With online betting becoming more prevalent, it’s important that you can use a payment method that suits you. After all, you’re going to be placing bets, which does mean an initial deposit has to be made. Luckily, these days, online sportsbooks accept a variety of different payment options catering to all players.
Betting Sites That Accept Mastercard
If you want to use credit and debit cards for your betting, then look no further than betting sites that accept Mastercard. It’s one of the most widely accepted payment methods at online sports betting sites. As such, it’s an ideal solution for both deposits and withdrawals.
Better still, we’re going to cover how to find the best Mastercard betting site, the advantages, and disadvantages of using this payment method, and even show you how to make a deposit.
What Are Mastercard Betting Sites?
Mastercard is one of the most popular credit and debit card payment options. The only other payment service that comes close is VISA. There are more than 10 million eCommerce platforms in the US that accept Mastercard. Impressively, it’s available across 200 countries as well making it a very versatile option and a name that’s recognized globally. Like VISA betting sites, a Mastercard betting site is, quite simply, one that accepts Mastercard as a payment option.
With online betting becoming more and more accessible in the States, betting sites are always looking for the best payment options. Unsurprisingly, Mastercard payment options feature very highly here as most Americans have debit or credit cards of some kind. As such, it’s very convenient for most players as they already have this payment option easily to hand.
However, online sports betting is still new in most States and Mastercard credit card acceptance isn’t always a given. For instance, most credit card betting sites will take deposits, but many still refuse withdrawals to Mastercard credit cards. Sometimes, your bank will block a gambling payment made using a Mastercard debit card from a checking account, even if Mastercard deposits are accepted on the betting site. This is simply because it’s a policy issue. As such, having a backup option such as prepaid cards (which can be done with Mastercard) or a PayPal account, can be handy.
10 Best Mastercard Betting Sites in the US for 2024
To kickstart your Mastercard sportsbook journey, we’ve listed some of the top sports betting sites that accept Mastercard payments. Simply choose the one that appeals to you. Here’s our top list of Mastercard sportsbooks.
- Caesars Sportsbook
- DraftKings
- BetMGM
- FanDuel
- Bet365
🥇Caesars Sportsbook
One of the top betting brands out there, Caesars Sportsbook has an array of different betting options and sports available. There’s a great selection of Caesars payment methods too, including Mastercard, Play+, PayPal, and VIP Preferred. It also can accept credit cards. While Mastercard deposits are available instantly, withdrawals are not permitted.
🥈DraftKings
For fast withdrawals, this is a great option. DraftKings has got competitive odds and a wealth of different bet types to choose from. It’s also got one of the best DFS sections anywhere in the States. All of this is simply boosted by the great selection of payment methods at DraftKings. These vary by state but include Mastercard and VISA debit and credit cards, Play+, Venmo, PayPal, online bank transfer, and DK Gift Cards.
🥉BetMGM
This well-known BetMGM brand has a wide array of different bets and sports available. The app is easily accessible and available in many states. There is also an eclectic set of payment options available for both BetMGM deposits and withdrawals including prepaid cards, credit and debit cards, eWallets, Venmo, Play+, and more. This is a great choice if you’re looking for credit card betting sites. For Mastercard, there are wide deposit limits from $10 to $30,000 and no fees attached.
🎖️FanDuel
As a market leader in the US sports industry, FanDuel is known for offering punters a variety of sporting tournaments as well as a wide range of payment methods. This includes the use of Mastercard credit cards. All FanDuel deposits are free and withdrawals vary depending on the method you choose.
Players also have access to other payment methods such as PayPal, online bank transfer, and FanDuel Prepaid card. The site offers a user-friendly interface and secure platform. It also offers players an array of sports to choose from where players can also build parlays, place future bets and enjoy live games.
Bet365
This online sportsbook offers a range of convenient and secure payment methods. Customers can choose from popular options such as credit cards (Visa, MasterCard), PayPal, online banking transfers, and prepaid cards. This selection ensures that players have adequate choices for depositing and withdrawing funds at bet365.
When it comes to betting, bet365 offers a comprehensive online sports betting platform. In fact, it offers an extensive range of sporting events to wager on. In addition to traditional pre-match bets, bet365 offers a variety of innovative features such as in-play betting that allows users to place wagers while events are in progress.
How to Find More Top Mastercard Betting Sites
The number of sportsbooks available in the US is growing and each online betting site has its pros and cons. And, we want to make sure you have the very best gaming experience.
What we check out:
- Legality
- Security
- Payment options
- Providers
- Competitive odds
- Bonuses and promotions
- Customer support
First, we check legality. Since the repeal of PASPA in 2018, each state is now able to license sports betting sites individually. This means that all Mastercard online sportsbooks must have a license from that state’s governing body.
We also check that there are SSL encryption protocols in place. This prevents unwanted third parties from accessing your online sportsbook account. Therefore, they should have a Know Your Customer (KYC) protocol in place.
We always take a peek at the payment options too. Yes, we’re going to put an emphasis on Mastercard online sportsbooks when looking for this payment method, but it’s always good to see what other options are offered. We check that there are different options for deposits and withdrawals so that you can find another suitable method if necessary.
Additionally, only the best providers should be used. We look at the fees involved with any payment option. Typically, a credit card transaction (using a credit card and a debit card) can have fees in place.
We also check for competitive odds. Not all online sports betting sites have the same odds, so it’s worth shopping around. You should also check out the sports and bet types available at online betting sites and credit card betting sites. We like to see moneylines, parlays, props, futures, over/unders, and point spreads.
A strong feature to really propel your gaming to the next level is bonuses and promotions. Betting sites that accept Mastercard tend to have a selection of promotions linked to Mastercard credit card payments. Mastercard betting site deposits will often elicit bonus bets. Of course, all of these do come with terms and conditions as well as wagering requirements, so check this out.
Finally, it’s essential that there is a strong customer service system in place. You should be able to get in touch with someone 24/7, preferably by live chat. FAQs should be comprehensive.
How to Make Mastercard Deposits on Online Sportsbooks
If you feel that Mastercard is the option for you, then take a look here as we help get you started with your Mastercard account.
- Choose a sportsbook — Find a sports betting site that accepts Mastercard credit cards. You can either use the desktop version or download the mobile app and sign up for an account that way.
- Make an online sports betting account – either on the app or desktop, click on the sign-up button. This brings you to a form. Fill out your name, address, last four digits of your SSL, and a few other pertinent details. Confirm your location and identity and check the box to show you’ve read the terms and conditions.
- Claim the bonus – if there is a welcome offer or bonus bets offer, claim it. You might need to simply click an opt-in box, or you may have to copy in a promotion code.
- Make a deposit – with your account up and running, go to the banking or cashier section of the online sportsbook. Click on Mastercard credit cards. Then, fill out the credit card authorization form. Type in the name on your credit or debit card, the card number, the expiry date, and CVV on the back. Type in the amount you want to deposit from your bank account to the online sportsbook and confirm the transaction. Mastercard credit card deposits should be instant.
- Place a bet – you can now begin online betting. Go to all the sports listed and find the sport and specific event that interests you. Select your bet type, make your picks, and then put the wager amount in the bet slip. Review all your choices before confirming your bets.
- Claim your winnings – if you’re lucky enough to win, you’ll need to claim those winnings. However, you may have to use a different payment type on your sports betting account to claim. Most online sportsbooks don’t allow Mastercard credit card withdrawals though you may get lucky and find one that allows debit card withdrawals. Generally, you’ll need to use a different payment method for withdrawals to your bank account such as eWallets or bank transfers.
Can You Make Mastercard Withdrawals on Betting Sites?
Unfortunately, it’s not always possible to use Mastercard to make a withdrawal. Some top sites will let you withdraw winnings using Mastercard debit cards though. However, you should always check to see whether withdrawals with Mastercard are available at your chosen online gambling site.
If they are here’s how you can claim your winnings:
- Sign in to your online betting account – head to the banking section and use the same deposit method.
- Meet wagering requirements – ensure you’ve met all the requirements if you’ve used a bonus. Otherwise, you won’t be able to get your payout.
- Get a payout – type in the card number, name, and CVV. Select the amount you would like to withdraw and confirm.
- Wait – typically, Mastercard betting withdrawals can take anywhere from 1 to 5 days.
Mastercard Fees & Costs
These days, most sites won’t charge fees themselves though you should check the terms and conditions to make sure. However, for Mastercard, you may find that your bank does. This is because your bank sees the credit card payment as a cash advance even though it’s a deposit.
Benefits & Drawbacks of Using Mastercard for Online Betting
Using Mastercard makes it very easy for you to top-up your sportsbook account speedily. So if you really want money to get into your account quickly, Mastercard is an option you can rely on.
However, there are some disadvantages to using Mastercard, particularly when it comes to credit cards. For instance, the vast majority of sports betting websites don’t actually let you use Mastercard for withdrawals.
To give you the low-down, here are some of the main advantages and disadvantages of Mastercard sports betting sites.
✅Benefits
- Easy to get a Mastercard
- Accepted as a deposit option at many online sports betting sites
- Speedy deposits
- Wide minimum and maximum deposit limits
- Credit card deposits covered by the Fair Credit Billing Act
❌Drawbacks
- Cannot make withdrawals at most sportsbooks
- Fees attached to Mastercard payments
- Banks can block gambling transactions
Banking Methods like Mastercard at Sportsbooks
Now, at this point, we’ve covered all you need to know about Mastercard sports betting websites. But, we’re aware that this payment option is simply not for everyone. Maybe you don’t want to use a credit card, or you simply don’t own a Mastercard.
Whatever the reason, there is a range of alternative payment methods at most online betting sites. Take a look at this table to see how options such as VISA debit, prepaid cards, eWallets, and more, all compare to Mastercard.
💳Payment method | ⏱️Deposit time | 💵Minimum | 💰Maximum | ⌚Withdrawal speed | 💲Fees |
---|---|---|---|---|---|
Mastercard | Instant | $10 | $30,000 | 1 to 5 days | ❌No |
Visa | Instant | $10 | $30,000 | $30,000 | ❌No |
PayPal | Instant | $30 | $10,000 | 24 hours | $5 |
Venmo | Instant | $10 | $3000 | 24 hours | 1.75% |
Bank Transfer | Up to 24 hours | $10 | $30,000 | $30,000 | Bank fees |