MasterCard Fantasy Sports Websites – Using MasterCard to Load Accounts
MasterCard is one of the most popular ways to pay for products and services, both offline and online. Consumers who want to use MasterCard online only have to input their MasterCard details and the amount into the relevant fields to make fast and secure payments.
Since MasterCard is secure, fast, convenient, and popular, several fantasy sports websites offer it as a banking method.
Fantasy sports players can use MasterCard to load their accounts and withdraw winnings at MasterCard fantasy sports websites such as FanDuel, DraftDay, Star Fantasy Leagues, Fan Throwdown, StatClash, DraftStreet, WarDraft, Fantasy Feud, and so on.
What is MasterCard?
MasterCard Incorporated, which is also known as MasterCard Worldwide, is a US global financial services corporation with its headquarters in New York. It is concerned with processing payments between the card holders’ banks or credit card issuing companies and merchants’ banks or credit card issuing companies.
MasterCard Review
MasterCard is an immensely popular payment method that is available to consumers from over 200 countries all over the world. In fact, it is very difficult not to find a merchant or service provider who does not accept payments through MasterCard.
Fantasy players, however, must note that MasterCard does not issue any credit or debit card. MasterCard is just a provider of a payment method and is heavily dependent on banks worldwide to issue credit cards that be used to make and receive payments. MasterCard does not set any rewards, rates of interest, annual fees, and other charges as the banks are responsible for this. Whenever a MasterCard credit card holder pays her bill, she is paying it to the bank or credit card issuing company she got the card from, not to MasterCard.
How to Deposit Using MasterCard
Making a deposit through MasterCard is incredibly easy. Fantasy players should first get hold of a credit card and sign up at a fantasy sports website. The next step is to visit the fantasy sports site’s My Account page or Cashier section, input the amount they wish to deposit, and select a banking method.
As soon as they choose MasterCard, they will be prompted to enter details such as card number, expiry date, CVC number, and name. Fantasy sports websites also demand players’ phone numbers and mailing address to confirm that they are the actual card holders. Funds are then instantly credited to players’ fantasy sports accounts.
Fantasy sports sites also credit the winnings back to the MasterCard.
Legal Issues
In Nov 2015, MasterCard, Visa, and American Express got into legal trouble. A group of New York residents filed a case against the three companies, accusing them to issuing loans illegally for FanDuel and DraftKings and serving as debt collection agents for the fantasy sports websites. Plaintiffs have accused credit card companies, banks, and payment processors of profiting at the expense of players at fantasy sports websites.
