So, what is Skrill?
Skrill is an e-wallet system that was originally created for depositing and withdrawing money from the users’ online casino accounts. Back then, it was called Moneybookers and it provided services only within the online gaming industry. However, as the number of satisfied customers grew, the services offered have also significantly expanded; now you are not restricted to only using it for managing online casino Skrill deposits and withdrawals, but also it is widely used for making online purchases, sending money to a friends or even receiving pay checks. Essentially, you can use Skrill for whatever you want. Just link your bank account and you’re good to go.
This solidified success story of the Skrill payment method led to the acquisition by Paysafe Group in 2015 and the company has been the part of the group with Neteller and Paysafecard ever since.
Start Using Skrill for Online Casino Deposits
Now, how does one start using this payment method, you may ask. Well, it is quite simple, actually. The first step is, of course, opening up a new account on their website. Quite fast and easy. You will be asked to submit standard information like your name, email address and a password. Once the first step is done, all that is left to do is to make the first deposit - via manual bank transfer or your credit card, and you’re all set!
Skrill Deposits and Withdrawals
Manual bank transfers take up to 5 days, whereas transferring money from a credit card is processed instantly. On the other hand, withdrawing money from your Skrill account can take up to 1 day, which is a lot faster than other traditional payment methods. As for money transactions, just go to the online casino’s Deposit page and choose it from the list of payment methods available. Choose the amount that you wish to deposit and wait for it to appear in your casino account. The same goes for withdrawals. When you wish to collect your winnings from your online casino account, just click on the payment method in the Withdraw page and wait for it to come through. Depositing money will be processed instantly, and the withdrawal period is, as mentioned, up to one business day, but it tends to differ from one casino to another.
A Word or Two on Fees
There are some fees involved for using Skrill, of course. Although the setting up of the account and maintenance are free, other features such as its Digital Wallet, Chargeback, Withdrawals, and quick Checkouts will be charged. There is also the currency conversion fee and Minimum Processing Fee which sometimes may be a bit on the high end. However, the information about fees are not explicitly mentioned on the Skrill’s website, so it is best to check with them before setting up the account just so that you could be sure.
Harnessing Technology for Gaming Purpose
As mentioned above, Skrill Casinos are very popular within the gaming community. A great number of players opt for this type of money processing service and it should not come as a surprise to learn that there are more than 280 online casinos that accept Skrill payment method.
Some of the biggest Skrill online casinos include Spinia, LeoVegas Casino, Casumo, Casimba, Mr Green Casino, to name but a few. And those that aren’t using it yet, are sure to add it to their list of options. What is important to note is that most of the casinos that accept Skrill, also offer numerous exclusive casino offers and bonuses. Those bonuses vary from casino to casino, but they will most frequently include Free Spins to be used on specific slots, or Bonus cash for poker, as well as an up to 100% on your first online casino deposit.
Main Advantages of Using Skrill
The reasons for choosing Skrill are indeed abundant. The main reason, though, is because this service is fast. Knowing that time is nowadays considered a luxury, being able to store or take your money with minimum time expenditure can be life-saving. A big plus of Skrill is also the work and effort they invest in the security of each transaction and customer information with 2-factor authentication. There is no risk of fraud whatsoever. It is FCA-authorized, so rest assured that your info and funds are in good hands.
Some customers may find it lacking due to the fees, especially the currency conversion fee, and the fact that not every casino accepts the Skrill payment method but that is sure to change in the future. But wait! There’s more working to its favor
- Numerous e-commerce platforms support - Shopify, Magneto, etc.
- Group payments - Sending payments to different people all at once.
- Reccuring payments
- One-click checkout
Skrill is often compared to PayPal, but the difference to Paypal is that it is available in significantly more currencies, whereas other criteria are fairly similar.
The general impression in relation to using Skrill at online casinos is rather positive. For the services they offer, they will charge fees that are not to be overlooked exactly, but the efficiency, reliability and security do not exactly have a price.
Taking into consideration the simplicity, the time factor and the fact that it is available in various currencies, choosing Skrill as your online casino payment method is a really good decision. Let’s not forget that the list of casinos that accept Skrill is also ever-growing! There might be some points they could pay more attention to, but with a good reputation and years of solid work behind them, they will continue improving their services undoubtedly.