Skrill is a popular payment method used to deposit funds into legal online sportsbooks. We explain how it works and which online sportsbooks offer it as a payment option.
BettingScanner's verdict: 9/10
This sports betting giant has finally arrived on American shores!
The global brand which boasts over 45 million customers worldwide is still a relative unknown in the US, but with the company's track record in other markets, we expect this is just the beginning of their US journey.
Bet365 are operational in the following states:
BettingScanner's Verdict: 8/10
Unibet belongs to Kindred Group - an online gambling operator based in Malta. Unibet launched its website in 1999. The Company now has offices in the UK, US, Italy, Australia as well as many others.
BetMGM is owned by MGM Resorts International, and has expanded their vegas brand across the US, becoming on of the biggest betting sites in the country.
The iconic brand's transition into the online sports betting world has been seamless. Its NJ sports betting app is one of the most highly rated in the state.
Fox Bet was formed in 2019 when The Stars Group merged with Fox.
Fox Bet is now operational in:
Skrill is popular e-wallet that allows you transfer money in and out of your online sportsbook account.
There are a number of benefits to using Skrill including an added layer of security to your transactions and avoiding issues with your bank that may occur when using your debit or credit card.
There are currently four major licensed online sportsbooks that offer Skrill as a payment option. However, as the sports betting industry in the US continues to grow in 2021 we expect to see more sportsbooks sign agreements with Skrill.
Since the US Senate removed the federal ban on sports betting in 2018, around 20 states have chosen to legalize sports betting.
This means that it should be possible to transfer funds to a licensed online sportsbook in a state where sports betting is legal.
The issue is that the US banking system has simply not kept up with the legislation and routinely block payments to online sportsbooks, even though it is perfectly legal.
This is why e-wallets have proven so popular. The bank is happy to transfer money to a trusted service like Skrill and, just like taking money out at an ATM, they do not need to concern themselves with what happens after. You can then transfer your money to an online sportsbook hassle free.
Skrill is a safe & secure payment service that is proving more and more popular with US sports bettors. Here are your most frequently asked questions on the topic.
Yes. Skrill is a trusted, licensed and legal online payment service. You can use Skrill with a number of online sportsbooks in various states in the US.
Bet365 → The online sportsbook is now operational in New Jersey and Colorado. You can both deposit and withdraw finds using Skrill.
Unibet → The online sportsbook and sponsor of the New Jersey Devils accept Skrill payments in New Jersey, Pennsylvania and Indiana.
BetMGM → The company is now the third most popular online sportsbook in the US and available in a large number of states including Virginia, Michigan and Tennessee.
The following online sportsbooks operational in the US, accept Skrill as a payment method for online sports betting:
Bet365 → You can both deposit and withdraw finds using Skrill with the British sportsbook in New Jersey or Colorado.
Unibet → The online sportsbook accepts Skrill payments in Indiana, New Jersey and Pennsylvania.
BetMGM → The company is now the third most popular online sportsbook in the US and available in a large number of states including Virginia, Michigan and Tennessee.
Fox Bet → The online sportbook was one of the first to accept Skrill payments.
You will first need to set up a Skrill account.
Once you have completed your registration, you will need to deposit funds into your account. You can do this with a debit or credit card, via your bank account or with a PaySafeCard.
You will then need to open your sportsbook account and select Skrill as your preferred payment method.
You can now transfer your desired amount into your online sportsbook account.
Yes, there are a number of online sportsbooks that offer Skrill as payment option for withdrawls.
Bet365 → The online sportsbook is operational in NJ & CO.
Unibet → You can wager with Unibet in PA, NJ or IN.
BetMGM → The online sportsbook is live in VA, TN, WV, MI, NJ, PA, IN, IA, NV & CO.
Fox Bet → You can now wager with Fox Bet in Co, NJ, PA or MI.
Yes. Skrill is available to New Jerseyans. The following online sportsbooks in New Jersey offer Skrill as a payment option:
Skrill is one of the most popular e-wallets in the US and for good reason.
The payment service is slick, easy to use and efficient. Payments are seamless and the platform is trusted by banks and large companies.
The question is, why is it such a popular payment method for online sportsbook transactions?
The answer lies in the antiquated US banking system which has caused countless headaches for US sportsbooks since the US Senate removed the nation's ban on online betting.
Despite three years having passed and over a dozen states offering unrestricted online wagering, many major banks will block any form of transaction to an online sportsbook.
This is why a reliable e-wallet service like Skrill is in such high demand.
Skrill is a trustworthy payment methods will excellent ratings on customer review sites such as Trustpilot
Getting verified can seem like a lot of an effort, but it is essential for an industry plagued by fraudsters and illegal offshore bookmakers. The more thorough their verification is, the more legal trusted online sportsbooks and major banks will be willing to work with companies like Skrill.
Skrill will begin by asking you a few questions and you will need to provide your social security number.
You will then be asked to provide one of the following identifications:
Skrill will automatically try to geolocate you with the address you are provided. If you are not currently at that address you will need to return later.
You are here to gamble, not to take selfies. We know. It does sound strange at first, especially when some sportsbooks insist that you use your webcam.
But this is an important step for the security of the US sports betting industry, especially when it's still in its infancy.
This allows Skrill to block any potential fraudsters and in turn build up trust with the major banks. The more thorough the sign-up process is the easier your betting experience will be afterwards, with more payment options available and less restrictions in place.
With a selfie and a valid ID, banks will be much more likely to approve transactions in and out of Skrill and online sportsbooks will let you transfer money in and out of your account with less restrictions.
Before you sign up with your sportsbook, you will should already have set up your account with Skrill.
Once you are verified and you have transferred funds into your Skrill account, you can feel secure that it is a viable deposit and withdrawl method for your sportsbook account.
First, you will want to sign-up to your sportsbook of choice and collect your welcome bonus. This usually comes in the form of bet credits or bonus bets.
Bet Credits or bonus bets are a form of voucher where your sportsbook allows you to spend a certain amount - depending on your initial deposit - in place of real cash after fulfilling any requirements to claim them. There may also be a turnover requirement which means you have to win a certain number of times with the credits before they are considered real cash.
Second chance bet bonuses are also are a great way to try out your sportsbooks product. This promotion acts as a form of insurance on your first bet, meaning that if you lose you will receive a refund as bonus bets that can be wagered again.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Early Payouts & Live Betting
Now SI Sportsbook
Now BetMGM
Some Free to Play Games
Once you have claimed you welcome bonus you will be required to make your first deposit. At this stage, you will need to select Skrill as a payment method.
Your online sportsbook will the verify your Skrill account after which you will be able to make your first deposit using your Skrill app.
Remember you should have read all the information available about your sportsbooks welcome bonus as the amount you will receive is often dependant on your initial deposit.
To withdraw funds you need to first select Skrill as your preferred withdrawal payment service with your sportsbook. Depending on the sportsbook you are using, it can take a few working days before your money shows up in your Skrill account.
Once it is in your account and you wish to transfer it to your bank account, you will need to:
At the time of writing, there are currently eleven states in the US where you can use Skrill to deposit and withdraw cash with an online sportsbook.
New Jersey → Skrill is licensed by the New Jersey Department of Banking and Insurance. You can bet online in NJ with the following sportsbooks:
Pennsylvania → Skrill is regulated by the Pennsylvania Department of Banking & Services. You can bet online in NJ with the following sportsbooks:
Indiana → Skrill is currently engaged in the licensing process with the Indiana Department of Financial Institutions.
Nevada → Skrill is regulated in Nevada by the Nevada Financial Institutions Division.
West Virginia → Skrill is regulated in Nevada by the West Virginia Division of Financial Institutions.
Virginia → Skrill is regulated by the Virginia Bureau of Financial Institutions in the State of Virginia.
Michigan → Skrill is regulated by the Michigan Department of Insurance and Financial Services in the state of Michigan.
Colorado → Skrill is regulated by the Colorado Division of Banking in the state of Colorado.
Tennessee → Skrill is regulated by the Tennessee Department of Financial Institutions in the state of Tennessee.
Illinois → Skrill is regulated by the Illinois Department of Financial and Professional Regulation in the State of Illinois.
Iowa → Skrill is regulated by the Iowa Division of Banking in the State of Iowa.
Visa and Mastercard should be the easiest method to transfer funds between your bank account and your online sportsbook but due to the factious relationship between the US banking system and the online sports betting industry, this is not the case.
The main issue is that banks often do not allow payments to an online sportsbook despite it being perfectly legal. Since 2018, when the federal ban on sports betting was lifted, over twenty states have legalized sports betting. This means that if you are in a state where sports betting is legal you should be able to transfer funds via your Visa or Mastercard. Now, this does happen, but more often than not you are simply blocked from making that payment, and authorization can seem arbitrary.
Withdrawals are even less likely to occur, with online sportsbooks unlikely to offer it as an option. This means that if you do manage to get your funds into your sportsbook account using your card, you are very unlikely to get any winnings back out using the same method.
This situation has eroded trust in the payment method and driven US bettors to pick up alternative payment services such as Skrill or PayPal. This allows them to bypass their bank's restrictions.
Skrill and PayPal are both popular, trusted and safe payment services. They are both widely used in the sports betting industry and we can recommend them both.
In many ways, the user experience is similar; crisp clear instructions and an easy to use interface. It doesn't take more than 30 mins to familiarize yourself with the layouts and understand how the services work.
The main difference is the fees associated with these two different payment platforms.
PayPal charges you when you deposit and Skrill charges you when you withdraw.
PayPal will charge a 2.9% deposit fee to be exact, but only if you send money into your account via MasterCard or Visa. Skrill will charge you $5.50 as a withdrawal fee.
Which one is better? Well, that very much depends on what type of bettor you are. If you want to bet big then 2.9% of your total could be a significant sum of money. However, if you place smaller bets, then $5.50 can be quite a lot for a flat fee.
There is one clear advantage to using Skrill, however, and that is you only pay a fee once you have won money and are attempting to withdraw your funds!
Founded: 27th July 2001
Headquarters: London, UK
Owned by: PaySafe Group
Operated by: Paysafe Payment Solutions Limited
Employees: 500+
Premium Partner: AC Milan
Skrill Deposit Fee: $0
Skrill Withdrawal fee: $5.50
Alternative Deposit methods:
Copyright © bettingscanner.com
Change language
ブックメーカー
