Payeer Casinos - Safe Deposit

Payeer is an electronic payment system invented by Paycorp Limited in 2012 in Estonia. It operates under the standards of the Vanuatu Financial Services Commission and is run through a Finance Private Limited Company.

Registered as an online banking system by the Estonian Ministry of Economic Affairs and Communications, Payeer is a perfect fit for international transfers via SWIFT. To maintain the safety of transactions, the company has employed SSL encryption and multiple user authentication, including SMS notifications.

Is Payeer a Popular deposit method for esports betting?

Though relatively new in the gambling world, Payeer is available in over 200 countries and nearly 5,000 banks; it is particularly widely used in Scotland and Asia. It is one of the best choices for gambling transactions, including payment for esports bets.

Users can buy items online or receive money through Payeer locally and internationally in EUR, USD, and the Russian Ruble (RUB). Moreover, Payeer is a multi-cryptocurrency platform supporting the trading of seven cryptos.

The service ranks high as the most trusted online deposit method at giant bookmakers and esports gambling websites. Other factors that have contributed to its popularity in esports wagering are the intuitive app and eligibility for special welcome bonuses.

Gamblers who indulge in online esports betting with Payeer hope to win money at some point. But all payouts are deposited on the eWallet account rather than the player's MasterCard or bank account.

The Withdrawal Process

The following process is what it takes to cash out the winnings.

1. At the online bookmaker, the user clicks on the Cashier followed by Withdrawal
2. All payment options will be presented in a list
3. The player chooses Payeer and gives out their account details
4. They specify how much to cash out to their eWallet
5. Verification of the transaction proceeds

The winnings will be credited into the player's Payeer account immediately after the bookmaker verifies the transfer. This should happen within a working day of completing the above procedure. Users who want to transfer funds to their bank, credit card, or eWallet can do so once the money reaches Payeer. However, moving the same amount to a bank account may take up to three working days.

The main perks of Payeer payments are as follows.

Pros

• Instant payments
• Worldwide acceptance
• Uses an easy-to-navigate mobile app
• P2P transfers to cards and bank accounts
• Eligibility to gambling bonuses and promotions
• Keeps gambling activity hidden from local authorities
• Compatible with multiple banking systems and crypto platforms
• Economical currency exchange rates
• Higher betting withdrawal limits

Cons

The drawbacks of gambling on esports with Payeer include:

• Only a limited number of esports bookies accept Payeer
• Strict withdrawal limits for unverified accounts (up to $999 per day)
• Mastercard transactions are limited in some countries
• Allows transactions in three currencies only
• Charges on SMS notifications
• No live chat
• Slow KYC process

1. The customer downloads the Payeer app
2. They open the "create account" button
3. The app will ask for an email address
4. A verification code will be sent to the provided email address, and an account is created
5. The user indicates their username, password, secret code, and country of residence
6. Next is providing a scanned ID and proof of one's current address

Having completed the above step, the user may top up their Payeer account and start placing bets at online esports betting sites. The provider doesn't charge monthly maintenance fees, and there is no minimum account balance. With robust encryption protocols, this payment method ensures that no unauthorized users can access the customer's details and funds.