Skrill is one of the first electronic wallets on the market. In fact, it dates back to 2001, during the .com bubble, although it survived - and successfully - the first major crisis in the digital world. It is based in London, but has offices throughout Europe and the Philippines, in addition to having more than 25 million users. Its relationship with the gaming world is very close, as it was the preferred method for many users to deposit funds in casinos and online poker rooms for a long time, a success that was repeated in betting.
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What is Skrill?
As we've mentioned, we are dealing with an electronic wallet, which is a platform that acts as an intermediary between your bank account and the betting house. This way, the bookie doesn't become aware of your bank details, which remain safe. Needless to say, using Skrill is completely safe and should not cause you any problems. To open a Skrill account , simply enter our email address and choose a password. Once registered, it's time to deposit funds.
To do so, we have several options, and in all of them, we will have to face a 1% commission: bank transfer, VISA, MasterCard or American Express cards, PaySafeCard, Neteller, Trustly... Many of these methods can also be used in betting houses. When withdrawing funds from this e-wallet to our account, we can request a bank transfer (which has a commission of $5.50) or use VISA (which has a commission of 7.50%).
In addition, Skrill offers a VIP service to customers who deposit certain amounts per month and in that case there are no fees. However, it is important to note that fees only affect Philippines when depositing into our Skrill account or transferring funds from Skrill to our checking account. When it comes to deposit in bookmakers, we do not have to face any fees and the money will be available immediately.
Bookmakers with Skrill
It is quite difficult to find a betting house that does not accept Skrill as a payment method. The list of betting houses that accept Skrill as a payment method are Luckia, MarcaApuestas, PAF, Bet365, 888Sport, MarathonBet, Betfair, William Hill, Bwin, Betway, Betsson, BetStars, ViveLaSuerte, Pastón, Circus, Interwetten, Goldenpark and Casino Gran Madrid.
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When depositing funds, the money will reach you immediately. All you have to do is meet the minimum deposit requirement, which can range from $5 to $10 depending on the bookie. It's a different story when requesting a withdrawal of funds. Generally, the sportsbook will transfer the money immediately, although it be withheld for a few hours or even 2-3 days if there's a weekend in between, until our identity is confirmed.
How to deposit via Skrill?
Making a deposit with Skrill is very easy. The first thing we need to do is log in to our preferred betting website and go to the “Deposit” section. There, we will see a menu with different payment methods, so we need to select the Skrill option and enter our Skrill email address and the deposit amount, always keeping in mind the limits set by the betting website.
Once this information has been entered, the betting house will direct Philippines to Skrill to complete the deposit with the funds we have in our electronic wallet. You will need to enter your password and choose whether to deposit from your balance in that account or with a credit card. When ready, review the transaction carefully and click to pay so that the money arrives in the gaming account in an instant.
How to withdraw funds to my Skrill account?
To withdraw funds via Skrill, just like to make a deposit, the first thing to do is to log in and go to the "Withdrawal" section or equivalent of the betting site. Once there, we have to select Skrill as the withdrawal option and repeat a similar process to the deposit. However, it's possible that the betting site require Philippines to have made a deposit via Skrill before we can request a withdrawal.
Remember that the withdrawal amount must be above the limit required by the betting site, or they will refuse to process the operation. Before making any withdrawal through Skrill, it is advisable to check how long it takes for the funds to be transferred from the gaming account to the Skrill account, as some bookies offer immediate transfers while others take a few hours. However, this waiting time is for security reasons and to ensure that you are the owner of both accounts.
Advantages and disadvantages of using Skrill
Skrill has its strengths and aspects it should improve, just like with other payment methods, so let's take a look at the pros and cons of this method:
- Available in the majority of betting houses
- We can use it to withdraw funds
- 100% secure
- No commission on depositing or withdrawing at bookmakers
- Enjoy instant money
- Commission-free VIP program
- It is essential to register to use it
- Commissions when transferring or withdrawing money from your bank account to Skrill
- Sometimes you have to wait to receive the money
Given what we've seen, Skrill is becoming one of the most interesting payment methods for depositing funds or withdrawing winnings at betting sites that have enabled this method.
If Skrill owes part of its fame to the success gained among online casino and poker players, it must be for a reason. We are facing one of the most popular methods among the most experienced online gamers; an electronic wallet that allows Philippines to deposit funds and withdraw winnings from our gaming account without having to provide our bank details to the betting company. And the best part is that almost all operators in the market allow Philippines to use this method to deposit and withdraw funds.
Just like everything in life, there is always room for improvement, such as the commissions we pay when depositing money into the electronic wallet, but overall, the experience is very positive. You can deposit and withdraw funds instantly, with no commissions from the betting house, 100% securely, and all we need is to register with an email address and password.
It will only take a few minutes to create a Skrill wallet and transfer all your payment data to one place. You can choose from 40 currencies.