Mastercard is one of the most popular cards used for making online payments. Mastercard credit cards and debit cards are widely used to make payments to online portals, merchants, businesses, institutions, and of course, online casinos. Hundreds of online casinos accept Mastercard as a method of payment. So, if you own a Mastercard, you can stay assured that you can play on almost any of the online casinos.
How does Mastercard works as a payment method in online casinos?
Mastercard is linked to one of your bank accounts, which is used to settle your payments at the end of the biling cycle. A mastercard credit card extends you a line of credit for a fixed period depending on your financial profile and credit history. You can use it to make purchases and online payments, and you would have to pay some interest on the amount borrowed. A Mastercard debit card would directly debit your bank account for the amount you spend. At an online casino, you just have to punch in your personal details, Mastercard number, card verification code (CVC), and you can make payments. This number is printed at the back of the Mastercard. The online casinos are able to access an online verification system to verify your details and check your available balance. The amount that you spend would be billed to you at the end of the billing cycle.
What are advantages of using Mastercard as a payment method?
Reliable: With a Mastercard, you can be certain that your payment will reach the intended recipient (online casinos in this case). Unless you are short of balance, there is no way that the payments would be delayed or rejected.
Convenience: Mastercards offer the convenience of making anytime, anywhere payments. They can be used on hundreds of online casinos to make payments. One card can work at a number of casinos.
Secure: Mastercards offer you peace of mind. You can stay assured that your payments would be routed securely, and that chances of fraud are remote.
Easy to use: These debit and credit cards are extremely easy to use. All you have to do is fill in a few details and security code, and your payments would reach the online casino’s account in shortest possible time.
Are there any downsides that we should be prepared for?
Some online casinos charge a small amount for accepting
Mastercard payments. You also have to pay interest on the amount borrowed. Cards issued in US or Canada cannot be used to make payments to online casinos due to regulatory issues.
It is a no brainer that Mastercards are a great way to make payments to online casinos. They offer reliability, security, convenience and ease of use. However, you might have to pay some surcharge and interest amount.
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