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Making a Payment with Mastercard

So how do you go about adding funds to you online gambling account with a Mastercard debit card? The process is pretty much the same at every operator when it comes to using cards. After you have opened your account you need to click on the Add Funds tab or its equivalent at your favoured online casino or sportsbook. You then choose Mastercard as your preferred method and choose the amount of funds that you wish to deposit in your account. At most operators, the funds will be in your account almost immediately.

The good thing about using Mastercard for gambling online is that you can usually make withdrawals to the same card that you used to deposit. So if you’re lucky enough to place some successful wagers, or enjoy a successful session at an online casino, then you will usually be able to withdraw your winnings very speedily. We’ll look at that in more detail next.

Average Time for Mastercard Withdrawals and Deposits

When making a deposit with Mastercard you can usually expect the funds to be within your account almost immediately, though this is not always the case. Processing times are usually very swift if you are using Mastercard for online gambling, though, and it is rare that you would have to wait longer than a working day for money to appear in your account if you are making a deposit.

Withdrawing winnings can take longer. This is usually because the gambling site will have their own processes and procedures in place to guard against criminal activities like money laundering. These are nothing to worry about, but it could mean that you have to wait around three to five working days for money to appear in your account. This is often speedier than waiting for the money to arrive via direct bank transfer or similar, however. It is also very rare that you will be charged for making a withdrawal when you are using Mastercard for gambling online. It can happen, though, so it would be unwise for us to completely rule out it ever happening.

The best way to check on withdrawal and deposit processing times is to check the Help section of your favoured online casino or betting site. The times and any charges for processing transactions will usually be found there. If that proves tricky, then it is a good to contact customer services for clarification. Our reviews here at Betting.co.uk are another good source of information about matters like processing times and fees.

The History of Mastercard

The roots of Mastercard date back to 1966. That was when a group of California banks formed the Interbank Card Association (ICA). New York’s Midland Bank (now HSBC), the United California Bank, which later became the First Interstate Bank, Crocker National Bank and Bank of California (now known as Union Bank of California) later joined with the ICA to create Mastercharge: The Interbank Card. Other financial institutions would later become involved too, and by 1979 the card had been renamed as Mastercard. Another brand, known as Access, was acquired in 1997.

By mid-2006, the company had rebranded again, becoming Mastercard Worldwide in order to reflect the global reach of the cards. A new logo was also launched at this time, with a third circle being added to the two that had previously been used. By 2014, the company had teamed up with Apple to launch a new mobile wallet feature into Apple’s new iPhone models. This won’t be available on betting apps for Android devices, though. This made Mastercard even more convenient when it came to paying for goods and services online.

Mastercard Compared to Other Providers

If you’re using Mastercard, online gambling can be a very convenient process. This is one reason why we at Betting.co.uk will recommend this method to gamblers. While using eWallets like Skrill or PayPal for slots and casino deposits can be convenient, they are often not as flexible as Mastercard debit cards. Sometimes you cannot withdraw your winnings to eWallets. This can slow down the process of getting your hands on any winnings that you might have been lucky enough to acquire.

Another important thing to remember is that when you use Mastercard for gambling online, you can claim the vast majority of welcome bonuses and other offers from operators. Using other methods, such as a casino Visa prepaid card or ewallets, can often prevent you from doing this. This is another reason why we at Betting.co.uk believe that when you’re using Mastercard, online gambling is a much smoother, simpler process than when you opt for other payment methods.

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Mastercard FAQs

Can I withdraw winnings to my Mastercard account?

The great thing about using Mastercard for gambling is that you can usually withdraw winnings to the same card that you used for depositing funds in your account. While this is not true of every operator, the majority do allow you to withdraw funds to the same card. This kind of convenience helps to explain why Mastercard debit cards have become so popular amongst online gamblers of every type. Whether you prefer sports betting, casino games or bingo, Mastercard is a very flexible and secure payment method.

Can I claim bonuses if I use Mastercard for online gambling?

Another great feature of using Mastercard for online gambling is that it allows you to claim live casino sign up offers and welcome bonuses without the same kind of restrictions that using ewallets like Skrill or Neteller places on punters. Many operators do not allow punters who use ewallets to claim welcome bonuses and other promotional offers. This is another reason why it is a good idea to use Mastercard debit cards to fund your online casino account.

Is Mastercard accepted at all online casinos?

While Mastercard is widely accepted at a wide variety of online gambling sites, it would be untrue to say that it is accepted everywhere. It is hard to find an operator that does not accept their punters using the cards on their site, though. The best way to check to see if an operator accepts Mastercard is to check out our detailed reviews here at Betting.co.uk. Whether you’re looking for a sports betting or a poker site, we can help you find what you’re looking for.

Can I use a Mastercard credit card for online gambling?

While we recommend using Mastercard for gambling online, it is important to note that the law changed for UK-based punters in April 2021 regarding the use of credit cards for online gambling. UK residents cannot now use credit cards to fund their online gambling accounts. It is still perfectly legitimate to use debit cards, of course, but you cannot now use credit cards in the UK. If you want to see the range of payment methods that can be used at gambling sites, then check out our online casino best payouts articles here at Betting.co.uk.

5 Reasons to Use Mastercard to Gamble Online

So why would we at Betting.co.uk recommend that you use Mastercard for online gambling? Here are a few reasons why we think it is a good idea.

1. It is widely accepted at the majority of online gambling sites in the UK.
2. You can usually claim all the welcome bonuses and other promotional offers when you use it.
3. It is very safe to use, with a great global reputation and robust security systems in place around all of its transactions.
4. You can usually withdraw any winnings you may be lucky enough to gain to the card you used to deposit.
5. Transactions using Mastercard are speedily processed, whether you are making deposits or withdrawals.

Mastercard can Help You Stay Safe Too!

Mastercard is among the safest payment methods to use when you are enjoying some online gambling. This is due to the company having its own security systems in place to protect all of your data and transactions. These systems complement the procedures and processes that are in place to keep you safe at the casino, sportsbook or with any Mastercard poker online platform that you are using.

If you want to stay even safer, you should keep your username and log in details for your casino account a secret. Never tell anyone about these, even people you trust. Complete secrecy is the best way to maintain security. It is also a good idea to change your password frequently. If your log in details are ever revealed to anyone by mistake, change them as soon as possible and also inform customer services at the online casino or sportsbook you’re using.

Using Mastercard, gambling can be a really enjoyable activity. If you want to find some other tips on staying safe and improving your experience when gambling then check out our betting and casino strategy articles here at Betting.co.uk. They are packed with tips and hints to help you.

Conclusion

As you can see, if you’re using Mastercard gambling online becomes a very simple process. This brand of debit card will protect you from crime, thanks to its robust security systems. It will also allow you to claim the vast majority of special offers, welcome bonuses and other promotions that bookies and Mastercard casinos online provide. This method also makes it much simpler to withdraw your winnings. If you want to see which operators accept Mastercard as a payment method, check out our casino reviews and other articles here at Betting.co.uk. Whether you are a seasoned gambler with years of experience or a complete novice, Mastercard is a great payment method to choose.

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