Mastercard betting in Maryland is probably one of the most well-known payment methods around. So even if you’ve never placed a wager on a Maryland sports betting site, the chances are high that you’ve used it elsewhere before.
Here, we’ll explore everything about betting sites that accept Mastercard in Maryland.
Let’s get started.
Mastercard sportsbook – Maryland
Mastercard can be a fantastic way to deposit money into pretty much all sportsbooks across Maryland. However, it’s important to ensure that the bank which issued you the card allows you to use it for online gambling in Maryland.
If not, you might find your transactions declined by your bank.
Mastercard sports betting in general
Mastercard is a payment network processor that’s widely used all over the world. People most often use Mastercard in the form of debit and credit cards, and it’s accepted both online and at participating stores.
You can also use Mastercard in the form of gift cards and prepaid cards. However, you should be aware that Maryland sportsbooks will usually only accept Mastercard credit and debit cards. So, if you’re looking to use a gift card or prepaid card, check with the sportsbook first.
Mastercard is even used widely among Maryland sports betting websites as a banking method for both deposits and sometimes for withdrawals.
List of Maryland sportsbooks that use Mastercard
It’s not that hard to see that one of Mastercard’s top strengths is that it is widely accepted among Maryland sports betting websites. Some of the top betting sites that accept Mastercard include:
BetMGM accepts Mastercard
BetMGM accepts both Mastercard credit and debit cards. You can use it to deposit funds into your BetMGM account almost instantly. Within just one or two minutes, the deposit amount will be reflected on your BetMGM account, and you can begin placing bets with that money.
BetMGM doesn’t charge any fees to use Mastercard as a banking method. However, the bank which issued you the card might charge you a fee for the transaction. So to be sure, please check with the bank that issued you that card.
Draftkings Mastercard banking
Draftkings Maryland is another sports betting website that also accepts Mastercard credit and debit cards. It’s important to remember that you must use a Mastercard that’s registered in the same name as the Draftkings account as well.
You can also use Mastercard as a withdrawal method too. Draftkings processes that withdrawal as a refund back to the same card that you used to make the initial deposit.
Barstool Sports with Mastercard
Barstool is another Maryland sportsbook that allows you to use Mastercard credit and debit cards as banking methods. You can only use this method to deposit money into your Barstool account, but not as a withdrawal method.
The deposit will be treated as a cash advance for Barstool and many other betting sites that accept Mastercard credit cards. That means the bank that issued you that card will charge you cash advance fees, which are usually higher than regular payments with a Mastercard. However, there is no fee charged by Barstool for using Mastercard as a deposit method.
These Mastercard deposits with Barstool are instant, so you’ll be able to wager with that money as soon as it goes through.
FanDuel Mastercard – Maryland
Another one of the top betting sites that accept Mastercard is FanDuel. Similar to the other sites mentioned above, you can only use it for deposits, and no fees are charged.
Plus, the deposits are quick, so you won’t have to wait at all to use the funds once they’ve been deposited.
However, the bank that issued the Mastercard credit or debit card to you might charge fees for the transaction.
Guide to Mastercard banking in MD
Making deposits on a Maryland sportsbook with Mastercard is very straightforward. Here are the steps:
Open an account with your sportsbook
First and foremost, you need to open up an account with any of the Maryland betting sites that accept Mastercard. That could be BetMGM, Draftkings, Barstool, Fanduel, or any of the other ones that support Mastercard sports betting.
Head over to the cashier or deposits page
Once your account is up and running, find the sportsbook’s Cashier or Deposits page.
You’ll see several banking options available for deposits. Look for the Mastercard name and logo and click on that. You’ll also be asked for the amount that you’d like to deposit using this method.
Key in your card details
Next, you’ll need to key in your Mastercard details. Whether you’re using a credit, debit, gift, or prepaid card, the process is the same. Key in the numbers, expiration date, and the CVV or security code at the back of the card.
Place your bets!
Mastercard deposits are instantaneous, which means that the money will be in your account as soon as the transaction is over. During peak periods when there are many bettors using the sportsbook at the same time, deposits might be delayed but only by a minute or two.
Then, you’ll be ready to place your bets!
How to make withdrawals with Mastercard
One of the downsides of using Mastercard as a banking option with Maryland sports betting websites is the withdrawals. Even though most accept Mastercard for deposits, they don’t offer it for withdrawals.
Some sportsbooks use card refunds as a way of transferring money to your Mastercard, but it’s a rare option.
Instead, you’ll want to consider using one of the many other alternative withdrawal methods. Popular options include checks, e-checks, and bank transfers directly to your preferred account.
These withdrawal methods will take more time. So, the transfers don’t happen instantly like they did when you deposited with your Mastercard. If you wish to make a fast payout in Maryland, please use either PayPal or PayWithMyBank.
Pros and cons of using Mastercard for sports betting
Using Mastercard for sports betting in Maryland has its pros and cons. Here are some things to consider:
Pros of using Mastercard for sports betting in Maryland
Firstly, Mastercard is widely accepted, and we don’t just mean shops and websites all over the world. Even among Maryland sports betting sites, it’s very hard to find one that doesn’t support Mastercard as a banking method.
Mastercard transactions are super fast, even when it comes to depositing money in betting sites that accept Mastercard. You’ll be depositing funds and placing bets within minutes.
Mastercard has been used worldwide for many years. It’s a highly respected name in the financial industry. That means you can trust it not to fail when you need it the most.
Because Mastercard is accepted almost anywhere (inside and outside of the sports betting world), it offers you incredible flexibility. Even if you can’t use it to make deposits with your sportsbook, you can also use it indirectly.
For instance, you could use Mastercard to fund your e-wallet, which you then use to deposit funds in your sports betting account.
Simply put: even with obstacles, you can get money from your Mastercard to your sports betting account without a problem.
Cons of using Mastercard for sports betting in Maryland
Not Useful For Withdrawals
Unfortunately, Mastercard isn’t very useful when it comes to withdrawals. So, you’ll need to consider alternative withdrawal methods if you’re depositing using Mastercard.
Not Always Approved
Mastercard is the payment processing network, but it still works through the bank that issued you the Mastercard credit or debit card. Unfortunately, some banks won’t allow you to use their Mastercard for betting online.
So, even with money or credit in your account, your deposit might still be rejected (by the bank, not the sportsbook).
Sports betting sites that accept Mastercard usually don’t charge fees for deposits. However, your bank (which is processing the transaction) will. These fees can be quite high, especially since the transactions are regarded as cash advances for Mastercard credit cards.
FAQ’s About Mastercard Betting Maryland
How many types of Mastercards are there?
There are four types of Mastercards that you can use. Generally, people use Mastercard credit and debit cards. However, there are also Mastercard gift cards and prepaid cards as well.
How long are the processing times when using Mastercard in MD?
Mastercard transactions are lightning-fast, which is one reason why they’re so popular. You should see deposits reflected in your account within seconds. During peak times, that might take a minute or two instead.
Can I use mastercard for withdrawals on Maryland sports betting websites?
In most cases, Mastercard is only used as a deposit method on Maryland sports betting websites. You’ll need to choose from alternative withdrawal methods like checks or bank transfers.
What are the fees when using Mastercard to make deposits?
Maryland sportsbooks usually charge little or no fees for using Mastercard. However, the bank that issued you the card will charge a transaction fee. That fee will depend on the bank and how it classifies the transaction. For instance, some banks will consider the charge a Cash Advance, which comes with high fees.
Is It safe to use a Mastercard with Maryland sportsbooks?
Yes, it is very safe to use Mastercard with Maryland sportsbooks. It’s a payment method that’s used and trusted worldwide for all sorts of financial transactions.