MasterCard are synonymous with credit cards, in fact, Master Card can be something of a by-word for credit card. However, in recent years Mastercard has started to market prepaid debit-type cards bearing the MasterCard logo. You can pick these up in mobile phone shops, supermarkets and even your local store, and you can deposit cash onto them anywhere you see the MasterCard logo displayed.
Many travel agents now sell prepaid Mastercards to their customers as a way of allowing them to keep all of their holiday spending money in one convenient place. Another advantage is the ability to load these cards in the local currency of the country you are visiting on your vacation.
Many online gamblers have found these prepaid cards to be an ideal way to strictly control their online gambling budgets. As you can only ever spend the amount you have loaded on to the card, you will never be tempted or be able to overspend when gambling online!
Depositing By MasterCard
If you have a MasterCard credit card then you need to be aware that some card issuers will not permit you to make a deposit into some online gambling sites. However, many others will, so it is down to the rules of the particular financial institution you are with to determine whether you can use your Master Card for online gambling transactions.
Something else you should be aware of; financial institutions that do allow you to use your Master Card to deposit into online casinos accounts will often charge you for the privilege. This is because these transactions are seen as cash advances, in much the same way that you can be charged for taking money from an ATM with your credit card.
With regard to prepaid Mastercards, you will find that these are much more readily accepted and easy to use for online gambling purposes. Most players will opt to use these types of debit cards instead of the credit card versions, as any fees charged to use them to fund a casino account tend to be small, one-off fees. This is preferable to paying a percentage of the deposited amount, which is the case when using a MasterCard credit card.
Be aware that it is not always possible to get your winnings sent back to your MasterCard. In such cases, you will only be using it as a means to funding your online casino account; you will need a different payment method to enable you to speedily get your hands on those winnings!
Most online casinos will permit you to make a withdrawal from an account which you funded by a MasterCard by any method of your choice. You can choose a cheque, bank transfer or one of the many web wallets which are readily available to players.
How To Deposit Using MasterCard
Funding your online casino account using a MasterCard couldn’t be easier, all you need to do is to log into the casino in question and register your card. This is done by clicking on the banking page and selecting the MasterCard option. Once the page loads, you will have to enter the full card number as printed on the front of the MasterCard, along with the expiry date and your name as it appears on the card.
After you have entered the above information, your card details will be saved allowing you to make deposits using MasterCard much more rapidly in the future. Then when you are ready to make a deposit simply select your MasterCard from the drop down menu. Enter the amount you wish to deposit along with the CVV code on the back of the card and click Deposit.
Your MasterCard transaction will then be processed instantly and will be credited to your account before your very eyes! As a security measure, your CVV code is never saved by the casinos banking page, and as such you will have to enter this each time you make a deposit.
Benefits of Using MasterCard
The ease with which you can make a deposit using a MasterCard is going to be a major attraction to most players. However, there are also other benefits of using a MasterCard to fund you casino account and these are listed for you below:
Self-Imposed Limits – Should you be worried that you may get carried away when using a MasterCard to fund your casino account, all of the well-run online casinos will allow you to impose your own limits on just how much you can deposit each week or month.
Completely Traceable Transactions – You will be able to see when and where you used your MasterCard by logging into your online credit card account and viewing the transactions. This means you will always know where your money has been spent and how much you have available, allowing you to always be in control.
Completely Secure – As your CVV code is never stored on the casinos banking interface you will be safe in the knowledge that only you can access and use your MasterCard online. MasterCard also offer a fraud guarantee scheme, so should your card details be compromised and misused online, any losses incurred due to fraud are refunded quickly back to your account.
MasterCard Promotions – Many online casinos warmly welcome MasterCard deposits and many of them have included this option in their preferred deposit methods listings. You will often find that by using a MasterCard at many casinos, this will give you access to on-going reload bonuses when you use it to fund your account. So look out for these special MasterCard deposit bonus offers, as they offer true value for money and can give you longer playing sessions due to the bonuses granted!
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