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MasterCard is a name known to anyone who has ever heard of a credit card. MasterCard is one of the biggest providers of credit cards in the world.
Founded in , the brand was called MasterCharge at the time. Very suitable indeed considering Mastercard went on to become the most widespread credit card brand in the world.
The company ditched its original brand name for Mastercard in Forty years after it was founded, Mastercard was listed on the New Your Stock Exchange as a publicly traded company.
Today, Mastercard continues to make it its business to mediate safe payments between the banks of sellers and the banks of consumers. If you are a gambler looking to use Mastercard for the purposes of online casino play, we suggest you stick with as to learn everything you need to know about this popular casino payment method.
Mastercard is one of the most widespread payment solutions accepted by online casinos, which is not surprising when we take into account it is available in more than countries worldwide.
The notion of a credit card is simple. The bank loans you money as credit, which you have to return after a set period of time, normally 30 days.
When you process a payment to your online casino balance via a Mastercard, the transaction undergoes several steps before its completion.
Mastercard CVV numbers consist of three digits, printed below the magnetic stripe at the back of the card. The main purpose of the CVV is to protect your credit card transactions against frauds.
The online casino you are depositing to practically needs only your Mastercard number to process the transaction. Online casinos or merchants are allowed storage only of your digit Mastercard number.
In fact, this is the sole purpose of the CVV. While this sounds scary enough on its own, this information is rendered useless to the fraudsters without the CVV, which only the rightful Mastercard owner, i.
The first step is the deposit initiation itself, which is followed by the authentication of the transfer.
Your bank would then confirm the card number, the billing address and the CVV number as well as whether the balance is sufficient enough to carry out the deposit.
This leads us to the next step which is clearing the money from your balance. This is followed by the last step, the settlement between the two parties involved in the transaction, i.
It sounds overly complex but one such transaction is usually completed within a few moments as Mastercard deposits are normally processed immediately.
Getting a credit card is a fairly straightforward, albeit slow, process. First you need to check in with your local bank and see what their policy regarding credit is and whether or not they are authorized to issue physical Mastercard products in the first place.
If they operate within the MasterCard network they are able to issue these types of cards. Note that there are different types of credits cards like Standard, Gold, Titanium, and Platinum Mastercards so you best check which type is the most suitable for your gambling purposes.
This information is filled into the application form the issuing bank or credit union will give you. If you do not feel like visiting the issuing bank in person, you can use its website and fill in the application form online.
Make sure you input all your information correctly and be honest about your credit history, if you are applying for a credit card, in particular, since Mastercard is known to offer a range of prepaid and debit cards as well.
Should your request for a credit card get declined, make sure you request the issuer to send you a copy of the credit file so that you can gain a proper understanding as to the reasons.
If the bank finds you an acceptable candidate, it will offer you a plan suited to your means and your new card will be shipped to you within the timeframe designated by the issuing institution.
The timeframe is largely based on the policies of the particular issuer but would usually range from 10 days to 2 weeks. Using a Mastercard to deposit in online casinos cannot get any simpler than it already is.
Of course, you would also need to specify the desired deposit amount. Then you check whether you have entered all the details correctly, confirm the deposit, and this is it.
There are no waiting timeframes since the payment is completed instantly. Yet, most established casinos would defray the transaction expenses for Mastercard deposits.
The limits on the deposit would generally depend on the gambling operator you play with. It is worth noting that Mastercard has adopted its own policies in regard to online gambling.
Players from jurisdictions where online gambling is illegal and unregulated may hit a snag when attempting to withdraw via Mastercard.
If you are a resident of a country like the United States where gambling on games of chance on the web is largely prohibited, your Mastercard withdrawal may not go through.
Banks in the country, including the issuers of Mastercard products, have been instructednot to process payments to such cards should the transaction come from a gambling website.
How do these gambling transactions get recognized as such, though? It all started with Mastercard attaching MCCs Merchant Category Code as a means of distinguishing different types of gambling activities along with the level of risk they entail.
For instance, online gambling operators offering products that involve skills to win, eg. These are considered low and medium-risk activities by Mastercard.
Gambling operators offering games of chance fall under the category of high-risk gaming providers and as such have the code attached to their transactions.
This causes the withdrawals from such websites to get blocked whenever the transfer was made to a country where online gambling is prohibited.
As of , Mastercard has introduced several new codes of this type that make it possible to distinguish between licensed and unlicensed gambling providers in a given jurisdiction.
Online lotteries run by the government have a code of whereas the code pertains to licensed horse and dog racing operations. Licensed online casinos have a code attached to them.
Still, if you are a resident of the US who plans on gambling at an offshore licensed casino, we would recommend you not to risk it and go for another method of payment where you will not struggle with having your payments declined.
In the event that you do not wish to use a credit card there are other option that MasterCard provides. MasterCard debit cards are the most used after credit cards.
They are directly linked to your bank account and do not let you spend more than you actually have. If you are worried about racking up extra charges or overdrafting this is the best option.
In fact it is much simpler to acquire a debit card than a credit card. There is no screening process or creditworthiness required. Note that different debit products by the brand are available, for instance Standard, Platinum, and World Debit Mastercards.
Each of these cards offers specific benefits so be smart with your choice. One of the most famous sports betting operators has created a first-rate casino, which is already well known for its impeccable reputation.
With the main emphasis on the games itself and the quality service rather than on unnecessary features, Bet Casino is regarded as the top gambling venue that offers their customers excellent gaming experience in addition to secure gaming environment.
Holding an impeccable reputation in the gambling world, Bet Casino is one of the safest gambling venues you will find on the web.
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The casino is famous for the Real Time Gaming powered software, fast deposits and withdrawals, as well as genuine dedication to every single customer.
Lucky Red Casino has been online since and they take pride at being able to accept US customers. Lucky Red Casino is not currently regarded as one of the best online casinos, but they definitely strive towards that goal.
Offering very good selection of casino games and progressive jackpots, in addition to excellent bonuses and promotions for both new and existing customers, they have succeeded in creating a very entertaining gambling venue for players worldwide.
Operating under the command of FastEngine Processing Limited, one of the leading online casino operators, Casino Tropez was simply predestined for success and nobody was surprised to see this classy gambling venue realize its undoubted potential soon after its official launch in Casino Tropez has since become synonymous with premium entertainment and high-quality gaming experience, while the utmost safety of their customers remains the number one priority.
When we add a plethora of banking options and a high-quality rewards program to the picture, it is easy to realize why Casino Tropez holds a special place in the online gambling community.
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As previously mentioned there are plenty of online casinos that accept MasterCard as a deposit option, and many are reputable online casinos that employ the best security methods about their transactions.
However, the following online casinos are all reputable and employ the latest encryption methods for transactions. The following are US online casinos that accept MasterCard divided by the software provider that supplies their games and security methods for safe transactions.
RTG has been present in the industry since Furthermore, both casinos offer several massive welcome bonuses. TopGame is a relatively new software company.
It was established in in Panama, and has been successfully providing safe payment methods to US casino players without the danger of getting their transactions blocked by the US authorities.
They both accept Master Card, but only for deposits.