Skrill is one of the most popular payment methods for sports betting not only in Tennessee but in the US in general. Consequently, Skrill betting sites in Tennessee are quite widespread.

It is true that Skrill offers many comforts to gamblers. However, the most important characteristic of the eWallet is its safety and privacy. This brief will analyze what exactly Skrill is and how bettors can play at Skrill betting sites in Tennessee.

What is Skrill?

Skrill is one of the most popular and widely accepted eWallets in the Tennessee gambling industry, coming right next to PayPal. The platform launched in 2001, and it is available in Europe, the USA, Latin America, Africa, and several countries in Asia. It offers the ability to make fast and safe transactions on all betting sites.

Skrill is straightforward to use, and its super low fees make it very attractive to any player who loves sports betting but wants to keep their banking information invisible. Thus, almost every legal betting site accepts Skrill for financial transactions.

Depositing to a Tennessee sports betting site using Skrill

The process of depositing money to betting sites that accept Skrill is simple on all occasions. Here is our guide on how to make a deposit on betting sites that accept Skrill:

  1. Create an account on Skrill. The process is simple and fast. You have to fill in your full name and contact methods, such as your email and your mobile phone number. Then, you connect your bank accounts to your Skrill wallet.
  2. Fund your Skrill account. With Skrill, you can deposit money via debit or credit card, Neteller, and Bitcoin. The credit and debit card options are available worldwide. If you are using it for the first time, you will have to verify your home address and phone number. Then, you enter your card’s details. In case you want to use Neteller or Bitcoin, you log in to your accounts and type in the amount you wish to deposit.
  3. Choose a Skrill betting site in Tennessee and make a deposit. You will see your funds in a matter of seconds, as the processing time on all deposits at Skrill betting sites in Tennessee are instant.

How to withdraw your winnings to Skrill from a TN betting site

Withdrawing money using Skrill on online sports betting sites in TN is just as easy as depositing. These are the steps you must follow in order to complete a withdrawal transaction at any online sportsbook:

  1. In your TN sportsbook account, tap the withdrawal tab. Then, click on the Skrill option and type in the amount you want to withdraw.
  2. Once the money is in your Skrill account, you have three options. You can transfer it to your bank account, buy cryptos, or withdraw it from an ATM with a Skrill debit card.

Pros of using Skrill on TN sports betting sites

There are many benefits to using Skrill as a preferred payment method. Some of the most important and beneficial pros of Skrill are:

1. Your personal card & bank account is held private

Probably the most important thing a bettor gets with a Skrill wallet is that their personal cards and bank accounts remain private. The platform mainly focuses on privacy; therefore, it provides its customers with absolute confidentiality.

That is, with any other conventional payment method, such as a debit card, you have to fill in your card’s details. Thus, it makes it easier to hack it. On the contrary, paying with Skrill demands only to write your username and password to verify the transaction.

2. The Skrill debit card

The platform offers all the customers a Skrill debit card. You can use this debit card to have instant access to your balance anywhere in the world. The only thing to do is to simply find an ATM. Furthermore, you can use this card to make purchases, like you would do with a Visa card, without having to connect to your Skrill account.

The Skrill debit card is accepted in all ATMs and stores that accept Mastercard. However, there is a small annual fee of $10, but it is worth getting the card, as it will make things much easier for you.

3. Secure and fast transactions

Another pro of Skrill is the security and speed of all transactions. As a gambler, you get to make most of your transactions, if not all, online. So, you need a provider that gives you security since you do not want any personal details leaked. You also need speed, as getting your money as soon as possible is crucial. Skrill offers all these.

Cons of Skrill for Tennessee betting sites

Despite the many pros of the popular eWallet, there is a downside too. Skrill has a couple of cons, and one of them is very serious, and any bettor should consider this before deciding t use Skrill to make deposits and withdraw funds.

1. Fees associated with using Skrill

Unfortunately, Skrill is a platform that charges fees on most online transactions. The percentage becomes bigger as the transferred amount is big. To be more specific, all deposits at Skrill betting sites in Tennessee are free. You do not have to pay any extra fees. Nevertheless, if you wish to withdraw money, you will have to pay up to 5,50% of the amount you are transferring. Moreover, other transactions, such as money transfer, is also eligible for fees.

2. Not all Tennessee betting apps accept Skrill

Another downside of Skrill is that even though it is popular, not all Tennessee sports betting apps accept it. This is mainly because of the extra fees. Usually, online sportsbooks do not want to make you pay any extra money one your transactions.

Thus, they try to offer you options that have zero or very small fees. However, Skrill has high fees. There is a chance you may find it as a deposit option since it does not charge anything extra on that. But it is highly unlikely you will find it as a withdrawal option.

Is Skrill a safe platform?

As aforementioned, Skrill is a very safe platform. It uses triple SSL encryption, which guarantees security and privacy. In addition, there is a two-factor verification process for every transaction. That is, you have to connect to your Skrill account and then also press the notification bell that will authorize the transaction you want to make. Otherwise, you may also receive a text message with a personal code. You need to type it at the pop-up window in order to verify the transaction.

About the Skrill VIP program

Users of Skrill have the chance to be part of the VIP program. It consists of four tiers: bronze, silver, gold, and diamond. You register for it when you create your Skrill account, at no extra cost.

In order to climb up the tiers, you must make a minimum amount of financial transactions every three months. Each tier gives access to exclusive services, such as 24/7 VIP support, much lower fees, special offers, extra accounts, etc. Therefore, if you opt for betting sites that accept Skrill, you will climb up to the diamond tier in no time.

Alternative payment methods to using Skrill when sports betting in TN

FAQ

Are there any fees when using Skrill on Tennessee sportsbooks?

When depositing funds to a betting site in Tennessee using Skrill, there are no fees. However, if you want to withdraw money from your sportsbook account to your Skrill wallet, you will pay additional fees. In addition, some withdrawals from Skrill to bank accounts are subject to extra fees as well. The fee varies depending on the type of account you have, so make sure to read Skrill's terms and conditions in order to find out more.

Is it safe to use Skrill on TN sports betting sites?

Yes, it is completely safe to use Skrill on betting sites in Tennessee. The platform uses triple SSL encryption technology, making it safe and private for online transactions. Moreover, there is a two-factor verification process in order to proceed with any payment. You can find more information under the section Skrill verification process.

How can I tell if a betting site in Tennessee accepts Skrill?

Almost every betting site in Tennessee accepts Skrill. Examples of Skrill betting sites are DraftKings, BetRivers, Caesars, BetMGM, and FanDuel. If you are unsure if a betting site accept Skrill, head over to their cashier sections and you'll see all payment options that are available.