Rating payment options for esports betting is not quite easy. That is because of the numerous considerations that need to be made, most of which can be a bit difficult to distinguish. However, several things stand out for each payment option, which can be used as great indicators.
The first and most essential consideration is whether the payment option is legitimate. That is because numerous payment methods are cropping up in the industry, set up with the main purpose of scamming punters. For that reason, only the payment options that are legitimately registered and licensed to provide banking services are considered in the ratings.
For the other considerations made to rank the banking options, extensive knowledge of deposit methods and the players’ experiences as showcased in their feedback and reviews help with the rankings. Some of the other factors on which the review banking options are based are highlighted below.
Accessibility: Accessibility to the payment option is a rather obvious ranking factor. That is because punters will typically choose deposit options that are inaccessible to them. Accessibility can be affected by factors such as jurisdictional issues. The more accessible a banking method is, the higher it ranks.
Security: As mentioned earlier, security is among the essential features esports punters consider when looking for payment options. For that reason, the payment options that offer the best security features are ranked higher. The same applies to privacy features. The rankings usually come to the tiniest details as most payment options apply almost all the best security features available.
Popularity amongst providers: Most esports betting sites usually offer deposit options based on popularity. The popularity can be used as an indication of quality and reliability. Payment options that are more popular amongst providers thus deserve to be rated higher.
Customer support: Another essential factor to consider when ranking payment methods is customer service. Payment methods that offer great customer service should generally rank higher than those that offer poor or no customer support. Professionalism, availability, and customer support channels are some of the considerations used for ranking customer service.
User interface: The user interface or user-friendliness of the payment method also affects rankings. Banking options that are easy and pleasant to use get higher ratings. That is because they accommodate more clientele, including newbies in the esports betting world.
Processing times: Different payment options have different processing times. That is especially the case when it comes to withdrawals. Deposit options that offer the fastest withdrawal times without any compromises in safety and security are thus ranked higher as they provide more convenience to punters.
Transaction limits: Transaction limits are another great ranking factor. Payment methods that allow punters to deposit both low and high amounts cater to a wider range of punters and thus rank higher.