Skrill Background Information 

Skrill opened in July 2001 and was originally known as Moneybookers. It very quickly found success and in 2002, it became the first European based e-wallet to be regulated by the Financial Conduct Authority.  

In 2007, Moneybookers Limited sold the company to Investcorp Technology Partners for €105 million and just a couple of years later, Moneybookers became part of eBay. It was in in 2010 that the company was rebranded as Skrill, and in the same year, it was recognised as the UK’s fastest growing private equity backed company by the Sunday Times Deloitte League Buyout Tract 100 Table. 

Skrill continued to grow and along the way, it bought Paysafecard, Europe’s leading online prepaid payment provider at the time. It also purchased Ukash, making the company even bigger. Today, Skrill is available in roughly 200 countries around the world and it facilitates transactions in around 40 different currencies. The company is based in London, but it has offices in numerous European countries and in the USA. 

Today Skrill offers customers far more than a basic e-wallet. It can help with international money transfers, the buying and selling of cryptocurrencies, and it also offers a prepaid MasterCard. Using these products, online gamblers are provided with everything they need to facilitate fast and easy deposits and withdrawals at casinos. It is a service that is popular with millions and it has been recognised as such with awards such as the Payments System of the Year at the EGR B2B Awards (which it won twice), and the Money Transfer Solutions award from CFI.co.  

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Advantages of Using Skrill 

There are many advantages to be gained by using Skrill for both deposits and withdrawals at online casinos. To begin with, the entire service has been designed to be as user-friendly as possible. Everything from setting up a Skrill account to transferring funds to and from the casino is extremely easy, and importantly, very fast and secure. 

In fact, the security and privacy offered by Skrill is fantastic. Those who are worried about sharing personal details with an online casino can almost completely avoid doing so when depositing using Skrill. All you will have to do is login to your Skrill account in order to deposit funds, so at no point will your financial information be exposed to the casino. This also means that the information is safe from hackers, so overall, both your privacy and your money are safer. 

Furthermore, Skrill also works hard to keep all of its customers’ details safe. As mentioned, they are regulated by the FCA, which imposes very strict conditions regarding security. The company makes use of advanced encryption and firewall technologies, and they have a number of anti-fraud measures in place to ensure that the service is as safe as possible.  

Away from security and privacy, another major advantage of using Skrill is speed. There will be no delays when making deposits at casinos, so that players can enjoy their favourite games straightaway. Furthermore, withdrawals are also instant and if they are not, it is only because the casino will be taking some time to process the withdrawal request.  

A nice bonus of using Skrill is Knect, the loyalty programme. It is very similar to casino’s comp point schemes. When you use Skrill to pay online, you will earn loyalty points that can earn you rewards. The points can be exchanged for credits, Amazon gift cards, and more, giving customers even more reason to use the service. Furthermore, there is also a VIP scheme that will give customers lower fees, higher transaction limits, access to dedicated 24/7 support, and exclusive promotions and rewards, such as hospitality at major sports tournaments, tickets to popular events, and more. 

No payment method is perfect, and there are some disadvantages to using Skrill. Some players will not want to setup a Skrill account and fund it. While it is an extra step in the deposit process, it is very easy and takes very little time. A more serious disadvantage is that the deposit and withdrawal limits with Skrill are very low at some casinos. Furthermore, sometimes casino welcome bonuses are not available to those who deposit with Skrill. There are also fees for using Skrill. There is a fee, usually 1%, when depositing funds in a Skrill account, a fee for withdrawing funds, which can be as high as 7.5%, and there may also be fees for making online payments or currency conversions. However, casinos will not charge fees for using Skrill, and for many people, the advantages easily outweigh the disadvantages.  

How to Use Skrill at an Online Casino 

As explained above, one of the reasons for Skrill’s success is its ease of use. Whether making a deposit or withdrawal, the process is very straightforward. It will vary slightly depending on the casino that you are playing at, but the general principle remains the same.  

First, you will need to create a Skrill account. This is free to do and takes very little time. You can sign up for the account on the Skrill website and it will be ready to use in just a few minutes. You then need to fund the Skrill account and there are many different ways of doing so. Once your Skrill account is ready, visit the cashier at your chosen casinos and select Skrill as your deposit method. You need to enter how much money you want to deposit and you will then be redirected to the official Skrill website. You simply need to login to your Skrill account and then confirm the transfer. The funds will then be sent to the casino and they will be available in your account within seconds.  

It is just as easy to withdraw winnings from a casino to a Skrill account. Remember, that at many online casinos you will first have to verify your identity before withdrawals are possible. You do this by submitting a copy of a photo ID, such as a driving license or passport, together with proof of address, such as a utility bill. The process only needs to be done once and it does not take long. You will also need ensure that you have fulfilled all bonus wagering requirements.  

When you are ready to withdraw, visit the casino cashier and select withdrawal. It is likely that Skrill will be selected as the default method if you have previously used it to deposit. Then all you need to do is enter how much you want to withdraw together with your Skrill username. The casino will then start to process the withdrawal, which can take anything from minutes to a few days, and the funds will then be sent to your Skrill account. Once they are in the account, you can either withdraw them to your bank account or spend them through Skrill. 

Help with Skrill 

Skrill provides an excellent level of customer service and help is never very hard to obtain. The Skrill website has an excellent help section on it that is split into easy to navigate sections with clear and detailed answer to a number of questions. It is also possible to contact the customer support team through email, live chat or telephone. They are available during business hours and they are happy to help with all queries and concerns. You can also contact your casino’s customer support team if you are having general problems with payments, and they will also be happy to help.  

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Frequently Asked Questions
Will I be charged for using Skrill?

It is highly unlikely that you will be charged any fees by the casino for using Skrill, but Skrill itself does charge some modest fees. There are fees for both depositing and withdrawing funds in a Skrill account, as well as fees for currency conversions. However, the fees are low and in many instances may be smaller than fees charged by a bank for similar services.

Where is Skrill available?

Skrill is available in more than 200 countries across the world. Unfortunately, this does mean that there are countries where Skrill isn’t available, but for the vast majority of players in regulated markets, it will be offered as a casino payment method.

Is Skill a safe service to use?

Absolutely. Skrill upholds very strict security measures that have been set out by the Financial Conduct Authority. They use a range of technologies to ensure that customers’ money and private information is kept safe at all times. Furthermore, by using Skrill you avoid having to provide your details to the casino, so there is less opportunity for them to be stolen.

Can I use Skrill on the go?

Yes. Skrill has excellent mobile apps that will allow you to manage your account from your smartphone or tablet with ease. As long as you are playing at a mobile friendly online casino, then you will have no problem carrying out deposits or withdrawals.

Is Skrill fast?

Very. When you make a deposit, the funds will be transferred to your casino account immediately. Theoretically, withdrawals are also instant, but they may be slightly delayed by the casino’s processing time.

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