Based in Purchase, New York, United States, Mastercard is a leading online payment processor. The company does not issue cards or extend credit to its customers. Instead, it runs a payment network which authorizes and processes completed transactions with Mastercard payment cards.
When you use a Mastercard-branded card, you don’t just enjoy the security offered by the issuing bank. You’re also covered by the company’s commitment to safety and security. All these reasons help make Mastercard a popular payment option in most Indian casinos.
Mastercard: Seamless Online Casino Deposit Transactions
Based in Purchase, New York, United States, Mastercard is a leading online payment processor. The company does not issue cards or extend credit to its customers. Instead, it runs a payment network that authorizes and processes completed transactions with Mastercard payment cards.
When you use a Mastercard-branded card, you don’t just enjoy the security offered by the issuing bank. You’re also covered by the company’s commitment to safety and security. All these reasons help make Mastercard a popular payment option in most Indian casinos.
How Payments are Approved in the Mastercard Network
All transactions flow in the company’s payment network. When you pay or deposit using Mastercard, this transaction is immediately authenticated. In a casino, you need to supply your account information which is validated securely. This transaction is then submitted to Mastercard which in turn gets authorization from the player’s issuing bank.
Upon the receipt of the request, the issuing bank will then accept or decline this transaction and the decision is sent back to the website. The deposit transaction is then approved and the funds are credited to the player’s account.
Why Use Mastercard
There are several reasons why Mastercard is a preferred casino payment option for many casino players. Before you top-up your account at a Mastercard casino, check out the following benefits.
- Popular and widely available. Almost all Indian casinos accept payments using Mastercard. Just look for the company’s logo on the website to enjoy secure and reliable transactions. And since it’s been in the business for decades, you can be sure of transparent services at all times. In case you encounter issues related to your deposit or withdrawal, you can easily contact Support with global coverage.
- Safe and secure. There’s a reason why the Mastercard brand is still popular. Visa’s competitor delivers a secure payment network that protects player funds and details. Mastercard uses SecureCode®, this is an authentication procedure used by the company to confirm the authenticity of the payment request. Some financial institutions in India may preregister players with this facility. In some cases, you need to sign up for this program. Now, if there are Mastercard transactions that appear suspicious, the card issuer may contact you and verify the authenticity of the transaction. This extra layer of protection ensures that casino players are safe at all times.
Issues With Mastercard
Although Mastercard is backed by more than 50 years worth of experience, this company has its issues too. And as a responsible casino player, you must be aware of these no matter how trivial these may be.
If you’re using Mastercard, there’s a big chance that you’ll be charged with foreign currency exchange fees. For example, you will need to cover the fees when changing your Rupees to Euro or US Dollar. Some casinos also charge fees for every deposit or transaction that you make online. There’s also the idea of sharing credit card information online. If you’re using Mastercard as a deposit option, you will submit pertinent credit card information including your name, address, and account number.
Indian Mastercard casinos may process your payments much longer compared to e-wallets. While Skrill and Neteller withdrawals are processed within 24 hours, your Mastercard withdrawals may take 2 to 3 days. However, these are minor concerns and these don’t diminish the superior services and security offered by the Mastercard brand.
Finally, it is not possible to withdraw using Mastercard, it’s only possible to deposit. Usually, players will have to withdraw using Bank transfer even if you have deposited via Mastercard – meaning that you will have to withdraw to your bank account instead.
Here’s How to Complete a Deposit at a Mastercard Casino
Depositing funds at a Mastercard casino for Indian players is easy. Simply log in to your casino account and navigate to the site’s ‘Cashier’ section. Look for ‘ Deposit’ and select ‘Mastercard’ as your preferred deposit option. On the screen, you’ll be prompted to submit your credit card information. After submitting the request, your deposit is credited to your account instantly thus allowing you to play the most popular Indian online casino games like slot machines, online roulette, and baccarat.
