Skrill Casinos

The success of PayPal soon resulted in the appearance of many similar services: Moneybookers was one of them. Moneybookers, a UK-based service, was founded in July 2001. It promised the same thing as PayPal: The ability to send and receive money to and from all over the world with just an e-mail address. At that time, there were numerous services of similar quality, and the number of those who could offer a distinctive feature among them was very few. Moneybookers was unfortunately not one of them: It was a PayPal clone from the first day it appeared. For the same reason, it was not very successful and sold to Investcorp only 6 years later. Investcorp tried to resell the brand two years later: They were requesting £ 365,000,000.

What Is Skrill?

The only reason for the high price was that Moneybookers was Europe’s first FCA regulated e-money issuer. The number of its members was very few, and it was not recognized outside of the UK, as because most major credit cards were not supported. Investcorp could not sell the brand after a year’s wait. For this reason, they decided to invest: First, they signed an agreement with eBay. Moneybookers was now among the official eBay payment providers. Only a year later, the number of Moneybookers members reached 25,000,000. In addition to eBay, agreements were signed with Facebook and Skype too. However, in the eyes of most users, this brand was still seen as a PayPal clone. For this reason, Investcorp decided to change the name: Moneybookers became Skrill in 2011.

The transition to the new brand took about 2 years. During this time, agreements were signed with major credit card companies and the number of countries covered by the service increased. The new brand has become recognizable all over the world. In the last month of 2013, Investcorp sold the brand to CVC Capital Partners for € 600,000,000. Since they bought the company for 105.000.000 Euros, they made a profit of close to 600%. CVC Capital Partners planned to dominate the market and used aggressive strategies. In this direction, they bought two commonly used prepaid card services in Europe: UKash and Paysafe Card. These brands formed the “Paysafe Group”. But the most important change was about the vision: CVC Capital realized that e-wallet services in the online gambling sector were inadequate. PayPal did not support casinos and sports betting sites, citing legal regulations. CVC Capital decided to make Skrill a special payment method for online gambling. In this direction, they started an aggressive promotional campaign: The casinos which support this new payment method have begun offering very advantageous deposit bonuses.It also became the only official payment method accepted by the New Jersey Division of Gaming Enforcement: Licensed casinos from this institution could only use Skrill as a payment method.

At the beginning of 2015, their biggest competitor, Neteller, bought the brand and its affiliated group companies for € 1.1 billion. Today, even if Skrill continues to serve with its own brand, it is considered a subsidiary of the Neteller group. The importance given to online gambling has never changed: With Neteller, it still remains the most popular e-wallet service in this sector. So it’s possible to say that it really is the “PayPal of gamblers “: It makes it easy and safe to send money and accept payments all over the world. In this review Skrill, we will answer all of your questions about this e-wallet service.

Advantages of Using Skrill

There are many advantages to playing in the casinos accepting Skrill:

  • Processing Speed. Compared to other payment methods, Skrill is extremely fast. Regardless of the transfer amount, the transaction is completed in no more than a few minutes. For example, this period for bank transfers is at least 3 business days. You can save time by using Skrill.
  • Security. Money transfers take place over the Skrill website. You do not have to share your personal and financial information with online casinos and third parties. For this reason, maximum security is achieved. (We recommend using 2-way authentication system to further increase security, in which case another password will be sent via SMS to log in to your account.)
  • No Limitations. If you are not allowed to gamble in the country you live in, it may be a problem to send and receive money from online casinos. It is possible to overcome this limitation by using Skrill. This payment method can be used even in countries where gambling is prohibited. Since Skrill will be the sender/receiver of the transfer, there will be no legal problems.
  • Ease of Use. You can use the money in your Skrill account without withdrawing it to your bank account. With a prepaid card, you can withdraw money from any ATM you wish. Likewise, it is also possible to shop using this card with POS machines.
  • Bonuses Free. Bonus promotions are regularly arranged for the use of payment options such as Skrill. You can earn as much bonus as you deposit or get extra free spins. Skrill play casinos may offer personalized bonuses too.

How to Use Skrill at Online Casinos?

Let’s start with the basics: You can see what features the service has on the table below:

Foundation 27 July 2001
Address 25 Canada Square, London, United Kingdom
Service Area 200 countries
Accepted Currencies 40 different currencies
Current CEO David Sear
Revenue 330.000.000 USD
Prepaid Card Yes (only in USD, EUR, GBP, and PLN)
Membership Types VIP, normal
Security 2-way authentication, 256-bit SSL

To start using Skrill, you need to open an account first. You can easily complete this process by visiting the official website. If you only use it for withdrawals, you do not have to deposit money into the account. However, if you want to make deposits with your Skrill account too, you need to define a credit card or bank account. (You can also use a Paysafe Card.) At any rate, log in to the online casino you are a member of after you are done. You will use your email address associated with your Skrill account to both withdraw and deposit money. If we would simply explain:

  • For Withdrawals: Enter the e-mail address associated with your Skrill account and specify the amount you want to withdraw. No username/password needed.
  • For Deposits: Choose Skrill from the payment options and set the amount you want to deposit. Skrill website will open on a separate page or tab will open. Log in with your username and password and confirm the transaction.

That is all. Your transaction will complete in no more than a few minutes. The casinos that support this payment method are simply known as “Skrill deposits casinos”. So these sites have no difference: Casinos accepting Skrill still offer the same games (e.g., progressive jackpots) and the chance to play games real money. You will only use this service to deposit and withdraw money to and from your account. Likewise, the type of the casino does not matter too: Skrill casinos mobile still offer these advantages.

Advantages of Using Skrill

There are many advantages to playing in the casinos accepting Skrill:

  • Processing Speed. Compared to other payment methods, Skrill is extremely fast. Regardless of the transfer amount, the transaction is completed in no more than a few minutes. For example, this period for bank transfers is at least 3 business days. You can save time by using Skrill.
  • Security. Money transfers take place over the Skrill website. You do not have to share your personal and financial information with online casinos and third parties. For this reason, maximum security is achieved. (We recommend using 2-way authentication system to further increase security, in which case another password will be sent via SMS to log in to your account.)
    No Limitations. If you are not allowed to gamble in the country you live in, it may be a problem to send and receive money from online casinos. It is possible to overcome this limitation by using Skrill. This payment method can be used even in countries where gambling is prohibited. Since Skrill will be the sender/receiver of the transfer, there will be no legal problems.
  • Ease of Use. You can use the money in your Skrill account without withdrawing it to your bank account. With a prepaid card, you can withdraw money from any ATM you wish. Likewise, it is also possible to shop using this card with POS machines.
  • Bonuses Free. Bonus promotions are regularly arranged for the use of payment options such as Skrill. You can earn as much bonus as you deposit or get extra free spins. Skrill play casinos may offer personalized bonuses too.

Skrill Fees & Commissions

As can be guessed, this is not a free service: You have to pay a certain amount of fee for each transfer you make. On the table below, you can see all of them.

Transaction Type

Fees
Uploading Money to Your Account

1.90% – 7.50% per transaction

Withdrawing Money from Your Account

5.50 EUR – 7.50% per transaction
Sending Money to Another Account (Online Casino Deposits)

1.45% per transaction

Receiving Money From Another Account (Online Casino Withdrawals)

Free

Please note that there is also a fee for currency conversions – for example, if your USD account has received a transfer in a different currency, Skrill will automatically convert it to USD and apply an additional 3.99% fee. To avoid financial losses, make sure your Skrill currency is the same as the currency of the online casino.

Online Casinos That Accept Skrill Transactions

As mentioned above, there are a lot of online casinos that accept this payment method. But if we prepare a list that shows the best:

Rank Name Bonuses & Promotions
1 Eurogrand Casino 100% welcome bonus, up to 1.000 USD
2 Slots Million Casino 100% deposit bonus, up to 100 EUR
3 Slotomania No deposit free chips bonus
4 Casino Cruise Sign up bonus up to 1.000 EUR
5 Play Ojo Free spins deposit bonus
6 GUTS Casino Welcome bonus up to 40 USD
7 Royal Panda 100% match bonus, up to 100 USD
8 Kaboo Casino 200 EUR welcome bonus
9 Bet Victor 100% deposit bonus, up to 175 EUR
10 Dunder Casino 200% match bonus, up to 500 EUR

You can consider the first five websites as Top 5 Skrill Online Casinos. The list is of course not limited to these options: There are hundreds of online casinos that accept this payment method. Visit our website to see more and read each one’s review. The online casinos we review also get scored by according to their payment methods: We ensure that you always get the best possible gambling experience.