Skrill Casinos

What is Skrill?

Currently, Skrill is among the most popular banking options in iGaming. Due to its fast and fuss-free payments, many gamers love it.
Skrill’s history links closely to gambling. It was the first-ever digital wallet to process payments for betting operations. Despite its current successes, the e-wallet has such a relatively humble background.

Previously Moneybookers, Skrill is based in London, United Kingdom. The e-wallet went live in 2001. Its main aim was to provide a convenient way of making payments online.

After six years of operation, Moneybookers was acquired by Investcorp for €105 million. The move allowed the company to expand its operations globally.

In 2015, Paysafe acquired Moneybookers and revamped it to Skrill. This also led to significant changes to the services provided. Consequently, Skrill currently enjoys a big fanbase across the globe.

The e-wallet serves over 180 nations today. Moreover, it is supported by approximately 16000 online merchants and businesses.

Today, Skrill offers various services that Moneybookers did, but with notable adjustments. As such, several leading online casinos accept Skrill as a banking option.

Skrill acts as a third-party payment processor. The solution provides a vast array of financial services to online customers. These customers include casino operators and gamblers.

Away from that, the e-wallet accepts 40+ currencies. Besides that, most people prefer it since it directly links to banks. The security and safety measures in place are also top-notch.

Despite its prominence, online gamblers in Japan and Mauritania cannot use Skrill.

Skrill Fees & Taxes

The best part about using Skrill is that it is fast and hustle-free. This is also the reason why several online casinos prefer it today.

When it comes to deposits, most online casinos will not charge an admin fee. This means that the site will only deduct the exact deposit amount you enter.

However, fees and taxes may arise from your financial institution. This happens if your Skrill balance is zero and you wish to fund it.

Depending on your financial institution’s terms and conditions, the fees vary. Also, your country’s regulations have a say on withheld taxes.

Depending on the gaming site’s policies, you may be charged for withdrawals. The small administration fee is always stated on the site’s terms and conditions.

Most online casinos will charge you anywhere between 0.50% to 2% per withdrawal. Moreover, you will be charged a withholding tax that is payable to the licensing authorities.

Other fees are charged based on your chosen currency. If there is a need for currency conversion, you will be surcharged for it.
Having said that, all fees associated with Skrill payments are affordable. In fact, they are way less compared to many other banking solutions.

Skrill Мarket Coverage

Skrill has been in use for several years. Its convenience and reliability are unmatched. As such, many online casinos accept it as a payment gateway.

Currently, 200 countries are covered and the number keeps growing. These include select countries in Europe, Africa, Asia, and the Americas. The list is a tad long but is available on the Skrill website. You can check it out here.

In 2021, the company decided to stop issuing Skrill Mastercard to Non-SEPA nations. However, countries like the USA and UK still enjoy this service. It allows residents of these nations to send money from their Skrill balance straight to any person’s bank account.

Skrill is working round the clock to ensure the service is available globally. For now, no Asian country enjoys Skrill Mastercard services.

However, other Skrill services are still available. This allows people in these countries to make transactions efficiently as well.

Notably, Skrill prohibits payments done in jurisdictions where gambling is illegal. The company reserves the right to reject a transaction and even block your account entirely.

You cannot use Skrill to wager in countries like

• China
• Turkey
• Malaysia
• Israel.

Although the payment method is available online, you may not use it in some countries. It may be because the Skrill domain is blocked in those countries. Also, the reason could be that Skrill just doesn’t offer its services there.

Away from that, Skrill accepts an array of currencies. The following is a partial list of the supported currencies.

• Australian dollar(AUD)
• United States dollar (USD)
• Canadian dollar (CAD)
• Croatian kuna (HRK)
• Czech koruna (CZK)
• Arab Emirates dirham (AED)
• Euro (EUR)
• Hong Kong dollar (HKD)
• Swiss franc (CHF)
• Indian rupee (INR)
• Israeli new shekel (ILS)
• Japanese yen (JPY)
• Singapore dollar (SGD)

Did you know?

• In 2010, Skrill blocked all donations made to Wikileaks. This was because the organization was added to American and Australian watchlists.
• In 2019, Paysafe was awarded the ‘Best Online Payments Solution – Consumer’ at the Payments Awards. This was courtesy of Skrill’s exemplary performance.
• Juniper Research named Skrill the Best Digital Wallet in 2019 at JR Future Digital Awards.
• In 2019, Paysafe received the Payments Processor of the Year award at the American Gambling Awards. This was also courtesy of Skrill’s commendable efforts.
• Skrill does not charge any fees when one donates to a charitable cause.

Paypal

Paypal is a quite safe, swift, and effective mode of payment. The payment processor has been around since the 90s. Undoubtedly, the company understands customer needs and how the industry works.

This could explain why it has the biggest clientele base among e-wallets. Paypal has strict policies that make it a very reliable payment option.

Neteller

This e-wallet is yet another quick, safe and effortless banking option in iGaming. One of its greatest upsides is security approaches. Like Skrill, this e-wallet has no deposit fees when gambling. Neteller adds an extra layer of security to prevent loss of funds and fraud.