MasterCard is one of the most popular credit card and debit card providers in the world, a giant of the finance industry and a name that is recognized from the US to China and everywhere in between. It is also very popular here in Australia, where it is one of the main providers alongside Visa.

And as we all know, gambling is also hugely popular here in Australia, so what happens when you combine the two?

Using Your Credit Card or Debit Card

There are many different payment options on all online casinos, but few are as popular as credit cards and debit cards. Simply put, these methods should be (and are, to our knowledge) available everywhere. In most cases you can use MasterCard, Visa and American Express, but Switch, Discover and other popular brands also make an appearance.

To use your card to make a deposit, you simply need to open the Cashier and select the Debit/Credit Card option. As soon as you punch in your numbers, the system will detect which card type you use. With MasterCard you will be asked to supply the security code, which is the final three digits found on a strip on the back of the card, where the signature should go.

Unfortunately, not all casinos will allow you to withdraw using a credit card, but they all let you withdraw using a debit card.

Benefits of Using a MasterCard

These cards are highly compatible and accepted everywhere. They are also connected to your bank or credit account, which means you should be able to keep a close eye on the money that goes in and out of that account. What’s more, payments move very quickly through these banking options. Having to wait for your winnings is a frustration that all gamblers deal with, but it is an unnecessary one and one that you just won’t face if you use a MasterCard credit or debit card.

MasterCards are also very safe. Thanks to the use of security numbers and the extensive details on the card itself, there is very little risk for fraud. This is further backed up by the secure systems that the casinos and their third-party payment providers use.

Downsides of Using a MasterCard

There are few downsides to using a MasterCard debit card. These cards are linked to your bank account and therefore to everything you own (potentially), but they are safe and these days they all come with extensive anti-fraud measures, so there should be no issue in that regard.

There are a few more downsides concerning the use of credit cards though, the most notable of which is the fact that you may not be able to withdraw your winnings back to it. It’s great to be able to use credit to gamble with, paying it back before that credit is owed and before any interest accrues, but that is not always possible and you have to pay close attention to the online casino to make sure they allow this.

Withdrawing With a MasterCard Credit Card

As we have already mentioned, the majority of casinos will not let you use your credit card to make a withdrawal. They will let you deposit, but if you want to withdraw your winnings (assuming you have any winnings to withdraw) then you will need to add another payment method. This can be frustrating for a number of reasons. Not only will you have to dig around for another compatible payment method, but it means there will be no way of directly paying back the credit that you took from your card. If you are unable to do this quickly then you may incur interest charges.

Luckily, there are casinos that will let you use your MasterCard and other credit card to withdraw as well as to deposit. These include Jackpot City, a Microgaming casino that also offers a number of other payment options. What’s more, with Jackpot City we have heard very few reports of users being asked for their ID and utility bills before they get their winnings, which can be a frustrating and time-consuming process that no one wants to go through. 

Casinos That Dont Accept MasterCard

We said that all casinos allow the use of credit cards and debit cards in one form or another. However, we were not being entirely truthful and there are casinos out there that do not offer such options. These casinos are often aimed at US players, where online gambling has been restricted. It is available thanks to ever-present loopholes, but financial institutions, web wallets and other providers want no part in it. This is why those casinos tend to only deal in things like wire transfers and Western Union.

For an Australian player, there is no need to use these casinos and you can safely overlook them.