Skrill is one of the leading international digital payment systems. Skrill Limited is a UK-based company that is FCA regulated and authorized for issuing electronic money and payment instruments under UK laws. Formerly known as Moneybookers, the company was founded in 2001, and in 2015 was acquired by Paysafe Group, alongside Neteller and Paysafecard.
This company specializes in offering online payment solutions and provides a variety of services. From paying online, sending and receiving funds from all over the world, buying and selling cryptocurrencies, to the exciting loyalty program for winning cash rewards and bonuses.
However, Skrill is the best know as an innovative eWallet that enables quick and secure online transfers. Millions use this digital wallet, and more than 100 brands have partnered with the company and implemented Skrill as a convenient payment method for their eCommerce.
To use this method, you have to set up an account on the official website by entering a name, country, password, and email. Finally, select one of the 40 currencies to fund the wallet. Also, you can top-up your Skrill account by card, bank transfer, prepaid vouchers, or any other local payment option.
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Essentially, the only thing you need to use Skrill is a valid email address! To get your mobile wallet, just download the Skrill app from Google Play and App Store.
Skrill eWallet is an iGaming-friendly solution. The players will befit from quick and safe online gambling payments they can make on multiple devices. Joining forces with many reputable iGaming brands, Skrill features exclusive casino and poker promotions and bonuses, and the VIP program that unlocks lower fees, round-the-clock support, and other beneficial perks.
This method is accepted by many online gambling providers worldwide, so finding the right casino to play your favorite games and paying without revealing personal and banking information will be easy!
Skrill also offers other convenient digital solutions, like Skrill 1-Tap, which was developed to speed-up transactions by eliminating the need for re-entering email and password every time you want to top-up the account.
How to Deposit via Skrill?
First, make sure you’ve allocated enough funds to the Skrill account. Proceed to a cashier page, and find Skrill within the eWallets section. When you choose it as your banking method, you first have to provide your email and password. Enter the amount you want to send to the gambling account, and pick your currency. In a minute, you will be redirected to the Skrill’s landing page to confirm your deposit.
How to Withdraw with Skrill?
To withdraw money from the live casino balance, visit the cashier page and find Skrill. Log-in with an email and password, enter the amount you want to take home, and your winnings will soon land on your Skrill account. Once the money is in your account, you can either make another deposit and continue playing or send them to your bank account.
Transfer Times, Fees, and Security
When you make a deposit and confirm this transaction, the funds are immediately at your disposal. For withdrawals, the time for processing transactions depends on the online casino’s pending period. Hence, cashing out from your favorite casino may last up to 48 hours, but you will be collecting your winning within 24 hours in a majority of cases.
The fees for funding the account vary from country to country. For the EU countries, depositing via bank transfer, Mastercard, Visa, and American Express will cost you 1%. Although local payment methods can be different, you will pay 1% for each one in the EU zone. For the rest of the world, both global and local payment methods will cost you 2.5%.
In June 2020, Paysafe (the parent company), announced the launching of a free Skrill Money Transfer service for the US users. So, players from the States can deposit their accounts free of charge!
However, the official Skrill website page with details on the fees underlines information that if you use your credit card for gambling, the issuer of the card may charge a “cash advance” fee (Deposit fund section). The same information is displayed for the US, so although they are promoting free depositing service, check the details with your bank.
As for the funds’ withdrawal, EU countries’ costs range from €5.5 for bank transfer and cashouts via the SWIFT international payment system, to 7.5% for withdrawal using Visa. These costs differ for the rest of the world and depend on the local and global payment methods. However, for the majority, withdrawals with Visa cost 7.5%, and the SWIFT is a flat fee of €5.5. The withdrawal fee to the mobile wallet is 1.45% (min. €0.50).
Skrill deploys multi-layer security, meaning that none of your personal or banking details are disclosed. With its own 2-factor authentication to protect players’ details, Skrill makes sure that all sensitive data are highly protected.