Making a payment with MasterCard – a step by step guide
Using your MasterCard online at casino Canada is so simple that we can break your first payment at a typical casino site into just a few, easy steps.
Step 1 – First, register and sign-in at your casino – simply follow the casino’s prompts from their register or sign-up buttons.
Step 2 – You can usually make a first MasterCard casino deposit Canada at the sign-up process, but you can also use banking/cashier in your account section.
Step 3 – To make your first MasterCard casino payments Canada, simply select MasterCard for the payment method, then add card details; number, expiry date, 3-digit CVC/CVV and amount to deposit.
Step 4 – MasterCard deposits are instant at most online casinos so your account should show your deposit almost immediately.
Step 5 – When you make your first withdrawal using MasterCard at online casino Canada, you have to go into your account and select withdrawal. There are some casinos that don’t allow MasterCard withdrawals, but most simply allow withdrawal to the same payment type used for a deposit. From here, select MasterCard, add withdrawal amount and follow the instructions.
Step 6 – Finally, it is usually either at first deposit or withdrawal where you’ll need to provide verification of your MasterCard.
Step 7 – Enjoy any casino welcome bonus offers you pick up on your registration!
That’s it – a simple step-by-step guide to your first MasterCard casino deposit Canada! That’s one of the great benefits to using MasterCard online at casino Canada.
Average time for MasterCard deposits and withdrawals
As with all credit and debit cards, when you use MasterCard for online casino Canada payments you’re getting some of the quickest of all types of payments, with most deposits made with your MasterCard being instant or as near-instant as you can get!
With withdrawals from your MasterCard at online casino Canada, because of the strength of the MasterCard network, you will sometimes find times to get your money are quicker than the industry standard of 3-5 working days. But keep in mind that you will need to verify your MasterCard casino payments Canada on your first withdrawal and at various times after that and this can slow down the withdrawal process.
MasterCard Card verification requirements
As mentioned, when using MasterCard casino payments Canada you will be required to verify your card payment at some point. This is usually done at sign-up, on the first deposit, or first withdrawal but can also be done at random later on. Some see that as an inconvenience, but we say it’s an inconvenience we readily accept as the verification process just means the casino and MasterCard provider are taking your online security seriously.
When the casino asks for verification you will need to upload scans to prove identity (government-issued photo ID), residence (drivers licence for example), possibly even address (utility bill). Once the casino has verified your documents you will be allowed to make further withdrawals.
You will also find that your MasterCard provider asks for verification of purchases. Usually, this is just for new accounts, new payees, or what they consider unusual activity. With MasterCard casino payments Canada, it will be by the ‘MasterCard Secure Code’ scheme. Again, this is simple, just enter part of your online security or enter a code sent to your mobile or email. This adds the security of 2-factor authentication to any transaction, greatly increasing the security involved.
The 50+ year History of MasterCard!
The credit card that would become MasterCard first appeared in 1966 as the Interbank card. The name first changed to Master Charge, when we first saw those now instantly recognisable interlocking circles for the logo, and finally, we got the MasterCard name in 1979.
MasterCard began as the response from a large group of smaller banks and card providers to the incredible success of the Visa organisation created by Bank of America These smaller bankcard companies combined in 1966 to become the Interbank Card Association (ICA) and launched the Interbank card that would become MasterCard. These two card processing networks now supply approximately 90% of all cards through Canada and North America, with millions of us using MasterCard for casino payments in Canada. For more on the history of credit cards in Canada check out the article credit card online casino Canada. And for more on the third place (by a long way) provider, see our Amex online casino Canada article.
The MasterCard debit card has been with us since the mid-70s. And MasterCard’s direct express prepaid card launched in 2008. This allows you to add funds to the card rather than tying the card to a bank account. It was originally designed for those without bank accounts to access federal government funds, but it’s become another popular form of payment method for those using betting sites who want extra security. There are other pre-paid cards of course – check out our article on paysafecard online casino Canada. And finally, you now have the option of the MasterCard gift card casino Canada, which works as a single-use pre-paid card that cannot be topped up.
One thing’s for sure, we know that MasterCard’s first 50 years has built a gigantic global financial brand and it’s one that’s going to go from strength to strength in the next 50!
MasterCard Compared to Other Payment Methods And Providers
Using MasterCard casino payments Canada, whether that’s a credit or debit card, pre-paid MasterCard cards, or the MasterCard gift card casino Canada, is still one of the most secure, most convenient, and altogether simplest ways of funding your betting online.
First and foremost, MasterCard is an incredibly safe payment system, with its key to the security and trustworthiness of the system. Whether it’s credit or debit cards, your money is safe at MasterCard. It’s also a fast system, with those instant deposits and 3-5 day withdrawals (although very often quicker than that.)
And of course, one of the most important advantages of using MasterCard is the security of the provider being well-established and stable. In a market of financial newcomers, it’s sometimes best to go with an established name. Newcomers may go from strength to strength – look at the article PayPal online casino Canada for an example of a payment method that’s taken off and is now well-established. But on the other hand, just look at the case of Entropay.
MasterCard performs well against other competing payment methods, being more convenient than e-wallets such as Skrill and Neteller which add extra steps to getting your cash from your account to your betting account, and you’ll find MasterCard is widely accepted, far more so than other smaller payment methods such as cryptocurrency.
All the most popular payment methods – including MasterCard!
There are, undoubtedly, an ever-increasing number of online casinos. And alongside them, with the technological revolution of recent decades, we’ve seen more and more alternative payment methods spring up.
In addition to using MasterCard for casino payments Canada, we’d recommend that you might want to look at other popular options that we’d recommend, including e-wallets such as Neteller, Skrill, and EcoPayz. As we mentioned, pre-paid cards are increasingly popular, including the MasterCard pre-paid card. And of course, cryptocurrency is the brand new thing – but there are limited numbers of casinos that accept crypto right now.
However, we still default back to good old MasterCard debit and credit cards for casino betting – easy to use, wonderfully convenient, long-established, financially secure, fraud protection included – that’s why MasterCard online casino Canada is still our pick!
The MasterCard FAQ – We answer your top 5 MasterCard questions!
MasterCard casino payments Canada is definitely one of the most convenient and easy payment methods for your casino betting. But we always get asked a few questions to do with using MasterCard for Canadian betting. And here, with the MasterCard casino payments Canada FAQ guide, we’re answering those!
Yes – as of 2020, online gambling at Canadian casinos or offshore casinos is completely legal for Canadian players. You can find out more about online casino Canada legal requirements in our dedicated guide.
Absolutely! For a huge number of casinos, operating online in Canada and offshore casinos, MasterCard debit and credit cards are widely accepted.
Unfortunately, there are some casinos that only allow players to deposit via MasterCard but do not offer withdrawals to your MasterCard. This is something to check at your preferred site.
Always look at the security and licencing of any casino. Licences from UK Gambling Commission, Malta, Gibraltar, and the Isle of Man are excellent, tightly regulated examples. Casinos with licences from the Caribbean islands, such as Curacao, are less regulated and more problematic. But as for using MasterCard at a good casino, it’s perfectly safe – with secure encrypted technology and anti-fraud measures and a reputation for safety from many years of serving Canadian players.
If your MasterCard payment is declined, either by your card provider or the casino, always check the obvious things first – we’ve all entered our payment details and security answers wrongly at some point! Your first contact if your payment is declined is both the casino and your card provider.
The Canadian problems of paying With MasterCard!
Sadly, one on-going set of issues we’ve seen and heard about is an increasing number of declined or blocked transactions when using your MasterCard at online casinos, particularly those offshore. On the one hand, this is down to ever-increasingly harsh regulations and decisions by banks worldwide to limit gambling transactions.
But there are two issues specific to Canadian players. Firstly, customers with the Bank of Nova Scotia (Scotiabank) will have to use alternate payment methods since, despite betting being perfectly legal here in Canada, this bank has decided to block all gambling transactions to offshore casinos. Secondly, if you have a MasterCard debit or credit issued by US-based banks and credit card providers you may find difficulties using them for betting sites. This is all down to the US limitations on financial transactions to offshore betting sites following the passage of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).
The changing face of paying with credit cards
Right now, players in the UK are coming to terms with the fact that they are no longer able to use ANY credit card for gambling transactions. In April 2020, the UK Gambling Commission implemented a ban on gambling businesses allowing consumers in Great Britain to use credit cards to gamble. This follows the UKGC’s review of online gambling and the Government’s Review of Gaming Machines and Social Responsibility Measures.
What does this mean for Canadian players wanting to use credit cards? Right now, not much. You might find that UK based online casinos will no longer offer anyone, not even us Canadians, the credit card option. But looking into the future, we can see more countries adopting these measures and Canada may be one in time. Right now, it’s little to worry about, but if it changes – we’ll cover it here at MyBet.
It’s one of the biggest names in debit and credit cards and, for over 50, MasterCard has been a trusted and secure method of paying for goods and services. With online payments becoming ever more important, MasterCard is there at the head of the pack, offering incredible service, great security, the confidence of its long-standing reputation and so much more. When you use a MasterCard online at casino Canada and worldwide, you can do so with absolute confidence!