Best Skrill Casinos Online
About Skrill
By using Skrill, online casino players can send money to an overseas bank account through their bank card. In some countries, users of this digital wallet can obtain a Skrill card. It is linked to their account and lets them use their account balance to make online or offline payments at certain places. Skrill also offers VIP memberships to customers who meet the required spending thresholds.
VIP customers enjoy higher transaction limits, lower fees, dedicated customer support, and several other benefits. Through the loyalty program called Knect, Skrill’s customers can earn loyalty points, which they can exchange for cash vouchers.
Owing to all such benefits, this digital wallet has become a favorite payment methods of most online casino players. As a result, some of the online casino websites now have a dedicated section of games for Skrill users.
Skrill has its origins in Moneybookers, a digital wallet provider founded in the United Kingdom in 2001. In the next seven years, the company became one of Europe’s top three e-payment solution providers. In 2011, Moneybookers announced the rebranding of their service as Skrill, which was done in 2013. Under the new brand, the company acquired the Austrian-based ‘paysafecard’ in the same year.
The Skrill Group then announced the completion of its acquisition of Ukash. In 2018, Skrill launched its international money transfer service. The company also launched a crypto service during the same year, which allowed its users to buy and trade cryptocurrencies.
Skrill came up with its customer loyalty program called KNECT the following year. In 2020, the company extended its international money transfer service to the customers based in the United States. The current CEO of the company is Philip McHugh.
Paysafe Payment Solutions Limited operates Skrill’s European regulated activities. The company is incorporated in Ireland and regulated by its central bank. The activities of Skrill outside the European Economic Area are operated by Skrill Limited, which is incorporated in the United Kingdom.
Pros and Cons of using Skrill in online casinos
If you’ve ever used PayPal, you’ll have no problems using Skrill as the payment method in your chosen online casino. You can fund your Skrill account via credit card, debit card, or bank transfer. While funding your Skrill account using a debit or credit card, it will ask you if you wish to use the money for gaming or non-gaming purposes.
You’ll need to select ‘gaming’ if you wish to fund your betting account with the money. Now, let’s go through the pros and cons of using Skrill in online casinos.
Pros
- It is an excellent choice for players who prefer minimum deposits for low wagers
- You can make secure online payments with just an email ID
- It facilitates instant deposits in online casinos
- You’ll find many Skrill-friendly online casinos today
Cons
- There are some charges associated with the withdrawals
- Some online casinos don’t accept Skrill as a payment method
How Skrill compares to other payment methods?
Skrill is an excellent option as a payment method in online casinos as it offers hassle-free service with high levels of security. You can make your deposits without being required to give out any of your financial details to the casino. Besides, it has a reliable customer support and allows you to make payments in any of the leading currencies of the world.
Cards and bank transfers are some of the more traditional payment methods that have been used in online casinos for many years. Despite being the conventional payment methods, they don’t offer the same convenience as compared to the e-wallets. One of the most popular e-wallet is Skrill, as it is user-friendly and you can transfer funds to your casino account using only your email ID.
The popularity of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin has offered a better alternative to Skrill and other e-wallets. There are no fees involved and the transactions are instant. Although cryptocurrencies have these benefits, not many online casinos include them among their payment methods.
Skrill Fees
One of the major reasons behind the popularity of Skrill among the online casino players is its low fee of 1 percent. If you use your credit card to fund your Skrill account for gambling purposes, your issuer might charge a cash advance fee. This is something that Skrill has no control over. If your transaction involves currency conversion, the Skrill exchange rate at the time will apply.
This rate keeps changing constantly throughout the day. A foreign exchange fee of 3.99 percent will also be charged. Many players consider the fees charged by Skrill reasonable and this is why it has become their favorite payment method in online casinos. It doesn’t come as a surprise, therefore, that nearly 36 million gambling enthusiasts use Skrill for making their online casino payments.
How to use Skrill for deposits
Most casino websites won’t charge any fees for deposits made using Skrill. They’ll also allow you to withdraw winnings directly to your Skrill account. This payment method still shows up as Moneybookers on some online casinos. This is something that you need to look for when choosing an online casino that accepts this payment method.
Making your deposit is quite simple when you’re using Skrill as you won’t require your account details. Once you’ve registered on your chosen online casino, navigate to the cashier, deposits, or banking section and select ‘Skrill’ as your payment method. You’ll then need to key in the email ID associated with your Skrill account and the amount you want to deposit.
You might then be required to enter your password and a security code to prevent any hacking attempts. Once this is done, the deposit you’ve made will be processed and the amount will be transferred. If the required amount is not available in your Skrill account, you’ll be given the option to add funds.
How to use Skrill for withdrawals
Withdrawing your winnings from casino sites is just as easy as making deposits. Usually, when you select your payment method as ‘Skrill’ on the online casino websites, it also becomes your withdrawal method automatically. The procedure to set this payment method as the withdrawal option begins with navigating to the cashier, deposits, or banking section.
You’ll then need to go to the ‘withdrawal’ page. Once you get there, verify whether Skrill has been automatically selected for withdrawals. If not, select Skrill manually to ensure that it is set as your preferred withdrawal method. When you want to withdraw your winnings, you’ll need to enter the amount you’d like to cash out.
You won’t need any verification of your identity for withdrawing up to a certain amount. In most online casinos, the Skrill withdrawals won’t take much time and you’ll get the amount in less than 24 hours.
How secure is Skrill?
You don’t need to worry about the safety and security of your account when you’re using Skrill. It is regulated by United Kingdom’s Financial Conduct Authority. Sometime in the past, many who used this payment method raised concerns about its legality within the gambling industry.
What casino players need to know is that online gambling is legal throughout the United Kingdom and is also promoted in sporting events and on television. Another important aspect to keep in mind is that Skrill was founded in the UK and still operates under the country’s law.