Making a Payment With Mastercard
Most casinos offer their players a variety of payment methods. You’ll find anything from debit/credit cards to e-wallets, and cryptocurrencies to bank transfers. So why does the Gambling Guy recommend Mastercard for deposits at online casinos in Canada?
As stated, Mastercard for online casinos in Canada is available as a payment method at just about all online casinos in Canada. Both deposits and withdrawals are as easy as one-two-three with your Mastercard at online casinos in Canada. Firstly, make sure your preferred online casino accepts Mastercard casino payments in Canada.
If you wish to make a deposit with your Mastercard (debit or credit) into your Canada online casino account, just follow these simple steps:-
- Register an account with your favourite Canada online casino.
- Select “Mastercard” as your preferred method of payment. You’ll either get a drop-down menu or widgets to make this selection.
- Once you’ve selected your Mastercard for payments at your online casino in Canada, you might be requested to confirm your identity to ensure the Mastercard belongs to you. This is a security measure to protect you. It might take a bit of time, but keep in mind that this is better than fraudulent transactions on your Mastercard.
- Next, you’ll need to enter your card details. This will be your name on your Mastercard, your card number, the expiry date and your CVC (card verification code) number. You should never divulge your CVC number if you’re not 100% sure that your online casino in Canada is legit and secure.
- After entering your Mastercard details, make sure to select the amount you want to deposit for your gambling spree.
If all the above steps were followed, your online electronic transaction should be completed in less than a minute. Thus, your deposited amount should reflect almost immediately.
Making withdrawals to your Mastercard from an online casino in Canada is equally effortless. It’s quite similar to your deposit process. Just go to your Canada online casino’s banking options (or, in some instances, cashier options). Select Mastercard from the drop-down or widget menu. The online casino will already have your card details from the deposit you made. Select the amount you wish to withdraw and voila!
Your Mastercard payments at online casinos in Canada (deposits and withdrawals) can not only be made from your desktop device. You can also make Mastercard casino payments in canada if you download casino software for Canada.
Average Time of Mastercard Deposits and Withdrawals
Have you ever noticed how easily (and quickly) money flows from your account in comparison with how long it takes to flow into your account? Well, you can expect the same when making deposits and requesting withdrawals at your Mastercard online casino in Canada.
Patience has never been humanity’s strongest point. Online gamblers are always looking for instant withdrawal casinos in Canada, VIP online casinos, high roller casinos, progressive jackpots, and instant play casinos in Canada. The reasons why online gamblers look into these options are because we want immediate results.
The good news drops the deposit side of the scales. Mastercard deposits at Canada casinos are instantaneous. It’s similar to making a payment at a store or buying something online. Your deposit process is also similar to the process you’ll follow when buying something online. You enter the requested details and hit ‘enter.’ It takes less than a minute to process and approve your transaction.
Now for the not-so-good news. Your withdrawal at a Mastercard online casino in Canada will not be so quick. On average, it takes between one and three working days to process a withdrawal. In some instances, it may even take up to five working days before the money sits in your bank account. These withdrawal times depend on which operator with Mastercard casino payments in Canada you chose. Some casinos process debit/credit withdrawals faster than others.
The Gambling Guy’s advice is to check out the processing times of a Mastercard online casino in Canada before signing up for an account. You’ll find these specifications in the fine print of the terms and conditions of the online casino.
Mastercard Verification Requirements
One of the first things you should check when looking for an online casino is whether a casino is licensed and legal. Many online gamblers have been swindled by scams dressed as ‘online casinos.’
The Gambling Guy reviewed all online casinos with Mastercard casino payments Canada. It recommends eCOGRA approved casinos in Canada. These are all legal online casinos in Canada, with a casino games guide. They also include sports betting, horse racing and online casino table games.
A licensed and legal online casino has to comply with the stipulations of gambling authorities. This protects you, the online gambler. You may find yourself wondering how it protects you. Well, a licensed and regulated casino has to ensure the security and safety of the personal and financial data of its users. It must further ensure that online gamblers are of legal gambling age.
So, when you sign up with an online casino in Canada, make sure you’re of legal gambling age. How old must you be to gamble online in Canada? You must be nineteen – except in Alberta, Manitoba, and Quebec, where you can legally gamble at the age of eighteen.
When you register your details for Mastercard at an online casino in Canada, you’ll be asked to verify your identity and age. This means that you’ll have to prove that you’re the cardholder, are who you say you are and are as old as you claim to be. The age and identity verification methods may vary slightly from casino to casino. But, mostly, you’ll have to submit some form of photo identification – like a passport or driver’s licence – bank statements, or even a statement from Mastercard verifying your identity.
It’s always prudent to ensure that online casino payment methods have the necessary security measures when it comes to using your credit card at an online casino. The same applies for using your debit card at an online casino in Canada.
You may feel that this is unnecessary red tape when all you want to do is have a bit of gambling fun. But, this schlepp protects you from online credit/debit card fraud, which is ever-increasing.
The History of Mastercard
Mastercard was born in 1966. It followed close on the heels of Visa, which was then known as Bank Americard. As the name indicates, what is known as Visa today, was initialized by the Bank of America. Mastercard, however, back then known as Interbank and later on Master Charge, was the child of numerous bank card organizations.
Visa bounced onto the American banking scene in the late 1950s. It was the first credit card known in the United States of America. At first, it looked like a total failure but started being profitable in the early 1960s. The Bank of America, the then father (or mother if you like) of the Visa credit card, tried to keep these profits under wraps. They were able to do this up to the mid-’60s when their profits became evident. A credit card boom hit the United States from 1966 to 1968. A lot of the banks behind these cards formed regional bank card associations, and Mastercard was born from one of these conglomerations.
The Mastercard that we know today was first conceived as the Interbank Card. ‘Interbank’ obviously refers to the amalgamation of financial institutions. Later – three years to be exact (in 1969) – the Interbank Card changed its name to the Master Charge Card. This swiping bundle of joy is known today all over the globe as Mastercard.
As stated in the introduction of this review, Mastercard is an electronic banking card. You can apply for it as either a credit, debit, or prepaid card. This card is a purchasing medium. When used to make payments at online casinos in Canada, it’s a deposit or withdrawal method.
Most online casinos support Visa and Mastercard payment in Canada casinos.
Mastercard Compared With Other Payment Methods at Online Casinos in Canada
Mastercard needs no introduction. It’s been around for over fifty years and is known all around the world. It’s also an accepted payment method at most stores. All online casinos in Canada accept Mastercard as a payment method. But what other payment methods are out there, and how do they compare with Mastercard?
Visa is Mastercard’s counterpart in the credit/debit card arena. The deposit and withdrawal methods are the same as those for Mastercard. AMEX online casino in Canada refers to deposits and withdrawal with an American Express card, which also follows suit with Mastercard and Visa. So, as far as debit and credit payment options go, there isn’t much difference between Mastercard, Visa and American Express. However, all online casinos accept Mastercard casino payments in Canada as well as Visa, whereas only some accept American Express.
Debit or credit cards are not the only payment options available at online casinos in Canada. Deposits can also be made through a Paysafecard at online casinos in Canada. This is a prepaid card. It’s very limited, and players can only use it for deposits. So, you can’t use this card for withdrawals.
A more flexible prepaid card is the Visa Virtual Entropay for online casinos in Canada. You can make both deposits and withdrawals with this card. It is also highly secure. Mastercard’s answer to Visa’s Entropay is the EcoCard for online casinos in Canada. It works on the same principles as Entropay.
E-wallets are great when it comes to securing your personal data, as they’re basically linked to an email address and not your personal details. Deposits and withdrawals at online casinos are also immediate. However, in some instances, withdrawals may take a couple of hours. Still, it’s much faster than the three working days for a withdrawal to a debit or credit card like Mastercard.
Lastly, cryptocurrencies like Bitcoin for online casinos in Canada is becoming more and more popular as an electronic transfer method. Like e-wallets, it guarantees anonymity and security.
You can see that traditional payment methods like Mastercard have quite a bevy of new options to contend with. But, if you’re looking for a secure and safe payment option, Mastercard for online casinos in Canada remains a trusted payment option.
Most Popular Payment Methods
Choosing the right payment method can look scary when you’re standing at the feet of the great online gambling mountain. Players, especially new players, have a lot of concerns about the safety of their money. This is natural and, frankly, you’d be foolish if you didn’t worry about the security of your money.
The payment methods offered at licensed and legal online casinos are usually shielded by 128-SSL encryption technology. This means the best in security when it comes to online transactions.
Mastercard casino payments in Canada have proven to be secure. You can even use Mastercard gift cards at online casinos in Canada if you’re worried about transfer issues. In short, you can use your Mastercard at online casinos in Canada with peace of mind.
Do I Need to Use the Same Deposit and Withdrawal Methods?
The simple answer – yes. When you use the same deposit and withdrawal options, your payment requests are processed faster. Also, if you wish to access bonus offers, it’s definitely better to use the same deposit and withdrawal methods. Some casinos don’t recognize different options when it comes to paying out bonuses.
Why Does an Operator Block My Account?
There are various reasons why an online casino in Canada accepting MasterCard could block your account. Some of these include:-
Incorrect login information, or too many incorrect attempts to logon
The online casino not being able to verify your identity or financial information
Suspicion of fraud on your account
Attempts to open more than one account with an online casino
If your account is blocked, which can also mean that the funds in your account can be frozen, it would be best to contact the online casino’s customer services.
Can I Get a Bonus With My Mastercard?
Yes, you can qualify for all bonuses offered by an online casino when making deposits (and later on withdrawals) with your Mastercard. You can also make significant deposits to activate the deposit match bonuses.
Why Make Mastercard Casino Payments in Canada?
Mastercard has a proven track record of more than fifty years. It is acknowledged all over the world as a payment method. Mastercard originated in the United States of America. Today it’s offered and available at almost every bank across the globe.
All online casinos accept Mastercard casino payments in Canada for both deposits and withdrawals.
Deposits with your Mastercard at online Casinos in Canada are immediate. You don’t have to wait days for the money to be transferred into your casino account. You just enter your required card details, the money is transferred, and you can start playing. However, withdrawals of winnings to your Mastercard can take up to three business days. This may be tedious, but Mastercard remains a secure and safe payment method with online gambling.
The variety of payment options at online casinos is nearly as vast as the number of online casinos themselves. This might be very confusing for both old and new players, especially in the light of new methods like e-wallets and cryptocurrencies.
In a world of choices filled with the unfamiliar, Mastercard is a known and trusted name all over the globe. Most, if not all, online casinos accept Mastercard casino payments in Canada. It’s safe and secure, allowing you to perform the necessary online transfers with peace of mind.