Best Esports Betting Deposit Methods
Finding a good esports betting platform you can trust is not easy, but it is not impossible. Before you settle on a sportsbook to do your betting, you should make sure that it can offer you the best deposit methods since depositing money is where the whole betting process can begin.
If you haven’t decided on an online sportsbook yet, that’s all the better because you should first read our article to see which are the best deposit methods for esports betting and how you can choose the one that is more fitting for you.
What Makes A Good Payment Method?
There are many payment providers that claim to be the fastest or the most trustable, but you need to explore what each one offers before you can trust them. First, you should look for some basic features that will help you determine each payment method’s quality and how useful each one can be for you.
Security
All the best payment methods will have strong security protocols, guaranteeing that nobody can intercept your payment or your financial data and information.
Even though encryption has managed to reach levels of security that were thought impossible in the past, hacking has become more sophisticated as well, so a solid payment method should always be one step ahead.
Speed
A good payment method should be able to handle a lot of transactions, but most importantly, do so promptly. Luckily, multiple deposit methods can do so without sacrificing security.
Ease of use
Thankfully technology has been evolving, and online payments have reached a point where they are easy to use, and pretty much anyone can complete transactions within seconds. Especially more modern online payment methods are designed to be efficient.
E-wallets and crypto payments allow you to make deposits with only a few clicks, while pre-paid cards will only require you to type a couple of buttons, and your money will be deposited.
Acceptability
Even if a payment method has everything we mentioned above, with excellent security standards, lightning-fast transactions, and is easy to use, it would be pointless if nobody used it.
A good payment method should be accepted by as many companies as possible. Thankfully, in the case of esports bookmakers, there is a pretty good understanding of what methods esports bettors use, and any websites offer a lot of payment options that the players are familiar with.
Most Popular Payment Methods On Esports Betting Sites
If you are familiar with the gambling industry but haven’t tried esports betting, you will be surprised to find out that although sports betting and esports betting are very similar, there are a lot of key differences between them.
One of them is the payment methods that they use. While traditional bettors go for more established and reputable options, esports bettors choose more modern and “gamer” options.
Cryptocurrencies
Cryptocurrencies are the volatile digital assets that everybody has been talking about in the last few years. Besides being the focus of many controversies, cryptocurrencies also serve as a reliable payment method accepted on the most famous online gambling platforms worldwide.
The positives of using cryptocurrencies are their high-security standards and fast transactions, although it depends on which coin you are using. One thing is for certain, though, the blockchain technology behind cryptos is here to stay, and it has the potential to revolutionize the way payments are being processed worldwide.
If the consumer sentiment regarding cryptocurrencies stabilizes, we will see the real possibilities of this technology.
Bitcoin
It is almost impossible that you haven’t heard of Bitcoin and its crazy price fluctuations. Well, you might be surprised to find out that esports bettors are using Bitcoins to pay for their day-to-day betting, and it is the number 1 most popular crypto used for esports betting.
Since the audience of esports is quite young, it is very probable that the players already own a part of this valuable crypto, so any website esports betting site that accepts Bitcoin will automatically climb to the top of esports bettors’ preferences. Unfortunately, its high volatility makes it a questionable payment method despite all its benefits.
Pros
- Very popular amongst esports bettors
- Fast transaction times
- Accepted in many online betting sites
Cons
- High price volatility
- Not a reliable withdrawal option
Ethereum
Ethereum is the second biggest cryptocurrency in the world, and it has a cult following of people declaring it the coin of the future. Regardless of whether this is true or not, Ethereum is widely accepted by some of the best esports betting sites, and it is even a better option than Bitcoin since it uses more advanced technology.
Although the transactions can be completed very quickly, in times of high traffic, they can take longer and with very high transaction fees, so it is not yet the perfect option for esports bettors.
Pros
- Very secure transactions
- Widely accepted by bookies
- Easy to get Ethereum
Cons
- High transaction fees
- Doesn’t scale
Litecoin
Litecoin is a special case of cryptocurrency because even though it has lost a lot of its popularity and market value, it is still one of the most widely accepted cryptocurrencies on esports betting sites. In addition, as with every crypto, Litecoin has top-notch security standards but without some of the problems of Ethereum and Bitcoin.
On the other hand, because Litecoin’s price is not guaranteed to increase as much as other cryptos, many esports gamblers are not interested in holding this coin. So even though many bookmakers accept Litecoin, not many people use it.
Pros
- Fast Transactions
- Secure payments
- Accepted in many esports betting sites
Cons
- It is decreasing in popularity
E-Wallets
E-wallets are one of the most popular payment methods esports bettors use to deposit and withdraw money from their gambling accounts. The biggest appeal of e-wallets is how easy-to-use and accessible they are, being a perfect middle ground between banking options and cryptocurrencies.
It is completely safe to make deposits with e-wallets, especially because you don’t need to share your bank information. All you need is a username or an ID number, and the transaction will be completed in a matter of hours, thanks to the intuitive application that any e-wallet offers.
PayPal
PayPal has been around for more than 20 years, and it is the world’s biggest e-wallet. The company has approximately 392 million active users, and more than 29 million merchants accept it.
Multiple esports betting sites are included in this 29 million, and you can feel safe that if you want to find a quality esports gambling platform that accepts deposits through PayPal, it is easy to do so.
It is hard to find an e-wallet that is as easy to use as PayPal, and thanks to its agreements with big banks, you can make transactions without the need to transfer funds to your PayPal account. You can even make a payment just by giving your email, without sharing any of your banking information, something that anyone appreciates.
Pros
- Accepted by many gambling sites
- No need to share your bank information
- Fast transactions
Cons
- Bad exchange rates
Skrill
Skrill doesn’t have the commercial use that PayPal has achieved, but thanks to its focus on Europe, it is one of the first choices of esports bettors on the continent.
Thousands of users prefer Skrill to PayPal because the registration progress is a bit easier, and more importantly, there are no deposit fees. This means you can add as much money as you want, and you will not get charged anything. Like every e-wallet, Skrill is easy to use, and the deposit and withdrawal are completed within a couple of seconds.
Pros
- No account deposit fees
- Easy to make payments
- Excellent customer support
Cons
- The inactivity fee applies after 12 months of your account being dormant
Neteller
Another famous e-wallet that is thriving in the esports gambling industry is Neteller. Even though it is owned by the same company as Skrill, there are some small differences between those two e-wallets, with no clear winner for now.
Neteller offers fast transactions, high deposit limits, and, most importantly, secure payments, which makes it the ideal choice for deposits on online gambling sites like William Hill. In addition, it is very easy to create an account, and you can immediately link it with your bank card and start making payments from the application.
Pros
- High security standards
- No inactivity fees
- Available in many countries
- Instant payments
Cons
- High fees for payments in foreign currencies
Pre-Paid Cards
Pre-paid cards are a famous method among esports bettors, and gamblers in general, for one main reason. It is much easier to control yourself with a prepaid card since you don’t have direct access to all your money. Thanks to that feature, many bettors that want to stay safe use pre-paid cards.
Pre-paid cards are secure, and since they are not directly linked to your bank account, your funds will be safe no matter what. Multiple companies will accept this payment method, and traditional banks have been offering this option for years.
PaySafeCard
Most esports bettors seem to prefer a Paysafecard as their pre-paid option. It is very easy to deposit money with PaySafeCard by simply typing your unique code without the bookie getting any extra information about you.
Your risk in a case of an attack is minimized since you can only lose money that is in your prepaid account. For anyone that wants a controlled spending method, PaySafeCard is an excellent option.
Pros
- Complete anonymity
- Fast deposits
- No deposit fees
- Accepted by many esports betting sites
Cons
- Low deposit limits
Bank Prepaid cards
Even though a pre-paid card from a bank might not be as anonymous as Paysafecard, it is still one of the most popular payment methods for esports betting. Since a bank issues the cards, they are easily accessible and perfect for gamblers who don’t want to go through the hassle of creating new accounts.
Contrary to other pre-paid cards, the ones from banks have much higher deposit limits, making them ideal for big bettors who still want to be careful with their spending.
Pros
- High deposit limits
- No transaction fees
- Easy to get one
Cons
- Not exactly anonymous
Neosurf
On many esports gambling platforms, you will find the option to pay with Neosurf, another commonly used deposit method that guarantees the safety and anonymity of its users.
With Neosurf, you just need to buy the card, like you would do with PaySafeCard, and use the code you receive to make a payment on the website of your choice. Simple and safe, as it should be.
Pros
- Very simple procedure
- Neosurf cards can be bought both online and in physical locations
- Instant deposits
Cons
- Very low deposit limits
- Cards cant be used for withdrawals
Credit/Debit Cards
Credit/Debit cards are the most used payment method on online betting sites. They are accessible to everyone, easy to use, and the security standards have been proven to be airtight. Almost all bookmakers allow for payments with bank cards, except for some crypto betting sites like Stake.
The main concern of people using bank cards is sharing their cards number online, which is arguably an unnecessary risk. Unless you make an effort to get another card exclusively for betting, you will expose all of the money on your account to potential attacks. The risk is small, of course, but it’s better to be safe than sorry.
Visa
There is not much to say about Visa that hasn’t already been said. Visa cards are the most widely accepted debit/credit cards in the world, and it is uncommon for betting sites that accept bank cards not to include Visa.
You can deposit money in your account within seconds with no fees at all, and the transaction limits for Visa cards are some of the highest you can find. You only need a Visa bank card and some good esports betting markets to enjoy your experience.
Pros
- Fast transactions
- Accepted by most esports betting sites
- No deposit fees
Cons
- Not very safe compared to other options
MasterCard
MasterCard is another highly popular payment method most esports bettors prefer to use to deposit money on esports bookies.
In reality, the differences between MasterCard and Visa are insignificant since both companies provide the same services, with fast and secure transactions, generous deposit limits, and wide acceptance across all betting sites. Moreover, it is one of the most reliable methods players can choose and is widely accepted by most bookmakers.
Pros
- Excellent services
- Accepted by any online betting website
- Great deposit limits
Cons
- Risk of fraud
Diners Club
Diners Club cards might not have the outreach that Visa or MasterCard enjoy, but it is still very popular with esports bettors, and many players are using it because of Diners Club’s unique reward system.
The only drawback of a Diners Club card is that you might find some gambling sites that will not accept it, so you might be limited on the bookmakers you can choose.
Pros
- Generous rewards system
- Secure deposits
Cons
- Many bookmakers don’t accept Diners Club cards
Wire Transfer
Wire transfer is the most reliable method you can use to deposit on an online betting platform, but it has fallen out of favor in recent years due to how slow and complicated it is. While an e-wallet deposit can be executed instantly, a wire transfer can take up to 10 days, and you even have to consider weekends.
Most bookmakers offer this option, but it is not ideal for players who want flexibility and speed. If you want to make a huge deposit, on the other hand, a wire transfer is a way to go since the limits are the highest possible in the industry.
Pros
- Completely safe
- Reliable services
Cons
- Slow transactions
- Relatively complicated procedure
What Are The Best Deposit Options On Esports Betting Sites?
If you are confused with all the online betting options you have at your disposal, don’t worry; you are not the only one. Even the best esports betting site will probably confuse most players with multiple payment methods that all seem the same, complicated KYC procedures, and long texts explaining to you what your obligations are as a bettor.
At Esports-Gamblers, we have used countless payment options, and we can safely tell you which are the best and why you should choose them as your go-to deposit options.
Bitcoin
Bitcoin is the perfect choice for any bettor that wants to complete secure transactions with the best security standards possible. If you already own Bitcoin, then you can use it on multiple crypto betting sites like DuelBits to add money to your account and benefit from the competitive odds it offers. The transactions are lightning-fast, and you can pay just by scanning a QR code.
Best Bitcoin Esports Betting Sites
Pre-paid bank cards
The pre-paid bank card is a great choice for making payments, especially if you are looking to deposit large amounts of money. The encryption technologies are the best available, and if you are careful of where you share your card information, you have nothing to worry about.
Best Pre-Paid Bank Card Esports Betting Sites
PayPal
Due to how accessible and easy to use PayPay is, no other e-wallet can compete with what it has to offer. Most esports betting sites will accept PayPal for deposits, and the process is very simple to complete, thanks to the company’s user mobile application and user-friendly focus.
Best PayPal Esports Betting Sites
Conclusion
Since you will need to deposit money at some point if you want to place esports bets, you must choose a website that offers you the best possible payment methods. With just a quick look at our article, you now know which methods are the best and what you can expect from them.
Pick the one that suits your betting style the best, and all that is left is to find a website that can provide competitive odds with the right payment option. But, don’t worry; there are plenty of fish in the sea.
FAQ
Do I need to use the same deposit and withdrawal method?
It really depends on the online betting platform you are using. For example, some bookies are very strict with their payments and only allow you to withdraw your funds through the same method you used while depositing.
If the same method is not available for withdrawing, usually, they will give you the option to do so with a wire transfer, which is admittedly not the best option. Read the terms and conditions carefully to see if you have to use the same deposit and withdrawal method.
What is a deposit bonus?
A deposit bonus is a reward system that many betting sites use to incentivize their players to deposit money into their accounts. Usually, the bookmaker will match a deposit with bonus funds, up to a specific amount. For example, a 50% deposit bonus means that if you deposit $100, you are going to receive $50 extra.
How high are deposit fees?
It depends on your chosen method, but most esports betting sites will generally charge you no fees for making a deposit. However, withdrawals are different since it is not uncommon to see fees, depending on which option you want to use.
What is the best esports betting payment method?
The best esports betting payment method is e-wallets. The transactions and your personal information are secure, and most methods have no fees. All you have to do is have an account in any of the e-wallets accepted by esports betting sites, and you can enjoy fast payments with the click of a few buttons.
Can I use crypto as a deposit option?
Yes, you can use crypto as a deposit option on most of the modern esports betting sites like Pinnacle and Luckbox. It is very uncommon for a sportsbook not to offer crypto payment options, but some still refuse to accept cryptocurrencies.
