I have personally used a number of different methods to deposit to betting accounts and my Maestro debit card is one of them. I use it at the majoirty of betting sites I have an account with because of the ease and convenience it offers.
You’ll find bookmakers accepting Maestro cards are basically the norm, especially in the UK and European markets, and that’s because such a high percentage of people own them. The below table runs down the best Maestro betting sites available and the bonus offers you can claim if you join today.
Best Maestro Betting Sites
*Listings accurate as of 19-03-2019 (UK market).
Is Maestro Good for Online Betting?
As I mentioned, I came to use my Maestro card for depositing to betting accounts more by accident than design. If you’re a little more cautious than I, however, you might be interested to learn a little more about depositing via a Maestro card before committing to it as your own chosen payment method.
Speed of Deposit and Withdrawal
It is the speed and ease with which you can deposit using a Maestro card that first attracted me to it as a payment method and that makes it one of the most popular choices with many gamblers. Regardless of the particular Maestro bookmaker you use, if you select a Maestro card as the way you wish to deposit, all you need do to initially set the method up is to quickly tap in your basic card details.
Once you have entered those details once, most betting sites will give you the option to save the details so you needn’t ever enter them again. That means when it comes to making deposits all you have to do is enter how much you want to deposit, your card’s three digit security code and perhaps your betting account password. Once you’ve done that, the amount you chose to deposit will be available to bet with straight away.
The withdrawal process is just as quick and easy, too, with the same simple details being all that you need. In the case of withdrawals, however, there is usually a processing period that has to be waited out before the withdrawn funds become available in your bank account. Often this is only 24 hours or so but it can be anything up to three working days for most bookmakers and gambling sites.
Another great thing about using a Maestro card to deposit to a betting site is that you shouldn’t ever encounter any fees.
A debit card, after all, is simply a method by which you can move money from your current account into your betting account and as such there is no reason for a bookmaker or gambling provider to levy any charge. The same is true, of course, of withdrawing using a Maestro card as the process is exactly the same except that it is moving money in the opposite direction.
That’s not to say, however, that some sites won’t try to apply fees to using your Maestro card. If you do come across a site that does this, though, it’s a pretty good sign that they’re a company you don’t really want to trust your business to.
Using a Maestro card to deposit to and withdraw from betting accounts is generally considered to be one of the more secure methods available. There are, however, some genuine causes for concern which might push some punters towards other options.
There are plenty of layers of security involved when it comes to using your Maestro card with a reputable betting site. Those sites, after all, are required by law to utilise SSL encryption to protect financial transactions and routinely implement other cyber-security measures including sturdy firewalls and ultra-secure servers.
What’s more, your Maestro card too, boasts a number of potential security measures. You can, for instance, take advantage of the SecureCode system offered by Mastercard (the company behind Maestro) to add an extra element of security to any online transaction.
In spite of all of that, however, choosing your Maestro card as a payment method means that you cannot avoid making your card details available to the betting site that you use. That, then, opens you up to the possibility – albeit a remote one – that your card details may be compromised.
If that does happen, it puts all of the funds in your current account at the time under threat of theft and that is no small concern for most people. What’s more, unlike a credit card where you can simply choose not to pay a fraudulent transaction, it can lots of time and effort to recoup any money which is stolen.
Maestro Deposits: Pro’s & Con’s
- Depositing using a Maestro debit card is one of only a handful of payment methods that you can be certain will be available for any betting site.
- In the case of both deposits and withdrawals, it is quick and easy to use a Maestro card and when depositing, your funds are available instantly.
- Pretty much across the board, at least in the case of reputable bookmakers, there are no fees attached to depositing or withdrawing via a Maestro card.
- There are lots of layers of security applied in order to protect online transactions made through the use of a Maestro card.
- If a cyber-attack on a betting site leads to your Maestro card details being compromised, all funds within your current account could be at risk.
- In the event of such an issue, it can be very slow and difficult to recoup any money which you do lose.
- If you use your Maestro card to deposit to a betting site it is that site’s name that will appear on your bank statement.
- When withdrawing from a betting account via a Maestro card there is a processing period, often of up to three working days, before your funds are back and available in your bank account.
This page will give you some more general information regarding using debit cards as a deposit method. It also provides a list of betting sites that accept a range of different varieties of debit card to deposit.
If the security concerns of depositing via Maestro have you worried, you might want to check out PayPal as an option. You get better privacy and an extra buffer between the betting site and your current account.