Visa/MasterCard Canada Casinos – Top Casinos 2020
In a world where a variety of credit/debit card brands are present, the popular names that pop out in the major regions are Visa and MasterCard. The cards have been popularly used in Canada by various entities including the online casinos. Making payments is an important aspect in many online casinos and at Casinomatcher, we want you to have the easiest of time while processing your payments. From speeds, security, and convenience, we review every popular payment method used in Canada including Visa and MasterCard.
Below is an in-depth review of the method including a piece on how they are used, a list of the top online casinos adopting the method, how to make a deposit and withdrawal, the pros and cons, and much more. Dive with us!
Gambling in Canada has gradually grown over the past years. Many Canadian residents are trying their luck in the online casinos that have been cropping up every year. With the many options available, finding that one casino you can settle on becomes a task. However, at Casinomatcher, we have identified and comprehensively reviewed some of the top online casinos that you can try your luck on. The banking section is among the many aspects we take a look at.
We want you to have an easy time while making your deposits and withdrawals. It is for this reason that we recommend casinos that;
- Have the most popular modes of payment in Canada
- Those with the modes that can transact in the Canadian Dollar
- Those with fast methods
- Those with the methods that charge minimal fees
- Those with secure methods
- Those with methods whose pros outweigh the cons.
Visa/MasterCard casinos have always topped our recommendation since they meet many of the aspects aforementioned. But do you know what is Visa/MasterCard?
What is Visa/MasterCard?
Visa/MasterCard method falls under the credit/debit card category. A simple google search will show you that Visa and MasterCard are among the oldest forms of payment with their establishment dating back to the 50s and the 60s respectively. This explains why they are still popular in many regions and countries such as Canada.
With the methods falling under the credit/debit card category, several limitations such as speed can be attributed to the methods, especially on the withdrawal side. As much as the methods seem similar, there are some distinct differences that we shall highlight. However, there is one crucial information you need to note about them. The companies do NOT issue the cards. They are just payment networks that come in between your bank account and the merchant you are transacting with which in our case is the online casino. This means that the bank will be the issuer of the card and will dictate factors such as the rewards, interest rates, charges, annual fees, among other charges.
For you to have either of the cards, you will need to be;
- At least 18-years-old
- Have a bank account
Top Visa/MasterCard Casinos
We have eased your search process and extensively reviewed many Visa/MasterCard casinos in Canada and the following meet our recommendation;
|1||1000 Free Spins|| 4.2 / 5||Play now!|
|2||22 No deposit Free Spins on the Slot Book of Dead & 100 Free Spins on the first (4) deposits|| 4.6 / 5||Play now!|
|3||100 Free Spins|| 4.5 / 5||Play now!|
|4||20 No deposit free spins + 120 Free Spins on the Slot Book of Dead|| 4.2 / 5||Play now!|
|5||15 FS after making the first deposit and then 135 FS for the next 9 days (15 FS each day)|| 4.4 / 5||Play now!|
|6||You will get 100 Free Spins even without registering.|| 4.4 / 5||Play now!|
|7||180 Free Spins on 1st deposit + 20 spins without deposit|| 4.8 / 5||Play now!|
|8||200 Free Spins|| 4.6 / 5||Play now!|
How does Visa/MasterCard work?
We earlier mentioned that Visa/MasterCard is a payment system that is used to make payments to a merchant from the bank. Remember, the companies do not issue cards but they have licensed their brands to issuers and acquirers. Acquirers are the merchants or entities banks that will receive or give out payments. The issuers are the banks.
Visa and MasterCard interchange systems involve several parties. They will not in any way approve any transaction. Only the bank (issuer) can approve the transaction carried out. The process of transacting is as follows;
- You will make a payment to your merchant through your card
- The merchant point-of-sale system captures your account information which in turn sends the details to the acquiring bank
- The transaction will then be submitted by either Visa or MasterCard system to get authorization from the card issuer
- The card issuer then approves the transaction request
- An authorization code is sent from the card issuer to the merchant
- The authorization code will then be sent to the merchant acquirer who will then, in turn, make the payment into the merchant’s account
In simple terms, the following parties will be needed for a successful payment transaction;
- Merchant (Online Casino)
- Acquirer (Merchant Bank)
- Cardholder (You)
- Card Issuer (Your Bank)
- Visa/MasterCard (Payment System)
Depositing with Visa/MasterCard
Once you have identified your online casino of choice that is Visa/MasterCard-friendly, the process of making a payment to load your account gets easy and is as follows;
- Log into your account on the casino
- Go to the section My Account, Deposit, Cashier or Banking
- Select Visa/MasterCard as your preferred method of payment
- Go ahead to enter the amount of money you wish to deposit
- Proceed on to provide your card details
- Verify and confirm your transaction
- Complete the process and you are ready to go!
The process takes less than 5 minutes and the best part about it is that the process is instant which means that your money will reflect quickly in your account allowing you to place that live bet you wanted. Are there charges attached to the deposit you make? Most of the online casinos will not charge you for any deposit. However, with the method largely dependent on the card issuer, it is wise to check if they will place any fees since it differs in many cases.
But is there security guaranteed considering you will provide your card details? Yes! Visa uses its system known as Verified by VISA which varies from bank to bank. This system checks several parameters to ensure security is up-to-date. They include; card’s validity, funds available for a transaction, confirming if it’s the owner making the transaction. MasterCard, on the other hand, uses a system called SecureCode which will provide a personal security code that will be used while making the transaction.
Withdrawing with Visa/MasterCard
The withdrawal process is also fast and easy-to-understand to many of the players. It is as follows;
- Once on your account, visit the ‘Withdrawal’ section
- The section can be found from ‘Banking’, ‘Cashier’ or ‘My Account’
- Select Visa/MasterCard as your preferred payment method
- Enter the amount of money you would wish to withdraw
- Provide your details ranging from the card details and any other required detail
- Verify and confirm your transaction
- Wait for your funds to appear in your account
Visa/MasterCard on mobile
The payment systems have tailored apps available for both Android and iOS users. One can get to download the apps ‘MasterCard for You’ and ‘Visa Explore’ from Google Play Store or at the Apple Store. The mobile apps have not received too much hype from the reviews we came across especially with players being unable to choose their countries, lack of customer support, no options to stop notifications and such like.
However, Visa Explore allows players to locate a nearby ATM, have quick access to emergency assistance, convert your currency, find offers, and more. MasterCard for You, on the other hand, allows users to gain access to free offers, great travel and online shopping deals, search functionality and more. Other tailored Visa/MasterCard apps are available that one can use depending on the activity. They include; MasterCard Global, Surpreenda by MasterCard, Visa Spend Mgmt, Visa Events & Meetings, and more.