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The Skrill e-wallet system has expanded its services in recent years to become one of the world's leading payment companies. In 2015 those expanded services paid off with a $1.1 billion acquisition by Paysafe Group Plc. Here you can find a summary of what to expect from the service.
Skrill is a way of sending and receiving money online, including sign-up, purchases, deposits and withdrawals at online casinos. It works in several different ways. The eWallet connects with your bank account to send and receive money to online casinos and retailers without directly sharing your bank details. Money transfers move cash or funds to other people, at home and abroad. The Skrill Prepaid MasterCard (a project in conjunction with MasterCard) works like a debit card. You just transfer money onto it from your bank account, and then use the card to make payments or withdraws.
Signing up for an account with Skrill is a breeze. All they ask is you provide the following personal information:
Skrill is an accepted payment method at over 156,000 businesses around the world, including major online gambling sites, eBay, Skype and Steam. The Skrill Prepaid Mastercard is accepted by every store that accepts Mastercard. Obviously, all the recommended sites listed above accept the Skrill as a form of online payment.
Signing up is free, and a transparent payment structure is applied to the service. Be aware, though, that there's a $3 fee for inactivity over a 12-month period, and that transfers and withdrawals are capped.
|Membership||Uploading/Receiving Funds||Spending, Sending and Withdrawing Funds|
|Joining and maintaining a Skrill account is free but an annual fee of $10 is charged for a Skrill Prepaid Mastercard.||Uploading funds into your Skrill account is usually free, except via Mastercard or Visa, which charge 2.9%, and Paysafecard uploads, which charge 7.5%. Uploading funds to a Skrill Prepaid Mastercard is free as well as Receiving money through Skrill.||Paying at a shop or transferring funds with any merchant (including online casinos) is free while paying with Skrill Prepaid Mastercard is free too. An ATM cash withdrawal costs 1.75% per transaction; a withdrawal by bank transfer costs £5.50 per transaction; sending money online via Skrill costs 1.9% of the amount sent, up to a maximum of $20; and currency conversions are subject to a fee of 3.99%.|
In general Skrill is quick and easy to use, with a simple interface and a useful help section. Many customers find the service suits them, and benefit from special features. The Skrill Loyalty Club earns points for every $1 transferred, and spend them in the VIP Store. The Skrill VIP Scheme uses the service frequently to level up through Bronze, Silver and Gold VIP levels and gain access higher transfer/withdrawal limits, lower exchange and upload fees, and multiple multi-currency accounts. They also promote Exclusive Shopping Offers. The Skrill Security Token provides a 100% money-back guarantee for online funds of a Skrill Security Token, a pocket device to provide secure account access.
Skrill USA is registered with the U.S. Department of Treasure’s Financial Crimes Enforcement Network as a money services business and holds money transmitter licenses in various US states, meaning it must comply with very strict regulations. It's committed to the highest standards of the Payments Card Industry Data Security Standards (PCI-DSS Level 1). They have a security team working 24/7 to protect account holders, publish security advice for customers, and analyse account behaviour to spot suspicious activity, keeping your money safe.
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