What is MasterCard?
MasterCard is an online payment method that uses credit or debit cards to fund your poker account. Since the passing of US legislation that forces the banks to refuse money from any poker sites, people have been wondering if there aren’t better options. Whenever you use a MasterCard at an online poker site you will enjoy reliable service with the world’s easiest payment option. MasterCard is as secure a payment option as any. There are poker sites that will accept a credit card like this one, but unfortunately the process may not be easy for US residents and you’ll be limited as to where you can gamble. MasterCard uses a Global Technology and Operations organization to process all transactions made via their cards. Fortunately with their debit and pre paid card options you will be able to gamble wherever you want.
How does it work?
Assuming you already have either a credit, debit or pre paid card, find the poker site you wish to use. Search in their payment options section to see whether they accept any of those methods. Choose the MasterCard payment method. You will then be required to fill in the personal card information, but rest assured a company as large as MasterCard has security measures in place. Fill in your credit card number, the expiration date of the card and your three digit code at the back of your card for them to activate the funds. Then enter the cash amount you want to deposit into your poker account. When all of this is done and they have checked the validity of the card, some time later you will receive a confirmation note. There is a $500 dollar maximum bet, and a minimum $50 dollars to play.
How do I get my money out if I win?
The problem when working with cards is that sometimes a withdrawal cannot be done from a poker room back to a card. Or the opposite is true; a card will not accept incoming money from a poker site. Either way the money stays out of your reach. If you are lucky enough the site you have used will be able to directly deposit the cash onto your card. Then you will be able to use it as usual, at shops and restaurants. If you are unlucky, you won’t be able to do that. You will either have to sign up for a secondary account where, when the money is sent to your card it will accept it, or you can deposit it into your bank account. Alternatively you can always have the poker site send you a check in the mail. It may take a few weeks to arrive.
What are the advantages of using MasterCard?
- Accepted at merchant sites as well, you can gamble, win and buy things online or down at the shopping centre – all via one card.
- MasterCard is a huge business and they have decent security measures, though you should be wary of giving any information out over the internet.
What are the disadvantages of using MasterCard?
- Fraud is a still a problem and you should be aware of identity theft, should you use your credit card often.
- Not all sites still accept credit cards because of the US legislation.