Remember the Moneybookers brand? Founded in 2001, this company was sold for € 105 million in 2007 and was re-launched in 2011 with the name “Skrill”. The current owner of the brand is CVC Capital Partners, but this may change soon: Their biggest rival Neteller has been struggling for a long time to buy Skrill. Until then, however, Skrill will continue to serve approximately 120,000 users and with an average annual transaction volume of $ 330 million.
Skrill (SKR for short) is an electronic payment solution that works over the internet, like PayPal. In other words, you add a financial source (bank account, credit card, etc.) to the system and then make all your payments with a single username and password. Likewise, it is also possible to accept payments. PayPal is still the biggest name in this industry, but Skrill is also in the top three. Under the company group, there are other brands that are familiar: Ukash and PaySafeCard are also owned by the SKR group. As with most other electronic wallet solutions, it’s possible to get a prepaid card too. You can use this card as a regular ATM card, so you can shop at physical stores or withdraw money. Although the SKR service can be used on hundreds of websites, prepaid cards are used everywhere (as they use the MasterCard infrastructure). The only disadvantage of the SKR is that it supports only 4 currencies: PLN, EUR, USD, and GBP. Moreover, you cannot change the currency of your choice later. But apart from this disadvantage, Skrill stands out as a reliable and prestigious option among electronic wallet solutions.
Skrill Slots and Other Casino Games
Compared to PayPal, SKR is a much better option for online gambling. Because it especially invests in this sector and supported by more online casinos as a result. As a matter of fact, the New Jersey Division of Gaming Enforcement (NJDGE) has designated Skrill as the sole payment method for internet gambling. In other words, you cannot use another electronic wallet service in a casino that is located in the New Jersey jurisdiction. Unlike PayPal, Skrill is much closer to the world of online gambling and is therefore preferred. In other words, there are more options to play Skrill online slots and other casino games.
The system’s operation is quite simple: you have to choose SKR as your payment method from your own account page. Once you have decided on the amount of money you want to deposit, you can pay using the MoneyBookers infrastructure. The online casino does not record any phase of the transaction. This is a very reliable method of payment: You do not have to share your credit card or any other financial information. Since you give the final authorization via Skrill, it is possible to control every phase of the process. Though much lower than traditional methods like the bank transfers, it also has some commission fees. You can see them in the table below:
|Sending Money to a Casino||%1.9 (max 66 USD)|
|Withdrawing Money from a Casino||Free|
In addition, if currency exchange is needed, the system applies a fee of %3.99. If you don’t use your account for more than a year, a monthly fee of 3.00 USD is also applied.
What Are the Advantages of Using Skrill in Casinos?
Using SKR, you can get many advantages in a casino. Here are some of them:
- It is safer because no information is shared with the online casino. Your credit card information is never stored in the casino system.
- The process is fast and results in a few seconds. (In rare cases it can take up to 3 days.)
- You can withdraw directly to your debit card and use it on ATMs.
- It is also possible to deposit money in your SKR account using ATMs. In this regard, it is an anonymous solution.
- Because it is a popular payment method in the online casino industry, you are less likely to have problems.
- You can find many bonus offers specific to this payment method.
Problems of payment (and withdrawal) come at the top of the topics where the players experience the most difficulties. Thanks to SKR, it is possible to minimize these problems.
Skrill-Powered Casinos: How to Find and Use Them
Unlike other electronic wallet methods, Skrill announces the list of casinos it works with on its website. It is not “shy” in this regard, and is aware that the service it offers is used for online gambling. For this reason, it doesn’t pretend like online gamblers do not exist, but rather try to win them. For the same reason, casinos are encouraged to promote the brand. At the bottom of almost every casino home page, you can see the “Skrill” logo. This logo means that you can use SKR on that website.
After that, all you have to do is choose Skrill from the options offered to you when you will make a payment. Once you have deposited money to your account, you can start enjoying hundreds of different casino games. To see the list of casinos accepting this payment method, you can also visit our reviews page. In all our reviews, we pay particular attention to the payment methods, and they are shown along with commission fees. Especially if you live in a country where PayPal does not serve, we recommend you use Skrill.