On this page we have selected some of the best bookmakers according to our honest reviews, who allow you to use a MasterCard for depositing and withdrawing money. You can see the most basic information such as bonuses, fees and does the site offer instant cash out. For an in-depth analysis of a bookmaker, make sure to read the whole review. We highly recommend you to register at Bet365 and use their MasterCard deposit option.
Bookmakers which accept MasterCard cards
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
* T&C’s apply. Click on Bet now to view the offer!
MasterCard is one of the biggest providers of credit and debit cards in the world, so it’s not surprising that their options for depositing money into your online gambling account are safe and convenient.
Even though it’s mostly know for issuing out credit cards, MasterCard can also provide debit and prepaid cards to their customers. The cards are available in more than 25 000 banks across the world. Here’s some additional information on how to use your MasterCard for gambling purposes.
How to use a MasterCard at Gambling Sites
MasterCard is one of the largest providers of credit cards, alongside Visa, so it’s highly unlikely that you’ll find a bookmaker that doesn’t accept this card. Despite that, the way you have to deposit money into your account depends on the type of MasterCard that you possess.
When making a new account you will be required to fill in your personal information, the number and expiration date of the card, plus a security code (if you have one). The personal information is in most cases your address, phone number and e-mail address. The process of making a deposit with a MasterCard is very similar to depositing with Maestro or Visa.
If you use a MasterCard credit card for depositing money, you need to know that you will have to use another method for the withdrawal. This is because of United Kingdom gambling regulations which don’t allow bookmakers to credit back money to your MasterCard credit card if the amount is larger than the original deposit.
It’s always important to have a limit when and play within your budget when gambling, so we recommend using debit or prepaid cards who have a set limit if you have a hard time controlling yourself.
MasterCard Online Security
Being one of the biggest providers when it comes to electronic financial services, MasterCard are very serious about detecting and preventing fraud. That’s why they have countermeasures to negate the effect that a fraud can have on a customer and, of course, to prevent it before it actually happens.
If you use a MasterCard for online transactions, you shouldn’t worry about your security, regardless if it’s related to bookmakers or online merchants.
MasterCard has introduced a Chip-and-PIN system which is developed by Visa, MasterCard and Europay to prevent any possible fraud. All of the cards have a chip which is matched with a PIN code.
The equivalent to the PIN code on the internet is the MasterCard Securecode. It can be created when you authorize your card (or later if you wish) and serves as private password or PIN number.
When you enter a bookmaker or an online merchant, you will need to enter this code over a secured connection which can’t be seen by the merchant. The security code is similar to the verified by Visa program and offers another layer of security to your online transactions.
A negative can be the fact that if your card is lost or gets stolen, MasterCard provides very little in terms of support for the customer, just like Visa.
History of MasterCard
MasterCard was created in 1960 by a consortium of five banks in California. Their goal was to compete against the Bank of America’s credit card, but this took some time.
The popularity of credit cards grew which led to MasterCard expanding and entering the British market in 1990 by purchasing Access. They also gained more exposure in Europe due to the merging between them and Europay in 2002.
The company continued to expand their worldwide presence and now have the second largest share of credit cards in the world. It is connected to many banks across the world in order to issue credit and debit cards which are accepted almost anywhere.
MasterCard Deposit Associated Fees
Before bookmakers used to charge fees when someone used an electronic form of payment, but nowadays that doesn’t seem to be the case anymore. Our research couldn’t find a bookmaker that charges fees for the use of MasterCard, regardless of whether the card is a credit or debit card.
If you use a credit card there could be some unnoticed fees, because you use it to withdraw money again the credit line, so these transactions have a higher interest rate than the point-of-sale ones. This is done without warning the customer.
We should add that this is a recurring practice not only by MasterCard, but by all credit card providers. There aren’t any issues when using a debit card.
*Note: www.topbettingsite.co.uk provide you with information about deposit options in the best betting sites in UK.