Skrill

Banking is one of the things that are of a huge importance to online gamblers. Each casino before it lets a user to play for real money requires a payment to be made. Additionally, cashing out any winnings is possible only by using one of the offered withdrawal methods. T...

Banking is one of the things that are of a huge importance to online gamblers. Each casino before it lets a user to play for real money requires a payment to be made. Additionally, cashing out any winnings is possible only by using one of the offered withdrawal methods. Therefore, players pay a lot of attention of banking options and carefully pick their preferred ones.

Skrill is an option that is commonly featured at online gambling destinations. This method comes with lots of benefits for gamblers and makes money transactions to and from casinos extremely simple. Thus, it comes as no surprise that Skrill is recognised as one of the top used payment methods at online casinos worldwide.

It should be noted that Skrill represents an e-wallet, which turned out to be a huge hit among online gamblers. E-wallets are easy to use and relatively cheap ways for controlling all your payments via a single account. They make it possible for users to send and receive funds, without having to enter their credit card number. E-wallet transfers are usually pretty fast and hence they’ve gained fans all around the world.

Nevertheless, in this text our readers will get the chance to learn more about Skrill as a payment option as well as find out its strengths and weaknesses.

History of Skrill

Skrill has been operating as a “simple, secure and quick” digital payment method ever since 2001. The company is acknowledged as a leader in the development of online payment solutions for both businesses and individuals. Skrill offers services such as receiving money, sending money, making payments etc.

This company is based in London, but also holds offices in the US as well as throughout Europe. Over 500 people are employed in Skrill and the company includes people of more than 30 nationalities. The service is offered in almost 200 countries around the world and accepts 40 different currencies.

Skrill was initially launched under the name Monebookers, but in 2010 it was rebranded and the Skrill Group was founded. In 2009 Skrill linked up with eBay, a step that drastically improved the company’s position on the market. In 2010 Skrill was ranked among the fastest-growing private-equity-backed companies. Two years later mobile transactions were introduced, while in 2013 and 2014 it took over Paysafecard and Ukash respectively; thus, it entered the market of prepaid cards too.

How Does Skrill for Casinos Work?

Now that you know what is Skrill and you’re familiar with the company’s history, it’s time to better understand how it can be used at online casinos.

In terms of the policy of using Skrill at gambling destinations, it may vary. For example, the transaction time may be different and certain operators may charge fees, whereas others may not. However, the procedure of making a deposit or requesting a withdrawal are always the same.

When it comes to uploading cash into a casino account, the player has to visit the cashier and then select Skrill as a payment method. Usually, a form appears that includes fields such as amount that the player wants to deposit, Skrill e-mail address and possibly Skrill password. Once this form is filled out and submitted, the player can expect the funds to be added into their account within several minutes.

Similarly, when requesting a cashout, players are asked to visit the cashier and then select Skrill. Here, as well, they have to enter the withdrawal amount, which must be within the site’s limits and which they must have into their account. Additionally, they have to enter their Skrill e-mail address, since that’s where the money will be sent. Unlike deposits, Skrill cashouts usually take up to several days, depending on the casino’s policy on withdrawals.

Why Use Skrill at Online Casinos?

With so many options out there when it comes to making casino payment, players may wonder what makes Skrill special in comparison to the other methods. Well, below you will find thorough info that will help you complete your opinion regarding Skrill and decide whether it’s the right casino payment method for you or not.

Pros and Cons

When observing the pros and cons of using Skrill at casinos, it’s easily noticeable that there are much more pros than cons.

One advantage of Skrill is the fact that the transactions are executed instantly. Moreover, the payments are anonymous and your personal information as well as credit card details remain unknown to the casino operator. More often than not, using Skrill as a payment method comes with zero fees, which is not always the case when using, for example, credit cards. Also, it’s fair to mention that the procedure is fairly simple and the transactions are very safe.

On the other hand, there are only minor disadvantages that include the boring registration procedure and making sure your Skrill account has enough funds at all times. The first one is boring because users must prove their identity by providing certain personal information, whereas the second one may prevent you from starting your casino adventure using Skrill if your account is empty. Also, there are some minor Skrill account fees that has to be covered, which may be a deal breaker for some gamblers.

Fees

Depending on the casino, users may or may not have to cover certain transaction fees. Usually, Skrill transactions are free of charge at online casinos, but when there are fees - they are low. For example, there may be a fee of 10-15% etc.

In terms of fees users have to pay to Skrill, the company promises that they are committed to keeping fees low. Therefore, receiving money into a Skrill account is completely free. Uploading funds into a Skrill account is also usually free; however, certain options may come with low charges and those are always clearly stated. Sending money to another Skrill user comes with a 1.9% fee of the amount, but no more than 20 EUR. Withdrawing funds is usually charged and the amount depends on the withdrawal method, region and currency. Thus, for example, UK users need to pay a fixed fee of 4.76 GBP (5.50 EUR) for using bank draft or SWIFT and 7.50% for using Visa.

Security

Security is never an issue when using Skrill as a payment method. This service is incredibly reliable and the company meets high safety and security standards when it comes to both transactions and user information. Skrill uses encryption to protect all personal and financial info of customers, plus it offers 2 Factor Authentication as an additional layer of security.

Furthermore, it was already mentioned that when using Skrill at online casinos you only provide your Skrill username/e-mail address and thus keep sensitive information hidden from the operator. This means that even if you make a mistake and pick a scam online casino, you will protect yourself from further losses since your bank account and credit card details were never provided to the website.

Regional Support

Even though operators offer basic information on how players can top up and cash out using one of the accepted methods, Skrill customers also can contact regional Skrill support whenever they have issues using the service. Skrill is present in many countries worldwide and provides multilingual support to users. Therefore, if something’s not functioning properly or you have an issue understanding an action, you can always browse through the extensive Skrill FAQ section or contact a company representative via several channels.