There are many thousands of online casinos that accept MasterCard as a payment method and a good proportion of them are open to players in Canada. For that reason, in this article, we will look at MasterCard and examine why it has - along with VISA - become one of the most popular options for those who want to make online casino deposits. MasterCard casinos will be around for a long time to come, so knowing where this payment method came from and why it appeals to players should be useful to everyone.
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Brief Background of MasterCard
MasterCard was born in the late 1960s in the USA and was known as Master Charge: The Interbank Card until it was rebranded in 1979. This credit card has offered its customers convenience and security from the outset. Using a card to make purchases made it unnecessary for anyone to carry around large amounts of cash, and the option of being able to repay the cost of large purchases over several months also proved popular with the shopping public.
MasterCard was the first credit card to bear a security hologram, and today each card is protected even more effectively by chip and PIN technology. Online MasterCard payments are most often transmitted through secure connections with both card details and customer information being encrypted.
How to Deposit With MasterCard
Making deposits at casinos that accept MasterCard is very straightforward, and the whole process can be summarised in a few simple steps. Note that the order of these steps may vary from casino to casino.
The information that you have provided will be checked just as soon as you have submitted them. Assuming that you didn't make any mistakes when entering this information (it's always a good idea to double-check the details before submitting) your deposit will be approved or denied straight away. If approved, your deposited funds will usually appear in your casino account within a matter of seconds.
How to Withdraw Using MasterCard
Making a withdrawal from MasterCard online casinos is just as easy, but you can only do so if you have previously used the same card to make a deposit. In many cases, the casino will already have your card details on record, so all you will have to do is:
Withdrawal requests take longer than deposits to process, and MasterCard withdrawals can take anything up to seven banking days. It is also worth noting that not all casinos will let you make withdrawals to credit cards, even if you have used them to make deposits. In that case, you will need to make withdrawals via an alternative method that the casino offers.
MasterCard Fees
Depositing funds with MasterCard casinos is often viewed by the credit card issuer as a cash advance rather than a straightforward purchase. Cash advances often incur additional fees, and you may also have to start paying interest on such advances from the time of the transaction. Always check with your card provider to see what their position is on this matter, and consider using an alternative method of deposit if fees would be incurred.
Benefits of Using MasterCard at Online Casinos
There are several benefits of using MasterCard at online casinos. Here are some of the most important ones:
Pros and Cons of MasterCard
Best Alternative Payment Methods at Canadian Online Casinos?
MasterCard Casinos: Our Verdict
There is a reason why MasterCard casinos are so abundant, and that's because MasterCard is one of the most popular payment methods on the planet. It's easy to use, it's as secure as credit cards can get, and it's widely accepted at online casinos in Canada. You can even find online casinos that accept prepaid MasterCard if you look around. The only downsides are that you might be charged fees if your deposit is viewed as a cash transaction, and withdrawals can take several days to be processed.
