Skrill is an online e-wallet system that transfers your money securely from your bank to Skrill, and then to your online casino account. Here, we are providing you with all the information that you need to know about Skrill to decide whether it is the best payment option for you.
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Who Is Skrill?
Skrill is an online payment method that is used in many online casinos around the world and currently there are over 36 million people globally using this service. Skrill was launched back in 2001 and is based in the United Kingdom, however, their first name was Moneybookers which may be a name that you recognise. They were rebranded to Skrill and have since placed a heavy focus on delivering a payment option in the online casino industry. It has grown to become one of the more recognised e-wallet payment methods on the market and you will find that it is now accepted at the vast majority of gambling sites.
How to use Skrill to fund your online slots account?
Playing at a Skrill casino is easy and straightforward to do. Before you head over to your favourite online casino with Skrill, you will need to visit their website to set up your account. This is a short registration form that will take you only a few minutes to fill out. Once you have completed this form, you can then get started using your Skrill account online at a casino. Skrill is available for people to use all around the globe, but players in the United States of America cannot use it to make deposits or withdrawals at online casinos.
Once you have funded your Skrill account, which you can learn more about below and the fees associated with different payment methods, you can then visit the Skrill casino that you want to start playing at. Log in to your casino account and start the process to make a deposit into your account. You should be presented with a list of option on how to deposit this money and this is where you can choose Skrill. What is great about this payment option is that all you then need to do is enter your email address that is associated with your Skrill account and that amount of money that you would like to deposit into your account.
After doing this, you will then undergo the online casino’s security process. For this, you need to have the password for your Skrill account and the six digit code. The process is then complete and you will find the money has been transferred from your Skrill account to your online casino account and you can start playing fantastic Skrill slots.
Become A VIP Skrill Customer
While you may have heard of the payment method Skrill before, did you know that you can become a VIP member? If you are transferring thousands each month, then you may be given the opportunity to become a VIP member. There are lots of excellent benefits from becoming a VIP member including getting a personal account manager and being able to earn points on your transaction which go towards exclusive promotions and even cash rewards!
Pros and cons of Skrill
- It is free to sign up to and takes just a few minutes to do so
- The depositing limits using Skrill are usually very low
- Your funds will be deposited instantly into your account
- No fees for withdrawing funds
- Easy to use
- VIP service for those consistently transferring large amounts of money
- Not a good method for those transferring large sums of money occasionally
- There can be hidden charges when exchanging different currencies
- High withdrawal fees when transferring money from your Skrill account to your bank
How does it measure up?
Skrill is a good option for those considering the different e-wallets available to them. We love that there is no charge to sign up and it is great for those who only want to make small deposits to their online casino. Furthermore, this quickness of this service is brilliant for both depositing and withdrawing funds from your online casino account and this is something that we think impatient players will appreciate. Plus, if you are depositing high enough on a recurring monthly basis, you could be eligible for their VIP programme which will make your experience using them and playing online casino games all the more enjoyable.
However, that is not to say that Skrill does not come without its issues. Something for players to seriously consider is the high fees that you will be hit with when transferring money into your Skrill account, and the same for withdrawing it too. While it is not the online casinos charging you this, it can still be a factor that discourages you from using Skrill. No one wants to withdraw their casino winnings only to find out that when transferring it from their Skrill account to the bank that a large percentage has been taken away in fees. This is something we would recommend players thoroughly consider before choosing this payment option.
Lastly, if you are going to be exchanging currencies from your Skrill account, this is also something that we would advise you research more as you will be hit with higher fees and that can quickly eat away into your money.
Skrill is a very good option but there are some other e-wallets that offer similar services and may be a better fit for you and your gambling requirements such as Neteller. In terms of fees, both are very similar and you will not see a huge difference here.
|If you want an e-wallet payment option that offers great security then Skrill is a brilliant choice||If you are struggling to decide which e-wallet is right for you, this may be because they are all very similar! The fees are similar too, but your preferred online casino to play at may offer better fees for one over the other and it is worth checking this|
|If you are going to be exchanging currencies from your Skrill account, you may be best with another payment service that is not going to charge you a highly for this||Players who do play online slots regularly may do well sticking with Skrill as they could become eligible for their VIP programme which is not something we see with a lot of other payment services|
Still have more questions regarding Skrill? Here, we are giving you the answers to the most popular queries about this online payment method.
How safe is this payment method?
Playing at a Skrill Casino is safe and you should not have any issues when using this payment method online. Skrill takes the safety of its customers very seriously and when you sign up you must present a form of ID or passport, show your proof of address and there is a thorough verification process that you have to go through before your funds will be released to you. Cash deposits are also not allowed with this payment method for security reasons.
Can I Use It To Play On Mobile?
Yes, if you prefer to play all of your favourite online slot games on a mobile device, there is no need to worry as you can also use Skrill to make your deposits and withdrawals.
Are there any commission fees?
A casino with Skrill as a payment option will not add on any extra charges for withdrawing or depositing your cash using this method. However, while this may seem great, to upload funds into your Skrill account or withdraw cash from it, you will be charged a fee for doing so. Using bank transfer or a Maestro Card allows you to deposit into your Skrill account without any fees but other banking options can range anywhere from 0.5% up to a whopping 7%. Furthermore, to withdraw funds from your Skrill account with a bank wire transfer or Visa, you will be charged 7.5% which we think is very high.
If you are thinking of using Skrill, take these fees into consideration as it could end up eating away at your funds quite quickly.
How long do withdrawals and deposits take?
When making a deposit from your Skrill account to your online casino account, players will be happy to hear that this is done almost instantly. There is no time to wait around to be able to play all of your favourite games! In the case of withdrawals, this can take a little longer to do and it will vary from casino to casino. Make sure you double check with your online casino before depositing, but generally withdrawals can take around 24 hours to process.
What are the minimum and maximum amounts I can deposit through it?
The minimum and maximum amounts that you can deposit at an online casino through Skrill depends on the casino that you are playing at. Each casino will state what these limits are and you can check them before you get started playing. Typically, at a Skrill casino you will find that you can deposit as little as £1, but this can rise up to £10. For the maximum amount that you can deposit, this again varies from each casino but this usually ranges up into the thousands and will be more than enough for the majority of Skrill slot players.
If I deposit with this payment method, do I have to use it for withdrawals as well?
If you decide to make a deposit using Skrill, you have the option to use it as your withdrawal method too. However, this is not compulsory and you can choose to use other withdrawal payment methods instead that are offered by the online casino that you are playing at.