The Complete Overview of Mastercard Betting Sites

Mastercard logoMastercard is the second most popular credit card network in the United States and Europe, and the company processes transactions in over 210 countries and more than 150 currencies. Welcomed at the majority of online betting sites, Mastercard offers state of the art security measures to ensure your transactions are safe. In our overview of Mastercard, we cover all the basics such as depositing and withdrawing using the card in our handy step by step guide. We check out Mastercard betting sites and find out what limits the bookmakers impose as well as taking a brief look at the company’s history. If you are interested in Mastercard betting, you’ve come to the right place.

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To find the best Mastercard betting sites we have asked the same questions you will be asking. “what is the minimum amount I can deposit?”, “If I win, how long does it take to get my winnings?”, “Is there a maximum amount I can withdraw”, “If I use Mastercard, can I take advantage of the new customer bonuses that the bookmaker offers?” and many more. As avid bettors ourselves, we know what you are looking for, and all you need to know about betting sites that accept Mastercard will be covered on this page.

Essential Information for Every Punter

As with most things in life, an important consideration when choosing a payment method is one of cost. Will I get charged by the payment card provider or the online betting site when I deposit or make a withdrawal? A charge, no matter how small, can soon add up over a long period. Another consideration is how long it takes for the funds to clear in your account, this is the focus of our next section where we discover the good and the bad about using Mastercard at online betting sites.

Mastercard Fees and Processing Times

In this section, we compare the fees and processing time for both deposits and withdrawals at our four chosen betting sites that accept Mastercard. We have gone through the terms and conditions of each bookmaker to investigate what charges, if any, will be made. For the cash-conscious, we find the minimum amount you deposit, and we also have the high-rollers covered with the maximum deposits. We also include timescales, and you can see our results below;

Operator Processing Time Limits Min/Max Fees
Instant £10 – £99,999
1-3 banking days £3 – £25,000
Instant £5 – £20,000
1-5 banking days £5 – £20,000
Instant £5 – £20,000
1-5 banking days £5 – £20,000
Instant £10 – £99,999
1-3 banking days £5 – £25.000

As you can see from the table above, none of 888sport, Ladbrokes, William Hill or Paddy Power charged their customers to make deposits, the same was also true of making withdrawal requests at the bookmakers. Ladbrokes and Paddy Power have the lowest deposit amount if you are betting on a budget, they allow you to deposit just £5. None of the operators requires a deposit of more than £10. 888sport had the lowest withdrawal amount; you can withdraw just £3 and up to a maximum of £25,000.

The Pros and Cons of Using Betting Sites that Accept Mastercard

The pros of Mastercard betting are numerous and far outweigh the cons. For a starter, any transaction using your Mastercard is likely to be completed instantly and as you are entering your card details directly on the betting sites that accept Mastercard, it is not a two-stage process like it is with e-wallets such as Skrill or Neteller. The fact that the card has no fees attached is another big plus, and you’ll find no shortage of Mastercard gambling sites as it is accepted almost everywhere. You also have the reassurance that when using a credit card, the UK’s Consumer Credit Act of 2006 gives you protection in the unlikely event of anything going wrong.

A table listing the pros and cons of Mastercard

As you can see from the table above, the positives do outweigh the negatives but as with Visa, it’s not perfect.

Quite rightly, many people are concerned with who they share their financial information with and high-profile data breaches have occurred, and are likely to happen again, which can make you hesitant. The more companies who have your details, the risk, albeit small, increases. In the positives, we discussed the protection that using a credit card provides, this is reduced and, in some cases, gone altogether if you use a debit card. Processing times for withdrawals can take longer than other methods. The UK Gambling Commission is also believed to be considering banning the use of credit cards for online betting; this however is just a proposal at this time.

Depositing Funds with the Best Mastercard Betting Sites

Funding your sports betting account using either a Mastercard credit or debit account is easy to do and can be completed in seconds. And once you have registered your card with the bookmaker, the next time you bet, it will be even faster as your details are stored. You just need to enter the amount you wish to bet and enter your 3-digit CSV number than you can find on the back of your Mastercard. Let’s have a look at the three simple stages to making a deposit;

Step One: Log in to Your Bookmaker Account

Mastercard logo and log-in sign. If you already have an online sports betting site account, you first need to log-in. Once done, access the ‘My Account’ section, this can be called different things at different bookmakers, but they are all similar.

If you don’t already have a bookmaker account, now is a good time to sign-up with one. Every bookmaker you see on this site is licenced and regulated by the UK Gambling Commission, allowing you to bet with confidence.

Step Two: Select Credit or Debit Card

Mastercard logo with select card option. Once you logged into your account, you need to access the bookmaker’s banking options. There you will see opportunities to view your balance, transfer money from a sportsbook to a casino account, withdraw. You will also see an option to deposit, select that option. From the drop-down section, you will see a list of payment options. As we will be using a Mastercard, choose the option that says Credit/Debit card.

Step Three: Enter your Card Details

A tick sign next to add card option. All that is required now is to select ‘add new card’. If you are on a tablet or mobile device, some bookmakers, allow you to use the device’s camera to scan your card. This method is the quickest way to add a card as the fields will automatically populate, all you need to do is enter the three-digit CSV code that is located under the signature strip on your card.

If you are unable to use the scan facility, it’s still a straightforward process, complete the fields with your card number, expiry date, and the CSV code and select add card.

Withdraw Your Winnings – An Easy Process

The process to add this to the best Mastercard betting sites is a straightforward process and as all your card details are stored at the bookie, so is making a withdrawal from your account. The main thing to remember is that although making a payment is instant, after making a withdrawal request, it can take up to five working days for the funds to reach your account. During bank holidays, this could mean a wait of over a week. Let’s visit the steps you need to take to request your funds;

How to withdraw from Mastercard in three steps

As you’ve seen, requesting a withdrawal is a straightforward process and shouldn’t take more than a minute or so to complete. Log-In to your bookmaker account and select the banking section, then select the withdraw option. Your card details should already be present but if not, or you have more than one card linked with the bookie, there will be a drop-down menu for you to select the correct card that you deposited with. Confirm that the card details are correct and enter the amount you wish to withdraw, enter your password and press the withdraw button. It really is that easy, within 1-5 working days (depending on the bookmaker) the funds will available in your account that is linked to your Mastercard.

Security of Mastercard Gambling Sites

Mastercard differs from how rivals operate, and it is these differences that the company claim that makes their system more secure than anyone else. Visa operates a star-based system, and all transactions terminate at one of the Visa’s datacentres. Mastercard, however, uses an edge-based, peer-to-peer network that routes traffic to one of many endpoints. Meaning an isolated incident (power cut, natural disaster etc.) will not have a significant impact on the network. The company also have many customer compliance programs which preserve the integrity of the payment system, these include; System to Avoid Fraud Effectively (SAFE) Compliance, Member Alert to Control High-Risk Merchants (MATCH) and Global Merchant Audit Program (GMAP). The picture below shows other ways in which Mastercard keeps you secure.

Mastercard security features listed in a circle

A Short History of the Company

The Company at a Glance
Mastercard headquarters
Company Name Mastercard (mastercard)
Headquarters San Francisco, California, USA
Founded 1966
Parent Company Mastercard
Users 767 million
Revenue US $5.840B
Regulator Financial Conduct Authority

Mastercard’s origins began in 1966 when several regional bank card associations joined forces to create the Interbank Card Association (ICA). The company in 1969 released a new product called “Master Charge: The Interbank Card”. This became MasterCard in1997. The company’s merger with Europay International who was a sizeable credit-card issuer boosted the Mastercard’s position in 2002 and 2006 they changed their name to MasterCard Worldwide to emphasise the global acceptance of its payment system. By 2010, the company was focussing on the expanding e-commerce market as seen by their acquisition of DataCash, a payment processing and fraud/risk management company based in the UK. These acquisitions continued with the purchase of Pinpoint, a rewards program management company in 2014 and entered a deal with tech giant Apple to introduce a mobile wallet feature for iPhones in 2014. Recently, the company has entered new markets such as artificial intelligence and machine learning with the purchase of Brighterion.

The company’s net income rose to $801 million from $623 million, and net revenue rose 14 per cent to $2.42 billion. There are an estimated 191 million Mastercard credit cards in the United States and 576 million cards in the rest of the world.

How does Mastercard Compare to Other Alternatives?

In a crowded market that features such names as Apple Pay, Neteller, Skrill and paysafecard, Mastercard can ill afford to rest on its laurels. With this in mind, we compare Mastercard with it’s main e-wallet rivals PayPal.

If you want just one payment method that can be used at most sites, then Mastercard wins this round by a country mile. “Your flexible friend” was an advertising campaign by the Access credit card in the UK (Access became part of the Mastercard group in 1996) and that mantra still holds, as Mastercard is accepted almost everywhere. PayPal, partly due to the charges on the operators levied by PayPal, is not widely accepted. Another huge benefit of owning a Mastercard is that all promotions at online betting sites can be taken advantage of; this is not the case for PayPal.

PayPal does win if you want to keep your card details secure. With PayPal, you register your details once, and it is your PayPal details that you use at the bookmaker, not your card details, reducing the chances of your card details being misused. PayPal can also offer typical faster processing times; your winnings can be in your PayPal account in a matter of hours at some bookmakers, rather than days with MasterCard.

Mastercard vs PayPal a head-to-head comparison

Betting with Mastercard – Fast and Simple

Owning a Mastercard is almost a guarantee that you can use your funds at an online sports betting site. It’s fast, secure and easy to use and If you are also in the market for a new Mastercard provider, Paddy Power will issue you a card called the Cash Card Plus. This free pre-paid card is linked to your Paddy Power account and is free from charges (except for a 1% commission on foreign exchange transactions. The card can be used to withdraw money from cash machines or pay for face-to-face transactions.

Happy Mastercard customers
  • Sophisticated Fraud Detection
  • Fast and Secure Transactions
  • World-Wide Acceptance
eCograIBASLicensed by:

One of the biggest reasons to pick a credit card or debit card from either Mastercard or Visa for use at online sports betting sites, is due to the new customer bonuses you can claim. Many bookmakers exclude e-wallets from their promotional offers, but that isn’t the case with Mastercard and Visa. If you are interested in opening an account and taking advantage of the special offers, A full list of the bookmaker’s current offers can be found at our homepage.

Overall, Mastercard betting sites are fast and simple and is highly recommended.

FAQ

We love hearing your feedback and suggestions for our site, and if you have any questions regarding Mastercard gambling sites or any sports betting questions, you are welcome to drop us an email at info@bestbettingsites.uk.

Can I have more than one Mastercard credit/debit card registered with a Bookmaker?

Absolutely, you can add several credit cards, debit cards or a mixture of both, you can also have a mix of Mastercard and Visa cards. Please remember though that the card used to fund the account will be the same card that withdrawals are made to.

I have money in my Paddy Power account, but the ATM shows no balance with my Cash Card Plus!

We have contacted Paddy Power who have confirmed that it is a known problem. Even though your balance shows zero, you can still withdraw funds. They hope to resolve this issue soon.