
Mastercard is a top payment provider that is now supported globally, including on betting sites. Now, this has led to the rise of numerous Ontario sports betting sites accepting Mastercard, allowing you to wager on your favourite teams with ease.
If you are new to the Mastercard payment provider and how it works, this guide is for you. We will take you through its history, the verification process, and how it compares against similar options. Additionally, we’ll explore the best betting sites that accept Mastercard in Ontario, and what you can expect after registration. Keep reading for more.
Mastercard is widely accepted around the world for its simple payment process. The process is usually the same, as all you have to do is enter your card information during checkout. This typically includes your card number, expiry date, CVV, and PIN to complete transactions.
Mastercard payments are typically instant, but you might need to complete some extra verification in some cases. This is a way of safeguarding your funds if they ever fall into the wrong hands.
Aside from allowing you to make online payments, Mastercard also supports in-person payments. One of these is via a POS terminal, where you simply swipe or insert your card and enter your PIN to complete transactions. If you have a contactless card, you can also make payments with your Mastercard by tapping the payment reader or your smartphone.
Regardless of how you choose to make payments with Mastercard, you can be assured of a high level of security and fast transactions. If you prefer mobile payment options that offer the same level of safety and reliability, check out our guide on the best Ontario sports betting sites accepting Apple Pay.
Making payments at Ontario sports betting sites accepting Mastercard is also very straightforward. We’ll take you through how to do this without a problem below. But first, you will need to register for an account by following these steps:
Click our links to be redirected to your preferred Mastercard sports betting site
Hit the “Register/Sign-up” button and enter your personal information
Complete the KYC requirement by uploading a copy of your government-issued ID that shows you are at least 19 years old, a utility bill, and a recent bank statement.
Next, click on “confirm” to complete the process, and a link will be sent to your email address.
Open this link to verify your email and log in to your new sports betting account.
After logging into your new account, follow these steps to make a deposit using Mastercard:
Head to the payment section and click on deposit
Then, click on Mastercard as your preferred payment method and enter your deposit amount. Ensure it is in line with the minimum of the betting site.
Next, enter your Mastercard number, expiry date, CVV, and PIN to complete the payment.
Your funds should appear in your account within minutes.
Making withdrawals at Ontario sports betting sites accepting Mastercard is as simple as making deposits. Note that you might be required to complete some additional verification, and not withdraw less than the minimum withdrawal amount.
If these check out, head to the payment/banking section and click on “Withdraw.” Select Mastercard as your preferred payment method, then enter the amount you want to withdraw. Next, enter your card number, expiry date, and CVV to complete the transaction.
Depending on the betting site, it may take up to 3 business days for the funds to reflect. This is no different from what you’d expect if you opt for Ontario sports betting sites accepting Visa cards.
The Mastercard verification process differs depending on whether you want to activate a new card or complete a payment on an Ontario sports betting site. If you are getting a Mastercard for the first time, you’ll need to complete an identity verification with your bank, which may require you to submit the following information:
If your information checks out, you will receive a new card number and activation code. The latter may come in the form of an SMS, a letter alongside your card, an email, or a bank notification. Once you receive it, you can begin using your Mastercard.
However, when it comes to making deposits in Ontario sports betting sites accepting Mastercard, you’ll need to do some additional verification. This is in line with the requirements of the regulatory body in the state and will require you to submit the following:
After the sports betting site verifies your information, you can then begin making payments with Mastercard on the platform. Even better is that this process is similar to what you’d use for verification on Ontario sports betting sites accepting Instadebit.
Mastercard has a history going back to the 1960s. The payment provider began as the Interbank Card Association, created through a partnership among multiple California banks. The goal was simple: set up a platform that could compete with BankAmericard, which we know as Visa today.
Banks in New York decided to join the collaboration, and again, the payment operator rebranded and changed its name from Mastercharge: The Interbank Card, to Mastercard in 1979. In 2006, Mastercard rebranded once more, going public and changing its name to MasterCard Worldwide, which was a way of showing its massive growth and reach.
In 2014, Mastercard made a major move by partnering with Apple to create an eWallet for online payments. This was incorporated into newer iPhone models, and in 2016, MasterCard completed its final rebrand, changing its name to Mastercard.
Now, this payment option has experienced tremendous growth and is the preferred payment method for many users online and offline. It collaborates with more than 25,000 financial institutions and banks, and is also one of the largest credit and debit card issuers today.
For online sports betting, Mastercard is also highly sought after since it allows bettors to pick a card option that aligns with their requirements. It is also accepted on most online sportsbooks in Ontario, and ensures a high level of security during payments.
Mastercard may be great, but it still has lots of competition. In Ontario, you’ll most likely see it available alongside other providers like Visa, Interac, eWallets, and Apple Pay. So, how does it fare when compared against these providers? Read on as we break it down.
| Features | Mastercard | Visa | Interac | eWallets |
| Privacy | Share full card information | Share full card information | Share bank information | Only email address required |
| Availability | Widely available | Widely available | Canada only | Widely available |
| Deposit speed | Fast | Fast | Instant | Instant |
| Withdrawal speed | Up to 3 business days | Up to 3 business days | 1 - 2 business days | 1 - 24 hours |
There are many things to note about Mastercard, but here are some of the most important.
Mastercard is one of the most widely used payment methods in the world. It is used in online casinos and sportsbooks, airports, shopping malls, and much more. It is supported in over 200 countries, including Canada, and partners with over 25,000 financial institutions and banks.
Mastercard offers numerous security features, including an Identity check via OTP or app confirmation, EMV chip technology to prevent cloning, and Zero Liability protection that safeguards you against unauthorized payments.
Mastercard is not responsible for issuing our cards and instead works as a payment provider. As we mentioned earlier, it partners with various financial institutions and banks that issue the cards. They are responsible for determining the features and fees of the card. This is why you can only receive a Mastercard through a financial institution.
Ontario currently has over 30 licensed sports betting sites operating in the province. Given the popularity of this payment provider, you’ll find it supported in almost all of them. However, some of these perform better than others, which is why we have curated a list of the top options to check out.
NorthStar Bets is one of the few Canadian-owned platforms that accepts Mastercard payments in Ontario. It received a license to offer its services to Canadian bettors in 2023 and now features 20+ markets, including baseball, boxing, basketball, and football.
Deposits begin from $20, using Mastercard, Visa, Interac, among other options. For withdrawals, there is no set limit, making it ideal for high rollers. Even better is that payments require only 24 hours to process, meaning you don’t need to deal with excess delays before claiming your winnings.
Next up is Betano, another reliable sportsbook that received a license from the AGCO in August 2023. This operator stands out for its sizable sports markets, featuring over 30 options such as Basketball, Soccer, and Hockey.
When it comes to payments, Betano does alright and is also one of the best Ontario casino sites accepting Paysafecard. Deposits are very low using Paysafecard and mobile payment options like Apple Pay, starting from $5. However, Mastercard deposits range from $10 to $50,000, which is decent.
Deposits are processed within a few minutes, while withdrawals require 24 hours, depending on the option.
Last on our list is Caesars, a low deposit sportsbook that lets you begin with only $5 deposits. Like other Mastercard sportsbooks on our list, it lets you make payments using other options like Visa, Apple Pay, PayPal, and Interac.
Deposits are processed quickly, while withdrawals can take up to 3 business days, depending on the payment method you choose. Once your deposit is processed, you will get access to numerous sports betting markets, including Tennis, Golf, Boxing, Baseball, among others.
Absolutely! This applies if you wager on the best Ontario sports betting sites accepting Mastercard, like those on our list. They feature an excellent selection of mainstream sports and offer high-level security features that Mastercard is known for. Even better is that there are many Mastercard betting sites in Ontario, ensuring there is always an option to wager on your favourite platform.
If you are ready to begin, NorthStar Bets is our number one pick for its well-rounded experience. However, Betano and Caesars sportsbooks might be ideal options if you prefer platforms that offer low minimum deposits of $5-$10. The choice is yours, and you can begin in minutes by clicking on any of our banners to register.
Yes, sports betting is legal so long as you are at least 19 years old and play on a legal Ontario sports betting site that accepts Mastercard, like those on our list.
This is dependent on what you are looking for in a sportsbook. We recommend checking out our list, as it consists of reliable platforms that are tailored to different categories of bettors.
No. Top Ontario Mastercard betting sites don’t charge any fee. However, your financial institution may charge a fee on your payments. Make sure you confirm with your bank first before any transaction.