Top Rated MasterCard Online Casinos
History of MasterCard Payment Method
In 1966, few California banks created the Interbank Card Association. Subsequently, financial companies joined the organization, thus it was instrumental in the promotion of their product. Everything starts in 1968 when company came to international market for the first time. It was the very period when an agreement with Eurocard was signed. That offered opportunities for Interbank to work with clients from Europe.
MasterCard company’s history was marked in 1979 by the appearance of the company’s name which everyone knows now. It happened by the abbreviation of “Master Charge: The Interbank Card” where only the first word and the last one were left. Another change of the name happened in 2006 as MasterCard expanded and integrated with a large number of firms. This fact and future perspectives indicated to add the prefix Worldwide. On the 25 of May, 2006 the organization (which was managed by thousands of institutions at that moment) placed its first shares on the stock exchange in New York.
MasterCard Key Features
MasterCard gambling deposit option is often seen on the payment or receipt pages of casinos next to Visa. Therefore, the popularity of MasterCard payment online is quite a bit inferior in comparison with its prime rival. Casino money transactions are usually conducted with bank cards. It is allowed to use credit and debit cards while depositing at online casino sites. Casino depositing is an instant and direct payment requiring only basic user’s data. It can be:
- 16-digit card number;
- validity period;
- security code;
- a copy of passport, plastic card and any receipt that proves the payment.
The last one is basically required during the first use of a card in the online gambling venue. For the second use of MasterCard payment transaction services, it will be enough to enter the name of card’s owner. A user should pay attention to two numbers while paying in: an amount of money on own account and the required deposit. There will be no problems if they match, however, in a case of differences, there can be significant costs for conversion. In such a circumstance a user needs to seek for the most favorable way of transaction.
There are dozens of advantages of using MasterCard as a primary casino depositing option:
- MasterCard debit or credit card casino deposit is widely accepted solution in the vast majority of online gambling sites;
- Apart from its convenience, MasterCard is a safe and secure banking method with a high level of personal banking data protection;
- MasterCard option allows you to make large gambling deposits without any kind of restrictions imposed by online casino operator;
- Players are able to deposit and withdraw money using mobile phones without third-party services.
Money Withdrawal Process
During money withdrawal via MasterCard, there’s an important point users need to remember: one cannot receive payments directly on the card. Winnings can be transferred only to a bank account and that may take time. Furthermore, do not forget about satellite commission of withdrawals and the taxes on casino winnings.
The company is responsible when it comes to protection of its customers’ information and therefore has almost one hundred percent safety indicator. Even though MasterCard security features encouraging, users shouldn’t forget to familiarize themselves with rules of money transactions directly at the online casino they choose to create an account in and deposit. There can be some nuances that restrict the withdrawal of money. For example, only that sum of deposit may be available, which was contributed earlier. In this case, users will need to obtain the sum from balance in some other way.
Mondex Smart Cards
The concerned payment system has several distinct brands:
- MasterCard Electronic;
Let’s look closer at the last one. Talking about MasterCard and Mondex, we should emphasize that last-mentioned is a separate payment system which is most common in Europe and Asia. It was developed by few banks and the result of that was a system which occupies one of leading places on the card market.
This system gives a customer a right to use smart cards. They are the real data storage devices of virtual information. The chip encloses data on electronic cash and wellets. Mondex is popular among people who prefer to make payments for goods and services online. That range includes players who chose to gamble in internet casino as well.
The system, as well as MasterCard, has several important features and benefits. First and foremost, the safety that comes along with transfer of data via encrypted protocols and unique PIN-code for each smart card. In addition, the user can set his/her own combination which will block e-wallet if it’s necessary. Another advantage is the possibility to use one card to open accounts in five different currencies. All this is complemented by an option to control the system by phone.