Future of Blockchain in Gambling Space Explored in ASEAN Gaming Summit 2019
March 20, 2019
What is Blockchain? What are its benefits? Who uses it? Day 2 of ASEAN Gaming Summit 2019 puts blockchain's role in the gaming space in the spotlight.
No matter which casino you go to, chances are the payment methods you will usually find are credit and debit cards. One of these banking channels is Maestro. Founded in 1992, it is a subsidiary company of Mastercard, one of the leading global payment processors. In some countries, Maestro is Mastercard’s main debit card. But in other areas, it enhances services by Mastercard. Either way, the process you will enjoy are quick and efficient. This efficiency is the reason why you will find many Maestro online casinos on the market.
The best way to use this payment method is to get an account first. Simply go to a bank that offers Maestro as a debit card, then follow the requirements. This means you have to submit important documents and to talk to a bank officer. The process usually takes a week or two before you could get your Maestro card.
To make a deposit using Maestro, you must first make sure that your bank account has enough money. This is because the casino will reject your payment if you do not have enough funds in your account. After that, simply go to the Cashier section and fill in the required details. Within seconds, you can start playing using your deposit amount.
There is no doubt that Maestro is one of the easiest payment methods to use when topping up your account. It is accessible as you can make a deposit no matter where you are in the world. And since it is a debit card, you can control your funds. So if your bank account is short on funds, you will not be able to load your casino account.
But one of the best advantages of Maestro is SecureCode, which enhances your card with a secret code. Only you and the bank know of this secret password, ensuring that no one else can use your card. Some banks may also ask you to key in one-time passwords every time you use your card online.
But while Maestro promises convenient banking, it has a few downsides. For one, getting a card takes a significant amount of time. You have to go to a bank offering the debit card and comply with requirements, after which you will get your card in up to two weeks. This is definitely a long registration period, compared with e-wallet registrations that take less than an hour.
Additionally, not all casinos will allow you to cash out using Maestro. So this means if you chose to top up your account using this method, you have to find an alternate cash-out option.