MasterCard Products to Suit Casino Players’ Needs
The company offers a number of products that can be used to process payments in various industries, including an online casino. Two popular products that can work for casino players are the MasterCard credit and prepaid card. Both are listed in casinos’ list of payment methods available.
Here’s a distinction between the two of them:
- MasterCard credit cards. There are four types of credit cards offered by the company, and each variant comes with specific features and benefits. While the cards may vary in terms of specific functionality and features, all cards offer security. The owner can count on high-technology security, including multi-level fraud monitoring that protects data. This layer of protection is extra helpful in an online casino environment, especially in withdrawals using MasterCard;
- MasterCard prepaid cards. They work like the popular e-wallets that are often advertised in many leading mobile casinos. Simply load the Debit MasterCard with funds, and use it to pay for products and services. The best prepaid MasterCard casinos are now available online. For example Grosvenor casino classic slots.
There are other card options available, and all these boast the same technology and layers of protection allowing secure transactions in both online and mobile casinos.
What Makes MasterCard a Leading Choice among Many Deposit Methods?
There are dozens of accepted and trusted payment methods, and MasterCard is often listed as one of the top options available. There is a number of reasons why this payment processor is preferred in the online gaming industry, and some of these are listed below:
- Global acceptance and reputation. Next to Visa, MasterCard is the most popular credit card in the world. As of 2012, there are 174 million users, making this an obvious target market for casino players.
- Easy-to-use. The top MasterCard online casinos carry this payment option because it simplifies transactions, from deposits to the withdrawal of funds. To deposit funds when enjoying real money slots, simply proceed to the ‘Cashier’ section of the casino and provide the card information. In an instant, you will discover if the transaction has been approved and funds have been credited to the account.
- Offers instant processing. Compared to bank transfers, the use of cards like MasterCard allows instant processing, especially when it comes to withdrawals. Most casinos that cater to MasterCard players process payments instantly, and some within 1-2 days.
How to Fund Your Account Using MasterCard
In order to deposit funds, one must be a registered member of the casino. If it has been confirmed that the casino carries MasterCard as one of the deposit methods accepted, then funding the account only requires a few steps.
- Log-in to the casino and provide your Username and Password;
- Locate the ‘Cashier’, or check out the ‘Banking’ section of the casino to facilitate the funding of the account;
- Click ‘Deposit’, and the system will reveal a drop-down menu which will allow you to choose your preferred deposit option. Select Mastercard from the list, and follow the instructions that are presented on the screen;
- Wait for the confirmation that the funds have been reflected in your account.
Keep in mind that best prepaid MasterCard casinos will have different policies and schedules on how the funds will be reflected. For the most part, all deposits are credited instantly with no fees, but they may be subjected to currency conversions.
How to Withdraw Using MasterCard
Withdrawals are subject to certain conditions and verification steps.
If you are using this payment option, take note of the following steps:
- Log-in using the provided Username and Password, proceed to the ‘Cashier’ or ‘banking’ section of the casino;
- Once the ‘Cashier’ has been accessed, choose ‘Withdrawal’ and supply the amount of winnings that you want to withdraw from the site;
- Choose ‘MasterCard’ as your preferred payment option from the menu;
- Submit your withdrawal request and wait for the confirmation coming from the casino.
Casinos accept MasterCard as a withdrawal option, but it comes with certain requirements and policies. Aside from the possible fees, the casino may also require the submission of pertinent documents that may establish ownership of the account. These are standard steps in the online gambling industry and required for mutual protection.
Possible Issues That May Crop up When Using MasterCard
Although the company is backed by decades’ worth of experience and the support of hundreds of financial institutions, MasterCard is not perfect. As a casino player, you will end up facing a number of issues, and some of these may affect the way you fund your accounts and how you enjoy the games.
- One common complaint among casino players is a rejected transaction, particularly when it comes to funding the account. If the player is based in the United States and the request to fund the account has been rejected, then this issue is still related to the previous policy to regulate online gambling. There is still a long list of casinos download and no-download sites that restrict players from the US and its territories; hence, all transactions including deposits are not accepted. If faced with this issue, the player can consider other options. For example, he can explore other American casino operators that are legally allowed to host casino games and accept MasterCard as one of the deposit methods. If the list of top MasterCard online casinos based in the US is limited, then one can check out online operators based and licensed in Malta, the United Kingdom, and Gibraltar.
- There are instances when MasterCard players will encounter canceled fund transfers because of bank-specific policies. Banks have their own policies when it comes to online gambling, so it pays to check their Terms and Conditions before attempting to fund an account. To avoid the inconvenience of canceled fund transfers, players can check the websites that review the best prepaid MasterCard casinos.
- Also, Mastercard-related transactions may require a few verification steps that is especially true in the best payout casinos. Some casinos may verify the authenticity of the accounts, and this is done by requesting copies of the front and back parts of the credit debit card. For security purposes, you may only show the first 6 digits and the last 4 digits. Also, the CVV/CVV2 codes are now shown in the images that you will send.
- Finally, MasterCard-related transactions in the top MasterCard online casinos may come with certain fees. Most casinos that accept MasterCard players will charge deposits a certain percentage or a fixed amount. Fees vary, so it’s best to research the T&C and check out the reviews of the best casinos for MasterCard players. By checking these reviews, one will know the fees associated with every withdrawal, the minimum and maximum amount that can be withdrawn and standard processing and approval times.
As one of the leading deposit methods offered, MasterCard provides both convenience and security on top of the usual protections set in place by casino operators. It’s carried by almost all online casino operators today, offering almost instant processing times, validating it’s standing in the industry as one of the most preferred payment methods available. It may have its own shortcomings like fees, longer processing times in some casinos and disapproved funding requests but all this can be avoided if one takes appropriate research by reading reviews of the top MasterCard online casinos or by checking the casino’s Terms and Conditions page.