Mastercard was invented in 1996 and has grown to be the most reliable and popular payment system today. Mastercard services are used by all banks across the world. It is VISA’s main competitor. However, it is not second on the list.
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Four Different Mastercard Types
There are four different cards that players can use at their online casino. The types of card’s are:
- Credit card: Credit cards can be differentiated between three different credit cards, namely World, World Elite or just Mastercard. A player’s deposit is given for credit, and is paid according to the conditions of the credit card type.
- Debit card: Debit card payments are made on the players personal account. It is easier as players have no need to pay the credit with the percentage.
- Prepaid card: Prepaid cards are the most appropriate form. Players are required to buy a card with the exact value. The card might be virtual, plastic, replenished or disposable.
- Contactless card: The contactless card works with new technology as players put the card in their phone or terminals without data inputs.
How to Make Payments
To make payments, players are required to first select the online casino that they want to make a deposit to.
Mastercard payments have two means:
- The pay desk.
- The gambler’s account.
Once a player has been registered on the casino website, they will be able to make payments immediately. A special form needs to be filled in, with the following information:
- The 16-digit card number.
- The expiry date of the card.
- The cardholders name.
- The CVV code, which is the three figures on the underside of the card.
- The amount you want to deposit.
It is important to know the bank account properties when a player wants to withdraw money. Therefore, players should prepare to use more comfortable ways of withdrawing.
To use Mastercard services is secure. However, there are quite a few aspects that depend on the user.
To avoid fraud, players are required to:
- Never reveal the card properties to other people.
- Never reveal your CVV code, card number and password, even if the bank agent demands it.
- If you have lost your card, you should immediately inform the bank.
Advantages of Using Mastercard
There are many benefits. The advantages include:
- It is easy to deposit money.
- Transactions are processed in high speed.
- There is a high level of reliability and security.
- Mastercard is very popular in online casinos.
Disadvantages of Using Mastercard
As everything with advantages have some disadvantages, so does Mastercard. Although, the disadvantages are not major. The disadvantages are:
- Players are required to always have the bank account properties and the swift code to withdraw.
Fees might be up to 15% for payments, exchange and withdrawals.