Maestro Betting Sites 2021
Online sports betting and online payment gateways are inseparable. Whenever you need to participate in any online gambling establishment, you must have the means to safely deposit and withdraw the money into the bookmaker. And that’s where Maestro betting sites come to play in Nigeria.
You might know about VISA and Mastercard very well, but Maestro is a lesser-known network of payment processing institutions. In this post, we plan to cover every single detail regarding betting with Maestro in Nigeria. We’re going to cover the company as a whole and why it’s a great choice for you.
The best bookmakers for Maestro Betting in Nigeria
What Is Maestro?
If you’re worrying over what Maestro may be, sit back and relax. Maestro is simply a network of debit and prepaid cards, offered by various banks around the world. Want to know another interesting fact? Maestro is owned by Mastercard!
So, let us look at some of the information you might want to know regarding Maestro.
- Maestro is owned by Mastercard Incorporation (stylized as maestro.), it started its individual journey in 1991.
- You can withdraw money, make payments, transfer funds with Maestro just like with your Mastercard.
- Unlike Mastercard, Maestro cannot be a credit card. It’s a line of debit cards and prepaid cards only.
- Sportsbooks that accept Mastercard usually accept Maestro as well in Nigeria.
- Just your Mastercards, you need to contact your local bank to obtain a Maestro debit card.
How Does Maestro Work?
You’re here reading this post means you are willing to use Maestro betting sites for your advantage. And to effectively do it, you must know all there is about the brand. Worry not because we are going to educate you on how Maestro works.
Similar to Mastercard, Maestro cards can be used anywhere it is accepted. It ranges from public to private sectors, individual users to bettors and business owners, and so on. For every one of your needs, there might be a Maestro debit card.
A Maestro transaction consists of a few different steps. Instead of your signature, you need a PIN to verify your transaction. The rate of interest is lower on Maestro cards when compared to Mastercard.
Another great thing about using Maestro betting sites is that you get your bank statement is sent directly to your email. It ensures that your expenses are in check every month.
Maestro transactions can happen both online and offline. It’s a great benefit for punters and regular people equally. While you can use the online payments to fund your sportsbook account, you can buy groceries from the nearest shop with the same card.
The max limit to your Maestro card is related to the bank account limit. And for the prepaid card, you don’t even need an account. You can recharge and use the prepaid card as you see fit.
History of Maestro
Maestro first came into existence in 1991. The logo seems very similar to Mastercard. It’s understandable given that the brand is owned by Mastercard.
It was introduced to simplify banking for the mass people without going through the trouble of a credit card. The line of debit cards allowed people to make instant purchases and provided access to cash in over 93 countries around the world.
But the starting days were not the same. It was planned to be a Switch card. And there were two variants of Maestro. One for the UK domestic market only while the other one was for international use.
Maestro in Nigeria
Similar to Mastercard, Maestro has wide operations in Nigeria. It’s great news for Nigerians like you because you can use the same debit card for all of your purposes. There’s no hassle of calculating the credit or looking for opportunities to save some money. You get what you pay for with Maestro.
A wide range of vendors accepts Maestro. Being in the same network as Mastercard, Maestro betting sites don’t have to go through any extra hassle just to include it as a payment option.
A big reason to use Maestro betting sites is that you can withdraw your money from the sportsbook as well. It is currently not possible with Mastercard credit and debit cards in Nigeria.
Advantages of Using Maestro
Maestro betting sites come with an array of benefits for the users. It is true across the world, including Nigeria. You can expect very good security for your money without compromising your convenience with this innovative payment gateway.
Of course, this had to be one of the biggest advantages of using Maestro for you. The parent company, Mastercard, or the largest electronic payment processor, VISA, none of them offer a prepaid card.
But with Maestro, you can carry a plastic card with the electronic chip without ever opening a bank account. It’s great because all you have to do is pay a one-time fee for the card and you are good to go!
You can go into the branch of the issuer bank and make deposits as you like on the prepaid card. However, when you deposit a large sum, the bank might ask for an identification document in order to verify you as the cardholder.
The next big reason for you to use Maestro would be its security. It’s as secure as debit cards get in Nigeria. From top-class encryption to PIN-based verification, everything is included in the package.
When you initiate an online transaction from your computer or smartphone, the information is encrypted to safeguard the data from hackers and scammers. The issuer bank then verifies that it is indeed you by sending an OTP into your phone.
When you enter the secure and unique code, the transaction goes through at Maestro betting sites.
In case you lose the card or you think someone else may have access to your Maestro card, you can call the bank immediately to deactivate your card. Then, you can start again with new credentials and a new card.
The electronic chip you see on the back of your card is also protected. In a case where you lose the card, the thief will not be able to recover any information. But deactivating the card as soon as possible is always recommended.
Another feature that distinguishes Maestro from its competitor is how the payments are processed at Maestro betting sites. It uses the same peer-to-peer network as Mastercard rather than any data centers. A p2p encryption is great because only you and the receiver know what is happening with the transaction.
And lastly, Maestro offers the cutting-edge SecureCode feature on debit cards. It opens the possibilities for cross-border transactions with merchants that allow debit instead of credit.
As both Mastercard and Maestro use the same peer-to-peer network structure, we safely say that Maestro is equally accepted as Mastercard. Although many banks are discontinuing these cards due to the rise of competitors like VISA Debit, you can still use them for your purchases.
Just look for Maestro or Mastercard logo on the Maestro betting sites. It’s all the better if you find a SecureCode logo along with it. It means that the vendor participates in the SecureCode network to further solidify your security.
Little to No Fees
Being a line of debit and prepaid cards, Maestro doesn’t imply charges on deposits and withdrawals. In most cases, the issuer bank might ask for a one-time fee for your card while other banks might charge annually.
And the bookmakers usually don’t charge anything for deposits and withdrawals. However, it can vary from bookmaker to bookmaker so you need to read the terms and conditions properly.
Maestro in Betting
Wherever you find Mastercard in Nigeria, you might find Maestro. It means that Maestro betting sites are a common sight in the country. Punters from all stages can use this payment solution for their needs.
There are no reasons for you to not use Maestro betting sites. It is secure. It is convenient. It offers the same benefits that Mastercard does, even more in some cases. For example, you can use the prepaid cards for the Maestro betting sites and make withdrawals with them as well.
If it wasn’t for Maestro, many punters would not have been able to participate in the sports betting world of Nigeria. Because not everyone wants a bank account or a credit card. An e-wallet is often overlooked by regular people anyways.
So, what do you do when you have no means to deposit in your preferred betting site? You can always resort to Maestro.
How to Deposit and Withdraw Using Maestro?
The first step for you to start betting is to deposit at the sportsbook. Making deposits with Maestro is similar to depositing with any other method. You need to follow a few simple steps to make sure that your money is conveniently transferred into your bookmaker account.
- Your first step is to make accounts at the Maestro betting sites and verify your identity.
- Then you need to find where the banking page is. It’s usually listed on the main menu. Some bookmakers have dedicated tabs on the homepage to directly take you to the page.
- Select deposit and you will see a list of options.
- If you’re in a sportsbook that accepts Maestro, you should see the logo on the list. Click on it.
- Feed the sportsbook with necessary information like the amount of your deposit, your card number, validity, and your PIN.
- Now, you should be redirected to a portal where you need to verify yourself. It can be either with your phone number or your email address.
- Enter the unique code sent to you and click on next or make payment to instantly credit the money into your sportsbook account.
One of the main reasons punters don’t want to use Mastercard at Maestro betting sites is because Mastercard has a limited to no withdrawal policy from gambling sites. But lucky for you, Mastercard knows you can always use Maestro!
Maestro comes into play where Mastercard cannot. Maestro debit cards or prepaid cards allow both deposits and withdrawals from all the betting sites that accept Maestro.
Here are the steps for withdrawal.
- Log into your sportsbook account and navigate to the payments page.
- Select Maestro from the list and enter the amount you want to withdraw. Before withdrawing, know about the limits of your Maestro card and the maximum limit the sportsbook offers. This way, you eliminate the chance of getting declined from either the issuer bank or the sportsbook itself.
- Enter your card number and verify your identity and residential proof to the sportsbook.
- If everything checks out, you can expect to get your money within 3-5 business days.
How Secure is it to Use Maestro in betting?
If security is your primary concern when it comes to Maestro betting sites, say bye to any stress! Maestro is a very secure payment gateway for all your needs, including betting.
Being a subsidiary of Mastercard Incorporated, Maestro uses the same security protocols. Namely, the peer-to-peer network, the 3D security authentication, and the SecureCode feature all scream quality for Nigerian bettors.
When you use Maestro, you are essentially using your Mastercard, just with a different name. So, if you trust the parent company with your data and money, you can do the same for Maestro betting sites.
How to Open a Maestro Account?
Just like VISA or Mastercard, Maestro is a payment network. It’s not a bank or a financial institution that offers various cards or other services. The Maestro debit and prepaid cards are issued by banks in your vicinity.
So, if you’re looking forward to getting yourself a Maestro card for Maestro betting sites, here are the steps you need to follow:
- Select a local bank that you think would be convenient for you. If you already have an account with the bank, it will add convenience to your steps.
- Walk into the bank physically or call their hotline to ensure all of your queries are answered. Once you are confident that you want to continue with the bank, you can fill out the application for the Maestro card.
- For debit cards and prepaid cards, there are usually no complex steps like assessing your finances. You would more commonly find these steps while getting a credit card.
- Once your application is approved, it might take a while for the card to be printed and delivered. Your bank will provide a notification to you for collecting the card. And then, you can start right away at the Maestro betting sites!
As Maestro is a debit card network, you can expect the fees to be minimal. And the fees are decided and executed by the issuer banks, not Maestro or Mastercard.
In general, there is an annual charge for debit cards. If you don’t have any money on the account, the charge will be deducted when you have money in your account.
And for prepaid cards, there is usually an upfront fee that you pay for the entire validity of the card.
In terms of Maestro betting sites, it’s very unlikely that you’ll come across any fees. Some bookmakers might charge you a little if they don’t accept the currency.
Alternatives to Maestro
Maestro is a very good option for punters in Nigeria, but it’s not as widely available to obtain as it used to be. It’s largely due to the inception of competitors like VISA Debit. So, it would be very normal if you cannot get a Maestro card from your local bank.
There might be other reasons why you wouldn’t want to use Maestro. You might already have a Mastercard or a VISA credit card in your name. Or, you might be more comfortable using an e-wallet rather than exposing your bank details on the internet.
Whatever the reason you have, don’t worry. Maestro betting sites don’t just accept Maestro, they accept a lot of other payment gateways in general. Let us look at some of the most common options you can use in Nigeria.
If you don’t want to go the Maestro way, you can always go for the Mastercard way. Mastercard is the parent company of Maestro and it has been in operation since the 60s. It’s the 2nd largest electronic payment processing network in the world.
Mastercard offers debit cards and credit cards to users. If you have a Mastercard already or your bank doesn’t provide Maestro anymore, you can use Mastercard for your punting needs in Nigeria.
The network that tops Mastercard and Maestro. VISA Inc. It’s the world’s largest payment processing network. It offers the same features as Maestro and more features than Mastercard. Credit cards are quite easy to obtain and don’t set you back thousands in the name of fees.
VISA is equally safe as other names like Mastercard or Maestro. It doesn’t use the peer-to-peer network. Rather, it utilizes four data centers across the world for processing over 30,000 transactions at the same time! It’s a great alternative to Maestro betting sites!
Vouchers and Preloaded Cards
If deposits are your primary concern, you can always go with vouchers like Neosurf and preloaded cards like the Paysafe Card. These are great options that don’t require you to have any bank accounts or online funds.
You can buy both vouchers and preloaded cards from physical stores and use the unique number printed on them to make your deposits. It’s a hassle-free way of starting your betting journey in Nigeria.
The only drawback is that you cannot use these methods for withdrawals in Maestro betting sites. However, many of the service providers offer separate services for a premium. For example, the Paysafe Card Mastercard!
The Paysafe Card we mentioned in the previous section is actually much bigger than what you think. The company is called the Paysafe Group Limited. And it owns two of the world’s most notable e-wallets, Neteller and Skrill.
Neteller has about 23 million active users in the world. It started as Neteller PLC in 1999 and gradually made its way to the top. It specializes in gambling transactions. You can use Neteller to make deposits and withdraw your winnings from Maestro betting sites in Nigeria.
Another very good option is Skrill. It primarily dominated the European market and was known as Moneybookers. In 2015, the Paysafe Group acquired Skrill and made it a mainstream e-wallet for punters across the world.
One of the main benefits of using e-wallets rather than electronic payment systems is security. When you use an e-wallet for your deposits and withdrawals at a bookmaker, you don’t have to share any of your bank information. It ensures more safety for you on the individual level.
Maestro Betting – FAQs
If you consider Mastercard a safe option for sports betting, you can count Maestro in as well. They both use the same security standard. From peer-to-peer encryption to 3D Secure protocol, everything is in place for you.
You can use both the Maestro debit cards and the prepaid cards at Maestro betting sites. A bookmaker that offers Mastercard is more likely to offer Maestro. If you have any confusion, you can always check out our list for the best sites.
The 3D Secure protocol is implemented to ensure your security as a punter and as a Maestro user. So, every time you make a transaction, you have to authenticate it by providing the OTP sent to you via text message or email.
Issuer banks may have fixed charges on your Maestro transactions. Some bookmakers can also charge small fees for deposits and withdrawals. To have a clearer idea, we recommend you read the terms of the bookmaker.
If your Maestro betting sites transaction is declined, chances are either you don’t have sufficient balance or you provided the wrong information. The only other scenario would be when you try to Maestro for a deposit or a withdrawal when the sportsbook doesn’t accept it.
Maestro deposits are instant. The moment you authenticate the transaction with the unique PIN, the funds will arrive.
Withdrawal requests usually take a little time to execute. In most cases, the sportsbook will take up to 2 days to verify your identity. Once that is done, your funds will be credited within 3-5 days.
Being a debit card, Maestro takes away a lot of the complexities that come with credit cards or even e-wallets. These are straightforward means of payment that you can use at any time. However, we would like to share some of our thoughts before you start betting at Maestro betting sites.
We always recommend taking enough time before you decide on a sportsbook or a payment provider. Just because you like one bookmaker doesn’t mean it’s the right choice for you. The same goes for payment gateways as well.
Another great tip is to make the transactions slowly. You don’t want to rush while typing in the amount you want to deposit. Double-check and ensure that you’ve typed in the right numbers before pressing next.
Know About All the Fees
When using a payment gateway in Maestro betting sites, having to pay fees is normal. Every business on earth is trying to make money. And the fee you pay is often used to improve your user experience. But it can be inconvenient if you don’t know about them.
So, before selecting a bank for Maestro or a sportsbook for betting, always check the fees. Calculate and figure out if there is a better option for you.
Make Sure Maestro is There
Maestro is not as commonly found as VISA or Mastercard. So, you might want to take the time and ensure your sportsbook accepts Maestro. The most obvious sign is the listing. If you can’t find Maestro but see Mastercard in the list, chances are your transaction might go through.
But you can always contact the customer support team of the sportsbook to cross-check your findings.
Check Out the Limits
Maestro is a debit card. It means the limits are aligned with your bank account limits. If you have a prepaid card, ensure that you know the limits because trying to deposit or withdraw from Maestro betting sites.
Also, knowing about the maximum and minimum limit of your sportsbook will be helpful in the long run.
Summary – Maestro Betting
Maestro is an amazing payment gateway for people who don’t want a credit card. As it uses the same skeleton as Mastercard, you can rely on it in terms of security and availability. We have compiled the list of the best Maestro betting sites for you.
So, go ahead and open an account right now!