casino payments.
History of MasterCard
Created in California by several banks in 1966, MasterCard was initially known as Master Charge: The Interbank Card. At the time, it was created as a counter option for the BankAmericard, which was later rebranded to Visa credit card. It was known as Master Charge until 1979. As the popularity of the card grew all over the world, they changed the name to MasterCard Worldwide.
Types of MasterCards
Although all the different types of MasterCard perform the same tasks, they come with different privileges. Below are the various types of MasterCard.
Standard MasterCard
This is the normal card that users get after signing up. It’s designed for daily use but doesn’t come with any protection from unauthorized use.
Gold MasterCard
Users of this MasterCard have bigger purchasing power. Additionally, each time that a holder transacts, they receive a reward.
Platinum MasterCard
There are even bigger rewards and benefits for holders of this MasterCard. There is also liability protection.
World MasterCard
The benefits of this card include ID theft protection, enhanced price protection, and more. This is mainly used by people who travel a lot.
World Elite MasterCard
Also mostly used by individuals and businesses who travel a lot, this MasterCard offers a luxurious experience to travellers. Holders also benefit from ongoing discounts, bonuses, as well as other extras.
Find top online casinos that accept both Indian players and Mastercard money transfers:
Best Mastercard Casinos - December 2024
Making Payments with MasterCard at Online Casino Sites
Most gamblers prefer using MasterCard to make transactions at online casinos and sportsbooks because it is very easy and fast.
Punters must note that they may be charged a transaction fee of between 2%-3% of the money transferred. On the other hand, the gambling site will not charge you a fee if your deposit exceeds certain stipulated amounts. Additionally, some betting sites have limits on how much you can deposit.
Withdrawals at online casinos with MasterCard
Making withdrawals is as easy as depositing when using MasterCard. You will need to go through the same process as mentioned above. The time it takes for your funds to be processed will vary. That means you may get your funds in a few minutes or within 5 working days.
Due to recent changes, MasterCard is stopping withdrawals from online casinos. However, you can still withdraw with MasterCard if it’s the same option that you used for depositing at the online casino. Also, just as with deposits, you may be charged some transaction fees.
Advantages of Using MasterCard at Online Casinos
Using MasterCard at online casinos comes with many benefits, which explains why it’s one of the most preferred options. Below are some of the benefits.
Safe and secure
MasterCard offers excellent security. In fact, MasterCard makes use of security systems that are combined with encryption software. This ensures that all your personal, as well as banking information, is kept safe and secure when you transact online
Easy to Use
Making deposits and withdrawals with MasterCard is fairly easy. As mentioned above, you only need to enter your details and specify the amount that you wish to transact.
Availability
No matter which online casino you choose, you are bound to find MasterCard there. This is because many legit online casinos offer this payment method to players. This offers you great convenience as you do not have to resort to other banking methods you are not too familiar with.
Various Options
When you sign up for MasterCard, you have the option to choose the card that you want. This means you have a chance to choose cards that offer you rewards, discounts, cash backs, and bonuses when you transact. Furthermore, there are also prepaid and debit cards for you to choose from.
User Friendly
When you make transactions at online casinos using MasterCard, it’s hassle-free. We only suggest that you choose a legit casino to use MasterCard.
