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MasterCard Casinos

MasterCard CasinosIn jurisdictions that allow credit card payments to fund online casino play, MasterCard is the most commonly-used payment facility that players can use to make deposits into their online casino accounts. On average, it is estimated that every adult on the planet who enjoys disposable income regularly has two credit cards in their purse or wallet.

Using a MasterCard to fund your casino deposits is very easy, but care needs to be taken. As this is the ‘buy now, pay later’ aspect of online casino play if you do not take enough care of your spending, you can find yourself facing massive bills and crippling interest payments. You will also not be able to make withdrawals back to your MasterCard account if you win money at an online casino.

It is generally not recommended that you use credit card facilities at online casino and slots sites (and some jurisdictions such as the UK have banned them) but if you have enough faith in yourself to be able to control your spending and practice good bankroll strategies then using MasterCard should not be a problem.

A Brief History of MasterCard

MasterCard came into being in 1966, although it was introduced with the very uncatchy name of the ‘Interbank Card Association’. Several US-based had seen that Bank of America’s BankAmericard (later Visa) was starting to become popular, so they decided to create one of their own. When this was not a success, they decided to join forces as the Interbank Card Association and created the Master Charge card.

Eventually, non-American banks applied to join the Interbank club, meaning that the Master Charge card was now available in other countries. In 1979 Master Charge was renamed MasterCard and it began to swallow up several other smaller credit card companies, such as Access.

MasterCard soon became so successful it easily eclipsed all other credit card companies, particularly outside of America where rivals American Express and Diners Club remained successful. MasterCard became so successful that Visa was forced to position itself more towards the debit card market than the credit card niche, particularly outside of the USA.

MasterCard remains in the ascendency right up to the present day. If someone owns a credit card, then it more probable that the one they own is a MasterCard as opposed to a different credit provider.

MasterCard – Pros and Cons

Pros

  • Very easy to use
  • You probably already have a MasterCard.
  • Accepted by a large number of online casinos

Cons

  • You can run into financial problems if you don’t keep control of your spending.
  • Some jurisdictions have banned the use of credit cards at online casinos.

How to use MasterCard at Online Casinos

You will, of course, need a MasterCard if you want to use one at an online casino. Unlike Visa cards which are usually issued automatically when you apply for and obtain a bank account, a MasterCard is not typically offered without the need to make an application. This is because not everyone is a suitable candidate to be offered credit facilities. Some countless banks and organisations offer MasterCard accounts if you wish to apply for one.

Once you are armed with a MasterCard, you can use it to make deposits at an online casino. Head to the casino’s cashier and choose MasterCard as your payment method of choice. Please select the amount of money you want to deposit and enter your card details as you are asked for them. You may have to go through an additional verification step, but once you have completed that, your money should appear in your casino account. The deposited amount will be charged to your MasterCard account and will appear on your next statement.

You will not be able to make withdrawals to your MasterCard should you win money by playing online casino games. You will need to facilitate a different payments method to make a withdrawal.

Conclusion

It is straightforward to use MasterCard at online casinos that accept this globally-successful credit card … and some may say too easy. If you do make payments using a MasterCard when gambling online, you must keep a sensible attitude towards payments. Too many people do not equate credit to ‘real money’, and this extends far beyond online casinos. Remember that all money you borrow will be repaid eventually and if you leave it too long without repaying, you’ll end up paying much more due to interest payments.

Use a MasterCard at an online casino by all means, but remember to practise responsible gambling at all times.

 

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MasterCard FAQ

  • Why can’t I use a MasterCard at my chosen online casino?

    Many jurisdictions have now banned credit cards from being used at online casinos, slots, bingo and sports betting sites. This is to protect vulnerable, problem gamblers. There have many cases of people amassing huge credit card bills via gambling that they then find impossible to pay. Many governments have demanded curbs on ‘gambling’ on credit and jurisdictions have therefore placed measures to prevent credit card payments being used for gambling.

  • Why can’t I withdraw to my MasterCard account from my online casino account?

    Because MasterCard will not accept a withdrawal from an online casino account as a means of paying a credit card bill. Most MasterCard accounts only accept payments from bank accounts when the time comes to pay your credit card bill.

  • How long does a MasterCard deposit take?

    As soon as the payment has cleared, your money should be in your casino account. This should take no longer than a minute.

  • Can I make MasterCard payments on mobile?

    That should not be a problem. Most online casinos now have cashier systems that work on mobile devices. It’s just a question of filling in the details that you are asked for, as you would need to do if you were paying via desktop PC or laptop.

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