Best Esports Betting Payment Methods

Esports bettors should make numerous considerations when choosing a banking method to ensure they get the best. A little research work might be necessary to make an informed pick. Here are some of the top considerations to make.

• Transaction limits: Transaction limits refer to the amount that punters can transact via the banking method within a day or in any single transaction. A punter’s bankroll should be the main influencing factor for this considerations. For example, high roller bettors should only consider banking options that have high transaction limits.

• Withdrawal times: Some payment methods usually limit withdrawal times to certain hours of particular days and only some days of the week. Such may be quite inconvenient to some punters. The same applies to withdrawal processing times. A good option offers the least withdrawal processing time and allows withdrawals to be made at any time.

• Security: Security is probably the most obvious consideration to make. Players should limit their options to only the banking methods that guarantee top security for all transactions made. The same applies to privacy.

• Fees: The amount charged for deposits or withdrawals should also influence the player’s choice of banking method. Payment channels that offer low fees, or even no fees, are usually more preferred by most players.

• Banking features: Different banking methods come with different banking features. Punters should always opt for those that offer the most useful and functional features to enjoy the most benefits.

• Customer service: Customer service is among the most overlooked considerations punters make when choosing a banking method. Though rare with some top banking providers, there are possibilities of experiencing deposit or withdrawal issues. Such require interactions with customer service to resolve the problems. Punters should thus choose banking providers that offer friendly and professional customer services promptly.

PayPal is among the popular payment methods in esports betting. It is owned by an American multinational financial technology company called PayPal Holdings, Inc. This e-wallet allows transactions in various currencies. The payment system is available in virtually all countries. That is among the top reasons most bookies offering esports betting markets have it as a banking option, as it ensures most punters can deposit money easily and conveniently. Here are other reasons PayPal is so popular.

• Ease of use: Of all the deposit options, PayPal is among the easiest to use. It is so easy that even newbies to esports betting prefer it.

• Fast processing: PayPal deposits are made in real-time. That means punters do not need to wait for the processing to get money into their betting accounts and continue enjoying esports betting.

• Reliable security: PayPal is among the most secure payment methods for esports betting. Punters do not need to worry about losing money to scammers as long as they take relevant precautions.

• Zero fees on deposits: PayPal does not charge any fee for money deposited to esports betting sites. Punters can thus make deposits of the exact amount they need. That also helps them manage their bankrolls better.

Rating payment options for esports betting is not quite easy. That is because of the numerous considerations that need to be made, most of which can be a bit difficult to distinguish. However, several things stand out for each payment option, which can be used as great indicators.

The first and most essential consideration is whether the payment option is legitimate. That is because numerous payment options are cropping up in the industry, set up with the main purpose of scamming punters. For that reason, only the payment options that are legitimately registered and licensed to provide banking services are considered in the ratings.

For the other considerations made to rank the payment options, extensive knowledge of payment options and the players’ experiences as showcased in their feedback and reviews help with the rankings. Some of the other factors on which the review payment options are based are highlighted below.

• Accessibility: Accessibility to the payment option is a rather obvious ranking factor. That is because punters will typically choose payment options that are inaccessible to them. Accessibility can be affected by factors such as jurisdictional issues. The more accessible a payment option is, the higher it ranks.

• Security: As mentioned earlier, security is among the essential features esports punters consider when looking for payment options. For that reason, the payment options that offer the best security features are ranked higher. The same applies to privacy features. The rankings usually come to the tiniest details as most payment options apply almost all the best security features available.

• Popularity amongst providers: Most esports betting sites usually offer payment options based on popularity. The popularity can be used as an indication of quality and reliability. Payment options that are more popular amongst providers thus deserve to be rated higher.

• Customer support: Another essential factor to consider when ranking payment methods is customer service. Payment methods that offer great customer service should generally rank higher than those that offer poor or no customer support. Professionalism, availability, and customer support channels are some of the considerations used for ranking customer service.

• User interface: The user interface or user-friendliness of the payment method also affects rankings. Payment options that are easy and pleasant to use get higher ratings. That is because they accommodate more clientele, including newbies in the esports betting world.

• Processing times: Different payment options have different processing times. That is especially the case when it comes to withdrawals. Payment options that offer the fastest withdrawal times without any compromises in safety and security are thus ranked higher as they provide more convenience to punters.

• Transaction limits: Transaction limits are another great ranking factor. Payment methods that allow punters to deposit both low and high amounts cater to a wider range of punters and thus rank higher.