Skrill: A Trusted Online Betting Payment Method
Trust is the primary factor which makes bettors all over the world sceptic about opening an account on an online betting site. This lack of trust is based on several factors including the ease of use, the safety of their personal information, and the kind of payment methods that are available for deposits and withdrawals. E-wallets like Skrill have managed to create a name for themselves which has attracted a lot of bettors simply because there is a common denominator among every Skrill customer which is “Trust”. Being one of the most popular and reliable payment methods, Skrill transfers payments to and from your merchants. You can deposit and withdraw amounts from your betting account and to the bank account or vice versa. For all this, Skrill charges a certain amount to initiate and execute the payment.
Being one of the most popular and reliable payment methods
However, in comparison to other gateway payment platforms, Skrill charges a comparatively low fee. This might not be the major reason for customers to choose Skrill but is surely a considerable aspect that is pulling in more admirers of the platform. Skrill is widely used as an online betting platform payment service across the world. Skrill is has a user base of more than 18.5 Million users from 200 countries including India. The platform is legally available all over the world. A majority of online betting sites in India depend on Skrill for a major chunk of their transactions. Skrill India has become a highly convenient choice for Indian bettors with its simple transfer procedures and safe algorithms. Since it accepts and transfers amounts in Indian Rupees, you won’t have to worry about paying conversion rate on certain betting sites such as Betway.
FAQs about Skrill
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What is Skrill All About & How Does it Work?
Skrill is mostly used by users who want to deposit funds into their gambling or betting accounts. All you have to do is create an account and register or link your bank account and Debit/Credit cards to the Skrill account. By doing this you will activate your Skrill account which is ready to be used for adding funds to your betting accounts on different websites. When you want to withdraw money from your account, you can go to the withdrawal section and transfer the desired amount to your bank account. It may take a week or so for your funds to get transferred in your betting account but you won’t have to worry at all about your money as the process is encrypted and completely safe from cyber-criminals. Skrill is regulated by the UK Financial Services Authority and deals with more than 40 currencies including Indian Rupees. This means that even if you are depositing funds in INR in your account, you can still fund your UK bookmakers just as easily by paying the right conversion rates. There are several Indian and international betting and gambling sites that accept Skrill as a payment method including Betway, LeoVegas, Bet365, etc. One thing that makes Skrill preferable over other payment methods is its easy-to-use interface and accessibility. We will talk about its various features and how it has become am standard payment method on every betting and gambling site.
How to Create an Account on Skrill?
It is easy to create an account on Skrill. All you have to do is visit their official website and enter the basic information they ask for and upload a valid government ID proof like Aadhar Card or Driving License. To start receiving or making payments, you will have to add a photo of you holding your ID proof along with the 3-month statement of your bank account. After uploading all this information, you will have to verify your email as well to confirm your identity. Moreover, Skrill requires you to verify your address as well where a 6-digit code is mailed to your email address. This code has to be added on to the website for verification in your registry page. Make sure you correctly enter each digit in the right sequence to quickly finish the verification process. With this code, Skrill will be able to verify your address. After all of this is done, there is a chance that the withdrawals and deposits limit might be increased. This depends on the number of verifications you perform.
It is easy to create an account on Skrill
The more you verify your details with the platform, the more chances are there that you will have increased deposit and withdrawal limits. All the information you provide is kept secret and is not shared with any third party. You can add your bank accounts and link your debit/credit cards to start transferring funds into your betting accounts. Once you have the money deposited into your Skrill account, it is secure and can be used anywhere on any platform that accepts payments through Skrill. All you have to do is go to your betting account and click on the deposit button and choose Skrill as the payment method. The transaction processing speed is faster than any other online payment method.
Methods for Depositing Funds on Skrill
There are several methods through which you can deposit funds in your Skrill account and start betting and gambling on websites from all over the world. The money that you add in your Skrill account will be directly deposited in your Skrill wallet where you can keep track of all your transactions as well. You can deposit the money in your Skrill account using the following methods:
- Bank Transfer: This is the most commonly available payment methods used by a lot of bettors to add money to their betting accounts. You can use Bank Transfer through a SWIFT code that is there with your bank.
- Debit Card/Credit Card: VISA and Mastercard are two of the most convenient payment methods that can be used to fund your Skrill account. By linking your VISA and MasterCard, you can deposit the funds with just a few clicks.
- UPI (United Payments Interface): This method is majorly used by Indian users and doesn’t take much time to process. The transfer amount and the UPI Pin needs to be entered to process the transaction.
- Cryptocurrencies Such as Bitcoin: You can use your Bitcoin balance to add funds in your Skrill account. This method is getting unprecedented exposure among the betting community for being an alternative to real currency.
- Neteller: A replica of Skrill, Neteller is another e-wallet that is available on Skrill for funding the wallet. The processing speed and transfer fee are the same as Skrill.
Through all these methods you can fund your Skrill account and start adding money into your betting as well as gambling accounts, regardless of the currency you are using.
Deposit Funds to Your Betting/Gambling Account Using Skrill
As soon as your money is deposited in your Skrill account, it is safe and secure and ready to be transferred into your betting and gambling account. The transferring process is quite simple which makes Skrill among the most convenient platforms that is suitable for both professional and amateur bettors. All you have to do is choose a website that is accepting payments through Skrill. In case you already have an account on a betting site, the process of deposit becomes quicker. Just open your account and look for the deposit option. From there you can enter the amount you want to deposit and choose Skrill as the payment method. Clicking on deposit will redirect you to Skrill where you can deposit the amount instantly and safely to your betting account. Major Websites like Betway, Bet365, 10Cric, 888Sports, etc. are accepting payments through Skrill. Moreover, a 2.5% percent of the total deposit amount will be charged by Skrill as the payment for acting as a carrier. This amount may vary from time to time according to the company’s policy.
Major Websites like Betway, Bet365, 10Cric, 888Sports, etc. are accepting payments through Skrill
Skrill’s Relevance in the Online Betting Industry
There are several reasons why Skrill’s popularity increased in the past few years. Low transaction fee and clearly defined layout are one of the many factors. However, the greater reason can be the surge in the number of bettors all around the world. This has encouraged all online betting sites to add more payment methods to their platform so all that players from every part of the world can use deposit funds on their sites without any difficulty. E-wallets like Skrill have received regular support and appreciation from both betting sites and bettors for their highly protected payment system and quick processing speed. Skrill has also made its way into the cross-currency barriers that were there before. Today, no matter what currency you are using, you can easily make payments and perform deposits without any hassle and in a secure manner.
Additional Information About Skrill
There are certain limitations with your account related to the verification details. The restrictions can be related to the withdrawals or the fees levied on your transactions with Skrill. Here is some relevant information about Skrill that will give you an understanding of the various things you need to keep in mind when using Skrill:
- You must keep a check on the withdrawals from your Skrill account. Go through the set of rules relating to the amount you can withdraw from your account in a specific period. It can be weekly or monthly, but you need to keep your withdrawal transactions the limits to keep the balance intact for the time when you really need it.
- There are restrictions based on how many withdrawals you can make in a month.You get 10 free withdrawals in a month after which Skrill would charge you a certain amount to process the transaction to your bank account.
- Back in the day, there were separate accounts for the gambling and betting account transactions, but today it is different. You can make all your transactions; be it on a gambling or betting site, using the same Skrill account.
Advantages of Skrill
There are many advantages of Skrill that are beneficial for every bettor. The platform has proven its worth as a gateway that is reliable in terms of safety of your bank details, transaction speed, and many other factors. Below we will elaborate on each advantage to give you a clear picture of this gateway:
Secure & Instant Payments
Not only does Skrill allows you to instantly create an account but the payment gateway is pretty fast at transferring the amount to your betting account. You can make payments in the blink of an eye which not only makes it convenient but reliable as well. You can receive and send payments without any delay which is why Skrill is considered a better option by most bettors than any other online transaction method. Skrill also lets you keep a record of the funds you have transferred and received from online betting sites. It comes in handy when you are tracking your expenses on different betting sites. However, you should make sure that the website is accepting Skrill as a payment method before creating an account. Skrill is considered to be a very secure method of online payment as it has deployed best-in-class security methods to keep customer information safe from cyber criminals and any other technical mishappening. All transactions are secure and can be tracked at every point.
You can make payments in the blink of an eye
Easy to Use
Skrill is considered to be one of the most convenient online payment methods because of the clearly-defined layout. You can make payments just by using your email account in Skrill. Linking your bank accounts as well as Credit/Debit Cards is also hassle-free which makes Skrill the ideal platform for your online transactions. The best thing is that all the transactions you make highly encrypted which is great for data protection. You can keep a log of all the transactions. At Skrill, you can create an Excel document to record details of all transactions you have performed over a period of time. This feature keeps transparency handy and helps customers keep a check on how much they are spending. Skrill has come a long way to keep their customers up to date with their features and policies.
24/7 Customer Service
One of the most impressive facilities at Skrill is the 24/7 customer service designed for customers to deal with their queries. The service is accessible to customers from all over the world. If you are not able to find a solution to your problem through the FAQs, you can contact a customer service representative at Skrill. Mostly, the response rate is pretty quick. The customer representatives are courteous and patiently listen to what you have to say and come up with a solution that best suits your situation. You can email them at help@skrill.com and your problem will be dealt with as soon as possible. This not only gives the customer a sense of safety but also creates a respectable reputation of the company that helps retain the customer base and attracts a whole lot of attention from all parts of the world.
Low Fee on Transfer of Funds
Skrill charges lesser amount for fund transfer as compared to other payment platforms. When you are making any sort of payment with Skrill, you will only be charged 1% of the total amount or a maximum of ₹33.34. Moreover, no fee is charged when you receive the funds. Customers are charged 1.90% of the total amount when making a deposit. For withdrawals, Skrill charges ₹120.3 when you choose to withdraw funds through SWIFT Code while ₹233.39 is charged if you are using USD, GBP, or a Euro Cheque. These charges are pretty affordable in comparison to other platforms which is why Skrill is being widely considered as a better alternative to Net banking and Credit/Debit Cards.
Skrill Pros and Cons
In our review we were able to have a 360° look at this exceptionally convenient money transfer platform. Here we will point out some of the most important qualities and flaws so that you are able to gauge the genuineness of the platform and make out whether it is worth registering to or not. Pros Skrill has a highly competitive exchange rates and fees when you use Skrill Money Transfer. Their secure, convenient layout, and fast transfer speeds are better than most payment gateways and other deposit and withdrawal methods. Also, the platform has the best rating on almost every customer review website. This has helped build up a loyal and huge customer base which is expanding every day. Cons Skrill is currently available in selective countries and allows users to send the money to the mobile wallet or bank account. Some Indian banks also do not accept Skrill as a mode of payment which is the reason behind it being less popular among Indian audiences.
Skrill Wallet
The Skrill wallet provides customers with different methods to deposit and withdraw money online. Below are the options available for sending and receiving money in the Skrill Wallet:
- Directly send and receive money all over the world to different bank accounts, other Skrill accounts, and mobile wallets
- Allows users to send and receive money in a local region, mobile wallets, domestic bank accounts, and other Skrill accounts
- It can also be used to pay for services and goods from different merchants (PayPal to Skrill or Skrill to Paytm) who also use Skrill wallet
Skrill Wallet lets users withdraw money using a couple of different methods. The availability of withdraw methods strictly depends on the country of registration. Skrill wallet allows users to withdraw money using below mention methods:
- Skrill prepaid MasterCard
- Skrill virtual card
- Visa card
Skrill wallet doesn’t allow users to transfer international currency in some countries due to strict compliance guidelines. However, the wallet can be used to buy and sell cryptocurrencies such as Bitcoins, Ethereum, Ripple, Bitcash, etc. With over 35 million users, the Skrill wallet is being used for making transactions in variety of areas including gaming, shopping, and online betting. You can also use Skrill prepaid card whenever you are travelling.
Pros of Skrill Wallet
The Skrill wallet is the gold standard wallet among all the digital wallets available online. It offers a wide range of services for transferring money, and making payments at stores or online.
Cons of Skrill Wallet
Transferring money between two Skrill accounts using the Skrill wallet costs a lot. Skrill wallet may take too much time and cause inconvenience while transferring money internationally. Moreover, the wallet was not review too well on many websites including Trustpilot.
Min Deposit: $10
Min Deposit: ₹1,000
