For online casino playing, there’s no harm in defaulting to the main payment method you’re already used to, and for many people, that’s MasterCard.
Like other major credit cards, MasterCard is highly popular and accepted by nearly all online casinos. But is it the safest, fastest, and most trustworthy option when hitting the online slot machines? Find out below.
Why payment methods matter at online casinos
Most fans of online casinos swear by their chosen payment method. That’s because a lot can change depending on which method you choose.
Payment methods at online MasterCard casinos will impact how long the withdrawal times will be, how much the fees will be if there are any at all, as well as general compatibility. Not all online casinos accept a wide range of payment options. Some people will abandon a site or app altogether if it doesn’t have their preferred payment method.
Perhaps the single biggest reason that payment methods matter is online safety. People should always aim to use licensed online casinos to protect themselves from scams or data leaks, and they can take things a step further by only using a secure and safe payment method.
The pros of MasterCard at online casinos
MasterCard is popular for several reasons among online casino customers. One of those reasons is compatibility, along with the convenience that comes with it. Nearly all online casinos accept the three major credit cards — MasterCard, Visa and American Express, making it easy for people to fund their online casino accounts at any time.
MasterCard is also known for its security features. Two-factor authentication and fraud detection are some of MasterCard’s fortes, making it an excellent choice for people who want to feel secure when conducting online transactions.
For transaction speeds, MasterCard also comes out ahead of other payment methods. Though they aren’t instant both ways like some cryptocurrency payments, deposits are normally instant when using MasterCard. This comes in handy for people signing up at a new online casino who are worried about long processing times.
MasterCard credit cards are also compatible with a wide variety of tools that you can use to help with budgeting. When it comes to online gambling, it is always a wise move to plan ahead so you don’t spend too much cash. Online gambling is meant to be seen as a form of entertainment, not a get rich quick scheme. The apps, budgeting tools and e-wallets that MasterCard can be combined with are excellent resources for people who prioritize responsible gambling.
The cons of MasterCard at online casinos
All online casino payment methods have their share of drawbacks, and MasterCard is no exception. Perhaps the most relevant con to discuss are the longer withdrawal times and payout speeds. With online casinos, withdrawing your money after hitting a big jackpot is a euphoric feeling. However, with longer withdrawal times, waiting two or three business days for your cash to arrive never packs quite the same punch.
MasterCard can also be prone to hidden fees on certain transactions. You can always call your bank or read up on the terms and conditions of your online casino to double-check, but the odds are usually good that MasterCard transactions will incur processing fees. There’s also interest charges to be aware of, but these are often dependent on certain regions and don’t always apply.
Perhaps the oddest flaw of using Mastercard at online casinos is that some of them will only accept it as a deposit method, not a withdrawal one. This is due to many factors, including unique regulations that some casinos need to abide by, but if you do end up at one of these casinos then you will need to use a secondary payment method for making withdrawals, which can be annoying.
The easiest way to avoid this is to switch to a payment method that does work both ways, or find an entirely new online casino that accepts Mastercard withdrawals. Both options work fine, so it’s up to you to decide what you are more invested in: the credit card or the casino.
MasterCard is not only a reliable payment option for online casinos, but is easy to use and highly convenient. Many people rely on it to make their online casino transactions, both veterans and beginners who are new to the scene.
It may be lacking when it comes to withdrawal times, as well as withdrawal compatibility, but thanks to its trustworthy reputation and ease of access, it is by far one of the most popular payment options used at online casino sites and apps.
If you already have a MasterCard, it’s a great choice to use at licensed casinos. The speed, security and ease of use make it a solid option to fund your online casino account, so you can use your MasterCard with confidence.
