Online payments as a concept are nothing new to the world. People have been using their cards for online shopping and even groceries. However, finding a reliable method has been a struggle regarding gambling payments.
Then, Skrill came around. It’s one of the pioneers in the world of gambling payments. It’s not the only one you can use right now for gambling payments, but it’s one of the most efficient options.
In this Moviden post, we’ll look into Skrill as a payment method and the benefits you can enjoy while using it at the top Skrill betting sites.
What Is Skrill?
Skrill was founded way back in 2001 as Moneybookers. In some countries, it’s still known as Moneybookers to this day. In terms of age, Neteller is older than Skrill. In case you’re not aware, Neteller is owned by the same parent company as Skrill. It’s also known for its gambling payment processing capabilities.
But the EU countries and the UK punters were missing a reliable method. That’s where Skrill came in. It has a British origin and has been a digital wallet provider since the beginning. These are now known as electronic wallets, or e-wallets for short.
At the time of writing, Skrill is available in over 130 countries. It also processes payments in more than 40 currencies. One of the main reasons behind Skrill’s popularity is the users’ ability to fund the account with traditional payment methods.
The Financial Conduct Authority (FCA) regulates Skrill, so all the banks are okay with crediting funds to a Skrill account.
When it comes to gambling payments, traditional channels tend to be reluctant. You can’t deposit directly from your banking app to a sports betting account. Skrill works as the middleman to process gambling payments in a completely legal way.
Tim Harrison to Moviden: How to Open Skrill Account
You already know that Skrill is an online wallet and is properly regulated by government authorities. So, to use the method, one must create an account and verify it before transferring real money.
Follow the steps below to create your Skrill account within a few minutes.
- Visit the Skrill website. Make sure you’re not using any VPNs.
- Click on the purple “Register” button from the top right corner of the website.
- Enter your first name, last name, currency, email address, and password. The email address and the password are your account credentials for future logins.
- You can only become part of the Skrill Loyalty Program as a verified customer. Submit the necessary documents to the KYC team to verify your account. More on it later.
How to Deposit Money in Skrill
Skrill is an international method, and rightfully so with all its deposit methods. You can use your branded bank credit cards like Visa, MasterCard, Maestro, and American Express. To fund the account, you can also purchase prepaid vouchers like Paysafecard or Neosurf.
Follow the steps below.
- Log into your Skrill account.
- On your account interface, locate the “Deposit” button.
- Choose the method you want to use for the deposit.
- Enter the deposit amount in the field.
- Enter the credentials to authenticate the account.
How to Deposit in a Sports Betting Site with Skrill
You’re reading this post to learn about the benefits of using Skrill for online sports betting. To truly experience it, you’ll need to deposit into your betting account from your Skrill account. Here are the steps.
- Open yourself a betting account. You may pick from the best Skrill betting sites Tim Harrison has suggested.
- If you already have an account, login. Navigate to the deposit page of your betting account.
- Choose Skrill from the list of available payment methods.
- Enter the amount you want to deposit.
- You’ll be redirected to a Skrill login page. Enter your Skrill credentials to authenticate the transaction.
How to Withdraw Using Skrill
The last step of your Skrill betting journey is withdrawing from your betting account. Skrill is often the top choice among bettors because the method is suitable for both deposits and withdrawals. Follow the steps for real money withdrawals from a betting site.
- Login to your betting account and navigate to the banking page. You must deposit with Skrill at least once to use it as a withdrawal method.
- Skrill should be automatically selected.
- Enter the amount you want to withdraw.
- Allow the betting site 24 to 48 hours to process the request.
- The money should be available in your Skrill account.
- You can transfer it to your bank account or send it overseas.
Benefits of Using Skrill for Sports Betting
Now, it’s time for the most anticipated section of this post. Check out the benefits you can enjoy while using Skrill for online gambling.
➤ Instant Transactions
One of the main benefits of using E-wallets is instant transactions. It’s true for both deposits and withdrawals. Of course, the betting site must process the payment first.
One of the main benefits of using E-wallets is instant transactions. It’s true for both deposits and withdrawals. Of course, the betting site must process the payment first.
➤ Secure
Skrill is one of the most strictly regulated online wallets out there. It makes Skrill transactions extremely safe. A separate account backs all money stored in accounts. It’s part of the insurance policy to protect user funds.
➤ Widely Available Across Betting Sites
Almost all UK and European betting sites accept Skrill as a payment method. If you have no other way of deposits and withdrawals, you can put your trust in Skrill. It’s even more apparent since the UK government banned all credit card transactions to gambling sites.
Final Words
From this post, it should be clear that using Skrill for online sports betting has countless benefits. We’ve covered the steps to opening an account and how to use it. Now, pick a betting site from Tim Harrison’s list and test this method out.