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The Benefits and Drawbacks of Using Skrill
The fact that Skrill is accepted at so many different online gambling sites is the biggest benefit to opening a Skrill account. After all, do you really want to open an account with a payment method, only to find that you can’t use it to deposit and withdraw at most other online gambling sites? When you use Skrill, you will also find that you are strongly protected by their many different security features, which include the highest standards of encryption (PCI-DSS Level 1), and the guarantee that they’ll never share your banking details with anyone else, including the online gambling site you play at.
The fees at Skrill could be classed as a benefit or a drawback. This is because they are higher than those found when using a credit/debit card, but slightly lower than their main competitor’s, Neteller. Other than the fees, there’s not anything to even be remotely critical of when it comes to Skrill, which is why so many people use it at online casinos, sportsbooks and poker sites each and every day.
Huge numbers of people trust this company to make and receive payments every day, and many of these people use Skrill at online gambling sites.
Using Skrill to Deposit and Withdraw
As with most other payment methods, you will need to create an account with Skrill before you can use it. There’s no need to worry about this though, as the whole process takes a matter of minutes, and you are guaranteed to be accepted. What’s more, creating a Skrill account is completely free! You can then add money to this account using a credit/debit card, or a range of other options. Once you have money in your Skrill account, it can then be spent at any online gambling site accepting this payment method – which is most of them!
Skrill can also be used for withdrawals. In fact, if you deposited using Skrill, an online gambling site will probably make you also withdraw using the same method, so as to protect against money laundering. To withdraw, simply head to your chosen online gambling site’s banking section and follow the on-screen instructions. Like most methods, Skrill withdrawals usually take a couple of days for the online gambling site to process, although there are now some sites that offer instant withdrawals to those requesting a payout using Skrill.
Find the Best Skrill Online Gambling Site
With so many different sites accepting Skrill as a form of payment, how are you supposed to know the best one to play at? The answer to this question is a simple one: just look through the many different reviews of Skrill online gambling sites on this site, and then choose the one that you like the best. All of our reviews are completely honest and are written by expert online gamblers, and they all contain information on important factors like bonuses, games and security.
Skrill really is a payment method with so many different advantages, which is why it has become so popular with those who enjoy gambling online. From the high security levels, through to the more than reasonable fees, Skrill is a great choice for most. So, why not find a fantastic Skrill online gambling site and start playing for real money today?
Frequently Asked Questions
What is Skrill?
Skrill is one of the most popular e-wallets in the world. An e-wallet is a service that allows you to store money in a virtual wallet, and this money can then be spent at a wide variety of different sites, including many online gambling sites. Skrill can also be used to receive withdrawals from online gambling sites.
How does it work?
Skrill is really easy to use, and it starts with you opening a free Skrill account – a process that takes hardly any time at all. You can then fund this Skrill account using a credit/debit card, or many other methods. To spend the money, simply head to the banking section at your online gambling site, and use the Skrill option.
Do they allow online gambling transactions?
Yes, they certainly do allow online gambling transactions – if they didn’t, this payment method wouldn’t be offered at so many different online casinos, sportsbooks and poker sites. There are a few countries in the world where Skrill can’t be used at online gambling sites though, so check the terms and conditions before you sign up with them.
How quick are payments?
Deposits to online gambling sites made using Skrill are instant, as they are for the vast majority of other payment methods available. This means that you won’t have to wait to play the many different games on offer. It usually takes an online gambling site around two days to process a withdrawal request, however some now offer instant withdrawals to Skrill users.
How do they compare with other methods?
Skrill’s main competitor is Neteller, and they are both equal when it comes to the speed of transactions and the level of security offered to users, as well as the ease-of-use. The fees at Skrill are slightly lower though. Skrill fees are higher than you’d pay when using a credit/debit card though.
Do I have to pay fees?
Yes, you will have to pay some fees when using Skrill. The main one to know about is the fee for withdrawing money from a Skrill account, which varies from €3.95 through to €5.50. There is no fee when uploading funds to the site using a bank transfer, however there are fees for other methods. It is completely free to spend any money in your Skrill account.
Is it safe to use?
Yes, Skrill is incredibly safe to use. This is mainly because your banking details will never be shared with any other site, including the online gambling site you’re playing at, which means that they can’t be stolen during a transaction. They also use the highest level of encryption to protect their players, and offer two-factor authentication.