Skrill is a payment method that is no stranger to gamblers. It is known to be the most popular payment option when players want to deal with operators at online betting sites.
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Skrill is a payment method that is no stranger to gamblers. It is known to be the most popular payment option when players want to deal with operators at online betting sites. While not common in other markets such as on-site shopping or e-commerce, where PayPal and credit cards are leading the way, no other form of payment can compete with Skrill for online betting platforms.
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With so many advantages such as high security, fast processing times, easy registration, and numerous promotions included at a bookmaker that accepts it, it's no surprise that Skrill easily grabs the preferred position of bettors when they have a trading need to gamble.
As a result, Skrill increased its spread rapidly. This payment method currently accepts transactions in over 120 countries and offers over 40 currencies available for you to choose from. It and its brother Neteller, jointly operated by Paysafe Group, are the two methods that dominate the payment services of the online gambling industry today. The proof lies in the vast number of operators with whom they work.
However, that can make it difficult for you to choose the best betting sites accepting this payment method for you. That is where our list of the best Skrill bookie sites with aggregated data on available games, bonuses, and user complaints comes in handy. Before getting to that, by the way, you can read our article below for a few more interesting facts about Skrill.
Skrill's Development History
Back in 2001, Skrill first appeared on the market under the founders of Daniel Klein and Benjamin Kullmann. At the time, it was known as Moneybookers, and it operated as a digital wallet provider. Unfortunately, the first years saw Skrill's inferiority compared to competitors, when the market share of this method was only 1%.
2007 marked a breakthrough for Skrill after the brand was acquired by Investcorp Technology Partners in March. This acquisition allowed Moneybookers to expand rapidly when it was allowed access to its parent company's huge customer base. This payment option quickly gained significant attention from individuals and businesses in need with clear competitive advantages. As a result, it was named the fastest growing business in the UK at the end of the year and became one of the top three providers of electronic payment services in Europe.
In 2011, the name Skrill was first introduced to their customers by Moneybookers. However, the name change procedures were not completed until 2013, when the company officially entered the market by the name we are all familiar with today.
That same year, Skrill officially claimed Austrian ownership from Paysafecard, a service that provides users with prepaid vouchers to purchase goods online. Two years later, it was acquired by Optimal Payments for 1.1 billion euros. To your knowledge, Optimal Payments is the company that owns Neteller, Skrill's direct competitor in the e-wallet market. With that, the competition between these two payment options is officially over, and they work together to dominate deals at online betting platforms, as we have seen today.
The absolute market domination that Skrill's executives aim for does not stop there. Ukash, a competitor of Paysafecard from the UK, was acquired by Skrill in mid-2015. That was also the year that Optimal Payments changed its name to Paysafe, which sticks with them until now.
By 2018, Skrill launched an international money transfer service and a cryptocurrency trading service. That helps the company diversify its ability to serve users and helps it acquire more customers.
Throughout its operation, this company continuously cooperates with famous partners European Poker Tournament, and it continued with the tenth season two years later. In May 2013, the Football Association's National League signed a one-year sponsorship deal with Skrill. Seven years later, Skrill cooperated with the famous Italian team AC Milan. Finally, most recently, its biggest sponsorship deal was announced in 2021. At that time, the company's partner was the team playing in the English Premier League, Leeds United.
Going back to the online betting sites, Skrill is the accepted payment method on many platforms. The number of Skrill betting sites is leading the charts in terms of the popularity of payment options. Neteller, its brother, is trailing right behind in second place. So, what is this e-wallet's competitive advantage, and why is it dominating gambling transactions? The next part of the article will give you the answer.
Benefits of Skrill Betting Sites
As mentioned above, Skrill is currently the most preferred payment method by gamblers. In addition to the convenience of deposits and withdrawals, this option possesses many other notable advantages. These advantages will be listed below.
High level of security: First of all, Skrill guarantees a high level of information security. This payment option uses modern SSL technology to encrypt your transaction information. As a result, the betting site operator or any other third party will not be able to know your bank card data.
Open account for free: Secondly, players can create a Skrill account for free. It will not cost you anything to sign up for a personal account of this e-wallet.
Low deposit fees: Skrill offers lower deposit fees than many other methods available today. That ensures you will significantly reduce the amount of commission you have to pay if you deposit on this payment option.
Fast trade processing time: More than that, users can also experience fast deposits and withdrawals. This payment option offers an advantage over credit card transactions, wire transfers, and many other payment methods, where you will have to wait several days for the funds to be credited to your account. If you use Skrill, the maximum time you have to wait is only 24 hours.
Accepted in many countries: In addition, Skrill owns a wide expansion globally to serve a colossal customer list. The majority of countries in the world, more than 120 countries to be exact, accept Skrill as an available payment option. In addition, it offers more than 40 different currencies and several popular cryptocurrencies.
Free transaction fees at gambling sites: Next, gamblers using Skrill can enjoy free deposits and withdrawals at online gambling platforms. You will not incur any additional costs for the transactions you make at the Skrill betting sites.
Drawbacks of Skrill as a Betting Site Payment Method
Besides the many advantages that we have just discussed, this payment option also has some minor disadvantages that you should consider if you intend to use.
Not accepted at all online betting sites: The first thing to mention about, not all betting sites offer the option of paying through Skrill. Therefore, if your preferred platform does not accept this method, you will, unfortunately, be forced to choose another payment option or another platform to place your bets.
Not eligible to claim bonuses at many betting sites: It is a sad fact for all Skrill users. Many sports betting set in their term that all users using Skrill for their deposits will not eligible for any bonus and promotions. That's why we listed it factor as a shortcoming for players.
High credit/debit card withdrawal fee: Moreover, Skrill requires a high credit/debit card withdrawal fee. For money transfers from Skrill e-wallet to your credit or debit card, a 7.5% fee will apply. That is a very high number, and you will suffer in the long run if you have a great need to make such trades.
How to Use Skrill in Online Betting Sites
New customers will have no trouble choosing this e-wallet as their primary transaction method at online betting sites. Just follow these simple steps to pay with Skrill:
Step 1: Sign up for a free Skrill account. You need to enter your email and personal information to confirm your identity. This process will not take much time.
Step 2: Complete account registration through email verification. Skrill will send you a confirmation email through the email account you provided. Then, simply click on the link in that email to complete the Skrill account creation process.
Step 3: You need to choose a deposit method for your Skrill account. It could be a credit card or some other e-wallet you are using.
Step 4: Search for a reputable Skrill betting site and select Skrill as your deposit method in the Banking / Cashier section.
Step 5: Fund your betting account with the appropriate amount.
In addition, some betting sites will offer attractive promotions for users using Skrill e-wallets. Therefore, check out the Promotions category that the operator provides to find more opportunities to increase your profits.
As for the withdrawal process, things won't be much different. You will access the Payment section of your betting site account and select the appropriate amount to withdraw. Transactions are processed almost instantly.
How to Choose a Skrill Betting Sites
Our website provides you with a list of the safest betting sites that accept Skrill for your reference. Plus, if you want more detailed results, the intelligent filters we provide will prove to be very helpful. For example, those may include Skrill betting site that is mobile-friendly, accept Bitcoin/Cryptocurrencies, have Live games in their collection, suitable for high-rollers, or many other characteristics of the platform you are interested in.
Please remember that it won't do you any good for a betting site to accept Skrill if it's a scam. So, make sure you choose a reputable and transparent platform to play with before considering whether it provides this type of e-wallet or not.