Mastercard Betting Sites in Canada

Mastercard has long been recognized as a dependable payment method, and its integration into the online betting industry provides users with both convenience and security. As one of the largest financial services corporations worldwide, Mastercard offers swift transactions which make it an ideal option for bettors looking to deposit and withdraw funds from online sportsbooks and casinos. The widespread acceptance of Mastercard by online betting sites ensures that bettors can easily find a platform that supports this payment method.

mastercard icon

The ease of use and the secure nature of Mastercard transactions are two of the primary reasons for its popularity among online gambling enthusiasts. The company’s advanced security measures, such as chip technology and confidential personal identification numbers, add an extra layer of protection against fraud. This reassures users that their financial details and transactions are safeguarded when placing bets online.

Betting sites that accept Mastercard typically offer a range of betting options and markets, catering to a variety of preferences. Whether individuals are interested in sports betting, casino games, or online poker, they will likely find Mastercard to be a versatile payment method across different platforms. Moreover, these sites often provide bonuses and promotions to users who choose Mastercard as their payment method, further enhancing the betting experience with additional rewards and incentives.


Mastercard Betting Sites in Canada 2024

Expert Rating
Highlights
 
Welcome Offer
99/100 Read Review
$300
On first deposit
Visit 22bet
  • Enormous number of betting markets
  • Live & in-play betting with early cashouts
  • “One-click bet” system for fast, easy betting
93 Payout Ratio
$300 On first deposit
Visit 22bet
  • Enormous number of betting markets
  • Live & in-play betting with early cashouts
  • “One-click bet” system for fast, easy betting
22bet Review
  • Receive a 100% Bonus after your qualifying bets with a total stake of five times your initial qualifying deposit
  • odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7
94 Payout Ratio
  • Receive a 100% Bonus after your qualifying bets with a total stake of five times your initial qualifying deposit
  • odds of at least 1.5 on single bets or multi bets with cumulative odds of 1.7
20bet Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble. General 20bet Terms and Conditions apply unless otherwise stated.
  • Live Streaming
  • Early Cashout
  • Statistics and Handicapping Tools
93 Payout Ratio
  • Live Streaming
  • Early Cashout
  • Statistics and Handicapping Tools
Ivibet Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble.
  • Fast Withdrawals
  • Excellent Selection of Sports
  • Live Streaming
93 Payout Ratio
  • Fast Withdrawals
  • Excellent Selection of Sports
  • Live Streaming
Vave Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble.
  • Generous welcome offer and ongoing sports promotions
  • Good selection of sports
  • Competitive odds
93 Payout Ratio
  • Generous welcome offer and ongoing sports promotions
  • Good selection of sports
  • Competitive odds
Vulkanbet Review
19+. Gambling can be addictive, please play responsibly: This promotion offers three different bonuses: 100%, 125%, and 150% of the deposit total. • Opt-in required • Terms apply
  • Streamlined and simple user interface
  • Excellent new user bonuses & daily bonuses
  • Huge variety of sports & betting markets
93 Payout Ratio
  • Streamlined and simple user interface
  • Excellent new user bonuses & daily bonuses
  • Huge variety of sports & betting markets
Spin Sports Review
19+. Gambling can be addictive, please play responsibly: 1st Deposit - Free Bet up to C$ 200 • New customers only • Min deposit C$ 10 • Wagering at odds of 1.3+ to unlock free bet • Opt-in required • Terms apply
  • Fast Withdrawals
  • Competitive Odds
  • A Full Range of Sports and Betting Markets
93 Payout Ratio
  • Fast Withdrawals
  • Competitive Odds
  • A Full Range of Sports and Betting Markets
Slotimo Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble.
  • Excellent sports coverage
  • Generous welcome bonus with low rollover
  • Fast withdrawals
93 Payout Ratio
  • Excellent sports coverage
  • Generous welcome bonus with low rollover
  • Fast withdrawals
1bet Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble.
89/100 Read Review
$1000
On first deposit
Visit Betonline.ag
  • One of the best sports betting websites for bitcoin users
  • Large selection of betting markets, sports, and events
93 Payout Ratio
$1000 On first deposit
Visit Betonline.ag
  • One of the best sports betting websites for bitcoin users
  • Large selection of betting markets, sports, and events
Betonline.ag Review
  • Wide range of betting options with good odds
  • Live center with individual design options, like Multi-View
  • No App for download but strong mobile Version
94 Payout Ratio
  • Wide range of betting options with good odds
  • Live center with individual design options, like Multi-View
  • No App for download but strong mobile Version
Selectbet Review
19+. Gambling can be addictive, please play responsibly: General Selectbet Terms and Conditions apply unless otherwise stated.
  • Bet Builder
  • Cashout and Statistics
  • Sports Betting and Casino Games
93 Payout Ratio
  • Bet Builder
  • Cashout and Statistics
  • Sports Betting and Casino Games
MegaPari Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble.
  • Large range of betting options
  • Casino games and Live Casino
  • free deposits and withdrawals
94 Payout Ratio
  • Large range of betting options
  • Casino games and Live Casino
  • free deposits and withdrawals
Betonic Review
19+. Gambling can be addictive, please play responsibly: General Betonic Terms and Conditions apply unless otherwise stated.
  • Plenty of betting markets
  • Early cashout
  • Supports crypto and fiat currency
93 Payout Ratio
  • Plenty of betting markets
  • Early cashout
  • Supports crypto and fiat currency
Rabona Review
19+. Gambling can be addictive, please play responsibly: This offer is only available to new players who made their first deposit and selected this offer as a welcome bonus. All players must be 18+ years old and of legal age to gamble.
86/100 Read Review
$200
50% On first deposit
Visit Everygame
  • Excellent sign-up bonuses for new users
  • Great reputation, has operated since 1996
  • Sportsbook has overnight lines by 10 PM ET
93 Payout Ratio
$200 50% On first deposit
Visit Everygame
  • Excellent sign-up bonuses for new users
  • Great reputation, has operated since 1996
  • Sportsbook has overnight lines by 10 PM ET
Everygame Review
86/100 Read Review
$100
On first deposit
Visit Sports Interaction
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security
93 Payout Ratio
$100 On first deposit
Visit Sports Interaction
  • Offers a wide range of markets
  • Friendly, accessible customer service
  • Complies with robust security
Sports Interaction Review
  • Innovatives Design
  • Very good App for iOS and Android
  • Nice Welcome Offer
94 Payout Ratio
  • Innovatives Design
  • Very good App for iOS and Android
  • Nice Welcome Offer
Neo.bet Review
19+. Gambling can be addictive, please play responsibly: Only for New Customers. The bonus offer is available in the following countries: Canada; General Net.bet Terms and Conditions apply unless otherwise stated.
  • Easy website navigation
  • Comprehensive list of deposit methods
  • Exciting live betting features
93 Payout Ratio
  • Easy website navigation
  • Comprehensive list of deposit methods
  • Exciting live betting features
Mr. Play Review
19+. Gambling can be addictive, please play responsibly: Applies only to new depositing players. Min deposit C$10. Max. Bonus $200. Offer is valid for 1st deposit only. The Welcome Bonus must be used with 14 days or it expires. Bonus subject to 9x wagering with min. odds of 2.0 per single bet or 1.40 per combo bet selection.

 

What Is Mastercard?

Mastercard is a multinational financial services organization based in the United States. It’s one of the largest payment card operators in the world. Here are a few facts about Mastercard that you should know.

  • Mastercard was founded in 1966 as “Interbank,” and was founded to compete with BankAmericard (which later became VISA)
  • Mastercard was named “Master Charge” between 1969 and 1979. After 1979, it adopted its current name
  • Until its Initial Public Offering (IPO) in 2006, MasterCard was a cooperative owned by more than 25,000 different banks and financial institutions that issued its cards
  • Mastercard processes more than 160 million transactions per hour
  • Mastercard is currently ranked at #211 on the Fortune 500, which lists the largest companies in the United States by revenue

Understanding Mastercard Betting Sites

Mastercard betting sites allow users to use Mastercard credit and debit cards for funding online betting activities. These sites must adhere to legal frameworks and implement robust security to protect users.

Legality and Regulations

Legality of Mastercard betting sites varies by jurisdiction. In regions where gambling is legal, these sites must obtain licenses and comply with local gambling regulations. For example, in the United Kingdom, Mastercard betting sites must be licensed by the UK Gambling Commission. Operators must also enforce age restrictions and responsible gambling practices:

  • Licensing: Mandatory regulatory approval from relevant authorities.
  • Age Verification: Strict checks to ensure all customers are of legal gambling age.

Security Measures

Mastercard betting sites employ several security measures to safeguard financial transactions and user data. Encryption protocols such as Secure Socket Layer (SSL) are standard, ensuring that details entered on the site are secure. Furthermore, the sites may offer additional verification procedures, like Two-Factor Authentication (2FA), to prevent unauthorized access. Notable security features include:

  • Encryption: Protecting data using methods like 256-bit SSL encryption.
  • Verification Methods: Including procedures such as SMS verification or email confirmation steps.

How to Use Mastercard on Betting Sites

Using Mastercard on betting sites allows users to securely and efficiently manage their finances. Mastercard is widely accepted and provides quick transaction processes.

Depositing Funds

To deposit funds, users should first ensure their Mastercard is eligible for international and online transactions. They can begin by signing into their betting account, navigating to the ‘Cashier’ or ‘Deposit’ section, and selecting Mastercard as their payment method. They will need to enter their card details—card number, expiry date, and CVV code—and specify the amount they wish to deposit. The cardholder’s name must match the name registered on the betting site. After confirming the details, the transaction is typically completed within a few minutes.

  • Navigate to ‘Cashier’ or ‘Deposit’
  • Select Mastercard as the payment option
  • Enter card details and deposit amount
  • Confirm transaction

Withdrawing Winnings

Withdrawals to a Mastercard follow a procedure similar to depositing. Users must visit the ‘Cashier’ or ‘Withdrawal’ section of their betting site and choose Mastercard as the withdrawal method. They will enter the amount they wish to withdraw, which must comply with the site’s minimum and maximum limits. Withdrawal requests usually undergo a processing period mandated by the betting site. Once approved, funds will appear back on the Mastercard. Users should be aware of potential processing fees and withdrawal times, which vary among betting sites.

  • Access ‘Cashier’ or ‘Withdrawal’
  • Choose Mastercard for withdrawal
  • Enter the desired withdrawal amount
  • Acknowledge potential fees and processing times

Advantages of using Mastercard in betting

Why use Mastercard to deposit cash and place bets on Canadian sports betting websites? Here are a few of the reasons why you may want to use a credit or debit card when depositing cash to gamble online in Canada.

  • Use your current card – If you already have a Mastercard credit or debit card, you can just use it to deposit cash in the same way you’d make any other purchase. The process is very fast and easy.
  • Get fraud protection – In the rare case that your data is stolen, the card issuer who provided your Mastercard will usually be responsible for compensating you if fraudulent charges are made on your card.
  • Deposit money instantly – Unlike some other deposit methods like a direct debit, Mastercard deposits from credit and debit cards usually go through instantly, so you can start betting on sports in Canada right away.
  • Avoid high fees (debit cards) – Mastercard debit cards typically do not have any fees for deposits or withdrawals. However, this is not true with credit cards. We’ll discuss the fees associated with Mastercard credit cards later in this guide.

How to deposit and withdraw with Mastercard in betting

Not sure what to expect if you want to deposit and withdraw with Mastercard while betting online in Canada? Let’s take a look at the basics now.

How to deposit with Mastercard

Depositing cash with Mastercard on a betting site is quick and easy, whether you’re using a credit card or a debit card. You’ll log into your account, then navigate to the cashier/payments section of your preferred sports betting website. Then, you’ll enter your card information, choose how much you’d like to deposit, and confirm the transaction. Your cash will be deposited immediately.

How to withdraw with Mastercard

It’s usually not possible to withdraw money using a Mastercard credit card. Credit cards can typically only be used for deposits. However, some sports betting websites do allow withdrawals via Mastercard debit cards.

The process is very similar to a withdrawal. You will choose the amount you want to take out from your account, enter your card information (or choose a pre-saved Mastercard, on some websites) and then confirm the transaction. It will usually take 3-5 business days to process your withdrawal using a Mastercard debit card.


Potential Drawbacks of Mastercard Betting Sites

Mastercard betting sites offer convenience but they may also come with certain disadvantages that users should be aware of before choosing this payment method.

Transaction Fees

Users might incur transaction fees when depositing or withdrawing funds on Mastercard betting sites. These fees vary from site to site and can influence the overall cost of gambling. For example:

  • Deposits: Some sites charge a fee ranging from 1% to 3% of the deposit amount.
  • Withdrawals: Fees can be higher for withdrawals, and in some cases, operators may pass the processing costs onto the customer.

Geographical Restrictions

Geographical restrictions are another challenge associated with using Mastercard on betting sites. Not all countries allow gambling transactions via credit cards. Specifics include:

  • Prohibited Transactions: In certain regions, transactions to gambling sites may be declined due to local laws or banking regulations.
  • Limited Access: Even in regions where gambling isn’t prohibited, Mastercard may not be accepted as a payment method at some betting sites due to company policy or partnership agreements.

How secure is it to use Mastercard in betting?

Betting with Mastercard debit and credit cards is very secure if you choose reputable, well-known gambling websites in Canada. However, it’s not a great idea to enter your Mastercard information on lesser-known gambling websites. This is because a data breach could potentially expose your personal information.

It’s better to stick with highly-regarded betting sites when using Mastercard. You can also use a Mastercard with a third-party service like Skrill or PayPal to make your purchase. These services work as “middlemen” and ensure that your card details are not exposed when making online transactions.

mastercard
Source: garmoncheg / Shutterstock.com


Choosing the Right Mastercard Betting Site

When selecting a Mastercard betting site, it’s essential to assess the site’s reputation, the range of betting markets it provides, and the quality of the user experience.

Site Reputation

Reputable Mastercard betting sites are typically licensed and regulated by recognized authorities. They should also have a history of fair conduct. One can check for licensing information usually displayed at the bottom of the site’s homepage. Additionally, reading through online reviews and forums can provide insights into the site’s credibility and track record.

Available Betting Markets

Sites should offer a wide array of betting options, catering to different sports and events. Check if the site provides:

  • Major sports: Football, Basketball, Tennis, etc.
  • Niche markets: eSports, Chess, Politics, etc. The diversity in betting markets means bettors can place wagers on their preferred events and find opportunities that align with their betting strategies.

User Experience

A good Mastercard betting site ensures a smooth user experience which includes:

  • Ease of Navigation: A well-organized website and betting app.
  • Mobile Compatibility: Functional across various devices.
  • Customer Support: Live chat, email, and phone support availability.
  • Payment Processing: Efficient deposit and withdrawal procedures. User experience can significantly impact the enjoyment and ease of betting, so one should take note of these aspects by trying out the site or reading user testimonials.

Bonuses and Promotions on Mastercard Betting Sites

Mastercard betting sites often offer competitive bonuses and promotions. These incentives are designed to attract new users and reward loyal customers.

Welcome Offers

Welcome offers typically involve match bonuses, where the site matches a percentage of the user’s initial deposit. For instance, a 100% match bonus on a $200 deposit would grant an additional $200 in bonus funds. Some sites may also include free bets or risk-free bets as part of their welcome packages.

Loyalty Programs

Loyalty programs reward players for their continued wagers and site usage. These can include point systems, where bets convert into points redeemable for cash, bonuses, or other rewards. Higher-tier members of these programs might enjoy perks like expedited withdrawals, higher deposit limits, and exclusive promotions.


How to open a Mastercard account

Don’t have a Mastercard account for a credit or debit card? Here is a quick guide on how to get started with this payment method.

  1. Choose a bank or card issuer
    A wide variety of banks offer Mastercard-branded credit cards and debit cards in Canada, so do a little bit of research to find the one that’s right for you.
  2. Apply for a credit or debit card
    You’ll need to get approved for a bank account for a debit card, which is very easy. Credit cards are harder to qualify for, since the bank issuing the card will usually need to see information about your income, credit history, and other such details.
  3. Get approval & start using your card
    Once you’ve been approved, your card will be sent to you by mail. However, some banks let you use your card virtually right away, which means you can use it to make purchases or deposit money at Canadian sports betting websites right away.

Mastercard Fees

Using a Mastercard debit card to deposit or withdraw money usually does not result in any fees, because it’s essentially the same as depositing cash or a check.

However, this is not true of credit cards. As mentioned, credit card deposits to gambling sites in Canada are typically treated as a cash advance. This means your bank will charge a fee of between 3-6% (or higher) and you will begin paying interest on your deposit in full right away – there is no grace period.  Because of this, using a Mastercard credit card to deposit cash on a sportsbook can be a very expensive method.


Mastercard Alternatives for Online Betting

When opting for other payment methods, bettors have several reliable Mastercard alternatives. These alternatives provide accessibility, security, and ease of use, which are essential for online betting transactions.

paypal icon

PayPal – PayPal lets you deposit cash using your bank account, but you can also use a Mastercard debit or credit card. Doing this encrypts and protects your banking information, which keeps it safe while you place bets online.

skrill icon

Skrill – Skrill is similar to PayPal. This eWallet service lets you fund your account in a variety of ways, then use it to pay for deposits on gambling websites without sharing your banking details.

interac icon

Interac e-Transfer – If you’re in Canada, Interac e-transfer is a great alternative to a debit or credit card deposit. If you already have a bank account, you can get started without signing up for any other service. Transactions are processed in less than 30 minutes, in most cases. Deposits are usually free, but gambling websites may charge fees for Interac e-Transfer withdrawals.


FAQs about Mastercard & betting

Do you have questions about using Mastercard for sports betting? Find the answers you need here.

Is it safe to use Mastercard for sports betting?

Yes, but only on reputable sites, and we recommend using a service like PayPal or Skrill if you bet on multiple gambling sites, as this will reduce the risk of a data breach.

Which deposit/withdrawal methods can I use when using Mastercard?

Mastercard debit card will withdraw cash directly from your account when you make a purchase. With a credit card, you’ll have to pay down your balance from a bank account, but it won’t be charged immediately or your purchase.

Do I have to verify anything when using Mastercard?
No. If you already have a Mastercard credit or debit card, no additional verification is needed when using this payment method.
Will there be any fees added when I use Mastercard?

Debit cards are usually fee-free, but Mastercard credit card deposits are typically subject to applicable cash advance fees from your bank.

What do I do if my payment is declined?

You may want to contact your bank to see if there are any issues with your account. Some Canadian banks block the use of Mastercard credit and debit cards for online gambling.

How long will it take before my deposit is received by the betting site?

Deposits made using credit and debit cards like Mastercard are instant, so you can start betting right away.

Which betting applications offer bonuses or free bets upon joining?

Betting applications such as Caesars Sportsbook and BetRivers offer generous bonuses or free bets to new users who join their platform. The offers may vary, with some providing matched deposit bonuses, while others give risk-free bets on initial wagers.

What are the most recognized sports betting sites that accept credit card deposits?

Sites like Bovada, MyBookie, and BetOnline are recognized for accepting credit card deposits, including Mastercard. These sports betting sites are popular for their reliability, ease of use, and quick deposit processing times.

How can I efficiently withdraw my winnings from online betting sites?

To efficiently withdraw winnings, users should verify their account and follow the site’s withdrawal process, which typically includes methods such as bank transfers, e-wallets, or checks. Withdrawal times vary, with e-wallets often offering the quickest payouts.

Responsible Gambling with Mastercard

Betting sites that accept Mastercard enable users to deposit funds swiftly and securely. However, responsible gambling is paramount when using credit cards. Below are key practices for maintaining control:

  • Setting Limits: Bettors should establish clear spending limits to ensure they gamble within their financial means.
  • Self-Exclusion Tools: Most Mastercard betting sites offer self-exclusion measures. These tools allow individuals to take a break from gambling for a specified period.
  • Monitoring Activity: Users are advised to regularly review their account activity. Detailed monthly statements provide insight into spending habits, aiding in responsible gambling.
Feature Benefit
Deposit Limits Prevents overspending
Self-Exclusion Temporarily blocks access to betting
Account Monitoring Assists in tracking and controlling spends
  • Customer Support: Customer service plays a crucial role. Bettors are encouraged to seek help if they notice signs of problem gambling.

Responsible gambling protocols are established for the protection of consumers. Mastercard and associated betting sites are committed to supporting a framework that upholds these standards.


Tips for using Mastercard in betting

  • Take your time when selecting the best payment provider for you – It’s always a good idea to think about which payment providers are offered by your preferred gambling site, and to weigh their pros and cons before making a decision.
  • Be aware of any fees which may occur – While you won’t pay fees with Mastercard debit cards, credit cards can have very high cash advance fees. Make sure you understand what fees you may need to pay when using your card.
  • Make sure that your favorite betting site accepts your preferred payment method – Most betting websites do accept major credit and debit cards like Mastercard and VISA, but it’s still a good idea to do your homework and make sure you can pay with Mastercard on the sportsbook you want to use.
  • Know the transaction limits of your preferred payment method – Different financial institutions have different limits for credit and debit card transactions, so make sure you know how much you can deposit or withdraw with your Mastercard account.

Choose Mastercard for fast, simple online deposits when sports betting

Using Mastercard is definitely one of the most convenient ways to deposit cash when betting on sports online in Canada. You can use a credit or debit card at most sportsbooks, and get instant deposits to start betting right away.

However, be sure to only use your Mastercard on well-known gambling websites, or consider using a service like Skrill or PayPal to encrypt and protect your card information. This reduces your risk considerably.

And, of course, be aware of the costs associated with using a Mastercard credit card to place bets. The fees can be quite high, so it may be a good idea to consider an alternative payment method, like a Mastercard debit card. You should never gamble with money you don’t have, so avoid using credit cards to deposit cash when possible.