How does Skrill work?
Setting up a Skrill account won’t take any longer than a few minutes. You will only be asked a few of your personal details, along with the country you reside in and the currency you use, and then you’re all set to use the service. You can deposit funds to your Skrill account via bank transfer, credit or debit cards and some prepaid vouchers.
Using a Skrill account, depositing funds and receiving funds to your account are all completely free, except for depositing with bitcoin, Neteller or Paysafecard, where a 1% fee applies. This fee is not set by Skrill themselves and they receive no part of it. You can then use your Skrill account to pay online, receive payments and transfer money, all by just logging in with your e-mail address and password.
You can deposit using Skrill by first going to the cashier section on the casino’s website. Choose Skrill as a payment method and you should be directed to Skrill’s site to get logged in, using your Skrill details. If you have enough funds in your Skrill account, you can use them to pay the full sum of your deposit. If you don’t have quite enough, you can still use Skrill as the middleman for your payment by entering your card details or by just selecting your card, if you have it saved into the system. All deposits are handled instantly, and you get to play without waiting.
Withdrawing your casino winnings to your Skrill account is easy and free. Receiving money is also instant from Skrill’s part, but it might take a few hours or even a couple of days for your casino to process your withdrawal request – this depends on the casino you use and should be checked with them. You can then use the money on your account and pay with Skrill as you wish, completely free of charge. However, if you do want to transfer the money from your e-wallet to your bank account or credit card, a fee applies. With bank transfers it’s a lump sum and with VISA it’s a percentage of the sum to be sent.
How safe is Skrill?
You may have been wondering what the point of using an e-wallet is, if you end up having to use your credit card or bank details to deposit to it in the first place. The fact is that using an e-wallet adds an extra layer of protection for the player, as Skrill never shares your details with the casinos and all the information is always encrypted to the highest standards. Skrill security is top-notch and they even offer a two-factor authentication, where you have to enter a code sent to your phone alongside your e-mail and password that you use to log in.
Skrill casino bonuses
Casinos that accept Skrill are easy to find, as it is a common payment method for many casino, betting and bingo sites. Some may offer an exclusive Skrill casino bonus for players who use this payment method to make their deposits. Note, however, that some casinos exclude Skrill from their deposit bonuses for new customers. Even if the casino does not offer a Skrill bonus, Skrill itself offers a VIP programme for its users, where you can enjoy lower fees, around the clock support and other benefits. If you are a high roller or frequent online casinos often, it’s most certainly worth checking out.
Even if Skrill was a name you had not heard of before, almost everyone recognizes the name PayPal. PayPal is a global e-wallet which has been around since 1999, and it processes millions of transfers daily, in over 100 currencies. This all might make PayPal an obvious choice to go for, but PayPal is more targeted towards online shops and personal use and thus might not be available at all online casinos as a payment method, whereas casinos accepting Skrill are more commonly found. PayPal technically works the same as Skrill does and so has the same benefits.
As a Canadian, you might as well consider using iDebit as an alternative banking option to Skrill. This secure electronic wallet supports eight Canadian banks and works similarly to PayPal and Skrill. The withdrawal fee to transfer funds from iDebit to your bank account is a small lump sum, which would prove advantageous over a percentage in larger withdrawals.
Our conclusion on Skrill
Skrill online casinos are everywhere and this payment method offers an extra layer of security over using your bank details or credit card directly to fund your deposits. The only little downside may be that some welcome bonuses are not available to players who make a Skrill deposit. However, in addition to its security, it also boasts ease of use with only having to remember your login details, as well as instant payments, free deposits and free money receiving. If you’d like to try it out yourself, you can find a handy Skrill casino list and see which places offer it as a payment method.