The growth in cross-border transactions and online transactions, in general, is attributable to the efficient payment systems that are delegated to handle such tasks. While we continue to explore more payment methods that are peculiar to online casinos, we cannot afford to delist the robust service provided by MasterCard.
MasterCard doesn’t need an introduction in the world of online transactions because the strides it recorded in times past are testimonials of its efficiency. As the name signifies, it is the “Master” of all cards.
Background of the Company – MasterCard
MasterCard is more than just a card for online transactions. It is important to note that it is a company with different subsidiaries that focus on facilitating online payment. MasterCard is also one of the most renowned and widely used online payment service providers. It allows players to make payments at Point of Sale (POS) and Automated Teller Machine (ATM) terminals.
MasterCard is a credit card that has been around for decades. It is currently accepted in over 210 countries with more than 25 million companies making use of the payment service. The card is linked to your local bank account and allows you to make online transactions in real-time and without threats to your personal data and banking details.
MasterCard is a global payment service that has extended its services to the nooks and crannies of the world. At the moment, it is currently in use in over 210 countries of the world. MasterCard also has over 25 million users that cut across online casinos, merchant sites, and private users.
How to Register for MasterCard
MasterCard is one of the varieties of payment options offered by MasterCard Incorporated. Unlike traditional cards, the card is only issued at licensed financial institutions. Therefore, you need to approach your regular bank, where you have an account to ascertain the requirements for obtaining the card.
Ideally, the requirements include:
- Your Full Name (First and Last Name)
- Postal Address
- Date of Birth
- Email Address
- Valid means of identification (ID)
- Telephone Number
How to Fund Your Online Account Using MasterCard
The first step is to open an account with your favorite online casino. Ensure that it accepts MasterCard as a payment method. After that, you can then use the following steps to add money to your online casino account:
- Select MasterCard as the deposit option
- Enter the amount you want to deposit
- Enter the details of your MasterCard (16-digit card number, the 4-digit PIN of the card, CVV (the three numbers at the back of the card), and Expiry Date
- Enter the security code sent to your telephone number/email to complete the transaction
Withdrawing Your Earnings Using MasterCard
You can retrieve your earnings from an online casino using the MasterCard Credit Card. Simply enter your MasterCard’s 16-digit card number, CVV/CVC and Expiry Date. You may need to wait for about 5 business days before the funds would be credited to your regular bank account.
However, following new regulations, the withdrawal option may not be functional in some online casinos. In that case, you may need to use alternative methods, such as PayPal, Skrill, Neteller, or Wire Transfers.
MasterCard is not robust but has a wide network that cuts across hundreds of countries. The increase in the number of users also adds a boost to the use of MasterCard as a payment in online casinos.