What is Skrill?
Skrill is a digital wallet, also known as an eWallet, similar to services like PayPal. It’s one of the most popular eWallet services, and it’s specifically designed for betting on sports. You can use it to quickly send payments online, make purchases, or add funds to your betting account.
The main advantage of this service is that it’s incredibly fast, with deposits and withdrawals processed instantly. In addition, it’s easy to use and highly secure. Because of the advantages that Skrill offers and the fact that it’s tailored towards sports betting, more sportsbooks are starting to accept it.
How Does Skrill Work?
Like any eWallet service, you need to open an account first. Thankfully, this process is really easy, and registering won’t take more than a few minutes. Once you set it up, it works just like a bank account. You add funds and can then manage your money, send and receive payments, and view your statements.
You can use your Skrill account to make deposits at all the most popular sportsbooks. All you have to do is follow these steps:
- Set up your Skrill account and log into your sportsbooks
- Choose the Skrill option from the payment methods
- Enter your email and log into your Skrill account
- Confirm the payment
Skrill accepts payments too, which means you can also receive money from your betting account. To request a withdrawal, you follow the same process, with the funds sent directly to your eWallet. Once your money arrives, you can spend it however you like.
The Advantages of Using Skrill for Betting
Skrill is extremely popular in Europe, where online gambling has been available for decades. Now, online sports betting is legal in the US, and many people are using it for fast and secure sportsbook deposits and withdrawals. It offers a lot of benefits over traditional payment methods, including:
Very Fast Payments
The biggest advantage that Skrill offers is that it’s extremely fast. While other payment options normally support instant deposits, withdrawals can take days to clear. This can be very frustrating when you need your money quickly.
When you make a deposit using this service, the money arrives instantly. In addition, you usually only have to wait a few minutes for your withdrawals to reach your eWallet once the sportsbook has approved them. Naturally, this is a big plus and means many bettors switch to using this eWallet when they realize how quick it is.
Highly Secure
Aside from being quick, Skrill payments are also highly secure. This is, of course, an extremely important factor to consider when choosing a payment method. You need to select a safe option. Otherwise, your hard-earned money could be at risk. For traditional payment methods, you need to enter bank details to complete a deposit.
In this case, there’s no need to give any sensitive banking information to your sportsbook. Instead, you simply log into your account and approve the transaction. This cuts down the number of places that will have access to your bank details, helping to keep you safe from fraud.
Convenient and Easy to Use
Convenience is another thing you should be looking for when choosing an online payment method. It’s normal to want a service that’s easy to use and to avoid those that are unnecessarily complicated. That way, you have more time to bet and enjoy your favorite sports.
Skrill is a very convenient service. For one, creating an account isn’t a difficult process, and it only needs to be done once. After setting it up, you can easily make deposits without memorizing bank details or complicated PINs. Simply log in and confirm the payment.
Designed for Sports Betting
Something that you shouldn’t overlook is the fact that it's tailored towards sports betting. While other eWallet services, such as PayPal, offer many of the same advantages, they’re used for general payments. The people behind Skrill saw a gap in the market for a sports betting payment service.
When you use this payment method, you can be sure that all your payments and withdrawals to sportsbooks will go through without any issues or blocks. Not only that, but the Skrill App has a feature called Sports Corner. This offers the latest news, live stats, and betting tips for major sports leagues around the world.
Prepaid Card
For added convenience, you can apply for a prepaid card with too. This will allow you to access the funds in your account anytime. You can use the card to withdraw cash at ATMs or purchase from shops anywhere you go. The only sticking point is that you need to pay $10 for the card application.
Visa supplies the prepaid card, so all vendors should accept it with no issues, provided you have sufficient funds in your account. This makes using Skrill even more convenient, as you don’t even need to request a withdrawal to your bank account.
Drawbacks of Skrill for Betting
While Skrill is an excellent service, it may not be for everyone. There are some drawbacks to consider before signing up and using it for deposits and withdrawals. Here are the main disadvantages of this payment method:
| Disadvantage | Explanation |
| Withdrawal fees apply | When you want to withdraw the funds in your account to your bank, you’ll need to pay a small flat fee of $5.50. Despite this, sending and receiving money using this eWallet is completely free, as is opening your account. |
| Not widely accepted yet | It’s worth noting that while this payment method is extremely popular across Europe, it’s still not as widely accepted in the US at this moment in time. While some online sportsbooks have begun to accept it for deposits and withdrawals, many still don’t. |
Skrill Security
Skrill is highly secure compared to most other payment methods, giving you peace of mind when you use it for deposits and withdrawals. There are a lot of different security features which all work together to ensure your money is safe. Here are the main aspects of security:
No Need to Enter Bank Details
Perhaps the biggest reason why Skrill is safe to use is the fact that you don’t need to enter your bank details when making payments. Instead, you simply transfer money to your account from your bank and then use that money to make deposits and other online payments. Because you’re not always providing your bank details, there’s a much lower chance of this information falling into the wrong hands.
Anti-Fraud Monitoring
Skrill employs a high-tech anti-fraud monitoring system to further protect your money and keep you safe. Whenever you make payments, the system constantly checks to detect suspicious activity. If any unusual activity is flagged, the transactions can be blocked to prevent you from losing your money. If a transaction is wrongfully flagged, it’s easy to contact the fraud team and have it approved.
Account Security
Aside from excellent fraud detection, Skrill keeps your account secure with a number of different features. All of your login details, personal information, and transactions are kept private using Secure Socket Layer technology (SSL) with 128-bit encryption. This is certified by Verisign, so you can trust that your personal information won’t fall into the wrong hands. In addition, your account can be secured with two-factor authentication, making it very difficult for unauthorized people to access it.
Skrill Betting Promos
When you sign up to a sportsbook, be sure to claim your betting promo. All of the sites recommended by us come with bonuses and promos you can claim to help make your betting experience more enjoyable.
Claiming these offers will help you get more value out of your bets. Here are some of the most popular sports betting promos and an explanation of what they offer:
| Bonus Type | Example | Explanation |
| Matched deposit bonus | 100% bonus up to $500 | The site matches our deposit up to a certain value. |
| Risk-free bet | $250 risk-free bet | If your first bet loses, it’s refunded. You get your stake back as bet credits up to a maximum value. |
| Free bet credits | $100 in bet credits/free bets | You can use these bet credits instead of real money, keeping any winnings made. |
| Odds boosts | Odds boosted from +200 to +300 | Odds increase by a percentage or amount to give you a better deal. |
| Loyalty rewards | Earn free bets and cashback for betting | Earn points by placing bets and exchange these points for bonuses. |
Common Skrill Bonus Terms
Before claiming any betting promo using Skrill deposits, you need to read and understand all of the terms and conditions. These promos always come with terms to limit how you use them. Otherwise, the sportsbooks would be losing a lot of money from people who just cash out their promos and leave.
Here are some of the most common bonus terms and an explanation of each:
| Bonus Terms | Example | Explanation |
| Payment method | Payments made using XXX won’t unlock the bonus | Sometimes, the sportsbook will require you to use a specific payment method to trigger the bonus. |
| Wagering requirement/rollover | 5x wagering | You have to wager the bonus a set number of times before withdrawing it and any winnings you make. |
| Minimum deposit | $20 minimum deposit | The minimum amount you must deposit to unlock the bonus. |
| Minimum bet | $10 minimum bet | The minimum amount you must bet to unlock the bonus. |
| Minimum odds | -150 | The minimum odds at which you must bet to unlock the bonus. |
A Guide to Betting with Skrill
Betting with this payment method is extremely easy. The service is very fast and convenient, and it’s designed with sports betting and online gambling in mind. If you’re new to betting, it might still be a bit confusing, but we’ve created this guide just for you based on our research of top Skrill sportsbooks.
How to Get Skrill
Before you can place bets on your favorite sports, you’ll need to create an eWallet account. This is really easy to do. Just follow these steps to set up your digital wallet:
- Open the Skrill website or download the app
- Choose the “Register” option and fill in your details
- You need to provide your full name, address, email address, and currency before creating a secure password
- Verify your email address and log into your account
- Choose “Get Started” to enter any remaining details and complete the signup process
- Add funds to your wallet using your bank or card
Once you have funds in your account, you’re ready to get started. You can also apply for a prepaid Visa card, but you won’t need that just yet.
After creating your account, you’ll also need to verify it in order to benefit from faster transactions and higher spend limits. This process is really simple, too. All you need to do is complete these steps:
- Within the Skrill app or website, choose the “Verify Account” link
- Take a photo of your ID document and upload it
- Verify your address by allowing it to access your location data or upload a document that proves where you live.
Joining a Skrill Sportsbook
With your account set up, it’s time to choose a sportsbook and register. Once again, just follow these simple instructions to begin:
- Visit one of our recommended, licensed Skrill sportsbooks on your device
- Create your account by providing your personal details
- Confirm your identity and location and agree to the site’s terms and conditions
Making Your Deposits with Skrill
After creating your sportsbook account, you can use Skrill to add funds and start betting. Here’s a quick guide to how this process works:
- Log into your sportsbook account and head to the cashier section
- Choose the “Deposit” option and select Skrill as a payment method
- Enter the amount of money you’d like to add
- Log into your eWallet account using your email and password
- Confirm the payment, and your funds will instantly be available for betting
How to Use Skrill for Withdrawals
Of course, you can also use this payment method to withdraw funds from your betting account. Provided you have enough funds to cover the minimum withdrawal, follow these steps to request your payout:
- Log into your sportsbook account and go to the cashier page
- Select “Withdraw” and choose Skrill as the payment method
- Enter how much you’d like to withdraw
- Confirm the payment and wait for the sportsbook to approve the request
- Your money should arrive instantly once approved by the sportsbook
Skrill Betting FAQ
What is Skrill?
Skrill is an eWallet or digital wallet service facilitating fast and convenient online payments. Compared to other payment options, it’s extremely safe and very fast, meaning you don’t have to worry when making deposits and withdrawals at online sportsbooks. You’ll need to create an account before you can use the service.
How do I use Skrill to make deposits at a betting site?
To make deposits at your sportsbook using Skrill, you’ll first need to set up a digital wallet. This is easy to do, and once it’s ready, you can add funds and then use the service to make fast and secure deposits. Simply choose Skrill from the available payment options and then log into your account and confirm the transaction.
Is it safe to use Skrill to make payments online?
Yes, Skrill is very safe for online payments. Like all digital wallets, it removes the need to enter your bank details when completing an online payment. This makes it much safer, reducing the risk of your details falling into the wrong hands. Skrill has a lot of security features to ensure your money is safe.
Can I use Skrill to withdraw money from my sportsbook account?
Yes, Skrill supports withdrawals too. If you want to cash out any winnings in your sportsbook account, simply select Skrill, enter the amount you want to withdraw and confirm. Once the sportsbook processes your request, you’ll have the money in your account instantly.
Are there fees when using Skrill?
Yes, Skrill provides a fast and convenient service and does charge a small fee for using it. While you can make unlimited payments at no charge, you’ll need to pay a small fee of $5.50 each time you withdraw from your Skrill account to your bank account. You can get around this by applying for the Visa prepaid card, which means you can spend your funds for free. However, the application costs $10.
Sources
Author
Tom Edlin is a senior author and contributor to SportsbookPromo.com. He's been writing and reporting on the US sports betting industry for years and has crafted hundreds of in-depth reviews and guides.
