Arbusers

With the rise of crypto, and bookmaker-specific payout solutions, I'm wondering are traditional eWallets like Skrill, Neteller, AstroPay, still relevant in today’s gambling landscape?

With increasing KYC demands, account closures, and even some sportsbooks limiting wallet use, it feels to me like their edge is shrinking rapidly. So, I’m curious:
- Are you still actively using wallets?
- Which ones still work well with the sharp strategies we all know?
- Have they become a liability, or are they still essential tools for serious bettors?

Thank you!

I have a very old Skrill account (from the "moneybookers" times) but I try to NEVER use it, unless there's not other way to fund an account. In my opinion, their abusive hidden fees policy when it comes to international transfers killed themselves; everything it's always "beyond their control".

Up to this day they don't want to be clear about the amounts they or their intermediary banks deliberately charge (this is from personal experience after trying to get a logical explanation from their terrible costumer service). They should be responsible for providing accurate information yet they don't even have or ever had a built-in calculator in their website!.

For me they're more a necessary evil rather than a good option these days, honestly I don't think they offer any value.

I have been thinking the same question lately. My Skrill account is closed, I even post it here. Before that I had never used Crypto/Binance as payment services. Last 8 months I have used crypto for deposit/withdrawing and I am very happy with the speed/charges. It is waaaay more cheap than Skrill.

So in order to re-open my Skrill account I have to provide again and again tons of documents, private information, with uncertain result. NOt that I have something to hide or else - finally I got my TAX form for 2024 which was a major issue back then. But does it wort it? There is one and only one reason to re-open my account and that is PInnacle. They are the only way for me to withdraw money from from there. But as you all know - almost nobody withdraws money from PInnacle, I am no exception.

I wont even talk about all the benefits fintech companies provide - very low charges/exchange rates, additional warranties, IBANs, and much much more. Will this last forever? Ofcourse not, but there will be another solution in the future we don't know yet.
Skrill/Neteller still live in the 2010 when bank transfer were expensive and slow. Times have changed they didn't, and will pay the ultimate price - as its stock price suggests.

eWallets like Skrill and Neteller are still relevant in the online gambling industry, but their dominance has declined due to harsh regulations, market competition, business decisions of various actors (like Bet365 for example), and the rise of alternative payment methods especially in the Fintech industry and cryptos.

But it is 100% true, they are less relevant compared to previous years.

They are still very relevant in Latin America, and parts of Asia still see widespread use and they are especially useful in countries with limited local banking solutions. But, the Tsunami of cryptos is pushing ewallets in the sides. Local payment solutions (e.g., Pix in Brazil, UPI in India, etc) are taking part of the pie rapidly.

In European gambling, they are still used for some niche bookmakers and agents independently, but they are no longer the default choice across the board. I think their time will never come back again for good.

Let me expand some more by quickly mentioning the factors that brought this situation:
- The locusts, linked eWallet users to various types of abuse in the past. Operators took negative position against ewallets.
- Fees, I remember the period around 2020 when fees were changing almost on a weekly basis.
- The restriction of use of the Net+ MasterCard to countries within SEPA, that left users in over 100 countries unable to withdraw cash from ATM's, which leaving them with no other choice but to make purchases with Neteller/Skrill merchant partners or transfer funds to a bank account.
- Bet365's decision to remove ewallets after a certain point. That showed the vast dependence of ewallets from a single operator that could dictate terms.
- Lastly, the Common Reporting Standard looks to me like the last nail in the coffin.

God, these ewallets were/are a 1000 plot story.

Tonton wrote: ↑

Thu May 15, 2025 6:14 am

I wont even talk about all the benefits fintech companies provide - very low charges/exchange rates, additional warranties, IBANs, and much much more. Will this last forever? Ofcourse not, but there will be another solution in the future we don't know yet.
Skrill/Neteller still live in the 2010 when bank transfer were expensive and slow. Times have changed they didn't, and will pay the ultimate price - as its stock price suggests.

May I ask you which service are you using?, I've not used crypto yet, but it seems nowadays everything in this industry it's geared towards it's implementation. Thanks!

Again - it depends on so many factors, most important of which is the country of residence. You have to try it for yourself there are plenty of solutions available - revolute, wise, payz, currencyfair, and many more. Then comes the Exchange choice - again - you have to find what suits you and your regulations - ask your friends who have some prior experience with crypto. How they make deposits/withdraws within exchanges/banks, payment methods again etc, etc.

Start small - do you tests, pass all the KYC procedure in advance. Nothing difficult. The more options the better, it is good to have this tool in your arsenal.

bankster wrote: ↑

Wed May 14, 2025 3:45 pm

With the rise of crypto, and bookmaker-specific payout solutions, I'm wondering are traditional eWallets like Skrill, Neteller, AstroPay, still relevant in today’s gambling landscape?

With increasing KYC demands, account closures, and even some sportsbooks limiting wallet use, it feels to me like their edge is shrinking rapidly. So, I’m curious:
- Are you still actively using wallets?
- Which ones still work well with the sharp strategies we all know?
- Have they become a liability, or are they still essential tools for serious bettors?

Thank you!

Yes. I am still actively using my skrill and Neteller in gambling. But I'm also interested to know which broker offer the lowest fees nowadays