E-wallets are a popular banking method in the online gambling world, especially Skirll. The banking option allows you to deposit and withdraw from your online casino or sports betting account without sharing your personal details.
Of all the e-wallets used for gambling online, Skrill is considered one of the best options. It is a widely-accepted online payment method and provides favorable processing speeds. One of the downsides is that it is not available in all countries for gambling.
If you want to learn more about Skrill and how to use it to fund your gambling account, read on.
Formerly known as Moneybookers, Skrill launched its e-wallet service in 2001. The wallet allows users to make payments on the internet quickly and at low-costs, making it suitable for any payment.
Compared to industry leader PayPal, Skrill took some time to start raking in revenues, but it slowly saw steady gains. In 2011, the service was accepted by more than 120 000 merchants, and this number has grown since then.
The e-wallet saw massive gains when it became the only sanctioned e-wallet for internet gambling in New Jersey. They saw further popularity when they introduced a service that allowed users to purchase cryptocurrency with their Skrill accounts.
Nowadays, you can use Skrill to pay for almost anything. This includes funding your casino or sports betting account.
Skrill Casino Deposit: How to Make a Deposit
Depositing with Skrill at a casino or betting site is painless. Just follow the steps below, and you will be good to begin wagering in no time:
Register for a Skrill account.
Once you have created an account at the e-wallet service provider, you need to use your credit or debit card to fund your wallet.
After you have funded your wallet, find a secure gambling site, and create an account.
Select the Skrill icon and input the amount of money you wish to deposit in your gambling account.
Fill in the correct information, then confirm the transaction.
The deposit will reflect instantly, and now you are ready to bet.
Skrill Betting Sites: How to Cashout
If you prefer to use Skrill as your primary banking method for your gambling account, you are in for a treat. Not only are withdrawals easy to complete, but they are also processed very quickly, meaning you get your money fast.
To complete a withdrawal with Skrill at a gambling site, follow the steps below:
Sign in to your gambling account.
Head to the cashier section and select withdraw.
Select the Skrill option.
Input the amount you want to withdraw from your account. (Make sure it meets the minimum withdrawal requirement.)
The casino or online sportsbook staff will now have to process the request. Usually, this takes about three days but no longer than seven.
As soon as the transaction has been processed, you will receive your money.
Benefits of Using Skrill for Gambling
Here is why you should use Skrill as a deposit method at online gambling sites:
It is a widely-used payment option accepted in over 200 countries worldwide.
It is safe to use and puts an extra layer of security between you and the betting site. You don’t have to share your bank account details.
Deposits reflect instantly. With withdrawals, you only need to wait for the casino to process the cashout request.
Customer service is readily available 24/7 should your transaction not make it to where it needs to be.
In some countries, Skrill cannot be used to make deposits into gambling accounts, such as the United States. If you try to cheat the system and state that the funds are not for gambling but then try to make a gambling transaction, your payment will still not go through.
If you previously stated that your funds were for non-gambling purposes when depositing into your Skrill account, you will need to make a withdrawal and deposit it again to change its purpose to gambling.
Yes, it is. Regarding using it to fund your gambling account, it puts an extra layer of security between you and the site. You do not share your credit card details with the casino; you share them with Skrill.
Both Neteller and Skrill offer the same services. In fact, both e-wallets are even owned by the same company. Neteller is more associated with gambling, so more sites offer it as a banking option. This is the only real benefit of using Neteller over Skrill.