Skrill Review
Go to:
• What is Skrill?
• Skrill Fees
• Is Skrill Safe?
• Skrill Card
• Why Use Skrill?
• Skrill Summary
What is Skrill?
Skrill is an e-wallet, which means an online account for both sending and receiving money. It is a major brand and is accepted as a payment method at many well-known retailers, and most online casinos.
Using Skrill as a casino payment method has several advantages over traditional payment methods like credit cards, debit cards, and bank transfers. We will outline those advantages at the end of this Skrill review.
Skrill Fees
Like any financial service, using Skrill incurs certain fees. These fees will drop substantially as you graduate to the VIP program.
The common fees you will pay for using Skrill are:
Uploading Funds – Skrill charges 0% for uploading funds via Bank Transfer and Maestro cards, 1,9% for using Visa or MasterCard. They offer many ways to upload funds and the fee varies depending on which option you choose.
Withdrawing Funds – Once your funds land in Skrill, you will be charged a small fee for withdrawing them to your bank account or card. You will pay 3.95 € for withdrawing to Visa cards, and 5.50 € for all other payment methods.
Send/Receive Money – Sending money incurs a fee of 1.9% capped at 20.17 € (or the equivalent in your currency) whereas receiving money is 100% free.
Currency Conversion – Skrill adds a fee of 3.99% to all transactions involving currency conversions.
Inactivity Fee – If you log in and make 1 transaction per 12 months, you won’t need to worry about this. If you don’t, a fee of 2 € per month (3 € after 6th April 2017) will be applied to the balance.
Note that fees and charges change in your favour if you graduate to the Skrill VIP program.
Is Skrill Safe?
Skrill is extremely safe. As well as having a security team monitoring it around the clock, it’s run on encrypted servers and connections, making it nearly impossible for a breach to occur.
In fact, one of the primary reasons many casino players use Skrill is because it is safer than traditional payment methods like Credit/Debit cards and bank transfers since you won’t have to share your card or bank details with casinos.
Skrill Card
Skrill offers the chance to get a Skrill card to access your Skrill balance directly, just as you would use a debit card to access funds in your bank account.
You will have to apply to Skrill customer service to find out if you are eligible, but if issued, the card will be a Prepaid MasterCard® and will allow you to shop online and around the world.
All fees remain the same as outlined above when using the card.
Why Use Skrill?
Casino players use Skrill for several reasons, such as:
- Enhanced Security – Naturally, some players don’t want to share bank details or card details with online casinos. Skrill acts as a shield as such, in that you will only share your details with Skrill, and the casino will only see a Skrill account number or e-mail address. If a data breach did occur, this would be useless to whoever encountered it.
- Savings – Especially when you reach the VIP program, Skrill can allow you to save money. Casinos sometimes charge a withdrawal fee to bank accounts or cards, but e-wallets are typically free. When you qualify for free ATM withdrawals, for example, you will have saved.
- Faster Deposits/Payouts – It’s a well-known fact that withdrawing your winnings to e-wallets like Skrill means you receive them much faster than if you were to withdraw them to a bank account or card. Typically, withdrawals to e-wallets take less than 24 hours, whereas withdrawals to other payment methods can take several business days. You can also make deposits in seconds.
- Anonymity – Everybody knows banks don’t like gambling, and if they see a history of gambling related transactions, this can make it harder to get loans. Skrill offers a great way to keep your gambling private.
- Lots of Currency Options – It’s possible to open an account in virtually every currency, meaning Skrill is truly global in nature. Wherever you are from, Skrill can serve you.
- Instant Global Transactions – If you need to send money to friends or relatives, you can do so quickly with only their e-mail address. This is so much more convenient than sending money orders or doing bank transfers.
- Pre-Paid Card – If you want to access your funds right from your Skrill account, you can do so with a pre-paid MasterCard. You won’t have to transfer the money to your bank account to get it.
Skrill Summary
Skrill is a great option when it comes to online casino payment methods. In some ways, it is the best, and in other ways, other e-wallets are more competitive. Comparing it to the likes of Neteller is important to see which is best for you.
While we can’t say which e-wallet is best for your own personal circumstances, we can say Skrill is a reputable, trustworthy brand and is well worth considering for the reasons outlined above among others.
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