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Skrill Explained
Skrill is an e-wallet that helps to manage online payments and keep money separate from one‘s bank account.
The company was founded in July 2001 as Moneybookers before rebranding to its current name in 2011. It has 36 million users around the world and is a popular alternative to PayPal and Neteller.
Skrill’s owner, Optimal Payments, actually purchased Neteller in 2015 for $1.1 billion, making these two e-wallets from competition into family. After that, Paysafe Group (which also owns Paysafecard, the prepaid card) bought Optimal Payments.
This e-wallet came to be particularly for the online gambling industry. It has expanded into other industries, such as trading and e-commerce, while remaining focused on working with only the best Skrill casinos.
You may link multiple cards and accounts to your account, and you may rest assured that your information is secure due to Skrill’s high level of encrypted security.
Another advantage of e-wallets such as this one is their quick transactions, with deposits arriving almost instantly and withdrawals taking up to 48 hours to get to your account.
Your Trusted Guide To Skrill Casinos – A One-on-One With An Industry Expert
I am very much aware of how popular this payment method is in terms of international coverage. Players from around the world choose Skrill casino platforms every day. In fact, I know that currently, Skrill helps more than 40 million users make payments or withdraw their cash from several service providers.
I have been in the casino industry for more than 8 years now, and Skrill was always a big actor in this scene. In fact, Skrill and Neteller are the companies that pioneered e-wallet payments amongst gamblers. I go by the name Stoica Andrei Tiberiu, and since Skrill is such a big deal for the casino industry, you can imagine that I have encountered them several times throughout the years.
Most times, Skrill is a go-to solution, but there are also times when their fees may be a little too much, and it might be better for you to find an alternative. However, this is what I am trying to do in this guide, provide you with a variety of insights, solutions and guidelines so you can master the usage of Skrill as your main payment method.
Sometimes, Skrill casinos may be a good fit for claiming a welcome bonus or for high-roller payments. At the same time, you definitely need an expert to tell you how to create a Skrill account, how to make your first deposit, and what to expect from this processor overall.
Disclaimer: Since I am an expert in casino and slot reviews, but also legislation and responsible gambling, I highly suggest you trust that I do not rely on artificial intelligence tools to do my work for me. I write only based on my own Skrill casino experience as a player and analyst.
How to Set Up a Skrill Account Online Casino
You may open a Skrill casino account for free. You must give some personal information, such as your full name, email address, nationality, date of birth, and currency preference. I did it so many times before.
Their registration process takes only a few minutes, and to help you out, I wrote down all the steps below so you may follow them and create your own Skrill profile. You will definitely need to pay close attention for a few seconds because all your personal credentials must be correct. They will perform their own identity verification, so keep in mind that you should only create an account using your own data.
- Go to the official website.
- Choose the ‘Register’ option.
- Fill in the blanks with the necessary information.
- Verify your email address
- You now have a functioning e-wallet account.
Savvy Tip: Unfortunately, if you want to take advantage of the Skrill casino financial advantages and payment processing benefits, you will have to register yourself with a separate Skrill account. This is why e-wallets are so advantageous. They function separately, so you know for sure that Skrill will not do anything to favor the casino operator.
How to Deposit Money into a Skrill Account
Now, if you successfully managed to create your account, I will take you to the next step and give you in-depth information on how to actually add funds to it. Making a deposit is a part of my review procedure, and sometimes, I choose Skrill to be the method I use.
I had several chances to make my first deposit through Skrill. Therefore, I am going to take you through the whole sequence of steps, giving you all the explanations and details you might need.
- Go to your e-wallet account’s ‘Deposit’ section.
- You’ll see a list of deposit alternatives, including debit cards, bank transfers, Trustly, and Paysafecard.
- After you’ve decided how you want to contribute funds, enter the amount of money you want to deposit, along with the necessary payment information, and then confirm the payment.
- The time it takes for your funds to arrive in your Skrill account is determined by the deposit method you use; debit card deposits are available immediately, whilst bank transfers can take as long as five working days.
- Log in or sign up to any online casinos that take Skrill.
- Choose the payment method and the sum you want to deposit and proceed with the casino Skrill deposit.
- The funds will appear in your casino account right away, and you will be able to use them immediately.
Savvy Tip: I have tested and tried Skrill casinos from all over the world, and I can guarantee that their minimum deposits differ. Certain operators are ok with you depositing at least $1, but this amount can also be $5, $10, $20 or even more. SlotsCalendar already has a list of minimum deposit casino websites that you are able to go to and find yourself a place that is not forcing you to take too much money out of your account.
Play at Skrill Casino Wherever You Are
Around 130 countries accept this payment method, including the United States, Canada, Australia, Austria, Belgium, Cyprus, France, Germany, Greece, India, Ireland, Italy, Luxembourg, the Netherlands, Poland, and Portugal.
No matter where you are, you’ll find top Skrill casino sites to play your favorite games at. There are a few countries that stand out, as these are the places where this e-wallet is most often preferred over other fast banking methods:
So you can use it from any country and play at the best Skrill casinos, and you have the option to play even when you’re on vacation, on your commute from work – anywhere, anytime.
This is a common thing when it comes to payment processors that are so widely spread. Because they are licensed and approved in so many countries, you can basically use their services no matter where you travel. At the same time, I would also encourage you to make use of that smartphone of yours and also do your Skrill casinos deposits and request your withdrawals remotely.
There are plenty of Skrill casino sites on my list already that are compatible with mobile devices.
How to Withdraw Money from a Skrill Account
It’s one of the quickest withdrawal methods for online casinos. These are the steps to making a withdrawal:
- Go to the cashout section of your Skrill casino site.
- Select the desired payment method and the sum you desire to withdraw.
- Provide your e-wallet account details.
If you’ve chosen a fast withdrawal casino and this banking method, the funds should reach one’s account in under 24 hours.
You may also transfer the money from your digital wallet to your regular bank account, but this can take up to 5 business days.
Skrill Deposit and Withdrawal Limits
I am sure that those of you who appreciate Skrill casinos, are also thankful for how permissive their deposit and withdrawal limits are. Actually, Skrill is one of the internationally available payment processors that allow players to deposit large amounts of money even if they do it right after registration.
After going through their terms and conditions, I found out that Skrill will also increase your deposit and withdrawal limits if you pass their KYC. It is a simple verification procedure, and you can just send them a copy of your ID or passport.
There will also be minimum deposit and withdrawal amounts imposed by certain casinos. Although most online casinos need a minimum investment of $10 in order to make a deposit or withdrawal of any kind, some accept Skrill minimum deposit casino amounts as low as $5 for deposits and $1 for withdrawals.
Skrill fees
Neither making a deposit to nor withdrawing money from your online casino Skrill account should cost you anything. You can find out if a casino will charge additional fees by reading its terms and conditions.
Deposits and withdrawals to and from your account could incur additional fees, which are usually dependent on the type of payment you select. For instance, it accepts Visa and MasterCard for free money transfers.
What I personally love about Skrill is that they started to build notoriety not only through guerilla marketing strategies but also through kindness and solidarity.
Back in 2020, Skrill’s former CEO, Lorenzo Pellegrino, said:
“We at Skrill notice SMBs struggling to provide valuable services to our communities in today’s trying times and, as such, see the need to pull together and help each other collectively.
Skrill processes payments—that’s what we do—and we will do this for FREE for these companies.”
As a company, and thanks to its board of directors, Skrill knows that a good payment processor has to provide security, be there for its customers, and safeguard the whole financial digital environment, even when small businesses need that the most.
Savvy Tip: I have seen operators asking for different minimum deposits, and their minimum withdrawal limits may also differ, but you should remember that depending on the region you are placing bets from, Skrill casino platforms may impose some taxes to your transactions. I know for a fact that players from the United States have zero fees while users from Canada have to pay 2.5% per transaction. If you are from the United Kingdom, you expect an additional tax of 1%.
Skrill Payout time
The primary benefit of using Skrill is the instantaneous processing of your payment and withdrawal requests. Skrill casinos have a reputation for being quick when it comes to processing deposits, which is good news for any player.
Compared to bank transfers, which might take multiple business days, the time you save is substantial. Your funds will often be available to you within seconds, though this may vary depending on the waiting time policy of the specific casino you’re withdrawing from.
Skrill Casino Bonuses
The best part is that many gambling sites provide enticing casino bonuses to gamers who choose to use them as their preferred mode of deposit.
There are many types of Skrill casino bonus promotions, including but not limited to: free spins, no deposit bonuses, cashback, welcome bonuses, and reload offers.
After claiming hundreds and hundreds of casino bonuses, I noticed that right after you become a member of a casino community, you instantly get access to everything they have to offer. Personally, I love to go through their “Promotions” page and just read bonus terms and conditions. This is how I identify incentives that fit my play style.
At the same time, it is the only way you can find out if a casino promotion is compatible with Skrill.
Some Skrill casino UK websites choose not to let users depositing via e-wallets qualify for certain bonus kinds. Each casino has its own set of guidelines for these promotions, which may be found in the terms and conditions.
Pros and Cons of Skrill Deposits
Pros
- Instantaneous processing times for deposits and withdrawals facilitate convenient financial transactions.
- Creating an account is free.
- There are numerous ways to add money to your account, such as Bank Transfers, Trustly, Paysafe Card, debit cards and many others.
- It’s risk-free because it has top-notch safety measures, like Two Factor Authentication.
- It’s so popular as a gaming payment option that it’s accepted at a wide variety of top international casinos.
- It is a reliable and secure online payment service that is supervised by the Financial Conduct Authority.
- You can log into your account from any computer or mobile device.
- It provides its users with a prepaid card on their account.
Cons
- Skrill’s customer support is insufficient, as the business does not offer a Live Chat option. They have a chatbot, Sofia, but she won’t put you in touch with a human support staff member
- It isn’t as widely used in e-commerce and other areas besides gaming
- The casino will not generally charge any fees, but deposits and withdrawals to and from your account may be subject to a fee
- To prevent bonus fraud, several online Skrill casinos do not allow players to deposit this way, meaning that some offers may be unavailable
Skrill Alternatives
I am sure that you love Skrill, and right after your first interaction with this method, you will definitely want to keep using it. I don’t blame you; it’s safe and fast, and it guarantees that your data is protected by strong encryption protocols. However, the time will come when Skrill won’t be on the accepted payment method list.
Let me tell you that there are multiple other payment processors that I trust. You can take my suggestions into account and find an alternative for yourself. The top providers I would encourage you to go to are the following:
If you’re in the market for the best prepaid card, then Paysafecard casinos are your top option. It’s fast, safe, and reliable.
If you wish to play with big sums and be anonymous, then cryptocurrencies like bitcoin, Ethereum, Litecoin, or Dogecoin may be for you. There is a list of crypto casinos already available on SlotsCalendar.
Pay-by-phone casinos are also an option if this payment method is available in your region.
E-wallet Battle: Who’s the Best?
| Skrill | PayPal | Neteller | |
| Fees | Deposits are 1%.
Withdrawals are up to 7.5%. Some casinos may charge a transaction fee. |
Up to 3.5% if you receive money. Inactivity fee of $9 per year.
Some casinos may charge a transaction fee. |
Withdrawals can have a fee between 0 and 3.99%.
Some casinos may charge a transaction fee. |
| Availability | +130 countries | +200 countries | +100 countries |
| Currencies | 40 | 25 | 22 |
| Associated Bank cards | Prepaid Mastercard | PayPal Mastercard, PayPal credit card | Net+ Prepaid Mastercard, Net+ Virtual Card |
In the case of fees, the best Skrill casinos are your top pick.
If you’re looking into availability, then PayPal is the better option, if you’re not from the 130+ accepted countries. I use PayPal only when it is the only e-wallet available method. They tend to charge fees for every transaction, even if the sum is small, so it may not be advantageous for players with a small budget.
If you wish to have a wide range of currencies, top Skrill casino sites will do the trick.
As for associated bank cards, it’s Neteller that has the most options.
Overall, it seems that the best Skrill casinos are the better option, although this can vary depending on each player’s individual wants and needs.
My Verdict
Skrill’s purpose is to provide users with a quick, secure, and efficient way to transfer money online. As a result, it should not be a surprise that there is a myriad of top Skrill casino sites available today.
Check out my extensive list of the best Skrill casinos on the market. I update it regularly to add all the newest gambling sites that accept this banking method so that you may always have all the information and the opportunities to win.
