Using Skrill at online casinos

Skrill Payment Method

Skrill is an e-wallet service provider that has been around since 2011. The UK-registered company was formerly known as Moneybookers and changed their name to Skrill in 2011 as part of a rebranding effort. Regulated by the Financial Conduct Authority to operate within the EU, this payment system is fast becoming a trusted platform, especially at online betting establishments with many Skrill casinos and Skrill bingo sites available.

The company has picked up numerous prestigious awards which recognised the quality of their services including winning titles at the EGR B2B Awards, International Gaming Awards, and Financial Sector Technology Award just to name a few.

On this page, you’ll find all the information you need about this payment system provider, including the pros and cons of using their services, the ease of registering for an account, and their fees structure. These details are provided by our experts who have done a thorough analysis of the company in order to help you make an informed decision on whether you should use Skrill as your gambling transaction platform. Furthermore, we also tell you the best casinos that accept Skrill which you can trust:

Featured bingo sites that accept Skrill Moneybookers

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The advantages and disadvantages of using Skrill

Pros:

  • Cutting-edge security measures – By using this payment system to play Skrill slots and other casino games, you add an extra layer of protection on your financial details. All information sent on the Skrill platform are defended by the latest encryption technology which conforms to the highest of PCI data security standards. Furthermore, users can activate the Two Factor Authentication (2FA) function to prevent unauthorised entries to their account.
  • Easy-to-use platform – Even if you’ve never used any online money transfer services to make payments before, you’ll pick it up in no time because Skrill’s platform is intuitive, well-designed, and user-friendly.
  • Fast withdrawals – Online casinos process Skrill withdrawals faster than other banking methods like credit cards or bank transfers. You generally don’t need to wait for more than 24 hours to see the funds in your Skrill account after the casino has processed your withdrawal.
  • Widely available – Most online casinos accept Skrill as a banking option, allowing you to use it for both depositing and withdrawing.

Cons:

  • Transaction fees – Skrill charges a processing fee for almost all transactions including uploading money into your account and withdrawing from it.
  • Welcome bonus restrictions – Some casinos don’t accept deposits using Skrill to be eligible for claiming welcome bonuses.

Banking with Skrill

Now that you know what’s hot and what’s not about using Skrill, let’s take a look at other important factors to see if this is the right payment system for you:

Deposit and withdrawal times

Skrill is all about fast transactions. Therefore, depositing money into your Skrill account and withdrawing from it into your bank account is completely instant. That’s right! You no longer have to wait impatiently for pending withdrawals and non-weekend processing time anymore when you use Skrill.

Ease of opening an account

Opening a Skrill account is a breeze. All you have to do is click on the “Sign up” button on the official website, fill in your details in three easy steps and you’ve got a secure Skrill account! The moment you’ve successfully registered for an account, you can upload money into it using a variety of payment methods and start playing at Skrill casinos immediately.

Fees structure

Security and convenience do come with a cost for Skrill charges a processing fee for transactions carried out on its platform. There are many different ways to add credit to your account:

  • Credit card, Paysafecard, Bitcoin, Boku, bank transfer, Neteller, and Trustly – 1%
  • Withdrawal from your casino account – Free

Withdrawals from your Skrill account will also cost some fees per transaction:

  • Bank transfer – £4.76
  • Visa – 5%
  • Swift – £4.76

Our final thoughts

Skrill is UK’s first online money transfer service provider and remains one of the most popular still, especially at online betting sites. Because many casinos accept it, paying by Skrill is very convenient and easy, not to mention the fast account setup process. Although users do have to pay for topping up their Skrill account and making withdrawals from it, the fees are not as high as some other providers like Neteller, who offer similar services. We believe that the pros definitely outweigh the cons with Skrill considering the convenience and security that come with using it. Therefore, we urge you to check out a Skrill casino on our list of recommendations today for a fast, easy, and safe gambling transaction experience.