Skrill, or Moneybookers is a reputable payment option online available in several currencies around the world. Skrill is an electronic wallet that has been established as a safe, convenient, and fast method for transferring money to and from online casinos. Loved not at least by high rollers, online gamblers can use Skrill at almost any online casino as it is supported by nearly every brand around the world!
Skrill was founded in the year 2001 at which time it originally went by the name Moneybookers. It was rebranded just a few years ago. The services offered, however, are exactly the same. It is a money service business that serves people all over the internet. It is one of the safest and most secure methods to use if you want to play online. It has one of the most favorable payment options for transferring funds virtually.
When you want to start making your deposit using this payment method, follow these steps:
If you have made your casino deposits with Skrill, or with MasterCard, then the casino operator will process your withdrawals back to your Skrill account.
Finding an online casino that supports payments with Skrill is not an issue. Many, if not all, online casinos accept this electronic wallet as a way to manage your casino banking. One great advantage of using an e-wallet like Skrill is that you do not have to register any banking details with the casino. You simply store the details of your Skrill account with the casino and banking information in your Skrill account, then when you use the service you can move money to and from the service account and then to and from your bank account, however, in the interim, the casinos themselves do not see or receive any data on your bank account. They only receive the data from your electronic wallet. This basically allows you to handle all of your banking information in one place, making effortless withdrawals and deposits.
When you use this payment method you can make fast and simple deposits as well as getting your withdrawals within 24 hours. The main reason, however, for why high rollers use Skrill is the ability to transfer large sums, both to and from your casino account, undetected by your bank.
Looking at the disadvantages there are a few issues that may be of concern to some people:
1. To use Skrill you must open an account with Skrill, their website is not available in all languages so if English is not your mother tongue then you may find it difficult when it comes to verifying your Skrill account for the first time or to fully understand how to get the best out of your Skrill account.
2. It is not free to use all of the different Skrill services. Most e-wallets, including Skrill, is free of charge when you use your account to pay for services or products online or when you need to transfer money FROM your bank to your Skrill account. However, you will have to pay a commission fee if you want to transfer money from Skrill TO your bank account. The amount is normally a small % based on the amount you want to transfer. The best use of Skrill is, therefore, to get your casino winnings paid out to your Skrill account and then leave the money there and use it as a wallet for your future payments online.
If you want to use an electronic wallet but find out that Skrill may not be available in your language or that the commission is high for the specific service you need then we recommend checking these conditions at another E-wallet like Neteller. E-wallets all share the same advantages but may differ when it comes to the disadvantages mentioned here.
Besides some possible disadvantages mentioned above, related to the payment method itself, there is also a potential disadvantage on the casino side. If you are eligible for a casino bonus, like a Welcome bonus or Match bonus with your next deposit, you need to pay attention to the terms and conditions of the bonus as you may not be eligible to the bonus if deposit with Skrill or Neteller. If this is the case you will see a message in line with; " deposits made by Skrill or Neteller, are not eligible for the Welcome bonus". In most cases, this is a condition related specifically to the Welcome bonus or other bonuses offered specifically to customers that open a new casino account. The issue seems to be international fraud networks using E-wallets to abuse the casino bonus system at an early stage before the identity account can be verified. As soon as your casino account has been verified, you will also be able to take advantage of large online casino bonuses.
One of the biggest advantages of using this payment method is the fact that it is highly secure. With this payment method, you get a two-step authentication process to protect your details and make sure that every transaction remains guarded against fraudulent activity. You also get maximum security from the fully guaranteed encryption offered by the company. Moreover, this particular financial method is authorized by financial conduct authority to regulate all over the world so it really doesn't matter where you are, you will still receive top-notch safety features which will keep all of your customer information and banking data safe. The companies themselves have their own safety measures in place that help to mitigate fraud the same as each casino do. So as long as you are operating on a casino that is regulated by a gaming Authority and you use this payment method, there is nothing to worry about with regard to safety.
One of the main reasons that people playing at online casinos prefers electronic payment methods like Skrill and Neteller is because of the faster transfer times, especially when it comes to withdrawals. Your deposit is available in your casino account instantly and when you want to make a withdrawal this can be processed in as little as a few hours if you are a high roller, and usually within 24 hours for regular players, so you never have to wait a long time to start playing or to enjoy your winnings.
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