How to Withdraw Winnings With Skrill
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Wondering if you can withdraw your winnings with Skrill? Whether you’re new to online gaming or looking for a more convenient withdrawal method, Skrill is a popular choice for many players. With its fast transactions and widespread acceptance, it’s no surprise that it’s a go-to option at many online casinos.
If you’re interested in exploring casinos that accept Skrill, check out our list of Skrill casinos to find the best options for your next withdrawal. Ready to cash out? Let’s dive into how you can withdraw your winnings with ease!
- How to Withdraw Funds with Skrill from Your Online Casino Account
- How to Withdraw Money from Your Skrill Wallet Safely
- Skrill Overview – Get to Know the Provider
- The Simple Process of Opening a Skrill Account – How to Do It
- Skrill Processing Time: How Long Do Skrill Withdrawals Take?
- Taxes & Conversion Fees to be Aware Of
- Optimal Solution for UK Gamblers – Choose Skrill!
How to Withdraw Funds with Skrill from Your Online Casino Account
You can withdraw any funds using Skrill at any online casino in the UK, whether from redeeming your casino bonus or your direct winnings from playing casino games.
- Navigate to the casino you are registered with and log into your account;
- Navigate to the cashier page or banking section of the website and click on withdraw;
- Ensure the casino website accepts Skrill;
- Select Skrill as your preferred payment method;
- You will be required to specify the actual amount you would like to withdraw from your casino account;
- Enter the amount and click on the withdraw button;
- You will be redirected to a page where you will be required to login to your Skrill account;
- Confirm the transaction, and now you wait for it to drop in your wallet.
There is no fixed timeframe for Skrill processing across all casinos. However, one thing that has been established so far is that deposits and withdrawals via Skrill are among the fastest payment options in gambling.
There is no fixed timeframe for Skrill processing across all casinos. However, one thing that has been established is that deposits and withdrawals via Skrill are among the instant withdrawal methods for UK players.
How to Withdraw Money from Your Skrill Wallet Safely
As we have already explained above, Skrill is not a banking account. It is just a wallet where you can store money to process numerous online transactions. So, at some point, you might want to transfer or withdraw the money from Skrill. Follow the steps below to make that happen:
- Login to your Skrill account on your browser;
- Navigate to the withdraw section of the website;
- Select your preferred payment method;
- You will be required to enter the details of the payment method you are opting to cashout with;
- Confirm the transaction to finalize the transaction.
One of the upsides of using Skrill to withdraw funds from your bet endeavors is that it accepts a wide selection of payment methods, including bank transfers in online casinos, debit/credit cards, or even crypto. This flexibility sets Skrill apart from most of its competition.
Before you can use your bank account to withdraw from Skrill, you must verify it. This action reduces the possibility of fraud. You must submit some documentation, including your utility bill, valid ID, and a selfie with your ID held next to your face.
Skrill Overview – Get to Know the Provider
Formerly known as Moneybookers, Skrill is simply a digital e-wallet for online casino payments that serves as a bridge for users to process deposits or withdrawals. Customers can fund their wallet via their preferred banking method or withdraw funds into their wallet to be cashed out via their preferred banking method.
Skrill is accepted in over 100 countries globally, which explains why it is heavily patronized by users worldwide, alongside competitors like Neteller. For a deeper look at how Skrill compares, check out our Neteller vs PayPal comparison.
The Simple Process of Opening a Skrill Account – How to Do It
Obviously, you must create an account before exploring the perks and exclusive bonuses of using Skrill to deposit or withdraw money at your favourite casinos. Here are steps detailing how to go about that:
- Navigate to the official Skrill website and click on the register icon;
- On the next page, you have to add your details like name, email address, country, currency and password;
- Once you fill in your information, the platform will send you a link;
- Click on it to verify your account;
- Now, go back to the website and enter your login details to access your e-wallet;
- You will be required to select the main reason you will be using Skrill;
- Do that and click on the Get Started button to proceed;
- You will be redirected to a form where you will be required to fill in more of your personal information, including home address, phone number, city, postal code and date of birth;
- After that, you must verify your number;
- Create a PIN to secure your account further;
- Add funds to your wallet so you can start using it for Skrill deposits;
- Now, your wallet is active and can be used as your preferred payment method on online casinos that accept it.
Skrill is accepted in over 100 countries globally, which explains why it is heavily patronized by users worldwide, alongside competitors like Neteller. If you prefer, you can also explore Neteller casinos UK or MuchBetter gambling sites for similar e-wallet services.
Skrill Processing Time: How Long Do Skrill Withdrawals Take?
Generally, the processing time for Skrill withdrawals into your bank account can take up to 2 days. If you’re impatient to get your money, you could consider selling the Skrill funds to a trusted exchanger for faster processing. For a comparison of withdrawal times across different methods, check out our guide on how to withdraw winnings instantly.
If you can’t wait that long, you can sell the Skrill funds to an exchanger and have them send the value directly to your bank account. This hastens the process. We advise you only patronise trusted exchangers to avoid being defrauded.
Taxes & Conversion Fees to be Aware Of
Some new UK casino sites may have a cash-out tax, but it usually depends on the sum and payment method. These taxes are usually around 2%, but the Skirll platform has some fees.
Generally, if you withdraw funds from your Skrill wallet via another payment method, you will be expected to be charged per transaction. The charges vary depending on the payment method you opt for. Withdrawals via bank account could take from 3.5%; however, via card, they could take as high as 7.5%. Based on research, cashouts via crypto tend to be the cheapest as they are pegged within the 1.5% range.
The ridiculous rates charged on withdrawals, especially with cards, is one disadvantage users have criticised.
Optimal Solution for UK Gamblers – Choose Skrill!
In summary, Skrill provides a convenient e-wallet solution for UK casino players for depositing and withdrawing funds from online casinos. Its global acceptance and user-friendly features make it a top choice for UK players.
While Skrill withdrawals can take 1-2 days, it remains one of the fastest and most reliable cash-out methods. Despite minor drawbacks like withdrawal fees, it’s highly recommended for gamblers looking for efficient and secure transactions.
If you’re looking for alternative options, PayPal casino sites and Trustly online casinos offer secure and fast transactions as well.
