One payment method you’ll find available at almost all online casinos is Skrill. This payment provider, previously known as Moneybookers, is first and foremost an e-wallet. But, they also offer other services for processing payments. The Skrill 1-Tap solution allows players to deposit directly to a casino account with a credit or debit card without first funding the e-wallet, whereas Skrill Rapid Transfer is a solution for a direct bank transfer. However, 1-Tap and Rapid Transfer are not options that all casinos have integrated into their payment offerings yet, so the most popular method is still the e-wallet.
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To make a deposit using Skrill, you simply have to choose this option on the deposit page once you’re logged into your casino account. You enter the email address you have connected to your e-wallet account and the amount you want to transfer. You’ll then get a pop-up on your screen where you enter the password for your e-wallet account, and once you’re logged in, you can confirm the transfer.
If you don’t have a big enough balance in your e-wallet to perform the transfer, you’ll see the 1-Tap solution. You can add a payment card and the funds will be deducted from your chosen card instead of from the wallet. Some casinos also have a separate payment option only for the 1-Tap solution, so you can make a direct deposit using your normal payment card, and in this way, you can use Skrill solely as a payment gateway.
If Rapid Transfer is offered at the casino, this will have its own logo and option you can use, and you’ll transfer the funds just as you would with any other bank transfer. If your bank uses BankID or any other form of online confirmation for outgoing payments, you’ll have to confirm the transfer using this method.
One of the main reasons a lot of players choose to use Skrill for deposits is that it will also enable the e-wallet to receive withdrawals. There is no transaction waiting periods for payments through this provider, which means you’ll have your winnings available in your e-wallet as soon as the casino has approved your transaction. To make a withdrawal, you simply choose this option from the list of available withdrawal methods on the withdrawal page of the casino, enter the amount, and then wait for the casino to process your withdrawal request.
Once you have the funds in your e-wallet, you can choose from a few different ways to spend the money, and the easiest is by ordering a Skrill prepaid MasterCard. This card works just like any other debit MasterCard, and you can use it online, for shopping in stores, or for withdrawing cash from your ATM. Just note that the MasterCard is not available in all countries, and some countries, like the US, don’t have the option of using this e-wallet either. If you can use Skrill but can’t get the prepaid card connected to your virtual wallet, you can always transfer the funds to your bank account.
Not all casinos require verification of your e-wallet, but some do. If you’re asked to verify that you have only been using a wallet that’s registered in your own name, you’ll usually do that with a screenshot. This will show that you’re logged in and showing where your name and email address are visible will usually be enough. Some casinos also require that the email connected to the wallet has to be the same one you’re using for your casino account.
A separate verification from Skrill will always be required to verify your wallet with them. ID and proof of address are what you’ll need to submit, and this verification works the same way it does at casinos, so you can use the same documents for both KYC verifications. You might also need to verify ownership of the payment methods used to fund your Skrill e-wallet. The options for funding your wallet are cryptocurrency, debit or credit card, bank transfer, and Paysafecard, along with any extra local payment options that are available to you.
Normally, there are no fees for using Skrill at online casinos. However, if the casino has added fees, they may be high. We’ve seen fees for deposits as high as 5%, and needless to say, this is a lot. Some casinos also use the same fee used for deposits with credit cards, and that means 2.5%.
As for the limits on your wallet, there aren’t any specific ones since the casino is free to set its own limits on both deposits and withdrawals. Usually, the limits will be high for this payment method, simply because many high rollers prefer it for their online gambling payments. You will also have a limit set by Skrill, but how high this limit depends on your VIP status with the e-wallet.
Skrill is a great banking method, that’s for sure. It does, however, come with both benefits and drawbacks for those who use it. Below, we listed the most common pros and cons, so you know what to expect when opting to deposit with Skrill.
You don’t have to ever ask yourself ‘is Skrill safe?’ as this is a trusted company that meets high security standards. Moreover, using the e-wallet means that you can make instant deposits and withdrawals. The latter can be delayed depending on the casino’s cashing out policy. There are usually no Skrill fees applied from casinos for this payment option, either. That’s another plus here.
Skrill is also mobile-friendly and easy to use. Plus, when you use the e-wallet, you keep your bank details outside online casino servers. The same goes for keeping your gambling activities outside bank statements. Oh, and let’s not forget that opening a Skrill account is completely free and takes less than 10 minutes.
Some casino operators may even offer exclusive Skrill casino bonus deals. These are widely known as the preferred payment method bonuses and give between 10% and 15% on your deposits. These were popular a few years ago and aren’t that common these days, though.
While the good overshadows the bad when it comes to using Skrill for remote gambling, there are some disadvantages to consider. For instance, Skrill isn’t supported in all countries. So, depending on where you live, you may not be able to use it at all.
Another serious con is the issue with Skrill casino bonus offers. Namely, some operators restrict Skrill and Neteller payments from claiming bonuses. Yes, this may sound confusing, especially after learning that there are exclusive preferred payment method bonuses for Skrill and Neteller. Still, it is what it is. The iGaming industry is often confusing, so don’t bother with it. Just make sure to read the rules and discover whether your Skrill payment will get you that juicy welcome offer or not.
We also need to mention that some online casinos charge processing fees on Skrill deposits. These can be as high as 5% of the transferred amount. Plus, Skrill also charges fees to users when they upload or withdraw funds from their Skrill account. However, these are generally in line with the processing fees applied by other e-wallets like Neteller and PayPal.
One of the major drawbacks of using any e-wallet for deposits at casinos online is limitations on the bonuses. Especially when it comes to welcome bonuses, there are a lot of casinos that don’t allow you to use e-wallets to trigger the first deposit bonus. This is done to prevent fraud because, for many years, there were a lot of so-called bonus abusers who targeted Skrill Casinos. This no longer happens to the same degree as before, but many casinos have still disabled players from triggering a welcome bonus with an e-wallet deposit.
Because of this, you should probably use a different payment option when you’re signing up and depositing for the first time at a casino. Once you’ve done this, you can start using your virtual wallet. Ongoing promotions are almost never blocked for Skrill users. Meaning, you'll be able to claim a Skrill casino no deposit deal without any issues.
Most casino operators that offer Skrill also feature Neteller. While players may think that there’s some kind of rivalry between these two brands, they’re mistaken. In fact, Neteller took over Skrill in 2015. Even though they operate as separate companies, they’re both part of the Paysafe Group that also owns the Paysafe prepaid voucher.
So, as two services that offer the same features and work under the same owner, there aren’t too many differences here. Both Skrill and Neteller have similar fees and provide instant transaction times. All in all, it doesn’t make a difference which of these two you select as you will get pretty much the same deal.
As casinos offer either both options or none of them, you can expect the same selection of Skrill slots as the offer of Neteller slots. The same applies to all other games and even bonus offers.