💻 Operator | bet365 | William Hill | CopyBet | BetMGM | Coral | Ladbrokes | Unibet | Betway | BetVictor | Kwiff |
---|---|---|---|---|---|---|---|---|---|---|
💳 Accepts Mastercard | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
💰 Claim Welcome Offer with Mastercard | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
🔢 Minimum Mastercard Deposit/Withdrawal | £5/£5 | £5/£5 | £10/£10 | £10/£10 | £5/£5 | £5/£5 | £5/£5 | £5/£5 | £5/£5 | £10/£10 |
👉 Visit Site | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard | Bet with Mastercard |
Mastercard is a payment card company that is widely used around the world, offering debit as well as credit cards. Along with the rival Visa, it is one of the biggest payment companies in the UK and these two are essential for the gambling industry. Seeing as credit cards can no longer be used for gambling, a Mastercard or a Visa debit card is the default.
Those who are familiar with betting sites in the UK will indeed know that Mastercard is offered by every single one of them. The convenience of this method cannot be overstated in that sense, but more and more people are opting against using a debit card these days. With the rise of e-wallets, it is hard for the classic debit cards to compete.
As alluded to above, while there are perks to using Mastercard as your payment method when betting in the UK, there are also some cons that punters should know about. Below, we have collected three pros and three cons of using this method. The main con, of course, is the slow withdrawals and this is something that most will be familiar with already.
Accepted Everywhere: The fact that you can deposit and withdraw with Mastercard on every single betting site is obviously a huge plus. Punters who want to use this method will not have to worry about whether the site accepts it or not, they just have to pick their preferred site and start betting.
Claim Welcome Offers: It is very common for betting sites to restrict sign-up offers for new customers to certain payment methods. Rest assured, however, you will always be able to claim a welcome offer with Mastercard as the deposit method. E-wallets such as Skrill can be a lot tougher, though.
Low Minimum Amounts: Another positive thing about using Mastercard as the payment method is the low minimum amount. This usually goes for both deposits and withdrawals, as sites tend to have a minimum amount of £5 for Mastercard. Of course, this could come in handy.
Slow Withdrawals: This is without a doubt the biggest reason why many punters opt against debit cards, Mastercard just as Visa, for online gambling. Betting with fast withdrawals is of the essence these days and given that withdrawals usually take 1-3 business days via debit cards, this is not fast enough.
Security: Let us preface this by saying that Mastercard is regarded as a safe payment method. However, some punters might not be comfortable with entering their card details on a betting site. This is also part of why e-wallets such as PayPal have become so popular lately, as everything happens off the betting site with that method.
Credit Cards Banned: Whether you have a Mastercard or a Visa-issued credit card, you will not be able to use this for gambling. As per Gambling Commission regulations, it has to be a debit card. Of course, Mastercard can do nothing about this but it is still worth taking into consideration.
If you have not deposited or withdrawn with Mastercard on a betting site before, you can follow our step-by-step guide below. The process is very straightforward, so you should have no issues regardless.
Given that every single bookmaker in the UK accepts Mastercard, this step will be very easy. However, we do recommend comparing the betting sites with your needs in mind. For example, if football is your go-to betting sport, we have listed our favourite football bookmakers. We also have pages for other sports, which makes your life easier.
Once you have picked a betting site and created an account, you need to head over to the cashier. You will usually find that there is a profile, account or balance icon in the top-right corner, so tap on that and then 'Banking'. It could also be a case of just tapping 'Deposit' or 'Withdraw' immediately. Once there, choose Mastercard.
If this is your first time depositing, you will need to enter your card details. The betting site will then save the payment method, which will make the process much easier for both deposits and withdrawals in the future. If you do not want to enter your card details, you can opt for an e-wallet instead.
Finally, you will need to enter the amount that you would like to deposit or withdraw. The Mastercard minimum amount is usually set at £5 for both of these, but Lottoland even accepts £1 deposits with this method. Once you have entered the amount, simply tap on 'Deposit' or 'Withdraw' to complete the process.
This will depend on the betting sites, but withdrawals with Mastercard usually take 1-3 business. It is not uncommon for punters to have to wait 5 business days, though, so it is far from the faster payment method around. As previously mentioned, this is also the main reason why punters choose to opt against using a debit card.
Mastercard does have an 'Instant Withdrawal' feature, which cuts down the withdrawal time to 1-4 hours, but this is not supported by all banks in the UK. Furthermore, only a few betting sites support this feature for the time being. This means that for most punters, the withdrawal time will still be 1-3 business days.
Isak is an experienced content writer with a background in sports journalism. Having focused mainly on football in the past, he certainly knows a thing or two about the betting industry. At BettingLounge, Isak makes sure that all of the content is up to date, specialising in reviews of UK betting sites.