Encrypted Website
Secure Payments
100% tested
18+
  • English

Mastercard Casino Bank Guide for Canadians

MasterCard is an accepted mode of payment worldwide, which has been used globally for decades. In Canada, the number of gamblers is soaring, and as such, a preferred mode of payment that is safe, fast and efficient is necessary to facilitate it. The innovative and customer-focused nature of the gaming industry makes it easy these days to find online casinos that accept MasterCard. As a result of new technology money can be transferred digital with incredible speed and with a high level of security. This has allowed the gaming industry to flourish, resulting in more convenient, entertaining and diverse range of online casino experiences.

Using Mastercard for Online Casinos

MasterCard has a broad range of subscribers across every industry imaginable. The use of electronic forms of payment has transformed many transactions. The turnaround in the way the casinos handle their business has been particularly interesting. In the early 90’s every casino had to have its clientele walk and physically play the games for hard cash and chips. This resulted in huge amounts of notes and coins needing to be processed. Big casinos handled money in banks housed in them. Money has always been a sensitive issue, and fast forward to the 21st century, the same casinos have altered their business model to adapt to digital payment.

MasterCard is a technological invention that has made gambling more straightforward and secure. All a player has to do is to key in the long card number, followed by the security code that is on the back of the card, after deciding on the amount payable into their online account. Once these steps are complete, the balance amount in the casino account should be immediately adjusted accordingly. Within seconds a player can indulge in the games available using their online funds. Online casinos use complex security system to protect the integrity of their players’ financial information, and further protections are provided to the customer by the Mastercard organisation itself.

Getting a prepaid Mastercard card

Applying for a MasterCard is a hassle free affair with simple to follow instructions, after which you can start to make use of your card immediately. The first requirement is that you should have proper identification documents, such as a driving licence. Next, is to purchase a MasterCard from a qualified seller. It is highly significant because these cards attract fraudsters who are out to gather sensitive details. All that is left to do now is to register and activate. By calling the phone number on the packaging of the card, you activate it, and what is left is to add funds to it. You can either choose to do this at the point of purchase or from a trusted financial institution such as a bank. Alternatively, you can make online payments from the bank to the card. Once you are sure there are enough funds, you can proceed to play your desired game at an online casino.

Using Mastercard in Canada

MasterCard is used a lot in the gambling industry, especially by Canadian players because of the ease in accessing the funds. In online casinos, all that is required to play using the card is to key in the security code that is located on the back of the card. A one-time password is issued which is keyed in, and then the security code is entered to verify the transaction. After this, the operation is complete, and you can then proceed to use it in MasterCard casinos where it is acceptable. Loading funds from bank accounts can be time-consuming, but paying with the card is not.

Fees and Limits

MasterCard, like any other credit card, may bear some charges which are levied on transactions carried out by the player. The casino does not incur any costs on its part except in some cases where a withdrawal is made. A deposit made in Canadian dollars may be subject to conversion fees into the currency used at the time. In some instances, a gamer would be better off making payments that beat the minimum-deposit threshold which can drive the deposit cost up. Casinos give gamblers a minimum allowed deposit amount on their sites that can qualify them for a welcome bonus amount. A MasterCard deposit transaction can win a player free spins on some of the slot games in the casinos. Always be sure to check the terms and conditions.

Benefits and drawbacks of using Mastercard

There are numerous advantages to using MasterCard, as compared to other forms of payment. For a start, MasterCard casinos offer enticing welcome packages to players that pay using this method. Whether using it activates a cashback deal or a deposit bonus, any player is sure to enjoy its immense benefits. It is fast and instant, with payment processing taking only minutes before it is accessible for play. Another advantage of using this form of payment is that security is guaranteed. The layered security protocol that is followed to complete a transaction prevents illegally breaching and access of the funds in the card. It is a feature that ensures that the payments are authorized effectively. Additionally, MasterCard offers rewards and incentives to frequent users of the card, for example discounts on consumer goods, trips and vacations.

Using a MasterCard can have disadvantages which can create issues. One such drawback is the speed of withdrawing money. To use the card, it is necessary to load funds onto it. The safest channel to use in doing so is the bank. Banks are considered as the most reliable financial institutions because of the scrutiny that is carried out before approving a transaction. Loading funds from some banks can take days. It is, therefore, advisable for a player to do this in advance. This prevents last minute cash flow problems interrupting you during your favorite game. It can also occasionally be time consuming to withdraw funds to the MasterCard from a casino. While accredited mastercard Casinos Canada can be relied on to pay out, the administrative and security protocols occasionally mean players do not receive their winnings as quickly as they would like to.

MasterCard Online Casinos Review

MasterCard is a very efficient form of payment. The amounts instantaneously reflect on the online casino account allowing for more participation in the game. Welcome packages are on offer to reward players who pay using MasterCard. The high level of security and reliability is internationally recognized. The card cannot be used by an unauthorized third party because the details are unique only to the owner. The only point of contention has been how the withdrawals are handled. It is a very quick process to deposit funds, but withdrawing can be a rather lagging affair. It can take more than two days for players to access their winnings.

Mastercard FAQ

Does MasterCard Allow Online Gambling?

MasterCard allows gaming and has added protocols to encourage responsible behaviour. Players using this card will need to separate the amount in the primary bank account from that which is used in wagering. It is a form of self-regulation that prevents gamers from running through their savings and ruining themselves financially.

Is It Accepted At Most Casinos?

MasterCard is a conventional transaction method that has been in use for decades globally. Casinos that are well established in the industry have accepted it for years. It is also widely accepted by newer online casinos who recognize MasterCard as a safe and reliable payment form. Many regular gamer use MasterCard as their primary payment method.

How Fast Are The Online Transactions?

Once loaded with funds, the amounts can be channeled effectively to the casino of choice in an instant. There is very little waiting time, if any, between an authorized deposit and playing your favorite game. A set amount is guaranteed to reflect on the overall online casino balance, allowing you to follow your momentum and continue playing.

Is It a Safe Means of Payment To Use?

MasterCard is undoubtedly one of the masters of online money transfer security. Strict adherence to a transaction process is the only way to access funds. If these are not followed the card can easily be blocked. From monitoring spending habits to a verification process, MasterCard is vigilant in protecting customers’ security. The company also has a refund policy for fraudulent transactions under certain circumstances.

Are There Any Fees Involved?

There are small costs associated with using MasterCard. For every transaction, be it a deposit or withdrawal, a small fee is levied. A good thing, however, is that casinos do not charge a cent for making deposits, which would otherwise balloon the price of playing in them. Please note however that interest that is charged for not paying bills on time.

Casinoguides.ca Is an Excellent Review Site

Casinoguides.ca is a fabulous review site because of the analysis and evaluation presented on online casinos. It offers interesting and important information for everybody from amateurs to seasoned gamblers. It reports on emerging trends in the casino industry and gives critical updates on the costs, rewards and games available across different casinos.

Introduction to Casino Payments

One of the very important features of any online casino is the payment and withdrawal options that it offers to its players. The number of options available can confuse a newbie, so to help you choose the best deposit or withdrawal method for you, we have reviewed some most popular casino payment/withdrawal methods. A payment guide for online casinos will always give a wire transfer as a payment method among others. A wire transfer is fast and easy, simple to perform and most casinos accept these.

The best online casinos are always exciting and they try and accommodate their different customers by providing a host of payment options. A payment guide will also tell you that Prepaid cards are another payment system used by online casinos. These cards include Ecocard, Neteller, Mastercard VISA and others. These cards are a popular choice because you can use them for other things such as shopping besides gambling online. Making a deposit to your online casino account with these cards comes with the benefits of any credit card and deposits will happen instantly. Because these cards are in cahoots with Visa or Mastercard, they can be used anywhere.

Different Deposit and Payment Methods

With an online casino payment guide, you will notice that payment methods such as Echeck and Ecopayz are used as well. They are a safe way to make online payments. With a payment method such as Echeck Ecopayz, you will notice that there are also other benefits such as registration being free when opening your account. You do not need to have a bank account and transaction fees are also low with funds being transferred into your ecoPayz account immediately. These payment methods are similar to bank accounts and are completely safe.

Entropay is licensed for operations with e-wallets for their online casino customers and a casino payment guide will reveal Entropay is well used by online casinos. Fortunately, there are many casinos accepting this payment method. This payment option was introduced in the year 2003 as a prepaid virtual Visa card. It is well known and accepted in more than 170 countries of the world. Apart from gambling online, you can make online purchases and also perform transactions without having to disclose information about bank and card details, thus being completely sure of your information remaining private.

Credit Cards

Credit cards are one of the most popular payment methods at online casinos according to any payment guide and a quality payment guide will tell you that you can use them to make safe, fast payments at online casinos. When you look at iDebit, for instance – it is a secure online payment method and lets you make payments directly from your online banking account. You simply sign up with your credit card, log into your bank with the same online banking user-name and password and you’re ready to go.You can also use Maestro to make purchases securely. Maestro makes use of the latest card security technology. It is quick and easy – you just insert your card, enter your pin and you are ready to go and you can even use your card when you’re abroad.

Skrill

A payment guide will tell you that Skrill started as Moneybookers electronic wallet in 2001. The name changed to Skrill and was acquired by Paysafe. Skrill is authorised by the Financial Conduct Authority, operating in no less than 200 countries. Open an account with Skrill and receive your login particulars to fund your account.

Gamblers love the live casinos offer and casinos have responded by ensuring that they offer all the different casino payments as suggested in a reputable casino payment guide. Once you’ve found a fantastic online casino, it goes without saying that the next step is to find the best online casino payment options to transfer your funds. These payment guides will tell you which payment options are acceptable according to your personal banking needs. You never have to be wary of transferring funds online because these guides have done all the research for you and recommend casino payment options that are as safe as houses to use.

A payment guide will tell you that while most of the online casinos are completely safe and enormously fun, there are always those bad apples that spoil it for everyone. Rogue gambling sites do happen and they’re to be avoided at all costs. If you’re wondering how, then these guides for payment options will list casinos who have issues with paying players what is rightfully theirs. It is up to players to do research with any casino and their payment options before signing up with them. Skrill is one of the safe options and it can be used for deposits and withdrawals at online casinos.

PayPal

PayPal is a hugely popular payment method and a payment guide always lists PayPal for use at online casinos because it is a secure way to send and receive money online. With a solid track record, PayPal is a leading online e-wallet solution, working with no less than 25 different currencies and also in more than 180 countries worldwide.

A casino payment guide will tell you that you can trust PayPal as it is selective, dealing only with online casinos that have a gambling licence in the country where you want to play. It is just one of the signs that you’re dealing with a reputable online casino. Opening a PayPal account is also simply straightforward and all you basically need to get going is a valid email address. Always do research because there are things such as minimum deposits where you’ll be asked to deposit a minimum amount of anything between $10-$25.

All the best, most reliable, registered, regulated and reputable online casinos accept PayPal for withdrawals and deposits. A payment guide will tell you to always check the small print before signing up with any casino and going ahead with their payment options. An important aspect with any payment option is speed and convenience, and with PayPal it is one of the faster payment alternatives. Some of the largest online casinos where you’ll find PayPal are Casino Tropez, Paddy Power and Betfair among others and with a casino such as Betfair, cashouts are within 24 hours.

Neteller

Neteller is an excellent banking option according to any online casino payment guide. It is trustworthy and respected, and as an electronic banking method, it is also fast and easy. It was created in Canada in 1999 and is registered with the British Financial Services Authority, abiding by their legislation. It means that Neteller keeps the funds of customers in trust accounts, providing casino players with an excellent sense of security.

With a casino payment guide, you’ll discover how to use any payment options to make a casino deposit. When choosing any one of these many banking methods, there are always some things that you need to take into consideration such as the particular method you choose for your casino deposits, the reliability of the method including how easy the method is to use. The best casinos make use of special encryption methods to ensure the safety of your personal information.

A payment guide for online casinos will guide you on the right way to ensure that all your personal, as well as financial information, is always safe and confidential and that your payment methods can’t be tampered with. Credit cards, e-wallets, debit cards, pre-paid cards, bank transfers, wire transfers – you name it – the most important thing is to ensure that you choose a registered, regulated online casino in the first place.

Bank Transfer

A payment guide will always mention a bank transfer allowing customers with Amex and Mastercard to pay for online purchases using their Internet banking facility. Customers will initiate a bank transfer through online banking or tele-banking as examples. This type of payment is made at the initiative of the customers and payment is sent to the bank account of the seller. Bank transfers are safe and have no reversal risk and banks are allowing customers to initiate bank transfers online.

Summary

There are many options for gamblers all over the world to make safe banking methods. A payment guide is full of useful information on online casino payment methods regarding the Paysafecard, PayPal, Neteller and other payment methods, and a casino bank guide is important because it ensures that your monetary journey with any reputable online casino is fast, easy, convenient, accurate and safe. There is always a casino with the payment option you want to use and the payment guide, when chosen carefully, can be all you need to know precisely what currency to use, how to use it and what bonuses exist so that you can always be sure that your carefree, fun gambling experience remains exactly like that year after year.