Best Mastercard Online Casinos 2024

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Players factor in a lot of aspects when picking a gambling platform, and our list of top Mastercard casinos has been carefully selected based on various essential factors besides the payment method, such as user experience, access to support staff, the operator’s reputation, game fairness, etc. In this review, we’ll briefly overview Mastercard as a company, its products, and market coverage in gambling-friendly territories. Moreover, we’ll also provide a step-by-step guide on how to deposit and withdraw in online casinos with Mastercard, the pros and cons of Mastercard casinos, and Mastercard transaction times and fees, among others. 

Before we go into detail, you must first understand what Mastercard casinos are and how they differ from the rest. In simple terms, they are gambling platforms (land-based and online) that allow players to make deposits and withdrawals using Mastercard products.

General information about Mastercard

Mastercard is a well-known American multinational company that offers various payment processing services to users worldwide. But before we discuss the company’s services, we must first understand the brand’s history.

History of Mastercard

To begin with, Mastercard dates its origins to the late 1940s when various US banks issued their customers unique papers that could be used as cash in local stores. However, its true conception was in 1966 when a vice president of one of the American banks invited several banks to join forces to offer credit card services. Through this move, the attending members formed the Interbank Card Association, and within a year, the membership had grown to 150 banks. 

In 1969, ICA changed its name to Master Charge, which was later rebranded to MasterCard in 1979, a move intended to show the alliance’s commitment to international expansion. Between 1985 and 2013, Mastercard acquired numerous companies, including Cirrus ATM network, Europay International, Orbiscom, DataCash, Provus, etc.

About Mastercard and its services

Mastercard offers various financial services through branded credit, debit, and prepaid cards. However, the company does not issue these cards directly. Instead, it uses member banks and other financial establishments, meaning you can easily procure a Mastercard card from your bank and use it to make payments, such as online casino deposits and withdrawals from anywhere, as it’s one of the most widely accepted banking methods worldwide.

When it comes to gambling, it’s easy to find online casinos accepting Mastercard, as it features numerous perks, including almost instant deposits, straightforward withdrawals, and data privacy, among others. Therefore, we can confidently say that it’s an ideal and convenient payment option for online casino players worldwide.

Types of Mastercard cards for online casino players

As mentioned, Mastercard issues various cards with different benefits and services, accommodating a broad and diverse customer base. Therefore, depending on your card type, you can make secure deposits and seamlessly cash out your real money winnings in Mastercard online casinos. Below is a brief overview of the different types of Mastercard cards.

Mastercard credit card

Credit cards allow users to spend funds that don’t belong to them, and then they’ll pay back the amount owed at the end of the agreed period. Simply put, the credit card funds act as a loan granted to you by your bank, but you pay it back with some interest. Depending on your issuing financial institution, you can make the payments in full at the end of the month or spread over a certain period. 

With Mastercard, there are different types of credit cards (Standard, World, and World Elite) you can acquire depending on your usage and how much purchasing power you wish to have, and each card has its perks. You should note that some credit card issuers don’t allow gambling transactions; thus, you should consult your bank before performing online casino transactions.

Mastercard debit card

A debit card is usually linked to the owner’s bank account, meaning you can only spend the money you currently have in your account when making payments, such as depositing in real money Mastercard casinos. Therefore, if you don’t have enough funds in your account, the payment will not go through. One notable feature of debit cards is that payments are processed almost immediately after authorisation, allowing you to enjoy your favourite casino games within no time. 

On top of that, you can easily cash out your real money winnings using the Mastercard debit card, but withdrawals are not as swift as deposits. Like credit cards, there are various types of Mastercard debit cards, including the Standard Debit Mastercard, Enhanced Debit Mastercard, and World Debit Mastercard.

Mastercard prepaid cards

Prepaid cards have a mechanism similar to debit cards as they allow you to load money onto them, and you can only spend the available amount. However, unlike debit cards, prepaid cards are not linked to your bank account, meaning if the funds run out, you’ll have to replenish the card if you wish to continue using it, a feature that helps manage your spending more effectively. 

They are considered highly convenient since you don’t need a bank account to own one, and no credit checks are conducted before issuance, opening them to everyone in need. In addition, prepaid cards are safer since they can be funded directly using cash, eliminating data sharing with third parties. A significant drawback of these cards when it comes to gambling is that you cannot withdraw winnings from online casinos that accept prepaid Mastercard.

Mastercard gift cards

Gift cards offer a great way to appreciate someone as they usually feature funds loaded onto them, and they can be used to make payments just like a regular card. All you have to do is pick a design depending on the occasion and purchase it online. Afterwards, you can send it via mail as a plastic card or as an eGift via email. The beneficiary can then use it to make online purchases or fund their player account in Mastercard casinos online. Like prepaid cards, Mastercard gift cards offer the utmost data privacy since your details are not directly linked to the card. However, unlike debit cards, you cannot request a payout from your online casino using a gift card.

Mastercard market coverage

Despite being an American company, Mastercard provides its payment solution services to numerous merchants and customers worldwide. This makes it an ideal payment method, especially for online purchases, since you can transact with your card from anywhere in the world. Since its inception, the company has aimed to power a digital economy, allowing people to make safe and swift transactions regardless of location. 

During the initial stages, Mastercard only comprised American banks, but as the years went by, it formed alliances with international banks. As of today, Mastercard has an outstanding global reach, serving over 210 countries in North America, Latin America, Europe, Asia, the Middle East, and Africa. Some gambling-friendly jurisdictions where you can use Mastercard services include

• Australia
• India
• New Zealand
• Malaysia
• Canada
• UK
• Switzerland
• Ireland
• Mexico
• Argentina
• South Africa
• Nigeria
• Kenya

Therefore, with such a massive global presence, you can fund and withdraw your winnings from the best Mastercard casinos in various currencies, including USD, GBP, INR, EUR, BRL, CAD, KES, NGN, ZAR, etc.

How to deposit to online casinos with Mastercard

The Mastercard banking method is well-suited for online casino players as it offers a few perks, including quick payment processing, friendly transaction costs, and secure transactions. Therefore, once you authorise a transaction, mainly deposits, the funds will be credited to your casino account almost immediately or within a few minutes. 

Regarding transaction costs, Mastercard is a cost-effective banking option as it features zero transaction charges for deposits, but this is not standard across Mastercard online casinos. One notable feature of this payment method is its simple deposit procedure, meaning you’ll have access to your favourite real money games in just a few taps. Below is a step-by-step procedure for depositing funds in online casinos accepting Mastercard.

Pick a Mastercard casino

Your first step is to find Mastercard casinos online and choose the one that best meets your gambling needs. Afterwards, sign up for a player account and proceed to the cashier section. Here, you’ll be presented with a list of the supported banking methods, including Mastercard.

Choose your banking method

Pick the Mastercard payment option to fund your account using this method. Upon selection, you’ll be redirected to a new window where you’ll be required to enter your Mastercard details, such as the 16-digit card number, the card’s expiration date, and the Card Verification Value (CVV) code.

Enter your deposit amount

After filling in your card details, you will enter the amount you wish to transfer to your casino account, considering the minimum and maximum deposit limits of your preferred gambling platform. Afterwards, click the Submit button to begin processing the transaction.

As mentioned earlier, Mastercard transactions usually have swift processing times, meaning your gambling account will be credited shortly after. Top Mastercard casinos have welcome offers for successful deposits. Therefore, you’ll be eligible for a signup bonus once the funds hit your account. However, we recommend reading the bonus T&C to better understand the wagering requirements before claiming it.

How to withdraw from online casinos with Mastercard

Mastercard is a two-way payment system since it allows you to deposit and cash out winnings from real money Mastercard casinos. However, depending on your jurisdiction, some banks don’t accept gambling payments, barring you from using Mastercard as your casino withdrawal option. In addition, not all cards can be used for payouts. For instance, prepaid and gift cards can only be used for deposits, but when it comes to withdrawals, you’ll have to use an alternative method, such as an e-wallet or a direct wire transfer. Therefore, cashing out your winnings is only feasible with credit and debit cards.

When it comes to withdrawals, especially the first withdrawals, your first step will be to conduct the verification procedure, which will require you to submit personal documents such as your ID card, front and back photos of your Mastercard, a recent utility bill, and bank statement, among others. Afterwards, the cashout procedure is performed similarly to the deposits. Below is a guide on how to go about it.

1. Go to the cashier/banking section and click the ‘Withdraw’ tab.
2. Like with deposits, you’ll see a list of the supported payout methods. Select Mastercard as your preferred option, and you’ll be redirected to a new window. If you had deposited through the same banking method, all your card details will be saved in your account, meaning you won’t have to enter them during cash out.
3. Enter the amount you wish to cash out, submit your request, and wait for the funds to be released.

One downside of Mastercard withdrawals is that they don’t have swift transaction times as deposits, as they usually take within 1-3 business days to process. However, your preferred Mastercard casino’s withdrawal times determine the overall time it’ll take for the funds to hit your account.

Mastercard transaction times and fees

When it comes to deposits, Mastercard is considered one of the fastest payment options since the funds are almost instantly floated into your player account after authorisation. All you have to do is simply enter your Mastercard details (card number, expiration date, and CVV) and the amount you wish to deposit to complete the transaction. Afterwards, the funds will be transferred to your casino account within a few minutes or less. As previously stated, Mastercard withdrawals don’t have swift transaction times, as it may take between 1 to 3 business days to process.

Regarding transaction charges, the best Mastercard casinos allow players to fund their accounts and cash out winnings without service fees. However, since Mastercard charges online merchants for each transaction, some operators might impose these processing fees on players. Therefore, we recommend reading the online casino’s payment terms to learn if there are transaction fees attached to deposits and payouts. 

Generally, Mastercard charges a nominal service fee between 1.15% and 3.15% for cashouts made using its channel. You should also note that you might incur conversion fees if you deposit in a different currency from the one registered on the card.

Mastercard casinos pros and cons

Pros

• Easy access to Mastercard cards: Forming alliances with banks and other financial institutions worldwide has made it easy for players to acquire and use their cards wherever they are.
• Widely available: Depending on your location, almost every online casino supports Mastercard as a payment option, with only a few shying away.
• Security: To prevent online fraud and unauthorised third-party access, Mastercard employs top-tier security measures such as 3-D Secure and tokenisation.
• Two-way payment system: Depending on your jurisdiction, you can use Mastercard to fund your account and withdraw your winnings.
• Convenience: Mastercard is a convenient payment option, allowing players to make transactions in different currencies, including local ones.

Cons

• Depending on your gambling platform, withdrawals might attract a service fee of between 1.15% and 3.15%.
• After approval of your payout request, it may take up to three business days for the funds to be credited to your account.

Convenience and safety of Mastercard casinos

Carrying cash in a physical wallet or keeping it in the house is no longer safe as it may be stolen, or you might lose it during your errands. To help avoid such scenarios, numerous jurisdictions in partnership with fintech companies such as Mastercard have been promoting a cashless economy by introducing credit, debit, prepaid, and gift cards. Through these cards, users can load funds into them and use them to perform various online transactions, including funding their gambling accounts. You can also request a withdrawal from your preferred online casino using Mastercard, which is a convenient banking method for players who wish to save their winnings.

Regarding safety, the company employs top-notch security protocols, allowing users to make secure online transactions without worrying about unauthorised third-party access. For instance, Mastercard issues its users with a unique private code (SecureCode), which you must enter when making an online purchase to authorise the transaction. Your SecureCode is never shared with your online casino, preventing you from online fraud. However, if you have not registered for this service (SecureCode), you might be prone to credit/debit scams.

Conclusion

With various jurisdictions working towards a digital economy, reputable fintech companies such as Mastercard have joined in to help achieve this goal. Generally, the company offers payment services through its branded credit, debit, and prepaid cards. However, the company does not issue the cards directly. Instead, it uses member banks and financial institutions worldwide, making it easy for users to access their services. Therefore, you can acquire a Mastercard card from your bank and use it to perform secure online transactions, such as casino deposits and withdrawals from anywhere.

In this article, we have provided a step-by-step guide on how to deposit and withdraw in Mastercard casinos, alongside highlighting their pros and cons. We have also discussed various key details regarding the Mastercard payment method, including its history, services, market coverage, transaction times, and service fees.