Bookie betting: Skrill as a payment method
Skrill is a popular, secure, easy to use payment method and electronic wallet. Skrill not only allows you to transfer your domestic or foreign funds, but also works with online betting, so you can deposit and withdraw your winnings from your Skrill bookmaker.
What are the benefits of Skrill? What does a step-by-step Skrill payment look like? What else do you need to know about Skrill and the bookmaker and what does the Skrill and Tax Office relationship look like? You will find everything in our text.
Skrill: What is it?
It was founded in 2011 in the UK and was not named Skrill from the beginning. What is it? It was originally called Moneybookers, but in 2011 it was rebranded. The brand is owned by the Paysafe Group (since 2015), which also owns Neteller, Skrill's former main online payment competitor, and the Paysafecard pre-paid system. Skrill is available in dozens of countries but does not allow US registered users to accept money.
Also, foreign residents cannot send funds using a card or account from a location in the USA. Skrill acts as an escrow gateway for online trading, but also as an electronic wallet (similar to PayPal). In addition, Skrill offers pre-paid cards. Skrill is a popular payment method for online gamblers, bettors, online shoppers and Forex traders. The brand keeps up with the times and also offers cryptovalue payments.
How does it work? Skrill: Topping up your account
How do I top up Skrill? You can transfer funds to your Skrill account by transferring money from your account, topping up your Paysafecard account with Skrill, paying with a card. Simply add a bank account or card to your Skrill account. Withdrawals can be made either by wire transfer or at ATMs. Unfortunately it is not possible to top up your Skrill account via text message. If you don't have an account or card, buy Paysafecard cash at a kiosk and top up with Skrill Paysafecard - as the same owner has both payment methods, this is possible.
Skrill SMS top-up is not possible, but you can receive payments by phone if you have a mobile app. In order to receive funds, the sender only needs to know the phone number of the recipient. As SMS top-up is not feasible with Skrill, it is also not possible to top up your phone with Skrill - although you can do this with your Skrill Prepaid Card. You can top up your Skrill Card by paying for a new package.
Skrill: security
Skrill takes care of the security of your data. It is not passed on to retailers or service providers. Payments are made on the basis of the email address and password provided, and card or bank details are not disclosed. All information passing through Skrill is transmitted encrypted. Skrill complies with the data security standards of the card industry, i.e. PCI-DSS Level 1.
Since the brand is owned by a UK company, it is subject to UK jurisdiction. It is licensed by the Financial Conduct Authority (FCA). It is a very prestigious and trusted institution in the world of finance. Licences granted by it are a guarantee of safety. Skrill was the first publisher of electronic money to obtain an FCA license.
Skrill opinions
What are the opinions about Skrill? A bookmaker offering payments via Skrill is usually met with a positive response from users. Skrill is praised for its convenience, speed of transaction, low fees. The lack of a free multi-currency account is a source of dissatisfaction. Users playing in multiple currencies have to open multiple accounts in order to bypass the recording and to avoid quite expensive currency conversions.
Exactly - fees are generally low, but currency conversion is expensive and Skrill customers complain about it. There are also account blockades, but this must be taken into account by an illegal player and Skrill warns you clearly about this. If you bet on one currency and play with legal bookmakers, you should be satisfied with Skrill.
Skrill: Close the account
Skrill reserves the right to close, block or suspend your account at any time if we suspect that your account has been used for money laundering, terrorist financing or other criminal fraudulent activities. Skrill reserves the right to control the use of your account. Skrill also reserves the right to block your account if unauthorized access or other security breaches occur.
The provision that you may suspend or terminate your Skrill or Neteller account without notifying the owner if such fraudulent practices are discovered will be effective as of March 13, 2019. This is an automatic change and you agree to use Skrill or Neteller's services after this date.
