Maestro

Maestro-Icon-330x100Maestro is a debit card payment service owned by MasterCard. Based in America and founded in 1992, this slightly different branding of the MasterCard Debit card is a popular deposit option in online casinos. Debit cards are a safe alternative to credit cards when online gambling. We all know about the risk of gambling addiction. Even if it isn’t an addiction, who hasn’t made a bad decision and deposited that bit more than they intended to? Debit Cards only let you spend the money that you have in your account. This is not the only reason why the Maestro payment service is valued by players. Most online casinos will allow you to instantly transfer funds with this payment method, and if you are playing on an online casino that doesn’t, you can still use this card to fund dozens of other payment services that allow for instant transfer.

Maestro are probably most often used as an online payment method because the player already has a card. This is much easier that creating a PayPal account or working out this Neteller thing that you have never heard of before. You just enter you details. The same as you always do, and the online casino takes care of the rest.

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Markets and Currencies

Maestro can be used anywhere you see the Maestro symbol. What that means is you can use it in 100 + countries with every world currency. Unless the nation you are in is sanctioned by the US government you can most likely spend money there. Although you can use these cards all over the world, they are only issued in a small chunk of Europe. A lot of banks have moved away from the Maestro brand in favor of the more recognizable MasterCard Debit. Countries where Maestro cards ae issued include, the UK, the Netherlands, Germany, Austria, Poland, Slovenia, Croatia, Italy, and Belgium. MasterCard powers millions of points of sales, and it is basically used everywhere money is used. This adds to this payment method’s kudos. You can withdraw your casino winning and then spend them all the places you were going to anyway. I guess what I am trying to say is that, because Maestro is such a widely-accepted payment method, players won’t need to change their habits to use it.

Areas of Use

Maestro is used online and at millions of points of sales. Almost all online casinos will support this payment method. If it is not support try to enter the details of your Maestro card into the MasterCard section, sometime it will work, sometimes is won’t. The few casinos that don’t support this method are few and far between. The majority of them won’t be worth your time, but if you do happen to chance across a decent online casino that doesn’t support one of the most popular online payment methods on earth, you can use Maestro to fund another payment method.

Short Facts

Company Name: MasterCard Incorporated

Company Name UK: MasterCard Worldwide

Email: support@mastercard.com

Website: www.maestro.com

Supervised by: Financial Conduct Authority

Transition Time: Transactions can happen instantaneously or take up to 3 days.

Min Transaction: 0 GBP Online casinos often set minimums

Deposit Fee: 0 GBP Casinos will occasionally charge a deposit fee for this payment method.

Other Payment Methods: Maestro can be used to fund most online payment services and e wallets.

Established: 1992

Established UK: 1992

Address: 2000 Purchase Street, Purchase New York

Phone Number: 1-636-722-7111.

Security: Encryption and Pin Code

Currencies: Maestro supports all major currencies.

Max Transaction: Daily card limit is set by the bank that issued the card.

Withdrawal fee: 0 GBP some casinos charge fees

How does it work

A debit card only allows you to send the money you have, and it is tied to a bank account. It is very straight forward, when you make a transaction money is either debited or credited against that account. If you have no money in the account, transactions will be declined. You might be able to over draw but this normally comes with some hefty fees. All transactions are authorized by a 4 – 6-digit pin number. This can be problematic as most online payment forms will request a CVV as is printed on the back of credit cards. Debit cards don’t ask for this, but you will need to contact you bank and find out what goes in that box instead

How to make a deposit

To make a deposit you go into the deposit section of your online casino find the Maestro option and click on it. You know the drill. You have to fill in all of the forms with the information on your account. Instead of a CVV you will need to enter a code given to you by the bank. This can sometimes be your pin, but it is normally a unique 3-digit code that identifies the bank. After you have filled everything in confirm the deposit and money will be deduced from your account. Most online casinos won’t charge fees for using this payment method, but they sometimes do. Expect to pay a fee around 2% of what you deposited, and the money will arrive in the next couple of minutes.

How to make a withdrawal

Some online casinos will require that you use a Maestro card to make a deposit before you can use it to make a withdrawal. Assuming you overcame that hurdle, you do more or less the same thing as you did to make a deposit. Fill in you details, confirm the payment, and voila, the funds will probably arrive in 1 – 3 business days. Withdrawals tend to be a little bit more expensive than deposits. Most of the time it will be free, but if there is a fee, I think 5% is a ball park figure.

Thumbs upAdvantages:
– Accepted at millions of points of sale, so you don’t have to change your habits to use this payment method.
– Instant deposit and minimal fees. This improves the player’s experience using this payment method.
– No need to sign up to any third-party payment sites, you just use the card you already have.

 

Thumbs downDisadvantages:
– You have to give you details to an online casino and trust that they won’t do anything with them.
– Maestro is not accepted at as many online casinos as MasterCard Debit cards.