Moneybookers, now known as Skrill, is one of the most popular e-wallets used by online casino players to make payments and cashouts. The payment processor provides virtually instant cash transfers and in many cases, same day payments. Skrill is widely used in mainland Europe and has a customer base of over 21 million people. It was founded in 2001 as Moneybookers, and has since then provided casino and sportsbook player a safe and cheaper alternative to transfer funds to and from online gambling accounts. Most online casinos offer Skrill as a payment method for both deposits and withdrawals.
One of the biggest benefits for online casino players using Skrill is the low fees involved. The payment processor complies with Financial Services Authority regulations, making it a safer alternative for online transactions. They also guarantee the safety of your personal and financial details. Online casinos usually do not charge for making deposits or withdrawals using Skrill. However, the company does charge a small fee for depositing or withdrawing funds to and from your Skrill account. Using a Maestro debit card to deposit funds into your Skrill account or withdrawing via bank transfer or Visa will not attract any charge. To withdraw from your Skrill account via Visa or bank transfer attracts a flat fee of £1.41.
Skrill promises to make online casino deposits as simple as possible. In addition, the ease of use of low fees structure makes it a preferred choice of many online casino players. Besides, it’s an ideal choice for those who are not willing to expose their credit cards online. Users can register with Skrill and start using the payment system at online casinos instantly. They guarantee to keep every customer’s personal information confidential and money safe.
Withdrawals are also an easy process with Skrill. As a Skrill account holder you will need to buy a pre-paid Moneybookers MasterCard that is linked to Skrill e-wallet. This prepaid card attracts a lower withdrawal fee and can be used at many ATMs in over 200 countries. It also offers users to directly transfer funds to their bank account, which is usually processed within 1-3 banking days.
Skrill has a straightforward registration process which also involves registering for a pre-paid debit card that can be used to withdraw funds. While the registration process is simple they do make the effort to follow strict verification measures so that no account is ever compromised. It is also worth noting that many casinos offer a deposit bonus for using Skrill.