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There is no doubt that Mastercard is one of the most commonly used among all available payment methods in online casinos. For one, the brand has been around since 1996 and is still one of the leading payment providers in the world. So it is not a surprise that there are hundreds of Mastercard casinos around, and the number is still growing.
4 Mastercard Options
What you will like about Mastercard is that it does not offer just one card type. In fact, you can choose to deposit money into your casino account using one of the following:
1 | Credit Card
This is Mastercard’s most popular product offered by many banks around the world. You will also find that this is the typical card used by casino player. This card type has different versions, each offering different benefits and security measures. The interest and payment terms also differ.
2 | Debit Card
In case you would rather top up your account with available cash rather than credit, the debit card is a good option for you. This saves you the surprise of receiving a notice from the bank saying that you owe it money. Besides Maestro cards, Mastercard also offers different debit card versions.
3 | Prepaid Card
Prepaid card basically has the same functions as the debit card in a sense that you will not be making a deposit based on credit. But what sets the former apart is that it is not linked to a bank account. Instead, you have to reload it every time it runs out of funds.
4 | Gift Card
Gift cards are the same as prepaid cards, only they are given by third parties. A difference, though, is you cannot reload them once you use up the available funds.
No matter what card type you choose, you can top up your account using the Mastercard option in the Cashier section. Keep in mind, though, that the bank might charge you a transaction fee per deposit.
Why Top up Your Casino Account via Mastercard
One of the obvious reasons for using Mastercard is that it is a widely accepted payment option, meaning most online casinos offer transactions via that method. Plus, when you transact using Mastercard, you will enjoy different features and benefits that the brand offers. And of course, the payment method has security measures in place so that no one can steal your information and your funds.
The Downsides of Using Mastercard
But while Mastercard is a widespread deposit method, this is not the case for the brand as a withdrawal option. This is especially true if you are in the US. Because of strict gambling regulations in the country, you might not be able to cash out via Mastercard, even if you are using prepaid or debit cards. In that case, choose another withdrawal option.