Credit and debit cards are some of the most popular among all casino payment methods because players know how to use them on the internet. For a regular bank card user, there is nothing simpler than paying and buying online using the card. This is why many casino players in Canada choose MasterCard deposits and withdrawals or alternative bank card options. This post will tell you about MasterCard for online casinos, and all its advantages and drawbacks.
Almost every online casino in Canada that has a license offers MasterCard payments. The list above includes only some of the MasterCard casino sites. If you want to see more options, go to our casino reviews page. Most of the reviewed casinos accept MasterCard and other bank cards such as Visa and Maestro. Exceptions are only crypto casinos.
For more bitcoin casinos no ID, check our gambling blog and casino reviews. Crytpo online casinos don’t require players to verify their accounts. Besides, both deposits and withdrawals are instant and secure.
MasterCard in Online Gambling
Many casino clients know what MasterCard is and how it works. It is a well-known method for convenient purchases and payments both online and offline.
MasterCard issues credit and debit cards and cooperates with 25,000+ banks and financial institutions over the world.
Bank customers can easily obtain any type of MasterCard card suitable for their needs and preferences. The payment provider guarantees the total safety of the users’ funds.
For online gamblers, it means that they can easily make secure deposits and withdrawals. However, the only barrier to using MasterCard for Canadian casinos can be the bank itself. Some banking institutions do not allow making casino deposits and withdrawals regardless of the payment provider.
So make sure your MasterCard card is issued by a bank that accepts online casino payments. The following banks allow online gambling transactions:
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CIBC)
These banks allow offshore casino transactions. The other major banks like TD Bank, RBC, and Scotiabank may also allow online casino payments but, in most cases, the transactions will be declined, especially if you pay to offshore operators.
Besides, there are other ways to use your MasterCard bank card by using a third-party company. It can be Interac, iDebit, Bank Wires, or different e-wallets. However, these methods imply transaction fees.
MasterCard Casino Deposits
MasterCard online casinos offer a simple payment process. It takes a few easy steps to fill in the deposit form, and you are already up to choose a game to play:
- Sign up at the best MasterCard online casino we recommend on the site. Complete the registration form and verify your account as soon as possible. It will ensure faster withdrawals.
- Head to the cashier section.
- Select MasterCard as your deposit option.
- Enter the amount of money. Make sure you have enough money on your MasterCard card to enjoy your gambling session.
- Confirm the payment. You may be redirected to your bank’s secure web page to make one more easy check.
- Go back to the casino and play games!
MasterCard deposits are very simple and fast. Your money will be immediately transferred to your casino balance. This way, you can get started with online games almost in an instant.
MasterCard Casino Withdrawals
Bank card withdrawals are usually slower than deposits because they imply various security checks both on the side of the casino operator and on the side of your bank. This is why MasterCard depositors are advised to verify their accounts as soon as possible. It will reduce the waiting time.
Nevertheless, the process of cash-out is even simpler than that of making a deposit:
- Go to the cashier section on a casino site.
- Select the MasterCard option.
- Enter the amount of money you want to cash out. Make sure it fits the withdrawal casino limits.
- Confirm the transaction and wait for your money to appear on your bank card.
Once you send the request, the casino team will process it within 24 hours. Then, it takes from 2-5 banking days for the money to appear on your bank balance.
Most MasterCard casino withdrawals are free if your casino takes the fees upon itself. Otherwise, you may have to pay a 2% fee.
You should know that most online casinos don’t allow you to cash out using a different payment method if you have used a bank card for a deposit. So if you want to change a withdrawal option for a faster one such as an e-wallet, you need to contact a support manager and ask how to do it correctly.
Pros and Cons of Using MasterCard on Casino Sites
Although MasterCard is a safe and clear service, it has some drawbacks. Check out the list of pros and cons below:
- Accepted by most Canadian online casinos
- Easy process of payment
- Instant deposits
- Secure payment method
- Supports mobile banking
- Eligible for most casino promotions
- Requires account verification
- Slow withdrawals
- May include transaction fees
- Not all Canadian banks allow online gambling payments
If these drawbacks do not bother you very much, you can happily use MasterCard for online gambling. But if something gives you a headache, you may need to try a different option for casino deposits and withdrawals.
MasterCard is one of the major banking options offered by Canadian online casinos. However, you must be careful with MasterCard casino transactions because some banks do not allow them. Though if you are sure your bank is among those accepting bank card casino payments, go ahead and try it.
But don’t forget that MasterCard online casinos require you to proceed with verification checks and wait a few days till your winnings come to your bank account. If this is ok for you, don’t hesitate and prepare your bank card. But if not, try a different option that suits your requirements.
If you are looking for alternative payment methods to MasterCard, you can also try to use Visa. This is another major system for simple and quick transactions. Besides, some online casinos accept Maestro payments.
It depends on the casino’s withdrawal policy. Most Canadian online casinos let you cash out from CA$20 to CA$6,000 per transaction. But as we said, this is individual.
Yes, it is absolutely safe. MasterCard provides security of users’ data and funds at all times. It ensures protection from any kind of online fraud and identity theft. But if you want to be safer when playing at an online casino, use a separate MasterCard bank card for your casino payments.