Skrill For Online Casino Banking – All Your Questions Answered

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Posted: May 11, 2023

Updated: May 11, 2023

For online players who are looking to transfer funds into their online casino accounts, e-Wallets offer some of the fastest speeds and most secure data protection. One of the most popular of these is Skrill. Accepted by hundreds of online casinos around the globe, Skrill offers players a huge number of benefits. Here we take a look at how to get the best out of Skrill as a payment option for online players.

For online players who are looking to transfer funds into their online casino accounts, e-Wallets offer some of the fastest speeds and most secure data protection. One of the most popular of these is Skrill. Accepted by hundreds of online casinos around the globe, Skrill offers players a huge number of benefits. Here we take a look at how to get the best out of Skrill as a payment option for online players.

Using Skrill For Online Casino Banking 

Since its inception in 2001, Skrill, then known as Moneybookers, has sought to make funding your casino account more convenient. The business changed its name and was acquired by Paysafe Group in 2015. This third-party payment processor or e-Wallet allows you online access to a variety of financial services. The best Skrill casinos accept deposits and withdrawals in over 40 different currencies, which is why it is so popular among casino players.

Given its simplicity as a mobile and online platform that streamlines payments for users, you’ll find that it’s also commonly accepted for online transactions. It allows you to carry a wallet at all times that you can use for payments of any kind. Furthermore, it’s incredibly quick for deposits and withdrawals.

Gambling With Skrill 

Skrill is a great payment option to take into consideration if large and secure money transfers, unique bonus benefits, and an additional VIP rewards program are what you’re looking for. Since the company has been around for a while, many of the biggest online casinos in the market like Mr Green Casino, have continued to accept it as a reliable and trustworthy payment option.

Skrill
Picture Source: Flickr

Skrill is welcome at practically all casinos due to the convenience with which a casino deposit can be made and the minimum withdrawal limits that apply. In fact, it could be said that transactions have never been simpler for a player thanks to the large number of casinos that accept this e-Wallet as a form of payment.

By using the most recent security and safety features, this e-Wallet enables you to make quick deposits and withdrawals to and from your casino account with confidence. It’s a highly regulated service. Meaning that it must adhere to many strict legal regulations. These guarantee the safety of the system as well as ensuring players receive the services they require from a casino.

How To Create A Skrill Account

You must register for a Skrill account if you wish to use Skrill as a digital wallet in order to send and receive money between your bank account and an online casino. Let’s go through the steps:

  1. Visit Skrill’s website.
  2. Press the ‘Register’ button.
  3. Fill in the necessary information.
  4. Check that your email is valid.
  5. By logging in to your Skrill account and selecting the ‘Deposit’ button, you can add funds.
  6. Select the payment option and fill out your information.
  7. You should enter and then confirm the transfer amount. Now your e-Wallet account is active.

Please take note that you must register for a Skrill account prior to using any casino websites.

How To Make An Online Casino Deposit  

Here’s the step-by-step procedure in detail:

Skrill
Picture Source: Pxfuel
  1. Log into your betting online casino account.
  2. Choose “Skrill” as your deposit option when you get to the cashier.
  3. When prompted, sign in to your Skrill account.
  4. Decide on a deposit amount.
  5. If you have money in Skrill, it will be used to finish the deposit.
  6. Skrill can start a quick transfer even if you don’t have a balance while still securing your banking information.
  7. Your sportsbook will immediately receive the funds to your betting account following the transfer.

Note: Skrill asks users who add money to their accounts using a credit or debit card if they plan to spend it for gaming or something else. Users cannot finance their mobile betting accounts with funds designated for non-gaming purposes. As a result, in order to make a deposit into an online casino or sportsbook using Skrill, you must select “gaming”.

How Quick Are Deposits Made With Skrill?

You’ll receive money at the majority of Skrill-accepting casinos instantly and without any delays because Skrill guarantees immediate transactions. However, you should always review the terms and conditions before making a casino deposit because the speed differs from casino to casino. 

Skrill
Picture Source: Flickr

Once you’ve made a deposit, if you can’t see the money in your casino account, double-check that you’ve given the casino the right information. If not, all you need to do is get in touch with your casino’s customer service department to sort things out. After checking this, if you still experience problems, you can speak with Skrill customer service directly.

Online Casino Minimum and Maximum Deposits  

Skrill does not impose any minimum deposit requirements. Therefore you’re free to deposit any amount without incurring any additional costs. However, minimum deposit requirements might vary between every casino. There may well be those that accept this payment method but may also have their own minimum deposit requirements. So, to get a clear idea of what the minimum and maximum deposits are, check out the terms and conditions website or the FAQs page of your preferred casino.

Fees For Skrill Deposits

One of the main benefits of using Skrill as your chosen payment option is that the majority of online casinos don’t impose fees on deposits or withdrawals. Unfortunately, Skrill will charge a fee for both deposits and withdrawals made to your Skrill account. Your bank provider will choose the fee that’ll be assessed. It can start at 0.5% and rise all the way to 7% or more. On the Skrill website, you’ll find a clear breakdown of all fees as assessed by various bank providers. As your level of membership loyalty rises, becoming a Skrill VIP gives you the chance to minimize your costs.

The Pros And Cons As A Casino Banking Method

Skrill is the most utilized method of payment at online casinos—possibly with the exception of credit cards.

Skrill
Picture Source: Pixabay

However, it’s certainly one of the most practical payment methods for all players. Let’s examine its benefits and drawbacks as a casino payment option.

The Pros Of Skrill For Casino Players

  • Multiple levels of security. You never give the online casino your bank account information while using an eWallet. Skrill adds an extra layer of protection to your transaction because it’s SSL-encrypted and just needs your wallet number to complete the payment.
  • Extremely affordable deposit costs. In comparison to Neteller and many other wallets, Skrill requires less money to be deposited.
  • Fast withdrawals and deposits. Both internal transactions and money transfers to and from Skrill online casinos fall under this. In contrast to credit card transactions, where you may have to wait several days to receive your wins, Skrill only takes up to 24 hours to deposit funds into your account.
  • Widespread approval. It’s accessible in over 100 countries and supports over 40 different currencies in addition to a number of cryptocurrencies.

Even if these benefits make utilizing Skrill to make your first casino deposit appear extremely alluring, you should keep in mind there are some disadvantages.

Cons of Skrill For Online Casinos

  • It’s still not as common as using credit or debit cards. For online casinos, Visa and Mastercard continue to be the most popular payment methods. 
Skrill
Picture Source: Wallpaper Flare
  • Skrill might not be accepted at a random casino you find online. Though this is extremely unusual, it’s not impossible.
  • High credit/debit card withdrawal costs. You must pay an exorbitant 7.5% fee in order to withdraw money from Skrill to your credit card. Contrast this with the free deposits and withdrawals at the Skrill casino.

How to Make A Withdrawal Using Skrill

Skrill is unquestionably among the fastest options for online casino withdrawals. Withdrawals made with this e-Wallet are often handled quickly by online casino operators. Here’s a step by step how to withdraw money from an online casino using Skrill:

  1. Navigate to your online casino’s withdrawal page.
  2. Choose Skrill as your withdrawal option.
  3. Input your Skrill account information
  4. If you like, you can then transfer these funds from your e-Wallet to your bank account. But you should take note that the time it takes for money to transfer from your e-Wallet to your bank accounts might be up to 5 business days.

The Speed Of Withdrawals

For all online casino players, Skrill is committed to facilitating quick and efficient payments for wagers. While every deposit is handled promptly, the withdrawal processing can take anywhere from 48 to 78 hours. Since the company guarantees rapid payouts, the processing time for online casinos themselves is the primary cause of this waiting period. However, the good news is that your winnings never take too long to appear in your Skrill account.

Choosing The Best Skrill Casino In The UK

Casino players shouldn’t have any trouble finding an online UK casino that this payment method because it’s such a widely used banking option. In fact, Skrill is accepted for both deposits and withdrawals at hundreds of online casinos nowadays.

Skrill
Picture Source: Flickr

These include one of the best online casinos, Mr Green Casino. Having said that, you should always proceed with caution while visiting any online casinos. This is because different casinos have different levels of customer service, security, and dependability. You can usually be reasonably certain of the security and dependability of the operator in question whenever you discover Skrill-accepted casinos. 

However, if you don’t know which Skrill casinos are reliable, you can use our casino comparison web page to pick one of the best Skrill casinos. Players can simply identify online casinos that take Skrill because it is accepted at nearly all online casinos worldwide. On our website, you can also filter for particular kinds of casino bonuses, such as slot machine bonuses. 

Skrill vs Other e-Wallets

Among online casinos, Skrill, PayPal, and Neteller are probably going to be the most widely used e-Wallet choices. Here at Gamingzion.com we’ve done a deeper dive into all the ins and outs of each of these e-Wallet banking options. 

Let’s start by discussing some of the similarities:

  • Each provides an electronic wallet account that can be connected to numerous bank accounts and credit cards;
  • To open a new account, you must follow a similar procedure that involves installing an app, signing up, and establishing your identity in order to prevent fraud. 
  • All three use upgraded SSL technology with 128-bit encryption and are subject to Financial Conduct Authority regulation. They also keep an eye out for phishing attacks during transactions. Neteller even calls theirs “military-grade encryption” in one place.
  • PayPal has an advantage over both of these e-Wallets in terms of its global reach. It may be used in more than 200 countries, as opposed to 131 and 103 for Skrill and Neteller, respectively. 

Skrill vs PayPal vs Neteller

The three e-Wallets all provide a service that allows for rapid and secure deposits and withdrawals from your account to your preferred online casino. To make their products more appealing to customers, each is constantly improving their services. You can choose which option best suits you by comparing the elements in the table below. 

Banking Option

Skrill

PayPal

Neteller

Fees

1% for deposits.

            Withdrawals up to 2.99%.                 Casinos may charge a transaction fee

Up to 3.5% to receive money.

Inactivity fee (if funds are still in the account) of £9 a year. Casinos may charge a transaction fee

Withdrawals range from 0-3.99%. 

                                   Casinos may charge a  transaction fee                                                                                                                                                                                               

Availability

131 countries

  Over 200 countries

103 countries

Additional Services

VIP program – Lower fees, higher limits   

PayPal Rewards – Earn and redeem points for cash or credit

VIP program – VIP manager, lower fees, higher limits, and invites to events

Currencies

40

25

22

Associated Bank Cards

Prepaid Mastercard, PayPal 

Mastercard, PayPal credit card

Net+ Prepaid Mastercard, Net+ Virtual Card

Safety With Skrill Casinos 

For a start, Skrill is one of the most secure payment options at any casino. It shields the recipient and any outside parties from seeing any of your private financial details. Skrill also makes use of cutting-edge fraud detection technologies to give you an extra layer of security. Two Factor Authentication is part of this. This makes it harder for unauthorized users to access your gateway. Even better, Skrill offers strong encryption and is subject to UK Financial Conduct Authority regulations. 

Customer Support At Skrill

On their customer support portal, Skrill provides various options for customer services. You can find answers to many of your questions in the concise FAQ section on this website.

Skrill
Picture Source: Pixabay

There’s also information on how to contact them in case your question wasn’t addressed:

Email: Contact form

Phone: +44 203 308 2520

FAQs

Can I cash out my winnings quickly from a Skrill casino?

Possibly but much will depend on the specific casino. So you might have to wait a few hours for a casino withdrawal to show up in your Skrill account. You should confirm the processing times for withdrawals with your preferred online casino before you make your first deposit.

Can I deposit money into a UK casino using a credit card?

No, using a credit card to make a payment at an online casino or gambling site has been prohibited since April 2020. Following a UKGambling Commission consultation on safeguards against gaming risks, the decision was made. By banning credit cards from the gambling industry, it is possible to stop people from using money they do not possess to place bets. 

Is Skrill accepted in online casinos?

Yes, gamers at online casinos like Mr Green Casino can use Skrill as an e-Wallet payment option. You can find it in a lot of online casinos all over the world. Remember that certain online casinos don’t grant bonuses for deposits made with Skrill.

Is it free to gamble using Skrill?

The majority of online casinos don’t impose any fees on Skrill deposits or withdrawals. However, Skrill will charge you a fee for all deposits made into and withdrawals made from your Skrill account.

Which countries take Skrill?

Nearly 200 nations accept this option, including Austria, Australia, Bangladesh, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Nepal, Netherlands, Poland, Portugal, Romania, Slovakia, and the United Kingdom.

Click here to try the live casino at Mr Green Casino

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