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Skrill is a digital wallet widely accepted across the gambling industry. It is a digital payment provider who facilitates payments to websites.
They are part of the Paysafe Group which also includes NETELLER. Skrill is one of the go-to payment options when it comes to uploading funds to gambling websites.
Skrill is a way of sending and receiving money online. This includes deposit, withdrawals and balance top-ups at online casino and betting websites.
They also do international money transfers and you can send money to friends or family using an email address. Their two key products of interest to gamblers are the digital wallet and the prepaid Mastercard.
How it Works
Open a Skrill wallet and connect your cards, bank accounts or alternative payment details
Move funds into the wallet
Move funds from the wallet to an online casino, betting site or poker website
Withdraw winnings back down to the wallet and spend them using the wallet or access them as cash via the prepaid Mastercard
Your financial details are protected as the online gambling operator only sees your digital wallet, not your bank/card details.
Gambling transactions do not appear on your bank statement either so Skrill offer some privacy and discretion. VIP members can have accounts in multiple currencies.
How Do I Sign Up With Skrill?
Signing up for an account with Skrill is simple and FREE. All they ask is you provide the following personal information:
The payments industry is regulated so after a few transactions you will have to verify your account. This ensures Skrill meets its regulatory requirements. Verification involves proof of identity.
You will require picture ID and utility bill proof of address. Once verified, you unlock features like higher transaction limits (i.e. move more funds), VIP programme eligibility and more.
Who Accepts Skrill?
They have huge coverage in the gambling industry. Most online betting companies accept them as do a lot of casinos, video gaming companies and forex merchants.
What Fees Do Skrill Charge?
You open an account for free, but you must use it, or an inactivity fee applies. They have a full web page dedicated to their fee structure.
Most fees are applied as a percentage of your transaction amount i.e. funding your wallet or withdrawing funds out of your wallet. Moving funds to gambling sites is usually free but there may be a fee to move it back - this varies per site.
Joining and maintaining a Skrill account is free
An annual fee of £7.95 is charged for a Skrill Prepaid Mastercard
Uploading funds into your Skrill account is usually free, except via American Express, Diners Club, JCB, MasterCard or Visa, which charge 1%, as do paysafecard uploads
Uploading funds to a Skrill Prepaid Mastercard is free
Receiving money into your Skrill wallet is free
Spending, Sending and Withdrawing Funds
Paying at a shop or transferring funds with any merchant (including online casinos) is free
Paying with a Skrill Prepaid Mastercard is free
An ATM cash withdrawal with card costs (1.75%)
Withdrawal fees vary per method- i.e. withdraw to bank, card or other methods
Sending money to another wallet holder is free. Sending using a bank has fees but they regularly run send for free promotions
Currency conversions - they add a 3.99% fee to the exchange rate
In general, Skrill is quick and easy to use, with a simple interface and a useful help section. The service is ideal for those looking to move funds quickly to different gambling sites.
Once money is added to your wallet, you can move it quickly to your favourite sites.
Key reasons why Skrill are a good fit include:
Privacy and discretion. Your bank details remain private
They have strong relationships with the gambling industry so know their customers very well
VIP Programme available
Regular promotions and offers
Funds move instantly to websites
Accepted at the world’s leading bookmakers, casinos and poker rooms
Skrill was the first licensed e-money issuer in the UK and is authorised by the Financial Conduct Authority (FCA) and is committed to the highest standards of the Payments Card Industry Data Security Standards (PCI-DSS Level 1).
They offer Two Factor Authentication (2FA) on your account. You just need your email address and password to pay. Your card or bank details are never revealed.
"Lena Sciberras is head of our Casino Content. With many years of experience covering online casino products and working with some of the biggest online software and payment providers in the casino industry Lena is ideally placed to ensure quality and accuracy across all of our casino content and consumer advice."
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