***Updated: September 9th, 2020***
Back when iGaming websites first launched in the late 1990s, numerous types of credit cards were immediately accepted because everyone in the United States has at least one in their wallet. Not to mention, they’re familiar, safe, and people of all ages knew exactly how to use them.
As far as they were concerned, plastic was great since the respective companies guaranteed all transactions so they knew they’d get paid immediately upon approval. Plus, no need to worry about collecting debts and looking like the bad guy to customers, making the situation a solid “double win”.
Now only a few trusted operators take MasterCard as a deposit method, with premier destinations listed below. These rankings are updated often as research is continually conducted to ensure all are safe and maintain stellar reputations.
Those wanting additional details may tap on a logo to peruse corresponding review pages documenting all important facts and features. Anyone interested in learning more about current bonus offers in the middle column can simply click on the name to the right to visit sites and either claim it or look around first.
USA Online Casino MasterCard Deposits
Credit cards are welcomed at approximately 99% of USA online casinos so MasterCard holders should never be without somewhere to play. Surprisingly, they are likely to be even friendlier to them than rival VISA, since they act as a cooperative for over 25,000 international subsidiaries worldwide.
This is very important because the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) tried to regulate activities by making it illegal for financial institutions to process monetary transactions between players and sportsbooks or poker rooms. Therefore, with the MC global network there was a better chance a foreign bank was ready and willing to accommodate. Of course, this became moot when SCOTUS struck down the laws in 2018 and legalized the entire industry.
Regarding what occurs behind the scenes, all purchases with virtual plastic obviously require an exchange of personal details, which can sometimes be dangerous in a digital era. That said, operators do keep information on file but use equivalent encryption methods as banks, so future purchases are hassle-free and always 100% safe. Another fact to remember is most places impose minimum and maximum limits aside from any normal thresholds established by companies themselves.
Once approved, it’s instantaneous and credit checks are not performed if data used to open the account matches what MasterCard has on file. They have thousands of employees across the world working on improving fraud protection, reduced liability, and identity theft, so it’s not uncommon for transfers to get falsely flagged if looking irregular. However, acceptance rates are actually slightly higher than VISA deposits at betting websites due to robust global networks and excellent international partnerships. Consequently, this is the first one to grab from wallets whenever possible.
Gamble Online with MasterCard
In this day and age, countless ways to move funds around exist but credit cards will still be preferable for those valuing familiarity and clear paper trails of what transpired. These individuals should always strive to deposit at online casinos with MasterCard instead of competitors because it’s frequently successful with lower merchant fees.
Why should you care about fees? Simple: it’s now very much in fashion to pass costs directly on to customers. For many years they had no problem covering processing costs since this was how 95% of the public funded accounts. Sadly, the free ride is over for this payment method and if continuing to use it, be ready to pay for the privilege, sometimes up to 8% or more.
One easier and cheaper alternative is found in this guide to Bitcoin gambling for U.S. players detailing precisely why it’s a better option. Payments are completely confidential and experts agree it’s the future of finance.
History of MasterCard
The country’s love affair with plastic money began shortly after the end of World War II when they were still referred to as “charge cards”. John Biggins at Flatbush National in Brooklyn, New York saw millions of returning servicemen and women, and correctly predicted a lot of consuming would be taking place throughout the Empire State (and beyond).
Biggins then devised Charg-It to facilitate buying goods without cash, allowing clients to immediately take products home. Invoices would be passed on to Flatbush National for reimbursement who would be responsible for collecting the “loan”, which was due in 30 days. It was a brilliant scheme since Charg-It holders must have accounts with them and could only shop at participating local merchants.
In the mid 1960s, Bank of America figured out a way to liberate shoppers from regional restrictions through an innovative network of partners across the nation that would guarantee the purchases. BankAmericard, ultimately known as VISA, triggered the
buy now and pay later revolution by eliminating the obligation of full payment within 30 days in favor of revolving credit and interest on the “loan.”
It didn’t take long for every major financial company in America to realize the revenue potential of the groundbreaking system and they all started clambering for a piece of the action. In New York, First National City (eventually called Citibank) hustled its Everything Card onto the market. Out on the west coast a posse of heavy hitters including Wells Fargo, Bank of California, and Crocker joined forces to issue Master Charge: The Interbank Card.
After a decade of shuffling and merging and positioning, the 1980s arrived with two major titans towering over the industry and the battle for supremacy had begun.