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When you start playing at online casinos, the first thing you probably think about is picking a reliable way to put money into your account. Skrill, previously called Moneybookers, is a quick and popular way for players to move money to and from online casinos. It’s used by over 500 casinos and has 36 million users globally.

Skrill is liked for its easy funding methods, quick account access, and being available worldwide. In this Skrill review, you will find out why it’s a preferred choice for online casino players compared to other e-wallets.

How Skrill Revolutionizes Casino Transactions

Credit cards are ideal for in-person shopping, PayPal is great for online purchases, and when it comes to online casinos, Skrill takes the lead. As a secure and instantly accessible e-wallet with the capability to handle a wide range of web transactions, Skrill has become the preferred deposit method for both players and bookmakers. Skrill is especially useful in online gambling, alongside finance and video gaming.

More websites accept Skrill than Neteller now, which used to be the main choice for over 80% of casino payments in the early 2000s. As of 2023, Skrill operates in over 100 countries, accepting more than 40 currencies, a bit more than Neteller. It’s important to mention that Skrill and Neteller share a commitment to privacy since they both belong to the same online payments company, Paysafe Group.

Why Choose Skrill?

Skrill stands out as a secure and swift deposit method, particularly appealing to players seeking instant withdrawals. Deposits to your Skrill casino account happen almost instantly, and the same goes for withdrawals, although the casino’s processing time plays a role.

Another Skrill advantage is that you can avoid sharing your banking details with the casino during deposits. All transactions are securely managed through Skrill’s platform, ensuring the confidentiality of your personal information.

The Pros of Instants Skrill Transactions

The primary reason Skrill remains a preferred choice among online casino users is its real-time transaction feature. Both deposits and withdrawals happen instantly — once the casino approves your withdrawal request, the funds appear in your Skrill wallet immediately. This stands in contrast to bank transactions that may take an additional 3 business days due to the processing time required by banks.

Beyond the immediacy of transactions, Skrill offers several noteworthy advantages:

  • Skrill provides users with the option of obtaining a prepaid Mastercard, allowing them to use their Skrill balance in offline shops. Functioning like a debit card but with the prestige of a credit card, it is directly linked to the available balance in your Skrill account.
  • Skrill features a rewards program called Knect! Users accrue points with each Skrill transaction, which can be redeemed for various rewards.
  • Sending money to an international bank account using Skrill incurs no fees, making it an excellent option for sending money abroad to friends or family.
  • Skrill imposes no fees whatsoever when receiving money, whether from an online casino or another platform.
  • Unlike PayPal, Skrill only allows payments if the corresponding amount is available in your wallet, offering better control over your budget.
  • Skrill facilitates the buying and selling of cryptocurrencies such as Bitcoin.

How Secure is the Skrill Payment Method?

Is your money secure with Skrill? With a two-decade track record, Skrill is registered with the UK’s Financial Conduct Authority and holds a European e-Money license, allowing global operations, including in the US.

Although Skrill faced challenges in the past, it has remained resilient and trustworthy. As one of the earliest eWallets licensed in the UK, it continues to be a regulated payment processor, establishing itself as a reliable and secure payment option.

Skrill enhances payment security by never exposing users’ bank details online. All transactions are encrypted using PCI-DSS Level 1, adhering to the highest industry data security standards. Skrill is widely recognized as a trustworthy and safe payment method.

Skrill implements stringent identity verification standards, ensuring robust security with 128-bit encryption and two-factor authentication—a contemporary and highly secure measure.

Final Thoughts on Skrill

Being a swift and reliable payment method, Skrill is a popular choice among players, especially if you are comfortable with the associated fees. Many casinos, including numerous new ones, accept Skrill, providing ample options for those looking to try their luck.

Skrill casinos stand out for their efficiency in casino transactions and the game variety. These providers offer lightning-fast deposits and prompt withdrawals, ensuring seamless gaming sessions.

However, it’s crucial to consider certain aspects when using Skrill for gambling. Some casino sites may exclude Skrill payments from bonus offers, limiting bonuses to card and bank transfer payments. In essence, choosing Skrill as your deposit method might disqualify you from bonus spins or first deposit promotions.

To avoid such issues, always thoroughly read the bonus terms and conditions (T&Cs) and ensure that your chosen casino deposit method qualifies for the intended bonus spins or funds. Once you’ve clarified these details, you can make the most of the first deposit or free spins promotions without any problem.

Now that you know the benefits of the Skrill payment methods, it’s your moment to cherry-pick a favorite online casino and jump into the fun of quick and easy gambling, knowing that your finances are well-managed and under control.