Online casinos have existed for a few decades now, but things have not always been as they are now. In the early days, the internet was not nearly as prominent as it is now, and as such neither were online casinos. It didn’t take long for casinos to catch on, however, because they were very convenient for people who did not necessarily consider driving to a casino to be an option. Nowadays online casinos are common knowledge to most people and are able to be accessed by everyone
Before online casinos could really become popular, however, it first took an easy way for players to fund their accounts to become existent. This is where e-wallets came into play. As soon as e-wallets provided a seamless way of funding an online casino player account, online casinos became easy for everyone to take advantage of.
*At the moment, no US online casinos still accept Skrill, but we can recommend Cafe Casino for some great alternatives.
Protections Provided by E-Wallets
If you are a frequent credit card user, you might be wondering why anyone would choose to utilize e-wallets. After all, credit card deposit show up instantly just like e-wallet deposits, so why switch? The simple fact of the matter is the e-wallet deposits offer you, the consumer, many more protections than traditional methods of deposit.
The way an e-wallet works is by acting as a bridge between your bank account and your online casino player account. Instead of simply giving an online casino your credit card number or bank account information as you would with credit cards and wire transfers, you are giving them nothing more than your e-wallet password. By not ever giving the online casino your actual bank information, you are protecting yourself and your financial information. In addition, modern e-wallets have some of the finest protections in the industry. Like credit cards and traditional banks, e-wallets do everything they can to ensure that your information never falls into the wrong hands. You will find, through some research, that e-wallets like Skrill are about as safe a way to deposit funds as exists online today.
Skrill has been in existence since before the online casino industry was ever created. The company has been facilitating transactions for people all over the world and in any number of different currencies. Their extensive track record and overly positive reputation across the world means that they can definitely be trusted by you for use in depositing at online casinos.
On top of all of this, Skrill deposits and withdrawals tend to carry lower fees than most other methods of deposit and withdrawal. In some cases, online casinos have worked out deals with Skrill so that players, under certain circumstances, are able to deposit free of charge. This is not something you will encounter all the time, but definitely exists. You can search high and low, and compare, but you will find that Skrill deposits and withdrawals are affordable and will not cost you as much as some other, newer methods of deposit. At the end of the day, however, it is important to remember that a bit of research is required before ever committing to any single method of deposit or withdrawal.
Why are e-wallets such a popular online casino transaction method?
This method of deposit and withdrawal is so popular because it offers more in the way of consumer protection than traditional credit card deposits can. By linking to an e-wallet and then subsequently depositing at an online casino, you are never exposing the casino in question to any of your personal nor financial information. Though most online casinos operate within the realm of the law, you can never be too careful with your money.
Do e-wallet deposits and withdrawals carry fees?
In almost every circumstance, you will find that e-wallets like Skrill see their deposits carry fees at most online casinos. While the exact nominal amount of the fee will vary form site to site, you can rest-assured knowing that there will almost always be a fee levied against deposits and withdrawals via e-wallets.
Do all casinos accept deposits made via Skrill?
Not every casino under the sun will accept a deposit made via Skrill, but you will find that those that do are becoming increasingly frequent. Most often you will find that online casinos more often than not accept deposits made with Skrill. A good way to find out whether or not this is the case is to do a bit of research prior to ever attempting to make a deposit. Most online casinos will show you every accepted method of deposit and withdrawal.
If I can deposit via Skrill, can I also withdraw via the same method?
As is the case with most every financial method of deposit, the casino that accepts it is not always going to facilitate cash-outs via the same method. Once again, it is important that you do some research beforehand in order to determine what are accepted withdrawal methods and what are not.