Despite the fact that presently, virtual players are presented with a great many banking solutions, only a few are as favored as Skrill. This comes hardly as a surprise, because payments via it are wrapped up promptly and hassle-free, which is crucial when you are making real-money bets online. Skrill is undoubtedly one of the payment solutions most gambling enthusiasts are familiar with, as a constantly growing number of casino operators facilitate payments through it.
| Skrill Summary | |
|---|---|
| Available In | Most countries worldwide |
| Connecting Bank Card/Account to Skrill | www.skrill.com |
| Connecting Bank Card/Account to Skrill | Fees apply |
| Withdrawal balance from Skrill to Your Bank Card/Account | Fees apply |
| Pay to Online Merchants | Free |
| Available for Deposits | Yes |
| Available for Withdrawals | Yes |
| Usual Deposit Time in Online Casinos | Instant |
| Usual Withdrawal Time in Online Casinos | Varies depending on the casino |
| Live Chat | Yes |
| Telephone Support | Yes (+44 (0) 203 608 1405) |
| Email Support | Yes (vip@skrill.com) |
Interestingly, Skrill was initially known as Moneybookers, and it was launched back in 2001. Since then, a prime concern of the company has been to provide its customers with a payment service that allows them to purchase goods online, send and receive money, and, last but not least, make payments to the online casinos they join.
The company is based in London, but it also has offices in the United States of America and in various European countries. An interesting detail is that, in 2002, the company became the first European e-money issuer to be regulated by the FCA. Thus, Skrill has gradually grown to become one of the most trusted providers of payment services, available in nearly 200 countries and supporting more than 40 currencies.
Using Skrill for Gambling Transactions
If you have never used Skrill before, you should know that this is an e-wallet, which means your funds are stored there for future online transactions.
To take advantage of the payment service, you first need to set up an account, which will not take much of your time. While establishing their account, gambling enthusiasts will be asked to enter a valid email address, a password, and their name. Once you have set up an account and carried out a certain volume of transactions, you will be prompted to verify it. Gambling enthusiasts should bear in mind that the company has recently changed the verification procedure, but there is nothing to worry about.
Avid casino fans who have not verified their account yet should consider doing so, because this will allow them to carry out transactions for larger sums of money. Best of all, you might also have your account limits removed, an option that higher-stakes players will appreciate. To complete the verification procedure, gamblers should provide a scanned copy of their driving license, ID card, or a utility bill issued within the past three months. Virtual players are advised to make sure that the images they provide are clear, as this will dramatically cut down the processing time. Once you have done this, you can easily check whether your account is verified by visiting its settings, where you will find the Limits and Verification section.
After your Skrill account is all set up, the next step is to load it with cash. What further adds to the merits of the digital wallet is that gambling aficionados will have the opportunity to upload funds to it in several convenient and simple ways. Gamblers who have decided to give Skrill a go can top up their account via a bevy of local and global payment methods such as bank transfers, cards by American Express, Visa, Mastercard, Diners Club International, the prepaid Paysafecard, and services like Trustly, Klarna, Neteller, Boku, Bitcoin, and many more. Still, virtual players should know that a 1% fee applies, regardless of the payment service they choose, which is relatively low and makes Skrill a cost-effective option.
| Skrill Gambling Transactions | |
|---|---|
| Supported Transactions | Deposits and withdrawals |
| Deposit Pending Time | Instant, no pending time |
| Withdrawal Pending Time | Varies from several hours to one day, depending on the casino |
| Additional Security | Log-in required, secret word, passcode, FaceID, and more |
Depositing to Your Casino Account
When all is said and done, gamblers can proceed with making a deposit to the web-based casino they have joined. Perhaps one of the best things about using Skrill for gambling remains the fact that making transactions to and from your chosen online casino is a breeze.
When you wish to embark on your gambling adventure, first you should sign in to your account at the web-based casino that supports Skrill. You are unlikely to be hard-pressed to find reputable online casinos that support the digital wallet, as they are plentiful.
Once you have signed in, simply visit the cashier, where all supported banking solutions are listed. Afterward, gambling aficionados need only go through the list and pick Skrill as their preferred payment service. Following this, they will be asked to provide the email address used when setting up their Skrill account and to enter the amount they would like to upload.
Once you are done, you will be prompted to log in to your Skrill account using your credentials. Then, you just need to confirm the payment, and your funds will be added to the balance of your casino account in a matter of minutes. Another great perk of using Skrill is that, in general, casino operators do not charge any additional fees when you manage your funds via Skrill.
Even better, the digital wallet can also be used when you wish to cash out your winnings. The procedure you should follow while retrieving your funds does not differ from the one you followed when making a deposit, so you are unlikely to feel confused. It is also important to note that some casino operators allow their patrons to reverse withdrawals initiated via Skrill, but this is casino-specific.
Advantages and Disadvantages of Skrill
When it comes to the most popular banking solutions among virtual players, there is no doubt that Skrill is invariably on the list. In essence, the explanation is simple: the digital wallet ticks many of the boxes gambling aficionados care about. Perhaps one of the most compelling reasons why Skrill is so popular among gambling enthusiasts is that the payment service is almost universally accepted. Interestingly enough, the lion’s share of web-based casinos have incorporated it into their list of supported banking solutions, giving you the chance to choose the operator that best suits your taste. Besides, Skrill facilitates payments in more than 20 currencies and supplies its services in over 200 countries around the globe, which is yet another great advantage.
The speed at which transactions via Skrill are carried out is another reason why more and more gambling devotees choose to use the e-wallet during their betting sessions. One of the biggest benefits of utilizing Skrill is that you can access your funds almost immediately after the transaction is completed. As for withdrawals, they might not be instantaneous, but they are considerably faster compared to many other payment solutions.
The next advantage concerns the high level of security the method offers. Many virtual players are delighted to learn that the company places great emphasis on customer security. That is why it has implemented encryption technology compliant with the requirements of the Payment Card Industry Data Security Standard. In addition, two-factor authentication further strengthens security. When you make payments via Skrill, your banking or personal information is never revealed because all you need is your email address and password. As a result, virtual players can easily retain their anonymity while making real-money bets online.
Flexibility is another advantage, as gambling aficionados can use the digital wallet through a personal computer, tablet, or smartphone. Perhaps you have already figured out that making payments to and from your chosen online casino via Skrill is extremely simple, which makes the service even more appealing.
Despite the many benefits of using Skrill for gambling, the service also has several downsides that should be considered. If you look more closely, you will find a large number of complaints that verification stalls. Matters are even worse when the customer support department fails to help users resolve this issue.
Regarding customer care, there are also many complaints that agents fail to provide prompt assistance. As it turns out, this further adds to the frustration of virtual players.
Some gambling enthusiasts are also dissatisfied that their Skrill accounts are often blocked, leaving their funds inaccessible. This poses a serious problem, as your account may remain frozen for quite some time.
Another downside of Skrill relates to its availability. Even though the company provides its services in a wide variety of countries, gamblers from territories such as the United States cannot use the payment method.
Last but not least, many casino operators will not allow players to claim certain bonuses and promotions if they have managed their funds via Skrill, as casino operators aim to prevent fraudulent activity.
| Skrill Pros | Skrill Cons |
|---|---|
| Straightforward transaction process | Requires registration |
| Instant casino deposits | Requires account verification |
| High levels of security | Fees apply when funding/withdrawing from your wallet’s balance |
| Accepted by a great number of online casinos | Invalid for bonus redemption at some casinos |
| Service available in multiple languages and 40+ currencies | Fees for currency conversion |
Fees for Gambling Transactions
When deciding which payment method best suits your needs as a gambler, you should always take potential fees into account. Normally, casino operators do not burden their patrons with any additional fees when they top up their accounts or withdraw funds. Still, gambling devotees should be aware that Skrill itself may apply certain fees, which is why checking this in advance is always a good idea.
Avid casino players should bear in mind that using their digital wallet to purchase goods over the Internet will not cost them a dime. The same applies to receiving money into your account. However, if you intend to send money to another Skrill account or to an email address, you should be informed that this will cost you 1.45% of the amount.
Gamblers should also remember that when they upload funds into their wallet, a 1% fee is deducted. Luckily, withdrawing your winnings back to your Skrill account is free of charge. The picture changes when you want to withdraw funds from your Skrill account, because the fees increase. Gamblers who wish to transfer their funds back to their bank account need to know that this will cost them $5.50. Withdrawing your funds back to your Visa card will cost you 7.5% of the amount. In the event that you wish to withdraw your funds via SWIFT, once again, you will be compelled to pay a fee of $5.50.
Gambling enthusiasts should be informed that if the transaction requires currency conversion, a fee of 3.99% will be added. Players should also know that they will not be charged any maintenance fees provided they make a payment or log in at least once every 12 months. Otherwise, a fee of $6 or the currency equivalent will be deducted from your balance.
| Skrill Fees | |
|---|---|
| Gambling Deposit Fee | Free |
| Gambling Withdrawal Fee | Free in most cases |
| Bank Account Deposit Fee | 1.00% |
| Bank Account Withdrawal Fee | $6.68 (€5.50) |
| Credit/Debit Card Deposit Fee | 1.00% |
| Credit/Debit Card Withdrawal Fee | 7.5% |
| Maintenance Fee | $5 or the currency equivalent after 12 months of inactivity |
Processing Times
By now, you know that payments via Skrill are carried out promptly and securely. The speed at which transactions are conducted can definitely work to the advantage of gamblers who choose this banking solution.
Gambling devotees will undoubtedly appreciate the fact that their funds will appear in their casino balance within seconds, giving them the opportunity to start playing without delay. By the same token, Skrill is also a viable option for withdrawals, as the timeframes for receiving your funds are not as long as those associated with some other banking solutions. As a general rule, players might need to wait between three and five business days to receive their winnings.
As you can see, Skrill is not only reliable but also cost-effective and fast, which explains why it is considered a great option for gambling enthusiasts.
| Skrill Processing Times | |
|---|---|
| Gambling Deposit Time | Instant |
| Gambling Withdrawal Time | Up to 24 hours with most gambling operators (after approval of the withdrawal) |
| Bank Account Deposit Time | 2 to 5 business days |
| Bank Account Withdrawal Time | 1 to 5 business days |
| Credit/Debit Card Deposit Time | Immediate |
| Credit/Debit Card Withdrawal Time | 7 days for Visa and up to 3 business days for Mastercard |
Mobile Payments via Skrill
More and more players are seeking to register with casino operators that offer fully mobile-compatible websites, largely because they want the freedom to gamble while on the go.
Thus, as long as the interactive casino where you have signed up offers a mobile version, you will have the opportunity to carry out transactions at your fingertips simply by navigating to the operator’s cashier page. Perhaps one of the best things about Skrill is that the company allows its customers to make payments online quickly and securely through its dedicated apps.
Skrill users might be delighted to find out that dedicated apps for iOS and Android devices can be downloaded at no cost. One of the biggest positives of these apps is that they allow players to access their Skrill account whenever they need and track their funds with ease. The apps allow players to keep an eye on their current balance, to deposit, and to withdraw with only a few taps on their screen.
| Skrill Mobile Payments | |
|---|---|
| Apple Pay | No |
| Google Pay | No |
Security at Online Casinos
Given that many reputable online casinos facilitate payments via Skrill, gamblers are unlikely to end up in a tricky situation when searching for a decent casino operator. Furthermore, Skrill offers secure fund transfers, meaning that gamblers should not be anxious about making deposits and withdrawals using the digital wallet.
First, your security is ensured because making payments via Skrill does not involve disclosing any of your personal or banking information. As stated above, virtual players simply need to log in to their account using their email and password.
Fans who choose Skrill should also be aware that the company will not reveal any of their sensitive information to the casino operator. In fact, the information they transmit is encrypted using sophisticated technology, which ensures that even if you become a victim of misappropriation or fraud, your details remain unreadable.
Gambling enthusiasts can also add an extra layer of security thanks to the two-factor authentication the company has introduced. This option is available to all customers who have signed up for a Skrill account, and its main aim is to guarantee that your funds are well protected. If you enable it, each time you make a payment via the digital wallet you will receive a unique code that you must enter along with your account credentials.
Since Skrill is dedicated to keeping its customers safe when they make payments online, it is no surprise that users need to go through a verification procedure to use the digital wallet. This ensures that their details remain protected and gives them access to the full set of Skrill features.
| Skrill Security | |
|---|---|
| Passcode | Yes |
| Fingerprint | Yes |
| FaceID | Yes |
| Two-Factor Authentication | Yes |
| Trusted Devices | Yes, via the Remember Me function |
| IP Restrictions | Yes, from the Developer Settings of your Skrill account |