How can I use Mastercard at online casinos in Canada?
Mastercard casinos are popular because the provider doesn’t come with any fine print or complicated systems. It comes with a high level of security features that only add on to those found on site. In the next sections, we explain the ins and outs of using Mastercard at online casinos in Canada.
Transactions at Mastercard casinos
Performing transactions using Mastercard is easy and hassle-free – you’ll be done within a few minutes. However, it’s important to note that while the best Mastercard casinos allow both deposits and withdrawals, some only accept deposits using Mastercard. In these cases, you’ll need to find an alternative for withdrawals.
The next sections offer step-by-step guides that explain how to deposit and withdraw using Mastercard at online casinos in Canada.
How to deposit using Mastercard
Time needed: 15 minutes
- Apply for a Mastercard card
If you aren’t already a Mastercard customer, you’ll need to become one. You can do so by applying for a card through the Mastercard website or via your local bank. You may need to submit documents that prove your identity or source of income, so make sure to keep these documents accessible as to not prolong the process.
- Sign up to a Mastercard casino
Find an online casino in Canada that accepts Mastercard as a payment method and open an account. You may need to verify your email address or mobile number by clicking on a link you’ll receive in your inbox or on your mobile phone.
- Choose Mastercard in the cashier
Head over to cashier and select Mastercard as your preferred deposit method. You’ll normally find this in the top banner of the page, in the header, or within your account.
- Type in your credit card information
Enter your credit card number, expiry date, and CCV code as prompted. You may be asked to type in additional information.
- Type in the deposit amount
Enter the amount you would like to deposit in the correct field. Remember to include decimal points where necessary.
- Type in your bonus code
If you have a promo or bonus code, this is the time to use it by typing it into the relevant field.
- Verify your deposit
This is an additional security feature that Mastercard implements to make sure it’s you who is making the transaction. You may receive an SMS, an email, or need to enter a password.
- Enjoy the games
Your deposit will appear in your account instantly. All that’s left to do now is choose the game you want to play and get started. Enjoy!
How to withdraw using Mastercard
1. Make sure you can withdraw using Mastercard
Go to the casino’s payments page and make sure Mastercard is accepted as a withdrawal method. If it isn’t, you’ll need to find an alternative.
2. Check your bonus funds
Make sure you have completed any pending wagering requirements. You may lose your bonus and any winnings attached to them if you still have to complete wagering requirements. If you’re unsure, speak to a customer support agent via live chat or email.
3. Go to the cashier and select Mastercard
Locate the Mastercard logo and select the provider as your preferred withdrawal method.
4. Type in the withdrawal amount
Enter how much you would like to withdraw in the relevant field. Remember that online casinos in Canada have minimum and maximum withdrawal limits.
5. Submit your verification documents
Legal online casinos in Canada require you to verify your identity before being able to withdraw as part of the Know Your Customer (KYC) process. If you haven’t already done this, you’ll need to submit proof of identity, address, and wealth to the site’s team, who will usually get you sorted within a few days.
6. Wait for the online casino to process your request
You can go ahead with your withdrawal request once you’ve been verified. Some online casinos in Canada process these instantly while others may need up to 72 hours.
7. Wait for your funds
It’s a waiting game once your withdrawal has been processed and approved. It may take up to ten business days to see your funds in your account when using Mastercard.
Mastercard limits, fees, and availability
Mastercard casinos normally process deposits instantly, meaning they are always available. However, withdrawals may take a little longer. This is because the online casino needs to approve your transaction – this time is added to the time Mastercard needs to process your funds, which could take up to 10 business days.
Most online casinos in Canada do not charge players for making deposits and withdrawals, meaning you shouldn’t need to pay to use Mastercard on site. However, this is not the rule of thumb, so always check the casino’s terms and conditions or payment policy first. Depending on your region, Mastercard itself may charge up to 2% in processing fees.
When it comes to limits, these depend on the site you’re registered at. Having said that, these are normally quite high, with most online casinos in Canada offering deposits and withdrawals of up to $10,000 at one go. Keep in mind that there are also minimum deposit and withdrawal amounts, usually set around the $10 – $30 bracket.
Mastercard on mobile
Mastercard keeps up with the times, so you’ll be able to use your card regardless of the device you’re using. Most banks have mobile applications that will allow you to verify purchases. What’s more, many online casinos in Canada are optimized to work on smartphones (if they don’t have dedicated mobile apps) and allow mobile payments.
Is Mastercard safe?
Mastercard’s reputation speaks for itself. It is one of the most popular payment providers in the world and is used for both online and land-based purchases. Its reputation is so strong thanks to its reliability and multi-layer security system that begins from the hight-tech encryption processes the provider has in place.
The next item on the list is the verification procedure. You’ll need to confirm any payments you make using Mastercard through your bank’s mobile application by using your biometrics or a strong password that you would have created yourself.
Then there’s the casino’s own security processes. Licensed online casinos in Canada require you to go through a detailed verification process where you’ll need to submit documents such as your passport, recent utility bill, and copies of your payslips. These documents are managed securely and serve the purpose of ensuring you are indeed the person performing the transactions. This is usually done before the first withdrawal to comply with anti-money laundering regulations together with those of the online gambling site’s licensing body.
One major security benefit of using credit cards such as Mastercard is that you can contest any suspicious activity on your card. This means you can report any transactions made after having reported your card lost or stolen. Any payments that are considered fraudulent will be refunded back into your account.
Finally, your credit card statement. The name of the company that operates your chosen Mastercard casino will be listed. This may help you budget and control your spending.
Advantages of using Mastercard as an online casino payment method
Using Mastercard at online casinos in Canada comes with its set of perks. We’ve listed some of them below:
- Instant deposits
Mastercard casinos process deposits instantly. This means you will only wait a few seconds (or minutes, at most) before you can start playing your favourite games. - High security
Mastercard offers multi-level security features added on to those provided by licensed online casinos in Canada to ensure your safety while gambling. - Supported by most banks
You won’t have any trouble finding a bank that supports Mastercard. Keep in mind that you may need to present certain documentation when applying for a card. - Bonus availability
You will be able to claim most bonuses at online gambling sites in Canada when depositing using Mastercard.
Disadvantages of using Mastercard as an online casino payment method
Like everything else, Mastercard also has its downfalls. Here’s what you can expect:
- iGaming transactions
Not all banks allow transactions for iGaming purposes. This means that your local bank may block you from using your card at online casinos in Canada. - Withdrawal times
Mastercard casinos may need up to 72 hours to process your withdrawal request. Once accepted, Mastercard needs up to 10 additional working days to process your funds back into your account. - Withdrawals not accepted
While most online casinos in Canada accept Mastercard as a deposit method, not all of them accept Mastercard as a withdrawal method, meaning you would need to find an alternative payment provider for cashouts.
Conclusion
Mastercard is a popular payment method, and it’s no wonder why. This payment provider has been around since the 1960’s, making it one of the oldest ones around. You can use the card both online and offline, all while benefiting from a multi-layer security system.
You’ll find Mastercard as a payment option at most online casinos in Canada due to its reliability and user-friendly nature. While deposits are always possible, Mastercard may not be a valid withdrawal method. Since Mastercard has significantly more pros than cons, so we wouldn’t mind finding an alternative payment method for withdrawals.
Sign up to a Mastercard casino in Canada today!
FAQs
Yes, you can. Mastercard is a widely accepted payment provider that you’ll find at most online casinos in Canada. Before selecting this as your preferred payment method, we suggest you check your bank’s terms and conditions since not all local banks allow transactions for iGaming purposes.
Yes, it is. Mastercard applies a multi-level security system that includes data encryption, verification for each purchase, dedicated customer support, a fraud department, and much more. It also has a strong reputation as a world-renown payment provider for both online and land-based purchases.
Any deposit you make using Mastercard will appear in your casino account instantly. However, Mastercard may need up to 10 business days to process any funds you withdraw. This is added on to the processing time required by the online casino itself.
This mostly depends on the online casino you’re signed up to. While the majority of Mastercard casinos do not charge any fees, you will find some that do. Always check the payment policy of the online casino before selecting Mastercard as your preferred payment provider. Mastercard generally doesn’t charge per transaction, but this isn’t a stone-hard rule and may different depending on your exact location.
In most cases, you’ll be able to use Mastercard for both deposits and withdrawals at online casinos in Canada. However, keep in mind that this may not always be the case, so check the site’s payment policy and/or terms and conditions beforehand to make sure.
How happy are you with the content on this page?