Skrill Explained
Skrill is a UK-based 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, Optimal Payments was bought by Paysafe Group (which also owns Paysafecard, the prepaid card).
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 can 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.
How to Set Up a Skrill Account Online Casino
You may open a Skrill account for free. You must give some personal information, such as your full name, email address, nationality, date of birth, and currency preference. The procedure is simple and quick, and it only takes a few minutes. This is how to open an account in just 5 easy steps:
- 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.
SlotsCalendar Advice: Please keep in mind that the account must exist independently to the top Skrill casino site. So you must go through these steps before joining one of the very best Skrill casinos where you plan to use this banking method.
How to Deposit Money into a Skrill Account
Here’s how to fund your account and proceed to use this payment method at your chosen casino:
- 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.
SlotsCalendar Advice: Remember that all online casinos have a minimum deposit that you must reach in order to be able to fund your account. This can be £1, £5, £10, £20 or more. If you wish to deposit small amounts, look for a minimum deposit casino.
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, Portugal, and the United Kingdom.
No matter where you are you’ll find top Skrill casino sites to play your favourite games at. There are a few countries that stand out as these are the places where this e-wallet is used most often and 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 possible because of this banking method’s wide availability but also to the fact that you can make transactions using a mobile device and also play at top Skrill casino sites that are mobile-friendly.
How to Withdraw Money from a Skrill Account
It’s one of the quickest withdrawal methods for online casinos. Withdrawals are processed instantly by online casino operators. 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
While looking for the best online gaming experience, high rollers should look for online casinos that accept this method. Most online casinos that accept it also allow for large deposits and withdrawals.
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.
SlotsCalendar Advice: Be careful! There are different fees according to the country you reside in. For example, UK users have a 1% fee, Canadian players around 2.5%, and US players have 0 fees for transferring money into your account.
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 bonuses, including but not limited to: free spins, no deposit bonuses, cashback, welcome bonuses, and reload offers.
You’re eligible for a variety of bonuses that can increase your odds of winning, no matter if you’re a new or existing customer. While you have the option to deposit and withdraw using this e-wallet at any of our best Skrill casinos, there might be a catch.
Some casinos 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 that is linked to 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 casinos do not allow players to deposit this way, meaning that some offers may be unavailable
Skrill Alternatives
If you desire to have an alternative in case you find a great deal, but it isn’t available with this method, there are several others you can turn to.
If you’re in the market for the best prepaid card, then Paysafecard is your top option. It’s fast, safe and reliable.
If you wish to play with big sums and be anonymous, then Cryptocurrency, like bitcoin, Ethereum, lite coin or dogecoin may be for you.
If you’re from the UK and wish to do everything from your phone right away, then you can try Pay by phone options and deposit via SMS and use your phone credit or pay on your next phone bill.
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.
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.
Our 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 our extensive list of the best Skrill casinos on the market. We 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.