Another big issue for companies like MasterCard: Chargebacks, where customers use a card to make a deposit and then dispute the charges. Settling these issues can take time and energy (for little profit) on the company's part, so credit card issuers tend to avoid sectors with high chargeback rates.
Regardless, you're still able to use a MasterCard to make a deposit at plenty of online poker rooms in the US. If you have any questions about the process, including how the charges will appear on your statement, just talk to support at the poker room before making your deposit. They'll be happy to walk you through the process and to address any questions or concerns you might have about using MasterCard to make your online poker deposit.
How Does MasterCard Compare to Other Credit Cards for Depositing at Poker Rooms Online?
Better than some, worse than others. Here's a quick breakdown of how MasterCard stacks up against other major credit cards when it comes to making a deposit at a US-facing online poker room:
American Express: MasterCard users will have an overall easier time at online poker sites than those trying to deposit with American Express, which has a very, very low acceptance rate at poker rooms online.
Visa: Visa is widely thought to have the best acceptance rates of any major credit card. While MasterCard is accepted at a number of rooms, Visa will be a lower-friction choice for most players.
Discover: Discover is generally not accepted as a deposit method at major online poker sites.
Will I Be Able to Use MasterCard in the Future to Deposit at Poker Sites?
Online poker payment processing is a dynamic field, and the list of options for all players - not just those playing poker from the US - is always changing. While MasterCard is available as a deposit option now at most top-tier sites, it's very difficult to predict how the industry might shift in the next few months, let alone years. The chances for MasterCard to remain an option for poker players are certainly high, but far from guaranteed.
How Did MasterCard Get Started in the First Place?
MasterCard and Visa actually share a common point of origin. Both cards were born out of the California banking industry in the 1960s, with Visa predating the launch of MasterCard. It was, in fact, the growth of Visa - backed by Bank of America - that originally motivated a group of rival banks to bring MasterCard into existence. Born with the name "Master Charge," the card grew through mergers, acquisitions and cooperative agreements from a one-state card to a piece of plastic cash with near-global acceptance.
Today, MasterCard - perhaps best known in modern culture for its "Priceless" marketing campaign - employs over 5,000 people in countries spanning the world. With billions in annual revenue and profits, and hundreds of millions of users, MasterCard is well on the way to their goal of becoming a truly international currency.