MasterCard is a finance company established in the United States in 1966. MasterCard (MC for short) provides payment systems for banks and customers with credit cards and debit cards. In other words, contrary to popular belief, MC is not a credit card company: It is a company that provides electronic payment infrastructure only. If your credit card has the MasterCard logo that means your bank uses the system of MC for financial transactions. When you plug your card into an ATM or POS machine, it provides and manages the infrastructure that communicates with your bank account. MasterCard does not record your bank account information: It can only access this information when needed and approve or reject a payment. Interestingly, it is also a company founded by banks. Its biggest rival, VISA, was founded by Bank of America. The founders of MasterCard are California banks that appeal to VISA commissions and want to set up their own system.
MC is one of the largest financial companies in the world, and the annual average transaction volume is about $ 9,5 billion. This revenue comes only from commissions paid for providing the payment infrastructure and transaction security. It is one of the most widespread companies in the world and can be used literally anywhere. It is a very large group of companies and owns Maestro and Cirrus brands too. Credit cards and debit cards should come to mind when you hear MC: It is not an electronic wallet solution and needs a physical card. But recently, they started to develop innovative technologies like NFC, which allows making payments by using mobile phones. As a matter of fact, it is possible to use this feature in new models of iPhone and Android based phones. The company slogan is known throughout the world: “Priceless.”
“Everything” Means Online Casinos, Too
Since MC is one of the most common payment methods in the world, it can be easily used in all online casinos. If a casino accepts payment by credit card (which they all do), it also has MasterCard support. For the same reason, you can also use prepaid Maestro and Cirrus cards. Until Bitcoin becomes more popular as a payment method, this situation is not expected to change. For now and for years to come, you will be able to use MC on every online casino out there.
However, you should use this payment method very carefully. Unlike electronic wallet solutions, MC is a physical card and recorded in casino systems. Registration is only done once, you do not have to redo it with every transaction. However, in any case, this means you share your financial information with third parties. For this reason, it is necessary to choose places that can offer the highest level of security. Likewise, it is recommended that you use additional security measures such as SMS authorization and 3D Secure.
MC transactions take place instantaneously. However, according to the bank you use, there is an approval process. This process usually completes within a few hours, but in some cases, it can last for 2-3 days. As you will see below, you also have to pay some commission fees. If you use it with caution and take the necessary safety precautions, using MC is one of the easiest and most practical payment methods available. It is easy and enjoyable to play Mastercard online slots, but you should only choose reputable places.
Payment and Withdrawal Fees of MasterCard
MC commission fees are more than one. In fact, it is possible to say that there are 3 different commissions in total: Transaction fee, assessment fee, and service fee. You can find detailed information about these in the table below:
|Assessment||1.55% – 2.6%|
|Service||Varies according to bank|
|Transaction||0.12% – 0.13%|
A normal user pays a single transaction fee, but that fee includes all of these services. It is possible to say that an average of 3% deduction is made per transaction, even though it varies from bank to bank. Service commission is deducted monthly or annually and is different for each bank. (The annual average is around $ 40.) Other fees belong to MC, and you pay them for each transaction without your knowledge. These are included in your service fee which you pay to the bank, so you probably never notice them.
Almost All Casinos Accept MasterCard
As mentioned above, it is not a problem to find casinos that accept MC and play MasterCard slots or other games there. You can find this payment option at any casino. The problem is to find reliable casinos that accept MasterCard. For this, you can read our online casino reviews and find the best place for you. Security, especially financial security, is one of the most important topics for our review team. If we recommend a casino, that means it is as secure as banks in terms of security.