Skrill is a digital wallet provider that you can use for online payments and money transfers. It is one of the most used online payment methods with over 40 million users worldwide. Skrill is accepted at a vast number of online merchants, including many online casinos, providing its customers with as many ways to make payments as possible.
Formerly known as Moneybookers, the company was established in 2001 in the United Kingdom. It is one of the first online payment providers that very quickly gained a very good reputation among customers. The company rebranded in 2011 and changed the name to Skrill. At the same time, they became sponsors of the PokerStars owned European Poker Tour and thus expanding their customer base in the online casino world. Not long after the rebranding was completed, Skrill acquired Paysafecard. In 2015 both were acquired by Optimal Payments Group that later rebranded as Paysafe group.
After this, Skrill started expanding its portfolio, offering more services such as international money transfer service and crypto service, as well as their loyalty program KNECT. Buying and selling cryptocurrency with Skrill is an easy and secure way to convert funds into Bitcoin, Ethereum, Litecoin and many more cryptocurrencies. This takes Skrill among the top digital wallet providers. It is also one of the reasons why in 2019 at the Future Digital Awards organized by Juniper Research, Skrill received an award for the Best Digital Wallet. Skrill is now available in over 200 countries and supports over 40 currencies.
Services
The services that Skrill offers include online payments, sending and receiving funds as well as selling and buying cryptocurrencies. To make it easier, Skrill developed an app compatible with both Android and iOS devices. The app has all the functions as the desktop version has. It is a very user-friendly, and convenient way to deal with your funds.
In addition to that, you can obtain your Skrill pre-paid card that is linked to your main Skrill account. This card is issued by Mastercard and can be used to pay in-store, which is free of charge. Also, you can withdraw cash from an ATM, for which there is a small fee.
Online Payments with Skrill
As many merchants started cooperating with Skrill, customers can use the Skrill account to move money at any time. You can fund your account by card, bank transfer or local payment options, and use only your Skrill credentials to make a payment. This facilitates your payments, as is much faster and completely secure. You can also use it to move money across Forex platforms, anywhere, anytime.
Most importantly, Skrill is accepted by all major online casinos, poker rooms and the world’s leading gaming sites. You can move your funds easily, without having to reveal any personal payment information. Your online betting is facilitated with your Skrill account, making every online casino or gaming site available to you with just one quick step.
Log in to your online casino account, choose the deposit option and select Skrill as a payment method. Choose an amount to move, and you can start playing immediately, with no further delays. The same goes for the withdrawal. Once you’ve had a win, and want to withdraw the funds from your online casino account, choose the Skrill account as a withdrawal method.
Send and Receive Money with Skrill
Sending money is now much easier using Skrill. The good thing is that you can send money even if that person doesn’t have a Skrill account. You can send money to a bank account, mobile wallet, email address or phone number. All you need is for you to have a Skrill account, log in, choose the Money Transfer option or Send to a mobile number or email option and follow the steps.
You can receive funds in the same way as you can send. Plus, if you have a Skrill account it is even better. The sender will just choose the Skrill to Skrill option, and the funds will be transferred to your Skrill account instantly.
Buy and Sell Cryptocurrency with Skrill
Probably many digital wallet providers offer online payments and transfer money options, but not everyone offers the possibility to trade with cryptocurrencies. With Skrill, you can hold and convert cryptocurrencies instantly. There are different cryptocurrencies that you can purchase with Skrill. These include Bitcoin (BTC); Bitcoin Cash (BCH) Dash EOS, Ethereum (ETH), Ethereum Classic (ETC), Kyber, Litecoin (LTC), Tezos, XLM and 0x (ZRX). Once you deposit money on your Skrill account, you can go to the Crypto option and select the cryptocurrency that you want to buy. Then, enter the amount you want to spend and you’ve got yourself funds in cryptocurrency. If you decide that you don’t want the cryptocurrency you have any more, you can just convert them to the original fiat currency, all within seconds.
Skrill Fees
The fees play an important role when deciding which digital wallet to use. Every provider has different fees for using their services, so you will need to pay attention to that. When it comes to Skrill, they have certain fees for deposit, withdrawal and transfer, but no fees for receiving money.
To deposit money on your Skrill account, you will be charged a fee of 1%. This is regardless of the payment method you choose, whether is a card, bank transfer or any other online banking payment system. Compared to some other digital wallets, the fee is actually not so high. The fee amount is deducted from your deposit, so if you deposit €100, €99 will be added to your account, and €1 goes to Skrill.
The fees for withdrawal are a bit higher though. If you are withdrawing to your credit or debit card, the fee is 7.50%. On the other hand, if you withdraw to your Neteller account the fee is lower, 3.49%. For withdrawing to your bank account or to some other global payment method, the fee is fixed to €5.50.
When it comes to sending money from your Skrill account to another Skrill account, there are two types of fees. This depends on the deposit method you used. So, if you deposited money via card or bank account, the fee applied to transfer money is 1.45%. On the other hand, if you deposited via Neteller, Paysafecard or BitPay, the fee is 4.49%.
For transfers to a domestic bank account, the fee is up to 2% and international transfer in the same send and receive currency only has a fee of 4.99%.
As mentioned, receiving money on your Skrill account is free of charge. In addition, there are no fees if you use Skrill Money Transfer to send money to an international bank account. And, the best part is that there are no fees for paying a merchant directly from your Skrill wallet.
Security
Skrill is a highly secure and safe-to-use digital wallet. As one of the reasons why you can trust Skrill with your funds is that they are authorized by the UK Financial Conduct Authority under the Electronic Money Regulations 2011. If you have doubts, it is best to read their Privacy Policy before opening an account. In short, you will learn that Skrill uses your data only to be able to provide their services to you and to fulfil their obligations to you. Essentially your bank details and other confidential information are hidden. However, some of your information, such as name or country, may be available to recipients of the money when transferring.
In order to keep your account secure, we always recommend setting up two-factor authentication. That way, every time you want to log in, you will need to have your mobile phone with you where you will receive a password or QR code. This prevents someone else from logging into your account without your knowledge.
To ensure that no one would be able to read any intercepted data, the provider uses advanced encryption security. To conclude, there is absolutely nothing to worry about if you chose Skrill.
How to Get Started with Skrill
In order to start using Skrill services, you will need to first open an account, but it is a very simple process. Go to the official Skrill website and click the purple Register button in the top right-hand side corner. The registration form will open and you will need to fill in your details. Enter your full name, country, preferred currency, email address and create a strong password for your account.
Once you do this, click the Register button and you will receive an email with confirmation. Following the link sent to your email, you can log in to Skrill and complete the registration. Your account will be complete when you provide your address, phone number, and date of birth. After this, just add money to your account and you can start using it.
Recommended Casinos accepting Skrill payments
The online gambling industry has been on the rise for the past years. Due to the strong competition, online casinos are constantly searching for new ways to attract customers and of course to keep them. Offering various payments methods is one of the reasons why players choose one casino over another. Skrill is among the most used e-wallets, as it is available for fast and reliable deposits and withdrawals. Almost all of the casinos we have reviewed on our site are accepting Skrill payments. However, not all of them offer a welcome bonus if the deposit is made with Skrill, so you will need to check that first.
In any case, we guarantee you a welcome bonus offer when depositing with Skrill if you open a new account on Betwinner online casino. 100% bonus to the maximum amount of 300 EUR is available for all new customers, even for those depositing with Skrill. Find out more about the Betwinner bonus rules and get the Betwinner casino bonus promo code by following the LINK.
