Mastercard

Mastercard is offered as a credit or debit plastic currency that users can use to make payments on an infinite number of websites and physical stores spread across the globe. They are accepted in over 200 countries worldwide. The money is transferred to the stores or the websites electronically from the banking institutions that issue it. There is no physical transfer of money done. There are a lot of Mastercard UK gambling sites that allow you to carry out real money transactions using this payment option. It is fast, secure, and easy to deposit money on the go. There are a lot of real money Mastercard casinos that offer it as the most preferred payment choice.

How Does It Work?

The following is the process involved when you do a transaction at a Mastercard online casino.

  • You deposit a certain amount in your gambling account by providing all the details asked for;
  • The site will send the gathered information to the acquirer securely;
  • The acquirer will request the issuing company to get an authorization from the bank that has issued it to the customer;
  • The details are submitted for authorization, and once the issuing bank gives its nod it will be communicated to the site;
  • The payment will be electronically transferred to the acquirer who will deposit it into the site’s account.

Deposit & Withdraw Using Mastercard

  • Depositing Process

Putting the money into an online casino account is very easy and hassle-free using this payment method.

    • Go to the banking section of the gambling website where you have an account;
    • Opt for the credit or debit cards option in the cashier section and then fill in the 16-digit number, its expiry date, your name, and the 3-digit CVV number printed on its backside in the respective spaces;
    • Fill in the amount that you would like to deposit and finally click on the confirm option to complete the process;
    • If all fields have been filled correctly, the money will instantly reflect in your account.
  • Withdrawing Procedure

The withdrawing process is also done in the same way you make a deposit using this method. You will have to go to the banking or cashier section and click on the withdraw button. Here, you need to choose this option and then key in the details provided on it like before in the respective boxes. After this, you just need to hit the confirmation button to initiate the withdrawal process. It will take about 24 to 48 hours for the money that you have withdrawn from the gambling site account to get credited in your account.

Advantages and Disadvantages of Mastercard

  • Pros

    • It is very easy, quick, and secure process and money gets reflected in your account instantly;
    • Money can be put into the betting account even if you do not have the required amount in your bank account;
    • The credit can be repaid as a one-time settlement or over a long period with interest;
    • Widely accepted the payment option.
  • Cons

    • A few casinos will not allow withdrawals using this method;
    • There might be fees charged for withdrawals at some internet gambling sites;
    • Overspending risk is very high.

Mastercard FAQs

  • Do All Casinos Accept Mastercard?

Most of the online betting websites do accept this payment option, and some of them have it as their preferred option.

  • Is Mastercard Safe to Use in an Online Casino?

Yes, if you are interested in online gambling and would like to ensure that your payments are safe and secure, then choosing this payment mode is ideal. All you got to check is whether this option is valid in your country/region or not. This might not be an issue as the many UK live casinos prefer this mode of payment.

  • What Is the Minimum/Maximum Amount I Can Deposit via Mastercard?

There are no limits on the maximum amount that you can deposit in a casino using this method. But, there will be a minimum limit, and it might vary from one site to the other. There are a few gambling centres on the internet that ask for a minimum deposit of £10, and there are a few that need a minimum deposit of £25.

  • Are There Any Fees Charged?

There will be no fees charged for making deposits and even for withdrawals. There can be a processing fee of 2% to 8% charged by some of the betting houses for withdrawals, and this will be based on the amount that you are withdrawing. It is ideal that you check with the site if they charge any fees before signing up.

  • Can I Use Mastercard in a Mobile Casino?

Yes, there are many mobile gambling sites that prefer this option to deposit and to withdraw money.

  • How to Find a Good Online Casino that Accepts Mastercard?

All the top-rated and first-class internet casinos do accept this method as a payment option. The main reason for using this option is because it is very safe and also very easy to carry out transactions.  

So, if you have had any inhibitions of using this method to make casino payments online, then the above information would have cleared all your doubts. Now, it is time to get into action and make payment using this option and start gambling.

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