Skrill Casinos UK 2020 – Easy deposits when gambling online
Skrill is a well-known e-wallet that allows users to store funds online, make and receive payments, and transfer money to and from accounts – especially when gambling in an Online Skrill Casino.
It was founded in 2001 under the name “Moneybookers”. Over the years, thanks to its integration in brands like Facebook and eBay, it gained more and more users. Its customer base hit a record in 2011 at 25 million.
They were officially rebranded as “Skrill” in 2013. After getting acquired by CVC capital partners, they were adopted as the only sanctioned e-wallet for online gambling in New Jersey, thus extending their reach across the Atlantic.
As they’re UK-based, they are regulated by the Financial Conduct Authority, and are licensed to operate in all of Europe. Currently, you can use Skrill as your preferred online gambling payment method in more than 200 countries.
How Do I Use Skrill?
After being acquired by Neteller’s parent company Online Payments in 2015, Skrill has adopted the same kind of functions as their one-time rival. So, if you already know how Neteller works, setting up an account on Skrill will be easy peasy.
Setting up a Skrill account is pretty intuitive and it’s 100% free.
- Go to Skrill’s website.
- Sign-up and enter your personal details when prompted.
- Verify your account through e-mail.
- Choose a currency for your account.
- Link the account to your regular bank account.
- Deposit funds into your new Skrill account.
And voila! Once you’ve set up your Skrill account, you can head on to the Skrill casino of your choice and set up your Skrill account as your preferred withdrawal and/or deposit method in the banking section.
Skrill Account Security
The great thing about using Skrill, like almost all other e-wallets, is that you’ll never need to share your personal details during your online transactions.
Whether it’s to make deposits at casinos or to place bets at online betting sites, all you have to provide is your e-mail address.
You’ll only have to provide your personal information when you set up your Skrill account. Thanks to Skrill’s payment network, you have the option to transfer money online while limiting how much data you share.
Because of this, using e-wallets can be a more appealing option than bank transfers, where you have to provide personal info for every transaction.
Skrill Features: Pros and Cons
Transaction Fees: The Cheapest You’ll Find
Skrill is known as one of the cheapest e-wallets you can use to transfer money online. Thanks to their focus on low-cost international money transfers, you’ll find a lot of free options, and smaller fees than elsewhere.
When funding your Skrill wallet, you may have fees according to the chosen deposit method. Some may be entirely free, some cheaper than others.
Also, when transferring money from Skrill to your bank account, you will have to pay a flat fee of $5,50.
Like we mentioned early, you’ll find Skrill available as a payment option all over the globe.
As of this article, you can choose over 40 major currencies for your account. It’s important to note that once you’ve chosen one currency and used your account for a transaction, you can’t go back and change your account currency.
An easy solution to that is to create multiple accounts – which is entirely possible as all you need is an e-mail address.
Another great element is that you can deposit money into your Skrill account from a multitude of different payment options.
If you’ve got money you want to use for gambling on credit cards that aren’t accepted by your online casino, for instance, you can simply transfer the money from the unusable payment option to Skrill. That way, you can still play at casinos that have payment option restrictions.
The great thing about e-wallets like Skrill is that you can really use it for everything.
Some banks have certain restrictions regarding how much money you can have in your account, where you can pay, how much you can cash out, and whether you can use your money to gamble – but Skrill is much more flexible than that.
You can use the same account at many different places, both geographically and online. Also, Skrill is available as a deposit option and a withdrawal option, which isn’t the case for every payment method.
Like with Neteller, you can buy a Skrill-branded prepaid card. It will be linked to your account, so when making payments, you’ll have to communicate your card details rather than your email address.
As of this article, the Skrill card is available in four currencies: US dollar, Euro, Polish Zloty and GBP.
Best Skrill Casinos: Pros and Cons
Along with Neteller and Paypal, Skrill is a definite favourite among gamblers and casinos alike. Some of the very best casinos use Skrill because of how it makes financial transactions quick, easy and stress-free.
Along with being one of the fastest payment methods out there, you’ll also benefit from several exciting advantages if you choose to play at a Skrill casino. However, there are also some things to look out for.
It might be great for your own security to only have to hand out your email address when making deposits with Skrill. But because of this, Skrill casinos can’t actually verify who you are if you use Skrill for your very first deposit.
Some casinos, therefore, require that you use an alternative payment method than Skrill or Neteller for deposits that trigger welcome bonuses.
Also, you should be aware that some Skrill casinos place limitations on deposit amounts. These can be more or less flexible; just contact your Skrill casino customer support to check out your options.
Similarly to Neteller, Skrill customers can enjoy a premium membership called “Skrill VIP”. This comes with a few great features including heightened security, and also multi-currency accounts.
Thanks to this, you can withdraw winnings in different currencies from your Skrill casino without having to juggle between Skrill accounts.