Bet365 Mastercard: What Is It, and How Do You Get One?
The bet365 Mastercard allows you to instantly withdraw your winnings from your bet365 account into your card. Once your funds are moved, you can use the card to make purchases online or in-store, access your money from any ATM, or move it back to your bet365 account!
So, who can apply for it, and what do you need to do to get it in the UK? Let’s take a look.
What’s the bet365 Mastercard, and What Can You Do With It?
The bet365 Mastercard works like any other debit card but can do more. For example, withdraw funds from your bet365 account and have them instantly credited to your card (or deposit funds in your bank account and transfer them to your betting account). Plus, as we mentioned above, you can also use the card to mak online and physical purchases or access your winnings at an ATM.
Virtually all shops and stores accept Mastercard. This means they will accept your bet365 card, too, as a debit or a credit card. The bet365 Mastercard is issued by EML Money DAC according to a license by Mastercard® International.
How Do You Apply for a bet365 Mastercard in the United Kingdom?
The card is free, but there are some conditions. Firstly, the bet365 Mastercard is available only to UK residents and only uses GBP (£) currency. You will also need to open an online account within the bet365 app.
Once you do, follow these steps:
- Log into your bet365 account.
- On the Account Menu, choose Bank.
- Select the tab that says bet365 Mastercard and follow the given instructions.
That’s it! You must accept the company’s Terms and Conditions and a Cardholder Agreement. You will also be required to submit some ID documents to prove you are who you say you are. This is a necessary step, and if all goes well, you will receive a physical card in the post. The accompanying letter will tell you exactly how to unlock and activate it.
Getting Your bet365 Mastercard PIN
Once you have received your card, you will still need a PIN to use it on ATM transactions and shops. This step is quite easy. All you need to do is visit the bet365 Mastercard portal (you can get to it through the Mastercard page and the Bank section of the Members area). If you forget your PIN, you can change it using the same page.
Withdrawing Funds and Making In-Store Purchases
Your bet365 Mastercard works like any other prepaid credit or debit card. Which means that you will be able to:
- Access your funds from any ATM that accepts Mastercard.
- Make online purchases on any site that accepts prepaid Mastercard cards.
- Make in-store contactless payments at any store that accepts prepaid Mastercard cards.
The last two points will be free, but some ATMs might charge a fee for cash withdrawals (this applies to any card). You can also check the bet365 withdrawal times here.
Using Your bet365 Card on an ATM
Your bet365 Mastercard gives you instant access to a personal bank account from which you can make transfers, deposit money, and do withdrawals. There is a maximum transaction value for ATMs of £300 and a daily limit of £1,000. You can also have no more than £10,000 on your account at any one time (check Bet365’s FAQs for more details).
Loading Money on Your bet365 Mastercard
If you want to load some money into your card, you have a couple of options: You can top up directly or withdraw funds from your online gambling account.
To top up, you will need to locate a store that’s participating in the program. There is a list of them on the “Cash Top Up Deposit” page. The only requirement here is that, once you get to the store, you will need to top up at least a minimum deposit of £50 in cash. This money will become automatically credited to your bet365 card.
Alternatively, you can also withdraw funds from your gambling account (see next section). This money will be available automatically.
Using Your bet365 Card for Betting
You can deposit funds from your Mastercard to your betting account. When it comes to doing the opposite, though, you should keep in mind that there are some limitations on how the money moves.
Suppose your deposit £20 to your bet365 account using your regular payment method. If you use the £20 to make a bet and you receive £80 in return, you will only be able to withdraw that £80 to your Mastercard.
So, What’s The Main Purpose of the Card?
We’ve covered what the card does and some of its limitations. Now, is it a good idea to get one? What do people usually do with them?
The bet365 Mastercard is designed to help you instantly access and withdraw winnings. These funds are available immediately, so you can use them to make purchases as soon as they appear in your account. Another big advantage of the card is that it’s contactless – as long as you have made one payment using your PIN or chip in the past.
Your bet365 Card: FAQs
What Are the bet365 Mastercard Limits?
The prepaid card has some limits in terms of purchases, transactions, and withdrawals. Examples of these are:
- The minimum per transaction withdrawal at an ATM is £5.
- The maximum per transaction withdrawal at an ATM is £300
- The daily point of sale limit (inlcuding ATM withdrawal transactions) is £5,000.
- The maximum number of ATM transactions you can do in a day is 5.
Are There Any Fees for the bet365 Mastercard?
The short answer is: No. There is a fee to replace lost cards and some online gambling retailers and stores may add fees to the usage.
Is the bet365 Mastercard a Credit Card or a Debit Card?
This card is not a credit card because it doesn’t offer players a credit facility. You are only allowed to spend what’s in the card and would get declined if there are no funds.