The way in which we all pay for items online has changed dramatically over the past decade. Card options are now not the only way to pay, and with people worrying about security online, alternatives have hit the market and grown very quickly.
Skrill is one of the frequently used electronic wallets for online sports betting. Initially known as Moneybookers, this payment method is popular not only in the UK betting app and Europe but also other countries in the world. You can use Skrill to fund your bookie accounts and withdraw your winnings through Skrill MasterCard.
The Skrill MasterCard is usable on any ATM in the world, and you can use your card for other transactions. Due to lots of benefits that Skrill offers, the payment method is not only popular among punters but also sportsbooks. This means that a wide range of reputable betting firms offers Skrill as one of their top deposit and withdrawal methods.
As a digital wallet, when you enter your Skrill details on any gambling site, you are simply giving them your account name. This means, even if your Skrill account is funded by a debit card, the companies you use never see that, so there is no chance of it being stolen.
Skrill Betting Sites
Some people like to use multiple betting or casino accounts and pay money into them all over a period of time. This means your card details go to a number of different betting companies, which opens you up to your details being stolen more so than betting with one company.
People are asking these questions
💰 Is Skrill legit?
✅ Yes, Skrill has been working online for 20 years since 2001. They have 2000+ employees and make $400M+ revenue per year.
💰 What is Skrill wallet?
Skrill mobile wallet offers to customers money transfers and cryptocurrency trading.
💰 Is Skrill safe?
✅ Yes, Skrill is a very safe and secure company which is regulated by the Central bank of Ireland and UK Financial Conduct Authority.
💰 Which is better Skrill or Neteller for betting?
Neteller has more deposit options compared to Skrill, but also Neteller has higher transaction fees. So for this point Skrill is better for sports betting. But both digital wallets provide a safe and secure way of online gambling.
💰 How to use Skrill for gambling?
To use Skrill for gambling is pretty easy, just create and verify your account, when adding funds and start placing your bets.
💰 How much time Skrill take to verify?
To verify your Skrill account only takes less than 5 minutes. Log in to your account, go to settings and complete the verification process.
💰 Who owns Skrill?
In 2015 PaySafe company purchased Skrill and now the company belongs to PaySafe Group PLC.
💰 What is Skrill limits?
Daily Skrill limits for money transfer is from $5,000 to $10,000. Weekly from $10,000 to $20,000 and monthly from $20,000 to $50,000.
💰 What is Skrill minimum deposit into bookies?
It really depends on the bookmaker, it could be $1 to $20, but the important thing is always to look at bookmakers promotions rules. Because sometimes to get the first deposit bonus from a sportsbook you need to make a bigger deposit.
💰 How to get Paypal to Skrill transfer?
❌ It’s not possible to make Paypal to Skrill transfer because there are separate payment gateways. If you want to transfer Paypal to Skrill, first of all you need to withdraw Paypal money to a bank or debit card and then make a deposit to Skrill.
Thanks to Skrill though, you can bet with different Skrill betting sites, but only give them your Skrill account details, rather than any bank or card details, that you will have given in the past. Of course, it’s not just security that Skrill helps with. Betting sites that accept Skrill offer a convenient way to pay for funds, and give you an option to spend your winnings when you are ready.
About Skrill Company. Skrill Review
Let’s have a look to Skrill review. This company is a digital wallet provider that was established in the United Kingdom in 2001. The company offers a wide range of money transfers and online payment services. Since its establishment, Skrill has expanded to provide its services in more than 200 countries. In 2011, the company already had six million registered customers.
In the same year, information sources had it that Skrill was one of the most popular payment operators for many brands in the world, including Skype, Facebook and eBay. The owners and operators of the banking institution rebranded it in 2013 as Skrill. And in 2015, PaySafe Group PLC purchased the company. PaySafe Group PLC is the parent company of Neteller, which is also a favourite for many punters.
Skrill supports 40 different currencies and partners with other banking methods to allow its customers to fund their wallet. Bank Transfers and Cards are the most popular options. After funding your account, you can use the funds to pay other users, pay merchants or transfer into Skrill crypto currency platform (read this – betting with cryptocurrency).
Skrill uses state-of-the-art SSL encryption and other proven technologies to protect the funds and information of its users. Additionally, the company holds a couple of licenses that enable it to offer payment services in Europe and worldwide. The Central Bank of Ireland regulates it for all of its activities in Europe.
Outside Europe, the payment activities are controlled by Skrill Limited, a banking institution incorporated in the UK, and the United Kingdom Financial Conduct Authority regulates it. It has its headquarters in London, the United Kingdom.
How to set up a Skrill Account
Before you can start using Skrill to fund your sportsbook accounts, you need to set up your wallet first. Thankfully, the procedure is easier than you may think. Below is the full procedure:
✔️ Visit the Skrill main website and navigate to the Register button located at the top right-hand corner.
✔️ Click on the Register button to access the registration form.
✔️ Fill in all the required details, including a password, and email address, your biodata, current address and postcode. You should be sure to provide accurate information since you will need to verify it later.
✔️ The second last page of account creation will require you to select your preferred currency for your Skrill account. After that, just press the Open Account button to submit and complete your registration process.
Funding Your Skrill Wallet
Once you have your Skrill account, you can now deposit money into your wallet using almost all of the most reputable payment options available for international transactions. Being an electronic wallet, Skrill allows its users to store all of their money and spend it later when needed.
Users can link their bank accounts and some of the globally accepted debit, credit and prepaid cards. After linking any of these payment sources, you can start funding your Skrill account. For you to link a payment method and transfer funds into your Skrill Wallet account, you will need to find the Upload Funds button and press it once you’re logged in.
Fees and Charges of Using Skrill Payments
Creating a Skrill account and maintaining it is free of charge unless you’re making a transaction. Most of the fees in Skrill are charged as a percentage of the transaction amount. All users of Skrill accept that being in a position to keep all of their Skrill payments options under one roof while making payments to and from it with ease is worth a small fee.
Funding your Skrill account is 100% free, unless through MasterCard, Visa, PaySafeCard, Diners Club, American Express or JCB. For Skrill bet purposes, deposits, as well as Skrill withdrawal fee from bookmakers, are often free.
The Skrill App
Skrill operators understand that people currently use their mobile devices to make payments, communicate, play games, place bets on sports and much more. And that is why it has a dedicated mobile app that Android, iOS, and Windows device users can download and install on their tablets or smartphones.
The Skrill app is responsive and features the same level of customer security as the web version. With the app, you can transfer your money anytime, anywhere and helps punters deposit funds to their Skrill sportsbooks accounts right from their tablets or smartphones. All benefits and fees associated with the web version of the wallet also apply to the app.
Advantages and Disadvantages of Skrill Sports Betting
Many bettors in the United Kingdom and other parts of the world admit that betting online has become easy since they started making deposits and withdrawing fund through Skrill. Below you will find some of the benefits that bookmakers that accept Skrill payments can offer.
✅ Simple and easy to use.
✅ Easy and instant access to your Skrill balance through Skrill MasterCard.
✅ Skrill one-tap feature allows for speedy transactions and services.
✅ VIP programme, where you can get free Skrill money.
Aside from the advantages, there are also a few disadvantages, especially for punters. Betting with Skrill disadvantages include:
⭕ Not valid for welcome bonuses in some Skrill bookmakers.
⭕ Deposit and withdrawal fees in some Skrill bookies.
⭕ Some top sportsbooks don’t support Skrill deposits and withdrawals.
⭕ Restricted as a payment option in some countries.
Skrill Restricted Countries Which Can’t Use Skrill
One of the main disadvantages of using betting sites with Skrill that this company it is not available in some countries. You will not be able to use Skrill services if you come from Turkey, China, Canada, France and Germany. You should visit the Skrill website to learn more about the countries accepted before you can create an account.