You have most likely seen the Mastercard logo at stores, restaurants, and many other businesses. You have also probably seen the logo displayed on merchant websites and other online enterprises such as betting sites.
Mastercard was founded in 1966 and is now one the most used payment methods in the world. Users obtain their credit cards through financial institutions provided the card applicant has a good enough credit history.
Debit cards are given out by financial institutions as well and can be used to make purchases that are automatically deducted from the customer’s bank account. Prepaid Mastercard products can be purchased at many retailers throughout the world.
These cards are easy to use. At land-based establishments, customers usually pay for their purchases by swiping the card through an electronic reader. Using these credit and debit cards usually requires the user to enter a PIN.
Customers that use their credit and debit cards for online purchases are normally required to enter the 16-digit card number on the front of the card and the 3-digit CVC/CVV that is placed on the back of the card.
Top 10 bookmakers for Mastercard deposits in 2020 – Updated List
How and why should you use Mastercard for Sports Betting?
The main reason for using Mastercard for betting is that it is very convenient and transactions are quickly processed. Because it is accepted by most online bookies throughout the world, users are able to select from a huge number of top-rated online bookmakers.
Using Mastercard for betting on sports is simple. Once you have found a bookmaker that accepts it, it’s just a matter of signing in, finding the “Deposit” option, and following the instructions.
Click on “Mastercard” when you are asked to pick a payment method. After entering the appropriate information, your betting account will usually be instantly credited. Mastercard sportsbook withdrawals are just as easy.
Is it Safe to use Mastercard for Sports Betting?
Using Mastercard for sports betting is quite safe. These transactions are scrutinized against many factors such as comparing the location of the purchase against the location of the card holder. This is why it is important to inform Mastercard if you plan to use the card while travelling.
Users need to take certain precautions such as keeping their information private and not performing internet transactions on open or unsecured networks. Customers also need to make sure that the website on which they are making a payment through is also secure.
Are there Mastercard Fees on Deposits and Withdrawals at Bookmakers?
Mastercard providers may impose fees such as a currency conversion fee when depositing and withdrawing at bookmakers but most bookies do not charge deposit fees. Mastercard bookmaker deposits are normally considered cash advances instead of a purchase which means that you may pay higher interest.
Be sure to check with your Mastercard provider to find out if any fees apply to bookie deposits.
How to Make Deposits and Withdrawals Using Mastercard?
Once you have found a reputable Mastercard bookie you can make a deposit. Log into your betting account and find the “Deposit” option. Follow the instructions and choose “Mastercard” when you are prompted to choose a payment method.
You will be required to enter the 16-digit number on the front of your card along with the 3-digit CVC that is located on the back side beside the signature box. Once you have completed this process, your betting account will be instantly credited and you can begin to place bets.
Withdrawals using Mastercard are almost the same. Please be aware that not all sportsbooks accepting Mastercard deposits will allow withdrawals by the same method. Check your bookie to see if withdrawals by this method are allowed.
If they are, choose the “Withdraw” option at your sportsbook and follow the instructions. Click on “Mastercard” when asked to provide a withdrawal method. Unlike deposits that are immediately credited to your betting account, withdrawals can take a couple of days to reflect on your Mastercard account.
Remember to complete the verification process right away. This will prevent any unnecessary delays when it comes time to withdraw.
What are the Best Betting Sites that Accept Mastercard?
The vast majority of the world’s most reputable brands in online bookmakers accept Mastercard. Industry giants Pinnacle, LSbet, and Marathon Bet as well as Sporting Bet, Expekt, and Betclic accept this payment method. Bwin, Vernons, and 888 also accept this method for deposits as do SBObet, You Win, Stan James, and Noxwin.
You can easily find such a bookie by referring to the extensive bookmaker database at Gamblingjudge.com. Don’t forget to get your hands on a great bonus too.
Is Mastercard Good for Betting Bonuses? What are the Top Mastercard Betting Bonuses?
Mastercard deposits are a very good way of collecting bonuses. Bet Victor and Betsson will give you up to €25 in welcome bonuses when you deposit using this type of card and you can get up to €50 at 10Bet and Unibet when you deposit with Mastercard. Those who deposit with by this method will love the €200 in bonuses that they can get at SBObet and OddsRing.
Check out the promotions section at Gamblingjudge.com to find more valuable bonuses and promotions.
Are Some Countries Banned from Using Mastercard?
There are different restrictions placed on different products of this brand. Some governments have directed financial institutions to block all transactions involving gambling sites which means that Mastercard credit card and debit card transactions will be declined.
Some countries do not allow the use of prepaid cards. It is really up to the consumer to find out where their Mastercard product can be used and where it can’t be used.
Can Mastercard be used for Sports Betting in the UK?
Yes, Mastercard credit, debit, and prepaid cards can be used for sports betting in the UK and most UK-based online bookmakers gladly accept this payment method.
Advantages and Disadvantages of using Mastercard
The biggest advantage to using Mastercard is that transactions are fast and easy. Deposits are almost always instantly credited to betting accounts and withdrawals are relatively quick to process.
So many online bookmakers offer this as a payment method which means that punters that use this method have a lot of choices. They are also able to make transactions involving significant sums of money compared to some other methods.
One of the drawbacks to using Mastercard for betting is that not all bookies that accept deposits also allow this method for withdrawals. Make sure to check with your bookmaker to find out if withdrawals by this method are permitted.
Another downside is that some bookies impose fees on credit card transactions and Mastercard betting deposits are likely going to be considered as cash advances which are subject to higher interest rates.
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