MasterCard is one of the most accepted credit cards in the world. It was first created in 1966 in a business venture involving various California banks and a few New York banks. An interbank card was created and the business gained support from more banks before officially using the name MasterCard in 1979. Since then, MasterCard has become an acceptable form of payment at over 23 million businesses.
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The UIGEA legislation in 2009 introduced many regulations regarding financial institutions and gambling transactions. Because of this, MasterCard casinos catering to U.S. gamblers quickly began to remove MasterCard from their available options. Fortunately, there are still several U.S. casinos that accept MasterCard deposits, and top tier online casinos that cater to international gamblers have never ceased to offer MasterCard as a primary deposit method.
Using a MasterCard to Deposit at Online Casino Sites
The banking systems used by MasterCard casinos are very user friendly, and it’s quite easy to complete a deposit in a matter of minutes.
You can access an online casino site’s banking page after you have downloaded the gaming software and registered for an account. The banking page lists the available deposit options. Clicking on the MasterCard casino deposit option brings up a financial form that must be filled out. Be sure to have your MasterCard in hand, as most of the information will come directly from the card. For instance, you will need to enter in the card number, the expiration date, the three-digit security code located on the back of the card, and your full name as it is displayed on the card.
Most forms also require additional personal information such as your physical address, email address, and contact phone number. Although you should not disclose this type of personal or financial information online in most situations, the banking page at MasterCard casinos is guarded by a secure infrastructure. The transaction itself will be kept safe through the use of digital encryption, as the information is relayed through the MasterCard network, your bank, the casino’s bank and finally back to the casino itself.
Fees and Processing Times
The biggest benefit of using MasterCard casinos is that the deposits are processed in real time. MasterCard charges occur instantly, allowing you to get into the real money casino gaming as quickly as possible. Unfortunately, this benefit comes with a potential downside. Occasionally, MasterCard casino deposit transactions are turned down by the system. This is often due to a country’s current regulations regarding online gambling. However, most online casino sites have used MasterCard long enough to prevent these types of problems in their banking system. Usually, making a second deposit attempt or performing the deposit with the help of customer service will allow you to complete the transaction.
MasterCard casino deposits usually do not incur any fees. The only charges that may be applied to a MasterCard casino deposit are the normal fees associated with using a MasterCard for any type of purchase, such as the credit card’s interest rate on monthly balances.
