Available eSports Betting Payment Methods

Most Common eSports Betting Deposit Methods

Nowadays, there are plenty of ways to deposit money into your betting account. Study the table below, as well as a more detailed review of all popular eSports banking methods, to uncover the major available types of payments and what payment systems you may use to add funds before betting online.

The immense selection of options could seem overwhelming at first. However, every bettor can freely pick the wanted method or stick to the trusted ones instead of trying new, unfamiliar systems.

PayPal

One of the most widespread choices is known for its security, transaction speed, and minimal fees. If you are still debating, choosing this payment method is a sure-fire way to enjoy secure and quick deposits.

Skrill

Quite similar to PayPal, Skrill is also a renowned payment method. In addition to quick deposits, eSports bettors can make simple withdrawals. Since the company operates in many countries, the e-wallet supports numerous currencies.

Neteller

When talking about eSports betting and gambling in general, there is no denying that Neteller is a must on the list. The payment system allows seamless deposits and convenient withdrawals. This popular payment method is used all over the globe and has the trust of millions of users. It’s a secure solution worth considering.

Entropay

This payment method differs a bit from the previously described ones. For once, because it delivers a virtual VISA card and convenient interface. Bettors may use this payment method and rely on its security protocols to keep the funds (and transaction details) safe. Besides, Entropay has competitive fees, so keep that in mind when choosing the system.

Credit/debit cards

Many people are used to paying for goods and services online using their bank cards. Bettors may equally easily add funds to their betting accounts and wager on various eSports tournaments. In addition to the familiar payment process, bettors are sure to enjoy the simplicity of deposits/withdrawals.

Paysafecard

In case you don’t feel like sharing banking details or e-wallet information with the bookmaker, you can use an alternative payment method. Purchase a prepaid card with any sum of money on it and spend on anything you want, including online betting. For now, the system is available in 46 countries. Its popularity keeps growing as it increases anonymity.

Trustly

This payment method is available in European countries only. So, in case you are in Europe, and you need to deposit money to your betting account, try using this solution.

Bitcoin

Nowadays, cryptocurrencies have become a popular method of paying for online gambling activities. It’s secure, quick, and cheap. The most popular option is to pay with Bitcoin. While not all bookmakers accept it, this number grows fast. Besides,

Top 4 factors to pay attention to when choosing eSports betting payment methods

Each bettor is sure to find a suitable payment method from the selection of above. However, to help you make the most reasonable choice, you’d better take into account the following factors:

Esports Banking Methods: Transaction Speed

When sorting through the available payment systems, one should take into account the speed of transaction among other factors. Using modern e-wallets and prepaid cards allows instant deposits. Depositing via a wire transfer, on the other hand, may take longer.

As a rule, all withdrawals take longer compared to deposits. E-wallets generally require up to 24 hours, while cards or bank transfers can process the transaction up to a week. What’s important to remember here is that the duration of the processing period (for deposits and withdrawals) depends on each payment system. So, to avoid disappointment, you should check out the timeframes  

Sometimes, the payment processing time is influenced by additional factors like system glitches, national days off, maintenance. These are more exceptions than rules. Nevertheless, you should not discard them, especially if you plan on betting during weekends or holidays. Perhaps, it’s better to deposit enough funds beforehand.

Payment Validation: Requirements & Peculiarities

Bettors who plan on adding and withdrawing funds must complete the account verification.  As a rule, it’s all about security checks. They exist to ensure your funds are safe and transferred when (and how much) needed. The validation also exists to enforce the age restrictions and prevent fraud. Do you wonder how this happens? Quite easily, actually. The bettor must simply provide a copy of ID and proof of address. one may use the passport, driver’s license, utility bill to prove the identity.

Most bookmaker sites do not require this for deposits. However, the site won’t let you withdraw any winnings until you complete the procedure. In general, it may take up to 72 hours for site managers to review the documents and verify the account. Only after that, you’ll be able to withdraw money. To verify a deposit, on the other hand, you only need to provide the payment details that validate the transaction.

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