A tad bit of history
Skrill was formerly known as ‘Moneybookers’ until 2011 when they did a massive rebranding to carry the company forward. It was founded in the United Kingdom in 2001, with a priority of offering international digital payment services. They have since developed further and offer a pre-paid Mastercard for a more versatile shopping experience.
Skrill currently offers stiff competition to Neteller as a leader in e-wallet services to online casinos and other gambling sites, though both brands are under the same company called the Paysafe Group.
How do I sign up?
An account can be registered within minutes online, at the official Skrill website. Once the application has been completed, you will be able to make use of the services right away. Should you want to gamble online, you will, however, have to provide further information to satisfy specific international regulations.
Advantages of Skrill online casino payments
1. Super-Fast Transaction Times:
Gamblers favour e-wallets such as Skrill because they know that their deposits will be made almost instantly. This means that players will be able to top up their bankrolls and get cracking on their favourite casino offerings within no time at all.
Not only does Skrill offer fast deposit times, but depending on the method chosen to withdrawal with, a player’s winnings can be withdrawn in minutes. This stands in huge contrast to many other payout methods that only clear funds in between 2 to 5 days.
The world online is rather insecure, and trading funds can be hazardous, especially with the number of unscrupulous fraudsters surfing the net in search of unprotected data to prey on. Skrill offers super safe transactions.
Your data is stored on their servers and protected via SSL multi-layered encryption. When you make a payment at a casino, Skrill shares none of your banking information with the casino, and you do not have to enter anything other than your email address (username) and a password. This means that none of your sensitive information is made vulnerable to online predators.
3. Variety of Funding Methods
Your Skrill digital wallet can be recharged in a variety of ways. A variety of choices always means that you are in charge of your own convenience. Top up options include via credit card, EFT, or bank wire transfer. The quickest way is via credit card or EFT transfer, which ensures instant access to the money in the wallet.
4. Special Features
Skrill rewards you for your spending on their product. You can join the exclusive VIP program where you will be treated to discount transactional fees and points earned per spend. These points can be redeemed to bring you a greater bang for your buck.
Another added service includes a special Skrill Mastercard, which is linked to your account and allows you to spend the money in your wallet at a land-based retail store near you. Convenience is a way of like with Skrill at the helm.
Disadvantages of using Skrill at online casinos
1. Bonus Package Restriction
When looking at the downsides of using Skrill, we really have to look hard in order to find something. One of the clearest disadvantages of using this service is the fact that some casinos may not allow you to make use of bonuses and rewards if you are using this e-wallet service.
2. Snail Pace Wire Transfers
If you opt to either withdraw to Skrill or re-charge the wallet via a wire transfer, you are in for a 2- 5 day wait before the funds reflect. Any easy way to curb this would be to charge the wallet via either credit card or standard Electronic Funds Transfer from your online banking profile. This will minimise the transfer time down to a maximum of a few hours but generally occurs instantly (depending on your country of residence).
Information on usage
A new Skrill account usually has a capped spend limit, depending on several factors, among which is what country you reside in. With a bit of use, you will find that you are able to increase the spend limits quite easily.
Like most e-wallets, Skrill is relatively cheap in comparison to various other third-party payment options. A standard transaction will cost you a mere 1.9% of the value, but any transaction needing currency conversion will attract a base fee of 3.99% of the value of the transaction.
You can open a Skrill account from just about any country in the world to make transactions online. Although USA citizens may register with Skrill, they may not use the service to transact with online gambling institutions, in accordance with the UIGEA regulation in most of the US States.
For those of you who may transact with online casinos, there are over 500 casinos that accept this form of payment. Most of the industry favourites in the UK and the EU readily accept Skrill as a form of funds transfer.
What is stopping you?
If you already have a Skrill account and want to find a reputable online casino accepting Skrill, then look no further than the CasinoWow list of Skrill Casinos on this page. Each provider is sure to offer you hassle-free Skrill acceptance with a first-class selection of games and online entertainment value to boot.