Skrill betting sites in New Mexico

Table of contents

Among the many payment methods available for betting sites in New Mexico, Skrill is among the most popular. This digital wallet is a natural alternative to PayPal and many users believe it is more convenient and efficient than using bank transfers or debit/credit cards to fund their sportsbooks and apps. Moreover, it is the successor to Neteller, a once popular e-wallet in the USA that had to withdraw from the market in 2007. Skrill’s parent company Paysafe, bought up Neteller.

But how good is Skrill for online gambling? In this review, we’ll take a look at what the payment system does. We’ll talk about how to use it with betting sites and see the pros and cons of Skrill’s payment services. Read on for everything you need to know about Skrill betting sites in New Mexico.

What is Skrill?

Founded in the UK in 2001, Skrill has grown into an international digital wallet service available in more than 131 countries. It offers a range of money transfers and online payment services. The Skrill digital wallet, currently operational in 40 countries, is highly regarded. In 2019, Juniper Research handed Skrill its Best Digital wallet award. That same year, parent company Paysafe won the American Gambling Awards Payment Processor of the Year for the digital wallet and its sister product Paysafecard.

Paysafe also took over Neteller, a payment system that stopped operating in the USA in 2007. Thus, Skrill makes a natural substitute for former Neteller customers. In addition to its e-wallet, Skrill also allows crypto trading and a prepaid card service in conjunction with MasterCard.

How do I deposit using Skrill on NM betting sites?

One of the best things about Skrill is how easy it is to use. Setting up an account and depositing funds from the e-wallet to a betting site is quick and simple. Just follow these steps, and you’ll be good to go.

Open a Skrill account. It’s simple enough to get started with Skrill. Just go to www.skrill.com, click on the big ‘Register’ button in the top right-hand corner, and fill in the forms. In a matter of minutes, you’ll be ready to go.
Add funds to your Skrill account. Once your account is up and running, you will need to deposit some funds. You can do this using your existing bank account. It’s a quick and easy process, and once you’ve made your first transaction you can store the details for quicker, easier payments in the future.
Choose a New Mexico betting site that accepts Skrill. You can find a list of licensed betting sites these right here on this website. When you have decided on the one you want to use, click on the link and create an account.
Visit the cashier section and select Skrill. Head over to the cashier section where you will have several payment systems, including Skrill.
Enter how much you wish to deposit. The choice is yours, but keep in mind that sign-up bonuses are often connected to the size of your first deposit. Therefore, it’s often a good idea to start by crediting a big chunk of funds to maximize that bonus. If you don’t want to gamble a large sum, you can always withdraw the money again later.
Confirm the transaction. Ensure the details are correct and submit. You should see the funds appear on your bankroll balance. In addition, you can check that the payment went through by logging into your Skrill account.

Withdrawing to Skrill from a sportsbook in New Mexico

Once you have used Skrill to deposit in an NM sports betting account, making a withdrawal from that account is even easier.

Head to the banking section of the NM sportsbook. Normally, you will find a link to this in the top right-hand corner of the screen. Often, you can just click on the account balance to get to the cashier.
Select Skrill as your withdrawal method. The cashier will offer a selection of withdrawal methods. Click on Skrill to continue your transaction.
Enter the amount you want to withdraw. You may find there is a minimum withdrawal. Also, some sites will have maximum withdrawals. If the latter affects you, try making repeat withdrawals on successive days.
Input your Skrill account information. You will find all the information you need by logging into your Skrill account.
From Skrill, withdraw to either your bank or use the Skrill MasterCard in an ATM. The transfer to Skrill should be almost instantaneous. To get access to cash, use your Skrill account to move your money wherever is most convenient for you.

Upsides of using Skrill on NM gambling sites

There are many good reasons for customers at online gambling sites in New Mexico to use Skrill to fund their gambling.

Your banking information is kept private. Some banks are reluctant to handle transactions with gambling sites. Others see frequent betting transactions as a red flag when customers apply for credit. With Skrill, both your bank and your betting provider deal with a third party, so there are no questions about where your money goes.
Extremely fast deposits and withdrawals. The beauty of e-wallets is their speed. Transactions are more or less instant, meaning you don’t have to wait around for money to drop into your account when depositing or withdrawing.

Downsides of using Skrill on NM betting apps

There are several good things about using Skrill betting apps in New Mexico, but nothing in life is perfect. Unfortunately, there are a couple of downsides as well.

Not every betting site in NM accepts Skrill. There are several rival e-wallets on the market, and some sites prefer to work with competitors such as PayPal. If you plan to open accounts on several different gambling platforms, you will probably need to operate a variety of payment systems to service them.
High fees compared to other methods. Most betting apps levy a transaction fee on each withdrawal or deposit via Skrill. This is typically around $5 a time. Other transaction methods have lower fees and several of them are free of charge.

About the Skrill MasterCard

Currently available to customers in Europe, the Skrill MasterCard is a reloadable, prepaid card operated in conjunction with MasterCard. Cardholders can use it to shop online and in stores. In addition, they can withdraw cash from any ATM that is part of the MasterCard network.

At present, the Skrill MasterCard is not available for use with gambling services, whether retail or online. However, it would be possible to use a Skrill card to send funds to an e-wallet and then on to any betting site which accepts that wallet.

FAQ

Which betting sites in NM accept Skrill?

Many leading U.S. betting sites accept Skrill, including Caesars, DraftKings, BetMGM, and Bet365. Keep checking back to this site for updates as more companies decide to add Skrill to their payment options.

How do I check if a sportsbook in New Mexico accepts Skrill?

You can find Skrill sportsbooks in New Mexico on this site. In addition, if you are interested in creating an account with a particular sports betting site, you can find out more in their FAQs. Search for 'deposit methods, and you'll get a full list of all acceptable banking options.

What is the Skrill VIP program?

The Skrill VIP program offers additional rewards to customers who trade crypto via their Skrill account. It offers lower fees, higher transaction limits, and invites to exclusive VIP events. However, VIP status is not for everyone. It is only accessible to customers who make a minimum crypto trade of €15,000 or currency equivalent each quarter. That is more than many users will want to spend using Skrill.