Online casino games are a great deal of fun. They are even more so when each payment option is integrated seamlessly into the banking platform, letting you set up payments, receive winnings quickly and efficiently and have promotional offers and benefits to sweeten each deal.
Skrill, who originally started as an online gambling payment method has since extended its offering to include the payment of vendors from all over the world, exchange of cryptocurrency and more.
As we discover more about this payment option, we will not only look at how Skrill keeps you safe and secure while transacting online, but we will also unpack the benefits available to online casino players who make use of this service. This will ensure you are fully-equipped to know why you should give Skrill a try and how you can take the best advantage of the services on offer.
Who is Skrill?
Established in 2001, this online payments company offers services to vendors and users from all over the world. Whether you are looking to purchase goods and services from an online vendor and need to fund your casino account, Skrill makes this process quick and easy.
Known as MoneyBookers at the time of its launch in the UK, it rebranded after its customer base zoomed past 25 million about ten years after.
Skrill is a virtual e-wallet that allows you to make and receive payments from all over the world. You can fund your Skrill profile through Electronic Funds Transfer (EFT) or pay using a credit or debit card offering you instant access to funds, whether local or in another country.
Many of these services are free of any transaction fees, though transactions in foreign currencies are usually subject to commission.
Owned by the Paysafe Group, a large payment group that offers payment services online and in-person through the Skrill card, the business, which also owns Neteller, has gained popularity all over the UK and Ireland.
Why is Skrill the best payment method?
Skrill’s biggest drawcard is how far it goes to keep you safe and secure. Given that it was the first licensed e-wallet in the UK authorised by the Financial Conduct Authority (FCA), it uses PCI-DSS Level 1 encryption, which is the most stringent encryption available, to protect the details of its clients.
Every Skrill transaction requires 2-factor authentication, which means that, aside from logging in with a username and password, you are also required to authorise the transfer using a secure code, sent to your mobile device.
This security level is unmatched and ideal for anyone concerned about sharing their card or bank details online. It also offers you the confidence you need to purchase with minimal risk.
Can I trust Skrill?
Skrill has been in business for decades and has an excellent reputation for safety and security. The e-wallet service provider has equipped the customer support team to walk you through any concerns you may have and answer any questions as you get started and make those first few transactions.
You will be up and running in no time at all and transact with confidence as you transfer funds from your account to the e-wallet which can then get used for online and local purchases should you choose to receive a Skrill card which can be delivered by post.
What are the benefits of using Skrill?
In addition to the safety and security component, Skrill also has several other benefits that are ideal for those looking to sign up to use it at their favourite online casino.
Skrill transactions happen in real-time and, as the money transferred into your profile is confirmed immediately, there are no delays of waiting for funds to clear when you purchase casino credit. As a result, you can fund your casino account and start playing again within minutes of your transaction.
The same rule applies to cashing out your winnings. Once you have verified your casino account, you can select Skrill as your withdrawal method of choice and receive your funds within 3-7 days, depending on the online casino.
Skrill transaction fees are significantly lower than other e-wallet platforms, especially when it comes to Visa (1.9%) and Mastercard (2.25%). Electronic Funds Transfer (EFT) transactions are transaction free and are the ideal choice for those who prefer not to own or use credit cards online.
Cashing out your winnings are also usually free of transaction fees while making a withdrawal or moving funds from the Skrill platform into a bank account attracts minimal transaction fees like:
- 7.5% on Visa withdrawals
- A flat fee of €5.50 on most transfers into your bank account
How do I get started?
Creating your Skrill profile couldn’t be easier. It is a simple 5-step process that will have you up and running in no time and only needs your email address.
- Visit the Skrill website and click to create an account.
- Capture your email address and receive your unique identifier.
- Transfer funds using EFT or moving money from your credit or debit card.
- Verify the transaction using 2-factor authentication and watch the funds move from the account into your Skrill profile.
- Add your Skrill profile to your online casino banking platform and purchase casino credit.
That’s it! You’re all set to pay for goods and services, purchase casino credit and receive your winnings within just a few days using Skrill.
How does a Skrill casino make it onto our curated list?
Online casino operators with a wide range of banking options are just one of the criteria we evaluate when assessing a casino and confirm whether it belongs on our carefully curated list. As not all operators can be weighted equally, we do the legwork so that you can bet with confidence at one of our recommended online casinos knowing that the casino is licensed, audited, encrypted and secure.
Finding a casino that accepts Skrill as a payment method can be tricky at times; which is the reason why we have gone the extra mile to create a list of recommended casinos for you to access a one-stop-shop resource.
Check out our list and create an account today to reap the rewards as you purchase and cash out using Skrill at one of our recommended online casinos. We uncover the expected time frames of your withdrawal, and highlight which promotional offers are available to claim, so nothing stands in your way to getting started.
Why does the casino need to complete KYC protocols?
Before cashing out, don’t be surprised if the online casino operator requests a few documents to:
- verify your identity
- confirm your address
- and gain clarity on the source of your gambling funds
This anti-money laundering initiative is in your best interests as the operator goes out of their way to protect all parties from fraud.
Once your account is verified, it is unlikely you will be asked for any further documentation so you can receive your winnings quickly and easily from that point onwards.
Can I use Skrill at any other online vendors?
Skrill is an accepted method of payment at many online and land-based establishments. Whether you are looking to pay for goods and services or get paid, Skrill is the ideal payment for many who are keen to give online shopping a try and discover shopping internationally.
By having a Skrill account, you are arming yourself with all the tools you need to shop safely and securely with payments and transfers that take place within minutes and funds can be received and moved to your bank account within just a few days.
Who is the ideal Skrill customer?
Skrill is ideal for those keen to shop online but concerned about the safety and security of sharing their bank or card details with vendors. By transferring the specific funds needed for the transaction, users can purchase goods anonymously while still keeping their financial information secured behind closed doors.
Responsible gambling is also easy when you use an e-wallet like Skrill as you transfer the funds you have set aside for gaming into it and use it as a way to stay on track when playing games of chance.