Skrill Betting Sites vs. Neteller Betting Sites
Skrill and Neteller are top e-wallets used by online gambling websites. They are in the same payment category but there are differences between them. We are going to compare the casinos on either side of the divide and what they offer. We have structured this comparison under various broad headers which will allow us to provide a balanced view. If you are on the fence, this article will provide the information you need to make a definitive decision.
What are Skrill and Neteller?
Skrill and Neteller are e-wallets that facilitate users’ online transactions. They allow you to create an account, make deposits, and send money anywhere online. They are loved by online gamblers because of their ease of access. Accounts are also easy to create and there is little to minimal verification process needed. These e-wallets are also praised for their privacy efforts and how they protect the personal information of their users. Many online gamblers prefer using these e-wallets, especially when engaging with Skrill betting sites, due to the seamless and secure transaction process they offer. A fun fact that most people don’t know is that both companies are owned by the Paysafe Group.
How They Compare
We are going to compare both of these e-wallets below. We have chosen the important categories that affect users making payments. The iGaming industry has been transformed by these services, and here is how they both stack up against each other.
Deposits and Withdrawals
Skrill is very cheap and you can deposit into your account without incurring charges. Where you will have problems is withdrawals, as their fees are slightly higher than deposit fees. As with deposits, there are some methods you can use to avoid paying withdrawal fees. The highest percentage you can pay for deposits is 5% but bank transfers are free.
Neteller is slightly more expensive than Skrill when it comes to deposits. You will pay between 0% to 5% for deposits depending on the method you use. On the withdrawal side, the fee is higher than Skrill. There are no free ways to withdraw money from Neteller which is a huge let down for players.
In this category, Skrill comes out on top as the champion. It offers lower fees among the two and offers free methods for deposits and withdrawals.
Bonuses and Promotions
The bonuses and promotions available at both types of casinos are fairly equal. Welcome, reload, cashback, deposit, and referral bonuses are all available on both types of betting websites. Where you can begin to differentiate the bonuses is the value and terms. There are mixed results among both types of betting websites but it is not easy to separate them. You should decide what is important to you in bonuses to help you decide if it is the best deal for you. Always look out for the wagering requirements. Steep requirements should be avoided because it becomes difficult to withdraw the bonus.
Available Games
Casino games and betting markets are the cornerstones for any gambling operator. It is important to have popular categories available for players. Skrill and Neteller betting websites also share points in this category. You can find the best leagues and biggest sports tournaments available at both types of betting sites. There are also live betting options for bettors to make predictions on live matches.
On some of these websites, you can stream these matches which raises the fun and entertainment. Skrill and Neteller accounts do their best to provide an optimal gambling environment for their users. This is why they add the latest betting features and games frequently. Some of the available sports include rugby, football, basketball, tennis, and cricket.
Available Currency
Skrill comes out on top in this category by giving their users support for up to 40 currencies. This allows players from many parts of the world to participate in online betting activities seamlessly. Lack of currency support can mean high conversion fees for players. To avoid these fees, more players are encouraged to use Skrill.
Neteller supports the major European currencies and not much else. This is fine if you live in Europe’s major cities but troubling if you do not. The service loses out in this category because it does not support enough currencies for players. This means that users may have to pay currency conversion fees depending on where they live.
Added Charges
Skrill is the less expensive option for added charges. They charge you £1 every month if you leave your account inactive for a year. This means that users are encouraged to use their accounts actively to avoid paying these fees. Neteller, on the other hand, charges you £1.80 pounds every month if you leave your account inactive for 14 months. Although this is two months more than Skrill, the monthly payments are more, and it would be more expensive for players to manage the costs on their accounts. Skrill is the better option if you might be leaving your account unused for long periods.
Safety and Security
Both services score highly in this category. You can trust that gambling on these websites is safe. They are registered by the relevant authorities and follow their guidelines. Your personal information and funds are safe, as their encryption is to the highest standards. Some of the security technologies used by these casinos include SSL (Secure Socket Layer) Certificates and 256-bit encryption technology. If security is your concern, then you cannot go wrong with either casino type.
In this article, we have examined both Neteller and Skrill betting sites. From our research, we have found that Skrill is the winner of the most categories. Fees were the biggest differentiator, with Neteller being slightly more expensive. If you are particularly concerned about how much you will have to pay, then Skrill is the way to go. If you are more particular about other factors, then you can consider Neteller betting websites.