Masterpass casino

About Masterpass

Masterpass is an electronic wallet; however, unlike e-wallets such as Skrill and Neteller, there is no need to transfer funds to a separate account with this service. Instead, you link your debit or credit card to Masterpass, and when you make an online purchase using this service, the funds are deducted directly from the card you have linked. The advantage of Masterpass, then, is that you don't have to hand over your card details to every entity you trade with. You can use Masterpass to make payments at online casinos without entering your card details.

Mastercard owns the e-wallet service, which is one of the largest debit card and credit card services available. You can link a debit card or credit card service from them to the e-wallet, but you can also link an e-wallet to debit and credit card services from VISA, Diners Club, and American Express.

The service can be used in conjunction with select banks and card issuers in New Zealand. At present, however, it cannot be used at casinos in New Zealand.

"Make card payments without disclosing card details”

How we rate Masterpass payment methods

We consider transparency vital. And so, here we assess what elements we have taken into account when evaluating the Masterpass payment method. Factors assessed 1. Rating the Masterpass payment method 2. Rating criteria for payment methods 3. Overall assessment of the Masterpass payment method.

Background and security

The highest priority regarding online casinos must always be security. Therefore, we have looked into whether Masterpass is a secure payment method. We have approached this inquiry, among other ways, by first determining what kind of payment method it is, and from where the money will actually be deducted. We also look at what kind of personal and sensitive information you must provide, and at the kind of verification that must take place before you or your payments can be considered secure.

We examine the backdrop of the payment method—who owns Masterpass, for instance—and whether any more New Zealand banks have decided to team up with them. We also look into how famous the payment method is, in New Zealand and around the world.

Function and use

The following points concern the features and the user-friendliness of the payment service Masterpass—with regard to both aspects, the next priority in our review. We look at how easy it is to use Masterpass and what steps must be taken to get started. We also investigate which functions it offers and whether any charges apply. In addition to these points, we now present the payment service's advantages and disadvantages.

New Zealand casinos

Our only recommendation is to play at casinos that have a gaming license from New Zealand. That said, we also check to see if it's possible to use the payment method at these casinos.

Smoothness when depositing

Naturally, we reckon it should be easy to deposit funds via a payment method if it's to receive a top rating. We've therefore taken the time to examine precisely what steps you need to go through to make a deposit with Masterpass. We investigate where the funds appear to be coming from, how it's all verified, and whether or not you can use Masterpass to load up New Zealand online casinos.

Withdrawal options and withdrawal times

We are additionally probing whether withdrawing money using Masterpass is possible, where the money goes, and what the time factor is before you can access your money.

Other payment methods

To give an equitable rating, one must, of course, relate the payment method to other methods of payment. Thus, we have presented the options in a way that allows both you and us to compare more easily.

Security

Using Masterpass for online payments is an extremely safe way to go. The service is owned by Mastercard, which is one of the biggest names in payments and bank cards of all kinds—definitely a big security guarantee for us. When you sign up for Masterpass, you give it your payment card and personal data, which are then securely stored at the bank where your card was issued. You can then use Masterpass to make online purchases with any number of merchants who accept it as a payment method. You just have to verify the purchase with your BankID.

In our view, what is a problem concerning security is that the payment service is not available at New Zealand casinos as it currently stands. Only when you play at casinos licensed in New Zealand can you do so in a way that is completely secure, and therefore we do not count Masterpass among the safe methods of payment at online casinos.

Get Masterpass

To register for Masterpass, you must first possess a debit or credit card from a bank that has opted to work alongside Masterpass. Even though the e-wallet is under the direction of Mastercard, a wide array of cards can be affiliated with the e-wallet, including those from other card schemes like Visa. To create an account, one must go to the Masterpass website and click on the option to sign up. After this, follow the on-screen prompts to enter the required personal information and card details. These will be used to set up the eWallet.

1. Type in the details for the card you wish to connect.

Deposit money on your Masterpass

You do not have to put Special money into a Masterpass account like you do with most other e-wallets. With Masterpass, money will be taken from the account associated with your linked card. If the card is a debit card, then you need to ensure that the account tied to the debit card has enough funds to cover the transaction. If the card is a credit card, then you will receive a monthly invoice detailing all the transactions you did in the previous month.

Fees

Masterpass is different from many other e-wallets in one very important aspect: you hardly ever need to make transactions to the e-wallet. This is a function not found in many other e-wallets. When you are using Masterpass, the money is deducted directly from the card linked to your MasterCard account. This counts. It doesn't add any kind of extra fees. And, as it is with regular card payments, you don't need to worry about the security aspect. Unllike with some other e-wallets, you never have to worry about fees, and you don't have to deal with the added complication of making transactions to the e-wallet.

• No fees

How Masterpass works

To make online payments using Masterpass, you need to spot the "Buy with Masterpass" button. You can find this payment service at many international e-retailers, and it can be used at casinos even if they don't have a New Zealand license.

Even though Mastercard themselves state that Masterpass is a digital online wallet, we prefer to call it a method for conducting card payments. Just like when you make payments with Apple Pay at the casino, you cannot tell the point of sale to process a credit card transaction when you are using Masterpass. Nonetheless, the transaction being carried out is a card transaction, and the line of credit with which you are paying is linked to a plastic card you present at the point of sale. Also, you don't need to use special cards as the only type that works with Masterpass. Any card capable of performing online transactions works just fine.

Deposit

At casinos that offer deposits with the method, the transfer is handled smoothly and goes in a snap. All you do is select your wallet and then verify with BankID. You don't need to provide any additional information. It's a payment method that's as fast as, say, Trustly. Payments are made immediately and the money is deducted from the card you have linked to Masterpass.

Socket

Masterpass, at the casino, is not nearly as smooth when it comes to withdrawals. If you want Fast Payouts, you should use a different payment method with fast processing of withdrawals. The payment method is mainly a way of putting money into online casinos, and the possibility of making withdrawals with Masterpass simply isn't that common. Even if you could use it in the way it was intended (to make withdrawals), it seems like it would be a long process, like using a regular debit or credit card. And we all know how much we hate waiting.

Compatible mobile payment service

Masterpass has a mastermind behind it, and that is much more than the brand power of Mastercard. Masterpass is designed to be very secure. But it is also pay-with-your-finger smooth, or, at least, as smooth as a payment system can be, given that the Payment Card Industry (PCI) lays down the law about how secure systems have to be. Mobile BankID: The Easiest Way to Access Your Funds Use is clear. Sign in to your online bank using Masterpass, and it generates a unique code that allows your transaction to go through with flying colors.

Masterpass casinos in New Zealand

Even though Masterpass is a payment method that can be used in New Zealand, it is not possible to use Masterpass to play at online casinos that have a license in New Zealand. It could be that Masterpass will be available at New Zealand online casinos in the future, but as of now, it is not possible to use Masterpass in that way. The only real recommendation we can give is to play at online casinos that have a license in New Zealand, and therefore we advise against using Masterpass to do that.

Alternatives to Masterpass

As you cannot use Masterpass at any online casino in New Zealand today, we recommend selecting another payment method. For maximum security, we think you could choose a casino with BankID. That way, you protect yourself against fraud—that’s what e-ID was invented for—and you get a nice range of payment methods and casinos connected to the e-ID. Also, casino games with Swish is a better option than Masterpass payments. Here are popular payment methods that are safe to use at online casinos in New Zealand for both depositing and withdrawing.

Score

Despite being an extremely secure and convenient method of paying for online purchases, Masterpass will receive a low rating from us. The simple reason for this is that you cannot use Masterpass to play at New Zealand online casinos. We think this is a shame because we found Masterpass to be a quick and easy way to pay. It also is an internationally used payment method, and one that is owned by a large and well-known card company - Mastercard.