What is MasterCard?
MasterCard comes top among renowned payment processors such as VISA, Verve, PayPal, American Express, and many others. As a rule, MasterCard links up to several financial institutions to help them process their daily transactions. Mastercard issues both debit and credit cards save for the UK, where it does not issue debit cards.
Furthermore, MasterCard provides bonuses as well as offering frequent promotions to sports bettors via affiliated bookmakers. Want to see how you can get your hands on these
esports betting bonus offers? Let's take a look...
Mastercard: A brief history
Mastercard's official journey began back in August 1966, when a group of bankers formed the Interbank Card Association (ICA), later becoming Mastercard International.
The latter parts of the Sixties saw the acceptance and expansion of the ICA, an association with the Banco Nacional, and an alliance with the Eurocard. In turn, this offered scope for US users to access the European market.
In 1972, the UKâs Access card system joined the Mastercard and Eurocard alliance. As technology advanced, we soon saw the introduction of INAS (a computer network that linked members/merchants to the issuing financial institution), INET (a system that allowed the electronic exchange of funds), and the magnetic strip added to cards, reducing the risk of fraud.
To reflect the recent expansion, a rebranding occurred and Mastercard was officially birthed in 1979. By the mid-Eighties, the company had introduced Mastercard Travelers Cheques, Gold Mastercard, Mastercard BusinessCard for the international market, and the Emergency Card Replacement Program.
Soon after, Mastercard was introduced to China and the Soviet Union. Next, Mastercard introduced Maestro. The first Maestro debit transaction was later actioned in August 1992. Mastercardâs first serious advertising campaign would be completed around this time, too, leading to a wider acceptance of its credit cards, debit cards, and ATM network. By 1996, Mastercard was handling over 7.5 million transactions per day, in over 150 currencies.
The renowned âPricelessâ marketing campaign was launched in 1997, following new sponsorship agreements with the MLB, the PGA Tour, and the Jordan Grand Prix F1 Racing Team. These marketing campaigns have been a staple for Mastercard ever since and have helped to showcase Mastercard as a personal company with a sense of humour. If you are of legal age to wager online, we have no doubt that you have stumbled across the "There are some things money can't buy; for everything else, there's Mastercard" phrase at some point in your life.
Another name change occured in 2006, turning Mastercard International into Mastercard Worldwide. In recent times, Mastercard has also teamed up with Apple to allow all users to readily use Mastercard through their mobile devices and is currently ranked 236 on the Fortune 500 list of the largest US corporations by revenue.
In 2024, Mastercard continues to be considered one of the most well-established electronic payment cards today, allowing for the swift and secure transfer of funds between your esports betting site and personal account.
How does MasterCard work for Esports Betting sites?
MasterCard is one of the most used payment platforms in the world. So, itâs quite natural for it to be one of the most popular
esports betting deposit methods. From the signup process, deposits, and withdrawals, using MasterCard as a payment system comes with easy steps. Itâs also a reason why many players love to use the platform for placing bets on their best Esports games.
Most betting sites require one to input their card details before getting charged automatically. That way no one needs to go through rigorous steps to make transactions on the
esports betting websites.
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Benefits of Esports betting with MasterCard
Using MasterCard as a transaction channel for esports betting provides a wide array of benefits. And this is one of the reasons MasterCard is quite common as a means of payment on many esports betting sites today. These unique benefits include:
Added security
MasterCard takes fraud prevention seriously, and when necessary, it can prevent a playerâs debit or credit card from unauthorized usage. Not only does this guarantee security, but it also assures sports bettors that payments via MasterCard are safe and can be trusted with personal details.
Allows players to make high deposit limits
This applies mostly to VIP clients who are willing to take more risks with their funded accounts. Many online betting sites which support MasterCard allow sports bettors to make huge deposits without a threshold on the amount allowed.
Quick transactions
With MasterCard, no sports bettor needs to wait for a long period to make a successful deposit or withdrawal from their betting account. MasterCard confirms the mode of transactions promptly and makes the funds available in the playerâs account as deposits. Furthermore, sports bettors get to withdraw winnings or extra cash credits in less than 24 hours.
Deposits on Esport Betting Sites With MasterCard
Several betting sites support esports betting with Mastercard. A few of these sites offer exclusive bonuses and credits on the first deposit you make on their platform.
These betting sites which support MasterCard, allow sports bettors to make deposits with either credit or debit cards. The MasterCard Debit cards are processed the same way credit cards are being processed. However, any player using a MasterCard Credit card needs to be careful not to incur any interest charges or debt they cannot cover.
The advantage of using the Mastercard debit card on Esport betting sites allows sports bettors to avoid bad debt that is difficult to repay. With a debit card, sports bettors can only access their savings or pre-loaded funds, and exceeding the available amount is impossible.
Therefore, it is advisable especially for new sports bettors to only make payments on e-sports betting sites using debit cards.
Furthermore, sports bettors must be careful to make deposits with the MasterCard payment system only on trusted betting sites. The risk of an insecure betting site is the potential of losing all your money to hacking and fraud, as your personal details such as your card number and pin can be used to access your account.
Usually, new sports bettors are required to create an account on esports betting sites before placing bets. However, before creating an account there are a few things to note.
Sports bettors must first identify a secure betting bookmaker, this can be known via their web address which must begin with âHTTPSâ. Identifying this is important as it guarantees that all information provided on the betting site is safe and cannot be used for fraudulent activities.
Next, sports bettors must ensure they have sufficient funds in their accounts. They must also ensure their bank allows the use of MasterCard for gambling purposes. This is important as it prevents the sports bettorâs bank account from being blocked by the financial institution.
Once these conditions are met, sports bettors can proceed to sign up on their betting sites of choice to enjoy the benefits and bonuses associated with Mastercard as a payment option.
To make deposits on esports betting sites using MasterCard, sports bettors must locate the cashier or banking section on the preferred gambling platform.
The banking section displays an array of payment options.
Esports betting sites with Visa, PayPal, Neteller, Pay safe and MasterCard are some of the most popular. Choosing the MasterCard option allows players to make secure deposits.
Once selected, a form where sports bettors can input their payment details securely is provided. This includes the name on the Debit or credit card, the card number, expiry date, and CVV number. The CVV number is a 3 digit security authentication code, available at the back of the MasterCard.
After adding all payment options, sports bettors must follow the prompts, and input the amount to be deposited. Upon completion, the funds are released instantly and credited to the betting account of the user.
21+ and physically present in VA only. Terms & Conditions apply. If you or someone you know has a gambling problem, please call, text or chat, VA Council on Problem Gambling on their confidential and toll free helpline at: 1-888-532-3500.
Here is a simple breakdown of how to make deposits on esports betting sites using MasterCard:
- Visit the esports betting sites to get started
- Click on "Deposit"
- Choose MasterCard from the list of deposit options provided
- Enter your credit card number, name, expiration date, and CVC
- To transfer money to your esports betting account, enter the amount you want to transfer
- Complete your transaction by following the prompts
There might be slight differences in these instructions based on which betting site you use, however, the process for depositing with MasterCard is generally the same. MasterCard deposits are processed instantly, without delay.
Withdrawal On Esport Betting Sites with MasterCard
Most betting sites allow the MasterCard details of sports bettors to be saved on the bookiesâ account. This feature allows the fast and easy withdrawal of winnings to sports bettorsâ accounts.
To make withdrawals, sports bettors must manually initiate payments from their esports betting account and the stated amount would be debited from the account and credited into the account linked to the MasterCard. Withdrawals take within 2 - 3 business days depending on the sports betting site used.
21+ and physically present in VA only. Terms & Conditions apply. If you or someone you know has a gambling problem, please call, text or chat, VA Council on Problem Gambling on their confidential and toll free helpline at: 1-888-532-3500.
These are the
online bookmakers with credit card
payments that accept MasterCard. Some of these betting sites accept either debit cards, credit cards, or both.
Bet365
The
Bet365 esports
betting site has its roots in the UK and is also available in over 200 countries across the globe. It features some of the best gambling sports games and Esports. This online esports betting comes with an excellent service for playing esports like CSGO, Dota, and League of Legends. Thereâs enough flexibility when it comes to payment on the Betting sites with the use of MasterCard, PayPal, and other payment platforms. For context, this sports betting app takes both credit and debit MasterCards for placing bets. It applies to almost all countries, save for those in the UK.
Betsson
Betsson is known for providing a different array of mafia, racing, sports, and esports games for betting. During our
Betsson reviews, we found the operator offers a large variety of e-sport betting markets for competitive events held for CSGO, Dota, and other upcoming titles where you get to watch live and place bets simultaneously. Its ability to accept a broad range of currencies like USD, EUR, SEK, and GBP makes it good for placing bets on a global scale anywhere in the world. And it syncs well with a payment method like MasterCard. As a pro tip, Betsson accepts both credit and debit cards for the MasterCard platform.
BetwayÂ
Betway provides exclusive betting on esports like CSGO, Dota 2, League of Legends, Call of Duty, and Overwatch. For context, Betway is fully immersed in the scene of CSGO and takes some of the best tournaments for these games. There is also a blend of innovative special bets and frequent odds boost any player can capitalize on when placing an esports bet on the platform. When it comes to making transactions (both deposits and withdrawals) you can make use of MasterCard debit and credit cards - much like you can at
esports betting sites with American Express.
betMGM
As a trusted
esports betting app, betMGM comes with top Esport gaming titles you place bets on and even watch live matches on. betMGM operates with a high level of security that ensures you get all your winnings accurately and not lose out on any deals. As a side note, you can place deposits on this betting site with a bank transfer method like MasterCard. The only snag comes from the fact that betMGM accepts MasterCard Credit cards only.
MasterCard does appear the best for making transactions on betting sites, however, you can consider a couple of platforms like;
PayPal
You won't have to look hard to find an
online bookmaker with PayPal. PayPal is a secure payment method that functions as an e-wallet allowing its users to make deposits and withdraw funds. It also assures its users of fast and secure transactions in the shortest amount of time, so why not enjoy some
SC2 betting with PayPal?
Neteller
Neteller is an online payment account sports bettors can employ to make deposits and withdrawals on their favorite esports betting sites. One has to link a Neteller account to a funding method such as a bank account to make seamless transactions.
Visa
Just like MasterCard, Visa links directly to a funding source such as a bank account that allows users to make transactions easily through the bank. This payment method offers both credit and debit card options to use on esports betting sites.
Crypto
A relative newcomer in comparison to MasterCard, cryptocurrency has become a popular alternative to traditional payment methods. If you're interested in checking out a trusted and reliable crypto provider, be sure to read our
Stake.com Bitcoin casino
review.
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Conclusion
Anyone looking to enjoy esports betting using MasterCard as a payment method should look towards the listed betting sites in this article. These betting sites allow you to place bets on games like League of Legends, Dota, Overwatch, and many other esports. Furthermore, with Mastercard, you can rest assured that your details are secure and you can enjoy prompt transactions and numerous bonuses on betting sites.
Frequently Asked QuestionsÂ
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Is it safe to deposit using MasterCard?
It is best to say that MasterCard is safe for making deposits on any betting site. It is important to note that all the listed betting sites have 128 Bit SSL encryption technology that keeps your financial information scrambled on entering your details. MasterCard is top on the list in terms of providing extra layers of security to guarantee safe deposits.Â
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Is esports betting legal?
Esports betting is absolutely legal, but will come down to the laws and regulations in your country. Therefore, if betting on sporting events is legal in your country, it can also be said for Esports. Each of the gambling sites mentioned on these pages is licensed and regulated by respectable agencies. However, before you register, ensure you are legally able to do so. In addition, the age of participation will probably be limited, usually to 18Â or 21.
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Does MasterCard charge transaction fees for deposits on betting charges?
Depending on the country, location, and betting sites, MasterCard charges transaction and currency conversion fees. However, the exact fee charged on your MasterCard depends on the betting operator and bank provider. The amount charged by your bank on such betting sites is known as cash advances and you need to speak with your bank to get more information on such betting fees.Â
âAre there alternatives for making payments for online gambling?
You may not feel comfortable entering your credit card information into an esports betting site, or your financial institution may not accept MasterCard for online gambling. Nevertheless, there are several other funding options for your esports betting account. The methods of payment may vary between bookmakers, but they usually include direct bank transfers and web wallets like
esports betting sites with Neteller
and online bookmakers with Skrill.
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