Up to date, MasterCard is one of the main types of credit cards, which are available to customers worldwide. Having such a card guarantees a quick, convenient and simple way for a person to make payments for certain goods and services in a secure and risk-free manner. Of course, just like any line of credit, MasterCard also has certain pros and cons, which will be thoroughly reviewed in the following article.
Overview
Over the past years, MasterCard has become a leader in the payments industry. The technology company has consolidated its positions on the market, becoming the company that provides people all over the world with excellent credit card payment options.
The credit cards provided by the company under the brand MasterCard have become a true driving force of the industry. In addition, they have made the global economy safer, more efficient and transparent for all customers. The innovative products and solutions offered, are aimed at making the MasterCard users’ lives easier.
Millions of people all over the world are using MasterCard as an online payment option. Undoubtedly, this has become one of the most popular payment options ever.
However, have you ever thought of all the options you get just by having the small plastic card? For example, if you are a fan of gambling and you enjoy online casinos, then your MasterCard can help you fund your account and save you lots of time. Many people prefer credit cards as the main method for money deposit in an online casino.
Our advice, on the other hand, is not to use your credit card, because once you get addicted to gambling, it might cost you a lot more money than you expect and this is why you have to be really careful.
MasterCards are currently chosen not only by regular, but by business users as well. It is a leader at the payment products market, which is why it is preferred by merchants, issuers and corporations as a way to consolidate and enlarge their businesses.
Types of MasterCard
Apart from the differentiation between Personal and Business cards, there are several types of MasterCards offered by the company. All of them can be used for purchases and a variety of payments and provide customers with excellent service, quick transfers and secure transactions.
Standard MasterCard
This card is quite suitable for people who are yet starting to build their credit history or want to cover their everyday expenses by using the card. This type of card provides no liability protection when it comes to unauthorized purchases or getting access to some special benefits or features.
Gold MasterCard
This type of card is especially made in order to provide customers not only with a larger purchasing power, but also with a great number of rewards when making payments. Gold MasterCards are traditionally used by a great number of travelers, as well as by people, who prefer paying for their purchases, making payments in hotels, restaurants and other entertainment venues.
Platinum MasterCard
This card is considered one of the premium ones offered by the issuer, because it provides customers with more benefits or privileges such as a more generous reward structure and other features that are aimed at offering the customer better purchase protection, etc.
World MasterCard
The World MasterCard is quite suitable for people who travel abroad a lot. It provides them with better price protection, as well as with extended warranty protection and ID theft protection options when making purchases or pay for services, including such provided in different entertainment venues.
World Elite MasterCard
This type of card is an appropriate choice for personal and business customers, who travel a lot and want to enjoy a luxury experience no matter where they are. The World Elite MasterCard offers a great list of extras and discounts, as well as some complimentary upgrades and bonuses.
How to Get a MasterCard
For starters, the best place to go is the bank, which services you are currently using. There you will be able to acquire all the necessary information when it comes to getting MasterCard.
You need to have in mind that some banks might want to charge you fees for the using such card. On the other hand, the advantages of using a MasterCard are so great, that spending a certain amount of money for getting one should definitely not stop you.
If you have a card that is part of the MasterCard network, you will not have to make a new one, because its features will be automatically extended to the ones that a MasterCard will provide you with. Making deposits to online casinos have never been so easy.
Getting a MasterCard also means that you will not have to learn any additional passwords and/or user Ids, or any other confidential data that is easy to forget but hard to remember. By getting MasterCard you will save yourself many troubles, because customers are offered full control of the card – just take it and pay in any online casino or other entertainment venue. Or if you do not have one – why don’t you go and get one right away? It is really easy!
Of course, MasterCards also have some setbacks. For example, withdrawals are not allowed all over the world. If you are travelling a lot, it might be a good idea to take a look at the list of countries that allow withdrawals with such card.
Advantages
The MasterCard-branded credit cards offers its users the opportunity to pay for purchases of goods and services on credit. The card is based on the customer’s promise to pay for the money back in a special transaction that may be one-off or divided in monthly instalments.
These conditions make the card a great choice for both personal and business users, including corporations. The convenience offered by the card is one of the main reasons why this payment method has become one of the most-preferred and attractive ones for users all over the world.
In addition, by using a MasterCard, it is easier for customers to keep track on their expenditures and easily pay for their monthly bills. These credit cards are also widely preferred when traveling.
Disadvantages
The largest setback of credit cards, and especially those branded as MasterCards, is the fact that such payments are so simple and easy that a customer may find themselves accumulating a large amount of debt. Users must be also careful when it comes to interest rates. The latter usually vary, but some cards are charged at an extremely high rate.
In addition, using such credit cards may push customers to spend more than they can actually afford. This is exactly why MasterCard must be used in a sensible manner that can guarantee that users will avoid unexpected problems.
Making Payments in Online Casinos
MasterCard will not charge you any fees on the transactions you are making. However, this does not mean that your bank will not charge you, but as you know, the bank fees vary depending on the bank you have chosen.
Once you get your card, it might be a good idea to take a look at it and make sure it is a valid one – it has to have 16 digits, expire date (4 digits) and 3-digit CVV2 number that can be found on the back of the plastic.
When making payment in an online casino, the latter normally requires these details. By providing this information, you will be able to fund your account.
Make sure the online casino you have chosen is reliable, because in that way you are bringing the chances of online fraud to almost zero, thanks to the high-level encryptions most of the well-known casinos are using.
Security
MasterCard is one of the major credit cards providers on the market up to date. It has set delivering security to its customers as one of its paramount priorities. Fraud prevention is an issue considered as extremely important not only for MasterCard, but for the entire industry.
This is exactly why the credit cards offered by MasterCard are provided in collaboration with all members of the payment card value chain in order to create innovative security solutions for cardholders personal and bank account data.
Conclusion
MasterCard has become one of the major providers of credit cards over the past few years. It has developed a secure, convenient and fast payment methods preferred by thousands of people all over the world when it comes to making purchases and paying for goods and services.
Of course, these credit cards also have their advantages and disadvantages, as any other payment method available on the market. That is why customers should carefully consider all pros and cons of the method before choosing a MasterCard.
FAQs
What is Mastercard?
Mastercard is one of the world’s leading payment service, usually in the form of credit or debit cards. These products make many people’s lives much easier on a daily basis.
Can I Use for Online Casino Deposits and Withdrawals?
As a matter of fact, this is one of the most widely used banking methods at numerous online casinos around the world, but you should be careful as it can sometimes lead to gambling addiction.
Are There Different Types of Mastercard out there?
Yes, there are Personal and Business cards, and on top of all that, there are different tiers of cards, including the Standard, Gold, Platinum, World, and World Elite, each with its own different features and perks.
How to Get One?
It can be picked up at virtually any bank in the world but check your local bank for terms and conditions.
Are There any Fees?
Usually it doesn’t, but this may differ from bank to bank, and different markets of the world come with different laws and regulations.