Skrill – tailored payment solution for the iGaming industry
Among the array of online payment services dominating the online casino landscape, Skrill stands out as one of the largest, most widely utilized options. Tailored specifically for transactions within the online gambling and gaming sphere, Skrill offers a secure, fast, and convenient payment solution for players seeking reliability and ease of use.
Founded in the United Kingdom in 2001 under the name Moneybookers, the company rebranded as Skrill in 2011. Since 2015, Skrill has been part of the Paysafe Group, alongside other prominent payment services like Neteller and Paysafecard. With a global reach, Skrill caters to users worldwide, providing seamless online payment services across borders. Moreover, its mobile app, available for both iOS and Android devices, offers users the flexibility to manage transactions on the go. For frequent users, Skrill offers a loyalty program called Knect, allowing members to earn points for cash rewards, bonuses, and more.
In this article we aim to provide you with comprehensive insights into this online payment service. We’ll delve into how Skrill operates, its advantages and disadvantages, and the associated costs of using its services. Furthermore, we’ll highlight the best NZ online casinos where you can utilize Skrill for deposits and withdrawals.
Best NZ online casinos that support deposits with Skrill
Currently you will find Skrill as a payment method at most online casinos. But not all of them are as good as we would like. Some casinos are simply better then other. Some casinos for example don’t allow you to collect bonuses while depositing with Skrill. For most players this is something they want to avoid. To help you get started we have made a shortlist of the online casinos that support deposits using Skrill.
What is Skrill?
Skrill is designed as a specialized payment provider specifically catering to the needs of the gambling and gaming industries. It facilitates smooth online transactions with your preferred online casinos, ensuring confidentiality and security for your personal and financial information.
The platform prides itself on being user-friendly, offering simplicity, convenience, and speed. With a mobile app available for both iOS and Android devices, managing transactions becomes effortless from any location. Skrill supports various funding options, including bank transfers, debit/credit cards, cash deposits (via Paysafecard), e-banking (via Neteller), and even cryptocurrency.
To begin using Skrill, you can sign up for an account and complete the registration process by providing necessary details. Once registered, you can start utilizing their app to send and receive funds to individuals with bank accounts, mobile wallets, or via mobile phone numbers or email addresses.
With support for 40 different currencies, Skrill’s transparent mobile and online app ensures seamless payments to contacts or online casinos. Given its extensive user base of nearly 40 million regular users, trying out Skrill for your transactions seems like a worthwhile choice.
Advantages of using Skrill
Skrill offers numerous advantages and benefits to its users, making it a popular choice for online transactions. First and foremost, Skrill prioritizes safety and security, boasting years of experience and innovation to ensure the utmost protection for its users’ financial and personal data. This commitment to security provides peace of mind, especially for those who prioritize safeguarding their sensitive information.
Additionally, Skrill empowers users to maintain control over their financial and personal data by keeping it private during transactions. Unlike some other payment methods, Skrill does not require users to share their data with online casinos, enhancing privacy and security for individuals who value data protection.
Furthermore, Skrill’s user-friendly app for iOS and Android devices, coupled with its intuitive online interface, offers convenience and transparency. Even novice users find the Skrill app easy to navigate, allowing for seamless management of transactions with minimal effort.
Efficient withdrawal process
Another key advantage of Skrill is its efficient withdrawal process, enabling users to quickly and easily cash out their winnings. Deposits made via Skrill are instantaneous, while withdrawals typically take one to three working days, offering faster access to funds compared to traditional methods such as debit or credit cards.
Moreover, Skrill boasts cost-effective services, with no fees for deposits or withdrawals at most online casinos. The only charges incurred are for transferring funds from a Skrill account to a personal bank account, which are relatively low. This affordability makes Skrill an attractive option for users seeking economical payment solutions.
Additionally, Skrill’s widespread acceptance at online casinos ensures accessibility for users worldwide. While most casinos support payments via Skrill, some may restrict the eligibility of Skrill transactions for claiming bonuses and promotions. However, this limitation varies and will be discussed further in the subsequent paragraph.
Furthermore, Skrill offers versatile funding options, allowing users to deposit funds via cash, e-banking, or cryptocurrency using services such as Paysafecard and Neteller. This flexibility expands the utility of Skrill accounts, providing users with additional payment options to suit their preferences.
Main benefits (summary)
In summary, Skrill offers a plethora of advantages, including robust security measures, privacy protection, user-friendly interfaces, efficient withdrawals, cost-effective services, widespread acceptance at online casinos, versatile funding options, and global currency support. These features make Skrill an ideal payment solution for users seeking a safe, convenient, and accessible method for online transactions, including gaming and gambling activities.
- One of the safest online payment services available;
- No need to share your personal and financial information;
- Convenient iOS and Android app for easy usage;
- Online Skrill account to manage your transactions online;
- Quick and easy deposits and withdrawals from and to your favorite online casinos;
- Free to use!;
- Widely accepted by most online casinos worldwide;
- Fund with cash using a Paysafecard;
- Fund with ebanking using Neteller;
- Knect, a loyalty program for all users;
- Use your crypto currency to pay for online casino transactions;
- Accepts over 40 different currencies;
- Skrill facilitates transactions in over 40 different currencies, catering to a diverse global user base. This international reach underscores Skrill’s commitment to providing a seamless payment experience for users worldwide, regardless of their location or currency preferences;
Making a deposit using Skrill
Now that we have seen all these amazing bonuses and promotions you can claim at these casinos from this review, let’s find out what you have to do to make a deposit using Skrill. Basically this is a very simple process. Go to your online casino and select Skrill as the payment service when making a deposit. Login to your Skrill account to confirm and complete the transaction in your Skrill environment. Once the transaction is successfully completed, check your balance in your online casino account and you are ready to start playing!
So, to sum it up, if you want to use Skrill to make a deposit you have to complete the following simple steps:
- Select Skrill when making a deposit at your online casino;
- Sign in to your account with your details;
- Confirm the amount for the transaction;
- Complete the transaction in the Skrill environment;
- Check the balance of your online casino;
- Start playing!;
Well, that was all there is to it! You have now successfully made a deposit using Skrill as the online payment provider and you are ready to experience all the benefits these casinos have to offer you. All your deposits made with Skrill are instant and should be in your online casino’s balance within seconds or minutes after completing the transaction. Make sure you check to see that the money from the transaction is added to your accounts balance successfully and now you are ready to claim all the bonuses and promotions available for Skrill users!
Making a withdrawal using Skrill
The withdrawal option with Skrill is just as simple as the deposit option and shouldn’t take you much more than a minute to complete! Simply select Skrill when making your withdrawal, sign in using your account details and complete the transaction. The transaction times on withdrawals are a lot longer than the deposit times, which are instant. It usually takes between 1 and 3 working days for your withdrawal to successfully come through to your personal bank account. This is still a lot faster than with most other withdrawal options but keep this in mind when making a withdrawal to avoid being upset if it is not in your account instantly. So, here are the steps you need to follow when making a withdrawal using Skrill:
- Select the Skrill option when making a withdrawal at your online casino;
- Sign in to your Skrill account with your details;
- Confirm the amount you want to withdraw;
- Complete the transaction in the Skrill environment;
- Wait for 1 to 3 working days;
- Check your personal bank account balance;
- The withdrawal transaction is now successfully completed with Skrill;
Skrill payments and online casino bonus policies
There’s an important aspect to note for Skrill users aiming to avail themselves of bonuses and promotions at the top Skrill casinos highlighted in this review. While most online casinos worldwide accept Skrill for deposits and withdrawals, not all extend the same privilege for claiming bonuses and promotions. Why is that? The primary reason stems from the potential for bonus abuse associated with Skrill as a payment method.
Instances of players exploiting bonuses and promotions by coordinating transfers between different casino accounts using e-wallets like Skrill have led to concerns within the industry. To mitigate this risk, many casinos opt to exclude Skrill payments from bonus eligibility criteria. Implementing such restrictions helps casinos maintain compliance with regulatory requirements and minimizes administrative overhead associated with monitoring transactions.
Therefore, it’s crucial for Skrill users to exercise caution and verify whether an online casino permits bonus claims with Skrill payments. Fortunately, in this review of the best Skrill casinos, we’ve already sifted through this information for you. All the bonuses and promotions featured on this page are compatible with Skrill payments, ensuring a seamless experience for users who prefer this payment method.
Cryptocurrency and Skrill
Skrill offers their users the great option to buy, hold and convert crypto currency directly in your Skrill account. To buy crypto you first have to have a positive balance in your Skrill account, so use one of the aforementioned options to fund your Skrill account. Now you can go to the Crypto tab in your Skrill app and select the crypto currency you wish to buy. Select the amount of money you wish to spend and confirm your order. You now have successfully bought crypto with your Skrill account! It works the other way round as well. So you can sell your crypto for cash in your preferred currency. Now you are able to fund your online casino spendings with your crypto currency!
What does it cost to use Skrill?
Using your Skrill for your financial transactions at these Best Skrill Casinos is free. They do not charge you for the use of Skrill to make a deposit to your favorite online casino or for your withdrawals to your Skrill account. They do however charge you for withdrawing money from your Skrill account to your personal bank account. If your account is inactive for more than 12 months you get charged $5 per month. This fee will be deducted from your outstanding Skrill balance. A currency conversion fee of 3,99% is charged for transactions made in foreign currencies. A 1,5% conversion fee is charged for accounts that are set in any other currency than Euro for any crypto currency transaction. Furthermore there are some incidental costs, make sure you check their website to have a complete overview of all possible costs. Let sum up these costs:
- Transactions fees: $0
- Bank transfer (from Skrill to your personal bank): $5,50 per transaction
- Visa (from Skrill to your visa account): 7,5%
- Global Payment methods (From Skrill to any bank other than the above mentioned): $5,50
- Inactivity costs after 12 months: $5 monthly fee
- Currency conversion fee of 3,99% per transaction in foreign currency
- Crypto conversion rate of 1,99% (only if your Skrill account is set in a currency other than Euros)
So, besides the withdrawal costs from Skrill to your personal bank account, Skrill is free of charge as long as you use it regularly and use the currency from your Skrill account settings.
Knect, the Skrill Loyalty Program
Unique for a free online payment service like Skrill is Knect, the Skrill Loyalty Program. Similar to most online casinos VIP programs, Knect is a loyalty program that rewards you for using Skrill’s services. When making transactions and using Skrill as the payment service, you save up on points in your Knect account. Earn a lot of these points and you will be rewarded! There are various rewards and benefits to claim if you are a loyal Skrill user you find out yourself what secrets this loyalty program Knect holds for you!
Disadvantages of using Skrill
Skrill offers a lot of advantages and benefits for their users, but we are also looking for some negatives of their service. To be honest, we had to look hard to find you some! But here goes: First of all, not every casino allows you to claim their bonuses and promotions when using Skrill as the payment service. That certainly is a negative. Secondly, there are some costs of using Skrill, although there aren’t many costs you would have to pay if you use their service like most online players would. Only their withdrawal fee to your personal account, but that is a fair fee.
- Not every casino allows you to claim their bonuses and promotions when using Skrill
- The charge a fee for withdrawals from Skrill to your personal account
- Not all casinos accept Skrill payments
These were all the negatives we could find for this payment service. That wasn’t too bad, right?
Conclusion
When considering all the features and benefits of the Skrill payment service, it becomes evident that Skrill stands out as an exceptional online payment solution. It offers a range of advantages, including safe, easy, convenient, cost-effective, and globally accepted transactions for users worldwide.
At many of the top Skrill casinos featured in this review, users can take advantage of numerous generous bonuses and promotions by using Skrill as their preferred payment method. Skrill prioritizes user safety and reliability, providing an excellent and transparent app for both iOS and Android platforms, ensuring seamless transactions.
Moreover, Skrill excels in processing transactions swiftly, and its inclusion of cryptocurrency trading options adds a valuable dimension to its service. With fair and reasonable costs and the added benefit of a loyalty program, Skrill offers users an attractive package of benefits.
Furthermore, Skrill’s widespread availability across the globe and acceptance of over 40 different currencies make it a versatile payment solution for users from diverse backgrounds. In summary, Skrill emerges as a comprehensive payment service that we confidently recommend to all our visitors.
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