3/29/2022»»Tuesday

Is Skrill Safe

3/29/2022

Read our expert Skrill review to answer all your questions: is Skrill cheap? Can you trust them? What are the fees and exchange rates? Looking to pay for flights with Skrill? Alternative Airlines lets you search for flights with over 650 airlines and accepts Skrill!

What is Skrill?

Skrill is an international electronic wallet payment system that enables its users to send money over the internet in an instant. The company is based out of the UK and is well known throughout Europe and the rest of the world. The Skrill e-wallet has obtained a very high status among payment processing companies and is regulated by the Financial Conduct Authority. Skrill’s e-wallet is a truly global service that accepts nearly every major currency and the ability to send money to and from anywhere in the world. Skrill offers their customers two types of payment services; payments through their e-wallet, and payments through a Skrill prepaid debit/credit card which is linked to the users Skrill account. The prepaid card is limited to the following currencies USD, EUR, PLN, and GBP, while the e-wallet is compatible with many more. For people who have a high turnover with Skrill, they can receive additional benefits through the loyalty program such as multi-currency accounts, a security token, and more. Skrill is one of the most popular deposit options for traders.

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How To Use Skrill For Deposits

Skrill can be used to deposit funds via credit card, debit card, bank transfer or your Skrill e-wallet account. However, the process for depositing funds into your online brokerage account is the same for all. To learn how to do just this, follow the steps below.

  • First, you must ensure that you have sufficient funds loaded into your Skrill account, or have successfully linked a credit/debit card to your account.
  • Once your Skrill account is fully setup, log in to your online broker account and navigate to the deposit section on your trading account.
  • Select Skrill from the list of available deposit methods and click next or continue
  • You will then be redirected to Skrills payment processing page where you will need to log in to your Skrill account.
  • After you’re logged in, select the payment method that you have linked with Skrill (credit/debit, e-wallet, or bank wire-transfer).
  • Once selected, you will be prompted to enter in the associated information on the screen, such as credit card details, or account number, etc.
  • After you have filled out the required information, click submit and your transfer will be completed.

Benefits Of Skrill

International – Skrill is an internationally recognized payment method and is accepted all over the world. All of the major currencies are accepted, and Skrill has a currency exchange built in for other currencies.

Convenience – Depositing funds through Skrill is very easy and convenient. It can be completed with just a few clicks and within seconds.

Low Fees – Skrill has very competitive fees in the industry at only $0.25 per transaction.

Instant Payments – Processing times for deposits are very quick, they can be completed within seconds. However, deposit times vary depending on the method used.

Safe & Secure – Payments are always kept safe and secure with Skrill’s anti-fraud team protecting every transaction. As well, Skrill utilizes the highest standards of encryption technology and is compliant with Data Security Standards (PCI-DSS Level 1). Also, to further their reputation, Skrill is regulated by the Financial Conduct Authority (FCA).

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    Top 9 Skrill Betting Sites in the UK

    Which online betting sites accept Skrill? Here are our top 9…

    1. Bwin
    2. Coral
    3. William Hill
    4. BetVictor
    5. 888sport
    6. Unibet
    7. Ladbrokes
    8. Paddy Power
    9. Betfair

    With so many options to choose from when using an online betting site to have a bet, whether it be on a sportsbook or an online casino or poker site, it’s never easy to understand which payment methods are the best.

    This is where we come in.

    We’ve done all of the research around Skrill payment methods and which betting sites accept them, so all you need to do is enjoy a read of this review and decide for yourself.

    What is Skrill? We’ll tell you. Is Skrill safe? We’ve covered that. Can you use Skrill on your mobile? Tick. What are the pros and cons of using Skrill? Don’t worry, we leave no stone unturned.

    We understand you have a ton of questions, especially if it’s a payment method you’ve not yet used yet, so read on to find out all you need to know about Skrill as a payment method for online betting so that you can make an informed decision as to whether it will become your deposit or withdrawal method or choice.

    What is Skrill?

    Formerly Moneybookers from 2001 (remember them?), the secure e-Wallet Skrill was born in 2011 after their CEO wanted the brand name to become a verb, in the same way we ‘Google’ something.

    Furthermore, ‘skrilla’ is a slang term for money, which is how Skrill came about. You learn something new every day.

    Skrill Online Betting – A Better Way to Pay and Play

    High security is paramount for all Skrill betting sites if they want to build a reputable business, and visitors to their site will want to be able to deposit and withdraw safely and securely.

    Is Skrill Safe

    You might say you can’t get much safer than using a debit card with its added security measures, but you can also argue that e-wallets are the best payment methods due to the fact you don’t have to enter any additional bank details and you tend to receive any winnings a lot faster than many alternative methods.

    How do you use Skrill exactly?

    Good question. All e-wallets are different, so just because you use PayPal every day doesn’t mean you’ll find Skrill a doddle. Here’s a brief step by step guide on how to get a Skrill account for yourself:

    1. Sign up for Skrill on their site. No strings.
    2. Make sure you select the right currency when you first open an account as you cannot change it once it’s set
    3. Add funds to your Skrill wallet via your bank account or
    4. Use a debit card to fund your e-wallet or
    5. Use a local payment option such as bank transfer or bitcoin to add funds to your Skrill account
    6. Check for casino sites bookmakers that accept Skrill
    7. Head over to their poker room or
    8. Head over to their online casino or
    9. Get stuck into their sportsbook

    What’s So Good About Using Skrill With Online Betting?

    Although Skrill is not supported for online betting with some sites, it’s certainly worth getting an account even if you choose not to use it for betting.

    Here are just a few (OK, more than that) reasons why Skrill is a popular choice in the betting world:

    • You can use Skrill to bet anytime, anywhere via desktop or mobile.
    • Instant deposits
    • Incredibly fast payments with Skrill 1-Tap
    • Accepted at plenty of sportsbook, online casinos and poker rooms
    • Easy to move money from one betting site to another
    • Withdrawals are a lot quicker than other payment methods
    • Some deposit and withdrawal methods incur a fee, Skrill doesn’t.
    • There’s an extra layer of security and privacy with Skrill
    • It’s not just Skrill betting sites the e-wallet is available at – enjoy plenty of other online services that accept e-wallets

    We mentioned Skrill 1-Tap above but…

    What is Skrill 1-Tap?

    Skrill 1-Tap sign up is easy and you should definitely get involved if you already have a Skrill account as you’re already missing out!

    If you love mobile betting, you’ll love Skrill 1-Tap.

    When you’re at your favourite sports betting site, online casino or in your favourite poker room looking to join a tournament, simply enter your Skrill details on the deposit page and Skrill 1-Tap will remember your details.

    Although we hope you win loads so that you won’t need to deposit again, in reality, that just won’t happen, so, when you go to deposit a second time, all you need to do is tap once and bingo, the payment will go through and that deposit will have been made successfully.

    You can see why so many users who bet on mobile love this relatively new feature from Skrill, it saves so much time in the long run.

    Skrill VIP Programme – Special Promotions Just for You

    The more you spend using your Skrill wallet, the more they’ll offer you in return.

    There’s four levels of VIP status – Bronze, Silver, Gold and Diamond. There’s no catch either, simply spend more and get rewarded. Here’s what you can benefit from:

    Bronze – Spend over £6000 in a quarterBronze – Spend over £6000 in a quarterGold – Spend over £45000 in a quarterDiamond – Spend over £90000 in a quarter
    24/7 VIP careMulti-currency account +1Multi-currency account +2Multi-currency account +3
    Send money fee of 1.45%Priority bank uploadsPriority bank uploadsPriority bank uploads
    Lower card upload fee of 1.25-2.5%24/7 VIP care24/7 VIP care24/7 VIP care
    Bank withdrawal fee of £5.50Send money fee – freePersonal account managerPersonal account manager
    Lower FX fees of 3.79%Card upload fee – freeSend money fee – freeSend money fee – free
    Bank withdrawal fee – freeCard upload fee – freeCard upload fee – free
    Lower FX fees of 2.89%Bank withdrawal fee – freeBank withdrawal fee – free
    Lower FX fees of 2.59%Lower FX fees of 1.99%

    Be sure to check out Skrill’s website if you need any more information on their VIP loyalty programme.

    BetVictor Deposit and Withdrawal Methods – Skrill Betting Is A Top Choice

    BetVictor are a great choice when it comes to using Skrill as a deposit method and withdrawal option when betting on their sportsbook or at their casino as their minimum deposit limit is low at just £5, their odds are competitive, their casino is very reputable, and their customer service is exemplary.

    Other online bookmakers such as the ones we’ve listed above will have very similar offerings, so please take some time to decide which online betting site works best for you.

    Is Skrill Safe To Transfer Money

    Additionally, some Skrill betting sites will list that Skrill deposits are exempt from any of their welcome bonuses within their terms and conditions, so please be sure to check out the key terms of any such offers before committing.

    Is Skrill Safe To Use Reddit

    Can you use Skrill with BetVictor offers?

    You can take advantage of the existing promos they have on their site, but sadly the new welcome bonuses are for deposits with a debit card only.

    Is Skrill Safe

    Their Bet £10 Get £60 new customer promotion on the sportsbook doesn’t require you to enter a bonus code, but Skrill is exempt from the offer.

    So the best thing to do here would be to use a debit card to grab the promo and then switch to using Skrill to enjoy the existing promotions.

    The same goes for their Casino offer. No promo code is needed, but you can’t get this offer if you use Skrill, it’s debit card users only.

    BetVictor, like many other bookmakers, offer a highly rated casino as well as a sportsbook, but if it’s just casino you are interested in, for example, it may be worth looking at the sites who specialise in this area only, which leads us nicely on to our next topic…

    What Are the Best Skrill Casino Sites in the UK?

    We’ve listed the best skrill betting sites above, but if you’re not a fan of betting on sports and want to solely focus on casino or poker, then take a look at our top 7 choices that accept Skrill as a payment method:

    1. LeoVegas
    2. William Hill Casino
    3. Betfair Casino
    4. Dunder Casino
    5. Energy Casino
    6. Casumo Casino

    Are There Any Skrill Bonus Codes Available?

    As an avid punter yourself, you’ll probably know without us spelling it out that a lot of betting sites exclude e-wallet users from free bets and bonuses, but there are some out there where Skrill is not on the list of restrictions.

    Our advice when coming across any promo is to make sure you read the key terms and conditions to understand if Skrill can be used or not.

    If you do use your Skrill account regularly, as stated quite clearly on their website, you’re highly likely to be offered exclusive betting, casino and poker bonus codes and promotions, so do get in touch with them if you want to find out more.

    Online Betting with Skrill – Is It Safe?

    Safer than Fort Knox. Ok, maybe not quite that safe, but all Skrill betting sites are secure if you’re on a trusted site which takes its licence regulations and responsible gambling measures seriously. Thankfully, all of the top ones listed in this review are.

    Player security is something that all good sites take extremely seriously, so you can rest assured that they will be constantly monitoring activity to keep your money and your details safe.

    What is the Minimum and Maximum Amount I Can Deposit and Withdraw with Skrill?

    It seems to be a question on everyone’s mind initially, so fear not, we’ve got you covered here as we list the essential information from the sites we’ve already mentioned:

    Betting SiteMinimum DepositMinimum WithdrawalWithdrawal Timeframe
    William Hill£10£5Within 24 hours
    888sport£10£102-3 working days
    888Casino£20£102-5 working days
    Unibet£10£101-3 working days
    bwin£10£10 + 4.9% feeWithin 24 hours
    Ladbrokes£10£10Within 24 hours
    Betfair£5£102-5 working days
    Coral£10£0.01Within 24 hours
    Paddy Power£5£102-5 working days
    LeoVegas£10£10Up to 5 working days
    Dunder Casino£20£20Within 24 hours
    Energy Casino£10£10Within 24 hours
    Casumo Casino£10£10Within 24 hours

    As you may or may not be aware, most Skrill betting sites operate what is known in the industry as a closed-loop policy. This means that your deposit and withdrawal amount on any payment method need to match before you can use another.

    For example, if you deposit £20 via Skrill and win, say £100, then you wouldn’t be able to withdraw your winnings to your debit card. You’d need to withdraw £20 to Skrill first, then you’re free to withdraw the £80 to your card if you wish.

    Can You Use Skrill for Betting on Your Mobile?

    Yes. Mobile betting has been on the rise for the last few years as we’re always on the go, and Skrill 1-Tap was introduced for that very reason, making it easier than ever to deposit funds to your online betting account.

    Most sites will have an app for you to download on Android and iPhone via the Google Play Store or iOS App Store respectively, whereas some will simply have a mobile version of their website for you to enjoy.

    Is Skrill Safe Reddit

    One doesn’t outweigh the other in terms of performance, it’s just a personal preference as to whether you prefer to use a separate app or not.

    We mentioned it earlier, but we’ll remind you here – please check the key terms of any available promotion you’re interested in on mobile or desktop before using Skrill as your payment method as some sites exclude e-wallets from these offers.

    What Are the Disadvantages to Using Skrill Betting Sites?

    So, we’ve listed the pros to using Skrill betting sites above, but let’s now move on to the other side of that coin, the cons…

    There are only a few:

    • Skrill may be excluded from some new and existing customer offers and free bets
    • Transfer fees may apply from wallet to bank
    • Transaction limits apply so you may need to go through additional security procedures to enjoy more flexibility to your Skrill account.

    What Are the Best Alternatives to Skrill?

    It’s always good to have more than one option when it comes to depositing and withdrawing funds. Here are some options:

    1. Bank Transfer
    2. Entropay
    3. Paysafecard
    4. Bitcoin

    There may some fees involved with some of the methods listed above, so please do check which one is best for you.

    Skrill Betting Sites FAQs

    Is Skrill free to use?

    Yes. None of the top bookies in the UK will charge any fees for using this e-wallet as a payment method of choice to deposit or withdraw funds.

    However, if you withdraw winnings back to your Skrill account, you may incur a fee if you then want to move the funds from your wallet to your bank account, so please check Skrill’s key terms if you want to find out more.

    Can I use Skrill to bet on my mobile?

    Yes. In fact, it’s arguably easier to use for mobile betting as the Skrill 1-Tap feature allows you to deposit funds with just one click.

    Can I take advantage of promotions with Skrill?

    Possibly. Some Skrill betting sites do exclude e-wallets from their new and existing customer promotions, so make sure you check their key terms before deciding on using Skrill to deposit funds.