Everything you need to know about using Skrill at online casinos
Skrill, formerly known as Moneybookers, has long been a world-leader in online payment solutions – offering simple, secure and quick payments since 2001. An increasing number of top UK online casinos are adding the e-wallet to their list of banking options, so let’s take a closer look and find out if Skrill is the perfect option to for funding your casino gameplay.
Why Use Skrill
Skrill promises convenience, confidence and instant payments for their users. This ticks boxes for just about every online casino player out there. While all of our featured licensed casinos have measures in place to guarantee secure payments, an extra layer of security makes that guarantee rock solid.
You can use your Skrill account to stores cards and even link bank accounts, but you won’t need to send any sensitive data to a third party, such as an online casino operator. You can conveniently pay anytime and anywhere using just your email address and password. Plus, if you hit a big win at the casino, you’ll be able to move funds with ease. Once you’ve withdrawn your winnings to your Skrill wallet, you’ll be able to transfer them to your bank account instantly. What’s not to like? Creating a Skrill account is a simple task that only takes a few minutes. Once you’ve signed up and added your payment details to your Skrill wallet, you’ll be able to deposit and make fast withdrawals at your chosen online casino right away!
In addition to the popular e-wallet, users can also apply for the Skrill Card. This is a prepaid Mastercard which is available either as a virtual prepaid card or an actual physical card. You are able to top the cards up as often as you wish and there is a daily transaction limit of £4,550. Both allow you to make online payments wherever you see the Mastercard symbol – which covers basically every online casino.
The benefit of holding the physical card is that it can also be used offline, and it allows you to withdraw money via an ATM, too. The card is free but there is an annual charge of €10 which will deducted from the funds in your e-wallet. Furthermore, there are no charges for using the card either, except for ATM withdrawals (1.75%). And, don’t fret if you’ve been refused a credit card in the past, whilst the Skrill Mastercard functions in exactly the same manner as a traditional credit card, it is prepaid, so there are no credit history checks needed to get one.
Skrill was the UK’s first licensed e-money issuer and is authorised by the Financial Conduct Authority (FCA), so you know you’re in safe hands. Not enough to win you over? Let’s take a look at Skrill’s other security measures.
We know that Skrill payments only require a user’s email address and password. This means that your card or bank details are never shared. What you might not know, however, is that any information Skrill do transmit is protected by the highest standard of encryption – Payment Card Industry Data Security Standards Level 1 (PCI-DSS Level 1). This simply means that even if an attempt is made to intercept your data, it’ll be unreadable. Skrill also allows users to enable two-factor authentication (2FA). This allows you to use the Google Authenticator app in conjunction with your Skrill account to provide an extra layer of security. This means that you won’t only require a password to login, but also a one-time use authentication code from the Google Authenticator app. All things considered, you can be confident of secure payments when using Skrill.
If you don’t have access to the Google Authenticator app, don’t worry – you can still create an additional layer of security thanks to Skrill’s PIN authentication feature. You can use PIN authentication as a challenge when logging in, sending or withdrawing funds.
When you deposit your funds into your Skrill account, you will be charged 1% for most payment methods including by bank transfer, Neteller and Paysafecard. There are also fees for Skrill withdrawals, which range from £4.69 for bank transfers to 7.5% for Visa.
As well as Skrill’s own fees, some online casinos may add extra processing costs. This isn’t particularly common, but we’d recommend checking out the terms and conditions just to be sure.
While several gambling sites do accept Skrill as a payment method, you might find that making your first deposit with Skrill disqualifies you from claiming a new customer casino bonus. This is the main concern for players using Skrill. We recommend playing it safe – always read the terms and conditions of any bonus offer before heading to the cashier to make a deposit. Nonetheless, there are still some great Skrill casino bonuses out there, and even some no wagering bonuses too!