MasterCard Option for Australian Players
MasterCard Incorporated, a global financial services corporation, has its headquarters in New York in the United States of America. All over the world, the company’s major focus is on processing payments between the merchants’ banks and the consumers’ banks. Before becoming a publicly traded company in 2006, MasterCard was owned by over 25,000 financial institutions that used to issue credit/debit cards bearing the MasterCard brand.
How MasterCard Works
MasterCard does not issue any credit or debit or prepaid cards. This is done by banks that pay MasterCard for the right to use its logo on their credit/debit cards and to use its computers to process financial transactions. Each bank, therefore, has its own policies regarding the use of its MasterCard debit/credit cards.
Although banks and other financial institutions issue credit/debit cards, it is MasterCard that actually processes the financial transaction. Whenever consumers choose to use their MasterCard credit/debit cards to purchase goods or services, their card details are sent to their banks, which sends the same details to MasterCard. MasterCard then finds out from the consumer’s bank if the card is indeed valid, after which the payment is processed and a receipt is issued to the consumer.
Whenever consumers pay for goods and services using MasterCard credit cards, they never pay MasterCard. Instead, they will be dealing with their banks, which send them the credit cards bills. MasterCard charges a nominal fee for performing its duties as a middleman, but consumers are not expected to pay these fees directly to MasterCard.
History of MasterCard
A group of banks in California launched MasterCard as Interbank. They wanted to compete effectively with the BankAmericard that was being issued by the Bank of America. MasterCard went under the names of Master Charge and Interbank between 1966 and 1979. The MasterCard brand was born only in 1979 although banks and financial institutions began issuing MasterCard credit/debit cards in Canada way back in 1973.
Advantages of Using MasterCard for Australian Players
MasterCard is one of the best ways for Australian online casino players to load their online casino gaming accounts. In fact, there are four major advantages of using MasterCard.
- MasterCard is a highly reputed, reliable, safe, secure, widely used, and popular way to pay for products and services offline as well as online.
- When MasterCard is being used, the chances of your transaction being declined are minimal or almost zero. You can rest assured that the transaction will definitely go through.
- Players do not have to wait long for the funds to reach their accounts. In fact, the transaction is almost instantaneous, and Australian players can start playing for real money instantly.
- Aussie players do not have to waste time inputting their card details over and over again. MasterCard online casinos will store the card details so that players can instantly load their accounts whenever they wish.
Banking with MasterCard
Loading one’s online casino gaming account with MasterCard is incredibly easy, especially for Australian players. To use MasterCard as a payment option, players should first visit the casino cashier and choose MasterCard as their deposit method. If players need assistance with this, they only have to contact the site’s customer support or check out its Frequently Asked Questions (FAQ) page or Help page.
Australian players who are using MasterCard for the first time are required to input card details such as the card number, the card’s expiry date, the cardholder’s name, and the CVV number at the back of the card. Finally, they have to input the amount they would like to deposit.
The funds will be instantly loaded to players’ accounts, enabling them to start playing for real money right away.