Best Mastercard Online Casinos Australia 2024
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Mastercard is one of the most popular payment services accepted in Australia. Players can use debit, credit, or prepaid cards to transact between their iGaming site and financial institutions. Security and accessibility are two of the most appealing factors for players offered by this payment solution when withdrawing or depositing funds in the best Mastercard online casinos in Australia. New Mastercard casinos are also popping up thanks to these advantages.
This article dives into everything about Mastercard including how to deposit and withdraw funds using this service. You’ll also learn about the different cards under Mastercard, how they work, the fees involved, and the bonuses you’re likely to find. Read on to also learn how to find the best casino sites that accept Mastercard deposits.
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About Mastercard
Ranked just behind Visa, Mastercard is the second-largest payments network. The company was founded in 1966 in the United States of America. But it was in 1979 when it changed its name from Interbank to MasterCard. The company partners with various financial institutions worldwide to offer payment cards branded with “Mastercard.”
The core business of this global payments network is to facilitate transactions. These payment transactions typically include the holder of a Mastercard, the merchant, and the respective financial institutions.
Mastercard quick facts
✅ Name | Mastercard Inc. (public company) |
⚡ Type | Credit / Debit cards |
⚖️ Incorporated | USA |
👨💻 Website | mastercard.com |
📅 Founded | 1966 |
🤵 Support | issuing bank support |
💵 Market cap | $330.35 Billion |
💳 Deposit | Yes |
⚡Deposit time | Instant |
💰 Withdrawal | Yes |
⭐ Withdrawal time | up to 1 day |
Deposits to casino sites that accept Mastercard
Now that you know about Mastercard, it’s time to learn how to deposit funds at your preferred online casino. Before that, you need to find a Mastercard deposit casino and create an account. Afterwards, follow these simple steps to fund your iGaming account:
Navigate to the cashier section
Choose deposits. Next, pick Mastercard from the list of deposit methods offered. Most sites often use the logo to display this payment method.
Provide details about your card
That includes your full name, credit/debit card number, the card’s expiry date, and the security code.
Enter the amount you wish to deposit
Confirm all the details and authorise the transaction by hitting the ‘Deposit’ button. The funds should be available in your online casino account within a few minutes. You can then use them to play your favourite real money games.
Withdrawal from top Mastercard online casinos
One of the reasons why players love Mastercard is they can withdraw their winnings using this payment method. And with its popularity, there’s a good chance you’ll come across an online casino with Mastercard withdrawal. Plus, with many sites requiring their players to withdraw via the same deposit method, Mastercard is a top favourite. Here’s how to go about withdrawals:
Navigate to the cashier/banking section
Pick Mastercard as your preferred withdrawal method.
Check your balance before proceeding
Mastercard withdrawals often have a cap on how much you can withdraw or the starting cashout amount. This is in addition to the casino’s limits.
Enter the amount you wish to withdraw
Provide the necessary details. If this is your first withdrawal in the casino, you will have to verify your address and identity. Then click on the ‘withdraw’ button to authorise the transaction.
Types of Mastercard cards
Getting a Mastercard is rather easy and fast. If you already have a bank account, you can choose the type of card. Although this depends on which institution your bank is in partnership with. However, players are often confused when it comes to choosing the type of card to use at casino sites that accept Mastercard. We break down the three types of cards by this payment service.
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Credit cards for the best Mastercard casino sites
As the name suggests, credit cards allow you to borrow money against a line of credit. This is also known as a credit limit. You can then use the funds to make purchases or even deposit at an online casino. These transactions will later reflect on your bill. The card issuer (your bank) will pay the merchant (in this case, the casino). Afterwards, you will have to pay the issuer after receiving your bill.
Note that since you don’t use available funds, credit cards often attract interest on purchases should you carry balances forward. Something else to keep in mind is that the bank determines your credit limit. This is often based on your credit history.
On the one hand, Mastercard credit cards are advantageous because you can access funds. All you need to do is borrow. On the other hand, it’s dangerous because you could acquire a borrowing habit to fund your gambling activities. If left unchecked, you could end up in debt.
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Debit cards for the best Mastercard casino sites
Debit cards are slightly different from credit cards in terms of operation. Instead of borrowing funds, debit cards restrict your usage to what’s available in your account. Transactions are then just between you and the merchant (online casino). You will send the transaction to your bank and then it will go to the merchant’s account. This often takes a few days to go through.
The biggest advantage of using debit cards is you don’t have to pay interest on purchases. That’s because you’re using funds available in your account. Your credit score and history will also remain untouched. Finally, using debit cards at a Mastercard deposit casino is faster than when using credit cards.
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Prepaid Mastercard casino payments
From the term ‘prepaid’, this type of card allows players to load funds to their cards and later use them at online casinos that accept prepaid Mastercard. Like paysafecard or any other voucher-based payment service, players can only use the amount available on their prepaid card.
Prepaid Mastercard is different from a credit card since you don’t need to borrow against a credit line. It’s also different from a debit card since you don’t need to link the card to a bank account to perform any transaction.
Transactions are instant when using Prepaid Mastercard. Once the balance drops below the amount you wish to deposit at an online casino, you will need to top up the card. Note that there are fees when using this service.
Fees in Mastercard online casinos
Some casino sites that accept Mastercard expect players to pay a certain fee when using this payment method. This is because there are transaction fees that such financial institutions impose on them when performing a transaction. You’re likely to come across a 2.5% fee for every transaction.
Other casinos go a step further to cover these fees for their players. The transaction will then appear free. With this in mind, the best Mastercard casino sites are those that cover the fees for its players. That means you’ll play with all the money deducted from the card.
Pros and cons of Mastercard
Mastercard features both pros and cons when playing at an online casino. Take a look at the top pros and cons of playing at a casino with Mastercard accepted
Positives: |
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Instant deposits: Funds are available in your online casino account within a few minutes. |
Safe and secure: Most if not all Mastercard casinos use the latest encryption technology to ensure players’ data remains secure from unauthorised access. |
Accepted by many casinos: Many Australian online casinos accept Mastercard deposits and withdrawals. |
Deposit large amounts: High-rollers are the biggest beneficiaries here since banks normally don’t have limits on how much you can send. |
Negatives: |
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Withdrawal restrictions: By no means all casinos offer Mastercard withdrawals. So, you want to check its availability before creating an account at your casino. |
Long payout times: Mastercard withdrawals often take between 1 and 3 business days. This is excluding a casino’s pending period. |
Possible fees: Some Mastercard withdrawal casino sites may impose a fee on payouts. |
Mastercard casino bonuses
Most top online casinos that accept Mastercard deposits offer a range of bonuses to their loyal fans. But there are different types of bonuses to claim either as a new or existing player. Here are some of the popular deals you’re likely to come across:
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Deposit match bonus
This type of offer is often available as a welcome deal. That means you can only claim it once after creating your account. The bonus could be anything between 50% and 200% deposit bonus capped at a certain amount.
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Free spins
This type of offer is often available as a promotion when a new pokie hits the market. But they are also available as part of welcome bonuses often flanking the deposit matches. Besides, there are also regular free spin offers.
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No deposit bonus
This type of bonus is rather rare and it’s also common as a welcome deal. You could either get a bonus amount or free spins restricted to a certain pokie game.
It’s worth noting that these bonuses often come with certain terms and conditions that you must meet to submit a withdrawal request. Therefore, it’s important to go through the terms and conditions for each deal before proceeding to claim them.
Conclusion
Mastercard boasts safety and security in its transactions, which is why this payment method is a favourite among many people. It appeals even more to gamblers since chances are they already have a debit, credit, or prepaid card, making it easily accessible. Now you know the best Mastercard online casinos in Australia, how to deposit and withdraw funds, and the different cards to use based on your preference. You also know which types of bonuses you’re likely to come across when using Mastercard at online casinos. It’s now up to you to choose a preferred AU iGaming site and start playing. Good luck on your next gambling adventure!