When looking for the best esports betting site, there are several factors that you should consider. The available payment options are one of the main aspects determining the convenience of your transactions. In this review of the best esports payment methods, you will discover the most convenient options for deposits and withdrawals.

What Makes a Good Payment Method?

The best esports betting sites offer a wide range of esports payment methods. These range from credit cards, e-wallets, mobile payment, and crypto currencies, among others. But before settling for a specific banking option, you should assess its credibility and safety. In this section, we will discuss the main factors that will help you choose the best esports banking method.

Security

The first and foremost – security! Security is of utmost importance for all online payment businesses out there. Whether we are talking about online wallets or payment getaways… or basically any other type, security is the top priority. Encryption, security certificated and frequent penetration testing is what ensure the optimal safety of these online payment methods provides.

The best esports banking options use SSL encryptions, Firewalls, and 2-factor authentication. These security tools ensure that all your personal and banking details remain encrypted and cannot be accessed by unauthorized personnel. Mastercard, Visa, and PayPal are among the financial providers known for stringent security measures.

Simplicity

If the security is on point, the second factor that has to be taken into consideration is the simplicity. User interface and fluid on-page navigation are more important than most people think. Especially for beginners who are either charmed or scared by the on-page simplicity of a website.

When considering simplicity, we also prefer banking options that allow you to transact while on the go. For example, with mobile banking options such as Apple Pay, you can easily fund your esports account and play mobile esports games on your smartphone.

Low Fees

Third time’s the charm, eh? As far as good online payment methods are concerned, low fees are surely among the top 3 factors for all users. Let’s face it – the lower they are the higher the chances for them to acquire new clients. It does not get any simpler than that!

Esports payment options such as Skrill, PayPal, and Neteller are known for their considerably low transaction charges. However, with banking options such as Bank transfer, the fee (on the bank’s side) tends to be higher. Fortunately, bank transfer operators do not charge you a fee.

Availability

The best banking option should be easily accessible and accepted in many esportsbooks. This defines not only its reliability but also its trustworthiness since it shows that many betting sites support their services. The availability of your preferred payment methods also gives you the flexibility to choose from a wide range of options. Some of the most acceptable banking methods include credit/debit cards and e-wallets. The majority of esports betting sites now accept mobile payments and crypto currencies, which for the longest had been side-lined.

Transaction Time

This is another crucial aspect since different payment methods have varying payment time frames. Most players prefer banking options that support instant deposits and withdrawals. While most of banking methods offer instant deposits, withdrawals are not always instantaneous. This is because of the withdrawal review process that betting sites must complete before processing your money. However, if you are looking for fast-payout esportsbooks, then e-wallets are an excellent option for swift transactions. However, withdrawals via debit/credit card may take a few hours, while bank transfers take the longest.

Payment Method Reviews | What are the Bets Options for eSports Betting

Now that you know what to look out for in an esports payment method, in this section, we will review the individual banking methods. We will also highlight which top esports betting sites accept that particular method. Let’s get started!

E-Wallets

These are among the top preferred esports banking options popular for swift transactions, low transaction charges, and they are accepted on many betting sites. They make a great option if you are not transacting huge amounts since they often limit how much you can transact. The best e-wallet betting payment methods include Paypal, Skrill, Neteller.

PayPal

Starting off with Paypal, one of the most popular e-wallet options, which is also highly accepted in many esports betting sites. PayPal has been around since the early 2000s and is one of the most well-known e-wallets. You can add money to your account with credit cards, bank transfer and a number of other options. The systems are safe, though there are fees for receiving money.

Speaking of security, Paypal is backed with some of the best end-to-end encryptions. All transactions use SSL protocol technology with 128-bit encryption. Paypal deposits are processed instantly, and after the withdrawal verification process, your withdrawals will reflect immediately in your PayPal account. One of the drawbacks of using PayPal, which is worth noting, is the limitation to claiming welcome bonus. Some PayPal esportsbooks with promo codes often restrict the use of this payment method if you wish to claim the first deposit bonus. Hence be sure to verify this information before making your first deposit.

Pros Cons
Fast deposit and withdrawals Small transaction fee
Safe transactions Limited PayPal betting sites available
Easy to use

Best PayPal Esports Betting Sites

  1. bet365
  2. 1xBet
  3. Betway
  4. Betfair

Skrill

Skrill is another renowned esports payment option. Like PayPal, this is a highly accepted banking option that supports instant deposits and withdrawals. The Skrill transaction fees are considerably low, ensuring you retain most of your money. With Skrill betting sites, you are also guaranteed security since the payment processor uses the latest security technology such as SSL encryptions. As a reputable online payment method, Skrill is accepted by many operators, including 22Bet, GG.Bet, and LOOT.BET. Similar to PayPal and Neteller, some Skrill sites may restrict you from claiming the welcome bonus.

Pros Cons
Easy to use Small transaction costs
Swift transactions
Safe and secure payments
Accepted in many betting sites

Best Skrill Esports Betting Sites

  1. Rivalry
  2. Luckbox
  3. Betway
  4. Pinnacle
  5. 22Bet

Neteller

Neteller is another leading e-money service provider in the gambling world. Like other e-wallets, Neteller is an easy-to-use banking method offering instant deposits with minimal fees. Additionally, it is accepted in many sportsbooks. In terms of security, the platform has recently upgraded to SSL online platform. This is a reliable payment option, especially if you are a high roller, since the Neteller has very high deposit and withdrawal limits. Unfortunately, it is not usable for bonuses on most esports betting sites.

While Neteller deposits are instant, they will often process your withdrawal within 48 hours. However, it is important to note that the withdrawal time, fees, and limits vary depending on the bookie. Hence, always read the sportsbook’s terms and conditions.

Pros Cons
You don’t share your banking info with bookies Small transaction costs
Fast transactions
Safe and secure payments
Accepted in many betting sites

Best Neteller Esports Betting Sites

  1. 1xBet
  2. bet365
  3. Pinnacle
  4. Betway
  5. EnergyBet

Crypto

Cryptocurrencies as payment methods have gained popularity in the gambling field mostly because of the end-to-end encryption and huge transaction limits. While most crypto esports bookies offer mixed currency betting where you can use Crypto and fiat, some like Thunderpick only accept cryptocurrencies. The most used cryptocurrencies include Bitcoin, Ethereum, Tether, and Litecoin.

Ethereum

Ethereum is the second most popular Cryptocurrency after Bitcoin. This is a recommendable esports payment option if reliability, speed, and security are your main concerns. The payment method is accepted in several operators, and the number keeps increasing by the day. Moreover, since there are no middlemen involved in the Ethereum exchange, it is highly accessible to players from around the globe. This also means that there are no financial limitations in terms of how much you can deposit or withdraw. Hence Ethereum is an excellent esports betting payment option since there are fewer limits and the transactions are swift. For live esports betting, swift and secure transactions come in handy.

Pros Cons
Instant deposits and withdrawals Not available in all countries
Easy to use There are some transaction charges
Decentralised blockchain network for safety
Guarantees privacy of information

The Best Ethereum Betting Sites

  1. Thunderpick
  2. 1xBet
  3. 22bet
  4. BetOnline
  5. LOOT.BET

Bitcoin

Bitcoin is the most common Crypto and is accepted by many betting sites. Using Bitcoin is a straightforward process since you just need to create a Bitcoin Wallet. With the wallet, you can deposit and withdraw from esports betting sites. Some platfroms, such as Thunderpick, allow you to buy Bitcoin from the site. Thus, if you have a fiat currency, you can easily convert it to Bitcoin or your preferred crypto currency.

Luckily Bitcoin deposits and withdrawals are processed fast, and the charge fees are quite considerable. On the downside, your transactions are subject to the highly volatile Cryptocurrency market. Nonetheless, Bitcoin transactions are secure, and the fact that you don’t have to share your banking details with the bookie is one of the reasons for its popularity.

Pros Cons
Lower fees There are wallet fees
Fast transactions
High privacy
Safe and reliable

Best Bitcoin Esports Betting Sites

  1. Thunderpick
  2. Sportsbet.io
  3. BetOnline
  4. Stake.com
  5. 1xBit

Pre-Paid Cards

Prepaid cards offer similar services as debit /credit cards with an added advantage. For starters, you can use a prepaid card in esports betting sites that do not accept credit cards. Additionally, these cards provide anonymity where you don’t have to share your bank details or personal details with the bookie. Renowned prepaid options include Klarna and Paysafecard.

Klarna

Klarna (Previously Sofort) is a Swedish bank known for instant banking services, making it an incredible esports banking option for European players. Some of the top esports betting sites that accept Klarna include Betway, bet365, and Pinnacle. With Klarna the security of your funds is upheld with the utmost regard. Since Klarna acts as an intermediary between your bank and the bookmaker, your betting transactions do not appear in your bank statement. Additionally, to manage how much you gamble, Klarna gives you the option to complete payment in installments. You can also choose to use between 9 currencies, including USD, EUR, GBP, and SEK.

Pros Cons
Deposit now, pay later Available in a few countries
Fast deposits and withdrawals
High security and privacy

Best Klarna Esports Betting Sites

  1. EnergyBet
  2. Neobet
  3. William Hill
  4. GG.Bet
  5. VulkanBet

EntroPay

Having been in the industry for over two decades, EntroPay is an established financial provider. With EntroPay, you get a Virtual Visa card which you can use in Visa esports betting sites. This option allows you to transfer debit or credit card funds without sharing your banking details with the betting site. Its functionality is similar to e-wallets such as Skrill and PayPal. As a prepaid payment method, you are guaranteed swift and safe deposits and withdrawals.

Moreover, this esports banking option is highly acceptable on most betting sites. Better yet, the EntroPay virtual card is an alternative option to use on sites where credit card betting is restricted. On the downside, this financial provider charges a fee of around 4% on all transactions.

Pros Cons
Offers enhanced security Withdrawals are not instant
Quick and easy withdrawals Transaction charges apply
The virtual Visa can be used for multiple purposes

Best EntroPay Esports Betting Sites

  1. bet365
  2. Betway
  3. Luckbox
  4. GG.Bet
  5. Arcanebet

Paysafecard

Paysafecard has always been an excellent alternative for players who don’t wish to use their debit/credit cards. Moreover, this option gives you maximum security while transacting money online. To guarantee anonymity, using Paysafecard to fund your account does not require you to provide your banking or personal details. Although this payment option is highly acceptable on many online betting sites, you cannot withdraw using your Paysafecard. Hence, if you decide to use this banking option for deposits, you can consider other alternatives for withdrawals. Nevertheless, this is still a viable deposit option if you are looking for a safe method that guarantees instant transactions at a considerable fee.

Pros Cons
You don’t share your bank details with the bookie Does not support withdrawals
Alternative for debit/credit card There are transaction charges
Helps regulate your gambling since you can also gamble the amount topped up

Best Paysafecard Esports Betting Sites

  1. Unibet
  2. bet365
  3. 1xBet
  4. VulkanBet
  5. Betway

Credit Cards

Visa and Mastercard credit cards are the most popular card option in the gambling industry. These leading financial giants are known to provide the most secure online transaction. Apart from security, using credit cards comes in handy when transacting huge amounts. Notably, Mastercard and Visa credit cards tend to have higher deposit and withdrawal limits. Moreover, you will find these options on many betting sites. However, users from the UK are banned from using credit cards to fund their betting accounts. Fortunately, you can use alternative banking options such as prepaid or debit cards or e-wallets.

Mastercard

Mastercard is one of the most-used payment providers and is widely accepted at online betting sites. As one of the most trusted financial providers, you are guaranteed ultimate security. Top Mastercard esports betting sites also provide an extra layer of protection via 128 Bit SSL encryption. While the deposits are processed instantly, Mastercard withdrawals tend to take longer. Also, some banks do not process gambling transactions; hence, confirm with your bank before using your Mastercard.

Pros Cons
Enhanced security Slow withdrawal speed
Reduced transaction costs Credit card restrictions
Widely accepted

Best Mastercard Esports Betting Sites

  1. Rivalry
  2. bet365
  3. LOOT.BET
  4. 1xBet
  5. Pinnacle

Other Digital Wallets

Trustly

Trustly allows you to easily transfer funds to and from your bank account into your betting account. Bank transfers take the longest deposit and withdrawal time. This is one of the main issues that Trustly deals with, allowing you swift transactions. Essentially, Trustly serves as an intermediary platform between the bank and the bookie. You can receive and make transactions in different currencies with this banking option. It also serves banks in over 25 European counties. Thankfully, the transaction fees are extremely low, making it an excellent esports payment method.

Pros Cons
Enhanced user experience There is a service fee
Fastens bank transfer transactions There are withdrawal limits
No registration required

Best Trustly Esports Betting Sites

  1. bet365
  2. 1xBet
  3. VulkanBet
  4. Arcanebet
  5. William Hill

Revolut

This is an electronic payment method that, over the years, has become a favourite banking option among online players. Revolut is accessible in over 35 counties, including the UK, and it supports over 30 currencies. While UK players cannot use it for gambling, players from other regions can still use it to deposit and withdraw money from online esports sites. These transactions are processed swiftly, and the fees are relatively low. For seamless transactions, you can download the Revolut app, which provides a streamlined portal where you can access funds and enact transactions within seconds.

Pros Cons
Supports many currencies Restricted for UK gamblers
Accepts over 30 currencies
Seamless transactions

Best Revolut Esports Betting Sites

  1. 22bet
  2. 888sport
  3. bet365
  4. Unibet
  5. Betsson

EcoPayz

EcoPayz is a digital wallet that works like other e-wallets such as Skrill and Neteller. To use this option, you first need to create an ecoPayz account. You can then fund this account via credit/debit card, e-wallets, or bank transfer. Ecopayz accepts over 40 currencies and is accepted worldwide, which makes it easy to find at ecoPayz esports betting sites. Moreover, deposits are instantaneous, and withdrawals are relatively fast, ranging from 24-48 hours.

Pros Cons
Ultimate security measures Charges and processing fees
Widespread accessibility Restricted in several countries
Supports numerous currencies

Bets EcoPayz Esports Betting Sites

  1. Betway
  2. Unibet
  3. bet365
  4. GG.Bet
  5. Luckbox

MuchBetter

MuchBetter is another recommendable esports banking option if you are looking for a convenient app-based service provider. Like other e-wallets, MuchBetter is a reliable option for fast deposits and withdrawals. This financial provider has concrete security protocols, including touch ID and dynamic security codes. This e-wallet is also acceptable in several operators, and betting sites do not charge you any fee when you use MuchBetter. However, the service provider itself will often charge a 5% when you top up your account using Visa or Mastercard.

Pros Cons
Fast deposits and withdrawals Huge transaction costs
Safe and secure transactions Accepted in only a few esportsbooks
No record on your bank statement
Free of charge deposits

Best MuchBetter Esports Betting Sites

  1. Rivalry
  2. Arcanebet
  3. GG.Bet
  4. Pinnacle
  5. Luckbox

Dotpay

This fully customized iGaming solution provider is known for faster, safer, and more efficient esports transactions. As a legal, financial institution, Dotpay is subject to similar regulations as banks. Hence, you are assured of very high-security measures. Since this service provider does not require you to create an account, neither does it store your funds; you don’t have to worry about your data being hacked. Dotpay supports faster deposits than Visa or Mastercard.

Pros Cons
Faster transactions Country restrictions
High level of security
You don’t have to share valuable information with the bookie

Best Dotpay Esports Betting Sites

  1. 1xBet
  2. Arcanebet
  3. BetHard
  4. MyBookie
  5. 5Dimes

GiroPay

GiroPay is a Germany-based payment option that punters in German and Australia mostly use. This service provider acts as a middle man facilitating transactions between your bank and the online sportsbook. The transactions are processed fast and work similarly to popular web wallet services like Skrill and Neteller. To use GiroPay, you need to have a compatible German bank. However, it is essential to keep in mind that there is a processing fee of about €0.08 for every payment facilitated. Additionally, you should also factor in the bank charges, which often range between 0.9%-1.2% on the amount you transact.

Pros Cons
Free of charge deposits Not all banks use Giropay
Many German banks use Giropay Only available in Germany
Payments are 100% guaranteed

Best GiroPay Esports Betting Sites

  1. bet365
  2. GG.Bet
  3. VulkanBet
  4. Arcanebet
  5. William Hill

NFT

Non-Fungible Token (NFT) is relatively new and has not yet been fully accepted as a payment method. However, just like cryptocurrencies, most enthusiastic are optimistic about the potential growth of NFT. Notably, 1xBet is one of the sportsbooks that has taken steps toward supporting NFT esports betting.

Pros Cons
Most NFTs are secure due to the use of Blockchain technology Not many punters use/understand how NFT works
ROI can be pretty high with certain NFTs Only accepted on a few sites
Exciting to betting enthusiasts who like try new ventures Most NFTs today are art pieces

Top NFT Esports Betting Sites

  1. 1xBet

Esports Betting Cover
FAQ

Payment Methods for Esports Betting FAQs

All bookies (and/or payment methods) will require some of your personal information. This is the norm on the internet so you should not be worried about it. These types of websites are considered as safe and secure so there is no room for panic if you are asked to enter your ID or proof that you own the payment method you used.

As far as the fees are concerned, you will not have to worry about them… as long as you do not stumble upon a wicked bookie that is out to skin you off your money. Normally, you will have none associated to your transactions. Some bookies charge between 1% and 7% of the total transaction amount, though this is rare. Of course, certain e-wallets do charge fees, and there are also miner’s fees associated with using cryptos.

If you win money by betting on eSports, you will either want to bet the amount again to further increase your winnings… or, if you are a low-risk kind of bettor, you will be wanting to withdraw them back to your bank account/credit card. If that is the case, you will have to go through the withdrawal process, which is different for each payment method and the bookie you use. Most of the time, the processes are simple and they take a short while to be completed. Usually you need to verify your ID and payment method.

As far as limits go, the most likely culprits will be your online payment method and not your esports bookie of choice. However, unless you are a seasoned bettor who likes to bet (and win) big, we doubt you will come across limits that often. They are usually placed at around couple thousand Euros, Dollars or the equivalent value in your native currency. If you are a real high roller, you can easily make accounts at several betting sites.

This is a tough question, as a lot depends on where you live and what kind of payment methods are available to you. Credit cards are usually the easiest, usually with no fees. E-wallets are also handy, though they do come with fees. Cryptos are great if you live in esports countries with limited options for traditional payment methods.

Yes. There are plenty of esports betting payment methods where you do not need your card. This is especially handy in case you do not want gambling-related transactions showing up in your bank statements. These include:

  • E-wallets: PayPal, Neteller, Skrill
  • Cryptos: Bitcoin, Ethereum, Litecoin, Ripple
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