Online casinos have been around since the days when bank transfers required up to an entire week to be processed. Clearly, this was extremely inconvenient – sending money to friends and family in an emergency was difficult if not impossible, depending who they banked with and whether there was a branch somewhere close to you.
If you wanted to play some online casino games, nobody wanted to wait an entire week for their funds to become available. The majority of the public did not trust the internet back then – entering your card details into a website was both scary and even risky, depending on the level of security used by the receiving party. The good news for Skrill here too is that it allows for international money transfers, so players looking to transfer funds to international casinos are in luck.
It was in this environment that a handful of savvy entrepreneurs came up with the idea of creating a digital wallet, or e-wallet as they are more commonly known today. Over in the United States, Elon Musk’s X.com was expanding to become a fully fledged bank. X.com was renamed PayPal in 2001, right around the same time that MoneyBookers was founded in London, England.
As e-wallets and other forms of online payment have become more common, a great number of services are using these alternatives for money transfer and for payment too – if skrill customers choose to visit an online casino there are plenty of great options to transfer money and access skrill payments. But which are some of the best? Lucky Red Casino A long standing Realtime Gaming based online casino, Lucky Red welcomes players looking to use Skrill as a service to pay into their deposits. With a $35 min deposit and $1,000 max, terms are very fair and users can complete a withdrawal in minutes with no additional data needing to be passed over, and nothing to sign. Unfortunately players won’t be able to withdraw winnings using Skrill and will need to review other payment methods to claim winnings. Club World Casino Having launched way back in 2005, Club World Casino has plenty of experience in delivering a fantastic gaming experience balanced with a great support system too whilst offering a wide range of payment options without the need to contact support. Skrill is offered with a $35 minimum deposit and a $1,000 maximum, but without the possibility of withdrawing using Skrill. In order to deposit and withdraw funds, however, plays may be required to fill out a form to verify identify. A digital wallet can take many forms, and the expression will likely lead many people to think about Bitcoin and cryptocurrencies today. Whilst those technologies are undoubtedly exciting, services such as Skrill and Paypal have vastly different goals and use cases. As a result of this, it is very unlikely that cryptocurrency will push these services out of the market anytime soon. Skrill operates a secure encrypted website. Signing up can be a tad laborious – you will need to upload your identification documents and a recent utility bill before you can begin sending and receiving money using Skrill. The reason for this is the regulations enforced by the majority of worldwide governments. Despite this, Skrill customers are able to handle Skrill payments very easily and often without transaction fees, more detail in the security aspect means an easier process from start to finish and the security allows for Skrill to be accepted in a wider number of markets too. Any company offering financial services is required to perform Know Your Customer (KYC) checking on everybody who wishes to begin using their services. This was not always the case – I can personally remember a time when anybody could open a Skrill account and begin sending and receiving money without any KYC verification whatsoever. Coming back to the original question then, an e-wallet is a secure website which allows you to store money in an online account. E-wallets have the ability to send and receive money instantly – it doesn’t matter where the business or person you need to transact with might be, your e-walllets gives you the ability to send and receive money to and from anyone on the planet with just a few clicks of the mouse. Perhaps taking a little inspiration from Elon Musk, Skrill was established by Daniel Klein and Benjamin Killmannhich in 2001. MoneyBookers, as it was known at the time, immediately recognized the issue that online casinos were experiencing sending and receiving payments. The two founders decided to focus their entire site and marketing budget towards the online gambling industry. This turned out to be a wise decision – the pull of being able to receive your winnings from an online casino instantly rather than having to wait an entire week led to MoneyBookers quickly being added as a payment option at almost every online casino. You could now deposit at your favorite casino (and without giving them your banking information), play your favorite casino games, and when you had a lucky session, you could request a withdrawal via Skrill as well. Skrill withdrawals took anything from a couple of minutes to a few hours, depending on the casino. Let’s be honest – even a few hours are better than waiting days for a bank transfer or worse still, watching out for a cheque in the mail. But what next, after your winnings arrive in your Skrill wallet? The company was quick to think about this too. They offered bank transfers of course, but through no fault of their own those were still agonizingly slow. The company soon made a deal with MasterCard, and for just a few dollars you could purchase a Skrill Debit Card, allowing you to spend your winnings immediately. Offering their own debit card was a master stroke – Skrill was soon purchased by Investcorp in March 2007, by which time it had grown to become one of the top three e-payment providers in Europe. One of their competitors was PayPal, but their purchase by eBay meant that they were focused on completely different market segments to Skrill. Paypal was not an issue. The third company on the other hand was a an extremely strong competitor – Neteller. Skrill and Neteller were both focused on the online gambling market, and while both companies were competing in some countries, there were many other countries where only one or the other had a presence. This piece of luck was sufficient to allow both companies to continue expanding, and a series of mergers and acquisitions followed. In February 2013, Skrill purchased the Austrian-based prepaid card company paysafecard. This wasn’t enough for Skrill, however, as they also purchased UKash in 2015. UKash was based on an innovative idea of allowing people to purchase vouchers from stores and gas stations, in much the same way you would buy a mobile phone voucher. Skrill continued to grow and expand, its rise seemingly unstoppable – that is, until late 2015 when Optimal Payments made a bid for the company, offering $1.1billion. Despite the fact that Optimal were the parent company behind Skrill’s archrival Neteller, the deal on offer was simply too good to turn down. With all of Europe’s primary electronic payment methods now owned by the same company, Skrill’s new owners decided to kick things up a notch by hiring a number of new teams who would focus on other markets aside from online gambling. Before the buyout, Skrill had dipped a toe in the water as far as sponsorships were concerned. They sponsored the British National Football League in 2013 as well as being the main sponsor of the European Poker Tour on several occasions. Optimal Payments took this to the next level by sponsoring Leeds United, a major player in the English Premier League. Most recently, Skrill has announced a four-year sponsorship deal with Italian club AC Milan – one of the best teams on the planet. The success of Skrill and its parent company has not gone unnoticed – in 2019, the company won an award for offering the Best Digital Wallet from Juniper Research and the Future Digital Awards. They have also received accolades from the American Gambling Awards and the Consumer Payment Awards. Opening an account with Skrill is relatively simple, although the KYC requirements can be a little annoying. This is the same no matter which payment method you choose to use though, so it is not fair to blame Skrill for this. Once you have opened an account, you will need to submit your documents for verification. This is usually done within an hour or two during business hours. Once your account is verified, you are finally ready to fund your e-wallet! Adding funds to your Skrill wallet is simple, as their secure server allows you to deposit funds using your debit or credit card. You can also make a transfer from your bank, which is much faster today than it was in the past. Skrill have their own custom interface that allows you to connect your bank account with Skrill. If you choose to do this, transfers between your bank account and your e-wallet are instant. Skrill has been expanding into other markets for several years now, although online gambling sites do still seem to be their primary focus. Nevertheless, the company has added the ability to make deposits using many cryptocurrencies, as well as 40 regular fiat currencies. Almost every online casino on the web has the option of making a deposit via Skrill. If you do not have funds in your Skrill account, you can fund the deposit using any of their available payment methods in real-time, without any fees. Skrill deposits will appear in your online casino account immediately, but if you are playing at a new casino and wish to take advantage of a welcome bonus, be sure to check their terms and conditions before using Skrill to make your deposit. Unfortunately, there are still many casinos that haven’t woken up to the fact that Skrill now performs just as much KYC verification as they do. In the past, some players would open multiple Skrill accounts so they could claim a welcome bonus more than once. This became so common that the entire industry responded by refusing to offer any kind of welcome bonus to players making their first deposit using Skrill. Getting lucky at an online casino isn’t easy, no matter who you choose to deposit with! Still, regular players will often find themselves in a position where they want to withdraw their account balance. With Skrill, this couldn’t be easier, although you do need to make a Skrill deposit before you will be permitted to request a Skrill withdrawal. Skrill withdrawals tend to be extremely fast – many of my favorite casinos will send Skrill withdrawals immediately. When I say immediate, I really do mean it, too – I can press withdraw on my laptop, pick up my phone to check my balance, and BOOM! the funds are already waiting in my Skrill wallet, ready to be spent using my Skrill debit card or instantly transferred to my bank account for safe keeping. Some casinos still insist on checking every withdrawal manually before paying out, which is understandable. Because of this, there are casinos which can take between a few minutes to a few hours before they send the funds to your Skrill wallet. If you install the Skrill app on your phone, you will receive an instant notification as soon as the funds arrive. If your favorite casino takes more than a day to send a Skrill withdrawal, why not ask them why? There are dozens of online casinos who will send Skrill withdrawals within seconds, so there really is no excuse for delays of more than a few hours. Skrill is a digital e-wallet that allows online casino players to make deposits and withdrawals between a player account and an e-wallet in several fiat currencies, like USD, and cryptocurrencies like Bitcoin and Bitcoin Cash. A Skrill deposit is fast, safe, and secure, with funds typically credited to a bitcoin casino player account within seconds. Transactions are just as fast for a withdrawal too. Yes, Skrill is a London, United Kingdom-based payments provider owned by Paysafe and Investcorp. It is licensed by the FCA in the UK and by FinCEN (Skrill USA) in the US. Some online casinos offer deposit bonuses when making a Skrill deposit. However, this is not always the case, so check the casino terms and conditions first. A Skrill app is available for Google Android and iOS devices. Besides common fiat currencies like US dollars, online casino players can make altcoin and bitcoin deposits and withdrawals.Casinos That Accept Skrill
WHAT IS AN E-WALLET?
HISTORY
HOW TO DEPOSIT USING SKRILL
HOW TO MAKE A WITHDRAWAL USING SKRILL
FREQUENTLY ASKED QUESTIONS
WHAT IS SKRILL?
HOW LONG DOES IT TAKE TO MAKE A SKRILL DEPOSIT?
IS SKRILL A LEGIT PAYMENT PROVIDER?
DO I QUALIFY FOR A CASINO BONUS WHEN MAKING A SKRILL DEPOSIT?
CAN I DOWNLOAD A SKRILL APP FOR MY ANDROID OR IOS DEVICE?
CAN I USE SKRILL TO MAKE A BITCOIN OR OTHER CRYPTOCURRENCY DEPOSIT?