MasterCard casino system: deposit, withdrawal and limits
Despite the high commissions and low limits, most players prefer to make a deposit through bank cards of the MasterCard payment system. In many ways, their choice is due to the high security of the system and widespread use in online casinos. In addition, MasterCard cards are supported both in Russian institutions and in foreign ones. Should I use MasterCard when making a deposit? Let's try to figure it out.
Payment security with MasterCard
The high security of transactions is what users especially appreciate the MasterCard system for. It is really safe to replenish a gambling account in an online casino through Mastercard, at least from the side of the bank, because not only the bank, but also the online casino itself takes part in the crediting of funds. However, all transactions are encrypted, so attackers cannot "intercept" the money transfer. You will also not be able to top up your account without a confirmation code via SMS. In some cases, payment verification is performed through the bank's application.
Benefits of depositing via MasterCard
The popularity of MasterCard debit and credit cards as a deposit method is due to several reasons. Firstly, when paying with a MasterCard card, automatic currency conversion is supported at the official exchange rate, which is especially convenient when making a deposit at foreign online casinos. Secondly, users are captivated by the fact that if they win, money can be withdrawn from almost any ATM. Thirdly, as we have already said, all monetary transactions are encrypted, so it is much more difficult to hack a bank account than an electronic wallet. We would even say that it is impossible.
Another advantage of using MasterCard cards in a casino is that you can use them to make a deposit, and make a passive profit from the money won. The interest rate will depend on the conditions of the bank and the chosen currency. For example, on deposits in dollars, a rate of 3 to 7% per annum is offered.
Disadvantages of MasterCard in online casinos
There is no perfect payment system, so it is not surprising that there may be some disadvantages in paying with a MasterCard. For example, the main drawback is the extremely high commissions for deposits and withdrawals. If we compare MasterCard with other payment systems, then MasterCard is the leader in terms of commissions, which in turn often scares away players. Plus, when withdrawing funds from casinos, citizens of the Russian Federation will have to explain to the bank where the payment came from. And, finally, withdrawal to a Mastercard card for residents of some countries is simply prohibited.
Is it worth making a deposit via MasterCard
Making a deposit using this system or not making a deposit is everyone's business. In this matter, the main thing is to choose a reliable casino. Remember that in no case should you trust your money to an institution that operates without a license, offers fake slot machines and supports only a couple of payment methods. All of this indicates that the casino has either little experience or is completely fraudulent. Be carefull!