Skrill is an eWallet that allows you to store funds online in a virtual wallet and to use those funds for various purchases online. Skrill is a UK-based company that was established in 2001 under the name “Moneybookers.” From the very start, their goal was to allow users to send money online using only an email and a password.
After some time, they partnered up with eBay and acquired both Ukash and Paysafecard, further establishing their position as one of the leaders on the market. As an eWallet, Skrill focuses on globally accepted low-cost transfers. Today, Skrill is one of the most widely represented payment methods which offers its service in almost 200 countries and supports 40 different currencies.
Advantages of Skrill
The fact that Skrill is an eWallet is its biggest advantage. Apart from being convenient, Skrill allows you to safely store your online funds in one place. Instead of leaving your login information and security details on multiple sites, you are only required to log in to Skrill.
The second most significant advantage of using Skrill is its availability. Considering that it is a widely-accepted payment method, you won’t have any difficulties finding a place or a casino that accepts it.
Another benefit of Skrill is its VIP system which awards loyal users. Depending on the amount you send and receive each month, you can become a Bronze, Silver, Gold, or Diamond VIP member. These memberships come with various benefits, such as allowing your account to use multiple currencies or enjoying reduced fees.
Finally, another thing that Skrill can boast about is its anonymity and ease of use. Namely, you are only required to verify your identity with Skrill; after that, in order to send funds via Skrill, you only need an email or the Skrill ID of the recipient.
How Does Skrill Work?
Simply put, Skrill works in a similar way as your credit card when you are shopping online. However, as we’ve stated before, Skrill eliminates the need for entering your credentials everywhere you want to use your money.
Picture it as a virtual wallet that holds virtual funds which you can spend online in places that support Skrill as a form of payment. In order to use your credit card online, you need to funnel funds into it by adding money to your bank account. Similarly, in order to use Skrill online, you have to deposit funds into your Skrill account.
In case you are new to online payment methods, make sure to continue reading — we will teach you how to register, deposit, and withdraw funds using Skrill. In addition, we will talk about the time necessary for transactions to process.
How to Create a Skrill Account
Before you start using this eWallet, you will have to create an account with Skrill. The process is pretty straightforward — if you follow these few simple steps below, it will take you mere minutes before you have your very own Skrill account.
The first step in creating your Skrill account is deciding whether you want a personal account or one for your business. After that, select your country of residence, the language you want to use Skrill in, and the currency you want to use.
Unless you are a VIP member, Skrill allows you to use only one currency per account. The moment you make your first transaction, your account will be locked into that currency. For any other transactions involving other currencies, additional conversion fees will apply (you can read more about that further in the article).
Next, you will need to enter some personal information. Skrill requires you to enter your first and last name, your billing address, as well as your mobile phone number.
You will then move to the last step — the account information. You will be required to add an email, date of birth, and a password which you will use to log in to your account. Make sure to enter a valid email address, as you will be required to confirm the account once the process is completed. At the same time, you will use your email in order to send and receive funds online.
When you are done creating your account, you will have to verify it in order to gain full access to it. In order to do that, Skrill will ask you to submit images of your ID card and/or your driving licence. You might also be required to provide a picture of a utility bill issued in the last 90 days. Once everything is done and verified, you will have full access to your Skrill account.
How to Deposit Using Skrill
Naturally, you will have to add funds to your Skrill account before you can start spending; there are multiple ways to do that.
Once you log in to your Skrill account, find the button labelled “Upload” in order to start adding funds to your account. You will then see a new window with available payment options, as well as the time needed for your transfer to process, fees for each payment method, and the maximum amount you can add using those specific payment methods.
Once your Skrill account is loaded with funds, you can use it to adds money to your casino account. Depositing funds into your casino account is instantaneous. To add money to your casino account using Skrill, you should cover the following steps:
- Enter your personal details and verify your email address.
- Navigate to the deposit page and select Skrill as a payment method.
- Enter the amount you wish to deposit.
- Verify the transfer on Skrill’s website after being redirected.
- After confirming the transfer, your casino account should have the funds deposited into it, and you can start playing immediately.
How to Withdraw Using Skrill
You can withdraw funds from your Skrill account at any given time, and the process is as straightforward as it gets.
Go to their website and log in to your account. Then, select the withdrawal method that you want to use and the amount you wish to withdraw. The only thing left to do before finalising the transaction is making sure that you have entered the correct information if you are withdrawing to a bank account.
When it comes to withdrawing funds from a casino to your Skrill account, the process is somewhat similar to depositing funds into your account, and it includes these steps:
- Log in to your casino account and find the “Withdrawal” option.
- Select Skrill as a withdrawal method and enter the sum you wish to withdraw.
- Verify the transaction on Skrill’s website and your funds will soon become available.
As you can see, the process is very simple. It doesn’t matter if you have used Skrill before or if you are completely new to online payment methods — you won’t have any difficulty sending or receiving funds using Skrill.
Keep in mind that withdrawing funds is a lot slower than depositing. Even though the funds may appear on your account immediately, it may take up to 10 days for the transfer to complete.
As is the case with most payment methods online, the way Skrill earns its fair share is by adding fees to transactions. Depending on what you are using your Skrill account for, you will face different fees.
When you are adding funds to your Skrill account, you will be expected to pay a 1.00% fee. Note that if you are using your credit card for gambling purposes the issuer may charge a cash advance fee that is outside of Skrill’s control.
The fee for local payment methods when withdrawing funds is £4.76 or €5.50, while you will pay 7.50% for using a Visa card. When it comes to global payment methods, you can use Swift — Skrill will charge you £4.76 or €5.50.
When you are sending money, you will pay 1.45% or a minimal fee of £0.43. If you are sending money directly to a bank account, then the service will be free, as is the case for receiving money.
For any transaction that involves converting funds from one currency to another, Skrill adds a 3.99% fee to their wholesale exchange rates.
Lastly, Skrill also has an inactivity fee. If you don’t log in or make a transaction for 12 months, €3 or an equivalent fee in your preferred currency will be deducted from your account each month. Starting with 13th of March 2019, the inactivity fee will be raised to €5 per month.
While Skrill has its own fees, casinos may apply additional fees as well. Before you register on an online casino make sure to double-check whether it has any additional fees and if depositing or withdrawing funds will cost you anything extra.
Skrill Casino Bonuses
As we all know, different casinos offer different bonuses. Those bonuses can be weekly, daily, VIP-exclusive, sign-up bonuses, etc. One thing to note is that casinos sometimes offer bonuses which target specific payment methods. So if you happen to be using Skrill, you might stumble upon a bonus that can be claimed only by those who deposit the funds using this eWallet.
However, at the same time, certain bonuses will not be available to you if you deposit using a specific payment method. So make sure to keep your eyes peeled and double-check if you can claim a bonus by depositing funds via Skrill.
Alternative Payment Methods to Skrill
If you dislike Skrill or you cannot use it, you can always try some alternatives that function similarly. Note that even though these methods may be popular globally, that doesn’t mean that they enjoy the same popularity among UK casinos. Some popular e-commerce payment methods include:
Adding funds to Skrill and withdrawing funds from it requires you to enter sensitive information. Moreover, the same can be said for every transaction performed using Skrill. Therefore, it is crucial for your payment method to be secure. When it comes to Skrill, there’s no need to worry — it is fully licensed by the Financial Conduct Authority in the UK.
In addition, Skrill doesn’t share your information details with any of the merchants online. Instead, every transaction is encrypted to the highest standard (PCI-DSS Level 1). Simply put, even if someone was to somehow intercept your transaction, your data will be unreadable to them.
Skrill Casino FAQ
Who can use Skrill?
Skrill doesn’t ask for your credit score or anything like that, so anyone who is 18 or older and is from a country that allows this method of payment can use Skrill. You can visit their official website for more information.
Why should I use Skrill?
Skrill is easy to use and it is also one of the fastest and most secure methods for depositing funds into your online casino account.
Is Skrill safe?
Yes, it is. Skrill is licensed and regulated by the Financial Conduct Authority that falls under the Electronic Money Regulations 2011. They use high levels of protection to ensure the safety of your data.
Can I use Skrill in an online casino?
Yes. As a matter of fact, Skrill is one of the most popular methods among casino players due to its speed and ease of use. In this article, you can find a full list of UK casino sites which accept Skrill.
How long does it take to deposit and withdraw money from my casino account using Skrill?
Depositing funds into your casino account is instant, while withdrawing money may take up to 10 business days, depending on the casino. That is because casinos take time to verify the legitimacy of each transaction.
How much does Skrill cost?
Creating an account with Skrill is cost-free. However, various fees are included in transactions. You can learn all about those in our article or by visiting their official website.
Final words about Skrill Casinos
Skrill is one of the most reputable eWallets on the market. Moreover, when it comes to the UK, it has been a leader in the e-commerce business.
As you could see from our article, there are multiple benefits that Skrill provides. Therefore, it doesn’t come as a surprise that it rapidly became one of the most popular payment methods among casino players. Thanks to its popularity, players don’t have to worry if Skrill is accepted in their favourite casino.
If you are looking for a payment method which you can use to fund one or more casino accounts, and you don’t want to worry about the safety of your transfers or wonder how long it will take before you can start playing, then Skrill is the right choice for you.