Today, we will write about the global payment method that is popular, and one of the most used payment methods among sports bettors, the popularity of Skrill (formerly known as Moneybookers) is enormous due to high convenience and availability.
The great thing about online sports betting is the fact that reputable sportsbooks give their customers a wide range of possibilities when it comes to payment methods.
But the thing is, sometimes it can be rather hard to choose the perfect payment method among all of those methods.
Also, bettors from the USA and Canada have other problems. As most of the payment methods offered by the sportsbooks are forbidden to use for gambling.
So, if you want to join some of the best Skrill sportsbooks in the world… You should continue to read our detailed Skrill guide! And find out why so many bettors prefer using Skrill for their sports betting adventure.
About Skrill Company
Skrill was primarily designed as an online service, mainly used to store and transfer money to online sportsbooks, poker rooms, and gambling sites. They were called Moneybookers back then, and since 2013 they operate under the name Skrill.
Currently, in addition to electronic banknotes, they also offer money transfer (send and receive) services. Plus they give the possibility to their customers of ordering debit payment cards.
The main advantage of Skrill over its competitors is the ability to pay for a large number of services and suppliers through the Internet. Due to the fact that many Internet stores have chosen Skrill to cooperate with them. Unlike another popular e-wallet, PayPal, Skrill still allows users to make deposits and receive payouts from many sportsbooks and casinos.
It certainly does not mean that doing business through Skrill is not secure. On the contrary, this company has high standards as far as users and personal data are concerned.
How to Open a Skrill Account?
Opening a new account at Skrill isn’t complicated, but verification of the new account can be a bit tricky. To register a new account, you simply need to visit the Skrill landing page and to choose the “Register” option.
After that, you will be redirected to a new window, where you will need to provide your personal details. (name, residential address, email address) and choose your preferred password.
After you submit your personal details, your account is created, but you will need to verify it. The verification process is crucial as only a fully verified account can enjoy all the Skrill services without any restrictions (daily limits, transaction limits, etc.). To fully complete the verification process, you will need to send the Skrill customer service the following copies of documents:
- Both sides of your personal ID card or passport
- A selfie of your face
- A recent utility bill or a bank statement that will show your full name and address. This bill or statement must be not older than 90 days.
After you finish the registration and verification process, you will be able to fund your money into your Skrill account and start your sports betting journey with this deposit method.
Making Deposits and Withdrawals with Skrill
Once when you fund your Skrill account with money, you can choose one of the recommended Skrill sportsbooks that accept this deposit method. After registration process, you should proceed to the bookies’ cashier to choose a preferred deposit method.
Funding your sportsbook account with Skrill is straightforward and fast. All you need to do is to insert the email registered at Skrill and sum you would like to deposit. The withdrawal procedure is the same as the deposit procedure.
Deposits made via Skrill will be instantly processed, and withdrawal timeframes depend on the preferred sportsbook of your choice. Sometimes cashing out may take up to 48 hours with pending period included. But most times, these transactions are completed within 12 to 24 hours.
Advantages and Disadvantages of Using Skrill as Payment Method
Using Skrill as a preferred payment pethood has a lot of benefits. Some of them are:
- Skrill is easy to use – customers just need to sign up on the web, and they can purchase many goods and services by using this excellent e-wallet. You don’t need to be a rocket scientist to use Skrill, as usually, you need to insert your email and sum, and your transaction is processed.
- Security is top-notch – Skrill provides a high level of protection for their customers, and all the personal and financial data is protected.
- Fast transaction times – we already mentioned that transaction times are fast and that every deposit is processed in a matter of seconds. Withdrawals are also quick, and most of your withdrawal request is finished within 72 hours.
If you prefer a fast and secure payment method, then you should, without any question, use Skrill e-wallet. Your personal and financial data will be protected, and Skrill offers its customers a wide range of quality features. They have an excellent mobile application, and on top of that, their customer service is professional and responsive.
Absolutely. Our team of experts tests every single sportsbook, and when they determine that some sportsbook is good enough, we put them on our list of recommended sportsbooks for US players. As long as you play in one of those sportsbooks from our list, all deposits via Skrill or any other deposit method are completely safe and secure.
E-wallets are generally the fastest payment method when it comes to the gambling industry. Deposits are instant, and withdrawals are processed fast. The sportsbooks usually process the withdrawal request in a day or two, and after that it usually takes between 24 to 72 hours for bettors to receive their funds.
Bitcoin is very safe banking option, as storing BTC is rather complicated and potential fraudster needs to have a complex set of information to access your funds. That’s why BTC, as a deposit method, is considered one of the safest methods today.