Skrill (Moneybookers) Review

Skrill

Although online gaming has seen an explosion in recent years, there are still various complicated and often frustrating deposit and withdrawal methods featured by the best bookmakers. This is where Skrill (Moneybookers) comes into the picture.

They provide you with a FREE digital wallet, which you can use to upload and withdraw funds to your gaming account instantly. You only have to wait a few seconds for the money to appear in your real money account. Withdrawals happen in a similarly smooth and instant manner.

So basically you always have direct access to your funds.

What does this mean for bettors & punters?

You can instantly withdraw funds from any online bookmaker and deposit into another one, without any charge. Betting online then becomes much more convenient, safer & faster, and hitting the best odds all the time comes with ease.

Uploading money into your Skrill (Moneybookers) account won’t cost you a dime if you use a bank transfer for it. The most it will cost you is a flat fee per withdrawal. This is a small fee to get additional benefits that your account provides:

Instant deposits and withdrawals; pay & play.
Accepted by virtually all online gaming operators.
Exclusive bonuses.
Instant access to funds with the Skrill (Moneybookers) Prepaid MasterCard®.
Benefit from customer support in 12 languages and 24/7.

Even more benefits are available to you when you become a VIP. If you transfer more than €5,000 per month to websites and you want to move money in multiple currencies without limitations and save money on your transaction cost, then you qualify as a VIP. Other benefits include a personal account manager that speaks your language, invitations to special events and promotions such as tournaments, cashback campaigns, bonuses and more.

With direct processing and instant payment notifications, excellent customer support and along with zero setup fees or monthly minimums, this service is second to none. Finally, you can also top up your Skype, pay on eBay and use it in more than 70,000 online shops!

How to open and verify a Skrill (Moneybookers) account

Signing up for an account is easy and will only take a few minute. Choose Personal account sign up and enter the details as shown on below model.

Sign-up Step 1
Sign-up Step 2

Verifying your account

After you have opened your account, in order to fund your account, you must verify the account. To ensure that you are the account holder, an e-mail will be sent to you with a verification code. (Note: It may take up to two days for customers to receive the verification code) This code must be used to activate your account. An email will be sent to your registered email address with instructions how to activate your account by using the verification code provided. You can also view in the model below the registration page inside the account.

Once your account has been activated you can choose to register a credit/debit card for your account. Click on Register Card as shown on below model. When the details of the card(s) have been entered, Skrill (Moneybookers) will withdraw an amount between 1.01 and 2.99 (according to the currency of your account).

Sign-up Step 3
Skrill (Moneybookers) Sign-up Step 4

Check your bank statement for the specific amount that has been taken out, and write that amount inside the section, as showed in below model inside your account.

Sign-up Step 5

You need to check your account (as seen above) and see in what currency the system wants you to enter the verification amount – then you need to find this amount in your statement & place it in the field.

Note: if in your online banking account you don’t see the amount in the currency you are requested to enter – you may need to wait for your monthly statement (in paper) to find the transaction and see the original amount withdrawn.

If you are verifying a bank account (not a card) the process is practically the same. It is just that you need to enter the code of the transaction (not the amount deducted).

Once your account has been verified you may start using your account to send and receive funds online. Receiving funds to your account is free of charge and usual fees for making a withdrawal is generally €1.80 for bank transfer and €3.50 with a check. The verification process also allows your account’s limits to be raised.

Overall Rating : 5 out of 5
Sign-up for your FREE digital wallet!
Skrill (Moneybookers) review by Betshoot updated on Dec 21
Moneybookers review

Frequently asked questions

Is Skrill (Moneybookers) safe?

Absolutely, they are regulated by the British Financial Services Administration FSA. That means that they have to comply with a whole set of some of the most stringent requirements concerning risk prevention and consumer protection. For your financial transactions, They employ powerful 128-bit SSL technology, the same kind the banks and share trading services are using for their online operations. When push comes to shove, they are probably more secure than any other funds transfer solution, because they never reveal sensitive information (like your bank account or credit card number), not even to the person to whom you transfer funds.

Can I have several accounts?

Absolutely not. In order to prevent fraud and money laundering, their top priority is to make sure every customer possesses a single account.

Can I send money abroad?

Definitely. As a matter of fact, they represent one of the most cost efficient and hustle-free way to send money abroad.

Can money be sent to a person who does not have a Skrill (Moneybookers) account?

Yes, the person doesn't have to be a Skrill (Moneybookers) account holder when you send him the money, but he does have to open an account to be able to cash out.

How much their services cost?

Transferring money from your bank account to your account costs nothing. If you use a credit card though, there's a 1.9% fee. Sending money to someone incurs a commission of 1%, up to a maximum of EUR 0.5. Receiving and requesting money is free as well. Withdrawing money to a bank account will cost you exactly EUR 1.8. Withdrawing via a cheque carries a flat fee of EUR 3.5. As you can see the costs are more than reasonable indeed.

How do I get an account?

Click here to sign up for your account. It takes 3-5 minutes to set up a new account, and it's really straight forward. Just follow the instructions as you proceed.

Are there any transaction limits?

Yes, there are, but you can expand these limits through various verification methods, to the point where the limits will not pose an impediment anymore. You can go to your account and check your current limit through the "View limits" link. That same page will also offer you recommendations towards increasing your current limit. You can have NO outgoing transaction limits and increased credit card limits by beign a VIP.

Sign-up for your FREE eWallet!

How to become a VIP

Need to move your money quickly, securely and at low cost? Want freedom with your funds and to transfer money without limitations? Then you need to be a VIP!

Requirements

Transfer more than €5,000 in 30 days to different merchants

Benefits

Here are the benefits we already experienced after checking their services to update this Skrill (Moneybookers) review :

No outgoing transaction limits… move as much money as you want. Increased credit card limits… deposit money with more freedom. Free deposits and withdrawals… no charges for sending and receiving money to and from your account. Lower exchange rates… benefit from special rates with your VIP status. Personal VIP account manager… enjoy a tailored VIP service to help you with anything you need. Free security token… increase your account security at no extra cost. Special events and promotions… tournaments, cash-back campaigns, bonuses and much more throughout the year. The VIP loyalty club (invite only)… access an exclusive range of rewards and benefits.

If you meet the requirements, simply send an email to vip@moneybookers.com. The VIP team will get in touch with you and activate your VIP account.

Prepaid Mastercard

Skrill (Moneybookers) Prepaid MasterCard

This is a reloadable prepaid card which is a great way to stay on top of your spending. With it, you have instant access to the funds on your account - anytime, anywhere.

You can choose between 4 currencies (EUR, USD, GBP and PLN) and with the card you can:

Withdraw cash at over 1.5 million ATM's worldwide Shop online and pay at over 28.5 million stores or restaurants Use your card everywhere MasterCard is accepted

On top of this you benefit from:

No credit checks, tie-ins or monthly fees No overdraft or late payment fees No debt - spend only what you can afford

The card is directly linked to the funds on your account, just like a debit card is linked to your bank account. It is ideal if you don't want a credit card, or can't get one because you don't have a bank account or your credit rating isn't strong enough.

Furthermore, it gives you instant access to the money you receive in your Skrill (Moneybookers) account, eliminating the step of having to transfer money from your Skrill account to your bank account - so no more waiting for bank withdrawals!

The card is a reloadable prepaid card, which means there is no interest, no overdraft or late payment fees. There is no risk of accumulating debt, and there are no credit checks or even a bank account required to get a card. With the MasterCard®, you can only spend the money in your account.

*This card is available for European Union residents.

Thanks for reading our Skrill (Moneybookers) review!

Prepaid Mastercard