What is Skrill (Formerly Moneybookers)?
Skrill is a UK-based e-wallet used to manage internet payments and save money. Moneybookers was founded in July 2001 and became Skrill in 2011. It has 36 million users globally and is a popular e-wallet alternative to Paypal and Neteller. Optimal Payments bought Skrill for £1.1 billion in 2015.
Skrill was created for online gaming. It has since expanded into fields including trading and e-commerce while still focusing on online betting platforms. Skrill was created to provide people with an easy, safe, and simple way to send money online. As a result, several Skrill casinos operate today.
Skrill in Online Casinos
Using Skrill at online casinos is simple, but making a deposit takes a few steps. You must first register and validate your account with a valid ID and address. Send the company your utility bill. Verification takes up to 2 days. You can do without it, but your money sending and receiving limits will be substantially lowered.
The next step is to fund your Skrill account in one of several ways. You can do this with many e-wallets. Visa charges 1.9 percent and Mastercard charges 2.25 percent for deposits. Bank transfers are free. Withdrawals cost $5 by bank transfer and 7% with Visa card. It also charges 3.99% on currency conversion and 1.45% on electronic payments. You can contribute £ to avoid a conversion cost. Here are some other things to know before depositing at a Skrill casino.
Put and Take
Skrill casino deposits are instant. A withdrawal can take up to 72 hours to process. Many casinos have this restriction, and withdrawals might take up to 3 days.
The minimum deposit in Skrill casinos is £20, which is lower than other payment methods. Great for low rollers, however be aware that sending the bare minimum as your first deposit may result in bonus loss.