Mastercard is a global reach company dedicated to payment services. Most famous is their credit and debit cards used by millions of people around the world. As we live in a time that is increasingly connected and cashless, the company has reached new heights by offering flexible and smart payment solutions. This also applies to casinos. With the credit card, you can easily complete your transactions without having to register for new services or use separate online wallets.
When credit cards began to emerge in the mid-1960s the Mastercard was one of the first cards on the market. At the time, it was a service that four different American banks jointly made sure to offer their customers – and it was given the somewhat elusive name of Master Charge: The Interbank Card. It wasn’t until 1979 that it got its current name. Since then, the company has been a world leader when it comes to cashless transactions. Nowadays, a large proportion of all online trading takes place and Mastercards is well suited to use for payments.
How does MasterCard work?
A Mastercard is an easy way to collect all your payments in one place. Chances are that you already own a credit card to use to shop at grocery stores or other physical stores. Maybe you have also used it to shop online. Using the Mastercard service for casino use differs only in the details. The principle is the same: you use the card details to transfer money from your account to the gaming account at the casino .
If you do not have a Mastercard today, you can talk to your bank to see if they offer that service. Often it is relatively easy to change to a new card service and have a new card issued in your name. You can also choose to get a new Mastercard from an issuer as a credit institution. The important thing is to always read the terms of your card. While some credit cards only have a low annual fee and low interest rate, others may require you to shop for a certain amount or the fee is significantly higher than you first thought. Then your new card can become a loss business instead of contributing to a simpler everyday life – as the case should be.
It is also worth checking out the difference between credit card and debit card. In many cases, your bank offers Mastercard cards in both categories. The difference is that credit cards allow you to borrow money on credit while a debit card only works with money that you deposit into your account. A credit card can give you greater flexibility in everyday life, but if you want to be sure that you only play for money you own, a debit card can be a better solution for casino use. A card of unspecified type is simply called a bank card.
How do I use my card at online casinos?
To use your Mastercard at the casino, you first and foremost have to register on the site . There you get the option to make a deposit. Once you have decided how much you want to deposit, you choose the payment method. Here it is often enough to press the iconic Mastercard logo and you will come to a page where you can enter your card details. These are the 16-digit number on the front of your card, the expiry date on the card itself and the three-digit code on the back of the card.
Here, of course, it is of the utmost importance that you keep your card details for yourself. If they end up in the wrong hands, they can be used to withdraw money from your account or carry out online fraud like ordering stuff from the net. To further increase security, you can use Mastercard’s SecureCode service. It forces the user to enter a code that verifies your identity. Even if it means another step before your money is deposited, it gives you the confidence that only you have access to the money – even if the card is stolen or lost.
How long does it take to deposit and withdraw money with MasterCard?
When it comes time, the bank card has long had a great advantage. As transactions over the network have the potential to take place in no time, the Mastercard has long been used for fast transfers. At casinos this means that you can deposit money with a Mastercard card and get the money at once. It only takes a few moments from entering your card details to having the money in your gaming account.
When it comes to withdrawals, the lead times are often slightly longer. This is because the casino needs to verify that they are sending the money to the correct address and can establish your identity. It usually takes one working day, but it can also take up to five days. It all depends on how quickly the casino works to approve your withdrawal. Therefore, times also differ slightly from casino to casino .
How are other payment methods?
The Mastercard is unbeatable in terms of deposits. Here you can easily and easily deposit money immediately and start playing immediately. Withdrawals are also faster on bank cards than when it comes to, for example, bank transfer. However, the main advantage of Mastercard services is not the speed. Instead, it is the convenient solution to use your regular bank account to shop online.
Unlike online wallets that divide your money into separate accounts, Mastercard payments ensure that they go from the same account that receives your paycheck and that you buy groceries with. This means that you do not have to remember passwords to different accounts or try to find out where your money is.
With Mastercard cards you almost never have to be left unresponsive when it comes to payments of various kinds. In total, there are about 2.6 million stores around the world that accept the company’s card services. On the net, the spread is equal. All serious casinos use card payments of some kind – and this makes Mastercard cards a safe card if you want to ensure that you always have a successful payment method at hand.
Mastercard cards can also have other benefits. If you choose a credit card issued by a credit institution, chances are you will receive points or cashback on your purchases. That means you get rewards for every time you use your card. In many cases, however, large purchases online – such as casino deposits – are not rewarding. Again, it is always worth looking at the individual terms to make sure you get the right conditions.
What does it take to get a Mastercard?
Most people have the opportunity to get a Mastercard in one way or another. Credit cards are usually more difficult to get issued than debit cards . With a credit card, you may be required to have a certain minimum income or no payment remarks. This is so that the issuer can ensure that you repay the loan. If you are unable to obtain a credit card, most banks will issue credit cards to their customers.
With Mastercard you have the opportunity to collect all your purchases in the same place and thus gain full control over income and expenses. This means, for example, that you can set a budget and see where your money goes. Therefore, it is a great way to use for casino deposits because you can easily see how much you play for each month.