There are often a confusing number of payment options for online bookmakers. These offer you different methods for depositing and withdrawing your important betting funds. sometimes, it takes a deep dive into the help pages or terms & conditions of a particular bookie to actually find out the things you need to know. For example: how much you’re going to be charged in fees, what the deposit times are, and how long it will take for the bookie to process your withdrawals.
When it comes to betting online, having the deposit method and withdrawal method you want is a big part of making the betting experience enjoyable. That’s why we’re going to be looking in depth at a popular e-wallet form of payment: Skrill (formerly known as Moneybookers). We’ll be clearing up any confusion over what it is, first and foremost. We’ll also give you the lowdown on fees, tell you about deposit and withdrawal times at those betting sites that accept Skrill, and let you know how safe and secure it is for your betting.
Furthermore, we’ll tell you some of the advantages and disadvantages of Skrill betting. Put this all together, and you should have all the information you need to decide whether you wish to give this payment method a try.
Skrill began as Moneybookers in 2001, changing its name in 2011. It started as an e-commerce site for payments and money transfers. But, from the outset, it was also a popular payment method for betting sites.
Skrill is an e-wallet service. This means it is a secure website where you can place you betting funds for use on many bookmakers’ sites. You set up your Skrill account with payment details of your choice and upload funds to it. When you want to deposit funds at one of the bookmakers that accept Skrill, you simply have to enter you Skrill registered email address and password to deposit funds. The bookmaker does not hold or even see your financial details; all of that is kept securely by Skrill.
You can use many popular methods to deposit and withdraw to your Skrill account. These options include credit and debit cards, instant bank transfer, or by adding a bank account to your account to transfer funds. There are also options to deposit with cash cards, Paysafecard, Bitcoin, Neteller, and many more besides. Skrill accounts can be held in many major currencies, including USD, EUR, and GBP. However, once you make your first transaction the currency is fixed and cannot be changed.
Which Bookmakers Accept Skrill?
Top Three Operators For Skrill
When it comes to bookmakers, you obviously want to choose one that you can trust. And there is no better way to find out how trustworthy the major bookies are than by checking the 2018 betting.org bookmaker review list. Surprisingly, the number one bookie on the betting.org list, Betway, doesn’t accept Skrill as payment. Paddy Power, number two on our list, won’t allow Skrill to be used on its mobile app. However, there are some major bookmakers that accept Skrill, and here are our top three picks:
This Chinese based bookmaker has been around since 2012. Although that means it’s a relatively new addition to the sports betting market in Europe, they’ve consistently outperformed many more famous brands. With their comprehensive coverage of top sporting events and some particularly strong odds, they’re a great choice for your betting. They don’t have that many payment options, but importantly, they are top of our list of Skrill bookmakers.
There are no fees for depositing or withdrawing money using Skrill at 138.com. The minimum Skrill deposit at 138.com is 20 GBP (or 20 EUR) with a maximum of 5,000 GBP (5,000 EUR). Your deposit with Skrill should normally clear immediately, though you may occasionally find you’re asked for verification before being allowed to deposit funds. Withdrawals are subject to verification from documents you provide. Acceptable documents include valid photographic ID (passport, driver’s licence or national ID card), credit cards/debit cards, proof of billing address. The verification process can take up to 72 hours. The minimum withdrawal limit using Skrill at 138.com is 20 GBP (20 EUR) with a maximum of 10,000 GBP (10,000 EUR) per day. Withdrawal takes between 24 and 72 hours following any verification.
888sport comes fourth on the betting.org list of the best bookies, although there’s practically nothing between 888sport and 138.com. 888sport is a big, bold bookie, from its bright orange colour scheme to the presentation of some fabulous betting markets. It accepts a wide variety of payment methods, but it’s great to see that 888sport is on our list of Skrill bookmakers.
For Skrill deposits there’s a minimum of 10 GBP (10 EUR / 10 USD) at 888sport. Deposits are instant, but there’s between 2-3 working days to receive your withdrawal request. Finally, it’s worth noting that deposits and withdrawals from 888sport using Skrill are free.
Our third best operator for Skrill bookmakers is Bwin. This bookmaker began life in 1997 and has been one of the best ever since. Currently rated at 84% and placing 5th on the betting.org list of top bookmakers, you can be sure it’s a safe and reliable online bookie. It’s also a bookie with an extensive betting market selection. Here you’ll find great odds, with a particularly great range found on football markets.
When you’re using Skrill with Bwin, verification may be necessary on your first deposit and/or first withdrawal. This can take up to 72 hours. The minimum Skrill deposits are 10 GBP and deposits are instantly credited to your Bwin account. Withdrawals can take up to 48 hours. There’s a 10,000 GBP maximum withdrawal.
Are There Any Charges To Use Skrill?
When you are using Skrill as an e-wallet method to pay online at an online bookmaker that accepts Skrill, it is completely free from fees. However, you are required by Skrill to either login or make at least one financial transaction every 12 months. If you don’t do that, Skrill will charge you a hefty 3.00 EUR (or currency equivalent) per month. So it’s well worth putting an alarm in your calendar to do this when you’re using Skrill for your betting!
When you’re using Skrill to fund your betting, it’s unlikely you’ll be using Skrill’s currency conversion. However, if you do have reason to fund in a different currency, you should be aware that there is a 3.99% fee for currency conversion transactions.
At the present time Skrill is offering a special promotion. The deal includes 0% fee until the end of July 2018 for uploading funds to your Skrill account using one of the many popular methods they offer. These include instant bank transfer, VISA debit and credit cards, American Express, and Diners Club. Hopefully, Skrill will continue this 0% deposit fee promotion past July 2018. Withdrawing from Skrill has a 7.50% fee for using VISA and £4.76 (5.50 EUR) fee for instant bank transfers and SWIFT.
What Are The Advantages Of Skrill?
#1: One of the major advantages when you choose to use Skrill for your preferred betting payment method is that it is a convenient, simple and fast system. There is no need to add all of your banking details to every single new bookmaker you hear about and perhaps want to try out.
The entire registration and setup process for Skrill takes just a couple of minutes of your time. Once it is all done, it is just a matter of entering your email and Skrill password at any new bookmakers that accept Skrill.
#2: Having a separate account that holds all of your betting money with Skrill’s e-wallet is a real advantage. This should help you to control your online betting funds and how much you spend with your preferred bookmakers. After all, you should always only bet with money that you can afford to lose! As someone once said, if it was a sure fire way of making money, it would be called winning, not gambling! The convenience of using Skrill’s e-wallet allows you to have a completely separate betting account. This ensures you can make absolutely sure you do not go wild at the bookies and put yourself into financial difficulties.
#3: The final advantage to using Skrill as your preferred means of betting payment has to be the security provided by Skrill’s e-wallet. Your financial Security at Skrill is totally ensured through encryption to the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1). There are also two additional layers of security offered by Skrill: the ability to activate PIN access to your Skrill account, and the optional Google Authenticator 2-factor verification.
Conclusion: Skrill is a super convenient, incredibly fast, wonderfully easy method of creating a separate betting account that is totally secure. What more could you want?
What Are The Disadvantages Of Skrill?
#1 – The biggest disadvantage we found is that Skrill isn’t universally accepted as a payment method, which can be a real problem. Although there are many bookmakers that do accept Skrill, you certainly shouldn’t take it for granted and should always check! There’s nothing worse than wanting to put a last minute bet on and discovering your chosen bookie isn’t one of the betting sites that accept Skrill. For example, the number one online bookmaker at the betting.org best bookie list is Betway. Although they do everything else really well, you’re going to be very disappointed if you’re looking for Skrill betting!
#2 – Certain online bookmakers do not allow Skrill to be used if you want to take advantage of their bonus offers. For example, William Hill might be one of the best known online bookies around. And, unlike many others, they accept Skrill. However, if you’re looking to take advantage of their bet £10, get £30 in extra bets welcome offer, you’re going to be out of luck when it comes to Skrill betting. So always look into any promotion or bonus terms and conditions to check that you’re eligible for the deal when depositing with Skrill.
#3 – A final disadvantage for your Skrill betting was an issue we discovered when investigating Skrill bookmakers. Oddly, it’s something that you simply wouldn’t expect to be an issue in this modern world of betting. Certain bookmakers that accept Skrill for depositing and withdrawing your funds using their main desktop site will not allow you to use Skrill as a payment method with their mobile app. The biggest example of this we could find was the betting.org second rated bookmaker, Paddy Power. It seems quite rare, but again, it’s something well worth checking on if you love mobile betting.
Skrill betting is a great betting payment method, but as shown, it’s worth checking that it’s going to be a method you can use fully!
Full Test — Our Experience Using Skrill On 138.com
Setting up to use Skrill on 138.com is simplicity itself. Obviously the first thing to do is set up your Skrill account. All you need to do is enter your personal details, pick a username and password, and verify your account. Once that’s set up, you can add funds to your Skrill account using the choice we mentioned above. Setting up your account at 138.com is just as easy. Again, you add personal details, and the email address has to be the same as the one used to set up your Skrill account. With that done, you’re able to get going with your Skrill betting.
To deposit funds using Skrill, just click on deposit at the top left, select Skrill as your method, enter the deposit amount (20 GBP minimum) and agree to the terms and conditions. From here you’re taken to a Skrill page where you enter your Skrill email and password to authorise the deposit. That’s it!
Withdrawing funds with Skrill at 138.com is just as easy. Your first withdrawal is subject to verification by 138.com. This involves uploading scans or pictures of your ID documents: valid photographic ID (passport, driver’s licence or national ID card), credit cards/debit cards, proof of billing address. This verification process took a couple of days for us, but can take up to 72 hours. Once we were verified, our withdrawal took just two days to complete, but it can be between 24 and 72 hours.
Overall, the total process, from registering with Skrill to placing first bets, took less than 10 minutes. We can definitely say that depositing and withdrawing using Skrill at 138.com is a great experience.
Is Depositing With Skrill Safe?
As far as depositing is concerned, we think it’s a very safe system. The big advantage for your online safety with Skrill is that you never share financial details with bookmakers, just your Skrill email address and password. Your financial details are held and encrypted by Skrill under the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1). Furthermore, Skrill was the first licensed e-money issuer in the UK and is authorized by the Financial Conduct Authority (FCA). As an additional level of security Skrill offers PIN setup and two-factor authentication to keep you even safer.
What Are The Alternatives To Skrill?
There are several alternatives to Skrill that you could choose for deposits and withdrawals at your preferred online bookmaker. Which alternative payment method you might use really does depend on the available payment methods the chosen bookmaker accepts, and your personal preference.
One method that is almost universally accepted at all major (and minor!) bookmakers has to be using either a VISA or MasterCard debit card. Using a VISA or MasterCard debit card is a smart alternative to Skrill. There are usually no fees for this payment method with any legit bookie, and deposit and withdrawals are very quick and easy.
Another alternative, if you don’t want to use your bank details and prefer to use an e-wallet method for your sports betting, would be to switch to PayPal. It’s the most recognised e-wallet method available, usually attracts no fees with the best online bookmakers, and is really simple to use.