Advantages and disadvantages of Mastercard betting sites
Pro and Con
- Available at all good sportsbooks
- Deposits qualify for welcome offers
- Instant deposits
- High deposit limits
- Withdrawal speeds slow
- Withdrawals not always available
- Must provide card information
Making a payment with Mastercard betting sites
Everybody loves a sportsbook's deposit options they can use to make both deposits and withdrawals at the same online betting site. You’ll always find Mastercard betting as part of your deposit options, but it may not always be on the withdrawal side — even at Mastercard betting sites. Here are step-by-step instructions for both deposits and withdrawals at sports betting sites that accept Mastercard, for when you find that perfect betting site where you can deposit and withdraw with Mastercard betting.
Deposits from Mastercard sportsbooks
- Go to one of your favorite Mastercard betting sites and log in. If you haven’t logged in yet, you need to create an account, which is usually an easy step-by-step process.
- At the cashier section, click on "Deposit," and choose Mastercard from the list of options provided by the betting site.
- For a successful transaction, you’ll need to enter your name, credit card number, the card’s expiration date, and the CVC — the digits on the back of the card.
- Now you can enter the amount you want to transfer to your betting site account.
- These are basic instructions, and while it applies to all Mastercard betting sites, there may be slight differences in how the process works from operator to operator. However, because you’re always using Mastercard, the important details and processes will always be the same.
Withdrawals at Mastercard betting sites
You’ll know whether your online betting site accepts withdrawals by looking at the withdrawal options. If Mastercard betting is an option, you’re in for a quick and easy process.
Most Mastercard betting sites allow the Mastercard details of sports bettors to be saved on the bookies’ account. So, if a withdrawal option is available, you don’t have to bother with providing all your details again and can do a quick and easy withdrawal.
Just as a reminder, it is important to keep in mind that, just because an online betting site accepts Mastercard as a deposit option, it won’t necessarily have a withdrawal option as bettings sites want to avoid paying their own transaction fees to the finance provider.
However, for sites that do allow you to withdraw money using Mastercard, the process is very simple.
- Go to the cashier section of the betting site and check your bankroll. Choose the amount you want to withdraw, and make sure that it’s above the minimum amount and below the maximum amount if applicable.
- Verify the amount if you need to, and then click on the “withdraw” button and select Mastercard as your payment method.
- At this point, Mastercard may require you to provide some information about your account or card, but because your details are on the system, it’s likely only going to be the CVV.
Timescales for withdrawal and deposits at Mastercard sportsbooks
For deposits, Mastercard is a fantastic option because it is basically instant. Withdrawal times take longer like with American Express betting sites, but compared to methods like betting sites that accept bank transfer, it’s definitely not considered an unreasonable waiting period.
While deposits are available instantly, withdrawals take within two to three business days depending on the Mastercard betting site being used.
If you are lucky enough to find a betting site among the many MasterCard betting sites that offers withdrawals, then it’s your lucky day! Mastercard withdrawals are really easy to do, they are safe, and they basically work like other credit card withdrawals at your favorite betting operator.
If you don’t mind waiting up to three business days, then you have yourself a secure and easy process. However, keep in mind that, if your transaction takes longer than the average predicted time period, contacting customer service to query your withdrawal is something you may want to do sooner than later. However, when the business days run over a weekend, you may want to give it a day or so extra.
| Mastercard |
Deposits |
Withdrawals |
| Limits |
Usually from $10-20 |
Usually from $10-20 |
| Timescales |
Nearly instant |
Typically between two and three working days |
| Fees |
None from the sportsbook |
None from the sportsbook |
Verification requirements at Mastercard betting sites
The Mastercard verification requirements are not the same as the betting site verification requirements, although the two are connected and both for the safety and security of your identity — very much like betting sites that take Visa. Here is what you can expect regarding verification requirements at Mastercard betting sites.
You can expect some betting sites to ask for a photo ID like a copy of your drivers’ license before allowing you to make a deposit, so, just in case, be ready to upload a picture of yourself holding your ID card next to your face.
Once your identity is verified, you will start the depositing process, which means you’ll be asked to provide financial details about your transaction method. This mostly includes:
- The name on the credit card
- The credit card number
- The date the card expires
- The security code for using the credit card
- The amount of money you want to deposit.
If you’re using a Mastercard credit card for your deposit, keep in mind that you are depositing money that is not physically in your bank account, so you need to be able to pay back the amount you deposit at Mastercard betting sites.
The history of Mastercard betting sites
Mastercard comes from the late 1940s when several U.S. banks gave their customers “specially-issued” paper that could be used the same way as cash in local stores. Over the next decade several franchises evolved, in which a single bank would accept cards as payment with a network of merchants. In 1966, one of these groups formed the Interbank Card Association (ICA) and later became Mastercard International.
Where it stands today
In January 2019, the word "mastercard" was dropped from the bank’s logo as the symbol is so well-known, the addition of the words is not required. As a company in the global payments business, Mastercard uses technology and data analysis to make electronic payments more convenient, safe, and efficient for everyone. The business now extends to more than 210 countries and territories and still continues to grow in a world where an astounding 85% of retail transactions are still made with checks and cash.
Mastercard sportsbooks compared to other providers
PayNearMe
PayNearMe seems to have it all. PayNearMe claims to be the financial industry’s only platform that facilitates cash, credit, debit, and ACH payments. This versatility is very attractive; however, PayNearMe may not always be an option at your favorite betting platform. Although it is pretty popular, Mastercard is just that much more established and a payment staple that’s always available.
PayPal
PayPal provides great benefits for sports bettors and casino fans as it allows you to deposit money without providing any of your financial information to Mastercard betting platforms. However, how do you get to fund your PayPal account and transfer funds from PayPal to another payment medium if a vendor doesn’t accept PayPal? It’s gotta be Mastercard. PayPal is great, but you still need a bank account or a credit/debit card to make it fully functional.
Wire Transfer
Sending funds via wire transfer is one of the safest ways to transfer your hard-earned cash. This is also a common withdrawal option at betting platforms, but when it comes to wire transfers and Mastercard transactions, there is one main difference — time. Wire transfers take notoriously long, and while your trusty Mastercard can have you waiting for a withdrawal for a few days, it’s still quicker than the former.
Three big facts about Mastercard betting sites
Mastercard equals heightened levels of security
Mastercard takes fraud prevention very seriously. Mastercard can stop a player’s debit or credit card from unauthorized usage or usage on a suspicious site. Not only does this guarantee security for all Mastercard users, but it also builds trust among Mastercard customers of whom many are sports bettors and online betting customers.
Fast transactions, especially deposits
This is an obvious one, but it’s also an essential one as it’s one of the things that, besides Mastercard literally being available everywhere, makes this payment method stand out in Mastercard betting sites. With Mastercard, no sports bettor needs to wait for a long time to make transactions from their betting account.
Allows very high deposit limits
This is something that Mastercard allows but is not necessarily available at every casino, but it’s good to know about. Many online Mastercard betting sites allow their premium sports bettors to make massive deposits without a threshold on the amount allowed. A betting operator will usually do this with a trusted or VIP customer, but Mastercard makes it possible.
Conclusion: Stick here for more about Mastercard betting sites
It seems that Mastercard betting sites just never go out of style. With this payment method’s stellar reputation, the company’s ability to keep up with technological development and apply the latest technology to its product, and remain one of the most well-known and best-loved payment methods around the globe, Mastercard is one of those options that will always be relevant.
Our review showed the extensive development of the brand, its versatility, security, and convenience, which are all mandatory key components of a successful product in our time. So, if you want to play at one of our featured Mastercard sportsbooks, we’re going to say go for it!
Mastercard Betting Sites FAQ
💁What’s the difference between using Mastercard and PayPal for making a deposit?
If you’re looking for a discussion about payment methods, you’re in the right place. There are differences between all payment methods, even different types of credit cards, and in our review of Mastercard sportsbooks, we explain the difference using Mastercard and other payment methods so you can make an informed choice when signing up to Mastercard betting sites.
To be able to make a transaction happen, there are several details you need to provide your betting operator if you want to make a deposit. In our Mastercard betting sites review, we look at all of these details, their safety and security, and provide a step-by-step instruction guide for you so you don’t get stuck when you need to make a deposit at sports betting sites that accept Mastercard.
💳What online betting sites accept Mastercard?
Mastercard is a very popular payment method, and in our MasterCard betting sites review, we discuss how often this payment method is available for deposits and withdrawals at your favorite betting operator. Take a look to make sure you find out everything you need to know about using Mastercard on betting sites.
👮Does Mastercard offer a secure payment method for sportsbooks and casinos?
Because Mastercard has been in the financial business for quite some time, it has evolved into a super-safe payment method by solving security issues every time they come up. Take a look at our review to see how all good Mastercard sportsbooks help you to make secure transactions.
👀Why should I choose Mastercard instead of Neteller?
Payment methods are not always directly linked to banks. When choosing a payment method, it depends on what you want the payment method to do and what purpose you want it to serve. In this case, Neteller and Mastercard can be seen as two very different payment methods when it comes to user preferences. Why not take a look at our review of Mastercard sportsbooks and get to know the differences in our comparison section?
