Mastercard (also known as Master Card, MasterCard, or mastercard) was founded back in 1966, and it was a revolutionary payment method back then. It was originally branded as Interbank until it changed the name in 1979.
The creation of this payment method was actually a response from a couple of bankcard associations which were determined to compete with BankAmericard — a card created by Bank of America. That card was also rebranded later into what we today know as Visa card, which is issued by Visa Inc.
Mastercard International Global Headquarters is a building comprising of numerous offices located in Purchase, New York. However, the Global Operations Headquarters is in O’Fallon, MO.
Before being adapted for online payments, credit cards and debit cards by Mastercard were used in shops by millions of people worldwide. When Mastercard was introduced to the web, it was already an established brand which was associated with almost every possible bank in the world. The United Kingdom is also one of the countries that allow using Mastercard for making transactions both online and offline.
At the moment, Mastercard offers three types of cards:
- Credit cards
- Debit cards
- Prepaid cards
Credit and debit cards are the most common types, as they are the ones issued by your bank. The difference between them is that your debit card uses the money from your checking account balance, while a credit card borrows money from your bank which you must later repay.
When somebody mentions Mastercard, they usually think about either credit cards or debit cards. However, almost all online casinos in the UK accept prepaid cards as well. They are a bit different — you first need to load them with funds in order to use them to make payments.
Advantages of Mastercard
One of the main advantages of this payment method is its prevalence, as it is basically available everywhere, including online casinos, betting platforms, bingo sites, and more. Moreover, you can use Mastercard cards to make offline purchases as well, and with the latest technology introduced to stores, it is very convenient to use it for shopping.
Furthermore, Mastercard is also one of the fastest methods currently available. Although there are dozens of quick payment solutions, such as cutting-edge eWallets, cryptocurrencies, and more, none of them are able to match the instant transaction speed of Mastercard credit and debit cards.
If you want to deposit money to an online casino, you will have to wait just a couple of seconds before your funds appear on the platform. On the other hand, withdrawals may take up more time, since casinos often need to manually review withdrawal requests.
Mastercard is also one of the cheapest payment options out there — fees are minimal regardless of the amount that you want to deposit or withdraw. Although you might be able to find a couple of methods which are more affordable than Mastercard, they are usually not as convenient and as quick as this one. In fact, it is usually the casino or the bank that charge transaction fees, while Mastercard offers free transactions to everyone.
Finally, having a long history of successful transactions, Mastercard takes pride in being one of the most secure methods of payment in the world, using state-of-the-art technology to encrypt and secure every transaction.
How Does Mastercard Work?
Mastercard is not a typical payment platform, as there is no need to register on their website in order to use their services. Instead, you can obtain credit and debit cards by contacting your bank and asking whether they issue them. If you live in the UK, chances are that you already have a Mastercard.
Every card consists of a 16-digit unique number located in the front, as well as the CVV/CVC number — a 3-digit number at the back of your card. These numbers should not be revealed to anyone — you must be the sole user of your card. Whenever you connect your card as a payment method to an online platform, you will be able to instantly make deposits and withdraw funds from it.
How to Create a Mastercard Account
The only account you must open in order to obtain a Mastercard is the one in your bank. If your bank doesn’t issue Mastercard cards (which is highly unlikely), feel free to explore other options. There are dozens of banks across the UK which offer this type of card as one of the possible payment methods.
Depending on your bank, you will receive your card anywhere from a week to a month. The card is connected to your account, and the balance on your debit card is actually the balance on your bank account.
How to Deposit Using Mastercard
Depositing with a credit or debit card issued by Mastercard is a very easy and straightforward process. All it takes is to connect your card to the online casino of your choice and start making deposits. Let’s take a look at this step-by-step guide:
- Choose an online casino which offers Mastercard as one of the available payment methods (check out our list of Mastercard casinos above).
- Navigate to the “Register/Sign Up” button; it is usually located in the upper right corner of the site.
- Fill out the form.
- Choose Mastercard as your preferred payment method.
- Insert your 16-digit number and the CVV/CVC number which is located at the back of your card.
- Navigate to the “Cashier” section and select the amount you want to deposit.
- Confirm your deposit amount.
How to Withdraw Using Mastercard
Withdrawing with this payment option is even easier than depositing. Assuming that you have already connected your Mastercard to the online casino of your choice upon registration, you need to follow the steps below:
- Go to the “Cashier” section and select “Withdraw”.
- Enter the amount you want to withdraw.
- Confirm your amount.
Please take into account that the processes of depositing and withdrawing with a Mastercard card described here are not always exactly the same in all online casinos. However, the majority of them will follow the identical procedure when transactions need to take place. In other words, there is no way to get confused as long as you carefully follow the instructions.
Basically, Mastercard doesn’t charge any fees when you make deposits or withdraw money from online casinos (or from any other website). In fact, fees are mainly charged by either the casino of your choice or your bank. However, in most cases, those fees are very low, and they won’t affect your balance even if you make a big transaction.
Therefore, when choosing a casino, make sure to check out whether they charge extra when you deposit or withdraw using a Mastercard card. The majority of the casinos on our list do not charge extra fees when connected with a Mastercard card.
Mastercard Casino Bonuses
All online casinos offer various bonuses to attract new players and retain old ones. However, some payment methods are simply not suitable for claiming these bonuses. Luckily for us, Mastercard is not one of those methods, as all online casinos which accept Mastercard offer bonuses for people who use that payment solution to deposit and withdraw money.
Some casinos go as far as offering Mastercard-specific bonuses which are only awarded to users who use this payment method for online transactions at that casino platform.
The most popular type of bonus at online casinos is called the welcome bonus. This bonus rewards all new players with additional money once they connect a payment method of their choice and make the first deposit. The list on this page consists of the casinos which offer the most lucrative welcome bonuses.
Alternative Payment Methods to Mastercard
If you are not able to use Mastercard as a payment method in online casinos for some reason, you might want to check out some alternatives which can help you successfully deposit and withdraw money.
Visa is the most obvious alternative method as it uses the same type of technology and has been Mastercard’s competitor for a very long time. The process of using Visa cards is identical to using Mastercard cards, which is why you can always switch between the two if one of them doesn’t work.
If these two methods feel too mainstream for you, you can check out other popular payment methods for the UK casino sites in 2019. Some of them include:
People who like playing online casino games usually consider security the most important aspect of every payment method. In other words, their requirements are usually very difficult to meet since they can never be too careful when choosing the right option for depositing and withdrawing funds.
However, Mastercard’s security measures meet all the requirements that are proposed by casino aficionados. Apart from having a long history of secure and safe transactions, Mastercards is continually being improved by a team of experts researching cutting-edge technologies related to online safety and security.
Mastercard Casino FAQ
Who can use Mastercard?
Mastercard is available in most countries in the world, and the United Kingdom is one of them. If you live in the UK, you probably own either a Visa or a Mastercard card. These are issued by your bank, and the majority of banks in the UK offers Mastercard credit and debit cards.
Why should I use Mastercard?
It is a secure, safe, and quick payment method which allows you to deposit and withdraw money in a matter of seconds. Furthermore, the majority of online casinos available in the UK offers Mastercard as one of the available payment methods on their respective platforms.Is Mastercard safe?
Yes, Mastercard is one of the safest methods for making online transactions, especially if you want to use it in online casinos.
Can I use Mastercard in an online casino?
All online casinos in the UK offer a wide variety of payment methods, and Mastercard is usually listed among them since it is the most popular payment solution in the world right now, next to Visa.
How long does it take to deposit and withdraw from my casino account using Mastercard?
Deposits in online casinos are almost instant, while it may take some time for withdrawals to get processed. However, that is usually not related to Mastercard — it is the online casinos that take time to process payments because they need to review them. In other words, no matter how fast a certain payment method is, online casino platforms usually take at least a day to review your withdrawal request before it is processed.
How much does Mastercard cost?
Getting a credit or a debit card by Mastercard is usually free of charge. If you decide to open an account at your local bank that offers Mastercard cards, you will probably get one for free. Furthermore, Mastercard doesn’t charge any fees, but your bank may be the one to impose some charges when you use the card for making online transactions.
To sum up, if you live in the UK, Mastercard is a payment method which seems to be a perfect fit for online casinos. It is very easy to obtain one, and even easier to connect it to your online casino account and start making deposits and withdrawals.
As you could see in this article, the most convenient feature of Mastercard is its speed, as other payment methods usually take more time. Therefore, if you don’t like waiting for transactions to be processed, this is a perfect option for you.
Finally, Mastercard is very popular, which is why all online casinos try their best to include it among the available payment methods. However, not all of those casinos are worth visiting. Some of them may be a scam, while others might just have poor quality. Therefore, our team of experts decided to make a comprehensive list of the best online casinos in the UK that offer Mastercard as one of the possible payment solutions.
Make sure to check them out at the beginning of this page in order to get the most out of depositing with Mastercard, since many online casinos offer hefty welcome bonuses for players using this payment option.