MoneyBookers Casinos

Fast, Secure, and Expeditious Online Gambling Transactions via Skrill

Skrill, a premier provider of online payment services, has secured a leading position in the realm of online casino gaming thanks to the fast, secure, and hassle-free deposits and withdrawals it supports. Having been in operation for over 20 years, this safe and reliable e-wallet service is widely accepted at interactive casinos. With over 40 million users worldwide, operations in more than 200 countries, and support for over 40 currencies, the service has undoubtedly become one of the most popular within the gambling community.

In 2007, Skrill was purchased by Investcorp for $105 million and was put up for sale again in 2009 for £365 million. Currently, Skrill is a subsidiary of the Paysafe Group, which also owns Skrill’s one-time competitor, Neteller. Skrill has been a pioneer in developing safe and rapid online transactions, with its payment gateway implemented by Internet giants such as Facebook, eBay, and Skype.

Skrill is extremely popular among online gamblers, and there is hardly an online casino that does not support it. It currently operates in nearly every country around the globe, with the exception of a few restricted jurisdictions such as Iraq, Iran, Cuba, and North Korea.

Pros and Cons of MoneyBookers Casinos

Pros:

• Instant payments
• High-end payment security
• Supported by many casinos
• Free casino transactions
• VIP program

Cons:

• Bonus restrictions may apply
• Not supported in certain jurisdictions

How the Method Works

Skrill offers its users an e-wallet that functions like an online bank account. Users can make instant payments to websites that support the service and receive money from other people. Transactions between Skrill accounts are instantaneous. A user may fund their Skrill account via conventional means such as credit cards or bank transfers.

As the service grows and strives to accommodate easier online payments, it has expanded its list of accepted deposit options. Since Bitcoin has taken the world by storm, Skrill has decided to allow its customers to upload funds using Bitcoin. Another convenient option is to utilize an alternative e-wallet to top up your Skrill balance, allowing Neteller users to transfer funds to their Skrill accounts with ease.

Services like Trustly and Klarna enable customers from certain parts of the world to transfer money from their bank accounts to their Skrill wallets. Only your personal bank account can be used to boost your Skrill balance via Trustly or Klarna.

Another convenient method available to customers in Norway, Sweden, Switzerland, Russia, and the United Kingdom is Boku. Thanks to this service, you can upload funds to your Skrill account using your phone. If you choose Boku, you will receive a text message that you must reply to in order to confirm the transaction. The charge will appear on your next monthly phone bill.

Creating a Skrill account is straightforward, albeit somewhat time-consuming. All you need to do is enter your country of residence, choose your primary currency, and provide your name, address, and email. Afterward, a verification email will be sent to you. Simply click the verification link, and your Skrill account will be ready to use. You can choose the currency you would like to use for your account.

To accommodate as many customers as possible, Skrill supports the following currencies: AED, AUD, BGN, BHD, CAD, CHF, COP, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, INR, ISK, JOD, JPY, KRW, KWD, MAD, MYR, NOK, NZD, OMR, PLN, QAR, RON, RSD, SAR, SEK, SGD, THB, TND, TRY, TWD, USD and ZAR. When you are playing at an online casino, choose one that accepts the currency you use for your Skrill e-wallet. This helps you avoid conversion fees.

Depositing to Online Casinos

After setting up a Skrill account, you can begin making payments right away. In the cashier section, choose the e-wallet option and then select Skrill/Moneybookers. You will need to provide the email address used to register the Skrill account and enter the amount you wish to deposit. Finally, log in to your Skrill account to confirm the transaction.

If you wish to claim a welcome offer or any other promotion the casino provides, make sure it is available to Skrill users. While this is not always the case, some web-based casinos restrict players who use Skrill from claiming welcome bonuses or other promotional offers. Therefore, always check the casino’s terms and conditions before depositing with your e-wallet.

Withdrawing from Online Casinos

Withdrawing your winnings from a casino follows the same process as depositing. Because many virtual casinos accept the same payment method for both deposits and withdrawals, you will most likely be able to use your Skrill e-wallet for cash-outs as well. If you have used Skrill to deposit, initiating a cash-out with it is simple. On the cashier page, select cash-out, choose the Skrill/Moneybookers option, enter your details, and confirm the transaction. The money will be transferred to your Skrill account instantly.

Many players prefer this withdrawal method because it is significantly faster than many alternatives. Moreover, most online casinos do not charge additional fees when you use your Skrill e-wallet to cash out your winnings.

Skrill Mobile App

Thanks to the dedicated Skrill mobile application, players can also make deposits to online casinos and withdraw their winnings even when they are on the go. This is extremely convenient, especially because many interactive casinos are fully compatible with mobile devices. In this way, online players can place real-money bets and fund their gaming accounts wherever they are.

The mobile application of Skrill can be found in both the Apple App Store and the Google Play Store. Thus, both Android and iOS users can download and install it on their smartphones and tablets. Even on a mobile device, you can enable two-step authentication and use your Skrill account on up to five different devices.

In addition to making payments, you can use the Skrill app to add funds to your e-wallet or withdraw money to your bank account or Visa card.

Costs and Fees

Skrill applies fees to deposits and withdrawals, and the exact cost depends on the method you choose and the country in which you reside. The fees are either a percentage of the amount or a fixed charge. Receiving money is free, but sending funds costs 1.9% up to a maximum amount that depends on the sender’s country. Using the service is free as long as the user makes transactions or logs in once every 12 months. If not, a service fee of €3.00 is charged to the account every month. Currency conversion is available at a rate of 3.99%.

Players must not attempt to upload cash directly to their Skrill accounts. If you attempt to make a cash deposit, an administration fee of €10 may be applied.

If you withdraw funds via bank transfer, you will be charged €5.50/£4.76. The same fee applies to withdrawals made through SWIFT. Visa withdrawals incur an additional fee of 7.50% of the amount cashed out.

Security

Skrill has taken great precautions to safeguard its users’ data. When making payments, the user only needs to submit their email and Skrill password; no card or bank information is revealed. Furthermore, all information stored on Skrill’s servers is encrypted in the unlikely event of a data leak. Modern encryption technology is so advanced that it is practically impossible to decrypt data without the proper key. Skrill adheres to the highest precautions mandated by the Payment Card Industry Data Security Standard. Because of this, they became the first e-money issuer to be licensed by the Financial Conduct Authority in the United Kingdom. Additionally, Skrill employs a two-factor authentication system provided by tech giant Google. This system requires not only a username and password but also information that only the legitimate user possesses.

As mentioned earlier, players can activate two-step authentication even when they are using Skrill’s mobile application. Thanks to this security measure, even if you lose your mobile device or it gets stolen, you will be able to prevent anyone from accessing your account. You will simply have to call Customer Support and have the two-factor authentication removed from your Skrill account. After this step is done, you can reactivate this feature on any of your devices.

Skrill users can also opt for adding an extra layer of protection by setting a PIN code. This can be easily done by selecting “Create a PIN” on the window that appears when you log into your account. If you cannot see this message, simply head to your account and select “PIN management” located under the Settings tab. The next step is to click on “Create Your PIN” and you will be able to enable this additional security feature on your account.

Advantages

When it comes to online financial transfers, Skrill is as good as it gets. The company has been in business for almost two decades and serves over 30 million active customers worldwide. Skrill is available in over 200 countries and deals in more than 40 currencies. The barrier to entry for this service is quite low—the only significant requirement is a valid email address. After completing registration, the user has to enter their bank information and may begin to move money to and from their Skrill wallet. Transactions between Skrill users happen instantly, so there is no downtime. Withdrawing winnings from online casinos happens immediately, and users are not charged anything for the transaction— a perk that not all financial companies can provide.

Skrill has a VIP program for loyal and dedicated users. It is not subscription-based; rather, users who transact certain sums of money per quarterly period enjoy benefits such as lower withdrawal fees and a cap on sending fees, a multi-currency account, an account manager, priority bank uploads, and preferential Skrill Wallet FX rates. The more money that passes through the user’s account, the better the perks they receive.

Skrill has become a staple in the online betting scene for managing transactions. There is scarcely a bookmaker, casino, or poker room that does not accept Skrill as a transaction method. In fact, where other similar financial services try to distance themselves from online gambling, Skrill fully embraces it. They even have a page dedicated to online gambling on their website.

Additionally, Skrill issues a prepaid Mastercard in Single Euro Payments Area (SEPA) countries, which can be used at any ATM.

Although some online casinos may not allow Skrill users to claim welcome offers or other promotions, there are plenty of virtual casinos that have special deals available exclusively for players who make deposits via Skrill.

Another positive feature of using Skrill for funding your online gaming account is that you can easily do so via your mobile device. Thanks to the Skrill mobile application, both Android and iOS users can manage their e-wallets via smartphones and tablets and make deposits to the virtual casinos of their choice.

Last but not least, using Skrill to top up your gaming balance is very cost-effective. Many of the services it provides are free of charge. Even when fees apply, they are generally reasonable and lower than those some competitors impose.

Disadvantages

Skrill has no inherent deal-breaker disadvantages. Perhaps the inability to change the account’s main currency can deter some users, but this is rather subjective and will not affect a large portion of the clientele.

Another drawback is that, convenient as it is, Skrill is still not supported in various countries. This leaves many players looking for alternatives when it comes to managing their online casino funds.

Sometimes players who use Skrill for their first deposit cannot claim the welcome offer at certain interactive casinos. This is why you are advised to check the bonus terms and conditions of the online casino you have chosen. Furthermore, it is advisable to choose online casinos featured in the “Promotions” section of Skrill’s official website.

Lastly, some players feel uneasy about sharing payment details when they play online. Although it is not required to provide any card details or information about your bank account, you will still be asked to enter your email and password to log into your Skrill account. Some players are not fond of exposing such personal details and often opt for other payment solutions.

Conclusion

Skrill is a company that offers solid services and has received multiple awards for its sound business practices. Skrill boasts a reputable track record and is a familiar name in the online gambling scene. Though its services are not completely free, the fees it charges are reasonable, and in return you get a secure and easy-to-use payment system. When you add the VIP program—which ultimately costs you nothing—and the bonuses you receive simply for using Skrill, the result is an enticing package.

Because Skrill is a popular payment method across numerous virtual casinos, you will have no issue finding a trustworthy site that allows you to use your Skrill e-wallet for both deposits and withdrawals. Those who choose to do business with Skrill will not be disappointed.