The debit card system is among the top choices for online payment services. Mostly, because almost everyone has access to it, and it’s convenient to use. Maestro is among the most popular brands, having been issued by Mastercard in partnership with thousands of banks worldwide. Its ease of use in online transactions also makes it a great payment method for sports betting.
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Bookmakers are online betting sites where punters stake for a chance to win real cash prizes. However, you cannot play without sending money into your bookie account to fund your stakes, which is where payment methods come into play. Using sportsbook payment methods, Maestro, is how you can top up and start betting.
Maestro is a brand of debit card issued by the most trusted payment solutions company, Mastercard Incorporated. It has a robust security system that takes full advantage of its centralised structure without taking away the ease of use from its clients.
Before you proceed with placing bets on a betting site that supports this payment method, verify if it holds a valid license from the Swiss Gambling Supervisory Authority (Gespa).
To start sports betting using Maestro in Switzerland, you need funds in your bank account and a sportsbook that supports it as a payment method. You can find everything else you need in the deposit menu in the form of a series of instructions.
If you haven’t selected a bookmaker, then check out the list of top sports betting sites that support Maestro. Each one comes with their own advantages and disadvantages to you as a user. Choose whichever fits your needs based on whether it operates in your country and what bonuses it is offering.
Make an account and explore all of the sportsbook’s features. The most important part you need to get used to is depositing and withdrawing. Payment methods betting sites Maestro follow the same process as making an online purchase using debit cards.
Whichever method the sportsbook opt for, depositing money will always need to verify that it is your decision. After a successful deposit, you are eligible to claim a sportsbook bonus before you start playing.
Go to any sports match and browse through its markets. Pick an outcome and input your ante. The size of the stake can be as big as you want, as long as it does not exceed your remaining balance.
Maestro places a $10 minimum limit on deposits, meaning you can only send funds equal to or over this amount. The maximum limit varies on the bookmaker, but it’s usually as high as $100,000 per transaction.
Unfortunately, the bookmakers in Switzerland have not incorporated this payment method yet. However, let's explore the features that Maestro offers:
Deposit time | Withdrawal time | Commission fee | Min/max transfer amount |
Instant | Instant | 0.4% | -/5,000 CHF per month |
You can withdraw your remaining sportsbook balance using Maestro if the website lets you save your card as a payment method when you deposit. In this method, depositing and withdrawal can be as easy as simply sending a request to the bookmaker operators. Otherwise, you will need help from a third-party wallet to withdraw your funds
1. Log in your account and go to profile
2. Click ‘withdraw’ and choose debit card (Maestro specifically) if prompted
3. Type in your desired amount, then send
4. Wait between 1 to 5 days
If withdrawal through card is unavailable, then choose one of the supported wallet methods that also support Maestro. You can withdraw your cash to that account then send it to your bank using the Maestro debit card.
Withdrawals can take time and you may change your mind while it’s pending. You can go to the bookmaker withdrawal page and click on ‘cancel request’ to put your money back into your bankroll. If the option isn’t available, then you may contact the bookmaker customer service to stop the withdrawal.
Large transactions tend to be marked as suspicious by Mastercard. Thus, betting payment options Maestro will need you to withdraw your funds in small quantities at a time.
Simply add your Maestro card as one of your payment options and you can use it whenever you wish.
As one of the top payment methods for fiat, some casinos offer exclusive rewards to players using Maestro.
Most bookmakers can accept different cards even if they are all provided by Maestro. This lets you top up and send money to different bank accounts.
Maestro is a debit card brand under Mastercard Incorporated, which also operates a debit/credit card brand of the same name.
Maestro doesn’t charge transaction fees in some of the top online casinos in Europe. For international sites, fees depend on where you are ranging from 0.3% to 2%.