For some, Mastercard can be priceless. For one, it allows bettors to withdraw and deposit from various sports betting sites.
Some sites accept this payments, since they are safe and secure when it comes to money transactions
Overview
Since 1960s, Mastercard has been providing consumers a good alternative to Visa.
When it first started, Mastercard offered itself as a payment option to establishments that can take other credit cards. Nowadays, it is practically synonymous with consumer credit, helping millions of people worldwide.
Online Betting Sites that Accept Mastercard
There are top online betting sites that accept Mastercard out there.
One is Betway, which is famous for its live betting using their In-Play button that is very easy to use. The site allows you to bet on various sporting games and events using your mobile phone.
The online sportsbook offers you wagering options on the go, sports-specific bonuses, and comes in various languages.
A new user can have a signup bonus to as high as $300, play to betting markets that go as big as over 30,000, and enjoy customer support 24/7.
You can also use your Mastercard on BetOnline, which is prominent for its amazing welcome bonus and exciting refer-a-friend program.
You can have $125 to place bets risk free, making it a good site for your wagering needs. The site is considered one of the best in the industry, given its early lines as well as easy payouts.
Signup bonuses can go as high as $1000.
Advantages of Mastercard
So, why should you use Mastercard for betting site deposits?
Well, for one, because you can use Mastercard to fund and withdraw on your accounts at online sportsbooks.
Of course, you can incur funds when you are using your Mastercard to fund your accounts with online betting sites. However, a lot of these online gambling sites give you welcome bonuses that may help offset you with these fees.
For many online betting sites, having a Mastercard for withdrawing and depositing transactions can be an endorsement itself, given the tool’s business motives.
Mastercard does not usually involve itself with any fly-by-night or suspicious operations, and certainly the platform does not want its clients associated with these sites, as well. What does this mean? This means, Mastercard clients can be confident when they are using their money with online betting sites.
Disadvantages
Using your Mastercard for your online betting can be a bit problematic for Americans.
At the moment, the country’s federal banking laws do not allow credit services, like Mastercard, for such activities. As such, American Mastercard users apply other methods, including intermediaries. That way, that payment option can be tapped to fund your accounts at various financial services that you can then use to fund your sportsbook accounts.
Mastercard Alternatives
If using Mastercard for your betting sites is really problematic, you can use other online payment services that are easier to use, or are more convenient given their lower fees, or can offer better perks.
However, confidentiality can pose to be a concern. Some may not want betting deposits and charges to reflect on their monthly bills.
Bank wires can be an alternative, but they make take some days before they get cleared.
