Mastercard Betting Sites – An Full Overview
Mastercard is a globally recognised brand and is accepted in virtually every country in the world. In our review, we explore the pros and cons of using this well-known payment method. We investigate what security the card offers to keep your funds safe, what charges if any you could face when using Mastercard and how long it takes to deposit and withdraw funds. We will let you know which are the Mastercard betting sites worth visiting.
The Best Betting Sites That Accept Mastercard
Our first section presents what we consider to be the top five Mastercard betting sites that we have used. We have checked all the legal operators in the UK and have rated them on how easy it is to use the payment method at the bookmaker. Welcome bonuses, transaction times and odd levels are all compared.
|Mastercard Bookmaker||Welcome Bonus||Min. Deposit||Max. Deposit||Odds Levels||Website|
|888sport||£30 Bonus With £10 Bet||£10||£10,000||Up to 94.87%||Visit Site!|
|Full T&Cs apply. New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply & Full T&C’s apply|
|NetBet||£30 Bonus In Free Bets||£10||£20,000||Up to 95%||Visit Site!|
|Full T&Cs apply. Customers will be awarded £15 in free bets and £15 in free spins for casino and Vegas. New customers only. Free bets valid for 3 days. Free spins valid for 7 days. 18+|
|Ladbrokes||£20 Bonus Free Bet||£5||£99,999||Up to 98%||Visit Site!|
|Full T&Cs apply. 18+ New UK+IRE customers only. PayPal and certain deposit types excluded. Min £5 bet within 14 days of account registration at min odds 1/2 = 4 x £5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply.|
|Grosvenor Sports||x2 Odds On First Bet||£10||No Limit||Up to 94%||Visit Site!|
|Full T&Cs apply. Offer applies to Sport bets only. Maximum total stake is £10. Each way bets are a maximum of £5 each way (£10 total stake). Exclusive to new members. 18+|
For high rollers, Mastercard offers some of the highest maximum deposit limits of all the payment methods available. At the other end of the spectrum they also provide some of the lowest deposit requirements, as little as £5 at some sites. One way to boost your bankroll is to take advantage of welcome offers that the bookmakers offer, we have collated these deals in the table above.
How Do I Use Mastercard for Betting Online?
Using Mastercard to top up a sports betting account, as you’ll see, is a simple and straightforward process. Once you have registered your card details with the bookmaker, it will be stored securely, so you only need to complete this process once. We outline the steps you need to complete in the picture below;
- Step 1At the sports betting site enter your Mastercard details
- Step 2Select the deposit option at the bookmaker you wish to use
- Step 3Enter the amount you want to gamble with and confirm
Some payment methods, Neteller for example, require you to set up a separate account which not only takes time but also means you have yet another user name and password to remember. That’s not the case with this payment method which means you can deposit at the best Mastercard betting sites in a matter of seconds.
Depositing at Betting Sites that Accept Mastercard
Once you have registered your card details at a bookmaker, depositing at betting sites that accept Mastercard is an easy process. It doesn’t differ much from the method that you would use to make any online purchase with your card. The only prerequisite before you deposit is ensuring you have enough funds in your account to cover the amount.
- Go to Cashier At your online sports betting site, go to the cashier section and select add funds/deposit.[1/3]
- Enter Card Details Select Mastercard from the list of available payment options and enter the card number on the front of the card.[2/3]
- Confirm Payment Now you’ll need to enter the expiry date of your card, the 3-digit number, and the amount you wish to deposit. Finally, check the details you have entered, which will be shown on the screen and press confirm to complete.[3/3]
As you have seen in this review, it is a natural process to deposit, and at some bookmakers, it is even quicker as they ask you to register your card details when you open up your account. This practise is becoming more common as tightening regulations require the bookie to confirm your identity. If that is the case, all you’ll need to enter is the amount you wish to deposit and the three-digit CSV number that you’ll find on the back of your card.
How to Withdraw Your Winnings with This Payment Method
We’ve seen that it’s a straightforward task to deposit funds. It’s also simple to withdraw your winnings at the best Mastercard betting sites. And because the bookmaker stores your card details, there is no requirement to type all your information again. The process is almost the same as depositing, with many of the steps being the same.
You need to log-in to your sports betting site and access the cashier section. This time select withdraw and when prompted, select your Mastercard that will be shown. All that is left to do is enter the amount you wish to withdraw and enter your password and confirm.
Mastercard Fees at Online Betting Sites
It’s so far, so good when using Mastercard at betting sites. It is easy to deposit and withdraw and the good news continues since none of our featured bookmakers will charge you for either depositing or withdrawing funds. This fact alone should make a compelling case for you to consider Mastercard betting.
As there are no fees imposed by the online betting sites for using this payment method, Mastercard has an advantage over other payment methods such as Skrill which does have charges. Although betting sites don’t charge for Skrill, it costs on average £5 to transfer funds to your account. £5 doesn’t sound a lot, but it is better in your pocket than someone else’s!
Advantages of Gambling with Mastercard
In the next section, the review a look at what we believe are the top three advantages of Mastercard gambling and why? We explore what puts this payment method above the many other options that are available to you and why you should consider using Mastercard at online sports betting sites. This information will help you decide if it is the right payment method for you to use.
Eligible for All Promotions
Given a choice between placing a bet at a high street bookmaker or using an online company, we would choose online! Why? Simply because you can pick up some great value welcome bonuses online. However, you may be surprised to know that by using some payment methods you will be ineligible for these special deals. E-wallets such as Skrill, Neteller and even PayPal are often excluded from these offers. You’ll have no such worries when using Mastercard, which is a huge positive.
Free to Use at Bookmakers
As we covered in our fees section, none of the bookmakers that we feature will make any charges for either depositing funds or withdrawing winnings when using Mastercard. No-one likes paying money in fees, especially if you don’t need to, so using this payment method will ensure that you keep as much of your winnings as possible and stop you lining someone else’s pocket when depositing at the best Mastercard sites.
Can be Used at Every Bookmaker
Having a payment method that is widely accepted is a must for both casual and serious punters. It can be very frustrating if you have an account with a payment provider but find that it is not accepted at an online betting site that you use. Having a Mastercard eliminates these worries as it is accepted at all of our featured sites.
- Eligible for All Promotions
- Accepted at All Bookmakers
- Safe and Secure
- No Charges to Use
- Not Instant Withdrawals
- Need to Share Card Details
- Less Protection on Debit Card
- Possible Future Regulation
Disadvantages of Gambling with Mastercard
It would be great if we were able to say that there are absolutely no negatives at all when Mastercard gambling, but as with all the payment methods we have reviewed, there are always negatives. Whether these issues are just a minor irritation or become a bigger problem will depend on your circumstances. Here are what we consider the disadvantages of betting sites that accept Mastercard.
Mastercard Withdrawal Times
We all like a level playing field, and when conditions apply to us, we expect them to apply to others. However, with withdrawal times with Mastercard and other payment methods, it feels very much like “one rule for the customer and another rule for the bookmaker”. When we deposit at sports betting sites, the money is taken instantly from our accounts; however, when we request our winnings it can take days or even a week or two.
Requirement to Share Financial Details
It seems like there isn’t a day that goes past without news of another compromise of security. Even some of the most famous companies in the world have suffered data breaches, some have also involved leaking of credit card details to fraudsters. And while the chances of being affected are very low, especially as a Mastercard bookmaker has military-grade encryption, it is understandable that some people are reluctant to share their card details.
Legality and Safety at Mastercard Bookmakers
An online site can offer generous promotions, the best odds and excellent customer care, but all these are worthless if the bookmaker doesn’t keep both you and your funds safe and secure. As all our recommended operators are licensed and regulated by the UK Gambling Commission, they are 100% legal and must adhere to strict safety protocols.
They add another layer to this safety with their internal fraud detection measures. You are likely to see this in action when you first use your card at a Mastercard betting site; two-step authentication will ask you to confirm the transaction by entering a unique code on your mobile. Mastercard credit card users also benefit from protection from the Consumer Credit Act, which will refund funds if you are a victim of fraud.
The History of Mastercard and Info About the Company
Mastercard’s origins can be traced back to 1966 when several bank card associations came together to form the Interbank Card Association (ICA). Releasing a product in 1969 called “Master Charge”, this became Mastercard in 1997. It was the merger with the payment provider Europay in 2002 that lead to it becoming known outside America and in 2006 they changed their name to MasterCard Worldwide to reflect this.
|Company Name:||Mastercard (mastercard)|
|Headquarters:||San Francisco, California, USA|
|Regulator:||Financial Conduct Authority|
Mastercard growth has seen them become the second most popular credit card network in Europe and the United States. It is this growth that means you’ll have no issues finding a Mastercard bookmaker. In the United States there are over 191 million cards in circulation with a further 576 million cards in the rest of the world. The company is showing growth financially with Mastercard’s net revenue rising 14% to $2.42 billion, which represents a net income figure of $801 million.
Alternatives to This Payment Method
You should by now have a good understanding of Mastercard and Mastercard betting sites, and hopefully, our review has helped you decide if this payment method is a good fit for you. We always like to give our visitors options, so in this section, we offer two alternatives.
A downside of Mastercard, we felt, was sharing your card details. You can avoid this by using another payment method. PayPal, for example, allows you to place funds into your sports betting account by using your internet banking with a service called Trustly, at no point are your card or bank details shared. Skrill is also a popular alternative for punters as it means you share your details just once and you then can use your Skrill details instead. A slight downside is there are fewer Skrill bookmakers than there are Mastercard betting sites.
Conclusion: Is Mastercard Recommended?
Betting sites that accept Mastercard are numerous, meaning this payment method gives you a wide range of choice. This is especially useful if you are looking to take advantage of the bookies’ new customer offers. Speed of depositing is unrivalled, and funds will be available to use instantly. As we have discussed, there are no charges when using Mastercard at any of our recommended operators.
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There are a few minor niggles, though. Despite many of us using debit and credit cards online weekly, entering card details at the best betting sites worries some people, possibly due to the nature of the payment. In our experience, these sites are more secure than other retail sites, but we can understand the concerns. Timescales on withdrawals could also be faster; some bookmakers impose a “cooling off” period before they process the transaction which can delay your winnings. However, we feel the pros of using Mastercard outweigh these, and we recommend Mastercard for sports betting.
Frequently Asked Questions
We aimed to bring you the most comprehensive guide to using Mastercard for betting online and to help us provide this we have checked the internet to find out what questions are being asked. Below are the top three questions that are being raised and the answers to these queries.
Can I use Mastercard Credit Cards at Sports Betting Sites?
You certainly can, it is the second most popular card in the UK, and you can use both Mastercard credit and debit cards at all online sports betting sites. If you want to use it to bet online, check our list of top betting sites that accept Mastercard.
How Long Until I Receive Winnings With Mastercard?
The length of time taken to withdraw with Mastercard does depend on the sports betting site you use. Although a typical average is 3-5 working days, remember, as it is working days, bank holidays and weekends will impact this. Some bookmakers also impose a “cooling-off period”, usually a day, in case you change your mind.
What are the Charges for Depositing with Mastercard?
The vast majority of online betting sites do not impose any fees for depositing or withdrawing funds. Some Mastercard card providers, however, may consider a payment made to a bookmaker as a cash advance and could impose charges. We recommend you check with your card issuer before using to be completely sure.