Skrill

Skrill is one of the most trusted online payments systems in the world, and it’s easy to see why. Not only do they play home to over 150 million transaction each year, but they can also boast to being available in more than 200 countries and 40 different types of currencies.

Where can you use Skrill

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About Skrill

Founded by Moneybookers Limited in 2001, and originally known as Moneybookers, Skrill is a UK based online payment company that has quickly expanded to become one of the fastest growing private equity firms in the country based on profits. In 2013, Skrill was purchased by Paysafe Group for €1.1bn and continues to be one of the main payment providers around the world.

It firmly established itself as the best gambling depositor while PayPal was out of the gambling industry from 2004 until 2015. A move which soon promoted PayPal to get back into the market, but not before Skrill had a real stranglehold.

Along with its sister company Neteller, Skrill are now the most trusted online payment methods available for funding gambling accounts, despite a charge of €2.95 for withdrawing funds. Sending money through your Skrill account will also set you back 1% of the value you are sending.

The vast majority of online sports bookmakers now include Skrill as one of their payment options, and for many, it is one of their most used options by their customers. However, Skrill does have a series of terms and conditions that have to be adhered to when using their services with gambling sites. Here’s the wording on their site:

“It is strictly forbidden to make payments to or to receive payments from persons or entities offering illegal gambling services, including (but not limited to) illegal sports betting, casino games and poker games. We may suspend or terminate your Skrill Account at any time or refuse to execute or reverse a transaction if we believe that you directly or indirectly use or have used your Skrill Account for or in connection with illegal gambling transactions.

“Countries where online gambling is illegal include the United States of America, Turkey, China, Malaysia and Israel. This list is not exhaustive and it is your responsibility to ensure that you do not use our services for transactions that may be considered illegal in your jurisdiction.”

The minimum deposit for Skrill payment is usually between £10-$25, and withdrawing is instantaneous though it can take up to 3 working days for it to hit your account. Also, don’t forget that there is a £2.95 charge so make sure you’re wise with your withdrawal habits.

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Disclaimer: Online gambling is illegal in some jurisdictions. It is your responsibility to check your local regulations before gambling online. Only players over 18 years old can register at online casinos. Playing online casinos, slots or bingo should remain a form of entertainment.

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