Online bookmakers accept payments from a good number of digital e-wallet platforms. These are similar in operation to PayPal who were one of the first widely trusted e-wallet solutions. Usually, what a betting company looks for is a fast, safe and convenient method that you as a customer can use to make a deposit and withdrawal. If you are an avid punter, you must know that confidentiality in your transactions is of the utmost essence. Skrill is one of those trusted platforms that both punters and bookmakers are happy to be partnered with.
Therefore in this article we will look at the best online bookmakers that accept Skrill as a payment option.
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What is Skrill and How Does it Work?
Skrill is one of the best payment technologies across different sectors. It is also one of the major players in the betting industry. As a punter, you definitely understand the importance of an instant money transfer platform, especially when you want to deposit money to place a bet on a game that is just about to start. Skrill enables you to do this on your computer or mobile device, right from the comfort of your house.
Skrill works in a relatively simple way. To enjoy its money transfer services, you have to create a Skrill account, which is done through their official website.
Your skrill account is then linked to your bank account, payment cards or any other relevant means.
After everything is set up, you can fund your Skrill account and move funds to your betting account comfortably. For withdrawals, you just need to move the money from the betting site to your Skrill account.
How to Bet Using Skrill
As a regular punter, you need a reliable and quick method to get your money to the betting site. This is the kind of service that Skrill provides. So long as you have a funded Skrill account, you can move money to your betting account whenever you want and place your bet. Similarly, you can move your winnings from the betting site to your Skrill account conveniently.
History of Skrill
Skrill has been in existence for close to two decades. In fact, it is just one year shy. It began operating in 2001 but was officially launched later in 2002 under the name Moneybookers. The name would later be changed to Skrill.
Over the years, this firm has grown and now provides its services in over 200 countries. Currently, Skrill has over a staggering 15 million account holders. It has earned quite a reputation to the extent that it has been integrated into the banking system.
Due to its credible and reliable money transfer service provision, Skrill has been awarded for its efforts. It has partnered with various renowned firms, including eBay.
Back in 2010, Skrill reached yet another notable milestone. This time, it was voted as one of the UK’s fastest growing firms in the privately funded companies’ category by both the Sunday Times and Delloite.
Bet365 was among the first betting firms to work with Skrill. Soon after, other major bookmakers followed suit.
Countries Where Skrill can be used for Gambling
The chances are that you like the instant money transfer services offered by firms like Skrill, as it enables you to deposit money in your betting account hassle-free. From a global point of view, Skrill is among the leading e-wallets.
So, can it be used in your country? Since not all countries support Skrill, you would need to check first before you create an account with them.
While gambling online may be legal in the UK, it may be illegal in some countries. For instance, if you are in the USA where gambling online is restricted, then you can’t use Skrill to fund your betting account. This applies even when you are from a country that allows online gambling, but visiting a country that doesn’t.
Some of the other countries where you can’t use Skrill to fund gambling include China, Malaysia, Israel, and Turkey.
In over 200 countries where the Skrill money transfer services are offered, the majority allows their people to use Skrill for betting activities.
Is it safe to use Skrill for Online Betting?
You have probably heard of fraudulent money transfer and payment services. While fraud is an unfortunate reality, Skrill is one of the safest e-wallet platforms that you can use for your online betting.
This firm uses state of the art security technology to ensure that every single penny of the money you transact is safe. They use a sophisticated encryption system to prevent fraudsters from interfering or stealing your money.
All financial operations are constantly monitored. In fact, accounts with suspicious activities have been shut down temporarily or completely in the past. The indefinite closure occurs when the evidence of illegal activities is overwhelming. However, only a few accounts get to this point. The point is that all possible security measures are taken to safeguard your money.
How long does it take to deposit & withdraw funds using Skrill?
Depositing funds with your preferred bookie using Skrill is almost instantaneous. This makes it convenient, particularly when the games you intend to bet on are scheduled to start within a short time.
When withdrawing money from your betting accounts using Skrill, It takes a maximum of 24hours for it to reflect in your bank account. Nonetheless, this process mostly takes less than 24 hours to go through.
Are There Any Fees for Using Skrill on Betting Sites?
Using Skrill for convenience in your betting activities definitely attracts a reasonable fee. The good news is that you are not required to pay anything when depositing funds into your betting account.
However, when withdrawing your winnings through Skrill, there is a small fee that applies. Usually, this fee is about 1% of the amount you want to withdraw. Note that this fee may vary depending on how often you use the Skrill services. You might even pay less if you are considered active!
The charged fee may also be affected by the location you are withdrawing from. If your Skrill account is inactive for 12 months, you will be charged an extra € 5 a month from the funds in it.
Do All UK Bookmakers Accept Skrill for Deposits and Withdrawals?
As much as you might not be able to use Skrill deposit and withdrawal services with all bookmakers in the UK, a majority of the major players accept Skrill. This includes Betway, Bet365, William Hill, Betfred, RaceBets, Betfair, NetBet, Boylesports, Paddypower and 888sport.
Are There Any Bonuses When Depositing via Skrill?
Some bookmakers offer welcome bonuses to new customers who opt to deposit funds to their betting accounts through Skrill. However, most bookmakers, especially in the UK, will not allow you to make a deposit through Skrill if your intention is to claim the bonus.
The reason why this happens is that ID verification is sometimes difficult with Skrill deposits. As a result of these difficulties, compliance issues may arise.
However, there are some bookmakers who still give bonuses. For instance, Betrally is keen to offer their Indian Customers a super bonus so long as they meet the set deposit threshold.
Why Is Skrill a Preferred Method for Transfers to Online Bookmakers?
With Skrill, you are guaranteed a quick, safe and secure method to deposit and withdraw money from your betting account. For this reason, most people prefer to use Skrill. There are other factors that are worth considering which include cost-effectiveness and reliability. Moreover, a majority of bookmakers have demonstrated their confidence in the services offered by Skrill and partnered with it.
Skrill gambling or non-gambling. What’s the difference?
Initially, customers in various countries were expected to have two types of Skrill accounts. You would have one set aside for gambling and the other one for typical transactions. During the sign-up process, you’d have to declare the kind of transactions you would want to conduct using that account. A non-gambling account strictly meant that you would not use it for betting, while a gambling account enabled you to carry out your betting business. Fortunately, that is now a thing of the past. There are no limitations on how you can use your account. The important thing to remember is adhering to the terms and conditions set by Skrill.
Which Countries is Skrill restricted in?
From a global perspective, not every country allows the use of Skrill in betting for various reasons. One of the major reasons is betting prohibition by some countries. Some of the countries where betting is illegal include the USA, China, Somali, Iran, Iraq, Israel, Cuba, Eritrea, Kyrgyzstan, Syria, South Sudan, Turkey, Brazil, Canada, and Afghanistan.
What currencies can I use when betting with Skrill?
There are a lot of different currencies that you can use with Skrill. Your currency choice will depend on the country that you come from. Here is a list of the currencies that are currently accepted from punters who prefer to use Skrill:
- EUR Euro
- TWD Taiwan Dollar
- USD U.S. Dollar
- THB Thailand Baht
- GBP British Pound
- CZK Czech Koruna
- HKD Hong Kong Dollar
- HUF Hungarian Forint
- SGD Singapore Dollar
- BGN Bulgarian Leva
- JPY Japanese Yen
- PLN Polish Zloty
- CAD Canadian Dollar
- ISK Iceland Krona
- AUD Australian Dollar
- INR Indian Rupee
- CHF Swiss Franc
- KRW South‐Korean Won
- DKK Danish Krone
- ZAR South‐African Rand
- SEK Swedish Krona
- RON Romanian Leu New
- NOK Norwegian Krone
- HRK Croatian Kuna
- ILS Israeli Shekel
- JOD Jordanian Dinar
- MYR Malaysian Ringgit
- OMR Omani Rial
- NZD New Zealand Dollar
- RSD Serbian Dinar
- TRY New Turkish Lira
- TND Tunisian Dinar
- AED UAE Dirham
- MAD Moroccan Dirham
- QAR Qatari Rial
- SAR Saudi Riyal
Skrill Prepaid Mastercard
If you want to use a Skrill Mastercard for any reasons whatsoever, it is availed to you at an annual fee of € 10. The Mastercard can help you with planning and safeguarding your private banking details.
Can I use the Skrill Prepaid Mastercard to make a deposit on an online betting site?
Skrill does not encourage deposits to the betting sites through Mastercard. In fact, Skrill has a policy that states that Mastercard deposits to gambling sites are restricted. Although it’s clearly forbidden, it tends to work with some of the betting sites. This, however, is not guaranteed. Therefore, it is better to use the allowed methods.
Advantages of Skrill
Using Skrill for online betting comes with a host of advantages, including:
- It is accepted by numerous bookmakers. You, therefore, don’t have to dig deep to find betting sites that accept Skrill
- You get instant deposits. You don’t have to miss out on your favorite games that are scheduled to play within a short time
- Free deposits
- Betting promotions. The betting promotions appear at the bottom of the Skrill page whenever available
- Instant withdrawals when you use a prepaid Mastercard
- Reasonable withdrawal fees, making it one of the most cost-effective e-wallet
- Prompt customer care services
- It is available in many countries all over the world
- It offers a variety of currency options
Disadvantages of using Skrill
- You need to pay the annual fees for your Mastercard
- Strange behaviors by bookies in a bid to impose certain limitations on maximum stakes. This is, however, a rare occurrence
- A fee applies to transactions between two Skrill accounts
Skrill is arguably one of the best e-wallets for online betting transactions. No wonder its popularity is ever rising. Given that the firm has shown steady growth over the years while introducing new features frequently to keep improving its customer experience, you shouldn’t hesitate to get on board and enjoy the best deposit and withdrawal services.