Before you can start enjoying the fruit of your hard work gambling online, you have to first withdraw it. These days, you have an array of options to choose from, including bank wires, money transfers, checks, and more. However, the easiest way to withdraw your takings from your account is by plastic- whether that means using a prepaid card, credit, or debit card.
Mastercard is the mother of them all. Ask around and it is likely that at least 5 of the people in your close inner circle have got at least one Mastercard in their wallet or purse. As one of the world’s foremost financial brands and a key player in international payment processing ever since it was founded in 1966, Mastercard is the ultimate way gamble online
Why Mastercard over all else?
The numbers speak for themselves- more than 25,000 financial institutions across the globe are part of the MasterCard family. If that isn’t enough to convince you, close to 160 million transactions are processed on MasterCard every hour. A business doesn’t enjoy these kinds of numbers if it’s not doing something right.
In particular, when it comes to funding your gambling hobby or profession, Mastercard is a convenient, safe, and stress-free alternative. If you already have a card with you, you don’t have to concern yourself with lengthy processes to put your card to use.
Although Mastercard is a great way to make your deposits, here is something you should know- many of the New Jersey casinos that accept deposits through Mastercard will not allow you to process your withdrawals using the same method. Check each New Jersey Casino Operator before engaging with them if MasterCard is your preferred deposit/ withdrawal method here: Borgata, BetMGM, PartyCasino, 888 Casino, William Hill, Caesars, SugarHouse Casino, Golden Nugget, Tropicana and Virgin Casino.
Still, it is a super convenient way to complete quick transactions so that you can start playing within minutes. So, let’s take a deep dive into everything you need to know about the Mastercard system and how you can use it for your favorite online NJ casino games, poker sites, and sportsbooks:
The history of Mastercard
Mastercard has with us for a while now, 53 years to be exact. When it was founded in 1966 as a competitor to VISA which was dominating the US credit and debit market at the time, it went by the name Master Charge. Thousands of well known and respected gambling institutions allow their customers to deposit using their MasterCard credit and debit cards.
However, less than half of those gambling establishments allow their customers to make withdrawals using their Mastercard debit cards. This isn’t just an issue that’s reserved for Mastercard holders- VISA users experience the same problem.
Why? Strict internal policies that include restricting withdrawals for gambling operators. Nevertheless, if you still want to continue using your Mastercard for deposits, as well as withdrawals, there are a handful of online New Jersey casino sites that have found loopholes to allow this.
Why should you give MasterCard a chance?
By now, you already have a clear picture of how powerful and efficient MasterCard is. Specifically, for people who like to gamble, MasterCard is an easy way for an individual to move money into an account and, in some selected cases, out of it. Here are some more reasons why MasterCard is such a catch:
Convenience
If you want convenience when making withdrawals and deposits, you can’t beat what MasterCard offers. You will not be required to login to set up a new account if you are signing up as a new user.
As a matter of fact, you can continue using your Mastercard at your favorite online gambling site in the same way you would carry out a transaction at the grocery store or when shopping for clothes- that’s how convenient it is.
Instant money transfers and withdrawals
Whether you are depositing or withdrawing by Mastercard, the results are instantaneous. Unlike most alternative payment methods like PayPal or Skrill, Mastercard is a single step process where you simply punch in your card numbers as prompted on the deposit or withdrawal screen and it’s done; no fuss, just instant results on your command. Are you a sportsbetting player? Then check out our reviews for the legal sports betting operators in New Jersey here with regards to their MasterCard policies: 888 sportsbook, William Hill Sportsbook, DraftKings Sportsbook, Borgata Online Sportsbook, Hard Rock Sportsbook, BetMGM Sportsbook, PointsBet Sportsbook, FoxBet Sportsbook, and FanDuel Sportsbook.
No worries about security
If you are going to make payments or withdrawals online, you want to be confident that everything is secure right? Part of the reason Mastercard has done so well for itself over the years is the level of security it offers its users. Mastercard has taken active steps to protect you from fraud and theft with every transaction made.
Of course, it goes without saying that you should still exercise caution whenever using your card online so that your personal information can remain just that- personal. However, you can proceed with your transactions using Mastercard knowing that you are using one of the most secure platforms known to man- and that’s a big deal.
Cashbacks for the win
One of the perks associated with MasterCard is its cashbacks. Some Mastercard products allow customers to earn cashbacks on spending, which applies to all sorts of purchases from buying a pair of shoes to making deposits in your online betting account. The cashbacks received may only be a small amount but they go a long way in helping to keep your gambling costs down.
Mastercard allows volume deposits
When you feel lucky and want to deal with hefty sums, MasterCard is your go-to. Mastercard supports large deposits and withdrawals more than any other platform. If you are a high roller, you’ll want to stick with it as much as possible.
What’s not to like about MasterCard?
Although we’ve done a pretty great job of explaining to you why Mastercard is an awesome choice for your gambling expeditions, there are some downsides. Although some disadvantages exist, the positives heavily outweigh the negatives. Still, you will want to keep your eye out for these drawbacks.
Fees
Whenever you use your card, you should expect some processing fees associated with every transaction. The fees vary from one NJ casino to the next, as does the type of Mastercard you hold. However, there won’t be any surprises because well-posted notices let you know about all fees.
Withdrawal support is disappointing
As mentioned earlier, many New Jersey casinos do not offer support for withdrawals on Mastercard. This is strictly a Mastercard issue and does not signal a problem with your NJ casino of choice. That said, there are ways to get around this limited support.
If you have any doubts, make sure you check with your New Jersey casino to determine whether or not it allows both withdrawals and deposits using MasterCard. If your chosen NJ casino does not allow both, you should still be able to withdraw your funds to your bank account.
New Jersey customers have reported problems
Due to restrictions under the antiquated Federal Wire Act that causes problems for so many gamblers, many US customers tend to experience problems with their MasterCard, particularly as it pertains to withdrawals.
Mastercard isn’t as discreet as some would like
Let’s be real here- some gamblers simply don’t want reports and summaries of their gambling transactions and escapades showing up on their monthly statements, which is completely understandable.
If you are one of those individuals who prefer to keep their gambling transactions to themselves, MasterCard isn’t as discreet as you might hope. If your gambling demands the utmost secrecy, Mastercard will leave a trail so you would be better off looking for an alternative payment that can cater to your needs.
The case for New Jersey casinos that allow you to withdraw your winnings through MasterCard
As a general rule of thumb, you will find it hard or almost impossible to withdraw your winnings through MasterCard. However, certain exceptions will find a way to miraculously send your withdrawal money back to your card. No one knows exactly how these sites pull it off so if you find a decent NJ casino that allows this, then you should stick to it like glue.
How do you withdraw from your MasterCard?
Although it can be problematic, some NJ casinos will allow you to receive withdrawals to your card. You will be required to fill the same fields as you would when depositing and your card will reflect the withdrawal in 3 to 5 business days.
However, for the first withdrawal you make, you will most probably need to verify a few points of personal information and provide copies of your personal documents as well as your card. Additionally, if you want to use your card for other withdrawals, make sure you use it to deposit your funds as well.
A word about responsible gambling using your Mastercard
The convenience and security offered by Mastercard are outstanding. However, you should know that MasterCard offers its customers high limits and it’s easy to get carried away. It is generally a bad idea to gamble using money that you don’t have or cannot afford or risk losing. Gambling should be a fun, recreational activity, not something that tears you apart from your family, friends, and loved ones.