Overview of MasterCard
A MasterCard is a financial tool that is highly versatile. To obtain one, you'll need to contact a bank, credit union, or other lending institution that offers the MasterCard brand. But before you fill out your application, make sure you know what kind of MasterCard you're interested in. Although credit cards are their most popular offering, many players at online casinos prefer the control offered by prepaid debit cards instead.
Once you decide, you'll simply have to go through the merchant of your choice and complete the application process. Unfortunately this requires a few manual steps on their end such as identity verification and potentially credit checking, so you will need to wait several days (or potentially even a few weeks) before your physical card is delivered to your door. Some services do offer a virtual card solution in a much faster amount of time, however.
Disclaimer for US Players
Although MasterCard is a very popular credit card merchant in the United States, we have found that it is quite difficult for American players to use them to fund online casinos. If you are an American player thinking about using MasterCard, make sure you contact your favorite casinos to see if they will accept MasterCard from your jurisdiction. If not, discuss alternate payment solutions with them.
Advantages of MasterCard
The major plus with using a MasterCard is the fact that there are very few steps required to add money to any online casino account. Simply go to their cashier, type in your information and MasterCard details, choose your deposit amount, and hit submit. The entire process takes only a few seconds.
The professional reputation of MasterCard is also worth quite a bit. Although most online casinos take great care to ensure your safety, accidents do happen. Should an error occur, or should your account get stolen, you can know for certain that MasterCard will take care of it in a swift and effective manner.
Disadvantages of MasterCard
Although MasterCard is highly convenient to use once you own one, the process of obtaining a MasterCard of your own can be tedious. If you're looking to get one of their credit cards or standard debit cards, you'll have to find a bank or credit union that uses MasterCard, determine if you are eligible, fill out some paperwork, and wait a significant amount of time to receive your card in the mail. Although some online financiers make this easier, the process still takes quite a while.
MasterCard also has the disadvantage of not being a standard withdrawal method. Although a select few casinos will withdraw a portion of your cashout amount back to the card if you live in certain jurisdictions, you will likely need to look to other means to get winnings out of your casino account.