MasterCard is one of the most popular payment providers in the world, with billions of users using its services every day. One of the sectors that MasterCard flourishes in is gambling, with almost every betting site accepting deposits and withdrawals using MasterCard as a payment method.
With so many websites to choose from, finding the one that is good for you and your esports betting needs can be challenging. This is why we created this article, to help you discover the best MasterCard esports betting sites and why they might be the perfect choice for you.
Brief History of MasterCard
MasterCard was one of the first companies that united various regional banks to create credit cards accepted by multiple institutions. The main objective at the beginning was to compete with BankAmericard (VISA).
In 1966 the Interbank Card Association (ICA) was formed, and in just a few years, more than 150 regional banks joined the alliance, with the group becoming increasingly powerful. Finally, in 1968, ICA allied with Eurocard, which allowed MasterCard to be accepted in the Eurocard network and vice versa. This effectively gave the power to MasterCard to tap into the European market and start expanding there.
In the following years, MasterCard started expanding globally, purchasing several other payment providers, including the Access card of the UK, and merging with Europay International.
In 2006, the company went public with a very successful IPO selling 95.5 million shares at $39 each. Nowadays, MasterCard trades on the New York Stock Exchange, and it has a market capitalization of $284 billion as of October 2022.
MasterCard has undoubtedly shaped the international financial system, leading with innovations and being the tool that moves trillions of dollars. There are more than one billion credit and debit cards using the MasterCard network today, and more are coming each day.
What is MasterCard?
Many people believe that MasterCard is a credit card issuer used by banks and other institutions to give cards to their customers. In reality. MasterCard is a multinational financial services corporation that uses its global network and cutting-edge technology to process financial transactions worldwide.
It doesn’t directly issue any cards since. Rather this is the job of the regional providers.
More than 25.000 financial institutions issue cards that use the MasterCard payment network, with companies in every country except Russia. MasterCard makes money by charging a processing fee every time someone makes a payment using a card with the MasterCard logo.
This makes up 80% of the company’s revenue, while the rest 20% comes from other financial services it provides.MasterCard is considered one of the most valuable companies in the world, and its power over the financial markets is enormous.
Which Are The Best MasterCard Esports Betting Sites?
Wherever financial transactions occur, MasterCard is there to offer its services, and the online gambling industry is a sector it has infiltrated well. Thanks to its reputation and credibility, it is very challenging to find an esports betting site that doesn’t accept MasterCard payments.
Out of all the possible online betting sites that accept MasterCard, we chose the ones that can offer you a solid betting experience and protect your privacy with advanced encryption algorithms and airtight security protocols.
Pinnacle
Pinnacle is one of the best esports betting sites, and millions of users agree that it is an extremely well-made bookie that knows how to treat its users to a good time. There is a section of the website dedicated to esports, and there you can bet on all the most popular esports tournaments from a variety of titles.
Moreover, Pinnacle offers very competitive odds and deep betting markets, which is everything you could ever wish for on a solid betting site. And beyond that, Pinnacle is also certified by the Malta Gaming Authority, one of the most trusted gambling license providers in the world.
GG.Bet
If you are into esports games, it is hard to miss GG.Bet since it sponsors various high-profile teams like NaVi and Team Vitality. This is an esports betting sites offering a solid selection of esports betting markets covering every tournament imaginable.
All you have to do is create an account, and you will get access to thousands of sports matches from multiple titles.
GG.Bet accepts various payment methods, and of course, MasterCard is included in the list. No matter if you have a MasterCard debit, credit, or prepaid card, you can immediately make deposits and withdrawals by typing a few numbers on your keyboard. That’s the beauty of MasterCard.
Betwinner
Betwinner is a sports betting site that has attracted a lot of esports bettors thanks to its unique betting features and incredible odds.
Since its foundation in 2007, Betwinner started by accepting only a limited amount of payment methods like bank transfer, VISA, MasterCard, and Skrill. Even though nowadays it offers many more modern options, these options still account for the majority of the transactions, thanks to how easy to use they are.
Betinia
Betinia is a modern esports betting site with a stylish website design and innovative promotion structure. And thanks to its excellent bonus promotions, you can earn multiple free bets and bonuses just by doing your everyday gambling, or you can actively work to complete “quests” and earn benefits from Betinia. There is even a well-structured VIP system that is ideal for regular bettors.
As a fully licensed gambling platform, Betinia can guarantee the highest safety standards and a fair chance at making a profit. Betinia treats all its customers with respect by putting a lot of effort into providing high-quality customer service to assist them with any issue that might come up. If you want a stable betting experience, Betinia is the perfect website to join and place any esports bet you want
Midnite
Another solid esports betting site that accepts MasterCard deposits and withdrawals is Midnite, which has a very intuitive website that is easy to navigate, even if it is your first time doing so. Everything you will need is accessible with the press of a few buttons, from making payments to placing bets and creating your perfect Acca bet.
You can bet on several famous esports titles like League of Legends, Counter-Strike: Global Offensive, and Call of Duty and watch the games live on Midnite.
How To Use MasterCard On Esports Betting Sites
Thousands of online betting sites accept MasterCard, and each has slightly different terms and procedures for paying, but some features are common with almost all bookmakers.
First of all, MasterCard deposits are free of charge. Very few esports bookies will charge you for making a deposit with a MasterCard card, regardless of whether it is a credit or debit card. If the one you are looking at wants you to pay a fee for making a deposit, you should avoid it and go for one that will let you deposit for free.
Another important thing to note is that deposits should be executed instantly without any delays. For example, you should immediately see your money in your betting account after successfully depositing it in a sportsbook without any delays. Otherwise, you should contact customer support to make sure everything is ok.
How To Deposit With Esports Betting Sites That Accept MasterCard?
Making deposits with MasterCard is very simple, and the procedure is identical to making payments on any other merchant. This is one of the main reasons why so many people use MasterCard to fund their accounts.
To deposit with esports betting sites that accept MasterCard you need to follow these steps.
- Login to your betting account
- Navigate to the payment tab
- Choose MasterCard as your deposit option
- Type in the amount you want to deposit
- Add your card information and click complete
- You are done
Remember to only share your card information with reliable websites like the ones we recommend to you in this article.
How To Withdraw With Esports Betting Sites That Accept MasterCard?
Using MasterCard for withdrawals is one of the best options since you don’t have to pay any fees for the transaction, and the transaction can be completed in a couple of days. Unlike bank withdrawals, MasterCard is quick and with zero fees.
To withdraw from esports betting sites that accept MasterCard you have to do the following.
- Login to your esports betting account
- Go to the cashier tab
- Select to withdraw with MasterCard and type the desired amount
- Fill in the required card data
- Done
It can take up to three working days before you have the money in your bank account, but if there is a need for the bookmaker to verify your identity, this might take significantly longer.
How To Create a MasterCard Account
You cannot create a MasterCard account because this is not how this payment method works. However, all you need is a debit, credit, or prepaid card issued by a financial institution that uses the MasterCard network to verify transactions.
If you have a card like that, then all you have to do is head to the bookmaker of your choice and follow the procedure for either withdrawing or depositing.
Online Betting With MasterCard: Pros and Cons
MasterCard is commonly used for esports betting, but not many people really understand what it means to use this payment method for transactions. For most of the gamblers that use MasterCard, it is just the easiest available method. The truth is that there are various advantages and disadvantages to MasterCard betting.
One of the main problems that esports gamblers have to deal with when using MasterCard is that you have to share all the numbers on their card; so they run the risk of someone intercepting this information and using your card to make purchases for themselves.
Although this is not something common, the risk is always there when paying directly with a MasterCard card.
Another disadvantage of using MasterCard to make payments is that your bank will immediately know what you spend your money on. Even though gambling is not illegal, financial institutions view it as a risky activity, so in some cases, it can leave a bad mark on your credit rating.
Of course, there are a lot of positives as well with using MasterCard, and the main one is that the payments are made instantly, with very low fees. Most payment methods will charge you to make deposits or withdrawals on your account, but MasterCard is free to use, and since it is connected to your bank account, you can easily make transactions without any annoying fees.
Advantages Of Using Esports Betting Sites With MasterCard
Millions of gamblers are making payments with MasterCard on betting sites thanks to the numerous advantages that come from doing so.
The advantages of using esports betting sites with MasterCard are the following.
- Lightning-fast transactions
- No fees for deposits and withdrawals
- Accepted by most bookmakers
Disadvantages Of Using Esports Betting Sites With MasterCard
Even though there are many reasons to bet using MasterCard, this payment method has a few negatives that many gamblers cannot overlook.
Below you will find some of the disadvantages of using esports betting sites with MasterCard.
- Your financial information is exposed to risk
- It might affect your credit score
MasterCard Options To Choose From
MasterCard offers three main payment options to its users: a credit card, a debit card, and a prepaid card. Each one of these options has different advantages and disadvantages, and we will look at them one by one to help you understand which is the best option for you.
Credit Card
A credit card is a more controversial option since, on the one hand, you can have access to a lot of money, but you will eventually have to pay back this money to the card issuer, making it a dangerous choice for gambling.
It is easy to spend more than you can afford, and if you combine this with an addictive activity like betting, you have a dangerous combination. Thanks to gambling regulations, many bookmakers don’t accept credit card payments anymore to protect players prone to addiction.
Debit Card
A debit card is the second option you have for MasterCard, and it is the one that most players prefer. The debit card is connected to your banking account, meaning that any payment you make comes directly from your already existing money, and you are not at risk of putting yourself in debt.
That being said, the disadvantage of a debit card is that you still might spend more money than you want, especially since it is so easy to keep making deposits with only a few clicks. Another problem with debit cards is that if all your money is in your account if someone gets access to your card, your money is exposed.
Prepaid Card
A MasterCard prepaid card might be the perfect compromise between convenience and security for esports gamblers. A prepaid card is pretty much like a debit card, but the difference is that it is not connected to your checking account. If you want to make payments with it, you need to add money to the card.
This solves all the problems with using a debit card, and you have to occasionally remember to transfer money there. However, it’s a small price to pay for your security.
MasterCard vs VISA
MasterCard is only one of the main e-payment networks, and one of its main competitors is VISA. Both companies dominate the financial sector, and it can be difficult to distinguish one from the other.
VISA is the clear winner when we are strictly talking about company size. Approximately one billion extra cards use VISA over MasterCard, and the amount of money that passes through the VISA network yearly is significantly larger than that of MasterCard. Moreover, VISA Inc. market capitalization stands at $367 billion, while MasterCard Inc is at $274 billion.
That being said, these differences don’t affect gamblers since the services these two companies provide are identical, and you will not find bookmakers accepting one network but not the other.
Both VISA and MasterCard transactions are instant, and the security standards are similar. The deposit and withdrawal limits are also usually the same, so it doesn’t make a big difference which one you use.
Conclusion
MasterCard is one of the most used payment methods on esports betting platforms, and millions of gamblers worldwide are using it for both deposits and withdrawals. Even though MasterCard payments might not be the perfect option, the safety and speed with which payments are executed make it the ideal option for esports betting.
FAQ
Can you use MasterCard for betting?
Yes, you can use MasterCard for betting, and pretty much any legitimate sportsbook will gladly accept it as a payment method. Usually, there are no fees when making MasterCard deposits or withdrawals, which is one of the biggest benefits of using MasterCard.
Is esports betting legal?
Yes, esports betting is legal in many countries worldwide, and it is very uncommon for bettors to be held responsible for illegal esports betting. Therefore, if you find an online betting site offering esports markets, you can create your betting account and enjoy gambling without worrying about it.
Does MasterCard charge transaction fees?
MasterCard charges transaction fees, usually absorbed by the merchants that accept it as a payment method. Very few esports bookmakers will charge you for either deposits or withdrawals and if they do, you can just change the betting site and choose one that doesn’t.
Is it safe to deposit using MasterCard?
Yes, it is perfectly safe to deposit using MasterCard, especially if you are careful and ensure you are doing so in a legitimate and trustworthy bookie. The only risk comes if somebody gets access to your MasterCard information, although that risk is minimum.
