From 1966 to 1969, the network was known as InterBank. It was changed to Master Charge in 1969 and lastly to MasterCard in 1979. Since then, the longest era of the same stylization began. Of course, we’re referring to the unique MasterCard logo with the uppercase “C”.
Mastercard is a giant within the global payments industry, which also includes the likes of Visa, American Express and Discover. These major payment card processors are responsible for processing the payments made with debit and credit cards issued by major banks and other financial institutions.
These popular debit/credit cards can be used to make everyday purchases, including transactions at many cricket betting apps in India. In fact, Mastercard is available and loved all over the world not just for betting but also for many other online transactions.
A complete guide using MasterCard in Indian betting Apps
MastercardVISA debit or credit cards can be used on a betting app in India in the same manner as any other online payment option like credit cards.
How to get Mastercard
There are many ways to get a card, and all of them are fairly simple. There are many types of Mastercards that you can get, and each bank will have different requirements.
Mastercard Prepaid Card
The prepaid cards are the best choice for privacy conscious punters. You can purchase prepaid cards with cash from a variety of Indian retailers. These cards can then be used at your favorite Mastercard betting sites.
If you don’t want to give personal banking information to a betting app operator, a prepaid card is the best option.
Mastercard Credit/Debit Cards
Through any of the Indian banks is the most popular way to get a Mastercard. Mastercard betting applicationss will accept any debit card issued by major Indian banks. A majority of accounts will be issued a Mastercard for payment, and credit cards can be easily applied online or in-branch.
Keep the following handy when applying for a credit-card.
- Identification card
- Income proof
- PAN card
- Aadhaar card
These documents and a generated credit score will be checked to see if you are eligible for a Mastercard credit.
How to open a Mastercard account?
Mastercard works with local credit unions and banks as a payment network. You will need to obtain your Mastercard from your bank, either by debit or credit.
We analyzed all the ways you can get MasterCard. Now it is time to open your account.
We can’t provide a complete guideline on how to get Mastercard. However, we can help you navigate the process and make it easier.
- First, choose a bank that is convenient for you and has a good reputation in your local area.
- You can find a customer service representative by walking into the bank. You can also call the bank’s 24/7 helpline to obtain the information you require.
- You can immediately fill out a form if you are eligible for a credit or debit card. You will need to open a bank account first if you want a debit card.
- Complete the form and send all required documents, such as your bank statements, salary certificate, proof of address, etc.
- The card should arrive within one week. Once the card is issued, the bank will notify you.
Depositing with MasterCard in betting apps
You can choose a Mastercard betting app from the list at the end of this guide. All of these applications have been tested by our experts to make sure they are Mastercard-compliant.
Follow the steps to make your deposits:
- Log in/ Create your account. The registration process is usually quick and takes only a few moments.
- Navigate to the deposit page. You will find a deposit button on many operators’ accounts. Click on the deposit button if you see it.
- Enter the amount that you wish to deposit.
- Select Mastercard and enter your card number.
- To authenticate the transaction, enter the SecureCode that you have been sent.
Withdrawing with MasterCard in betting apps
We’ve said that Mastercard withdrawals may not be available at all online sportsbooks. However, you can find it at most of the online sportsbooks. You’ll be able to identify the best way to return your winnings.
Follow the steps that we are sharing with you now.
- Log in to your bookmaker account. Navigate to the cashier section. You may also find a withdrawal option on your account.
- To select Mastercard again, click on the withdraw button. If you have already used the Mastercard for a deposit, it might be already selected.
- Enter the amount that you wish to withdraw. Be sure to keep it below the limit set by the bookmaker. The request may be declined by the bookmaker in the event of a violation.
- Complete the form and click “Submit”.
- Many bookmakers offer a pending period. This is for players who decide to withdraw. After the processing is completed, the money will be in your Mastercard in 3-5 days.
MasterCard Pros and Сons
Mastercard is well-known for being the most preferred and most established payment method for just about anything! Often, our players’ search criteria involve the best Mastercard betting apps before they settle on an option.
Highly accepted across the globe and relied on by millions, payments can be made at almost any betting app. However, as with anything, there are both advantages and disadvantages to using Mastercard at betting appss in India.
Below are the benefits and drawbacks of MasterCard.
|Instant deposits with no fees.||Indian punters who visit UK betting sites may experience a problem.|
|It is versatile . This means that you can fund an e-wallet or buy Crypto with it.||Withdrawals are slow (1-5 days)|
|It is accepted by almost all Indian Betting Apps.|
|100% Security & Safety|
Alternative to MasterCard
We spoke about MasterCard advantages and general info, but there is a small chance the Bookmaker cannot offer this specific payment method.
What can we do? Does this mean that you can’t bet ?
Well, of course not ! There are always great alternatives and we assembled a sample for you to choose.
UPI – UPI or Unified Payments Interface is another great invention by the Indian government to unify and streamline online bank transactions. It is a real-time payment system and it has an app you can download to your device.
Skrill- Simply put, Skrill is an e-wallet that allows flexible and fast transfer of funds. Since Skrill is backed up in more than 200 countries and in almost 40 currencies, it’s a famous choice among bettors. The Skrill facility makes it easy for players to connect their accounts to bank, debit or credit cards. It is simple and easy to use.
Apple Pay – Apple Pay is a famous mobile payment system provided by Apple Inc.It uses a wallet which you fund in order to make online payments and transactions.
Mastercard is internationally recognized as a payment network.
Yes! Legal online sports betting that accepts Mastercard options is well-known for being one of the safest. Generally, the Companies that accept Mastercard are also credited & legal. It’s vital to be within the betting laws of your specific country.
These payment networks are available at Mastercard betting applications for many reasons. The payment networks are trustworthy, secure, and worldwide accepted.
There are no Mastercard-accepting betting applications. You will need to make a payment for your bank account or credit card maintenance each year.
Most Mastercard deposits will be processed without any technical difficulties, unless there is a technical problem.