Skrill is one of the two eWallets frequently featured on the online gaming scene. Speed of withdrawals is one of the many benefits which have made this banking option popular among players from different parts of the world. It allows them to send and receive money via the internet and pay with nothing else other than an email address and a password.
The company was established in 2001 as Moneybookers and later on rebranded to operate as the Skrill Group. In 2011 Payolution becomes part of the Group and Skrill expands its product range by adding Pay by Invoice and Pay by Instalments. One year later, they launch Skrill 1-Tap, a single-click payment platform enabling mobile-friendly transactions.
Following their vision to become the preferred online payment method, in 2013 Skrill acquires PaySafeCard and the following year does the same with Ukash. Today the company facilitates digital payments in nearly 200 countries and in 40 currencies.
To start using Skrill services, you’ll first have to create a Skrill wallet. It will take no more than a few minutes to do it, though if you wish to enjoy higher payment limits, you’ll have to go through a verification process necessary for confirming the client’s identity. Verification is done by uploading a copy of one’s driving license, passport or national ID card.
Once you acquire a wallet, it’s time to fill it. Customers are offered to fund their Skrill accounts with bank transfers and via credit and debit cards (AMEX, VISA, MasterCard, JCB, Diners, Maestro, Laser, Carte Bleue, CartaSi, Postepay).
In some countries one can also use PaySafeCard and there are a few other market-specific options. When uploading the money with a credit/debit card, Skrill might offer you to choose the purpose of use, with the two options being gaming and non-gaming.
Be careful when making your selection because non-gaming funds can’t be used for payments at gaming venues.
When there are funds to be withdrawn from your Skrill account, you’ll be able to collect at an ATM with Skrill Prepaid MasterCard, or alternatively transfer money directly to your bank account or a credit card.
While opening of a Skrill account and receiving money is free of charge, there are fees to be paid for uploading and withdrawing funds. Filling your Skrill wallet might incur zero to 15% additional cost, and you’ll be charged a flat €5.50 fee for transferring money to a bank account, 7.5% when withdrawing to VISA, 1.45% when using a mobile wallet, and 1.75% if cashing out via an ATM.
Easy-to-use Skrill mobile app, downloadable via Google Play and App Store, lets users access their accounts wherever they need to.
Skrill Prepaid MasterCard is available in Euros, British pounds, US dollars and Polish zloty. It enables you to pay online and in retail outlets featuring the MasterCard acceptance logo, and can also be used to withdraw cash at one of 2 million ATMs around the world. Skrill Virtual Prepaid MasterCard is a convenient tool for making online purchases but can’t be used offline nor at ATM machines.
Users account login, personal details and all transactions are secured using SSL 128-bit encryption technology certified by VeriSign. When you’re making a payment, the receiving party won't see sensitive financial information such as your credit card or the bank account number.
The two Factor Authentication (2FA) provides an added layer of security with a 2FA code sent to user’s mobile device. Those who wish to use it will need to download Google Authenticator app because they’ll be asked to enter the 2-factor authentication code while logging into their accounts.
Even though this service requires an additional action on your part, using a 2FA code together with an email address and password makes it harder for fraudsters to gain access to your personal data. One can also set up PIN Authentication used upon login, when they send or withdraw money.
Furthermore, Skrill uses various tools to monitor every single payment going through their system and analyse account behaviour. This is done to make sure it’s you doing the payments rather than a hacker spending your hard-earned money.
Providing the real money casino operator accepts Skrill payments (which most of them do) and there is money in your Skrill wallet, you can fund your casino account in less than a minute. Simply select Skrill from the list of payment options, enter the same e-mail address you used when creating Skrill account, and choose the amount you wish to deposit.
The process is exactly the same the other way around and you won’t need to share any sensitive information in order to request a withdrawal. Ewallets are known to be the fastest cash-out option available, letting players enjoy their winnings a day or two after their request has been approved.
There are a number of reasons why an online player should use Skrill. This is a simple and convenient payment method enabling instant deposits and fast withdrawals.
Once the money arrives, you’ll have several different options to choose from in order to access it.
Multiple security measures are implemented to keep your money out of fraudster’s reach, and an important advantage over credit / debit cards and several other alternatives is that no sensitive information need to be shared with the casino. T
he only major disadvantage is that some gaming sites penalise depositors by withholding their welcome offer, so it’s advisable to read promotional Terms before you choose how to pay.