Skrill

Skrill website preview

Skrill is one of the most used e-wallets in the world. Its main advantage is the simple and quick transfer of money abroad. You only need to know the recipient’s email address. Thanks to easy deposits and withdrawals, which are almost fee-free, it has also become a popular payment method for online sportsbooks and online casinos.

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What is Skrill?

An e-wallet that allows you a safe, fast, and convenient way to pay online, requiring only an email and password. Skrill is commonly used for international transactions, cryptocurrency trading, online betting, and paying for goods online.

History

Skrill was established in 2001 in the United Kingdom under the name Moneybookers. Just six years later, the company became one of the top 3 providers of electronic payment solutions in Europe. Between 2013 and 2015, the brand was rebranded from Moneybookers to Skrill. In 2015, Skrill was acquired by Paysafe Group (then Optimal Payments), which owned the competing e-wallet Neteller. The purchase cost approximately €45 million, and in the same year, Skrill merged with Ukash (a British competitor of Paysafecard). In 2018, Skrill began to expand its scope. Among the services offered were cryptocurrency trading and the ability to conduct international transactions. During its operation, Skrill also became a sponsor of several sports teams and events, including AC Milan, Leeds United, and the European Poker Tour.

Who owns Skrill?

Currently, Skrill is owned by Paysafe Group. They have a range of other payment solutions in their portfolio, such as the prepaid payment card Paysafecard or the e-wallet Neteller. Skrill thus becomes part of a broader ecosystem of payment solutions, enabling it to offer users comprehensive and reliable services.

Where can you use Skrill?

There are many possibilities where Skrill can be used, but due to its simplicity, people mainly use it for international transactions, where there is almost no easier method. Skrill offers the possibility of transactions where you only need to know the recipient’s address. Furthermore, Skrill can be used for these payments:

• E-commerce sites such as Amazon and eBay.
• Streaming platforms – Spotify, Netflix.
• Travel and tourism apps – Airbnb, Booking.cz.
• Purchasing and trading cryptocurrencies.
• Trading platforms.
• Online bookmakers and casinos.

How to pay with Skrill in online betting?

You will love paying with Skrill because of its simplicity. However, the downside is that only a small number of Czech bookmakers accept it.

1. Select a bookmaker that accepts Skrill as one of the payment methods.
2. Log in to your bookmaker account.
3. Click on deposits.
4. Enter the amount of money you want to deposit.
5. Select Skrill from the payment methods.
6. You will be redirected to the Skrill page.
7. Log in to your Skrill account.
8. Confirm the payment.
9. The money will be in your gaming account within a few seconds.

Online bookmakers that accept Skrill

Among the bookmakers operating in the Czech Republic, you can use Skrill for payment at the following companies:

• Tipsport
• Chance
• Betano

Sign-up bonuses at bookmakers

Unfortunately, Skrill does not directly support bonuses for newly registered users, but some bookmakers that accept Skrill offer bonuses. In the Czech Republic, these are Tipsport, Chance, and Betano. Currently, all three offer a bonus for newly registered players. Tipsport offers a bonus of €10 for free, which can be claimed with full registration. They also offer a €2,000 welcome bonus. At Chance, the bonus for first registration is €5 for free and a €80 welcome bonus. Betano has prepared a €10 bonus for newly registered users who verify their identity. After wagering the first three hundred, you can use a €120 welcome bonus. If you want to learn more about the bonuses of individual bookmakers, check out our bonuses section.

	Tipsport	€2,000 welcome bonus
	Chance	€80 welcome bonus
	Betano	€120 welcome bonus

How to register for a Skrill account?

Registering for a Skrill account is easy; the entire website is in Czech and the interface is user-friendly. To sign up, you will only need to enter your personal details and choose the currency in which you want to maintain your account. The whole process of setting up a basic account takes a few minutes. For basic accounts, a maximum limit is set, which can be increased by verifying your identity, just like with bookmakers. The step-by-step registration process:

1. Go to the official Skrill website.
2. Click the register button.
3. Enter your personal details.
4. Verify your email address.

How to deposit money into a Skrill account?

Depositing money into the account is very simple, and you have many options on how to do it. There are even options to load money onto Skrill without needing a bank account, namely Paysafecash and Paysafecard. You can use the following payment methods for deposits:

• Payment card
• Bank transfer
• Neteller
• Cryptocurrencies
• Paysafecard
• Paysafecash
• Trustly

The deposit process is as follows:

1. Log in to your Skrill account on the website.
2. Click the “Deposits” button on the left sidebar.
3. Select one of the payment methods.
4. Click “Deposit now”.
5. Enter the amount you want to deposit.
6. Confirm the deposit.

How to withdraw money from a Skrill account?

Skrill offers the option to transfer money from your e-wallet easily to a bank account, payment card, or transfer it to Neteller. For some of you, it may also be suitable not to withdraw money but to use the Skrill payment card, which works like a regular payment card from your bank. We describe the Skrill payment card later in the article. Withdrawal process:

1. Log in to your Skrill account.
2. Click the “Withdraw” button on the left sidebar.
3. Select one of the methods.
4. Click “Withdraw now” for the selected method.
5. Enter the desired amount and confirm by clicking “Next”.
6. You will see an overview of your request.
7. Confirm the withdrawal.

Skrill payment card

As described above, the Skrill payment card works like a regular payment card from any bank, except it is not linked to your bank account but to your Skrill account. You can apply for your Skrill card in your profile (you must have at least €10 in your account), and the card will be sent to your address in the following weeks. You can use the card for payments and also for withdrawals from standard ATMs. The Skrill payment card is available in the following currencies: USD, GBP, EUR, and PLN. A minor disadvantage is that the card is charged and costs €10 per year.

Skrill mobile app

If you own a smartphone with an Android or iOS operating system, we recommend downloading the Skrill app, which brings more convenience and additional options for using your account. With the app, you will always have your payment history at hand, you can send and receive money anytime and anywhere. You will be notified of every movement on your account. The app also has “Anti-fraud technology” that keeps you safe from various online scams.

Skrill and security

When paying with Skrill, you do not have to worry about your money. Skrill is regulated by the UK’s FCA regulatory authority, which controls the flow of money on the internet. Another security guarantee is that it is owned by Paysafe Group, which has been on the market for many years and is one of the largest. The payment method itself provides security, as with an e-wallet, you do not have to enter your sensitive bank details during transactions, keeping them protected. Unlike regular banks, the money you have in your Skrill account is always available – it is not used by the company (e.g., for providing loans) or any third party. Electronic money is backed by real money, and it is stored in a separate bank account, so you should not lose your money even if the company goes bankrupt.

Skrill and fees

Like the entire Paysafe Group, Skrill’s philosophy is clear: to be as cheap as possible for users. However, some fees cannot be avoided. Overview of fees at Skrill:

• Maintaining a Skrill account is free if you make at least one transaction per year; if no transaction is made, the fee is €5.
• A deposit using a bank account or payment card is charged a fee of 1%.
• Deposits using Neteller, Trustly, or Bitcoin are also charged a fee of 1% of the deposited amount.
• Deposits using Paysafecard in the Czech Republic are charged a fee of 5%.
• Withdrawing to a bank account is a fixed fee of €10, regardless of the withdrawal size.
• For payment cards, the fee is 7.5% of the transaction.
• The Skrill card itself will cost €10 per year.
• The fee for withdrawing with a Skrill card is 1.75%.
• The currency conversion fee is 3.99%.
• Sending money to another account has a fee of 1.49% with a minimum fee of €1.

Skrill and limits

Skrill strives to provide the best user experience and therefore tries not to limit users too much. However, Skrill is a regulated payment method, and you will encounter some limits, just like with other e-wallets. Limits vary and depend on your account verification level. Verification is divided into steps, and with each step, the limit increases. Additionally, your limit increases by using and reaching new levels, which you achieve when exceeding set amounts. There are Bronze – €240,000, Silver – €600,000, Gold – €1,800,000, and Diamond – €3,600,000 levels. If you do not have any of these levels, your limits will be:

• ATM withdrawal – €10,000.
• Daily limit at merchants – €40,000.
• Card usage fee – €10.
• ATM withdrawal fee – 1.75%.

Advantages

• Fraud prevention – protects your bank details from fraudsters.
• Speed – payments are almost instant.
• Security – keeps your electronic money safe with encryption.
• Support – Skrill offers 24/7 customer support.
• Withdrawals, deposits, and transactions – can be done anytime and anywhere.

Disadvantages

• Limited usage – Skrill is not the most common payment method, and not all merchants support it.
• Fees – Skrill is associated with various fees.

Review

We rate Skrill positively, mainly due to its simplicity, security, and speed. We definitely consider Skrill a very interesting alternative to regular bank accounts and recommend it especially for those who frequently send money to foreign accounts and want to simplify transactions. Our positive review is supported by the fact that Skrill offers the possibility of a payment card and cryptocurrency trading.

Michael Cermak

Article author – expert on bookmakers Follow me: LinkedIn | Facebook E-mail: michael@slothbet.com I started gaining experience in sports betting through my work in the customer support of a foreign bookmaker. It didn't take long before I started betting actively myself. This has continued to this day. Besides thematic articles, I look for interesting bonus offers and valuable odds for you. You can find all articles here. About us | Contact and cooperation