About Payeer Esports Betting
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.
Depositing with Payeer
Because Payeer integrates with multiple international payment providers, it can be topped up with many bank cards, gift cards, eWallets, and cryptocurrencies.
It also connects to bank accounts and automatically converts the currency to make it compatible with the esports betting site. The best thing is that it doesn't reveal the user's bank account or card details. Esports bettors who prefer fast global transfers should consider it.
Using Payeer to Bet on Esports
Before placing a deposit, the punter should check the deposit limits, which can be anything from $10. The value differs from site to site. Here is how to make a swift and convenient deposit with Payeer.
The punter logs on to their esports bookie
On the banking page, the user selects ‘Deposit’
A Payeer logo will appear among the available option
The player ticks Payeer as the deposit method
They indicate the size of the deposit to transfer and the source of funds
Next is filling in the Payeer account details
Transaction verification follows
A notification will be sent upon a successful deposit
When done, the amount becomes available for placing bets in a few minutes. Payeer bookies do not charge for depositing, but the customer may incur a cost ranging from 0-5%, depending on where their funds are originating from.
How to Make a Withdrawal with Payeer
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.
- At the online bookmaker, the user clicks on the Cashier followed by Withdrawal
- All payment options will be presented in a list
- The player chooses Payeer and gives out their account details
- They specify how much to cash out to their eWallet
- 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.
Payeer Fees and Withdrawal Limits
Payeer withdrawals are free of charge, and no limits are applied on the amount the eWallet can hold. An esports bookmaker is the only place with a limit, so players should check the maximum and minimum withdrawable amounts before making a request.
On most websites, the minimum withdrawal amount is $10, while the maximum limit depends on the bookie, though higher than other banking methods. However, users who have activated SMS notifications for the transactions are charged $0.05 and 0.95% per transfer local and international transfer, respectively.
Pros and Cons with Payeer
The main perks of Payeer payments are as follows.
- 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
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
Payeer Account Opening Process
Anyone who has attained the minimum legal age can open a Payeer account and download the app on their iOS or Android device. The mobile app facilitates easy management of funds. Interested users need an email address, a formal identification card, and a physical address. A bank account is not mandatory to become a Payeer customer.
How to Set Up a Payeer Account
- The customer downloads the Payeer app
- They open the "create account" button
- The app will ask for an email address
- A verification code will be sent to the provided email address, and an account is created
- The user indicates their username, password, secret code, and country of residence
- 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.
Payeer Customer Support Options
Occasionally, Payeer users experience setbacks when using this payment system. For any inquiries, they should contact the customer care department through:
- Phone call (+1 646 658 3695)
- FAQs page
- Online form
Payeer responds to customer queries within 1 to 24 hours. The support staff mainly uses Russian and English when responding to clients. If someone fills out the online form, they must include their email address, the subject matter, and a detailed message. There's also an option to attach a document. Then, they will be contacted through email.
About the author
Born and raised in Rwanda, Jean-Paul Uwizeye seamlessly connects the world of online casinos to Rwandan enthusiasts. With a unique blend of Western gaming insights and deep Rwandan cultural roots, he's a go-to localizer for engaging and relatable content.