Despite the very questionable name change, Skrill or Moneybookers as they used to be known, remain an extremely popular and versatile payment and withdrawal method, particularly in mainland Europe.
Being used by more than 21 million people, Skrill works with more than 100,000 online sites to allow you to deposit and withdraw quickly and easily. Founded back in 2001, Moneybookers, as it was then called, started by providing casino and sportsbook players with a safe, easy to use and cheap way of transferring funds to and from gambling accounts. The company now work with over 100,000 sites right across the spectrum from casinos to large shopping sites.
Reasons to Use
- Low fees and free to deposit and withdraw at the casino.
- Skrill adheres to strict FSA regulations.
- Also offers mobile payments.
- Safety of your financial details is guaranteed.
Reasons Not to Use
- Can take up to two days for new accounts to be verified.
What Does it Cost to Skrill?
Casinos won't charge you for using Skrill to deposit or withdraw. However, Skrill themselves will charge a small fee when you deposit into and withdraw from your Skrill account. The best advice we can give is to deposit into your Skrill account using a Maestro debit card and withdraw using bank transfer or Visa. This way you attract the lowest fees.
From the UK, it's free to deposit into your Skrill wallet via bank transfer, Maestro and cheque. However, using Visa, Mastercard, JCB, Amex and Diners Club will attract a 1.90% fee.
To withdraw from your Skrill account back to you via Visa and bank transfer there's a flat fee of £1.41 and by cheque it's £2.74.
Skrill claim that many of their competitors make the online casino depositing process too complicated and as a result they've come along to keep it as simple as possible. And we have to agree. Some players have complained of delays of up to 48 hours when waiting for their account to be verified and pass the security checks, but the ease of use and low fees balance this out.