What Is Skrill? Skrill, formerly known as Moneybookers, is one of the leading international internet payment systems that issues electronic money, and is authorized under EU and UK laws. They are regulated by a United Kingdom company called the FSA or Financial Services Authority.   Skrill delivers a financial product that is very well suited for online sellers, small businesses, individuals as well as others who are unhappy with their current traditional payment systems. They are more popular...
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What Is Skrill?

Skrill, formerly known as Moneybookers, is one of the leading international internet payment systems that issues electronic money, and is authorized under EU and UK laws. They are regulated by a United Kingdom company called the FSA or Financial Services Authority.

 

Skrill delivers a financial product that is very well suited for online sellers, small businesses, individuals as well as others who are unhappy with their current traditional payment systems. They are more popular than PayPal in some countries as they accept clients from all over the globe.

Canadian players, one of the biggest markets for Skrill, will no longer be able to purchase or cashout via this method as of 31 January 2014. Due to new gaming regulations in Canada, the popular payment provider had to stop servicing Canadian account holders.

Skrill topics in the forum

How does Skrill Work?

Skrill allows businesses and consumers with valid email addresses to safely and (rather) cheaply send and receive cash online. You can use Skrill to send cash from a bank account or credit/debit card, and this is securely done via email. Use Skrill to make purchases online and to collect payments via email.

Skrill has a very wide network of global international and national payment options. They have one interface for payments, marketing and banking, and they allow you to make direct payments without having to register directly.

Refer A Friend

It's as easy as 1,2,3:

  1. Tell your friend about Skrill 
  2. Your friend opens an account (they must register using your personalised invite liink)
  3. Skrill gives you 10% of their fee payment

Pros and Cons Of Using Skrill

Skrill is among the most convenient payment options for casino players and there are numerous reasons for that. Overall, the fact that it is widely available and allows fast withdrawals with small, if any, fees is what makes it a favorite in the Cashier. 

Here are key advantages of Skrill in terms of casino banking:

 

  • Available in over 150 countries
  • Offered by numerous online casinos
  • Multicurrency account
  • Supports over 40 different fiat currencies
  • Ease of use with simple registration and transaction features
  • Fast and secure payment processing
  • Crypto-friendly
  • Mobile friendly
  • Casinos usually do not charge fees for Skrill deposits or withdrawals
  • Loyalty program and exclusive offers for active Skrill users
  • A variety of ways to fund your Skrill account – credit/debit cards, instant bank transfer, Paysafecard, manual bank transfer

In addition, players can use Skrill for a wide variety of online purchases aside from gambling, which is made even more convenient through the use of the Skrill prepaid card.

Despite the numerous benefits of using Skrill to deposit at an online casino, there are several downsides you should be aware of:

 

  • Skrill and/or Skrill Prepaid Card may not be available in your country. Before opting for this method, make sure to check the Non-Serviced Countries in the company’s Terms and Conditions
  • A large number of online casinos do not offer any bonuses or promotions for Skrill and Neteller users for reasons not officially disclosed

Rapid Transfer by Skrill

The Skrill e-wallet service has recently released a new product in their range of offering – Rapid Transfer. This is much like Pay’N’Play by Trustly, only with the added conveniences and affirmed reliability of this payment method.

Rapid Transfer has come about as a response to consumer needs for even better online transactions. This service meets all the requirements, especially since it facilitates direct bank transfer payments without putting your banking details at the risk of exposure, secures the entire transfer and executes it in real time.

Since its initial appearance, Rapid Transfer has accumulated quite a network of users, with over 200 million user testimonials proving to its functionality. What is more, it has partnered with over 170 banking institutions in about 20 countries from all over the world. Residents of Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Poland, the Netherlands, Portugal, Spain, Sweden, Norway and the UK are all eligible customers. To keep up with the rate of expansion, it has also adopted the top currencies used globally – SEK, NOK, EUR, GBP, DKK, HUF and PLN.

Rapid Transfer’s principle of operations makes the service as an intermediary between the customer’s online banking service and the top online casinos or other e-commerce platforms they’ve chosen. Just head to the casino’s banking page, select the payment method (should be featured as a separate option) and select your bank out of the list that will be displayed. This will redirect you to your familiar online banking platform where you will access your bank account, manage your balance, and specify the amount you’d like to deposit as casino bankroll.

All this is available at surprisingly low fees, which make this optimized and fully functional banking service all the more appealing. Security is just as paramount, as the payment processor uses highest encryption standards and protection. So, as long as you are lucky enough to qualify in terms of the country restrictions, Rapid Transfer by Skrill should prove to be your top choice for online casino banking practices.

 

Related Articles:

Skrill payment method fees and facts
Available accounts 1 account (1;2;3;4 different currency accounts)
Available currencies 41
One time signup bonus 15 USD Signup Bonus
Account management fees free
Account unused unused for 12 months: 1 EUR/month
Exchange fees (FX) 3.99% (3.79%; 2.89%; 2.59%; 1.99%)
p2p Money transfer
Send money p2p 1.9%, max 20 EUR (1%, max 10 EUR for bronze; 1%, max 2 EUR for above)
Receive money p2p free
Deposit fees
Bank transfer free
Instant bank transfer free
Credit card 1.90% (1.25%; free; free; free)
Withdraw fees
Bank transfer 3.95 EUR (3.95; free; free; free)
Cheque 3.50 EUR
Prepaid card at the ATM 1.75% (1.75%; free; free; free)
To merchant site free
Cashback and promotions
Promotions up to 100 EUR Bonus by becoming Skrill VIP
PrePaid card Skrill PrePaid MasterCard
Fee to order 10 EUR (free)
Costs at points of sale free
Online bank statement free
New PIN free
New prepaid card 10 EUR (free)
Cash withdrawal at ATM limits/24h 250 EUR (750;1,500; 3,000; 5,000)
Points of sale limits/24h 1,000 EUR (3,000; 3,000; 5,000; 5,000)
Delivery time 5-10 business days
Available currencies EUR, USD, GBP, PLN
Validation 3 years
Two factor authentication Skrill Two-step Authentication
Fee to order free app
Delivery time right after app installation is completed
Money-back guarantee in case of fraud for all Skrill customers using the 2-step-authentication
Link to terms & conditions https://www.skrill.com/

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FAQs

What is the Skrill Money Transfer service? Can I use it for online casino transactions?

The Skrill Money Transfer service is a unique payment processing service by the Skrill brand which enables both account holders, and those without a Skrill account, to make use of its secure payment transfer channels. More specifically, either the sender or recipient may not be Skrill customers, but Skrill Money Transfer still allows them to transact a given amount to the target bank account, or mobile e-wallet. For this purpose, the specific service uses your email (also linked to your online banking) or phone number (for the mobile wallet). That way, the money transfer doesn’t compromise your identity and private info, but still practices high-end security and encryption.

Can I claim casino bonuses and offers when using Skrill as a chosen banking method?

A minor inconvenience for Skrill online casino players is the fact that, sometimes, operators are known to offer bonuses which exclude Skrill (and Neteller) deposits from the eligible lot. Nevertheless, this has to be specified explicitly in the bonus terms and conditions, meaning you should have no problem identifying such offers and turning them down for more accessible player benefits.

What are some reliable alternatives I can use instead of Skrill for my online casino banking needs?

Since Skrill has risen to the top of the online payment processor brands, it is only understandable that their customers would settle for nothing less. If you are seeking out a suitable alternative to Skrill that would be more available, convenient, yet hold the same high level of service quality, then the likes of PayPal, Neteller and Trustly are top options.

Will I be able to access my Skrill account and perform funds transfers via my mobile phone?

Yes, Skrill is fully available on mobile devices, smartphones and tablets both. It can be accessed either by a downloaded app or directly through the instant website version. Either way you choose, you will be able to fund your account, send money online, execute purchases and payments, and withdraw funds straight to your e-wallet, or finally bank account. This is particularly convenient for mobile casino players, looking to get all the accessible convenience from a single portable device.

What cryptocurrencies will I be able to buy, sell or store using this e-wallet service?

One of Skrill’s notable features is the ability to facilitate buying and selling operations for cryptocurrencies. The e-wallet allows account holders to transact with up to 40 different fiat currencies in order to buy, sell or pay for things using Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, EOS, XLM, Litecoin, 0x and XRP.

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