Everything You Need to Know About Skrill Casinos And the Payment Service
Skrill Casinos are quite common throughout the world, with many online players preferring this secure e-wallet when playing at gaming sites. Using an e-wallet like Skrill allows users to keep their personal bank/card details private, offering an extra layer of security when trying out new casino sites.
Skrill has been a dominating name in online betting and gambling for several years. Despite tough competition from other payment methods, Skrill has steadily held its ground. In particular, Skrill had a rough run-in with PayPal with mixed results. Skrill essentially lost the fight to occupy the market share as its rival. On the other hand, thanks partly to this incident, Skrill emerged as the preferred payment solution for gambling and cryptocurrency, which worked in its favor.
Skrill has since acquired a couple of smaller payment services and has become a favorite of online casinos, especially ones that accept cryptocurrency because of its crypto-friendly features. This post on Skrill breaks down all the features and everything else you need to know about this popular payment service.
Before we get into the technicalities, it’s time for Skrill trivia
- Skrill was founded by Benjamin Kullmann and Daniel Klein in 2001.
- Until 2012, the company’s name was Moneybookers.
- Skrill or Moneybookers was created to be the European alternative for the popular eWallet, PayPal.
According to Urban Dictionary, Skrill comes from the word Skrilla, a slang word for money or dough.
Best Skrill Casinos Online In 2022
Now, let’s break down all you need to know about this leading online payment provider and playing at casinos using the e-wallet. You can read about a strong competitor to Skrill in our recent post at https://247pokies.com/neteller-casinos
Online gaming requires robust security, and Skrill does not disappoint. This eWallet uses multi-layered security to secure all your data and transactions, including SSL encryption. In fact, Skrill only requires your virtual wallet number to process the transactions, which is impressive.
As highlighted above, Skrill is available in over 100 countries, making it a champ in terms of accessibility and convenience. Skrill also supports more than 40 global currencies.
Quick Deposits and Withdrawals
Another great advantage of using Skrill casinos is the speed of deposits and withdrawals. Deposits on Skrill accounts are almost instant, while withdrawals work between 4 to 24 hours. In addition, Skrill VIP members can also get the quickest timescale advantages. By comparison, bank transfers can take up to 3 working days, which can be quite frustrating.
Low Deposit Fees
Skrill also has one of the lowest deposit fees when compared to other digital payment services. Skrill has more than 5 free deposit options for domestic and international deposits, so you get a lot of choices. By comparison, Neteller has one local deposit option in a few selected countries.
Limits at Skrill Casinos
The limit for deposits and withdrawals varies between Skrill casinos. But generally, minimum deposits at most Skrill casinos range from $10 to $20, while the maximum deposit limit is $10,000 or the currency equivalent.
Most Skrill casinos have a minimum withdrawal from $15 – $20 and maximum cash outs reach up to $10,000 per transaction. These limits vary depending on the casino, so it’s wise to look at a few options and pick the best one.
Types of bonuses at Skrill casinos
Skrill casinos allow all players to open a free account and try games in demo mode. To play for real money at Skrill casinos, a first deposit is required. On some casino sites, they will provide a welcome bonus for extra funds. These deals can be available to Skrill users, but it’s always wise to read the bonus terms of the casino, just to ensure that the payment method is eligible for the promotion.
Skrill Payment Methods
Skrill has extensive ways of payment methods in its repertoire. Including both the local and global payment methods, Skrill has more than 100 ways through which you can make payments to fund the e-wallet and withdraw. This online e-wallet is accepted in over 3000 global banks and support more than 40 currencies worldwide.
Some of the most common ones are:
- Credit and debit cards
- Bank transfers
- Skrill’s Rapid Transfer
- Skrill Digital Wallet
Local payment modes include:
- Alipay in China
- iDeal in Netherland
- Giropay in Germany
- UPI in India
- Carulla in Colombia
- Boleto in Brazil
- Scotiabank in Canada
The fees at Skrill vary depending on a lot of factors. Having said that, Skrill fees can look like this:
Local deposit fees
- Bank transfer – 0%
- Fast bank transfer – Up to 1%
- Rapid transfer – 0 to 1%
- Trustly – 0 to 1.25%
- Paysafecash – Up to 2.50%
- Paysafecard – Up to 5%
Global deposit fees
Up to 1.25%, not including the “cash advance” fee that your local bank might charge and which Skrill has no control over.
- Crypto Wallet – 2%
- Neteller – 3.49%
- Credit card – Up to 3.99%
- Bank transfer – €5.50
- Global Withdrawal Fee – €5.50
Fees for transfers
All types of domestic transfers have fees capped at 2%. The international transaction fees for sending money are listed below. Receiving money to the account is free. Currency conversion fees at Skrill range from 1.5% to 3.99%, depending on whether it is a currency transaction or a cryptocurrency.
- By bank transfer – Free
- By debit card, paysafecash – Up to 1%
- Bank transfer through Klarna/Sofort – Up to 1%
- By credit card – Up to 2.99%
- International transactions in the same currency – Up to 4.99%
- Skrill to Skrill transfer – 2.99%
Fees for Skrill Prepaid Mastercard
- New card application – Up to €10
- Annual fee – €10
- ATM Fee – 1.76%
- FX Fee – 3.99%
- POS transactions – Free
- Skrill virtual card application – Free for the first time
- Subsequent applications – €2.5
Fees For Buying/Selling Crypto Currency
Skrill e-wallet users can access a handy interface within the payment platform to buy, trade, and sell crypto currencies like Bitcoin, Ethereum, Litecoin, Ripple, and Tether USD. For more information on these digital currencies you can read our post here.
- Crypto P2P – 0.50% per transaction
- Up to €19.99 – €0.99 (Skriller), €0.70 (True Skriller), €0.50 (Silver, Gold, and Diamond VIP)
- Between $20 and $99.99 – €1.99 (Skriller), €1.70 (True Skriller), €1.50 (Silver, Gold, and Diamond VIP)
- Above €100 – 1.90% (Skriller), 1.70% (True Skriller), 1.40% (Silver VIP), 1.30% (Gold and Diamond VIP)
Skrill Transaction Limits
Limits on credit card and instant bank transfer
- $1,000 to 5,000 – Per transaction
- $5,000 to $10,000 – Daily
- $10,000 to $20,000 – Weekly
- $20,000 to $50,000 – Monthly
Limits on PaysafeCash transactions
- $500 – Per transaction
- $600 – Daily
- $1,800 – Weekly
- $2,900 – Monthly
Skrill is available in more than 120 countries, making it a very accessible payment solution. Use at casinos Skrill dominates over other payment methods in the gambling industry in general. Online casinos prefer Skrill because it has several advantages that make it a fantastic payment system.
Skrill has been around for two decades and has consistently proven its worth as an outstanding digital payment service. It has a great user interface, is globally accessible, and supports numerous currencies making it an ideal choice for casinos and players.
Considering that Skrill has faced competition since day one of its introduction into the payment world and how well it has been performing, it’s worth raising a glass to it and exploring what it has to offer.