The way we move money has changed. Gone are the days of checks and wads of cash. Now, everyone transfers fund via e-wallets or cryptocurrency. Out on the town for drinks? Venmo your friends. Gambling online? Use Skrill.
Moreover, the benefits of online money-moving tools extend beyond the day-to-day, and they’re particularly useful for gambling at online casinos. Skrill is a special e-wallet that many online gamblers turn to because of its easy-to-use features and security.
|Rank||Online Casino||Key Info||Bonus Info||Visit Casino|
In this article, we’ll break down what Skrill is and how to get started at your favorite Skrill online casinos.
Skrill vs. Other Banking Methods
How We Choose Casinos
How to Make a Deposit
Skrill Transaction Times and Fees
Skrill Online Casinos FAQ
What Is Skrill?
Skrill is an e-commerce business that provides online money transfers to more than 200 countries around the world. The company has over 16 million users worldwide, with headquarters in London. Skrill was created as Moneybookers and rebranded by its current owners in 2010.
The Skrill Money Transfer system can be used to send money in various ways. The most common method is by using a personal credit or debit card. Other options include using cash at an authorized retailer, or via online payment systems such as OKPay, PayPal, and Webmoney.
There is no restriction on the amount of money that can be transferred, but transfers may take several days depending on the selected method of payment and destination country.
The legal status of Skrill as a financial transfer service is regulated by Maltese law. This means that the company has to comply with all necessary regulations and legislation to continue its operations.
Skrill offers a number of competitive advantages to its users. These include:
- Quick and easy money transfers by using credit or debit card
- Instant money transfer method through cash at retailer outlets
- Cashouts in casino and sports betting sites (If you bet on any European bookmakers, you can deposit using Skrill and withdraw using Skrill)
- One of the lowest fees on the market for money transfers
Skrill Compared to Other Banking Methods
Highly reputable and popular e-wallets such as PayPal and Neteller have become market leaders in the field of online money transfers. However, Skrill has a number of advantages over these systems:
- A single user account can be used simultaneously for multiple accounts on different websites
- You do not need to confirm or check your account with your mobile phone
- You can make deposits using cash at retailer outlets without the need for bank cards
- Skrill offers competitive fees on international transfers, and flat rates for domestic transfers
However, even though Skrill comes off as the best e-wallet for online gamblers, there are a few things that make it less than ideal. To describe these things, let’s compare Skrill to other deposit/withdrawal methods real money gambling sites use.
Skrill vs. Cryptocurrency
One of the most popular cryptocurrencies for online casino deposits is Bitcoin, which has a variety of advantages over Skrill:
- Transactions using cryptocurrency are much faster than those using credit cards
- You do not need to provide personal details or upload any documents for transactions under certain limits
- Cryptocurrencies such as Bitcoin have fluctuating exchange rates, which means that you can make more money if the price rises
- Cryptocurrencies are decentralized and cannot be blocked by any bank or regulator.
And moving outside the realm of Bitcoin, cryptos like Ethereum, Litecoin, and XRP provide even faster transaction times and even lower fees. That’s why cryptocurrency is the payment method of choice for many gambling enthusiasts.
Skrill vs. Other E-Wallets (PayPal and Neteller)
Skrill’s main advantage over other e-wallet services is that it has lower fees and provides more payment options. Though PayPal transactions might be faster, they are also more expensive than those of Skrill.
But Skrill is more widely accepted than PayPal at US online casinos.
Neteller is a good alternative for Skrill as far as non-banking methods go, but this system has transaction times that are a bit longer.
Skrill vs. Debit or Credit Cards and Bank Wires
These methods of payment depend on your country and the banking system you use, but they usually cost more than Skrill.
However, these deposit/withdrawal methods are almost universally accepted at a large number of online gambling sites; some even enable players to make deposits and cashouts as many as five times per day for certain limits.
But their ease of use comes at a cost. Transaction fees are often higher than Skrill’s, and you’ll have to wait longer to see your winnings hit your bank account.
How We Choose Our Picks for Best Online Casinos
There’s a lot that goes into choosing an online casino. Not all casinos are worthy of your hard-earned dollar, so setting a list of criteria will help weed out the bad eggs.
Here’s how we determine what real money gambling sites are great to use:
Reputation and Licensing
Reputation is key when determining which casinos to recommend, and that goes beyond just looking at their track records. We review the licensing information on every site we list.
All legal gambling operations, including sportsbooks, must be licensed by a governing body, like the UK Gambling Commission or Malta Gaming Authority (MGA). This indicates to players that the casino abides by fairness guidelines set by the governing body and has had their site reviewed for safety.
Another good way to gauge an online casino’s legitimacy is to read reviews on forums, Reddit, and Yelp. In many cases, players have a lot to say about where they gamble, but it’s best to take their reviews with a grain of salt.
Variety of Banking Options
Even though you might have a preference for Skrill, it’s good to see what other banking options a casino offers.
The more well-known banking options a casino makes available to players, the more dedicated they are to their users. For example, if a casino only offers one method of payment, it can exclude whole demographics. And if they offer too many, it can become overwhelming, driving players away.
Great Game Selection
There’s a lot to be excited about when you play at a casino. The thrill of throwing the dice, the rush of placing a bet on a sporting event, and the excitement of playing slots are just some examples.
We’ve seen online casinos offer as few as 15 games up to more than 1,000 titles from various software providers. No matter your preference for game type, it’s crucial that you pick an online casino that you won’t get bored by. You can check out some of our favorite games to look for when choosing a Skrill casino below:
If a casino offers live dealer games, it’s a good sign. They’ve invested in physical property and have paid employees working these games, and that’s a big investment to make if they’re just scamming players.
Impressive Site Security
Real money gambling sites are a hot ticket item for hackers. Because there are so many players depositing and withdrawing funds, entrusting the casino with their information, it can be a cash cow for a hacker with the right intel.
Casinos that offer this level of protection are proud and will often display their security credentials in the footer of their website. If you’re wary of an online casino, check reviews online done by professionals before giving them any of your details.
Responsive Customer Service
Another way to determine how much a casino cares about its players is to see if its customer service team can be reached quickly and easily.
Good sites should have an email address, phone number (or Skype), FAQ section, knowledgebase, or other contact information readily available on their website. If you find any casino site that doesn’t offer any of these options, you can bet they’re hiding something.
If an online casino doesn’t make it easy to contact them, there’s a good chance they might be trying to hide poor customer service or unfair practices.
In today’s modern age, live chat features are very popular. Look to see if the online casino you want to play at offers this feature. You want to be sure you can easily connect with a representative in the case of something going awry.
How to Use Skrill to Make an Online Casino Deposit
In this section, we’ll be covering how to use Skrill to make a deposit at an online casino.
To make a deposit at an online casino using Skrill, follow these simple steps:
Step 1: Download the Skrill App. The app is available on the Google Play and App Stores, and it’s a necessity for making deposits at online casinos.
Step 2: Create your account. Skrill will ask for some verification information such as your name, address, email, and your bank account or credit card information. To become a verified Skrill user, you’ll have to deposit at least $5 in your account.
Step 3: Navigate to your online casino’s cashier page. This is where you’ll open your account to make a deposit. All you have to do is select the Skrill deposit option and connect your Skrill account.
Step 4: Gamble to your heart’s content. Your funds will arrive in your casino account within a few minutes, after that you’re free to bet on the roulette wheel or play the slots. When the time comes to withdraw your winnings, simply go to the cashier page and select Skrill as your method of withdrawal. It’s that simple!
Skrill Transaction Times and Fees
Among e-wallets, Skrill has some of the best transaction fees. For transactions between Skrill users, you can expect a 1.9% fee. While that’s not the lowest fee we’ve seen from deposit methods, it’s not terrible.
Cryptocurrency fees (if you choose the right crypto) can be less than a cent per transaction!
Withdrawing money from your Skrill account to your bank account will cost you a flat rate of $5.50. While it seems steep if you’re only moving $50, but for larger transaction it’s a low fee compared to PayPal.
Funds deposited to online casinos using Skrill become instantly available, but withdrawals might take 3 to 5 days to arrive back in your wallet. Not ideal, but that’s the price we pay.
Other Fast Payout Solutions
Litecoin Online Casinos
Litecoin is one of the fastest, easiest cryptocurrencies for online gambling.
Online Bitcoin Casinos
Bitcoin is the most widely accepted cryptocurrency in the online gambling industry.
Ethereum Online Casinos
Ethereum is an eco-friendly alternative to traditional crypto. Plus, it’s lightning fast!
Skrill Online Casinos FAQ
Making deposits at online casinos using Skrill can bring up many questions and concerns, especially if you have never done it before. We have done our best throughout the content of this page to answer those concerns but we realize that may not have been the case. Below you will also find our answers to the most commonly asked questions that we receive from our readers.
Is Skrill and Moneybookers the Same Thing?
Yes, Moneybookers was the original name of Skrill, and some online casinos still call it by that title.
How Long Does It Take to Make a Deposit Using Skrill?
After you’ve signed up for your free Skrill account, which takes only a few minutes, you can make deposits instantly. Your money will show up in your casino account after a few moments, but withdrawals might take significantly longer.
Is Skrill the Best E-Wallet?
Comparing it to PayPal, yes. The fees for Skrill transactions are significantly less. Neteller and Skrill are about tied for efficiency and transparency.
Is Skrill the Fastest Deposit Method for Online Casinos?
While deposits with Skrill are instant, the withdrawals are the problem. It can take up to five days to get your winnings. But by using cryptocurrency, you can get your funds almost instantly.
Are Skrill Deposits Safe?
Yes. Skrill has been around since the early 2000s, so they’ve perfected the business of secure online transactions.