Skrill, also known as Moneybookers, is an e-wallet service or a third party payment processor that stands among the leaders of the international online payment systems. Many people nowadays are using this service that has over 28 million members worldwide.

Compared to PayPal and other e-banks, Skrill is a lot more popular because it can be used in many countries. This payment option can also be used at online casinos for making both deposits and withdrawals. Regulated by the UK’s Financial Services Authority, this e-wallet offers the most secure environment for making online transactions.

Depositing with Skrill

Sign up for a Skrill online account by simply filling out the registration form with some personal information. Your registered e-mail will be your ID and you have to make up a password.

Your next step is to register either your bank account or your credit/debit card. After you chose your funding option, Skrill will charge you a fee from €1.01 to €2.99 to compete the registration process.

After everything has been verified, you can fund your account and use the money to make online casino deposits. Adding funds via your bank account is free, but it takes 2 to 5 business days, while if you choose to deposit funds via your credit card, you will get the money instantly, but it will charge you a fee of 1.90%.

To make a casino deposit, register with a casino that accepts Skrill payment method and go to the cashier. An important thing to note is that this deposit option is used by the leading online casino software producers such as Microgaming and Playtech.

Can Skrill be used for Withdrawing?

To withdraw your casino winning, go to the cashier and enter the amount you want to withdraw. The transfer should be processed after 24 hours.

Cashing out your winning from your Skrill account is also important. All you have to do is choose your preferred destination, that is either your bank account or credit/debit card. Then enter your date of birth. If you are withdrawing to your credit card, you will also have to type in the 3-digit number on the back of your card. The withdrawal fee is 1.80 EUR and you should be able to cash out your money within 5 business days.

The benefits of Skrill

Skrill is a very convenient payment method. The money transfer is processed easily and instantly and the service is 100% safe because it uses the same security technology used by most banks. Your personal and banking details are never revealed to online casinos. This deposit and withdraw option is available in a lot of countries throughout the world compared to other e-wallets and that is what makes it very popular.