Is Skrill Right for You? This In-depth Review Will Reveal All

Once you have explored all the free casino games around, you are going to want to deposit some real money on your account. Here is a review of a popular e-wallet: Skrill. Skrill is a highly rated e-Wallet that gives its customers the chance to transfer their money domestically and internationally. Below you will be able to find everything that you need to know about this popular banking method. If you want more information, I advise you to read this review of Skrill India

The History of Skrill

Skrill was first launched back in 2001 and it was one of the very first e-Wallets out there that allowed for Internet-to-Internet transactions. To start with, they allowed their customers to only transfer money to fellow Skrill users, but they then decided to add other services such as the option of being able to withdraw money straight from your bank. The reason why Skrill has become so popular is because it can be used in more than 200 countries and accepts over 40 different currencies. Skrill is not an extremely popular banking option for those who want to deposit money at an online casino. More than 40 million people use it all over the globe and they have now become PayPal's biggest rivals.

How to Open a Skrill Account

Visit the Skrill website and click on the "Register" button that can be found at the top-right of the homepage. You will then be asked to fill in your name, email address, and then choose a strong password. After you have done this, you will be taken to another page where you will be asked to enter your country of residence and then choose the currency that you want to use. You should select the currency that you use otherwise you will be subjected to exchange rate fees.

Once this step has been completed, you will be taken to a third page where you will have to choose your preferred payment option. Once you have done this, you will have to enter some more personal data. After this step has been completed, you will have your very own Skrill account.

You Then Have to Verify Your Account

Until you have verified your new Skrill account, you will find that there are restrictions in place. So, how do you go about verifying your account? Well, you will be glad to hear that the process is pretty simple.

The first thing that you will have to do is go on the settings page, click on "Account Verification", and then click on "Verify Now". You will then be able to use a webcam to take a photo of your driving license, passport, or ID card. After you have done this, you will then have to take a selfie with you holding a white piece of paper that has the date written on it and the word "Skrill". If you do not own a webcam, then you will have to upload photos of the documents that they require.

What Payment Options Can Skrill Users Make Use of?

When you have your account set up, the next step is to choose a payment option. Below is a list of the different options that are available to you.

1. Debit card
2. Credit card
3. Klarna
4. Paysafecard
5. Bitcoin
6. Trustly
7. Bank transfer

If you choose the bank transfer method, you will be given the bank details of the account that you need to send the money to. You will also receive a customer reference number - you need to add this number when you are making the bank transfer because failure to do so will usually result in your transaction not being processed.

What Fees Are There for Skrill Users?

When choosing a payment method to use, you should always take the fees into consideration. All the fees that you will encounter when using Skrill can be found below. We recommend that you pay close attention to this section.

Deposit fees: When you deposit money into your account, there will always be a fee that you have to pay. At the time of writing, the fee was 1% of the total cash value deposited.

Withdrawal fees: If you withdraw money into your bank, you will be charged 5.50 euros each time that you decide to make a withdrawal. This is expensive when compared to the likes of PayPal as they do not have withdrawal charges. Furthermore, if you want to withdraw your money to a credit or debit card, there is a 7.5% fee, which is quite high.

Transfer fees: If you would like to transfer money from your account into another Skrill account, there is a 1.45% charge in place. This is cheaper than with PayPal as they have a fee of 2.90%. To add to this, you need to keep in mind that if you are going to be sending money to someone that uses a different currency, you will pay any exchange fees that occur.

The Pros and Cons of Using Skrill for Sports Betting

Below we are going to take a quick look at the pros and cons of using Skrill for betting on sports.

Pros

Easy to use: It is quick to sign up for a Skrill account and even those who are not good with technology will find it easy to do. You should have your new Skrill account up and running in 5 minutes or less. When you have your account set up, adding funds to it is also extremely easy.

It is secure: Each transaction is processed using very high standard encryption security. Therefore, if a third party were able to get their hands on it, they would not be able to decode the information. Therefore, when you are using Skrill you do not need to worry about any of your money getting stolen.

Available all over the world: As we touched on above briefly, Skill can be used in more than 200 countries around the globe. Therefore, no matter where you are, there is a very good chance that you can use Skrill.

Cons

High fees: The fee issue was obviously going to be listed here, but since we spoke about it in detail above, we do not need to delve into it once again.

No live chat: If you have a problem with your account and need to speak to an agent to get the issue resolved, you can call them or send them a message from your account. You will often get a reply to your issue within a day. However, we think that it would be much better if they had a live chat available.

Skrill Mobile App

If you have a Skrill account, then we recommend that you download their mobile app. The app is available for Android and iOS users and allows customers to check their balance, withdraw and deposit money, send transfers, and buy and sell cryptocurrency. The app is extremely user friendly, meaning that you will have no issues when it comes to navigating around it and sending money.

Our Skrill Verdict

Skrill is one of the best ways to send and receive money on the Internet. It does not matter where you want to send money to, you will be able to do so extremely easily. The only thing that we do not really like about Skrill is the high fees. However, overall, it is fair to say that there are more positives than negatives, so it is definitely a payment method that you should consider.