Mastercard Sports Betting Deposits

Mastercard Sports Betting Banking Options

All the best US sportsbooks typically offer four different categories of support for the platform: credit, debit, prepaid cards, and gift cards. Of these methods, we prefer gift cards, as these have the highest rate of success in cutting through the meddlesome red tape of the UIGEA law.

Still, all the Mastercard banking options supported are extremely secure, and they each work the vast majority of the time. You can choose from the following card-based deposit options:

Mastercard Credit Cards

Most online sports bettors use typical Mastercard credit cards. While these options carry fees of between 3% and 7% at most books, they’re usually waived for first-time depositors.

Additionally, there are international transfer fees levied by your bank when going this route, so you should take those into account as well.

And, of course, due to the UIGEA law, about one in every 20 or so Mastercard deposits will be declined. Still, if that happens, you can try again in a few minutes, or you can use an alternative payment option, like a Bitcoin betting deposit.

Mastercard Debit Cards

All our favorite gambling sites accept debit cards in addition to credit cards. When you use a Mastercard debit card to load up your online betting account, you may or may not have to pay the same fees as with the credit card option, and international surcharges also apply. Similarly, the UIGEA will occasionally prevent these transactions.

Still, debit is a viable option, and many bettors exclusively use their debit cards for their online gambling banking. Transactions are instantaneous when they work, and rejected transfers do not result in your card being disabled in any way.

Mastercard Prepaid Cards

In general, using a prepaid or a Mastercard secured credit card works well for bet funding, as this is less likely to be hung up by the UIGEA. All the same fees do apply, but the increased success rate means you won’t have to worry as much about missing out on time-sensitive betting lines when depositing this way.

However, a word of caution: Secured credit cards are primarily used to help you build your credit score, so it’s imperative that you keep that in mind and make only smaller, easily manageable deposits.

Of course, that’s easy to do, since you’ve already got a set amount of money backing that prepaid card and can’t functionally go over your limit. As long as you’re responsible, prepaid Mastercard online gambling is a great way to secure your financial future – and those valuable futures odds!

Mastercard Gift Cards

Our preferred method of Mastercard deposits is to use a branded gift card or e-gift card. These are already entirely funded, which means that the UIGEA almost never interrupts or sidelines such transactions.

Again, the typical processing fees apply, and with gift cards, you must ensure that your card is rated for international purchases. Remember, all the best online sportsbooks operating legally over the Internet are located outside of the US, which means that all transactions are international in nature.

If you attempt to use a gift card that is rated only for US purchases, your bet funding will not go through. All in all, however, if the bettor in your life wants the perfect gift, Mastercard is an excellent option.

Visit the official website of MC to learn more about what they offer and to apply for a card.