MasterCard Debit Live Dealer Casinos
MasterCard Debit is among the most popular payment options offered by live dealer casinos worldwide. There are quite a few reasons for it to be so widely spread, acknowledged by players, and endorsed by online operators.
For starters, MasterCard Debit is one of the few payment methods that support both deposits and withdrawals and allows these transactions under minimum or even non-existent fees. Plus, gamblers can benefit from speedier verifications and overall faster cashouts.
What is more, MasterCard Debit is among those banking methods that most live dealer casinos recognize as friendly for bonuses. Regulars of online gambling platforms know that it is not always the case when paying via prepaid vouchers or e-wallets allows one to claim welcome or ongoing promotions. However, cards, including MasterCard Debit, are game changers due to their safety, reliability, and simplified verification procedure.
Finally, being a global brand and a solution to process financial transactions, MasterCard is compatible with 100+ currencies (excluding cryptocurrencies) and is issued by 100s of banks globally.
Our review dives into all things related to using MasterCard Debit in live dealer casinos, including making deposits, claiming withdrawals, and being aware of transactional fees, speed, deposit and withdrawal limits, and more.
Things to Know About MasterCard
MasterCard is not only the most popular payment method in online casinos, but it is also one of the oldest global banking solutions. Initially launched in 1966, it was the initiative of several California-based banks to create an Interbank Card Association, which later grew into a global payment service.
MasterCard is not the emitent of cards, but rather a software and a provider of transactions between a merchant and a customer. It works with 100+ currencies, is available in 200+ countries, and oversees billions of transactions per month.
Top 3 Benefits of MasterCard Debit
Among 100s of live dealer platforms that we reviewed, one of the shared features was the availability of MasterCard Debit.
Compatible with Bonuses
Claiming bonuses means being able to pass the verification procedure at most online operators, and MasterCard payments make passing KYC so much more simple.
Safe and Secure
MasterCard Debit is a payment method that comes with several layers of security that protect players and their funds from fraud and identity theft.
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Making Deposits with MasterCard Debit
The first important step to using MasterCard Debit is actually making sure you have one. A card is usually tied to a bank account, and it should not be hard getting one in any of the established and reputable banks wherever you currently live. One piece of advice from us is to pick a bank that has a convenient and secure mobile app because it will simplify approving online deposits and withdrawals when gambling on the go.
The next step is to pick a live dealer platform compatible with MasterCard Debit. This should not be a hard task because this payment method is among the most popular and is represented at 100s of reliable gaming sites.
Unlike Pay n Play casinos, online lobbies that offer MasterCard Debit also require their players to be registered. Creating an account is a procedure that takes between ten to fifteen minutes. Depending on the site’s license, there can also be verification for the initial deposit. If the KYC is in place, allow between 24 to 72 hours to get verified.
Once registered, head to the section with deposits and choose MasterCard Debit among other available payment methods. Then, insert the card details — the 16-digit number, expiration date, and CVV. Some cashiers may also require a name on the card and the billing address. Once this is done, specify the amount you’d like to deposit and verify the transaction via your bank app, a push notification, or any other way your bank uses to confirm payment.
Deposited funds should land in the casino account within seconds after initiating and approving the payment.
Making Withdrawals with MasterCard Debit
Another major benefit of MasterCard, along with its secure payments and speedy deposits is the fact that players can claim wins via this payment method. Usually, this is not an option for prepaid vouchers, branded payment methods like Interac, Trustly, Sofort, or even some e-wallets.
To claim a cashout to your MasterCard Debit, make sure that the amount of wins in your casino account meets the minimum cashout limit. Also, most online operators will require you to direct withdrawals to the same card you used to make deposits. Exceptions may apply, of course, and every site has a team of support managers to help you navigate the payouts.
To claim a win, head to the account, select MasterCard Debit among payout methods, specify the amount you’d like to receive, and follow the instructions of the online operator.
Cashouts to MasterCard Debit are secure but this means that they may also take time. This can be disadvantageous for players who are in a hurry, and in such cases, withdrawals to e-wallets may be a faster option. With cards, both the bank and the online operator will need to verify the transactions, which leads to three to five workdays per withdrawal for MasterCard users.
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Our Opinion about MasterCard Debit
The most common concern that players have when considering using MasterCard Debit in live casinos is safety. This is a valid concern because players are required to provide personal and financial information, as well as CVV.
To address these concerns, MasterCard created layers of safety procedures including Zero Liability Protection and No Theft Protection. The first one promises that customers won’t be held responsible if someone makes unauthorized purchases. The second one can monitor a client’s credit file for changes that may indicate fraud.
Of course, this still leaves cards somewhat exposed to sophisticated software used by thieves. Therefore, when in doubt, there are plenty of other payment methods that can be used to play live dealer games.
MasterCard Debit: Frequently Asked Questions
We wouldn’t be able to say if one method is better than the other as it is a judgment call that every player should make on their own. One major detail that separates the two of these payment methods is the fact that with MasterCard Debit, funds are deducted from the checking account and players gamble with the cash that they have. MasterCard Credit allows taking a loan from the bank to gamble, which means that this loan will need to be repaid eventually.
While MasterCard does not have specific restrictions since it is a mediator between a bank and a merchant, it is a bank that may allow or restrict players from using MasterCard Debit to gamble online. Players from the USA know all too well that they will most likely be able to use the card for online casinos that have licenses from the USA. When it comes to offshore gambling platforms, e-wallets may be an easier option.
MasterCard keeps track of all transactions so yes, they will appear on the statement. Whether they will be marked as those related to gambling or not may depend on a chosen live dealer platform. The help desk representatives can provide more details.
MasterCard Debit charges merchants for casino deposits but may add fees for casino withdrawals. Each online operator usually has a Help section that elaborated on all payment charges.