Esports Bookmakers Accepting Swish

Swish is the brand name for a Swedish mobile payment system launched back in 2012 by the Central Bank of Sweden and Bankgirot, with six other large Swedish banks. It is one of the members of the European Mobile Payment Systems Association. Notably, it currently has approximately eight million users, which is a testament to its popularity.

Payments made through the Swish system are completed in real-time. It takes only a few seconds before both parties receive transaction confirmations. A user needs a valid phone number that is connected to their Swedish bank account. Users with Swedish bank accounts but no suitable phone numbers can also register for only reception of payments.

How to Make a Deposit with Swish

How to Make a Deposit with Swish

Being one of Sweden's most popular payment methods, eSports bettors use Swish to make deposits to online casinos. For that, users need to own a unique Swedish national identity number. As stated earlier, the user must also have an account with any of the participating banks. Given the nature of the transactions, the user must also have access to the internet.

Before starting the deposit process, the user needs to ensure the online casino accepts Swish deposits. The user can then log in to the casino account and navigate to the deposit options.

The user can then select the Swish deposit option and then input the amount to be deposited. Confirming the transaction redirects the user to the Swish app for verification purposes. Transaction verification requires the mobile bank ID.

The transaction usually takes a few seconds, meaning that the casino account balance will indicate the new amount after refreshing the online casino page. The user can also confirm the transaction by checking his bank account balance, which should be less with the amount deposited and any associated transaction fees.

How to Make a Deposit with Swish
How We Rate Banking Methods

How We Rate Banking Methods

Rating banking methods can be challenging because of the numerous factors to be considered. However, a few factors are the most important to most users, making a good basis for ranking. A few examples are given below.

  • Accessibility: Ease of access is always essential for punters regarding making deposits. The easier a payment method can be accessible, the higher it should rank. Swish is available 24/7.

  • Security: The main concern among punters regarding deposits is usually security. That is especially regarding their private information. The more secure a payment method is, the higher the rankings.

  • Popularity: It is also another crucial ranking factor. That is because popularity usually stems from reasonable factors. The more people love or use the payment method, the higher it will rank if all other factors are constant.

  • Safety: The safety of the payments should go without saying. Having certainty that payments will be deposited safely is a desire of all punters, hence a high ranking factor.

  • Customer Support: There are numerous times when eSports players go through challenges trying to make deposits to online casinos. Rapid, professional, and friendly customer service regarding making deposits is thus an essential ranking factor.

  • User-Friendlyness: Not all punters are experienced or well-versed in making deposits. Payment methods that make the entire process easier and faster thus rank higher.

  • Fees: One of the top interests of most punters is usually to make money. Payment methods that cost the least are thus a lot more attractive, resulting in higher rankings.

How We Rate Banking Methods
Pros and Cons of Swish

Pros and Cons of Swish

Pros

  • Instant depositsFor starters, all deposits made are instant. That means punters do not have to miss out on betting opportunities because of the lack of betting funds.

  • Safe and secureThis payment method offers high levels of safety and security, allowing users to enjoy worry-free transactions at any time. Advanced security features and company policies come into play to ensure safe and secure transactions.

  • User-friendlyMaking deposits using Swish is hassle-free and quite fast, even for new users. The applications, which are available for both iOS and Android, make everything even easier.

Cons

  • Limited Access. Currently, Swish is only available to users with Swedish ID and bank accounts. This means that eSports players from other countries might not get the chance to use Swish sooner.
Pros and Cons of Swish
Swish's Popularity in the eSports Betting Industry

Swish's Popularity in the eSports Betting Industry

Online betting has had rapid growth over the last decade. That resulted in fewer trends coming up in the industry. Challenges such as the Covid 19 pandemic also made things a bit more challenging. However, there were also some upsides experienced in the industry.

Esports events were relatively the least affected during the worst times of the pandemic. It offered numerous betting opportunities when most other betting markets had nothing to offer because of canceled and postponed events. That resulted in a lot of attention shifting towards eSports.

Most punters who joined eSports betting had to join new online casinos that offered eSports betting markets, as the market was not so popular before. That meant considering new deposit methods in the new sites. With all considerations made, Swish became quite popular because of the numerous pros it offers.

However, Swish's popularity was limited mostly because of geographical reasons. One of the main requirements is having an appropriate Swedish bank account, which cannot apply to most online punters in the international market.

Swish's Popularity in the eSports Betting Industry
Swish Account Opening Process

Swish Account Opening Process

The first process to getting Swish is downloading the Swish mobile application to a smart device. The app will then prompt the user to fill in his details. The required information includes identification and banking details.

A user who does not have a bank account with any linked banks has to register for one before continuing the process. The bank account opening process differs a bit for the different banks. All the registration information provided must be legitimate for it to work.

The next step involves linking all the information of the user with a mobile phone number. The mobile number can be from any network carrier, including international ones. The mobile number helps with the authorization process.

The user's bank has to verify and approve everything before the user can make transactions using Swish. That is because all funds deposited via Swish come from and must be approved by the bank. Users do not need to deposit money into their Swish account, as transactions are made directly from their bank accounts.

Swish Account Opening Process
Responsible Gaming

Responsible Gaming

Despite the ease of depositing via Swish, responsible gaming is always essential. Responsible gaming entails depositing the right amounts, managing bankroll correctly, managing gambling time, managing gaming emotions, and many other things.

There are numerous reasons why all punters should game responsibly. The main reason is to prevent excessive financial losses that can be life-altering negatively. Another reason is to avoid mental issues such as stress and depression, which gambling outcomes can cause.

Responsible gaming also ensures that punters adhere to all the laws and regulations that govern the gaming industry. For example, underage gambling is illegal in most jurisdictions and should be avoided at all costs.

Responsible Gaming