Skrill is a payment method that is very popular amongst bettors and betting sites alike. Skrill was founded in 2001 and has since then increased in popularity. Today, many online betting sites accept Skrill, as it is one of the top payment solutions for betting. When choosing a site to bet on, it is important for bettors to choose a bookmaker that accept their preferred payment option.
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Skrill (initially Moneybookers) is an online money transfer method established in 2001. Fast forward in 2021, the company has managed to expand to over 120 countries, supporting up to 40 currencies.
Currently, Skrill is a mainstay at top betting sites, offering services to local and international betting sites. So, want to start betting with Skrill? Here is all the vital information about Skrill betting and where to play using this banking option.
Punters first need to create a wallet to begin betting with Skrill at the best gambling sites. Thankfully, the process of creating a Skrill wallet is pretty straightforward. Start by visiting the official Skrill website and then tap “Register.” Next, fill in the requested information on the electronic registration form. After everything is done, Skrill will send you an email confirming the account has been set up successfully.
After this, it’s time to fund the e-wallet. Players can do that using direct bank transfers and other Skrill accounts. As expected, players can also link cards, such as credit/debit cards and prepaid cards. To transfer money into the account, click “Upload Funds” and then follow the on-screen instructions to add money. Now head to your Skrill-supported bookie and transfer the money.
Suffice to say that Skrill services are accessible via the web-based version or dedicated mobile apps. The Skrill mobile app is sleek, straightforward, and available to download on Play Store and App Store. The app lets users deposit funds into their bookie accounts as well as make withdrawals. In short, it does practically everything the web-based version can do.
Creating and maintaining a Skrill wallet is usually free. Put simply, Skrill doesn’t charge any monthly or account inactivity fee. Also, this e-wallet option doesn’t charge bettors anything to send money into their betting accounts. However, withdrawals attract a certain percentage of the transaction amount. This can be as low as 1%.
Meanwhile, unverified Skrill users have a daily transfer limit of $2,500 and can send or receive a maximum of $1,000 per session. In addition, the weekly and monthly transfer limits are $3,500 and $4,500, respectively. However, you can increase the amount by proving your identity.
Note: The apparent drawback of depositing via Skrill is that most bookies don’t offer bonuses. But this is not always the case. Therefore, read the bonus fine print to see if Skrill deposits qualify for the reward.
It is absolutely free of charge to process payouts via Skrill on most bookies. However, this might vary depending on the operator. Also, direct Skrill withdrawals to a linked bank attract a flat fee of €5.50, while a 7.5% rate applies to VISA withdrawals. When it comes to currency conversions, a 3.99% fee applies. Plus, a service fee of €5.00 is levied every month for accounts that have been dormant for more than a year. Sad, huh?
As said before, players can increase the transaction limits by verifying their Skrill accounts. This is also the standard procedure before making withdrawals. To get the account verified, one will have to upload a picture of their driver’s license or government-issued ID.
Then, gamers must show proof of residence by providing a copy of a recent utility bill or bank statement. After giving these documents, verification might take several hours or even days.
Skrill withdrawals can be instant or take up to 2 business days, depending on the sportsbook. Note that this is usually the standard duration to withdraw money from any gambling site to e-wallets. After a successful withdrawal, it will take another 2-5 business days for the funds to appear in your linked bank account. So, it’s safe to conclude that there are other faster payment options out there.
Skrill holds multiple licenses, allowing it to render its services globally. For example, Skrill’s parent company, Paysafe Group, is licensed by the Central Bank of Ireland. This allows the company to offer banking services in Europe. In the USA, Skrill is regulated by the FCA (Financial Conduct Authority). These licenses and many others under its roster make Skrill one of the safest options around.
Another security reason to use Skrill is that all transaction data are SSL encrypted. Although you’ll disclose your login details, the SSL technology ensures that hackers can’t access your password and username.
For added security, Skrill uses two-factor authentication (2FA) to confirm identity. This technology adds an extra security layer where users must enter a code before logging in. The code is usually sent to a provided mobile number or email.
Support and customer service is a crucial factor to consider when choosing a payment option. So often, players can have issues such as delayed deposits/withdrawals, account verifications, exchange rate inquiries, and so on. Fortunately, Skrill offers an effective support system via various channels.
First, there is a comprehensive FAQ section with answers to all basic questions. If you don’t find the answers you’re looking for in the FAQ section, then directly contact support via live chat. However, live chat consultation is only available to VIP customers. Unverified users will get chat support managed by a virtual assistant.
If all else fails, players can email or telephone Skrill’s support team. While email responses can take up to 24 hours, telephone support are instant. The company offers multiple hotlines available from Monday to Friday (8 a.m. to 5 p.m. local time). Plus, gamers can directly message support using the electronic form.
Below are the Skrill support contacts:
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