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What is Mastercard and why is it so popular?
Mastercard Incorporated is an American corporation which deals with multinational financial services since 1966, then known as “Interbank” till 1969, and “Master Charge” from 1969 till 1979. It was indeed not before 1979 where the card and the company got its name. The cards come in either debit, credit or prepaid, but it is mostly associated as a credit card. Alongside its main competitor VISA, MasterCard is today a leading player in payment processing solutions. Competitive transaction costs, the ease of use, as well as an excellent reputation for its security, makes MasterCard one of the most widely accepted payment solutions on a global scale.
How do I use MasterCard in Online Casinos?
Well, before you do anything, make sure the casino you aim at playing accepts MasterCard as a form of payment. Due to its global reach, you will mostly find online casinos that do. To acquire the card itself, one has to contact his or her financial institution. MasterCard is mostly available as a credit card whereas VISA will usually be the debit card. This is often the case in Europe at least. Due to being a credit card, every applicant will have to go through a credit check before getting his or her MasterCard.
Is MasterCard a secure method of payment at online casinos?
Absolutely. One of the many reasons why MasterCard is so popular worldwide is due to the security attached to the name. MasterCard adopts several security benefits that guarantee the peace of mind of its customers. The “Zero Liability” protection ensures full compensation should your card be stolen and used without your permission. Every card (in the US) is equipped with a theft protection system which allows the company to monitor and hinder any fraud. Additionally, customers can access emergency wallet replacements in case identity is stolen with a helpline able to assist on a 24/7 basis.
What makes MasterCard a great payment method in online casinos?
Businesses that do accept MasterCard are very often businesses with a good reputation online. Its world-class consumer protection ensures you from any potential threat online. Be sure to vet casinos regardless, but a MasterCard accepting business is usually a good sign.
Having credit at any casino is great. This means you can play big and win big. A MasterCard gives immediate access to funding with very generous limits to it. Having the ability to maneuver your cash at games such as poker or skill games can give you a great advantage. This also makes for easy management of funds and accounts by simplifying logistically speaking everything that comes to payment. Just be prepared for when the bill arrives and you can keep the show going forever! Using your Mastercard and having a lot of movement associated with your account, will also enable you to access exclusive benefits such as reward networks and offers.
On the flip side of things, there can on some occasions be hidden fees associated with playing with a MasterCard at online casinos. Certain issuers can consider this form of payment as a cash advance and thus charges you a surplus for this service. Naturally, if you fail to pay the bill on time, additional interest and transaction charges will occur and add up over time. Thus, be careful not to overspend and getting carried away by spending more than what you can actually afford. And although MasterCard maintains an excellent security standard, losing your card can in the worst-case scenario result in identity theft and fraudulent use of the card. Checking the account statements is therefore highly recommended. Notify MasterCard immediately as the company offers comprehensive fraud assistance with mechanisms in place to help you.
Does MasterCard support mobile access?
MasterCard has developed electronic wallets that can be accessed through several providers such as Google Pay, Fitbit Pay, Apple Pay, Garmin Pay, and Samsung Pay. The choice is plentiful, simply tap your electronic device to any terminal accepting MasterCard!
Our final thoughts on using MasterCard in online casinos.
Due to being largely available at any online casino and having a great security system attached to it, Mastercard is a payment option that is here to stay. It's quick, easy to use, and has mobile access if you chose to have it. MasterCard remains an excellent option to fund your gambling habits anywhere in the world. We recommend adding it to your overall payment solutions as a credit on the bounce can become a real asset in skill games or large jackpot games. Some self-control is however needed as it can become a dangerous tool without any responsibility attached to it.