Skrill is a popular global e-wallet, which offers deposit- and withdrawal services for new online casinos. The company was established in London, 2001, during the cashless revolution. It was formerly known as Moneybookers, but it was renamed Skrill in 2013 during a major rebranding. Since then, the company has grown in popularity and in presence among a wide range of sectors. Currently, the company operates in 201 countries and accepts 40 different currencies on a wide range of new casino sites from 2019. The amount of new Skrill casinos keep increasing, and many operators see it as an essential money transfer method in the online gaming sphere.
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Advantages: + Instant transfers + Supports 40 currencies and present in 200+ countries + Exclusive offers on certain online casinos + Offers a VIP Loyalty program + More than 100 methods to fund account
Disadvantages: – Change of default currency is not possible once your account is opened – No customer support for non-European countries
Company Name: Skrill Limited Slogan: Send money to anyone, anywhere. E-mail: [email protected] Website: www.skrill.com Supervised by: British Financial Conduct Authority Transaction Time: Instant for deposits, 2-3 days for bank Min Transaction: 10 $/£/€ Deposit Fee: Some casinos may charge 1,5%
Established: 2001 Address: 25 Canada Square, London, UK Phone Number: +44 203 308 2519 Other Payment Methods: Neteller, PayPal, EcoPayz Security: Email and Password Currencies: 20 Max Transaction: No Limit Withdrawal Fee: Some casinos may charge 1,5%
Acquisition by PaySafe Group
Skrill was acquired by the PaySafe Group in March 2015, in a $1.1 billion deal. The merger also saw Skrill’s earlier rival Neteller also being brought under the aegis of PaySafe Group. PaySafe Group’s oldest product, the PaySafe Cards, is now fully integrated with Skrill and Neteller. These three payment methods work as rivals and have distinctly different customer bases. Paysafe Group is based in the Isle of Man and regulated under UK laws. It is also listed in the LSE and forms a part of the FTSE 250 Index.
Skrill’s European office is still in London The headquarter of Skrill is in London and is authorized by the Financial Conduct Authority (FCA) for issuing electronic money. Skrill provides funds transfer in over 40 currencies, including all major currencies. Moreover, it accepts payments from over 100 platforms including all major banks, cards, e-wallets, prepaid cards, online transfer, etc. It is currently linked with 80 major international banks for quick processing of payments. The main advantage of Skrill for transferring funds in online gambling is it provides an anonymous link between you and the casino, which is important because banking frauds and identity theft are very probably in online gambling scene. To use the services of Skrill, you need only an email id, which will be your identity during the whole transaction.
Skrill is one of the most favored names for international funds transfer. It has a number of unique advantages, that even its closest competitor Neteller can’t provide. Skrill has an extensive history of rewarding loyal users through a multi-tiered VIP program. It offers special cash back and rates to its core followers. The response has been great and Skrill now commands a consumer base of 36 million registered users across 201 countries. Skrill is also tied up with a lot of online casinos, which offers special and exclusive offers only for Skrill users. It provides an excellent online payment platform, which is easy to use and fast. In fact, it has the fastest transaction time among new online casinos and is way faster than traditional money transfer methods.
Skrill has a very dynamic, transparent and liberal fees structure, which beliefs in low rates and huge volume. Its large customer base allows it to provide the most competitive rates in the market. Sending money from your Skrill account to another account will cost you 1.9% of the transaction value, which is also capped at 20 $/£/€. This means you can send any amount and the maximum you have to pay is 20 $/£/€. Adding money to your Skrill account from your bank account or Maestro card is totally free, but using any other cards like Visa and MasterCard will cost you 1.5% to 2.5%. The most expensive method to upload funds to your Skrill account is the PaySafeCard, that charges the whopping 7.5%. Withdrawing money from your Skrill Account to your Bank Account or Debit/Credit Card will cost you about 5 $/£/€.
Using Skrill at New Casinos
As an online gambler, you can send money to your online casino and receive your winnings, without having to pay a single dime in most of the cases. If there is a fee it will clearly be mentioned before you complete the transaction. The ease of using Skrill is what most people love about this e-wallet. Once you go into the deposit section of your online casino, you will be given a list of payment gateways to choose from. Usually, all online casinos have the option of free and instant funds transfers for Skrill users.
Choose Skrill and it will take you through an encrypted gateway to your Skrill account. Simply log in with your email or password (not required if you already have saved it before), and verify the payment. All transactions are instantaneously and your funds should immediately reflect on your online casino account. You will receive an email from Skrill, with details of the payment. Making a withdrawal is very similar to how you make a deposit, you simply select Skrill as your withdrawal method in your online casino and then follow the instructions.