Mastercard Casino: How to Use Mastercard at Betiton Canada

Last Updated: 26-06-2023 13:57

Nowadays, online casino players have so many different banking options that you can choose from, but some are better and more popular than others. One of the most popular payment methods for gamblers in Canada is Mastercard, which is accepted in over 200 countries across the world and by more than twenty million companies. The majority of Canadian online casinos that you encounter will accept Mastercard as one of their banking options, which makes each one of them a Mastercard casino.

In this review, we are going to guide you through everything that you need to know about it. By the time you reach the bottom of this page, you will know whether Mastercard is the method that you want to use to deposit and withdraw money at Betiton Canada.

How to Start Mastercard Gambling at Betiton

Whenever you are depositing money at an online casino in order to play your favourite casino games, whether that happens to be slots or table games such as poker, roulette, blackjack, or baccarat, or withdrawing money that you have been fortunate enough to win playing your favourite games, you will want the process to be a simple one that will not leave you scratching your head and getting really frustrated.

We are glad to be able to tell you that if you play at a Mastercard casino Canada site such as Betiton, then you will have no issue when it comes to making deposits or withdrawals. If, on the off chance you do, then get in touch with our customer care team and one of our agents will make sure that your issue is solved as quickly as possible. We are now going to provide you with a step-by-step guide that highlights just how easy it is to deposit and withdraw money at an online casino that accepts Mastercard in Canada.

Deposits

In order to deposit money at a casino that accepts Mastercard, you will obviously have to have an account with that casino. Therefore, to start with, we are going to give you a guide that shows you how you can set up an account with Betiton Canada – as this Betiton guide shows, it is a pretty simple process that should not take you more than a couple of minutes.

1. Click on the “JOIN” button on the left.
2. Provide your email address and choose a unique username and strong password.
3. You will then be required to give over your first name, last name, house address, date of birth, and your phone number.
4. Click on “Open Account” and you have yourself a new Betiton account.

Once you have your Betiton account set up, you are free to deposit some money into the account so that you can play casino games or enjoy some sport betting. Below is how you can go about depositing money using Mastercard:

1. Go to the deposit section and choose Mastercard as your preferred payment method
2. Enter your card number, CVV, expiry date, your name, and the amount that you would like to deposit
3. Once your payment has been submitted, the deposited money should appear in your Betiton account right away

Withdrawals

We should stress here that some credit card betting sites that accept Mastercard in Canada for making deposits do not allow you to withdraw money using your Mastercard. This can end up being quite annoying because you then have to familiarise yourself with another banking option in order for you to withdraw any of the money that you have won. However, you will be glad to find out that Betiton allows our Canadian customers to make withdrawals using Mastercard.

So, you have played some of your favourite casino games and have managed to win some money that you would like to withdraw using your Mastercard. Follow the steps below in order to withdraw any winnings that you make from your account. As you will see, it is pretty similar to the process that is required to deposit money:

1. Head over to the withdraw section of the casino and click on Mastercard as your preferred withdrawal method
2. Enter all of your vital card details and then input the amount of money that you want to withdraw from your account
3. Click on “Withdraw”, and we will start processing your request. While deposits are instant, withdrawals take longer, and you will need to wait between 1-6 working days before your winnings are available to you to make use of

What Is a Mastercard?

Mastercard is the second biggest payments network in the world, with only VISA being ahead of it. Mastercard makes use of its global payments network to facilitate money transactions that involve the Mastercard holder, a merchant, and their financial institutions. To put it another way, a Mastercard is any kind of electronic payment card that makes use of Mastercard’s network to process transaction communications.

When people think of Mastercard, the majority will automatically start thinking about credit cards, but Mastercard actually comes in many different guises, and we are now going to take the time to look at the main ones below.

Mastercard Debit Card

Debit Mastercard is a type of debit card that is offered by Mastercard. Since it is a debit card, you do not have a line of credit that you can spend, you only have whatever money you happen to have in your bank account. Many people prefer debit cards to credit cards because there is no chance of spending money that you actually do not have. In other words, there is no possibility of living outside your means when it comes to a debit card – if you do not have enough money on your debit card for something that you are trying to buy, the transaction will not go through.

If you own a Debit Mastercard, then you will be able to use it at millions of merchants around the world, and you can certainly use it to deposit and withdraw money at a Mastercard casino online such as Betiton. A great thing about Mastercard is the security that they offer their customers – all purchases are backed up with a Zero Liability Protection, so they will not hold you responsible if someone manages to make fraudulent payments with your card.

Prepaid Mastercard

A prepaid Mastercard is simply a card that you can top up with money. Once you have topped it up, you can use the card to make payments wherever Mastercard happens to be accepted. This type of card is popular due to the fact that you can only spend the money that you have on the card, which means that they are great for keeping a handle on your finances. If you are the type of person that cannot help but spend money when you have it on hand, then perhaps a prepaid Mastercard is something that you need to think about getting in your life.

MasterPass

MasterPass allowed its users to upload their payment card details to a digital wallet, and this could then be used to easily make payments on a mobile device in-store or a desktop device at an online store. This digital payment service meant that users did not have to worry about carrying around their physical card in order to make payments. A user’s safety was ensured by a fact that a password had to be entered before any transaction was authenticated.

Why are we speaking in the past tense here? Well, it is because MasterPass has not existed since the middle of 2020. A few years ago, Mastercard joined up with VISA, American Express, and Discover to develop a payment system that is called “Click to Pay”. Although it now has a different name, the concept is more or less the same – you can make payments without having to carry around a physical card or repetitively input your card details.

Mastercard App

Fast, convenient, and secure payments is what we are all looking for in life, and the Pay by Bank mobile app is something that allows exactly that since it gives you the option of paying directly from your phone’s banking app. The great thing about Pay by Bank is that you do not need to download a new wallet or app since Pay by Bank will be automatically available in your bank’s app.

So, how does it work? Well, when you are checking out to make a purchase online, simply click on the “Pay by Bank App” option, then log into your bank’s mobile app, check out what your current balance is, pay securely, and the transaction is complete. It really could not get much simpler than that.

Mastercard Pay with Rewards

For those of you who are new to credit cards, many credit card companies will award their customers points or cashback depending on how much you spend. Some will even reward extra points if you are debt free and manage to pay off your card each month. Mastercard’s Pay with Rewards is a feature that gives you the option of spending any points that you have accumulated like cash at merchants that accept Mastercard as one of their payment methods. This is a very easy way to redeem any of the points that you have earned.

Mastercard Send

Mastercard Send has become an important part of Mastercard’s mission to power and connect a digital economy that benefits all by ensuring that every transaction is simple, safe, and accessible. Alongside Mastercard Cross-Border Services, you will be able to reach over 100 countries and 50 different currencies, giving you access to more than 90% of the globe’s population via a single and secure global platform.

The Mastercard Send feature allows real-time and secure payment transactions from and to billions of cards, digital accounts and banks around the world. Mastercard Send users can modernize how they go about sending money, both domestically and internationally, making the money available to its recipients almost right away.

How Does Mastercard Work?

So, how does Mastercard work exactly? Well, for every sale that is made, there are usually different banks that are involve – your own bank and the bank of the seller or retailer. Mastercard, as a payment network, allows this transaction to happen, so when you make the payment, the money will seamlessly leave your account and be transferred into the account of the seller or retailer.

At the start of 2023, the net worth of Mastercard has been estimated at around $350 billion, but how exactly does the company make all of this money? Well, the vast majority of their revenue comes in the shape of fees that are paid by their customers, who are not your everyday consumers. No, Mastercard’s main customers are big financial companies such as banks that pay a fee in order to issue debit and credit cards that have the famous Mastercard logo on them.

Mastercard Withdrawal Time

What are the Mastercard withdrawal times at a Master Card casino in Canada? Well, the answer to such a question is that it will depend on the casino Master Card that you have decided to open an account with. Not all online casinos, as we are pretty sure you know, have been created equally, so one online casino might have you waiting long for your winnings than another one.

However, if truth be told, we are not concerned with the withdrawal speeds of other online casinos. What we can tell you is that if you decide to open an account with Betiton Canada and you request a withdrawal via Mastercard payout, then you will need to wait between 1-6 business days before you receive the winnings that you have requested.

If it is imperative that you get your winnings as quickly as possible, then we would not recommend that you make use of Mastercard, or any other card banking option for that matter. When it comes to fast withdrawals, you should make use of e-Wallets such as Skrill, MuchBetter, or Neteller since you will receive your winnings within 1-2 days.

Mastercard Casino Payment Limits

Different banking methods will come with different payment limits, and in the table below you can see the minimum deposit and withdrawal amounts for those who opt to use Mastercard at Betiton:

Advantages of Betting with Mastercard

There are many benefits to making use of Mastercard at a top online casino that accepts Mastercard deposits, and we are now going to take the time to take a closer look at some of the main ones.

Highly Secure Payment Method

Whenever you are making any type of payment online, you will want to do so safe in the knowledge that your personal details and your banking details are not going to end up in the wrong hands. At the end of the day, nobody wants to waste their precious time trying to get back money that was stolen from them by some online criminal.

Thankfully, this should not be an issue with Mastercard because they are well-known for having top-quality security features. As a matter of fact, merchants that want to offer Mastercard as one of their banking options are usually required to prove their reliability before Mastercard will accept them – it is usually the other way around with other payment providers. To top it all off, they make use of the best SSL encryption technology to ensure that cybercriminals cannot get their hands on your money.

Zero Liability Protection

They offer their customers zero liability protection, which means that if, on a very rare occasion, an unauthorized transaction is made with your cash, you will not be held responsible for it and any money that is lost will be returned to your account. However, we must stress here that some kinds of prepaid cards do not qualify for this zero liability protection that we just mentioned, so check whether you have one of these.

Widely Accepted

If a banking method is not accepted at many online casinos, then it is obvious that it will become pretty obsolete. However, when it comes to payment options such as Mastercard, it is safe to say that it is not hard to come across an online casino Mastercard. So, when you come across an online casino in Canada that you like the look of, it is highly likely that you will be able to make deposits and withdrawals using Mastercard. The versatility of this banking method is actually one of its biggest selling points.

Also, there are some online casino sites that do not allow you to claim the welcome bonus or any other bonuses that are on offer if you make use of specific banking methods such Skrill, Neteller, or PayPal. However, thankfully, you will find that the majority of sites, including Betiton, will let you claim the Welcome Bonus and other bonuses if you make a deposit with Mastercard.

When it comes to a casino bonus, some free advice that we can give you is to always make sure that you review the T&Cs that apply. By reading the T&Cs, you will find out what the min and max deposit and withdrawal is, the wagering requirements that apply for the free spins or bonus money, whether there is a bonus code that you have to add, and the number of days that you will have to make use of the free spins and/or bonus money before it is forfeited.

Instant Deposits

When you are depositing at an online casino such as Betiton Canada Online Casino, you will want your deposited money to appear in the account right away so that you can start playing your favourite casino games as soon as possible. Nobody wants to deposit money and then have to wait ages before they can start testing out their luck on slots or live casino games. Thankfully, when it comes to Mastercard deposits, they are instant, so you will not have to wait around before you can visit your favourite casino games. Additionally, you can bank directly in Canadian dollars to avoid having to pay any currency exchange fees.

Supports Withdrawals

There are some payment methods that casino players can choose from that do not allow both deposits and withdrawals, and while the possibility of making Mastercard withdrawals depends on the online casino that you have opened an account with, you will have no such issue here at Betiton because we are the best Mastercard casino you’ll find in Canada. So, if you are lucky enough to land a win when playing our slots, table games, or live games, then you will be able to withdraw your winnings using the Mastercard banking option.

Pay By Bank App Adds Convenience

The Mastercard Pay by Bank App offers a new level of simplicity when it comes to paying at online casinos.

Players may safely link their Mastercard to their bank account with this option, enabling direct transactions without the need to continuously enter card information. The Pay by Bank App allows customers to make deposits more quickly and easily, improving their entire gaming experience.

By utilising the authentication methods of the user’s bank, this technique gets rid of the bother of manual card input and adds an extra degree of protection. It’s a practical and effective way to add money to your online casino account, assuring quick and easy transactions.

Mastercard Rewards

The final advantage that we are going to look at is the fact that you will be rewarded for using your Mastercard. Every single time that you use your credit card, you will earn points, and you can the make use of these points to pay for purchases.

Disadvantages of Betting with Mastercard

While Mastercard comes with plenty of advantages, nothing in this life of ours is perfect, and there are a number of disadvantages that come with using this credit card. We do not want to try and con our players into thinking that this is a perfect banking method, so we are now going to take a look at some of the main disadvantages of using it at top online casino sites.

Withdrawals Can Prove Lengthy

Whenever you are withdrawing your winnings, you will want to get your hands on your winnings as quickly as possible, but this is not usually possible when you are betting using your Mastercard or any other cards. At Betiton, we will try to get your money to your as quickly as possible, but you will always need to wait a number of days when it comes to Mastercard withdrawals.

Possibility of Withdrawal Fees

Using Mastercard will usually incur some min fees, but in the majority of cases none of these fees are passed to the customers. However, this is not always the case, and sometimes an online casino Master Card will charge up to 2% when you request a withdrawal, which can be quite the chunk of change depending on how much it is that you want to withdraw. However, we are glad to be able to tell you that Betiton Canada will not charge you any fees, so you will receive all of your winnings.

Mastercard vs Visa

Mastercard is a very convenient banking option and is one of the best around, but it has one main competitor that always looking for ways to take away some of its revenue, and this VISA. These two banking methods work in more or less the same way. When it comes to betting, both are middlemen as they are conduits to help you place your bets.

In addition to this, they both have similar protection levels – Mastercard makes use of a security code scheme where players can authenticate their identity using a one-time passcode, while those who play at a VISA casino are protected with a Verified by VISA scheme that protects their identity and helps to increase transaction speed.

The main differences between VISA and Mastercard are that both offer their users different kinds of rewards and bonuses. Although, it must be said that the bank that issues your card will have a much bigger impact on the perks and the T&Cs that apply. Also, they do not have the same security schemes, while Mastercard provides price protection.

FAQs About Mastercard