If you’ve ever bought something online, there’s a great chance you used your Mastercard. One of the world’s biggest payment systems, it’s available in nearly any country. The credit/debit card payment system allows everyone to pay online for products and services and is one of the default payment methods to use in casinos as well.
Mastercard’s popularity has soared since it was first introduced to casino sites in the early 2000s. It was initially an alternative to slow bank transfers with reasonable limits and instant transaction times. At the same time, Mastercard also managed to maintain a high level security, mostly because of its partnership with key banks around the world.
Today, it’s one of the default payment methods at online casinos in Canada. It’s harder to find a casino that doesn’t accept the credit card than without it. The payment system has solutions for everyone – beginners can use their debit Mastercards, while high rollers will benefit from the credit it offers.
With an impressive reach and hundreds of accepted currencies, it’s the pick of thousands of players. In this guide to Mastercard casinos in Canada, we’ll show you why it’s a good option.
Not all casinos are great, and the industry can’t weed them all out in an instant. For each casino that does everything right, there’s a rogue one you need to stay away from. We’ve blacklisted the casinos below due to their unethical practices, unfair bonus terms, and a bad reputation among players.
Cool Cat Casino
High wagering requirement
Failed payouts
Rigged games
Ruby Red Casino
High wagering requirement
Failed payouts
Rigged games
Captain Jack Casino
High wagering requirement
Failed payouts
Rigged games
Mastercard at a glance
Positive
Available as a debit and credit card
Big company with decades of experience and a top reputation for online purchases
Fast transfers with low to no fees
Customizable limits suitable for new and seasoned players
Negatives
Credit cards are linked to increased rates of problem gambling
Withdrawals could and should be faster
Company Overview
Company name
Mastercard
Type
Public company
Founded
1979
Solution type
Debit card, credit card
Headquarters
Purchase, New York, USA
Key markets
Canada
Website
www.mastercard.com
Advantages of using Mastercard for online gambling
There’s something very convenient in knowing that you’re playing with a major payment system at online casinos in Canada. It’s easy to use, as safe as it gets, and thanks to the brand, you can rest assured your money will arrive at its destination. Let’s check out a few other advantages of using Mastercard for online gambling.
Bank-level security
Since Mastercard is only issued by big banks, it’s always linked to bank accounts. Whether you’re using a debit or credit card, it must be linked to banks, and thanks to that, the security is almost impenetrable. Even if your card is stolen, you can report it over the phone or email and have it blocked immediately.
Credit on the go
If you’re using your Mastercard credit card, you have credit on the go. It’s very convenient to borrow money that way from your bank by simply going over the limit. Of course, it would be best to set a limit either in the casino or with your bank so you’re not compelled to spend loads of money by chasing your losses and playing irresponsibly.
Widely available
Mastercard is one of the world’s leading payment brands. It’s available in all countries around the world and accepted at nearly all merchants and casino sites. It’s hard to find a business that doesn’t accept it.
No fees
Using Mastercard itself is free. No fees will be charged when you deposit money to your casino account, although you should check if your bank charges fees on casino deposits.
Note: casino deposits are irreversible. That’s because of anti-money laundering policies, so make sure to review each transaction before you click the Deposit button.
Disadvantages of Mastercard
While the pros of using Mastercard at online casinos outweigh the cons, you should be aware that it’s not perfect. There are a few slight cons that may make or break your experience.
A pathway to problem gambling
It might be a bit too tough to call it a gateway to problem gambling, but unlimited use of credit cards can be a problem. When you have money available like that, you may be under pressure to spend more, and over time, that can turn into a problem.
Slow withdrawals
Compared to bank accounts, withdrawals on Mastercard are faster. But, they can’t compare to e-wallets or cryptocurrencies. The average time of 1-3 days for withdrawals isn’t ideal.
How to deposit with Mastercard at online casinos
How to deposit with Mastercard ONLINE
Depositing with Mastercard is easy. It’s just like making an online purchase whether it’s a service or product. You’ll have to enter your card number and other specific details that only you can know provided that you have your card with you.
If you’re new to online gambling, here’s how to make your first Mastercard deposit.
Choose a trusted casino that accepts Mastercard
You don’t need to look far to find a reputable Mastercard casino site. We have compiled a list of the best casino sites in Canada with Mastercard that you can pick without a worry on your mind.
Sign up at the casino
When you’re ready to sign up, look for the Join or Register button. You should enter accurate data on the form which will later be confirmed via the KYC check.
Verify your new Mastercard casino account
You should now receive an email with a verification link. Click on it to verify your account and browse the casino.
Head to the cashier page
Head to the cashier page on your profile and choose Mastercard. Enter the desired amount and the card details.
Complete the transaction
Some banks have 2FA on Mastercard transfers that you’ll need to verify via SMS or an email code. Enter it when prompted to confirm the transaction.
Online casino withdrawals with Mastercard
Mastercard is good for both deposits and withdrawals. If you make a deposit with it, any requested withdrawal will be automatically issued to your card. But, to make things simple, we have a step-by-step guide that can help.
Log in and head to the cashier page
Take a look at the withdrawable balance
Enter the desired amount
Click on withdraw to confirm the transaction
Note: all Mastercard casinos will need you to pass the KYC check before you can withdraw. This process verifies all the information you entered on sign up and should match the info. It usually takes 24 hours and requires the following documents:
– Proof of identity – copy of your ID, driver’s license, or color copy of your passport – Proof of payment method – copy of a bank statement – Proof of address – utility bill with your name and address clearly visible
Similar payment methods to Mastercard
Mastercard is easy and great to use, but if you prefer other payment methods to credit cards, you have plenty of options. Below you can find the top three alternatives to Mastercard at online casinos.
Mastercard is a revolutionary product that forever changed the way we pay. It was launched in 1958 as BankAmericard and had a rocky start. But, it managed to turn a profit 3 years later, and in the mid-60s, over 450 credit cards were distributed across American banks. The company grew stronger year after year, introducing new security features and tweaking its product to perfection.
In the early 1990s, Mastercard began offering online payments. It became the default payment method at online casinos in the early 2000s, with wide availability across the world and Canada. It’s now the leading payment system for online transactions of all kinds, so it’s safe to say it had a massive impact on the iGaming industry.
Conclusion
There’s no question that Mastercard is one of the biggest payment systems in the world, and that includes casinos. A widely available payment method that’s easy to use, you can buy any kind of product with it online and fund your casino account. It’s safe to use since it’s linked to banks and even lets you borrow a bit more money from your bank. While that’s not something we can recommend, it is a great option for high rollers while giving beginners and easy way into casino sites.
FAQs
Is Mastercard safe to use?
Yes, it is. Mastercard is one of the safest options you can use at online casino sites. It’s linked to your bank account and features almost the same degree of security.
What’s the average Mastercard withdrawal time?
On average, Mastercard withdrawals are completed in 1-3 days. That’s not taking into account a casino’s processing time, which might be 1-2 days.
Do all casino sites accept Mastercard?
We can safely say that all reputable casino sites accept Mastercard. It’s harder to find a casino without Mastercard than a casino that accepts it.
Can I use Bitcoin to fund my Mastercard?
No, you can’t. Mastercard is currently a fiat money payment option, so you can only fund it in your local currency.
