Online casino players in New Zealand have plenty of payment methods to choose from, but MasterCard is one of the most accessible. We estimated that more than 75% of all online casinos will allow you to make deposits using MasterCard, and that's because it's one of the best options around as far as simplicity and security are concerned. Of course, no payment method is perfect, and there are also one or two drawbacks to using MasterCard at casinos. Read on and we'll give you the pros and the cons so that you have the whole story.
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MasterCard: A Brief Overview
Credit card companies are nothing new, and MasterCard has been around for decades. It has its roots in a company founded in 1966, and when its credit card first appeared (with the familiar two-circle logo) it was called Master Charge: The Interbank Card. The name was shortened to a much more user-friendly MasterCard name in 1979, but the logo has remained - in one form or another - ever since. Today, MasterCard is one of the biggest payment processors in the world.
There are many reasons for MasterCard's success. One is that it allows people to make purchases without having to use cash. Another is that customers can choose to spread repayments over a period of time, or "buy now and pay later". As far as using MasterCard online is concerned, this payment method is widely trusted as being one of the most secure and reliable.
The process of making a MasterCard casino deposit is as easy as anyone could want it to be. All you have to do is head to the banking area of your casino and proceed as follows:
Some casinos may also ask for you to provide your full address or your zip code and the first line of your address. If so, you should provide them as requested.
When you have submitted the deposit request, the details you have entered will be checked, just as they would when using the card at any other online retailer. When the payment has been approved, your deposit will be credited to your casino account without any further delay.
For the purposes of safety and security, it is only possible to make withdrawals to a MasterCard that you have already used to make a deposit at the same casino. Assuming that is the case, the process of withdrawing is even simpler than depositing, as summarised below:
You may be asked for your casino password to authorize the withdrawal. If that's the case, provide it as requested. Your withdrawal will then be processed by the casino before being handed over to your card provider. Allow anything from three to six working days for your cash to reach you.
Mastercard NZ Charges
While most casinos do not usually charge their players for making deposits via MasterCard, your card issuer may do so. That's because casino deposits are actually transfers of cash from the card company to the casino, so the card issuer may process the transaction as a cash advance. Be sure to look through the terms and conditions of your credit card agreement so that you are aware of what fees and interest rates such transactions will incur, if any.
For those of you who are wondering why players should be keen to use MasterCard at NZ casinos in the first place, there are in fact a number of benefits. Consider the following:
Pros and Cons
Alternative Payment Methods at NZ Casinos
MasterCard didn't become one of the biggest payment processors by accident. On the contrary, it reached its current level of success by doing what it does incredibly well. Not only is MasterCard safe and secure, but it is also widely accepted at online casinos. In addition, when you deposit using this method, your cash will be available to play with just as soon as the transaction has been approved - something that normally happens instantly. The only problems you might have with this method are that deposits can incur charges and higher interest rates, and withdrawals often take several business days to complete.