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Skrill is a US-registered company that has been around since 2011 and formerly went under the company name Moneybookers before rebranding as Skrill. Skrill is one of the numerous e-wallets you can currently find online. Still, it is becoming one of the most popular and trusted platforms. With Skrill regulated by the Financial Conduct Authority, it is widely accepted across various online casinos and bingo sites.
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The Advantages of using Skrill
A huge plus side to using Skrill is the extra level of security it gives you that the majority of other casino payment methods do not offer. Thanks to sophisticated defence and encryption technology, whenever information is sent to Skrill when customers make deposits to online casinos, it is defended by the highest security standards. Skrill also offers its customers a Two Factor Authentication system to prevent any break-ins into customers’ accounts.
Skrill is a great platform for customers with little experience with previous e-wallets, as it is incredibly simple to use. Skrill has been described as “intuitive, well-designed, and user-friendly.”
One thing that e-wallets are widely known for and that makes them very popular is their fast withdrawal speeds, and Skrill is no different. Customers can expect withdrawal speeds to be much faster than when using debit or credit cards, with the average withdrawal speed under 24 hours when using Skrill.
Skrill is widely accepted across the majority of online casinos and bingo sites as a payment method available to be used for deposits and withdrawals.
The disadvantages of using Skrill
One drawback that may lose the interest of many players is that Skrill charges a processing fee for all the transactions made with this platform. This includes making both deposits and withdrawals into your Skrill account.
Another setback to using Skrill is that many online casinos and bingo sites currently have restrictions on their welcome bonuses, making Skrill users ineligible for their casino welcome promotions.
Skrill deposit and withdrawal times
Skrill prides itself on providing its customers with a platform that enables them to make quick transactions. Whether you make deposits or withdrawals using Skrill, you no longer have to wait for pending transactions, with everything processed instantly.
Opening a Skrill account
As mentioned above, Skrill is a highly recommended site for inexperienced users as it is incredibly simple to use, and signing up is no different. Customers need to simply hit the sign-up button and then fill out the required information, and after this, they are free to start depositing money into their accounts.
Skrill’s handy services come at a price and charge a processing fee on top of almost all transactions made. The following ways can be used to add money to your Skrill account:
Paysafecard, Bitcoin, Boku, bank transfer, Neteller, and Trustly – 1%
Withdrawals from your Skrill account also come with processing fees:
- Visa – 5%
- Swift – $4.76
- Bank Transfer – $4.76
Our conclusion on Skrill
There is a reason why Skrill has quickly become one of the most popular money transfer platforms available in the US; that’s because it has a variety of advantages that comes with it. Firstly, being widely accepted by many online casinos, partnered with the fact that all transactions are handled instantly, makes it a very convenient payment method. Even for those with little experience with online payment services, you should have no problems setting up an account quickly.
A downside to Skrill’s strong security is that it comes at a price, and this price comes as a processing fee found on most of the customers’ transactions. Customers can expect to incur a processing fee even if they deposit money into thier Skrill account.
Despite the drawbacks, the positives surrounding Skrill certainly outweigh them, so we highly recommend giving Skrill a go if you haven’t already.