MasterCard Credit Casinos

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MasterCard Introduction MasterCard Worldwide is a multinational corporation. It is organized as a co-operative of banks, and is listed in the NYSE under the symbol MA. The essential function of this corporation is to process payments between the banks of the merchant and the banks of the purchaser. To this end, the purchaser uses a MasterCard brand credit or debit card. The corporation was initially created in 1966 by United California Bank, Wells Fargo Bank, Crocker National Bank and the Bank...

MasterCard Introduction

MasterCard Worldwide is a multinational corporation. It is organized as a co-operative of banks, and is listed in the NYSE under the symbol MA. The essential function of this corporation is to process payments between the banks of the merchant and the banks of the purchaser. To this end, the purchaser uses a MasterCard brand credit or debit card.

The corporation was initially created in 1966 by United California Bank, Wells Fargo Bank, Crocker National Bank and the Bank of California. It was created as a competitor to the Bank of America’s BankAmeriCard. Prior to its IPO, MasterCard Worldwide was owned by over 25,000 financial institutions as a membership organization. All the companies that owned the corporation issued MasterCard cards. Currently, MasterCard Worldwide is based in Purchase, New York. Today, MasterCard cards are accepted around the world as a safe, reliable means of transferring money.

How does MasterCard Work?

MasterCard credit cards are issued when an account has been approved by the credit provider.

Once it has been approved, the card holder may use the card to make purchases with merchants (in this case, the casino) who accept the MasterCard. The mechanics of the credit card are quite simple.

The purchase is essentially an agreement by the credit card holder to pay MasterCard the amount of the purchase. In case of online transactions, which are known as CNP (Cardholder Not Present) transactions, the cardholder authorizes the purchase by entering a Personal Identification Number. Some casinos also accept verbal authorization via telephone. The merchant then uses an electronic verification system to ensure that the cardholder has a valid card with sufficient credit. This verification system accepts some further information from the customer including the security code, date of birth of the cardholder and other personal information.

At the end of the billing month, MasterCard issues a statement indicating the purchases, outstanding fees and the total amount owed by the cardholder. The cardholder is then obliged to pay a defined minimum amount before a certain due date.

The MasterCard Worldwide also has a debit card called MasterMoney. The debit card is also known as a checking card, and has direct access to the cardholder’s bank account. This card can be used to make online purchases, or deposit money into the casino. When used online, the MasterMoney card requires an electronic authorization of all transactions, and the debits are immediately reflected in the user’s account. These transactions are additionally secured with PIN authentication.

MasterCard Pros and Cons

MasterCard allows players to transfer funds to online casinos. The only drawback is that credit cards are increasingly being rejected by online casinos, and so the transaction stands a high chance of being rejected. Another problem with using MasterCard is that some casinos charge a little extra to use a credit card to deposit funds.

Despite the minor disadvantages, using a MasterCard to deposit credits is very reliable. MasterCard has developed many security measures to ensure a safe transaction every time. If the player is using a debit card, there is also the added comfort of knowing that the spending is within ones means.

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MasterCard Credit Casinos

MasterCard Introduction

How does MasterCard Work?

Top Casinos Accepting MasterCard Credit

MasterCard Pros and Cons

Related Reading

Related Banking Comparisons

Bonuses if you deposit with MasterCard Credit

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FAQs

How can I know for sure that MasterCard casino transactions are safe and secure?

Will I be charged a significant fee for my MasterCard casino payments?

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What are some reliable alternatives to MasterCard?

Will I be eligible to claim a Welcome bonus or other offer if I choose MasterCard as my online casino payment processor?

Could I switch between payment methods after setting up my account?

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