One of the tricky points when starting out in any kind of betting with real money on the internet is to know how to deposit and withdraw money.
You’re almost there; you already know how to bet on eSports games so now read the following paragraphs.
There are alternative payment methods that are well-known and used by players from all over the world. We’ll show you the two most popular methods which are usually accepted by all bookmakers.
Since it’s not an actual bank, the institution does not extend credit. You’ll never have to pay for exchanging money nor any other kind of fees. If there is no money in your account then you won’t be able to spend any, even with Mastercard at 10£ a year. There are no account management fees or any other charges when you decide to pay in this way.
The major fees are those charged for withdrawing cash from an ATM (but you don’t have to ^^) and, as opposed to regular banks, all electronic wallets charge fees for receiving money on your Neteller account. However these fees are low and are largely offset:
In order to keep fees at a minimum, we recommend converting the account to the same currency used by whichever eSports betting site you’ll be using. That will lower the exchange fees charged. You won’t have to pay anything at all if everything is done in Euros.
Opening a Neteller account is easy but you’ll have to verify your identity just like with any other financial institution, which is normal. Everything is done online. But don’t be surprised to get a phone call in order to verify your first deposits to the account. The institution is regulated by the Financial Services Authority.
The interface is in English, the phone support as well and of course English citizens are accepted. As for me (your devoted webmaster :D), I use this service and here is a screenshot
I find the service quite convenient. I’ve personally converted everything into pounds sterling. For 300£ received on the account, the fees are 6£, see below.
This institution works exactly the same way as Neteller, with a few special features. And guess what? I have an account with them too. I opened one quite simply because I had a bookmaker that didn’t accept Neteller. That’s very rare.
Like their competitor, Skrill, formerly known as Moneybooker for those in the know, is subject to the same regulations and does not levy any monthly charges.
Since I already have a card with Neteller, I decided against getting another one with Skrill even though it’s free. But I didn’t want to have too many because that would mean having to remember all the passwords…
Currency exchange fees are a bit higher with Skrill but are usually lower than those charged by banks. In order not to give special preference to one payment method or another, I’ve also provided a screenshot.
I hope that my personal experience, which has been influenced by reviews from other players, has clarified things for you. For each eSports bookmaker you might consider using, take a look at what the possible payment solutions are and almost invariably you’ll find these two.
You may return to the index for the eSports betting guide.