Pros and Cons of MasterCard Casinos in India
Pro and Con
- Amazing Rewards and Bonuses
- Increased security
- Wide acceptance over different casinos
- Lots of variants to choose from
- Steep transaction charges
- Not as fast as some e-wallets
Step-by-Step Guide to Making Payment with MasterCard
- Online casino account creation
You can use a MasterCard to deposit money by registering for a casino account. Open the registration page and select join for free. Make sure you also choose the currency of your choice as the default choice might incur conversion charges.
The registration form usually comes with a bunch of information questions designed to know the player and acts as something of a KYC form. Carefully enter the username, email address, and the password especially since they directly come in hand while playing the casino games.
After the form is submitted, a verification mail is sent to the registered email ID. Once you verify your account, you can use the account to credit and debit money from the account.
- Selecting a specified method of payment
There is a list of choices usually available. From the list, select the preferred mode of payment – MasterCard. After selecting the choice, the account is created and all ready to deposit money for MasterCard casino deposit.
- Confirming Deposit amount
Fill the credit/debit card details along with your 3 digit code and then confirm the amount you wish to deposit. You can also search for potential rewards and bonus offers that your transaction might be eligible for.
After the OTP has been entered, the transaction usually takes a few minutes at the most to be completed. After the account has been funded, you can use the account at the gambling site of your choice.
The Average Wait Time for Deposits and Payouts
MasterCard as a payment method happens to be one of the most efficient and affable services you can use for MasterCard casino payments. That said, they, however, are not the sole people responsible for the speed of transactions. The payment, withdrawal and
payouts
time also depends on the casino site you are making your requests from. The server speeds of the casino site, sportsbooks, etc. usually determine a significant chunk of the real-time transfer speeds you might experience.
Payments on the best casino sites are generally reflected within seconds. Withdrawals often can take a few minutes to process. The most time a transaction can take to process is when the currency has to be converted before being paid out. An excellent way to estimate transaction time would be to consult the terms and conditions of the casino brand you will be using. You could also contact the customer service of MasterCard for further help. They have an extremely dedicated customer service base, and any service request you put across would be dealt with efficiently.
Verification Requirements – Do You Match the Criteria?
MasterCard is one of the most prominent and safe ways to transfer money in real-time to your casino site for payments. It comes as no surprise; therefore, there is a strict verification process that you will need to undertake in order to transfer funds. Here are the steps you need to undertake to verify your MasterCard account:
- After you sign in to your MasterCard account, you’ll find a ‘verify your account’ option.
- You’ll need to activate the options, and subsequently, you will be redirected to the verification process.
- While there may be an option to verify through the use of your social media account, we’d recommend you not to exercise that option since it can compromise your personal information.
- You should initiate the verification process through the conventional route, i.e. by uploading a copy of your photo ID.
- You would also have to upload an address proof which can be used to verify your place of residence.
While verification processes are usually processed spontaneously, they can take a certain amount of time depending on your geographical location. You can expect all issues to be resolved within 24 hours.
The History of MasterCard
MasterCard is an American multinational financial services company with headquarters in New York, United States. MasterCard had a troubled beginning in 1958; the company was formed by a conglomeration of several banking associations in an effort to compete with the highly successful Bank Americard. Bank Americard was later renamed to Visa.
MasterCard initially started advertising as an interbank card, something that could be used to transact across a variety of banks. In 1979, they undertook a name change from Master Charge: The Interbank card name changed to simply ‘MasterCard’, along with the emergence of the coloured Venn diagram symbol that has become one of the most recognized symbols in the world.
By 2002, MasterCard had prominently established itself as a force to be reckoned with after conducting a series of mergers including Europay and Access card. They continued expanding into the payment providers market through various acquisitions. This allowed them to foray into various aspects of payments services most notably:
- E-commerce through the acquisition of DataCash (2010)
- Mobile contactless payments program (2012)
- Rewards program manager Pinpoint (2014)
Cut to present day, and the corporation offers a slew of various credit and debit card options apart from third party offerings like Sam’s Club Card, Walmart Credit Card, Upromise World Card and NFL Credit cards. Each of these cards come with their own set of rewards programs, credit balances and rewards. There are also now many online casinos that accept MasterCards as well.
Comparison Against other Providers
MasterCard offers services to more than 200 countries worldwide and there are several reasons for its dominance. Firstly, their uncompromising approach to security. As a payment provider, MasterCard always has to work with transferring actual funds across a variety of currencies throughout the world. This process demands robust security features and MasterCard provides that with the MasterCard SecureCode and a 3D secure code. Secondly, the deposit times through a MasterCard can be measured in seconds.
The most important reason behind the dominance of MasterCard in the market is the general acceptability of its cards at the different gambling sites. Now, this is usually a double-edged sword since it comes with its fair share of advantages and disadvantages. The general acceptability of the card entails that you can use it at almost any online casino without facing any obstacle.
The easy fund transfer along with the quick account reflection means you are basically playing with the entire amount of funds available at your disposal. This is where the disadvantage seeps in. If you are not careful, you might just end up spending more than you intend. Plus, withdrawals tend to be slower for MasterCard unlike when using e-wallets.
Alternative Payment Methods
There are a handful of corporations over the world who have dominated and influenced their field of operation as much as MasterCard has with the payments industry. The first concern that a bettor should consider is the reliability of the payment method, in this case, MasterCard. Apart from anti-fraud tools, MasterCard uses the Payment Card Industry Data Security Standard (PCI DSS) to ensure data security so that customer details can be protected judiciously. They have also acquired DataCash and Brighterion to increase security.
Datacash was originally a UK-based fraud management company specializing in risk management. Brighterion, on the other hand, is a corporation having an incisive portfolio in artificial intelligence. Their signature machine learning technologies are aimed at assessing fraud patterns and ensure the safety of wireless transactions. The two acquisitions specifically protect the interests of the casino. This allows punters to give out gift cards without having any sort of security concerns. Considering the unassuming approach MasterCard has to providing quality customer service, their popularity is undoubtedly well-founded, especially among online gambling sites.
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MasterCard Casinos FAQ
Some of the most frequently asked questions which may help you understand MasterCard better are:
Do I need to use the same deposit and withdrawal method?
Answer: While it is not compulsory to use the same payment service provider for both the deposit and the withdrawal method, it is recommended that you do so on the casino site. A lot of these transactions are charged, and it wouldn’t make sense to pay different rates as transaction fees. More importantly, it is easier to keep track of your transactions if the payment method is the same for both.
Why does an operator block my account?
Answer: It is essential to understand that no operator blocks customer accounts on trivial charges. An operator may block your account if you are trying to open multiple accounts, are underage or if you violate any of the operator’s terms and conditions.
Can I get a MasterCard bonus?
Answer: One of the primary reasons for using MasterCard is bonus rewards. MasterCard sports a host of lucrative bonus offers to depend on the card you are using. These awards range from cash backs of various amounts to special privileges or reduced credit interest rates. Apart from this, the casino of your choice is also bound to offer you bonuses depending on the card you are using. Casino bonuses range from free spins to special game credits, and even cash backs. All these rewards are subject to the card and casino you choose, so make sure you never settle for less.
Will there be restrictions on any payment methods?
Answer: The availability and accessibility of the methods are regulated directly by the operators themselves. There are usually no restrictions on MasterCard, which is what makes it so eminently accessible. However, this is subject to the country of origin and existing company policy at that time.
What are the things that I should look for in a payment method?
Answer: If you are going for a payment method, you should first look at the security features like SSL encryption, and certificates from authorities. You should also check if it is widely accepted or not.
MasterCard ensures ease of access to MasterCard casino payments, and since customer requirements dictate different spending capacities, the payment service provider offers different types of cards to choose from:
MasterCard Credit Card
The credit card is one of the most commonly used methods of conducting transactions. And MasterCard is no exception in this regard. The offerings from this payment service provider in this segment are the standard MasterCard credit card, world MasterCard and the World Elite MasterCard. Each of these cards comes with its own set of benefits.
The World MasterCard offers a diverse set of privileges, including access to exclusive facilities and discounts. The standard card comes with the signature MasterCard protection with zero liability and ID protection. The interest on the amount of credit is subject to the type of card you subscribe to. If you are looking to use the card for casinos that accept MasterCard, the credit variant is the way to go.
MasterCard Debit Card
Another popular offering that players love to subscribe to is the debit card variant. The debit card variant does not allow the customer to borrow money on credit but instead will enable you to use money already in your bank account. The card allows you to retain the complete authority of the amount available in your bank account.
MasterCard Prepaid Card
This is a type of card where you purchase a card of a specific value and use it as a debit card. These cards are available for sale at selected online stores, banks and even certain online websites. You’ll, however, require an ID and address proof when procuring a prepaid card. It is best to consult the terms and conditions of the website before using this method.
Once the funds in the prepaid card are emptied out, you can reload the card with money subject to having bought a reloadable Prepaid MasterCard. An easy way to confirm whether the card you have purchased is reloadable, check the MasterCard logo for a rePower symbol. This symbol is usually located at the back of the card.
MasterCard Gift Card
The gift card is usually gifted to third parties and can be used at casinos. They tend to function in a manner similar to that of a prepaid card.
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Things to Consider when Choosing Your Payment Type
Considering how crowded the payment method industry has grown over the last two decades, selecting a payment method can be quite a nightmare. User experience is always paramount in this regard since the competency of the payment method is determined by how customer-centric their business model is.
Firstly, the company must have a wide acceptance which is one of the places where MasterCard makes its mark. The card is widely accepted and can be used across a variety of countries and currencies. They should also be such that it can be used at online stores and be used to pay for goods and services.
Secondly, security is a paramount factor since you shall be transferring funds from your account and vice versa. In this regard, the payment method should be one of the most secure devices you can use for online payment. MasterCard casino deposit brings loads of security features making it a favorite among punters. A good payment method incorporates layers of security features to ensure customers can enjoy without compromising on security.
Thirdly, perks and bonuses form an extensive part of the user experience and a good payment method should provide a reasonable number of perks to be ahead of the competition as well as attractive to newcomers. This is largely one of the reasons why customers swear by top payment service providers like MasterCard.
Many payment service providers tend to charge a certain fee against any transaction. This depends on the type of card that the user may subscribe to. Transaction fees for top payment service providers like MasterCard can range from 2%- 16% subject to countries of use and currencies of transaction. Lower the transaction fees, better the attraction for punters.
Expert Conclusion
MasterCard places customer service high on its list of priorities. They seek to establish a bond with their customers, and it is for this very reason that they do not issue cards directly. The cards are issued via local banks. Now, since the local banks have a steady relationship with their customers, it is easier to address customer concerns. All the customer has to do is approach their local bank agent.
The security and acceptability of MasterCard are quite high too, due to which there are many MasterCard Online Casinos. This aspect alone shows that MasterCard cares about user experience and is one of the most affable payment providers on the market right now. You may also choose other payment methods like
Bitcoin, Ideal, Instadebit,
Echeck, etc.
