Recently updated on January 24th, 2023 at 03:13 pm
Best Mastercard Casinos in Canada 2023 & Guide
Having a rich and diverse offer of payment methods is a must for every online casino. It’s a well-known fact that different players have different preferences when making payments at online casinos. Some go for the traditional ones like Credit/Debit cards and Bank transfers, while others go for e-wallets, crypto deposits or payment via mobile.
But some payment providers are more popular than others, including Credit/Debit Cards. The most popular cards for making deposits and withdrawals at online casinos are Visa and Mastercard.
We already discussed Visa in a previous article and will focus on Mastercard here. It is the younger sibling of Visa, which enjoys great popularity among online players. We will explain everything about Mastercard and focus on casinos that offer this payment method.
Our 20 Top Recommended Canadian Mastercard Casinos 2023
In this section, you can find a list of the best Mastercard casinos. Our team of casino experts works around the clock to find the best casinos in the industry and add them to our top lists. The ones we list are considered highly reputable, licensed in several jurisdictions, and with a top-notch bonus offer for all players. In addition, at our recommended casinos, you can often enjoy exclusive promos for all our site users. This is why using our link and creating an account is a good idea.
History of MasterCard
The birth of Mastercard dates back to 1966. This was the year the Interbank Card Association was formed. This association was brought on as a direct response to Bank Americard, which would later become Visa. In 1969 they created a new national brand under the name Master Charge. This is when the recognizable Mastercard logo was designed, the two overlapping yellow and orange circles. Later on this logo would become a well-known brand all around the world.
The same year the Interbank family was joined by the First National City Bank. This allowed for the merger of their Everything Card with Master Charge. In 1979 the association was renamed to Mastercard. Over the next decade the company continued to grow. In 1983 they were the first bank to add a hologram to their card security.
In 2002 a merger was made with Europay International. In 2006 the company changed its name to Mastercard Worldwide, showing their clear intentions for worldwide expansion. Over the next years they acquired more companies and in January 2019 they removed the Mastercard name from their logo, continuing only with the two recognizable circles.
Why Use Mastercard?
Mastercard and other Credit/debit cards for that matter are so popular among players simply because they are very easy to use on real money casinos. If you get paid via a bank you must have a card issued to your name so you can cash out on the ATM. To make a deposit at an online casino all you need to do is enter the details from your card. The money is instantly added to your account and you can start playing the casino games right away. The process is very simple and you avoid unnecessary hassles from using other payment methods.
How to Use Mastercard For Online Casino Deposits
The process from depositing money from your Mastercard to the casino and playing the games is very easy and shouldn’t take more than a minute. Below you will find a detailed tutorial on the steps you need to take. Just follow them and you will be ready to play the games.
- Go to Online Casinos. Choose a Casino Site that fits you, create an account, and log in. Once you click on the casino link from our site, simply hit the Sign Up button to create an account. After that you can make a deposit and play.
2. Click on the Deposit button. Once you enter the casino locate the deposit button to proceed.
3. Choose MasterCard as a payment method. You will easily see the MasterCard logo from the many deposit methods.
4. Enter your card details. To proceed with your deposit, enter the details from your card.
5. Choose how much you want to deposit. Enter the amount you want to deposit or simply click on one of the predetermined values.
6. Confirm. Confirm that you want to proceed with the deposit and once the transaction is completed the funds will appear on your account.
When you’re ready to make a withdrawal from your account all you need to do is follow these steps.
- Locate the Withdraw button. Click on the Withdrawal button to start the process.
2. Choose MasterCard. After that simply enter the amount you want to cash out.
3. Confirm the transaction. Once you’re ready to withdraw simply confirm the transaction.
Other Details About MasterCard
In general that’s all there is to know about MasterCard. But when it comes to deposits and withdrawals at online casinos there are a few more issues we need to address. Keep on reading to see what they are.
The internet age brought with it a lot of concerns about sharing your card details online. But don’t worry, online casinos are not like a shopping site with a low level of protection. In fact, MasterCard is considered to be a very safe provider for monetary transactions at online casinos. The reason for this is simple.
You share your card details only with the casino. Their site is secured by a 128 bit SSL Encryption Protocol, the same one used by banks. So there is no way that someone from the outside will get a hold of your card details. No card details are shared over your email, thus bringing the risk to 0. Furthermore, the casino license ensures that the operator will never take money from your MasterCard without your consent.
Compared to e-wallets the withdrawal speed to MasterCard is slower. But today the withdrawals are processed to your card much faster than they were in the past. Depending on the bank and the country you are playing for you can get your winnings anywhere from a few hours to a few days at the most. So if you don’t mind waiting a bit to get your payout, Master Card is the way to go.
Most online casinos remove any kind of fees when it comes to deposits and withdrawals, regardless of the payment method you are using. Still there are some casinos that impose a 2.5% fee on all MasterCard deposits and withdrawals. This may seem small but over time the fees add up. But if you are thinking to move to some other payment method to avoid these fees you have to realize something.
Providers like e-wallets have their own fees for depositing and withdrawing money from your account. So when you compare those fees to the ones imposed on MasterCard, you will see that they are considerably higher. In the end it’s better to pay a 2.5% fee to MasterCard, than a 7% for funding and withdrawing money from your e-wallet.
Alternative Payment Methods
We already mentioned that online casinos offer a plethora of other payment methods to choose from. If you’re not happy with what Master Card has to offer you can easily find Visa Casinos and other providers. You can go for popular e-wallets like the Canadian Interac or PayPal, . Here the transfer of funds is instant and you will receive your winnings the same second when they are released from the casino. You can also make deposits and withdrawals by using crypto currencies like Bitcoin. Some casinos allow you to deposit via your phone bill, by using your phone credit or add the deposit to your monthly phone bill. In the end it’s up to you to choose which payment method suits you the most.
How to Choose The Best MasterCard Online Casinos?
As we mentioned earlier we have a team of casino experts that have been testing and playing online casinos for around 20 years now. So they use a lot of time to find & test the best Mastercard casinos in the industry. Thanks to their hard work you can be sure that all of our recommended casinos are reputable ones and you will have no problems playing there. But if you come across a casino outside from our site here are a few pointers to follow and make sure that it’s a reputable one.
Variety of payment methods. All reputable online casinos have a big number of payment providers in stock. They want to reach and cater to the needs of as many players as possible. If you run into a casino with only a few providers available, make sure it satisfies the rest of our criteria.
Operating License. All legitimate online casinos must have a valid operating license. This is easily checked by looking for the logo of popular licensors like the MGA and UKGC.
Fast payouts. If a casino promotes fast payouts processed in a matter of hours you can be sure that it’s a reputable casino. Rogue brands will try to stall the withdrawal process for as long as possible, tricking you into reversing your withdrawal and losing your balance.
Attractive bonus promotions. A good indicator about the fairness of a casino is their bonus promos. If they come with clear and favorable terms you are playing at a legit casino.
24/7 support. All reputable brands do everything they can to help their players at all times. If the casino lacks support you are probably looking at a rogue brand.
Rich offer of casino games. All reputable brands aim to offer their players a rich portfolio of casino games. You will easily find the top titles from the leading providers in the industry, as well as a number of smaller companies.
Is MasterCard a popular payment method?
Yes, MasterCard is used daily by millions of players across online casinos. It’s simple to use and is a highly reliable payment method.
Can I use my MasterCard funds for online gambling?
Usually yes, the only issue can arise if your bank has a block on your MasterCard for online shopping. You need to check this first if you run into any issues.
Can I use MasterCard to fund my e-wallet?
This depends on the e-wallet you are using. With the latest changes to Neteller and Skrill for example, you can fund your account with MasterCard. But you can use these funds only for payments to another account or withdrawing them to your bank account. You can’t use them for depositing at online casinos.
What are the deposit and withdrawal limits for MasterCard?
Every casino has different rules. In most cases the minimum you can deposit is $10, while the minimum you can withdraw is $20.
How is MasterCard rated compared to other cards?
After Visa, MasterCard is considered to be the most popular one.
Do all online casinos accept MasterCard?
Again, it depends on the casino in question. But yes, most online casinos today allow for MasterCard to be used as a deposit and withdrawal method