Despite being one of the indisputable leaders on the market, MasterCard also has some disadvantages but they are negligible as compared to the conveniences it provides.
Below, you will find detailed information about the pros and cons of using MasterCard. Information about the most reliable casinos accepting withdrawals, fees and security is also included.
Over the years, MasterCard has successfully consolidated its positions of the market and the number of the new customers is now constantly growing. It takes pride in ensuring utmost client satisfaction by processing payments in an efficient and risk-free manner. The main priority of MasterCard is making peoples' lives easier by offering banking solutions of unparalleled quality.
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Millions of people have opted for MasterCard and if you are considering the option of joining them, you have to get familiar with the specifications it has in order to make an informed decision.
Apart from being accepted in some of the most popular online stores, MasterCard allows you to make deposits to your preferred online casino. Regardless of the country you are based at, you are free to use your MasterCard for deposits. The desired amount should be transferred into your casino account in a few minutes.
However, the situation with the withdrawals is a bit more complicated. The withdrawal – related issues are widely discussed in the current article.
Opening an account
You can either visit the bank again in order to obtain the card and the PIN code or they can be sent to you. Beware that if you choose to receive your card by mail, the plastic card and the PIN code will be sent separately for security reasons. You might also be given a temporary card to use until yours is issued. Once you activate your MasterCard, the temporary one will no longer be active.
Don't forget to fill in an application for online banking and keep track of your spendings at any time. Depending on the casino you have an account with, it might be possible to transfer funds directly from your bank balance.
Depositing funds to your favourite casino has never been easier and the best of all is that you are in control of your spendings and savings. You will not be required to remember yet another password because you can create your own PIN code.
As mentioned above, MasterCard withdrawals are not always possible. If you think about moving to another country or you just travel frequently, you have to check if a withdrawal is possible. Each bank institution determines whether to process transactions from online casinos. In general, the policy of MasterCard is to limit the withdrawals from gambling websites.
On order to make a deposit, you will have to enter the 16-digit your MasterCard as well as the month and year of expiration. The CVV2 number will also be required. You can find it on the back of your card.
It is important to establish an account at an online casino that is known for its reliability as this guarantees trouble – free gambling experience and the highest level of security.
MasterCard credit/ debit/ prepaid cards
Both of them are intended to meet the needs of the customers and provide them with fast transfers, security and the efficiency they seek. Since MasterCard wants to keep in pace with the fast development of the technologies, customers are enabled to use “contactless” cards for offline purchases as well. They are not required to enter their PIN if their purchase is under $25 or so. Yet, the security of the “contactless” method of payment was repeatedly questioned.
Speaking of the prepaid cards, they are convenient and there is no need to fill in too much personal and bank information. Most cards are reloadable and you can use them for depositing funds to your favourite online casino. This way, you will avoid overspending and the safety of your bank information is guaranteed. Choose the prepaid card that best suits your lifestyle and use it anywhere you see a MasterCard logo.
MasterCard Standard
This type of MasterCard is suitable for people who are yet to build a credit history or they just don't like carrying too much cash with themselves. Actually, this is the most basic MasterCard that does not provide you with any benefits and rewards for using. You can apply for Debit or credit card.
Gold MasterCard
The Gold MasterCard is considered an upgrade of the Standard card as it provides the customer with more opportunities and conveniences. The more payments you make, the more rewards you are eligible for. Gold MasterCard is commonly used by people who travel a lot as it is an accepted form of payment in an immense number of hotels and restaurants all over the world.
Platinum MasterCard
It is said to be that type of MasterCard that provides holders with enhanced opportunities to get appealing rewards. The flexibility and the purchase protection is incredibly improved as well.
World MasterCard
You get your World MasterCard as a debit or as a credit card. Every MasterCard provides the utmost level of protection against identity theft and banking related crimes but the World MasterCard security is further improved. It is irreplaceable when it comes to travelling abroad.
World Elite MasterCard
This is the best choice for both personal and business users. World Elite MasterCard is widely accepted and holders' opportunities are greatly enhanced. They get rewards and discounts as well as complimentary bonuses upon using the card.
Advantages of Using MasterCard
What makes the credit cards so popular for personal and business payments is the reliability and the convenience offers. What is more, MasterCard credit cards makes it possible for the customers to pay their bills in monthly instalments. The card is excellent choice for people who travel often and cannot predict the exact amount of their expenses.
Disadvantages
As a reputable provider of banking solutions, MasterCard is constantly trying to improve the quality of the available products and make them as convenient to customers as possible. Debit and prepaid cards are widely accepted and ensure trouble-free banking experience. MasterCard users' admit that the only setback they have faced is related to the credit cards. In point of fact, it does not matter if you own a MasterCard or any other credit card, the risk of overspending is always high. In other words, if you opt for a credit card, you need to keep a close eye on your spendings and how much you deposit in your casino account as well.
Fees
The fees depend on the country you are located at and the bank, which has issued your MasterCard. No matter which type of card you opt for, you might be supposed to pay a monthly fee. A small fee might be deducted from you balance when you withdraw cash from an ATM. If you use your MasterCard abroad, you have to be prepared to pay a fee as well.
Beware that if you get a credit card and you fail in paying back what you have spent, you will have to pay solid interest that depends on how long you postpone the payment.
Security
The safety of customers' personal details is of paramount priority and as a result, a lot of efforts are put into fraud prevention and identity theft. MasterCard are considered leaders in adopting various security measures.
The same applies to online casinos. If you see the MasterCard's logo, you can count on trouble-free gambling experience. The best online casino sites take draconian measures against scams and that is why it is important to make a thorough research before opting for a particular online casino and deposit funds into your account.
MasterCard Casino Deposit and Withdrawal Issues
The main concern of every player is whether they will be allowed to withdraw their winnings to MasterCard. Most gambling websites allow deposits but if you attempt to make a withdrawal, it might be rejected. That is why you are advised to check about the available withdrawal options and opt for an e-wallet for a complete peace of mind.
If you have sufficient balance and attempt to make a deposit to your online casino, you should not face any difficulties unless you input incorrect banking information.
Beware that the withdrawal might be a subject to a fee ranging between 2% and 8% of the sum you would like to withdraw. Many players consider the increasing fee as a way for keeping a certain amount of their winnings for casino benefit with no apparent reason.
More and more customers complain about having their withdrawal requests declined, which is attributed to a number of reasons. USA- based players, for example, are always advised to opt for another withdrawal method in order to avoid the unnecessary hassle. MasterCard reserves the right to make thorough checks on random transactions, which means that if not refused, your transaction will be delayed for an indefinite period of time until the checking is over.
The checking procedures are even more rigorous especially if you attempt to withdraw more than you have deposited.
Another issue you might come across when using your MasterCard for gambling purposes is the limits you have to adhere to. It depends on the policy of the casino you have chosen but in most cases, casinos impose limits on withdrawals, while you are not limited as to what your depositing amount can be. Although online casinos pretend to do that for security reasons, players have another explanation. They accuse casinos of adopting this dishonest practice in order to have control over the cash outflow.
MasterCard does not take any fees for deposit and withdrawal but every bank institution sets individual fees that will be deducted from your balance.
Online Casinos that Allow Withdrawals to MasterCard
888casino
888casino accepts a wide variety of payment processors including MasterCard. In point of fact, credit / debit card deposits remain the most preferred form of payment in 888casino. Speaking of MasterCard withdrawals, it depends on the country you reside in. The minimum deposit you have to place is $20. You should not have any difficulties in depositing funds, but for the time being, withdrawals to MasterCard are processed only if you have a UK-issued card.
Betway
Betway is among the casinos that put a lot of efforts into providing their players with as many conveniences as possible, while ensuring their protection and trouble-free gambling experience.
However, the casino policy says that in some cases, MasterCard withdrawals might be rejected. It depends on the country you create an account at Betway from. In case you create your account from the United Kingdom, you will be eligible for opting for any casino option that is available in the list.
However, your bank might refuse to process the withdrawal.
Mr Green
Mr Green is a well-known casino brand and as such, it has always been striving to provide its customers with as many conveniences as possible. Here are the specifications you have to be familiar with before you initiate a withdrawal to your MasterCard.
First of all, it is important to note that if you deposit funds and you generate winnings, you will have to use the same payment method for withdrawal. For instance, if you fund your casino account via MasterCard, you will be allowed to withdraw your winnings to your MasterCard as well.
As mentioned above, MasterCard does not charge you a fee but according to Mr Green's policy, you have to adhere to certain withdrawal limits. You will be charged a withdrawal fee if you exceed the withdrawal weekly limit.
Beware that when you initiate your first withdrawal, Mr Green reserves the right to inquire further verification and if all documents are approved, the withdrawal will be processed within the next three business days. When you become a regular customer of the casino and no further verification is necessary, your withdrawals will be processed in a matter of hours.
However, there are countries where MasterCard withdrawals are not allowed even if you have used it for depositing. In such a case, the most sensible solution is choosing an e-wallet.
Golden Tiger
Golden Tiger is an online casino powered by one of the leaders on the global gaming scene – Microgaming. When it comes to withdrawal of your winnings, you should not meet any issues as the procedure itself is as simplified as possible. You are not supposed to withdraw your winnings when you are done playing for the day. You can generate as much winnings as you can and make a withdrawal once or twice per month in order to avoid fees.
Remember that if your winnings are under $50, you will not be allowed to initiate a transaction. There is no maximum withdrawal you have to comply with.
You are required to use the same payment processor for both deposit and withdrawal. It is essential to know that it depends on the country you have got your MasterCard from.
For instance, if your MasterCard has been issued by a Canadian bank, you will not be allowed to use it for withdrawals but you can use all the other payment methods available for Canadian players.
Casino.com
Casino.com is yet another prominent online casino, popular on a global scale. Although some players consider the range of available payment options to be a bit limited, Casino.com is constantly enhancing the quality and quantity of the available products and services. As far as the MasterCard withdrawal is concerned, your request might be approved or rejected depending on the country you reside at. You have to check with your bank if transactions to and from gambling websites are processed.
Casino.com is among the online casinos where customers' security is of paramount priority. That is why, you will have to present documents for identification before the withdrawal. In case you create an account from a country where withdrawal is allowed but your ID documents and address do not match, your withdrawal request will be instantly refused.
