If you’re a sports betting fan, you know that we at Betting.co.uk take the subject of payment methods very seriously indeed. Our experts know that every punter needs a payment method that is safe and secure, as well as being widely accepted and convenient to use. In this article, we’ll tell you more about using Mastercard for sports betting.
You’ll find out more about how to look for good Mastercard betting sites, and you’ll also learn that Mastercard is a convenient and widely accepted payment method that allows you to claim a full selection of welcome bonuses and other promotional offers. If you use Mastercard, sports betting sites of a good standard are very easy to find too. This is a payment method that our gambling experts at Betting.co.uk are very positive about and recommend you take a good look at using.
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How to Add Funds to Your Betting Account with Mastercard
So what is the process when you are adding funds to your account at Mastercard betting sites and PayPal Poker Sites? Actually making a deposit in your sports betting account for Mastercard gambling is very easy, and we’ll break it down into simple steps for you here:
After you have opened your account, look for the Add Funds Now or Deposit tab at your chosen sports betting site. If you click on this, you will be taken to a screen where you can select Mastercard as your deposit option.
Select the amount that you want to deposit in your account. The minimum amount that can be deposited in a sports betting account is usually £10. You are free to deposit much more than that, of course. Also, it is a good idea to check if you need to deposit a certain amount in order to claim a welcome bonus or similar offer.
Check that the amount of money and anything else is all correct, including the card details that you have provided. You can then click on the Confirm tab or its equivalent.
The funds that you have deposited should be in your account almost immediately, though this can vary depending on the sports betting site that you are using. In general terms, however, Mastercard betting sites process deposits very swiftly. Withdrawals can be a different matter, though, and we’ll look at those next.
How Long Do Deposits and Withdrawals with Mastercard take?
As we have stated above, if you’re funding your online betting with Mastercard, your deposits are likely to be processed almost instantly. This is one of the significant advantages that comes from using one of the world’s leading brands in the sphere of electronic payments and Credit Card Betting Sites. Mastercard’s processes and technology mean that payments across the internet are processed very swiftly indeed. If you’re using methods like direct bank transfer then the process can take longer, so opting for Mastercard debit cards is a good choice when you’re sports betting.
Withdrawals using Mastercard can be processed just as speedily, but this is much rarer. Most sports betting sites take longer to process withdrawals of winnings than they do when dealing with deposits. There is a very good reason for this, in that most sites have additional security systems and procedures in place to guard against nefarious activities like money laundering. This is not something that should concern you. Most withdrawals are processed within three to five working days at Mastercard betting sites and that is comparable to gambling sites that accept Visa too.
One important thing to remember for UK punters is that the law around using credit cards for online gambling changed in April 2023. You are no longer legally allowed to use your Mastercard credit card for sports betting online. You can, of course, still use debit cards at Mastercard betting sites, however, so you should not feel too inconvenienced by this. If you want to know more about the specifics of the new legislation around credit cards and online gambling, then we have a series of articles here at Betting.co.uk that will be useful for you to read.
We have heard reports that you may be asked to withdraw to another payment method rather than your Mastercard; this is a very rare occurrence, but it's still useful to know about so that you can plan accordingly just in case. Bettors who have experienced this request report they were able to withdraw to their bank account without issue instead, and given the issue is incredibly unusual and infrequent, we still feel Mastercards can be recommended for online betting purposes. We at Betting.co.uk just believe in making sure you have all the information at your disposal, so we leave no stone left unturned when imparting information, even when there's no cause for concern.
The History of Mastercard
If you’re looking to enjoy some online betting, Mastercard is a really good option to take. This is partly because the brand has a long history that has allowed it to develop such a strong all-round reputation. The brand’s history begins back in 1966, when a group of banks, mainly based in California, came together to create the Mastercharge: The Interbank Card. By 1979, the brand had grown to possess an international reach, and had had its named changed to Mastercard.
In 1997, the credit card brand Access was acquired by Mastercard. The growth of the company continued apace, and in 2006 it was re-branded to Mastercard Worldwide to reflect its expanding international reputation and reach. The brand has continued to innovate to the present day. Notably, in 2014, they paired up with Apple to ensure that a new method of electronic payment was installed as standard on iPhones.
Mastercard Betting FAQs
How can I find the best Mastercard betting sites?
If you’re looking for good betting sites that give you the opportunity to fund your account using Mastercard then the choices are extensive. In fact, it often feels as if new betting sites open almost every day, so incredible the variety of choice has become. It's therefore clear that you need some help filtering out the best options for you in such a crowded marketplace. This is where we at Betting.co.uk can provide you with some real assistance. We suggest that you read our expert reviews so that you can assess which sports betting sites that allow you to enjoy online betting with Mastercard are best for you. Our experts will help you find the right betting site for you.
Will I be able to claim welcome bonuses at Mastercard betting sites?
If you’re enjoying some online betting with Mastercard then the good news is that you should be able to claim the full range of welcome bonuses and other promotional offers that are available at betting sites. While punters who use ewallets often face restrictions on which bonus offers they can claim, customers who use Mastercard debit cards are rarely penalised in this way. When you’re seeking out the best bonus offers for online betting, Mastercard is a great option to select.
Are the odds affected if I use Mastercard for sports betting?
Your choice of payment method should never affect the kind of odds that are offered at a sportsbook. The odds have nothing at all to do with the type of odds that you can find at a sports betting site. If you want to know more about how odds are calculated then we have a full range of articles on the subject here at Betting.co.uk. If you look at those, you will also find advice about how to spot the best value odds, where you can find best odds guaranteed, and also how to use odds to your advantage when it comes to picking the bets that are most likely to bring you success.
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There are many reasons why you should consider Mastercard as a strong option when it comes to sports betting. Here are a few of them.
It is widely accepted at a huge range of sports betting sites and online casinos
The biggest appeal of using Mastercard at sports betting sites is that is so widely accepted. Almost every sports betting site that we have reviewed here at Betting.co.uk that caters for the UK market has an option that allows you to use Mastercard. If you’re using this, your options are also improved if you like to play to use Mastercard for poker online too.
It offers a great deal of security for online gamblers
Mastercard is one of the most respected global brands when it comes to paying for goods and services electronically. This means that when you are using Mastercard for sports betting you are able to feel reassured knowing that very robust security measures are in place. Security is an important consideration for online sports bettors, so this is an area that you should note. If you’re online betting, Mastercard can help to keep you safe in all sorts of ways.
Mastercard users are rarely restricted when it comes to claiming bonuses
The quality of a sports betting site’s bonus offers can often be a major factor in punters opting to open an account at a site. Punters who opt to use ewallets like Skrill or Neteller can often find that sports betting sites place restrictions around them claiming bonuses. This can be a source of considerable frustration to many fans of online betting. Mastercard users rarely have to face this type of restriction on them.
It is very convenient and easy to use
As we have shown you above, the actual process of making deposits and withdrawals is usually very simple at Mastercard betting sites. When you are planning your bets, you do not want to have to be distracted by complex depositing and withdrawal processes. Mastercard transactions are processed speedily and the process is rarely complex. It is also rare that charges are applied to transactions using Mastercard when you are depositing or withdrawing funds at an online sports betting site.
Conclusion
As you can see, using Mastercard betting sites is a very good option to take. If you’re enjoying some online betting with Mastercard, then you are going to enjoy great security and safety for all your transactions. The cards are also widely accepted at a huge range of sports betting sites, so your options for choosing the best sportsbook are always going to be extensive. Mastercard sports betting sites also tend to allow you to claim the full range of bonus offers, without the restrictions that are often placed on punters who are using ewallets like Skrill and Neteller. Here at Betting.co.uk, we certainly recommend that you take a serious look at Mastercard as an option when it comes to funding your sports betting account.
💳Do any sports betting sites accept Mastercard credit cards?
If you’re looking for the best Mastercard sports betting sites then it is a good idea to check out our bookmaker reviews here at Betting.co.uk. As well as letting you know about which sites offer the best range of payment methods, we will also tell you about matters like licensing and security, the existence of VIP and loyalty schemes, and whether or not you can claim a tempting welcome bonus. Make sure you bookmark Betting.co.uk if you’re a keen sports betting punter!
🏅What is the most trusted betting site for Mastercard customers?
Here at Betting.co.uk, our experts know how to identify the things that punters like to prioritise. If you want to find betting sites that enjoy a good reputation for things like customer service, safety and security, and treating their customers with the proper respect, then Betting.co.uk should be your first port of call. As well as dealing with matters like this, we can also tell you about things like the generosity of bonus offers and what kind of value you can find with the operator’s betting odds. Betting.co.uk is here to help, whether you like sports betting, casino gaming or playing online poker.
⚽Which online bookie is the best overall for punters who use Mastercard?
If you want to find out which sports betting websites offer the best all-round customer experience then we strongly recommend that you check out our range of reviews here at Betting.co.uk. It’s there that you will find all the detail you need about matters like the choice of payment methods, bookmaker bonus offers and the security systems in place at specific operators. If you want to find the best possible sports betting site for you, then Betting.co.uk is where you need to be!
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required
Get up to £50 in FreeBets, an Odds Boost Token, 20 Free Spins and £10 Casino Bonus when you sign up to sportingbet today. Get rewarded as you complete our 4 Welcome Challenges, plus get an extra £20 FreeBet when you complete all 4.
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required
Get up to £50 in FreeBets, an Odds Boost Token, 20 Free Spins and £10 Casino Bonus when you sign up to sportingbet today. Get rewarded as you complete our 4 Welcome Challenges, plus get an extra £20 FreeBet when you complete all 4.
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