When it comes to sports betting and payment methods, Skrill is always up on the list of the most popular ones. This London-based ewallet was established in 2001 as Moneybookers, and it quickly grew in popularity thanks to the quick and cheap international transfers it facilitates. Thanks to its flexibility and the fast processing times, Skrill was quickly adopted by punters as a primary deposit and withdrawal method at nearly all the online betting sites worldwide. Our team of experts prepared a thoroughly-researched article including all the important aspects of Skrill as an online betting payment option. You will find accurate data on betting sites offering bonuses for Skrill deposits, how to make a deposit and withdrawal using Skrill, or how to create an account for this electronic wallet.
Unfortunately, most of the online betting sites accepting Skrill deposits and withdrawals won’t offer you the first deposit bonus on a deposit made using the ewallet. If you study the Terms and Conditions of the first deposit bonus, you will surely find a line that clearly specifies deposits made with Skrill and Neteller do not make you eligible for the first deposit or welcome bonus. The reason behind this limitation is the difficulties that online betting sites have when performing proper Know Your Customer checks for deposits made via Skrill. In other words, the bookmakers can’t immediately determine if the Skrill account actually belongs to the player that created the account. Since all online sportsbooks take money laundering and fraud cases very seriously, they decided not to offer first deposit bonuses on payments via Skrill. This measure is meant to discourage using fake or stolen Skrill accounts.
There are no other restrictions when referring to claiming bonuses for Skrill deposits. Once you verify your betting account, you will be able to claim all the reload bonuses and other promotions that the bookmaker of choice offers.
To make a successful deposit with Skrill, you will have to first create an account directly with the ewallet. Don’t worry if you’re not sure how to do so, we will cover all the steps for creating an account further down. For now, let’s suppose you already have a Skrill account, you already chose an online bookmaker from our list of sportsbooks with Skrill bonuses and created an account at that bookmaker as well. Once all these steps are completed, follow this guide to make your Skrill deposit:
The vast majority of online bookmakers do not apply any kind of fees and if you want to be sure you’re not going to deal with extra taxes or fees, simply choose a bookmaker on this page, you’ll be in good hands.
After you deposit, place a winning bet and earn some cash that you want to withdraw, the process is just as smooth and quick as it was when you deposited the funds. The steps are pretty much the same as well, with the difference that you will select “Withdrawal” in the cashier and then input the amount you want to cash out. Requesting a withdrawal with Skrill should come without fees at most of the online bookmakers out there. The ewallet will never apply any fees when you request the funds from the bookmaker back to the Skrill account so if you notice any taxes during this step you can be sure they are applied by the bookmaker and it’s probably best to steer clear of such bookies.
Skrill is one of the fastest online betting withdrawal methods you will find with payments being processed instantly once released by the bookmaker. Of course, not all online sportsbooks have the same processing times for Skrill withdrawals, however, the longest it should take is around 12 hours until you receive the money.
Creating a Skrill account is pretty straightforward. The first step is to open the website, then you should follow these steps to rapidly open a new account:
Make sure to choose the right currency for your country or the country where you will use the Skrill account most often for online betting because you won’t be able to change it at a later time.
Once you create your new Skrill account, you will be prompted that it is highly recommended to verify the account before proceeding. Not verifying your account will still enable you to use the ewallet, however, the limits for ewallet transactions and deposit limits will be considerably lower until you do so. We’re going to focus on the account verification procedure when using the desktop website, however, even if you’re using the dedicated app, there aren’t so many differences.
Click the banner that informs you the verification process is recommended, click “Learn More” and you will be redirected to a new window where you need to select “ Take a webcam shot” and then take photos of the following documents:
Besides unlocking all the features and removing limits from your account, completing the Skrill verification procedure also opens up the possibility to request a Skrill Prepaid Mastercard. You can order the prepaid card from your account and use it to withdraw cash at ATMs, pay online or at millions of POS devices in the world. You will be charged €10 when the card is requested and then the same amount annually, a 3,99% currency exchange fee, and a 1,75% fee for cashing out at the ATM.
As we mentioned earlier, when using Skrill at online bookmakers to top-up your account or request a withdrawal, there are no fees to worry about. However, when uploading funds to Skrill or taking out money from your Skrill account to a different payment option, there are some fees involved.
Skrill started their adventure towards becoming one of the world’s leading payment options for online betting in 2001. However, what not many users know is that Skrill reached the status it has today after being acquired by the Paysafe group. March 2015, is the date when they were acquired by Paysafe Group, the company that owns the Paysafecard, thus allowing funds to be added to Skrill ewallets via Paysafecard and boosting Skrill’s presence on even more online betting markets around the world. Nowadays Skrill is available in over 40 currencies and many more countries. Despite this wide coverage, Skrill’s core markets remain the United Kingdom, Scandinavia, and Western Europe.