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Transactions

Transaction Settling on the Outcome of Matches in Esports Wagering​

Transaction settling in esports wagering refers to the process of transferring funds from the losing parties to the winning parties after a match has been completed. This process is typically handled by the esports wagering site, which acts as a third-party intermediary.

To settle transactions on the outcome of matches, the esports wagering site will first need to determine the official result of the match. After each match, any participant may submit the results for the match, and the other participants can dispute if needed. The funds are held for 8 hours. If no dispute is filed during this time, the result is considered legitimate.

Once the winnings and losses have been calculated, the esports wagering site will then need to transfer the funds from the losing parties to the winning parties. This is typically done through a secure payment processing system.

Here is a step-by-step example of how transaction settling works on an esports wagering site:

  1. A user places a wager on the outcome of a match.
  2. The match takes place.
  3. The esports wagering site determines the official result of the match.
  4. The esports wagering site calculates the winnings and losses for each party involved.
  5. The esports wagering site transfers the funds from the losing parties to the winning parties.

Deposit and Withdrawal Functionalities of the Proposed Wagering System​

The proposed wagering system will offer users a variety of deposit and withdrawal options. Deposits and withdrawals can be made using the following methods:

  • Credit cards
  • Debit cards
  • E-wallets (e.g., PayPal)
  • Bank transfers

Deposits

To deposit funds into your account, simply visit the "My Account" section of the website and select the "Deposit" option. You will then be able to choose your preferred payment method and enter the required information. Deposits are typically processed immediately, so you can start wagering on your favorite esports matches right away.

Withdrawals

To withdraw funds from your account, visit the "My Account" section of the website and select the "Withdraw" option. You will then be able to enter the amount of money that you would like to withdraw and your preferred payment method. Withdrawals are typically processed within 24-48 hours.

Fees

The proposed wagering system will charge a small fee for deposits and withdrawals made using credit cards, debit cards, and e-wallets. Bank transfers are free.

Security

The proposed wagering system uses the latest security technologies to protect your funds and your transactions. All deposits and withdrawals are encrypted and processed through secure payment processors.

Additional Information

  • Users must be at least 18 years of age to deposit or withdraw funds.
  • Users must verify their identity before they can withdraw funds.
  • There are minimum and maximum deposit and withdrawal amounts.
  • Users may be subject to additional fees if they make multiple withdrawals in a short period of time.

If you have any questions about the deposit and withdrawal functionalities of the proposed wagering system, please contact customer support.