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The Suite Blog >> Mastercard Prepaid Online Gambling Card is for Real

 

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February 24, 2008 - A great concern for online gamblers (at least it should be) are the banking options offered through the casino cashier. Not only in terms of the security of these options, players should also be concerned with the processing speed of these methods. Fortunately, there are several recognizable eWallets, credit cards and money transfer services that players can count on. And now you can chalk up yet another one.

Introducing the Mastercard Prepaid Gaming Card. What's that you say? A prepaid Mastercard primarily used to gamble online? Just when we thought it could never be done, two companies - Intercash and TransSend - secured the first rights to provide such a type of card and manage the gaming payment program. And not only will the card allow card-holders to withdraw cash at over 1 million ATM's worldwide and make POS purchases at 24 million land-based locations, it will be internationally recognized on the Web - especially by casino operators.

So what makes it different than any other debit or credit card you ask? Well, there is one huge difference. Winnings are instantly transferred back to the card. Its like using a voucher slip on a fruit machine. No more waiting around for payment processing, the prepaid Mastercard will instantly fund and accept money from your online casino account. No doubt such a card will become a major hit in the UK, where Intercash and TransSend say they will be marketing the custom tailored program to online casinos and betting operators.

For all you new players out there, just remember that so long as an online casino is using 128-bit encryption to transfer data (financial transactions), and Secure Socket Layers to protect data stored on its servers (your personal information), your in safe hands. The time it takes to transfer money between a third party eWallet and a player's account is uniform from casino to casino. However, for other types of payments that must be handled by the cashier, such as cheque by mail, the speed of receiving such a payout is contingent on the casino cashier. With the prepaid gaming Mastercard, you have instant access to your winnings.

Originally published: February, 2008 Categories: Online Casino

 

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