New MasterCard Casinos
When you see the red and orange logo it means that the bank who you hold your account with uses MasterCard and its payment provider services. The MasterCard organisation itself is a financial service who processes transactions between customers and merchants all over the world.
If you choose to pay using a MasterCard then funds are not directly moved from your bank account, they are borrowed from the bank issuing the credit card. And payments to your credit card balance will be due monthly with interest charged to the outstanding balance.
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MasterCard Short Facts
|Currencies||All where it’s accepted|
|Security||4 Digit PIN code and online SecureCode provided by the card-issuing bank|
|Transaction time||Instant deposits, withdrawals take 5-7 business days|
|Min. Transaction||Defined by the casino|
|Deposit Fee||Usually £0.|
|Withdrawal Fee||Usually £0 but some new casinos may charge a % for the transaction|
Using MasterCard at New Online Casinos
MasterCard was originally launched in the USA by several Californian based banks in order to compete against what was then BankAmericard, this was later re-launched as VISA. MasterCard has been a publicly-traded company since 2006, but before this, it was a cooperative owned by over 25,000 banks.
The list of new UK licensed casinos which offer MasterCard as a payment option is huge. With 875 million cards approx. being used around the world it wouldn’t be a good idea for casinos not to accept MasterCard. Most British casino players will already have a card in their wallet nestled alongside a VISA too. MasterCard is a phenomenally large financial service; online transactions are safe and the cards are accepted in over 210 countries.
If you opt to use your MasterCard at your latest payment casino then you can expect this to be a simple process, it takes just a few minutes to add in the required information and the funds are on their way.
A UKGC Ban on the Way
The UKGC has recently announced a ban on the use of credit cards at online casinos which will be enforced on the 14th April 2020, the ban will apply to all online gambling products with the aim being to help further protect vulnerable people.
Whilst this move may hurt players by making it harder to gamble and those who use credit cards responsibly may feel vindicated, we must be mindful that the bans main aim are to help curb harmful addictions. After the enforcement, we may see a steep rise in the popularity of other UK payment casino methods, such as eWallets, mobile pay, etc.
How to Deposit with MasterCard?
Depositing funds into your online payment casino UK wallet is simple and fast with MasterCard, it’s worth remembering that not all online payment casinos will offer instant deposits, but most will. Your chosen casino may charge a commission fee of up to 2.5% but this is quite rare.
Quick MasterCard Casino Deposit
- Select credit card from the list of payment options.
- Enter the required details (PAN number, expiry date, your name and the CVC code from the back of the card).
- SecureCode will prompt you for further verification details if you have chosen to set this up with your cards issuing bank beforehand.
- Enter the deposit amount and press the confirm button.
How to Withdraw with MasterCard?
Withdrawing from your new payment casino UK balance is equally as simple as depositing. Once your funds have been approved at the casino’s end then you can expect to receive your winnings back to your MasterCard within 5-7 business days.
It’s common that some MasterCard’s may not accept withdrawals back to them and your new payment casino will be aware of this, and they should offer you the option to complete your withdrawal by means of a bank transfer instead.
Just a Few Easy Steps to Withdraw
- Select your chosen MasterCard
- Enter the withdrawal amount
- Press the confirm button
How Safe is this Payment Method?
There is a huge range of new UK casino payment options out there but it’s good to know that MasterCard is extremely safe to use for making online purchases. Cardholders not only have the backup of the card-issuing bank, but they also have the reassurance of free resolution services, ID theft alerts and emergency wallet replacement provided by MasterCard themselves.
SecureCode adds a further layer of protection to the card, which you would need to set up with the cards issuing bank beforehand. At the online checkout, you will then be prompted to enter extra verification details to ensure that it’s really you making that purchase.
Any Extra Features?
MasterCard offers its cardholders a wide range of benefits:
- Shopping protection
- Personal assistance
- Personal protection
- Travel assistance
- Travel protection
- Promotions and offers
The MasterCard handy eWallet
Cardholders can enjoy an even safer level of online protection with Masterpass, a digital payment service which allows customers to check out faster using just their password and user ID. You can also link other debit/credit cards to Masterpass and benefit from exclusive offers, safe in the knowledge that your card details were not shared online during your transaction.
MasterCards customer support is comprehensive and you can easily find the help you need via its main website, though you would need to contact your card issuing bank for specific account-related queries.
- FAQ section
- Email: Via on-site form
- 24/7 phone number for reporting lost or stolen cards and for other assistance: 0800 964 767
Additional Information About MasterCard
For over 50 years, MasterCard has been processing electronic payments and growing its business rapidly from 1966 when a group of American banks formed the Interbank Card Association (ICA), right up until the present day with its massive worldwide presence.
You can use a MasterCard at millions of point of sales across the world and it’s the default payment option for both online and in-shop payments across all markets.
The company is constantly developing new technology to ensure its customer’s safety and making transactions even faster and simpler.
- Simple deposits and withdrawals
- Supports every worldwide currency
- No need to use third party, you can send and receive money directly with MasterCard.
- Potential deposit and withdrawal fees
- Difficulties withdrawing to a MasterCard at several online casinos in the UK
- Slow withdrawal process