Making a payment with Skrill - our comprehensive guide
Skrill is an industry-leading e-wallet that online gamblers have embraced with zeal. It’s effectively like having a payment passport that allows you to send funds to numerous e-commerce sites whilst ensuring your banking details and payment information remain private and secure. If you have never used Skrill before then you can follow the following steps to get your account up and running:
- Step 1: Firstly, head on over to the Skrill website. As soon as you land on the main page you’ll see the purple ‘Register’ button in the top right corner of the screen.
- Step 2: You’ll then be taken to a form requisitioning a few details, such as your name, email and preferred currency.
- Step 3: Skrill will send verification messages to both your nominated email address and mobile number. You’ll need to confirm these before using your account so make sure you enter them correctly!
Once you have completed the steps above, you’ll be up and running and in a position to start online betting with Skrill. All you need to do is add funds to your wallet and you’re ready to go. You should bear in mind though: not all platforms will accept Skrill, so be sure to refer to our comparison of Skrill bookmakers to ensure you choose one that does.
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Average time of Skrill for deposits and payouts - effective and efficient
It goes without saying that deposits and withdrawals are somewhat important for a platform that’s sole purpose is to facilitate online payments. Fortunately, Skrill is one of the most widely accepted e-payment methods out there. However, it’s worth noting that not all Skrill betting sites process payments in the same way.
Usually, when making deposits with a Skrill bookmaker, your funds will appear almost instantaneously. You might encounter a delay of a few minutes, subject to processing times, but realistically your funds will be ready to go as soon as you’ve completed the transaction.
You'll find that the quoted times for bookmaker withdrawal options when using Skrill can differ somewhat, but this is more often than not due to their processing times - not all platforms actually process withdrawals in real time. Some smaller operators tend to do them in batches, perhaps at the end of the working day. Usually, you can expect payments to clear in a couple of hours.
When it comes to actually withdrawing funds from your Skrill wallet to your bank, you can typically expect to wait 3 - 5 days for the transaction to complete. This is fairly standard and often has more to do with your bank’s processing times than the Skrill’s platform. If you want to see how Skrill processing times measure up to the competition, you can always check out our guide to PayPal online sports betting as well as comparing it with other ewallets.
Skrill verification requirements - get your ticket stamped
As part of its KYC protocol, Skrill requires all new users to verify their account. This is an essential step if you want unrestricted service and, though it may seem like an inconvenience, verification is there to protect users and their funds so it is certainly worth taking the time to complete.
To verify your Skrill account, all you need to do is follow three basic steps. Firstly, you need to upload a valid copy of your passport, ID card or driving licence to the Skrill platform. By this stage, you should already have confirmed your email and mobile number.
Skrill also requires you to prove your address by sending in a utility bill or bank statement that is no more than three months old. All of the documents can be sent via the verification option in account settings. If you add a bank account, you may also be required to complete additional verification with your provider.
Once verification is complete, you’ll receive a notification email from Skrill. Assuming all the details match up, most users find that verification can be completed in just a few minutes.
Compare top Skrill providers
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The history of Skrill - Where the journey started
Skrill is one of the oldest digital wallets on the scene, having been launched way back in 2021 under its original name of Moneybookers. Essentially, developers set out to provide a simple way for consumers to send and receive money online at a time when the internet 2.0 was about to take off.
The platform was initially UK-based but soon expanded to offer its service in over 120 different countries around the world. Fast forward to 2007 and Skrill had become one of the top providers of e-payment solutions on the market, at which point the platform was acquired by Investcorp. In 2011, the firm went around its rebranding from Moneybookers to Skrill - completing the image change in 2013.
The same year, Skrill also acquired another online payment system - PaySafe - before once again being bought out by CVC Capital Partners in a deal worth an estimated €600. This was then followed by a spate of further mergers and acquisitions.
Due to its reliability and security, Skrill has continued to build a loyal customer base and has gone on to expand its services to include inter-currency monetary transfers.
Today, Skrill has established itself as one of the most trusted payment platforms in the world of e-commerce. It has partnered with the English Premier League, AC Milan football club, and PokerStars. Thanks to its success and reputation, you’ll find Skrill is accepted by most major online bookmakers.
Skrill to other providers compared - The safest way to satisfy your wanderlust
Skrill provides a quick, easy and secure way to send funds online - much in the same way that PayPal and Neteller do. Each payment method has its strengths and weaknesses and it's not unheard of for users to have wallets with more than one provider. For example, users of Paysafecard betting sites 2022 can only make deposits using the service, so a second ewallet or account is needed to process withdrawals. But what exactly makes Skrill stand out against the competition?
One of Skill’s strongest features is its comparatively low fees. For example, PayPal charges merchants 4.5% to use its platform, whilst Skrill charges just 2.9%. Naturally, this is a strong incentive for platforms to offer Skrill and it’s not uncommon to find Skrill betting sites that do not accept PayPal due to the higher merchant fees.
Similarly, Skrill also has lower fees when it comes to actually releasing funds back to your bank account. For example, Neteller has an €8 fee for withdrawing to your bank account, whereas Skrill will charge just €5.50. However, if you don't want to pay any fees, then bank transfer betting sites are one option, but the transaction times can be slow, or you might like to try some of the best Venmo sports betting sites, although it should be noted that Venmo is far less widely available than Skrill at present.
Another plus point for Skrill is its VIP scheme. Whilst this will have little impact when using Skrill betting sites, it is certainly an incentive to use the platform. If you meet the monthly spending threshold, Skrill will offer you lower fees and additional benefits.
The VIP schemes are divided into tiers: to qualify for the Bronze programme, you need to spend more than €6,000. For Silver, its €15,000 and spending €45,000 or €90,000 will activate the Gold or Diamond levels respectively.
Skrill bookmakers also tend to have more offers available than they do for, say PayPal, but this will largely depend on the operator. Details of exclusions and provisos are always available in the bookmaker's terms and conditions.
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- Live betting feature
New Users – Bet $5 Get $150 If Your Bet Wins!
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Most popular Skrill payment methods - safe travels
If you’ve used online casinos or betting platforms in the past then you’re probably already aware that they often support numerous payment options. Often these platforms have specific uses, for example, there are payment wallets specifically for use with charge cards that offer enhanced privacy.
At betting.net™ we think it’s important that you are fully aware of the strengths and weaknesses of the major payment options. The good news is that any reputable bookmaker or casino will have a licence to operate, which in turn means it will only support secure and trustworthy payment platforms.
However, if you have queries about a specific payment option then you might want to check out some of our reviews and ratings of the common payment methods. For example, if you check out our guide to ecoPayz betting sites, we’ll break down all the features of this payment option, just as we have done here with Skrill.
To find out more about the different payment options that online bookies and casinos accept, make your way to the betting.net™ website and have a read through some of our reviews. Here you’ll no doubt find your ideal payment method - as well as suggestions for the best sites accepting that method.
More Popular Payment Methods for Online Betting
Conclusion - Skrill will help get you to your destination
When it comes to online payment methods, Skrill has really stood the test of time and proven its worth since its creation back in 2001. As a result, there are numerous places for betting online with Skrill and users can rest assured that their payments are made through a completely secure platform. Hopefully, our review of the top Skrill betting sites has given you a few ideas for your next destination. If you have found a bookmaker that you like the look of, then why not head over to the website and take a tour for yourself?
Skrill offers an easy, hassle-free way of sending money online without having to reveal your banking details to additional third party operators. Plus, you can open an account within just a few minutes.
On the other hand, if you aren’t convinced by e-payment options and would prefer to stick to the beaten track, check out our guide to credit card betting sites. Alternatively, if you're a fan of mobile payment systems, then take a look at some of the betting sites with Apple Pay 2022 (iOS users only) or alternative pay by mobile bookies for other operating systems. Whichever payment method you prefer, at betting.net™ we are confident we can help you find the perfect destination to bet safely online.
Skrill payment service FAQ
How do I open a Skrill account?
Opening a Skrill account gives you a quick and secure way to pay for things online. If you’re looking at online betting with Skrill, then our guide will let you know how to get your account up and running, as well as which platforms accept this particular payment method. We’ll let you know all the steps involved in signing up, as well as what documents you need to provide.
How do I find Skrill bookmakers online?
Different betting platforms will support different payment options. Here at betting.net™ we’ve put together a comparison of the top bookies that accept Skrill. Hopefully, having read our guide, not only will you know which platforms are accepting Skrill, you’ll also be able to see how they measure up against each other.
Can I use Skrill for sports betting?
Skrill is one of the most widely accepted e-payment methods there is and you’ll find that numerous betting platforms allow you to fund your account using the platform. If you are unsure of where to find the Skrill bookmakers out there, you can check out our comparison which lists all the top operators accepting Skrill and each review will tell you what services that offers.
How long do Skrill payments take?
One of the main advantages of dedicated online payment systems is that they are usually much faster than traditional banking. However, processing times can depend on the particular transaction you are making - namely whether you are depositing or withdrawing funds. It’s also worth noting that if you are using Skrill bookmakers, then the platform itself can have its own processing times. All this is covered in our guide to Skrill betting platforms.
Are there spending limits on Skrill?
When you open a Skrill account, you are required to verify as standard. This means that you have an unrestricted account from the moment you start adding funds. There might however, be occasions where additional security checks are required - particularly if you are sending/receiving large sums of money. The best way to check the details of any spending limits is to have a look at the terms and conditions when you open your Skrill account.
Are Skrill betting sites safe to visit?
Whenever you are sending money online, security is always going to be of paramount concern. Of course, we can’t speak for every betting platform out there, but as part of our reviews we check out the licensing, security and regulation of the top Skrill betting sites. This should give you peace of mind and confidence in choosing which Skrill bookmakers you can trust.
How many Skrill account types are there?
Some digital wallets offer numerous account types. The great thing about Skrill is that, unless you are a merchant, there is just one account type. If you’re looking at online betting with Skrill, then this account will do everything you require. All you need to do is click the Register button at the top of the page and you’ll be taken through all the steps necessary to get your account up and running to start online betting through Skrill.
Do all betting sites offer Skrill as a payment option?
Online betting with Skrill is widely supported but unfortunately, you may find the odd site that does not accept it as a means of payment. At betting.net™, we can let you know about all the leading Skrill betting sites and how they measure up against each other.
Does using Skrill exclude me from any welcome offers?
More often than not, Skrill bookies will not exclude you from any offers or promotions. However, there are some out there that do. Not only does this vary from operator to operator, but it can also vary from promotion to promotion on the same platform. With this in mind, it’s always worth checking the terms and conditions to make sure your Skrill deposit will be eligible for a special offer.
Do I have to verify my Skrill account?
Verification is an important part of staying safe online, so it’s essential that you provide the necessary documentation when opening your Skrill accounts. In fact, most Skrill betting sites will also have their own KYC procedures, so as much as it may seem like an inconvenience it should be seen as a bit like passport control - a necessary process that has more benefits than detriments.
