If you looking at a credit card option at online casinos then MasterCard is a choice you must consider. All our recommended online casinos accept MasterCard credit cards. In this section, we provide you with some background on MasterCard and other information that will help you in making the right choice.
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In 1966 several California banks that included United California bank and Wells Fargo combined to launch a credit card program and the name given to the card was Master Charge. The name was changed to MasterCard in 1979. Today, MasterCard Incorporated is the company that owns the MasterCard credit card brand and it went public in 2006. It is quoted on the NYSE and has its headquarters in Purchase in New York.
MasterCard has arrangement with major banks in Australia for issue of its credit cards. You have to make an application to any such bank along with required documents. After completing the verification process, the bank will issue the MasterCard credit card, usually in a matter of days. The actual credit is offered by the bank issuing the credit card as per its terms and conditions. All your dealings will be with the local bank, which makes it more convenient.
After assessing that MasterCard credit card is suitable, you select it as the payment option when you sign up for a real money account at the online casino. You begin by registering your card at the cashier of the online casino. This is a simple process in which you enter the details asked for online. This process eliminates the need to fill up numerous details each time you make a deposit.
When you want to make a deposit, you access the Deposit section of the online casino cashier and select the MasterCard option. You then enter the deposit amount, making sure that it is within the minimum and maximum limits prescribed by the online casino. In order to ensure that only you, the bona fide holder of the credit card, are making the transaction, MasterCard has built in other security features. You then click the button to complete the transaction and the funds are available at the online casino for you to use.
One of the things that you must check with the online casino before opting for MasterCard is that you will be allowed to withdraw funds into your credit card account. You then register your MasterCard credit card, make a deposit and start wagering. Simultaneously you may be asked to submit copies of proofs of identity and address to ensure that no one else is using your credit card. Make sure that these are submitted before making your first withdrawal. Unless the online casino receives these documents it may block your withdrawal.
When you want to withdraw your winnings you log in and go to the Withdrawal section of the online casino cashier. Select the MasterCard credit card option and enter your withdrawal amount. All other details will automatically be picked up from your account. You must ensure that the withdrawal amount is within the prescribed limits and that it does not exceed your cash balance at the online casino.
