Skrill (Moneybookers) Payment and Withdrawal

With the increasing rise of online bookmakers and gaming sites, it’s little surprise to see new and innovative ways for people deposit and withdraw money.  One such company, which allow payments and transfers via the internet, is Skrill.

The Facts

Website:  www.Skrill.com

When it was established in April 2002, Skrill was actually known by the name Moneybookers.  However, in 2011, it was announced Moneybookers would be changing their name to Skrill and this was completed in 2013.

Skrill was set-up in the United Kingdom and it’s headquarters remain there today, located at 25 Canada Square, London.  However, their services can be used worldwide, in over 200 countries and the likes of eBay, Skype and Facebook have all integrated Skrill as payment method for their services.

It’s very straight forward to set-up an account on the Skrill website but there are security checks, so be prepared to answer all the questions.  It’s to protect them and you, so it’s is very worth while.

Types of Payment

Once your account is set-up, there are numerous ways in which you can deposit money in to your Skrill account and they include the following:

• American Express
• Diners
• JCB
• Maestro
• MasterCard
• Visa

These are generally accepted worldwide and are the most commonly used methods when depositing money in to a Skrill account.  Some of these are free methods, some are not and you will need to check on the Skrill website, to find country specific charges.  Skrill also accepts bank transfer and it’s possible to deposit funds in to a Skrill account using a cheque but this will lead to a delay, before the money is available in the account.

Using Skrill to Bet Online

Skrill is accepted by the majority of online bookmakers, casinos and poker tables.  For example:

• Bet365
• Ladbrokes
• BetFred
• William Hill
• Unibet

all accept Skrill.

Therefore, it’s also possible to use Skrill to play poker, games and the casino at these websites.  You can also use Skrill on specific casino and games websites, such as Lucky Red, All Star Slots, Buzzluck, High Noon, 32 Red, Moon Games, Winner and Hippodrome.

To add money to your bookmaker or casino account, you simply login in to your bookie or casino of choice and go to make a deposit as normal.  However, you will need to choose Skrill or Moneybookers from the payment methods listed and then login to your Skrill account, as a way to prove you own it.  Once you have done this, all you have to so is select the amount you want to deposit and your betting account will be funded instantly.

Withdrawing money from your bookmaker or casino is even easier, all you need to do is click on withdraw and select your Skrill account.  There is no charge for this, however, if you want to transfer the money from your Skrill account in to your bank account, there is a charge.  You will need to check on the Skrill website for specific charges in relation to the method used and the country in which you live.

Pre-paid Card

As a way to spend the money in your Skrill account, you can can apply for a Skrill MasterCard.  It’s possible to spend the money in your Skrill account using the card, which is free of charge in shops, restaurants and for buying goods online.  However, there is an annual fee to use the card and there are charges for making cash withdrawals, which can differ depending on which country you are in.

Skrill Advantages

• It’s very easy to transfer money in to a Skrill wallet and then on to your bookmaker or casino account.  Furthermore, Skrill is one of the safest ways to transfer money online, so you should not have any worries when it comes to using the service.
• Money transfers instantly between your Skrill wallet and betting account, meaning you can take advantage of great odds or offers quickly.  This is also useful if you need to add funds to your casino account, in order to keep playing.
• Withdrawals from your bookmaker or casino are quick.
• Customer support is available 24 hours per day, so if you do run in to any difficulties, they will always be on hand to help.
• Skrill is accepted by a large number of online betting and gaming companies, meaning you should be able to use it to fund the accounts of your favourite bookmakers and games.
• Cost per transaction with Skrill is actually cheaper than many of it’s competitors.  The cost of making withdrawals can become less, the more you use the Skrill account.
• The Skrill MasterCard makes it easy to spend the funds in your Skrill account, without being charged withdrawal fees.

Skrill Disadvantages

• It can be difficult to change the currency of your account once it has been set-up.  Therefore, make sure you know what currency you would like to be betting in or using for games, before selecting it.
• Registration can take some time to complete and your account may be frozen, if you do not provide the correct information.  It’s worth taking the time to complete this process fully, the first time you do it.  However, it does take time.
• You need to ensure your Skrill account has funds, before attempting to make a transfer in to a bookmaker or casino account.  This is a general disadvantage of e-wallets and not specific to Skrill.

Summary

• Long verification process but worth it for the security Skrill provides
• Available at all major bookmakers and gaming websites
• Quick and easy to deposit and withdraw money
• Small fees for some transactions
• Skrill MasterCard available to spend your balance without having to withdraw