As the MasterCard can be issued by various banks and e-wallets, it can be plastic or virtual. You can use it to shop online as well as in real life, and to withdraw cash from ATMs all over the world thanks to the MasterCard platform.
Being a credit card, this means that whenever you make a payment with MasterCard, you are borrowing money from your chosen bank. The available credit amount depends on your bank.
In any case, you will have to pay back that money as soon as you have the adequate funds on your account.
What Are the Advantages of MasterCard?
There are many advantages to using a MasterCard. Here are just a few:
- International availability: it’s accepted in over 210 countries and over 25 million companies
- Immediate payments utilizing funds you don’t have yet
- Strict credit-check to make sure you’re able to pay your loans
- Possibility to stretch the pay-back limit to more than 30 days according to what your MasterCard provider offers
Using MasterCard at Online Casinos
Choosing your payment option
Like with any other card, all you have to do to use MasterCard at your chosen online casino is to choose ‘MasterCard’ as payment option. Enter your card details when prompted, your desired deposit or withdrawal amount, and voila.
However, unlike with certain e-wallet services, it might take a little longer for withdrawn money to appear on your MasterCard account.
Your online casino may also limit the amount you can deposit with MasterCard, so that’s something you might want to check.
MasterCard’s popularity with casinos
Incidentally, MasterCard’s popularity seems to be waning. Indeed, less and less casinos accept MasterCards for deposit or withdrawal, and vice versa – banks issuing MasterCards don’t always accept payments or withdrawals from casinos either.
This may be because casinos prefer to know that their customers are paying with their own money rather than borrowed money.
You should check with both your online casino and your bank to make sure you’ll be able to use your MasterCard for gambling.
Deposit and Withdrawal
The fees you’ll have to worry about are mainly those issued by your chosen online casino. When making deposits with your MasterCard, your casino may charge you a small fee. In some cases, this fee goes down the higher your deposit.
We’d like to flag another issue for MasterCard users; when depositing or withdrawing from a casino, you must provide both your credit card information as well as your own personal information.
Unlike with certain e-wallets where you can make relatively anonymous transfers, this can prove to be risky. If someone gets into your casino account, they will not only have access to your credit card – which you can block – they will also see your name, address, phone number, etc.
In any case, if using MasterCard, you should take extra precautions to ensure the safety of your personal information.