Established in 1966, MasterCard is an American multinational charge card cooperative owned by over 25,000 financial institutions. These companies issue all the MasterCard credit cards, allowing people from all over the world to process payments between their own bank and the banks used by consumers, merchants or credit unions. It should come as no surprise that many gambling enthusiasts prefer to fund their online casino and poker accounts using MasterCard credit and debit cards.
In our guide to online gambling with MasterCard, we’ll cover:
Like anything else, depositing at an online casino using MasterCard has its pros and its cons. As a general practice, our recommended method of depositing is always Bitcoin, as it’s fast, secure, and comes with larger bonuses.
With that said, MasterCard (and credit cards in general) tend to be the default method for most US-facing online casinos given their popularity and high acceptance rates. It’s worth noting that each online casino has different minimum deposit & withdrawal requirements for each payment method, so as always, we’d recommend reading the fine print.
We’d recommend any of the above casinos to US players looking to deposit with MasterCard, or check out our casino reviews to find additional options. Once you’ve chosen a casino, register your account for free.
Once you’ve registered your account, visit the casino’s deposit page. The page will vary depending on which casino you’ve chosen, but can usually be found in the main navigation, or on your account page. Once on the deposit page, select MasterCard as your chosen method.
Exactly like shopping online, you’ll be asked to confirm your information – card number, security code, etc. Enter this information and your deposit amount, and your funds will hit your account as soon as the payment is processed, typically within a few moments. Note that MasterCard cardholders are often prompted to enter a unique code (sent via text or email) to confirm their payment.
Making a MasterCard deposit is very simple and convenient – all you have to do is pick MasterCard in the cashier menu, input the aforementioned credit card details, add your billing address and wait for the money to be credited to your on-site account. In most cases, the transaction will be processed instantly, allowing you to join the action without any unnecessary delays.
This means that while MasterCard payments aren’t exactly on par with e-wallet deposit in terms of speed, they’re significantly faster than the traditional bank wire transfers or Western Union/MoneyGram cash transfers.
The transaction is going to show on your credit card statement, but keep in mind that most poker rooms and casinos use the name of their parent companies to avoid sounding like gambling sites.
Please note that while MasterCard payments have certain limitations. For example, most sites don’t offer MasterCard withdrawals, which means that you might be forced to cash out using a different banking method. In many cases, this means choosing between a bank wire transfer and check by courier. Both of these withdrawal methods are rather slow and might even end up being somewhat expensive, so you should definitely check all the available banking options before you decide to deposit your hard-earned money via credit card.
However, if you can make withdrawals, here are the typical steps you can expect to encounter when withdrawing from an online casino using a MasterCard card:
Navigate to the casino’s withdrawal page, choose your amount, and select MasterCard as your intended option.
If you want to withdraw using MasterCard, the online casino will need to confirm your identity, and that you’re the holder of the card in question. They’ll ask you for confirmation, often a piece of mail or a recent statement (with sensitive information redacted.)
While the exact time frame depends on which casino you’ve signed up with, typically the withdrawal is processed within 1-2 business days, and the funds are received 3-5 business days after that.
To confirm time frames at your online casino of choice, check their withdrawal page, or feel free to reach out to the casino’s customer support team, who can walk you through the process.
Some of the most popular online banking options aren’t available to US-based gamblers due to the Unlawful Internet Gambling Enforcement Act of 2006, which made it impossible for many financial institutions to process any money transfers between the US-facing offshore gambling sites and their customers. MasterCard payments are one of the few methods available to American gambling enthusiasts, but unfortunately, they aren’t really all that reliable. First of all, your card has to be cleared for international transactions – if you have a domestic-only card, your payment is guaranteed to be refused.
Furthermore, MasterCard credit cards tend to have lower acceptance rate than their Visa counterparts, which means that your transaction is quite likely to be refused even if you’re using a proper type of card. While trying to send money to a gambling site isn’t illegal and doesn’t involve having to cover any fees, there’s simply no denying the fact that multiple failures to complete the transaction can get very frustrating. On a brighter note, if your card doesn’t get refused, odds are high that all the subsequent payments are also going to go through. Consequently, trying to make a MasterCard payment often requires you to assume a trial and error approach.
If you’ve decided that MasterCard isn’t for you, or don’t have a MasterCard, here are some of our other favorite deposit methods: