What is the first system that comes to your mind when talking about a secure and reliable payment provider? We are confident that many would say it’s PayPal – and not without reason. The company is a leader in providing smooth, secure money transfers for users from 200+ countries. PayPal accepts 25 currencies, which makes it a convenient way to proceed with low-fee transactions with a few clicks.
ESports is a rapidly developing discipline: the industry revenue is projected to reach $3.8 billion by the end of 2023. PayPal is an essential player in the gaming world, as multiple platforms support this system. For instance, experienced punters often use PayPal at one of CasinoDepositPal sites for eSports betting, as it’s a convenient and secure method. Let’s have a look at the reasons why millions of users choose it as a preferred payment solution.
Benefits of PayPal for eSports Gamblers
The payment system is now widely accepted in numerous industries, and eSports is no exception. Flexible digital transactions have long been a dream – and now it’s a reality thanks to PayPal. The primary advantages of the payment provider include the following:
- Enhanced security that is constantly improving; it allows all customers to get guaranteed data protection when using the service. The company understands the importance of eliminating fraud and hacker attacks and implements the best safety measures
- PayPal is cost-effective; every eSports gambler can create a digital wallet with a few clicks without paying a penny. Transferring money among different users is free, but the system can charge up to 1% fee for business transactions.
- Depositing flexibility; PayPal allows eSports fans to bet small amounts on eSports events such as eFootball matches, etc.
- The payment system is widely accessible. Multiple businesses, including eSports companies and betting websites, have already added PayPal to the list of possible banking methods. Therefore, it won’t be a problem to purchase services instantly
Users are usually irritated when they have to wait a long until their transaction proceeds. PayPal's users don’t face this problem, as money transfers are mostly instant. Of course, sometimes payment processing takes more time, but as a rule, people get their money with a few hours.
Integration of PayPal on eSports Platforms
Currently, over 420 million people globally use PayPal, which confirms its demand and excellent reputation on the market. The digital payment system has already been implemented in the eSports betting industry, which is beneficial for punters. Users can proceed with instant, secure transactions with no or low fees and enjoy their favourite matches immediately. Numerous bookmakers have already implemented this banking option, making it easy for members to deposit and withdraw funds.
PayPal Collaborations with eSports Teams & Athletes
The company aims to expand its influence in the industry, and campaigns featuring famous eSports players are among the best ways to reach this goal. For instance, 2021 was marked by a partnership of PayPal with Ubisoft, one of the largest game developers globally. The company has become a primary sponsor of Rainbow Six Esports, strengthening its position as a leading digital payment provider. Jill Cress, Vice President of Consumer Marketing at PayPal mentioned that gaming is now the heart of the digital industry, so the collaboration brought benefits for both parties.
Future of PayPal in eSports and Beyond
The gaming market is among the world's fastest-growing sectors – so PayPal is planning to get involved in the industry even more. Promoting and improving digital payment services, making them more accessible to every user, is the top priority for the company. Therefore, PayPal aims to expand even more, targeting different people from varied regions. Currently, digital payments are mainly used by millennials, but the enterprise does everything to popularize them among more people. We may see more collaborations between PayPal and eSports companies – so the future holds a lot of exciting.
The Final Word
PayPal boomed the market long ago: its inception in 1998 changed the world of digital payments once and forever. Currently, the company is expanding its global influence, and it cannot but touch the eSports industry. Numerous businesses like betting platforms and services that stream eSports competitions have already implemented PayPal into the list of payment systems. The company constantly works on improvements, providing users with smooth and secure transactions in 200+ countries worldwide. PayPal is highlighting the importance of gaming in the digital arena and plans to form more collaborations with eSports representatives to get mutual benefits.