Casino sites integrate different types of banking options. These options can be categorized into three which are bank transfers, card payments, and e-wallet options. MasterCard is one of the most popular card payment options in online casinos. Following closely is the Visa card option, which serves as a strong competitor with MasterCard.
Online Casinos Accepting MasterCard in India
MasterCard is a global payment system that has its headquarters in New York, America. It is a popular financial institution that has spread its tentacles across 200 countries of the world. It also partners with numerous banks to issue credit and debit cards for banking and other transactions. This company is reputable for its strong security and customer support service.
MasterCard is also a popular payment option integrated into many online casinos. It is largely impossible to identify an Indian online casino that did not integrate this payment option. If this is your first attempt at using the payment option, you will need to read on to catch the whole gist of this payment option.
The Advantages and Disadvantages of MasterCard
- Widely accepted
MasterCard is a stronghold on its own in the gambling industry. Almost every online casino integrates this payment option. Its numerous advantages have made it a top consideration when depositing in online casinos. As such, if you have your MasterCard with you, you are good to engage your favorite casino.
- Easy to use
Using your MasterCard for either deposit or withdrawal is like a walk in the park. The process involved is simple and easy to carry out. The deposit is instant, but the withdrawal might take a few hours. All the same, you don't need any technical details to deposit or withdraw. Likewise, there is also no need to use an app to manage your card.
- High limit
MasterCard payment options usually have higher limits compared to other payment options. Casino restricts deposit and withdrawal to a limit in order to discourage money laundering. However, MasterCard is allowed to deposit and withdraw up to $5000 and equivalents since it is a reliable payment option.
- Safety and security
One of the selling points of MasterCard is that it is a safe payment option. It features an authentication process that allows you to permit every transaction done with your card. It also uses encryption tools to encrypt customers' data on the server's side of the website.
- Slow withdrawal
While the deposit might reflect instantly, withdrawal using MasterCard typically takes 24-72 hours. The reason for this is that withdrawing from a casino faces some resistance in India. As such, processing such withdrawal into the bank attached to your card might take time.
- It is risky
No doubt, MasterCard is an extremely safe payment method. However, that is only true when you play at a reliable and licensed casino. Using your MasterCard on a bogus casino can open you to the risk of losing all your money. Since the card details provide access to your bank account, it might be a huge risk to be careless with it.
How to Deposit On MasterCard Casino
MasterCard is a good consideration when you are about to make deposits on your casino. There are certain advantages attached to using the option besides the fact that it is easy to use.
Firstly, MasterCard deposits are always a beneficiary of different bonuses available at the casino. There are certain instances where casinos restrict bonus offers to some payment options alone. Depositing using e-wallets is sometimes excluded from receiving welcome bonuses but not the case with MasterCard.
Furthermore, MasterCard is universally accepted and can be used at any casino. You don't need to worry if you are playing at a foreign casino on Indian casino sites. It allows you to make deposits in Indian rupees. However, you need to know that a conversion fee may be attached depending on the currency you will be converting into.
To make a deposit into the India MasterCard casino, you just need to take a few steps. The following are the steps involved;
- Visit the cashier section.
The cashier section of your casino is where you make transactions at the casino. You can navigate your way to the right place using the menu bar on the home page. You might be lucky your casino can have it as a shortcut on the homepage rather than going through the menu bar.
- Click on deposit and select MasterCard.
The cashier section allows you to make the choice of making a deposit or withdrawal. Select deposit, and you will have a list of all available payment options at the casino. Click on MasterCard as your preferred method and take the next steps.
- Input the necessary details
The MasterCard deposit prompt will request that you input some information to aid your transaction. Firstly, you will need to fill in how much you are willing to deposit. You will be shown the recipient of the transaction so as to have an idea. Moreso, you will need to input your card details and billing information which are the cardholder's name, CVV code, and the expiry date. You can choose to save this billing information to avoid starting the process all over in subsequent deposits.
- Authorize the transaction
This is the most interesting part of the deposit process. You will have to authenticate the transaction by inputting a security code that will be sent to your mobile phone. Until this code is returned, the transaction cannot be authenticated. Immediately after you supply the code, you can approve the transaction, and your deposit will be processed instantly.
How To withdraw On MasterCard Casino
Withdrawing with a MasterCard is as easy as making a deposit. It requires you to take simple steps also. However, not all casinos support MasterCard withdrawal. Due to the unstable licensing issue with online casinos in India, banks find it hard to take in transfers from casino sites. As such, casinos mostly request that you use e-wallet withdrawal rather than using MasterCard.
In the case where the casino supports MasterCard withdrawal, you need to know that the processing might take a long time. The following are the steps involved in withdrawing with MasterCard;
- Visit the cashier section.
Just like the deposit, withdrawal also starts with visiting the cashier section of the casino. Choose withdrawal as your next operation and select the MasterCard withdrawal option.
- Input the card details
After choosing MasterCard, there will be a prompt requesting that you input some information. Firstly indicate the amount you are willing to withdraw in the appropriate column. Then you will need to input your card information as found on your card. Some casinos might request the bank details also for verification sake.
- Submit the information
Unlike when making a deposit, you don't need to authorize the withdrawal into your MasterCard. The need for authentication in the deposit is to protect your money which may not be necessary while withdrawing. Just submit the details and keep your fingers crossed till your withdrawal is processed.
Top MasterCard Casinos
If it is your first time attempting to use a MasterCard casino in India, you may need a guide. To make it easier for you, we have a recommendation of the best and most reliable casinos to consider. They are highlighted below with necessary information attached to them;
|Casino||Accept MasterCard||MasterCard Withdrawal||Minimum Deposit|
Casino players have always had a few questions to ask about this payment method. Here are the frequently asked questions regarding the best MasterCard casinos;
What are the advantages of Mastercard?
MasterCard payment has numerous advantages it offers to Indian players. It is an easy-to-use option, and it ensures instant deposits. It allows a high limit which makes it a good option for high roller punters. It is also secure and has always been a beneficiary of bonuses on casino sites.
What is the minimum deposit with MasterCard?
MasterCard minimum deposit depends on the casino. While the card itself has the ability to make transactions as low as $5, the casino decides what will be the minimum deposit on the platform. Therefore, you may need to read the Casino T&C to identify the minimum deposit before playing.
Do online casinos, and MasterCard charge a fee when making deposits?
When you make a deposit with MasterCard, there is no transaction fee attached by the casino. The bank may charge a token on the card as a transaction processing fee, but it is not instant. It is usually calculated over a period of usage. Nonetheless, withdrawals using MasterCard require the casino to charge a processing fee of 1-3%.
Is MasterCard a recommended form of payment?
MasterCard is a widely accepted form of payment across the globe. It is reliable and trustworthy since it is very secure. Almost all Indian casinos accept MasterCard payments. Therefore, it is a highly recommended form of payment if you want to play at any India MasterCard Casinos.
Can I withdraw my winnings to my Mastercard account?
MasterCard is majorly used as a deposit option. Many online casinos discourage using it for withdrawal. The reason is that it is very difficult in India to withdraw from a casino directly into your bank. Since your MasterCard is attached to your bank, the withdrawal can either be slow or rejected by the bank.