We are living in the age of many e-wallets, cryptocurrencies, and versatile digital payment solutions, acting as a direct gateway between our online banking and the merchants. A great deal of effort has been put in devising new options to protect our cards and accounts and their “integrity.” However, credit and debit cards, like Maestro, still are the most popular payment methods
The same applies to online casinos being on the constant lookout for new solutions to enable punters to top up their gambling balances in the most convenient ways. However, most players decide to deposit money into their online casino account using the most common method: the credit or debit card.
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What is Maestro?
Maestro is a debit card by Mastercard, introduced in 1992. Moreover, Maestro is a subsidiary company of Mastercard. In many countries, this is one of the leading card payment services and the prime debit card brand from MasterCard. Hence, it is accepted for online transactions in more than 100 countries. The popularity of Maestro explains why so many online gambling websites allow it for both depositing and withdrawal.
Debit cards are linked to the cardholder’s current account. Another notable feature of all debit cards is that the owner can only spend the amount he has on the account. In other words, the account cannot go in the red, making it safe for those who are likely to spend beyond the limits.
How to Deposit via Maestro?
Firstly, the user needs to make sure it has enough money in the bank account associated with the Maestro card. Secondly, it has to sign-up with an online casino that has Meastro in its banking offer. Pay attention to use the correct information that matches those on the card. This way, you will enable effortless depositing and cashing out of all winnings. Head to the cashier page and select to deposit the funds. Find Maestro and enter the amount you want to transfer to your online casino balance. You will be prompted to enter the card’s PIN, card number, expiry date, and CVV code (3-digit code on the back of the card).
When you finish, the next step is to provide the billing address, cardholder’s name, and other personal information. Maestro often requires online electronic authorization for every transaction. This means that an extra security feature will be applied. It works by sending an additional code so that the bank can verify there are sufficient funds to validate the transaction. This is done instantly, with no delay in transaction time, while preventing fraudulent online manipulations.
It is essential to know that there may be several reasons for the card to be rejected. One is if you want to deposit more than you have in your account, and the other is if the bank doesn’t support the usage of its cards for gambling.
How to Withdraw with Maestro?
The withdrawal is as straightforward as depositing. If the card is verified and accepted, again head to the cashier and find the debit card for cashing out. Make sure all banking details are correctly entered and matched to the linked account. Then specify the amount you wish to pull from the gambling balance, and that’s it.
Transfer Times, Fees, and Security
When making deposits or withdrawing from the casino, you can be sure your transactions are protected by a PIN and a specific verification code you have agreed upon with your bank. This security procedure ensures that the bank is immediately checking your transactions and sending them to the correct account. Furthermore, all transactions are encoded, and the company uses triple-layer SSL encryption to prevent unauthorized breaches.
Transfer time is fast, although verification with the security code before processing may take some time. Once done, money is immediately added to the Maestro card. In case of withdrawal, the process is a bit longer but is still one of the quickest cashing outs from any web-based casino. As for the fees, we can freely say there are none.