Using Skrill as a Casino Payment Method
What is Skrill?
Skrill has been in the online transaction processing industry since 2001, a year after Paysafe Card’s establishment, and three years following the conception of PayPal. Even with the slight lag in an online presence the company quickly became a leader in the business of handling online transactions. Skrill gives clients access to an e-wallet or personal bank account online. The user of the account can receive online payments and they can upload funds to the account so the Skrill account can be used for making purchases or funding other online accounts, like casino player accounts. Those who wish to sign up for an account can do so at no charge through the company’s official website. You will need to have an email address that is valid in order to sign up for an account.
The company behind Skrill started out in 2001 originally as Moneybookers and was later rebranded as the Skrill group. It was in 2002 the company was the first European-based e-money issuer that was regulated by the FCA. Five years later Moneybookers was bought out by Investcorp Technology Partners. Two years after that Moneybookers became a partner with eBay and a year later the Moneybookers name was starting to be replaced with the new Skrill branding. The same year in 2010, Skrill gets ranked in the Sunday Times Deloitte League Buyout Tract Table and is noted as being one a private equity sported business with the fastest growth in the United Kingdom. Skrill buys Paysafe Card, another top-notch payment processing provider. It then buys Ukash a year later thereby expanding its stretch in the global marketplace for payment processing solutions. Currently, the company caters to millions of customers in over 200 countries and handles more than 40 currencies. The company is in the United Kingdom, Austria, Sweden, and the United States.
Using Skrill in the Virtual Environment Setting
When you establish an account with Skrill you have to fund the account with cash. You can deposit funds in the account with a bank transfer, credit card, or other acceptable means. Skrill makes the money instantly available. You can cash the funds out or transfer to other payment processing solutions. You can use Skrill to pay for purchases at any virtual venue that has partnered with the company. Users can payments to others online provided they have a Skrill account. It is possible to transfer funds from your account to your banking choice, but this process may take a few days to complete. There are fees in association with the use of a Skrill account. The fees will differ depending on the monetary amount you’re dealing with and the type of transaction you are performing. To receive or send funds via the Skrill account, there is a maximum €10 fee. There may also be a foreign exchange rate fee applied when you start working with different currencies.
The fees charged for using the different services also vary. The maximum fee you might be charged is about 10 euros. If the currency of the payment is different than the currency on your account, a foreign exchange rate Skrill charges for the transaction. Any transaction you make is not only entirely anonymous, but it is secure and keeps your private details safe.
Using Skrill in the Online Gambling World
With just a few minutes you can sign up for an account and the site is easy to use. You can connect your bank account and store cards to Skrill and make payments by simply using your email address and a password. Skrill relies heavily on anti-fraud measures to ensure your safety at all times and with each transaction available. The account is ideal for shopping, trading, gaming, and wagering. You can therefore deposit funds into a casino player’s account with considerable confidence and speed. What’s really nice about Skrill is that you end up with depositing and withdrawal options and the payment solution is so pervasive it is fairly hard to come by an online casino that doesn’t offer Skrill as a banking solution. Find an online casino allowing you to deposit via Skrill, today!
Funding Your Player’s Account with Skrill
Simply visit the banking page, cashier page, or depositing webpage of the casino of your choosing. Follow the instructions on how you can fund your account with the Skrill e-Wallet solution (or sometimes still called Moneybookers). You need to use your email address as well as the password you used to sign up for your Skrill account in order to fund your player’s account. Choose the appropriate currency and fund the account with the amount you desire. Skrill processes the cash via an instant transfer.
Cashing Out with Your Skrill Account
If you can fund the account, you can cash out just as easy as you simply request a cash out to your Skrill account. Usually no fees are involved in making transactions and cash out is quick.
Skrill Pros and Cons
Skrill’s speedy transactions, anonymous spending solution, low to no fees associated with transaction, and simple deposit and cash out measure make it an appealing payment solution. The security of transactions is another appealing draw for online casino fans looking to keep transactions safe. One disadvantage is that US residences cannot use the account to wager at casinos online. Now what casinos can you use Skrill for account funding? Many NetEnt Casino’s support the payment method as do hundreds of other alternative casinos online.
Read our guides on all other most commonly used casino payment methods. We’ve gone through their requirements on deposits and withdraws, how to best make use of them, and their pros and cons; choose your guide below and become a better player, today!