MasterCard has been one of the most popular online payment methods in the world for more than a decade. Its use was widespread even before the Internet era, and it remains a very reliable option for payments to this day.
If you are looking for bettings sites in Canada that support MasterCard for deposits and withdrawals, make sure to read this review.
The Best MasterCard Betting Sites in Canada 2021
What Is MasterCard?
MasterCard is a payment solution and a financial organisation founded back in 1966 that uses credit and debit cards to process transactions. It is the most popular payment method, with millions of users worldwide being issued MasterCard cards by their banks. At the moment, there are four types of cards offered by MasterCard, and they are credit cards, debit cards, prepaid cards, and gift cards.
MasterCard also offers security and convenience for people who use their cards to shop online, and Canadian betting sites are no exception. Read on!
Why Use MasterCard?
One of the main reasons why people prefer using MasterCard is because most online sites support it. There is a reason why it has remained so popular for such a long time.
Namely, MasterCard cards are still unparalleled when it comes to the transaction speed, with deposits taking just a few seconds to process. Furthermore, these cards use state-of-the-art technology to prevent all kinds of fraud on the web.
How to Deposit Using MasterCard?
- Register on the platform and select MasterCard as your preferred payment method.
- Enter the 16-digit number as well as the CVV/CVC number at the back of your card.
- Select the amount you want to deposit.
- Confirm your deposit.
- Claim your welcome bonus if it is offered on the site and available for MasterCard deposits.
How to Withdraw Using MasterCard?
The withdrawal process is even simpler. However, withdrawals are not available on all Canadian betting sites that support MasterCard.
- Select MasterCard as your withdrawal method.
- Enter your password or answer the security question if necessary.
- Select the amount that you want to withdraw.
- Confirm your withdrawal.
MasterCard Online Betting Sites
Being one of the default payment methods, it is safe to say that MasterCard is probably available on the majority of online betting platforms in Canada. However, not all betting sites offer the same quality of service. Luckily, our experts composed a list which features the best Canadian betting sites on which you can use MasterCard.
Disadvantages of Using MasterCard
Most Canadian betting sites do not charge transactions with MasterCard, but some small fees may apply from time to time, especially if you use a credit card. Using a debit or a prepaid card, on the other hand, is completely free of charge.
Furthermore, many online betting sites and casinos offer MasterCard only for deposits but not for withdrawals. Things get a bit complicated here as MasterCard cards are connected to banks that need to allow receiving payments from betting platforms.
MasterCard Customer Support
MasterCard offers their services to all users who choose to execute transactions using their cards. If you have any questions, you can either read their extensive FAQ or contact them via a form which is available on their website.
However, since cards are usually issued by your local banks, it’s always better to check in with them before contacting the support, as banks are more likely to solve your MasterCard-related problem much faster.
MasterCard Betting Sites FAQ
How long does it take to receive money using MasterCard?
MasterCard cards are one of the fastest cards in the world; it takes only a couple of seconds for transactions to get processed.
Does it cost more money if I make a large deposit?
Small fees are applied if you use a credit card, but there are no fees for prepaid and debit cards.
Can I use MasterCard outside of Canada?
Yes, MasterCard is an internationally recognized payment option available in 180 countries.
Who benefits most from using MasterCard?
Both users and betting sites benefit from using MasterCard.
Which banks is MasterCard available through?
MasterCard is available in thousands of banks worldwide. Check with your bank to see whether they issue MasterCard cards.
Do I have to open an account with MasterCard to use their services?
No, but you have to open a bank account in a bank that issues MasterCard cards to their clients.
Are transactions via MasterCard protected?
Being one of the leaders in online payments, MasterCard uses cutting-edge technology to protect their protocol. You should also make sure that your card is protected by not inputting your card number on suspicious sites.
Can I reverse a transaction using MasterCard?
This can be done if your card supplier (i.e. your bank) agrees to reverse the transaction.