Mastercard Inc. is the second-largest payment-processing corporation worldwide. It offers a range of payment transaction processing and other related-payment services.
A Mastercard transaction involves several steps to facilitate the electronic transfer of money using a Mastercard debit or credit card. Here's a simplified explanation of the process:
1. Cardholder Initiates Transaction: The transaction starts when you, the cardholder, swipe, dip, or tap your Mastercard card, or enter your card details online to make a purchase.
2. Merchant's Terminal Contacts Acquirer: The merchant's point-of-sale (POS) system or online payment gateway captures your card details and sends a transaction request to the merchant's bank, known as the acquirer.
3. Acquirer Sends Request to Mastercard Network: The acquirer forwards the transaction details to the Mastercard network, which routes the request to the cardholder's bank, known as the issuer.
4. Issuer Authorizes Transaction: Your bank (issuer) verifies the transaction, checking account balance or credit limit. If everything is in order, it authorizes the transaction.
5. Confirmation Sent Back Through Network: This authorization is sent back through the Mastercard network to the acquirer and then to the merchant's terminal.
6. Merchant Completes the Transaction: Upon receiving authorization, the merchant completes the sale. A receipt is generated for you, the cardholder.
7. Transaction Settlement: The merchant sends the batch of authorized transactions to their bank for payment. The acquirer then settles the funds with the merchant.
8. Clearing and Settlement by Mastercard: Mastercard facilitates the exchange of transaction information and funds between the issuer and the acquirer, finalizing the financial transaction.
9. Issuer Bills the Cardholder: Finally, the transaction amount is posted to your account, and it reflects in your card statement, which the issuer sends to you.
Mastercard ranks 7th for all accepted payment methods on https://merchants.to/
Mastercard ranks 3rd for accepted non crypto currency payment methods on https://merchants.to/
Mastercard is the 2nd most common credit card/debit card in the world. Which means a majority of merchants will be accepting it.
It's simple, people have been using mastercard to pay for goods and services from that dawn of the internet.
If you don't wish to provide ID verification, mastercard is likely not the payment method you should be using, due to high charge back volume, many merchants will require some form of KYC before selling you the gold.
Buying OSRS Gold with Mastercard is a very simple process on Merchants.to.
Follow these steps to find a merchant to whom accepts mastercard as payment for OSRS Gold.
1. Navigate to https://merchants.to/currency/buy-osrs-gold
2. Click the "Filter payment methods." dropdown
3. Select "Mastercard"
4. Only merchants that accept mastercard will now be displayed. Simply find the merchant you wish to purchase from and visit their site to finalize the transaction!