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- Transparency of transactions
- Lack of central regulation
- Complete anonymity
In this guide, we will explore details about the Skrill payment method. We’ll start with an overview of the banking processor and show you the benefits of using it at online casinos. You will also learn how to make use of Skrill at gambling sites that accept the method.
Follow us as we guide you through instant payments with Skrill at casinos.
Skrill is a digital payment wallet that allows users to transfer, receive, and store funds. All you need to make payments with Skrill is your email address and password. You can deposit and withdraw funds on several online platforms, including gambling sites.
The e-wallet is used by over 40 million people across 100+ countries. It supports more than 40 fiat currencies and over 40 cryptocurrencies. In addition to Skrill e-wallet services, it also offers a prepaid MasterCard that can be used for payments at various websites.
Making payments or receiving money in your Skrill wallet does not attract transaction fees. However, there may be charges for uploading money to or withdrawing money out of your wallet.
The charges vary, depending on your payment method, country, and currency. If there’s a need for currency conversion, there may also be an additional fee. You will always see the charges when you’re about to make the transactions.
Skrill operates via its website and mobile app, which is available for free on Android and iOS devices. Creating a Skrill account takes only a few seconds, and we will explain further in this guide.
Established in July 2001, Skrill was originally named Moneybookers. It was founded in the United Kingdom by Daniel Klein and Benjamin Kullmannhich and was the first company to receive an electronic money license from the Financial Services Authority. In its first year, it registered over 2 million users.
The company was acquired by Investcorp in March 2007 after which it grew to become one of the top online payment solutions in Europe. In 2011, Moneybookers announced that it would undergo a rebranding to Skrill, which was completed in 2013.
After its rebranding, Skrill Group acquired Austrian prepaid service, Paysafe Card, in the same year. In August of that year, Investcorp agreed to sell Skrill Group to CVC Capital for EUR 600 million. Fast forward to 2015, Optimal Payments (parent company of rival firm, Neteller) acquired Skrill. During the acquisition period, Skrill Group also announced its purchase of Ukash.
Towards the end of 2015, Optimal Payments rebranded as Paysafe. Since then, Skrill has been a brand under the Paysafe Group. It has continued to expand its services since 2015, adding international transfers and crypto trading in 2018. The company also launched a loyalty program to reward its regular users.
Skrill has won many awards over the years. The most recent one was the award for the “Best Digital Wallet” at the 2023 Digital Banker’s Global Payments Innovation Awards. It has also partnered with many organizations over the years. In 2020, it announced a 4-year partnership deal with Seria A football Club, AC Milan. The company is authorized by the United Kingdom Financial Conduct Authority.
Quick facts about Skrill:
Except for cards like Visa and Mastercards, Skrill is the most common banking method at online casinos. The following advantages are why Skrill is so popular at casino sites:
Unfortunately, users may face some drawbacks at online casinos that take Skrill payments. Here are some you need to consider:
You must first register a Skrill account to use the e-wallet at casino sites or other online platforms. An account can be created on the website or the mobile app.
After creating a Skrill account, you must then fund the wallet. Funding your wallet can be done through cards, online banking methods, other e-wallets, or wire transfers. The funding methods vary with countries. Once your Skrill wallet is funded, you can then proceed to the casino site.
Adding funds to your casino account with Skrill is pretty easy. You can get it done through the following steps:
Cashing out is also as easy as depositing. Skrill withdrawal time is also usually instant but may be delayed by the casino.
Here are the steps to withdraw:
After funding your casino account, the natural thing is to start playing your favorite games with real money. Fortunately, the best casino sites that accept Skrill are loaded with thousands of games, across different categories. You’ll never get tired of playing at such gambling sites.
Here are the popular types of games to expect at gambling sites that accept Skrill:
As previously noted, there might be restrictions at some gambling sites when it comes to claiming casino bonuses with Skrill. Despite that, you’ll still find a couple of top casinos without these restrictions.
As long as the casino does not ban the use of Skrill for bonuses, then there’s no limit to the kind of offer you can claim. These include welcome bonuses, no deposits, reload offers, referral commissions, cashback, free spins, high roller rewards, and VIP/loyalty bonuses.
The ease of use and speed of e-wallets like Skrill makes it easy for players to abuse bonuses. Since one could use multiple e-wallet accounts without verification, some players exploited this in the past and claimed bonuses multiple times.
Furthermore, it takes more time and effort for casinos to verify users’ data with e-wallets since they’re not directly connected to bank accounts. Some players have used this loophole in the past to take unfair advantage of casino bonuses. As a result, some gambling sites exclude methods like Skrill and Neteller for deposit bonuses. However, you may be able to claim other bonuses that do not require deposits.
Finding online casinos that take Skrill isn’t difficult as they’re widely available on the internet. What may be difficult is finding the best one for yourself. You’ll need to consider several factors to pick one that will suit your gaming style and needs.
Start by checking the security and license status of the casino. Only consider playing there if the casino uses a valid gambling license and valid SSL certificate. After that, you must check the casino’s collection of games, selection of bonuses, customer support, mobile compatibility, and other payment methods.
As players ourselves, our team understands what gamers seek at online casinos. Hence, we have identified mobile-friendly Skrill casinos that feature large game libraries plus outstanding bonus programs. These sites were also found to offer excellent customer service and numerous payment methods. Our analysts have picked the best of these Skrill casinos and featured them on our site, so you can easily find a good one for yourself.
Almost all modern online gambling sites are mobile-friendly and those that accept Skrill aren’t different. You’ll find hundreds of Skrill iGaming platforms that work perfectly on mobile devices. You can access the sites whether you have an Android, iOS, or Windows device. The only requirements are a stable internet connection and a good mobile browser.
Some Skrill iGaming websites also offer a downloadable mobile app. These mobile apps are usually compatible with Android and iOS devices. Depending on your location, you may find the apps on the Google Play Store or Apple App Store.
The process of making payments with Skrill does not charge, regardless of the device. Even if you use an app, it still works the same way. Skrill payments are always fast, easy to complete, and safe.
Once you start to use Skrill for gambling online, it could be difficult to stop because of the numerous advantages. However, the disadvantages we’ve listed here are also valid reasons you may feel like trying alternatives. Fortunately, there are many cool Skrill alternatives available on gambling websites.
Here are other payment methods you can use:
When it comes to e-wallet payments at gambling websites, Skrill is king. It is widely accepted by online casinos in various jurisdictions and available in numerous countries. Skrill supports 40+ currencies and allows for quick conversion of non-supported currencies. Furthermore, you can make payments and store funds in over 40 cryptocurrencies.
Another thing that makes players absolutely love Skrill is the speed of payments. Top Skrill casinos ensure you receive your winnings almost instantly after you request. The best part? Most Skrill gambling websites will not charge you any fee to deposit or withdraw.
However, the charges for adding funds and withdrawing from your Skrill wallet can be a huge turn-off. Additionally, you may have to pay extra fees for conversion if it doesn’t support your local currency. Worse still, you may be unable to claim bonuses with Skrill at some gambling websites.
Nevertheless, Skrill remains one of the best options for making payments at online casinos. Feel free to scroll through our list of Skrill casinos and pick one that suits your taste. Remember to play safely at all times. Good luck!