Esports Games Betting – Payment Methods
If you’re on this page, it is because you are ready to dive into the exciting world of esports games betting, but would like to know more about the available payment methods.
We are here to tell you that online gambling is safer now than ever before. In addition, there are so many sites out there, that it is truly a buyer’s market.
This page will look at the various payment methods you can use to deposit and withdraw and the best sites to place your esports bets at.
What is a Payment Method?
A payment method is exactly as it sounds, the way in which you pay for products or services, in this case, deposits and withdrawals to and from esports bookmakers.
As the world becomes more and more connected because of the internet, it is becoming ever-easier to make fast and secure online payments.
Not only are these payments hassle-free, but today’s real cash casinos have started to accept as many methods of payments as they have games categories.
From visa debit and pay by phone, e-wallets to bank transfers and, in some cases, cryptocurrencies there are a wide variety of online payment methods which are utilized by these sites.
In this guide, we will outline the different kinds of payment methods.
PayPal
Perhaps the easiest and safest payment method is PayPal. Gamers love the eWallet because all you have to do is enter your PayPal account info to pay.
There is no need to go through a cumbersome process of entering your bank and credit card details each time, and you don’t need to create a new account for each site you use.
It is also safe and secure, making it the most widely accepted e-wallet service provider throughout the UK gambling industry.
Best Esports Games Bonuses
Here are favourite esports games bonuses that should be on your bucket list
Klarna
Alternatively, many online casinos also accept Klarna, a Swedish payment method, which is currently used by an estimated 85 million consumers across 17 countries.
With Klarna, you can make direct payments, pay after delivery, or pay in instalments, giving customers a measure of control over how and when they pay.
For businesses, Klarna also protects against fraud, making it an attractive option for online gambling companies.
Visa
Visa refers to a Visa card, which uses the Visa network and carries the Visa brand. Initially, all Visa cards were credit cards, but Visa now includes debit cards, prepaid and gift cards, too.
Although, Visa cards are actually authorized by partner financial institutions, such as HSBC, Natwest etc. Visa remains one of the most trusted payment methods and most, if not all, online bookies will accept Visa debit cards.
Users can save their Visa card details onto the Internet to speed up the process of paying online or input them each time they make a transaction, if they so choose.
Visa works across all three areas of the payment market: credit, debit, and prepaid. In 2019, Visa generated $23 billion in total revenue with payments volume of $8.8 trillion.
MasterCard
MasterCard is the main competitor of Visa. Like Visa, MasterCard issues cards through partner financial institutions, and works on a network in the credit, debit, and prepaid markets.
In 2019, MasterCard generated total revenue of $16.9 billion, with a payment volume of $6.5 trillion so it isn’t too far behind Visa.
With partnerships with eWallets such as Skrill and Neteller are likely to see this revenue increase significantly.
Most online bookies will accept MasterCard, and with the aforementioned eWallets becoming more widely accepted, MasterCard seems to have somewhat cornered the market in payment methods for online gambling.
Paysafecard
A Paysafecard is a prepaid card, which you can buy from a number of UK retailers, such as ASDA and WHSmith, as well as local shops such as McColl’s and one-stop.
You can buy a card loaded up with between £25 to £100 and top it up to as much as £175, then use it to pay online, using their 16-digit Paysafecard PIN.
Users like that they can’t go over the limit so they know exactly how much they can spend.
Paysafecard is the official partner of G2 Esports, so sites which offer esports are possibly more likely to accept this payment method, although many other reputable online casinos also trust Paysafecard.
Apple Pay
Apple Pay is designed to work alongside your Apple devices, such as your mobile, laptop, or desktop, making it a natural option for online gambling.
Using, usually, your mobile, you can make contactless purchases in shops and hospitality establishments, or online, by scanning your e-card.
Apple Pay uses a device-specific number and a unique transaction code so your details are never stored or shared.
No transaction information can be traced back to you, an appealing benefit for some, and you can use FaceID or Touch ID for speed and security.
Top Debit Card Sites
Most online operators and esports bookmakers will accept all the usual Visa and MasterCard debit cards.
They remain among the most popular payment methods, alongside eWallets and are likely to continue to be offered for the foreseeable future.
Here is our list of the top ten esports sites which accept debit cards.
Top eWallet For Esports Betting
eWallets are becoming more and more prevalent across online casinos and esports bookies.
Most will accept at least one eWallet, with the majority offering a plethora of options, such as PayPal, Neteller, Skrill and many more.
We have scoured the web to bring you our top ten esports sites which accept eWallets among their payment methods.
Cryptocurrency Esports Betting Options
Cryptocurrency online casinos and bookmakers are a relatively new phenomenon, but are becoming increasingly popular.
There are a wide variety of cryptocurrencies, from Bitcoin and Ethereum to those created specifically for certain sites or projects, such as start-ups or online games.
Esports games enthusiasts are often familiar with cryptocurrencies, so there is a natural crossover.
Here are our picks for the top esports sites where you can use cryptocurrencies.
Top Bank/Wire Transfer Esports Betting Options
Many online operators and esports betting sites will allow you to pay via a bank or wire transfer.
Although some may let you deposit but not withdraw using this payment method, or vice versa.
Always check both the accepted deposit and withdrawal methods, as they may not always be the same.
Here are our top choices for esports betting sites which accept bank and wire transfers.
Withdrawing Esports Winnings
Withdrawal payments at an online operators differentiate depending on the payment option you’ve chosen. Ewallets and cryptocurrencies are the fastest, ranging from as little as 20 seconds to 2 hours for the likes of PayPal.
Bank transfer and debit card payment methods can take anything between 2 – 5 days for withdrawals to come through.
Always read the terms and conditions associated with your chosen payment method, which should include limits if any.