Skrill is a digital wallet provider that facilitates online payments. Despite offering payments with a host of merchants, it is perhaps gambling where Skrill is best known. Skrill bet
ting sites are increasingly common in the UK, with many punters turning to this method of payment because of its speed, convenience and safety. Available for both deposits and withdrawals, this page will outline exactly how Skrill UK works. This includes its benefits and limitations, as well as the leading bookmakers offering this payment method.
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Now that we have outlined the best Skrill betting sites, it is time to take a closer look at the eCommerce platform. Formally known as Moneybookers, Skrill is an online payment system that is now available in over 200 countries. Owned by the PaySafe Group and regulated by the Financial Conduct Authority, Skrill offers transactions in over 40 different currencies, including British Pounds. Having been founded in 2001, Skrill has vast experience and has developed an excellent reputation, especially within the betting industry. Accepted by the vast majority of leading bookies/sportsbooks in the UK, Skrill payments are fast, secure and convenient.
Skrill is a platform that is synonymous with the betting industry. Payments made using Skrill on betting sites are fast, discreet and convenient, while those using this option can also take advantage of many exclusive promotions. Skrill payments can also be processed anywhere, anytime, whether you are operating on a PC, mobile or tablet. A VIP programme is also available to Skrill customers, with benefits here including lower fees, 24/7 support and additional rewards. Such benefits are not available when using bank transfers or certain other online betting payment options.
Before using Skrill betting sites, it is important to understand exactly how the payment method works. In order to explain the process, we will use 888Sport as an example. The bookie is one of many to accept Skrill payments, with the following being a step by step guide for potential Skrill users:
The first step of the process is to open a Skrill account. This can be achieved by visiting the Skrill website on desktop or mobile, while the Skrill app can also be downloaded. Having done so, click or tap on the “Register” button. On the registration form, enter your email address and chosen password, along with your full name. On the next page, enter your current address and postcode, before selecting your preferred currency. Finish the process by selecting the “Open Account” option and verifying your new account via email.
Having signed up, it is time to fund your new Skrill account. A number of payment methods can be used here. The best way is to link your bank account or bank card to your Skrill account. In order to add a payment source, click on the “Upload Funds” option when logged in and follow the instructions.
We have recommended 10 of the leading Skrill betting sites available to punters in the UK today. Take a closer look at them for yourself, including their markets, odds and additional features, before deciding which is the best platform for you. As always, all of our recommended bookies are fully licensed in the UK, making them 100% safe to sign up and bet on.
Now that you have funds in your Skrill account, it is time to transfer money to your betting account. In order to do so, head to the cashier page and select Skrill as your chosen method of payment. Enter the amount you wish to deposit and click “Confirm”. On the pop-up window, enter your Skrill login details and once again confirm.
Having placed a winning bet, withdrawing funds is also an easy process using Skrill. Log in to your betting account once more, before locating the withdrawal page. Enter the amount you wish to take home, from your available balance, and select Skrill. Log in to your Skrill account and confirm the withdrawal.
Once your funds have made their way to your Skrill account, money can either be used to make purchases online or transfer directly to your bank account. In order to do so, login to Skrill and click on the “Send” option. Enter the amount and either enter your bank details or select a saved bank account. Funds are normally processed instantly.
Adding money to your Skrill account is likely to be free. However, those using Visa or Mastercard debit cards, Paysafecard or Boku to do so may incur a small fee. Meanwhile, both Skrill deposits and withdrawals on UK betting sites are also mostly processed without charge, however this does depend on the bookie itself. The majority of our recommended Skrill betting sites perform well in this area.
Meanwhile, there are deposit and withdrawal limits at Skrill betting sites too. Deposits are likely to start at either £5 or £10, while they can be as high as £50,000. Withdrawals can be processed as low as £0.01, however with most bookmakers the minimum amount will be £10. The maximum withdrawal available will range between both bookies and sports betting markets, however most punters are likely to see their needs met in this area.
Finally, Skrill betting sites facilitate instant deposits, while withdrawals are likely to take anywhere between 1-4 working days to complete. This makes Skrill faster than many other betting payment methods, with security never being compromised.
One potential drawback of using Skrill is the fact that many welcome bonus and free bet offers will state in their terms and conditions that deposits made using this payment method are not eligible. The same is said of other e-wallets, including PayPal and Neteller, in many cases, with only a small number of our recommended Skrill betting sites making such payments eligible. Be sure to check out the full t&Cs surrounding promotions before looking to take advantage of them.
As with any method of payment, there are both positives and negatives when it comes to Skrill betting sites. Having tested Skrill extensively, the following are the main pros and cons of the payment method:
What We Like:
Is Skrill safe? The answer is absolutely, yes! With payments on betting sites via Skrill requiring only your Skrill account login details, there is no need to add your bank account or card details to your betting account. This adds another layer of protection for customers, with punters never revealing any sensitive financial information.
While the majority of betting payment methods allow for instant deposits, it is the speed of withdrawals which sets Skrill apart from many other services. Payouts will depend on how quickly your bookie processes the withdrawal, however once this is done, funds are generally transferred instantly.
Skrill is a good option for those looking to keep a strict budget when betting online. By storing funds used for wagering on your Skrill account, there is never any temptation to use your bank balance instead. This promotes gambling responsibly, as does Begambleaware.org.
Skrill is accepted by the vast majority of leading UK bookies, who have recognised its reliability and popularity. In fact, it is more difficult to find a betting site which doesn’t accept Skrill nowadays. This is especially the case now that a credit card can no longer be used as a deposit method for online gambling in the UK.
What We Don’t Like:
While deposits and withdrawals at gambling sites are likely to be processed free of charge via Skrill, those looking to move funds to and from their Skrill account may well incur a fee. Whilst being small, if used regularly, this will add up.
Almost all betting sites, booth new and old, will offer some form of bonus or free bet for new customers signing up. However, many indicate that deposits made using Skrill will not be eligible for such rewards. As a result, bettors may have to find an alternative, at least when processing your first deposit.
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Skrill has long been one of the most popular payment methods for betting customers in the UK. Through this platform, punters can quickly and easily process deposits and withdrawals, with security also being one of its major selling points. With the vast majority of leading bookies now accepting Skrill, be sure to take a closer look at it for yourself, before possibly signing up for an account. All of our recommended Skrill betting sites are fully licensed and regualated, coming with their own set of markets and features.
Punters can add funds to their Skrill account directly from a bank account or debit card, while payments can also be made via other e-wallets, such as PayPal and Neteller, as well as Bitcoin. Adding funds is easy and quick with Skrill.
While a direct transfer from PayPal to Skrill is not available, punters can always move funds from their PayPal account to their bank account or card, before then adding them to your Skrill account.
Yes. With both platforms being owned by the Paysafe Group, this action is allowed. However, a 3% fee is likely to be incurred, meaning that it may be more cost effective to use an alternative option.
While this process differs between banks, the most customers are likely to have to wait is 3 business days. Meanwhile, withdrawing funds from your betting account to Skrill is normally completed in a shorter amount of time.
This will depend on which bookie you sign up with. However, the majority of betting sites in the UK state in their terms and conditions that opening deposits must be made using a debit card in order to qualify. Be sure to look into this before signing up and depositing funds.
James is a freelance writer who specialises in the world of sports and iGaming, producing engaging and accurate content for online publications, including news articles, reviews, press releases and social media marketing.
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