Different Payment Methods for Esports Betting
The online arena of sports and esports betting is on the rise. The betting market in this category has grown in a considerable way in the last decade. With that, the payment options and methods at the sites have also expanded. The esports websites have different kinds of banking method or options to offer that ensures safety and security as well as a convenience to the users. Here we explore the different methods available and the different pros and cons of each.
Varied Transaction eSports Methods at the Sites
Those who sign up at an esports site will be overwhelmed with the number of options they are presented to make a transaction or deposit for betting banking methods. The same applies for withdrawals as well. One might ask why the options are so many and varied. The partnership that such portals form with different payment gateways often determines the kind of options they can provide to their customers or subscribers. The options also differ as per the jurisdiction and country wise regulations that exist for these portals.
Customers are offered several choices in esports sites so that they can find a mode of deposit or withdrawal that they find most convenient as well as profitable. There are transaction fees involved in certain modes while some attract zero fees. Users might also prefer to choose a mode as per the degree of anonymity or security it offers when making online transactions.
Credit or Debit Cards at eSports Sites
This is the most common and still remains one of the popular modes of payment at the esports portals. Since these esports betting banking methods simply comprise of users whipping out their cards, jotting down the number, name on the card and CVV number, this can be done by anyone, including young adults who use the card of their parents to make transactions online.
The security aspects are strengthened in such transaction options by the need for authentication that comprises of validating identity through a registered phone number or email address. One drawback of using Visa or MasterCard credit cards is the transaction fees that are usually charged in such transactions.
eWallet Services as Payment Method eSports
This is a relatively new service that makes the process simpler and more secure for a third party service is involved. eWallet service providers are several, and each service provider has certain specific benefits to provide.
EcoPayz is one such wallet service that is offered to residents of many countries as deposit method esports. Users are issued a virtual card, and the options to pay are several; one can create deposits in their account in advance. It usually works in conjunction with MasterCard.
Neteller is another popular choice. This is a common eWallet service that is used and accepted on different esports portals. The popularity of this eWallet service has been on the rise in different gaming portals. Withdrawals, as well as deposits, can be made easily with this eWallet.
Paysafecard is another form of eWallet service that acts as an online voucher system. The supplier provides a 16 number code, and this ensures anonymity of the transactions much more. Trustly is also a similar wallet service known for offering smooth transactions; Citadel Direct is another which is a lesser known method of deposit esports service that allows users to make a deposit directly from their bank accounts that are linked to this wallet service from before.
Wallet Services New and Old Among Cashier Methods eSports
EntroPay Card is another eWallet service. It functions similar to ecoPayz. Clients can use MasterCard to make payments; it acts as a prepaid wallet that can be used to make transactions through Visa and MasterCard that one owns. Accounts on this wallet service charge the linked cards directly and ensure that esports website transactions remain safe and secure for the users.
Zimpler is a comparatively new eWallet service. This works in conjunction with a mobile app. The transactions are made through the registered phone number of the user. Players are provided with a four digit pin number for making deposits or withdrawals through this application. The customers get a lead time of two weeks to pay back the money.
Inpay is another eWallet service that is popular besides esports betting banking methods. Its unique features include direct funds transfer to the player account from a bank account through this wallet service. Similar ways of funding are also offered by Yandex Money, SoFort which are designed for the Russian customers. Moneta is also a name seen in this category of eWallet services.
Skrill and PayPal are two other big names that have been in this category of eWallet services for long. Both offer secure ways to fund online accounts and use the IDs of the wallets to securely make payment for a host of online services including payment for esports account funding.
Cryptocurrency as Banking Method eSports
Bitcoin has joined this league new and creates a distinct category of its own. BTC and the other altcoins that are being increasingly accepted as payment are cryptocurrencies that are used as portals for making payment through wallet services. Crypto wallets funded with such currency can be used for making safe and fast payments that ensure high anonymity as well.
The above eWallet services are popular besides direct banking method esports comprise of the usual range of payment options extended by the different esports websites.
Other Unique Payment Methods at eSports Sites
At certain betting sites unique banking method esports are also available such as paying by invoice generation as well as skins that are collected by gamers. Also known as Skin Pay, this is a unique method of payment that has popularity among gamers.
These are collectibles that are earned by players in different games. The valuation of skins is different, and certain sites accept payment in the form of skins which are converted into the equivalent of real money as per their online valuation.
Payment eSports Methods that Vary as per Countries
Besides the modes of payment esports sites as mentioned above, there are certain payment methods that are country specific. These are also provided by country-specific sites where customers can avail when they place bets. Payment services such AstroPay is a prepaid card that caters to different countries such as the US and Brazil; Bitcoin is a cryptocurrency that is available for deposits as well as withdrawals for US and Brazil players mostly. Poli is a payment service online that New Zealand and Australia can use.
Other options include Boleto Bancario that is an invoice issuance method while M-Pesa is a deposit service available through mobile apps that Kenyan and Indian players can avail of. GiroPay is a web wallet available for Austrian and German players while Sofort is a payment system online for customers in Europe.
Most esports sites offer safe methods of payment such as esports betting banking methods and the gateways for transactions are ensured security by SSL digital encryption technology. Players who are logging on to an esports site for the first time will want to check the SSL security aspects of the site before they proceed to make a payment. Also, security aspects differ as per the payment mode chosen.