Betting Sites that accept Mastercard
When you use an online betting site, one of your first jobs will be to deposit money into the site. You will only be able to place a bet once you have money in your online wallet. To do this, you will need to locate the site’s deposit section and select a payment method to transfer money into your online account. It’s important to understand which payment methods you can use, which ones are safest, and which ones are most convenient for you.
One of the most common ways to deposit money into your online betting account is using a Mastercard. Mastercard is an electronic payment company – a bit like Visa. You can get either a Mastercard debit card, where you use the money that has been preloaded onto the card, as well as features like overdrafts, or a Mastercard credit card, where you obtain credit which you then pay back in installments. A Mastercard is a safe and reliable way to pay for things online, including online gambling, which will now be explored in more detail.
Difference Between Visa and Mastercard
You might be wondering first and foremost how Mastercard is different to any other normal banking payment method. Electronic payments are dominated by 4 companies – Mastercard, Visa, American Express and Discover. The two most popular types of cards in the United Kingdom are Visa and Mastercard. There isn’t any major difference between the two options, and both are safe and reliable forms of payment. You can get visa credit and debit cards, as well as Mastercard debit and credit cards. Mastercard offers its customers its own unique benefits and rewards and functions on the Mastercard network. Both Mastercard and Visa can be used in online and in-shop transactions. Both have apps you can download to your phone.
Is Mastercard Safe To Use Online?
Mastercard is a safe and trusted company that is safe to transact with. Mastercard has sophisticated tools to detect and fight fraud, and can even identify your smartphone as yours if you are choosing to use a smartphone to pay. Saying that, credit card fraud is on the rise, with a 41% increase seen in February 2022 as reported by the National Fraud Hunter Prevention Service, analyzed by Experian. This means someone else gets hold of your Mastercard details and uses the card information to make purchases that you have not approved.
Is Mastercard Safe for Online Gambling?
Betting sites that accept Mastercard are common, and this pairing is considered generally very safe as long as the site is regulated. You should always make sure that a gambling site is reputable, regulated and isn’t a bad replica of a well known site. When inputting your Mastercard details you will normally be put through a Mastercard security process, such as having a One Time Passcode sent to your device, or having to seek a code from your Mastercard app. This is not always the case and depends on individual devices and online shops.
Alternative Online Betting Payment Options
Don’t own a Mastercard? No problem. Betting sites that accept Mastercard normally also accept a range of other deposit methods. These include Visa, Paypal, Apple Pay, Google Pay and prepaid cards. If you come across a betting site that does not accept Mastercard, you can normally use another method. Make sure you check the terms and conditions of your chosen method. Also make sure you can withdraw your winnings back into your chosen method.
What About Mastercard Credit Cards?
If you want to use a Mastercard credit card for online gambling you might find there are fewer sites willing to allow this payment method. In fact, in 2020, The Gambling Commission announced a ban on gambling businesses accepting credit cards to gamble in the UK. This is because gambling using credit can create huge amounts of debt, especially in people who are struggling with gambling addiction. It is considered irresponsible for betting sites to allow this to happen and therefore bookmakers want to ensure that you have funds available to you before you spend it on a winning horse race or a football match. Therefore, if you visit a website that complies with The Gambling Commission (and we recommend these are the only sites you use) you won’t be able to use a Mastercard credit card. But, you should be able to use your Mastercard debit card.
Betting Sites That Accept Mastercard
Most online betting sites accept Mastercard as it is such a common payment method, and one of the largest banking networks on the planet. If a betting site does not accept Mastercard, you will very quickly be able to find one that does, or you can use one of the other betting sites that accept Mastercard. If you notice that a site is accepting a Mastercard credit card, rather than a debit card, make sure you check the regulatory information because, as of 2020, this is banned.
Gambling Responsibly Online
No matter whether you are using a Mastercard, Visa, Paypal or any other payment method, you should know how to protect your money and your identity.
1. Check that a website is fully regulated. You should be able to see this regulatory information on the home screen or in the About section. Many betting sites will have an entire section of the website dedicated to this information.
2. Check the terms and conditions of any payment deposits and withdrawals. Make sure you fully understand these.
3. If something feels ‘off’ or ‘glitchy’ with the website, don’t use it.
4. Check your bank statements and ensure that no money has unexpectedly been taken out of your account.
5. Never give away your Mastercard banking security information such as pin numbers, secret answers or any other revealing information that could lead to identity fraud.
6. Do not spend money you don’t have, or gambling more than you can afford to lose.
Gambling is safe and fun. You should be able to find plenty of betting sites that accept Mastercard, including all major players in the industry.