Mastercard, one of the world’s leading payment methods, is one of the best options for many live casino gamblers, simply due to its convenience. If you already have a Mastercard debit or credit card, hundreds of live casinos are open to you since Mastercard is accepted worldwide.
While Mastercard may be a user-friendly option for live casino transactions, there are a few key factors to consider before making any payments. Like with any online transaction, you need to carefully consider details such as transaction speed, related fees, and, most importantly, payment limits. These small, yet significant details, may make or break an entire live casino experience.
Mastercard Live Casino Transactions
Mastercard casino transactions are so common that almost every top live casino allows Mastercard. It’s harder to find a live casino without Mastercard transactions than the opposite. This makes Mastercard one of the best choices for live casino transactions, especially if you’re reluctant to open new electronic wallet accounts or use other alternatives.
The availability and convenience aren’t even the primary reasons to use Mastercard in live casinos, though. For many, security is the key element - Mastercard applies strict security mechanisms and has reliable anti-fraud systems in place, so you never have to worry about your funds.
Mastercard live casino sites usually accept both deposits and withdrawals via Mastercard, but some live casinos may prohibit Mastercard withdrawals. If that’s the case, you can still use Mastercard for deposits but may have to choose an alternative payment method for the withdrawal. However, in most cases, Mastercard works for all live casino transactions.
Mastercard Live Casino Transaction Time
Mastercard deposits are almost always instant: right after entering your card details at the live casino, the amount should be credited to the casino account immediately. Usually, the funds will be available right after confirming the live casino transaction. In some cases, the deposit may take up to 15 minutes, but that’s rare.
One of the biggest downsides of using Mastercard may be its withdrawal time. On average, a Mastercard transaction time for withdrawals tends to stay around 72 hours in most top live casinos. The withdrawal time varies depending on the live casino site, with some processing withdrawals faster than others, but in most cases, it's wise to consider your winnings arriving within 48 to 72 hours.
Mastercard Live Casino Transaction Fees
When it comes to Mastercard casino transaction fees, it’s a complicated issue that depends highly on the live casino, its own terms, and the payment processor used to facilitate Mastercard transactions. All service providers have different rules, and that’s why a Mastercard withdrawal fee may vary tremendously.
As a general rule, live casinos don’t ask for transaction fees themselves, but that’s also not a hard rule - some casinos may apply a small transaction fee. The same goes for payment processors: some companies may ask for a fee of around 2%.
This should be detailed in your bank’s pricing, but if you have any concerns, we recommend asking directly from your bank and finding out whether your live casino transactions may come with some fees.
Mastercard Live Casino Transaction Limits
If you thought the question about fees may be complicated, things go to a whole new level when it comes to Mastercard casino transaction limits. It’s one of the biggest variables and almost every live casino has completely different limits on all payment methods, both for deposits and withdrawals.
We know how confusing this may be, but there’s one quick tip to help you out: read the live casino’s payment terms to understand the exact transaction limits.
Now, luckily, the Mastercard withdrawal limit tends to be quite flexible and high in most live casinos. The maximum withdrawal tends to be around 25 000 per transaction, or sometimes even up to 100 000. There may even be live casinos with unlimited withdrawals, but you can usually count on the maximum withdrawal staying around 25 000 to 50 000 dollars.
Mastercard deposit limits are also flexible and tend to allow up to 50 000 dollars in one go. These flexible limits are one of the main reasons why Mastercard transactions are popular among live casino gamblers.
As you can see from above, there are quite many details to consider when making Mastercard live casino transactions. If you dismiss any of these details and neglect to browse through the live casino’s terms and conditions, you may end up in an unpleasant situation: you may find an undesirable payment limit or less-than-ideal withdrawal speed that doesn’t align with your expectations.
To guarantee the best possible live casino experience, you should always read the live casino’s terms and conditions to understand the payment policy. All live casinos act differently, so even if you’ve made Mastercard live casino transactions before, another casino may have different limits. Do your due diligence and read all details before making your first Mastercard transactions.
About the author
Born in Nairobi, Samuel Kiprop expertly marries the world of online casinos with the pulse of Kenyan life. Fusing urban flair with cultural wisdom, he's a name to know in East African digital gaming.