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This article deals with the popular payment method that is known as MasterCard. Once you have read this page thoroughly, you will have learnt a lot about this widely used payment method. To add to this, it will also help you to decide whether it is the best banking option for you. So, what are you waiting for? Get reading!

Payment Method

Maximum Deposit Minimum
Maximum Withdrawal Fees Time Process
MasterCard Depends on bookie Depends on bookie Cannot withdraw using this method Cannot withdraw using this method Bookie will not charge, but the bank that issued the card will

Instant deposits

What is Mastercard?

mastercardIt is extremely safe to say that MasterCard is the most trusted and recognizable credit cards. There are millions and millions of people all over the world that have a MasterCard sitting in their wallet. All of the best Nigerian bookies accept MasterCard as a method of payment.

You will be glad to hear that if you decide to make a deposit using MasterCard, you will always usually qualify for the Welcome Bonus and other promotions on offer.

Difference Between a Credit and a Debit Card

The main difference between a credit card and a debit card is that you can use a credit card to deposit money in your sportsbook account even if you do not actually have any money in your bank account. You can think of it as a type of loan. However, with a debit card, if you do not enough money in your bank account, then you will not be able to make a deposit until you do.

Deposit With MasterCard

Like with a Visa card, you will only need to provide your MasterCard details for the first deposit that you make. Once you have inputted all of your details once, your information will be stored on a secure server and whenever you want to make another deposit you will be able to do so in a matter of seconds.

So how do you make a MasterCard deposit? Well, we have taken the liberty to explain the process below:

  1. The first thing you need to do is to make sure that your MasterCard is valid.
  2. Enter your sportsbook account and locate the banking page.
  3. Find the deposit option that allows you to deposit using MasterCard.
  4. Enter the cash value that you would like to deposit in your account and then provide them with the necessary details.
  5. Once the transaction has been successful, you will receive a notification to confirm it. You can now start sports betting.

Withdraw With MasterCard

There is one drawback to using MasterCard though and that is that you cannot use it to make a withdrawal. Therefore, if you decide to use Mastercard as your deposit method, you will have to choose another withdrawal method when you want to withdraw any winnings from your account.

How to Create an Account with MasterCard

MasterCards are issued by banks, so if you finish reading this article and decide that you would like a MasterCard, then you will need to get in touch with a bank that issues MasterCards.

If you already have a bank account (and we know that there are plenty of Nigerians out there that do not), then get in touch with your bank and ask them if they issue Mastercard credit cards. If they do, then inform them that you would like to apply for one and they will be very happy to sort you out with one.

However, if they do not have one, you will have to find the closest bank in your area that issues them. Below we have provided you with some of the main banks that issue Nigerians MasterCards:

  • GT Bank
  • Ecobank Nigeria
  • First City Monument Bank
  • United Bank for Africa
  • Zenith Bank
  • Sterling Bank
  • Union Bank
  • Skye Bank
  • Diamond Bank
  • Fidelity Bank

So, if you have any of these banks close to you and you would like to get a MasterCard, get in touch with them as soon as possible.

Fees and Commissions for MasterCard

When you use MasterCard to deposit money at a sportsbook that you hold an account with then they will not usually charge you any fees themselves. However, as we mentioned briefly above, it is highly likely that the bank that issued you with your MasterCard will charge a fee whenever you use it to make a deposit.

This fee will vary depending on which bank issued you the MasterCard.

Our Opinion about MasterCard

If you want a credit card then, in our honest opinion, MasterCard is the only one that you should think about getting. It has not become the most popular credit card in the world out of pure luck, it has become so because it offers exactly what everyone is looking for in a credit card.

Our only warning is for you to always remember that you can spend money that you do not have with a credit card, meaning that there is the chance that you get into debt, which is never good. So, whenever you use your credit card, always make sure that you are spending money that you can afford to pay back.

You also need to remember that since it is a credit card, any money that you spend will have to be repaid back with interest. Once again, this interest depends on the bank that issued the card.

What You Need to Know about Mastercard

Us humans love to ask questions; it is just something that is in our nature. Below we have provided you with four questions that people commonly ask with regard to MasterCard.

What is the Minimum Deposit?

Like with the majority of payment methods that we talk about on this website, the answer to this is that it depends on the bookie that you happen to be dealing with. So, if you would like the exact answer to this question, you will need to check with your sportsbook.

What is the Minimum Withdrawal?

There is no minimum withdrawal with MasterCard due to the fact that it is not possible to withdraw money from your sportsbook account using MasterCard. Therefore, if you use Mastercard as your deposit method, you will have to choose another method to use as your withdrawal method.

What is the Delay for Depositing or Withdrawing?

If you decide to make a deposit at your bookmaker using MasterCard, then you will be glad to hear that your deposited money will be in your sportsbook account almost right away.

You cannot withdraw any money from a bookie using MasterCard.

Are There Any Deposit or Withdrawal Fees?

When you use MasterCard to deposit money, the bookmaker that you are depositing money at will not charge you any extra fees. However, the bank that issued you with the MasterCard in the first place will charge you some sort of fee. The amount that this fee will be will depend on the bank. So, if you want to find out what the fee will be before you place a deposit, get in touch with the supplying bank and ask them.