As a global pioneer in payment innovation, Mastercard offers a reliable and trusted way of funding your sportsbook account. However, before you register and play, read our coverage of the best Mastercard betting sites. In our review, you can learn about:
- Safety and security at Mastercard betting sites
- Guide on how to complete your payments
- Recommended Mastercard betting sites in India
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Mastercard at Betting Sites
Established in 1966, MasterCard was initially introduced as a consumer payment option. Generally, its principal business model is to facilitate payments. Basically payments between the banks of the operators and the banks of customers. Hence the banks that issue credit or debit cards that carry the logo ‘Mastercard’.
It is fair to say that it has been in the money transfer business longer than most of us have been alive. The company began 55 years ago in the USA as the Interbank Card Association. A group of banks joined forces to allow their customers greater access to the financial network. Moreover, this followed a notorious business blunder in 1958. The Bank of America became the first to offer customers a credit card — the BankAmericard. However, it had a disastrous launch and put many other banks off the idea. Nevertheless, just a few years later it began making money. By 1961 it was turning a healthy profit. However, the Bank of America kept this secret until 1966, to stop competitors having the same idea.
Once the word was out, over 400 new credit cards sprang into being across the USA. Additionally, this led to banks joining forces to increase access to their services. One such association was the Interbank Card Association, which formed on November 3, 1966. Its new card bore the name MasterCharge. With “Master” being chosen to emphasize that this “Charge” card was the one which dominates the industry. Lateron, this renamed itself MasterCard in 1978 — a name adopted by the whole company.
Mastercard in India
Overall, the company does not directly offer credit and debit cards to customers. Instead, interested parties who want to use the mastercard option will apply for an account in one of the partner banks. I.e. banks that are authorized to issue Mastercard. In addition, Mastercard primarily generates its revenues from the fees. Basically these fees are charged for the use of the cards when completing payments online.
As one of the global leaders in payments, all payments transactions involving Mastercard are safe and secure. Above all, the transactions comply with the requirements of the Payment Card Industry (PCI) for data security. Furthermore, the Mastercard payment network also uses 128-bit encryption technology. This to ensure the privacy of all information exchanged between platforms. Besides, this is the same technology that is used by major banks around the world.
Most of us are familiar with Mastercard. Mainly because we use the credit/debit card ourselves. Also we are familiar with sports betting sites that take Mastercard. The best Mastercard betting sites in India work with the most legit financial services companies. Accordingly in order to make your gaming experience easier and more fun. However, there is much more to Mastercard than that.
How To Bet With a Mastercard on Betting Sites
Online betting with Mastercard is convenient. Generally, you can pay anywhere and anytime for your sports betting needs. First, to start betting on Mastercard betting sites, you need to register for an account. Secondly, on a Mastercard sportsbook, simply click ‘Register’ and complete the sign-up process. In addition, as part of the registration process, you need to confirm your account. Accordingly before you can fully use it to bet on sports. Once all completed, deposit money with your Mastercard and you are ready to place real money bets!
Find Mastercard at Betting Sites
Everyone who uses sports betting sites that take Mastercard is familiar with the card’s logo. Those unmistakeable overlapping circles are instantly recognizable. At least to anyone using the best MasterCard betting sites. Those circles have been a consistent feature of the logo throughout the company’s history. Although that was never the intention. In 1966 the Interbank card’s only branding was a small i within a circle in the bottom right-hand corner of its card. Unsurprisingly, this did not lead to brand awareness.
However, in 1969, upon the launch of the “Master Charge” national credit card, the company adopted the now-famous overlapping yellow and orange circles. Over the years, the fonts may have changed and the circles shifted in style. However, those two circles have always remained.
How To Deposit on Betting Sites With Mastercard
Mastercard offers a secure way to fund your Mastercard sports betting account. First, you need to find the bookmaker that best caters to your betting needs. We offer you a list of our recommended Mastercard betting sites. To deposit funds to your account, just select ‘Deposit’ and click on the logo of ‘Mastercard’. In addition, the system will prompt you to submit the rupee amount you want to transfer. Moreover, some other relevant payment details might be required as well.
Once you confirm the transaction, the betting site will process your request. After that, most deposit transactions in Mastercard betting sites are processed immediatly or up to 3 days. However, the waiting time may be longer if you compare to other sportsbooks. Although with Mastercard, you can count on a fully secure and safe transaction. Furthermore, all Mastercard bookmaker sites that we include on this page are fully licensed and reputable.
Of course, originally credit cards did not have the benefit of the internet to get and transmit a customer’s information. For instance, some readers may be able to remember the old credit-card imprinters. Back then, a common sight in banks and stores up until the end of the 1980s.
How To Withdraw on Betting Sites With Mastercard
To withdraw funds, simply visit the ‘Cashier’ section and review your account. Remember, make sure that your Mastercard is already linked with the sportsbook. If not, just follow the operator’s instructions to link the card to your account.
For withdrawal, just proceed to ‘Cashier’ and press the ‘Withdraw’ button. Thereafter, choose Mastercard as your desired payment option. Secondly, you will have several blank fields where you need to provide your personal information. In addition, you type the amount you want to withdraw. After reviewing your request, just click ‘Submit’ and wait for your funds. On most Mastercard betting sites, withdrawals can take anywhere from 3 to 5 days.
If you are requesting a withdrawal at Mastercard betting sites for the first time, the processing time is longer. Basically as the First-time customers who request withdrawal will undergo the Know Your Customer (KYC) process. During this process, the operator verifies your personal details like name, address, and proof of billing. Although, this is a one-time process that will not be required during the next withdrawal transactions. KYC is a standard process. Hence, it is part of the security measures of every sportsbook to prevent any kind of fraud.
Mastercard Credit Card
A credit-card may look like it has a single shiny strip down the back, but in fact this is three in one. The first strip holds a customer’s personal data, such as name, card type, credit limit and expiry date. The second strip contains the account number and any other data required by the company. While the third has all the information necessary to use an ATM.
In a fully digital age, we are all glad to see the back of clunky card machines. Even in shops, contactless makes gathering this data easier than ever. Consequently, it is no surprise that Mastercard has been at the forefront of efforts to make physical payment systems a thing of the past.
Originally from the USA, credit cards evolved from a practice common among small shopkeepers throughout the world. I.e. allowing regular customers to have an account with the store. This could be paid off, in part or in full, every month. This led to the idea of buying large expensive items from bigger stores “on credit”. Thus enabling them to be paid off in monthly installments. In turn, this led to gas stations across America offering customers a “courtesy card”, paying monthly to fill their cars. In addition, department stores also adopted this idea with accounts providing customers with credit.
Eventually a tarpaulin salesman called Francis Xavier McNamara invented the first ever all-purpose credit card, Diners Club. This was in 1950. Naturally, others were quick to follow and is today a naturally part of Master betting sites offering.
Are Bookmakers That Use Mastercard Safe?
On our list of recommended Mastercard bookmakers, players are in a safe and secure environment. We review and compare bookmakers based on their reputation, banking policy, sports and betting markets. In addition, we also evaluate the security before we include them in our list. If you have any questions or concerns you may email the bookmakers Support Team. Communicating with the representative of the sportsbook is free and you can do it anytime. If you are curious about other payment methods offered by Indian online betting sites, read our guide.
Mastercard has always led the way when it comes to the highest levels of security. Sports betting sites that take Mastercard can rely on the company’s commitment to making secure transactions. In addition, make sure the funds and data are safe as well. Among the security innovations of this company is perhaps the most colourful — the laser hologram. Certainly, all of us have at some point taken a second to admire the shimmering hologram in the corner of our cards. Indeed, we can thank Mastercard for this. Way back in 1983 it was the first to add laser holographic images to its credit cards. This in order to make them nearly impossible to counterfeit.
Like all credit cards, it defends customers against fraud and unauthorized purchases. In addition, illegal use of the card, such as charges made through phishing or other forms of hacking, the company promises to refund these without liability. Moreover, this even extends to legal purchases. Items or services paid for through the card have a level of protection close to that of an insurance policy.
Mastercard Betting Sites FAQ
Which betting sites accept Mastercard?
There are a huge number of betting sites that accept Mastercard. This is unsurprising, since it is one of the oldest and most reputable electronic payment methods in the world. Hence, dating back to the dawn of credit cards in 1966. Along with its only real rival Visa, the company has dominated the field ever since. For that reason there are most sports betting sites that take Mastercard. It is very unlikely that a potential customer will come across a sports betting site that will not take this form of payment. The only question is under what terms and conditions? To study a full list see our review.
How do I use Mastercard on betting sites?
When we ask “how does Mastercard work?”, we are actually asking how our money gets transferred. Hence, most people are familiar with the idea of electronic transfer. Although they just want to know that the transfers we need will happen quickly and with no problems. Indeed, we want to get straight to the action when we use betting sites. For sure, speed and security is paramount. Nowadays, digital data is king, so we usually just need to input card numbers, dates and other information to get the results we want.
Why should I use Mastercard on betting sites?
Mastercard takes absolutely no risks when it comes to protecting customer and company data. We may forget to back up our hard drives until it is too late, but not Mastercard. In addition, on top of its airtight security system it even makes sure that regular data backups have their own regular backups!
It counts for a lot that this card company has managed to maintain its strong reputation for security and probity. Actually since its foundation in 1966. During that time both customers and merchants alike have believed they can rely on it. Even now, with so many alternative options, such as the rising star of cryptocurrency available to supplant it, millions across India still continue to use the credit card. Throughout the subcontinent it makes up over 30 per cent of all electronic and card transactions. Indeed, the number is even more immense when you look at the wider world. Incredibly, more than 725 million people regularly use it globally.
What are the best betting sites for Mastercard?
Although most betting sites accept Mastercard, they might not be the best sites in general. Or the best sites for you. Upon choosing the best sites many factors need considering. These include safety, security, ease of use, choice of games, number of betting markets and much more. Most of all, gamblers using this payment methods need to check they will not be stung with fees or long transaction delays.
Investigating and comparing all the different factors for consideration before registering with a betting site can be a challenge, or a tedious chore. Fortunately, our reviews of the best Mastercard betting sites can be found right here. Check them out to find the best places that accept this credit card as your primary payment method.
Our Mastercard Betting Sites Conclusion
As one of the largest card processors, Mastercard is a great option for sports betting. It is easy to use, boasts cutting-edge security features, and widely available. Although Mastercard is not the fastest payment processor for sports betting, it is still a highly recommended banking option. Together with Visa and bank transfer, Mastercard is globally available and it is open to the majority of players who want to bet and play online. If you want complete access to all the leading sportsbooks in the business, then you can not go wrong with Mastercard!
The late 2010s were a time of great innovation across the online world and especially that of international finance. Mastercard had a very dynamic CEO, Ajaypal Singh Banga, from Pune in India. He championed his company’s ambitious goal of progressing the digital money services enjoyed by people with access to bank accounts. Mr Banga wanted them accessible by the millions throughout the world without accounts who trade exclusively in cash.
Mastercard in India
As part of the World Beyond Cash initiative, in 2017 the company launched a $500 million investment programme, opening new offices in Pune and Vadodara. These new facilities were to oversee the introduction of digital transactions to millions. Between 2017 and 2020 it moved hundreds of millions of people throughout India towards the formal economy. It also invested another $750 million in new technology, such as cashless apps, to roll out across the subcontinent.
However, its commitment to a cashless world is not just limited to India. The company struck deals in this period with various African countries to link their governments’ official ID cards with national e-Wallet schemes. The aim was to keep citizens’ assets safer than they would be walking around with wads of cash. The success of this initiative led to more deals with governments and organizations as diverse as The First Bank of Nigeria, the Bank of Ireland and the Commonwealth Bank of Australia.