The international company MasterCard Worldwide (MasterCard Incorporated) is the main competitor of Visa payment system, occupying almost the same share in the market of electronic payments. Today this corporation unites more than 20 thousand financial institutions, located in 210 countries.
Many people mistakenly believe that this is a European company, because most of its cards are denominated in euros. However, this is not the case. The main office of the corporation is located in New York, the main headquarters of the most important divisions, are also located in the United States.
Login and registration to MasterCard
The company was founded in 1966, when several banks in California decided to create a competitor to the first plastic cards BankAmericard (the future Visa).Initially the firm was called Master Charge/Interbank.In the first years of operation the banks that founded the corporation were constantly merging and "merging", until a stable group of financial institutions was formed.
After a couple of years (1968), the company entered the international market, making an agreement with a Mexican bank. At the same time, partnership agreements were made with the Eurocard payment system based in Europe. This gave MasterCard access to the European market of electronic payments and gave it a strong foothold.
Untrustworthy Britain (however, as always) "delegated" its own card system Access to join the new European corporation only in 1972.
In 1979, the corporation rebranded and became MasterCard International.
At the very beginning of the 90's, when crime was rampant in the former Soviet Union, MasterCard finally absorbed the British company “Access card”, and the name was quickly forgotten.
- In 2006, the corporation changed its name again and got the now familiar name of MasterCard Worldwide. In the same year, the company's shares appeared on the stock exchange;
- The sphere of e-commerce MasterCard was significantly expanded in 2010, when the corporation was bought by the British payment processing center DataCash.
Today the corporation owns the following trademarks:
- MasterCard - basic or basic;
- MasterCard Electronic - positioned as a "light" product for use in environments with significant risks: unreliable cardholders, primitive street retailers where fraud is possible, etc;
- Maestro - Debit card service with a link to a bank account, а payment method that is no less popular in Canadian online casinos that accept the Maestro.
All processing centers and cardholders are integrated into one financial network. It is headquartered in the United States. The MasterCard payment system is considered more resistant to failures compared to its main competitor, as different tools are used for transactions.
Reliability and security
The corporation is the second most popular in the world. Accordingly, much attention is paid to issues of reliability and security. There is a large section on the company's official website called "Global Privacy Policy. There you can explore detailed information on these issues.
Given the complex foreign policy environment, as well as the company's policy, MasterCard customers should be prepared for the fact that personal information and confidential information can be shared with third parties:
- To the security service of the bank that issued the card or other third parties: merchants, service providers, and others;
- Employees of the U.S. headquarters or affiliated entities;
- Law enforcement if the cardholder is suspected of fraud or other illegal activity.
The company's clients are protected from fraudsters quite well.All transactions are conducted through closed channels using encryption. If you keep your passwords and PIN codes securely, it is difficult to hack your bank account and the cards tied to it.
Working with clients
Today you can get a plastic MasterCard in almost all countries. Anyone wishing to become a holder of the corporation's product can apply to one of the banks in their country to have a plastic card issued. Today it's possible to do it without leaving home through the World Wide Web. A huge variety of cards allows you to make the best choice.
The currency of the account to which the card will be linked may be different and depends on the capabilities of the issuing bank, the country and other factors. Euro accounts are very popular as today they are considered the main currency of MasterCard. Tariffs and limits for plastic cards service are very diverse, as it depends on many factors:
- The appetite of the bank;
- Type of plastic card;
- The state in which the holder resides;
- Other factors.
Check with your bank's branch for detailed information.
Clients can order social, pension, salary, credit and debit cards. Virtual cards, which are often used in electronic wallets (linked to the owner's account), are quite widespread. Multi Currency cards, which can be linked to accounts in different currencies, have become popular in recent years.
- Mastercard Maestro;
- MasterCard Standard;
- Gold Mastercard;
- Platinum Mastercard;
- World Mastercard;
- World Mastercard Black Edition;
- World Elite Mastercard.
Popularity of MasterCard in Online Casinos
Previously, the company's cards were very popular among players, as they are used in any online casinos. If the club is allowed to play in euros, then it is much more profitable to make transactions exactly with MasterCard cards, since the main currency of settlement is European money.
How to make a deposit to the casino via MasterCard?
To make a deposit, you must be a registered user of the gambling resource. It is necessary to go to the cashier/personal account and select the MasterCard icon. After that, it is necessary to follow the instructions of the system (the payment process is very similar to shopping in an online store). The player must specify:
- The amount of the deposit,
- Card number,
- Expiration date,
- Secret code CVC2 (three digits on the back of the card),
- Name and surname of the holder.
Payment transactions are made as quickly as possible. We recommend you familiarize yourself with the list of gambling establishments in which payment method MasterCard is available, here is our rating of the best online casino gaming sites in Canada.
How to withdraw money from a MasterCard casino?
To withdraw money from the game account to MasterCard, you need to go to the cashier/personal account and select the logo of the company. Next, it is necessary to enter the amount of withdrawal and the card number. After that, the administration of the casino will begin to process the player's application. Depending on the club, it may take from a few hours to 1-3 days. Receipt of funds to the card may be delayed by 1-7 days (depending on bank).
Withdrawal limits may vary, you should study the rules online casinos before leaving a request. Some online casinos do not allow withdrawals to MasterCard.
Do not forget to carefully read the terms and conditions.
At our editorial office, we specifically recognize the acceptance of Mastercard payments as a criterion that elevates casinos to the esteemed category of the best payout casinos in Canada.
Best MasterCard casinos online
MasterCard Worldwide is a popular and ubiquitous payment system, without which it is difficult to imagine the modern financial world. Millions (if not billions) of people all over the world use the company's plastic cards, which makes it much easier to pay for services and purchases.
According to the RBR's Global Payment Cards Data and Forecasts to 2020 report, the aggregate card portfolio of Visa and MasterCard represents 69% of the nine billion payment cards issued in the Americas. (Global Payment Cards Data and Forecasts to 2020), the combined card issuance portfolio of Visa and MasterCard represents 69% of the 2.9 billion payment cards issued in the nine countries of the Americas covered by the study, and this figure continues to grow. The RBR study shows that while Visa is the largest card payment system in the Americas, MasterCard overtook it in 2014 in terms of issuance volume (up 1.3 percentage points versus 0.3 percentage points, respectively). Cards issued by own-brand merchant networks still account for a significant share of the total number of cards in the region, but the latter is gradually declining.
Pros
- Affordability of receipt;
- The speed of issuance;
- Multicurrency;
- Dissemination;
- Convenience of payment;
- High reliability and security.
Cons
- Transfer of personal information to third parties by special request
- Close attention of tax authorities to performed transactions
