Skrill was formerly known as Moneybookers

Skrill is the new name for the well-known online payment method formerly known as Moneybookers. They’re a third party payment processor and is one of the most recognised e-wallet online payment methods out there. Most online casinos accept Skrill as a banking option and their deposit limits are generally amongst the lowest out there.

Skrill provides clients with a personal internet bank account (e-wallet). Any funds you deposit in your account are easily used to make online payments at casinos. To use the service, you just need to open a free account via their website using a valid e-mail address.

How To Use Skrill

Once you’ve opened an account, you just need to fund it to start using it online casinos. Just use a credit card, online or standard bank transfer, other e-wallets,

As soon as funds are available, you can make instant deposits into your favourite online casino that accept Skrill as a payment method. You can withdraw your winnings from the online casino, as well as send or receive money to other Skrill account holders.

With all web wallets, there are fees for using different services. However, in many cases the services are free of charge but be sure to have a look at the fees applicable to you and how you utilise the account going forward. A foreign exchange rate applies if the currency of the payment is different than the currency on your account.

Benefits of Using Skrill

There are many online casinos that have a very low minimum deposit limit. Deposits into online casinos accepting Skrill can be as low as £1.00. Varying casinos have different deposit limits at their sites though so be sure to read their terms on what their minimum deposit requirement is.

Using Skrill as a payment method provides the online casino player with complete anonymity and they use a strong encryption to prevent any untoward behaviour happening on your account.

 Deposits via Skrill

To open a Skrill account all you need is an email address and a credit card or bank account. It takes a bit of time to set up your account as you need to supply your identity documentation and verify your banking details. Once you have jumped over the various hurdles, it all becomes worth the effort as online gambling becomes a breeze for you. Funding your casino account becomes a fast and easy process.  Skrill transactions proccess instantly with no extra charges.

When you’re ready to make deposits to your casino account, make sure you have funds available in your Skrill account. There are loads of options for funding your account, depending on which country you reside in. Credit cards, debit cards, prepaid cards, and wire transfers are all methods for funding your account. Just check which funding methods are available in which currencies by having a look at their website.

To deposit into your casino account, on the “Deposit” page, select “E-wallets” and then choose “Skrill” (or “Moneybookers”). Just provide the same e-mail address you used when you registered with them as well as the the amount you want to deposit. The money is instantly transferred to your casino account and there are generally no fee for making deposits.

 Skrill withdrawals

The most attractive aspect of a Skrill account is how fast you’re able to make deposits and receive withdrawals. Once you’ve funded your account, you are able to transfer funds in and out of online casinos fairly easy.

Another advantage of using Skrill is the fact that their deposit limits are really low as well. In fact, they have one of the lowest deposit limits around.

There are no fees associated with your account unless  you’re using a MasterCard debit card. This payment option is best for players who move funds around online often. It’s the quickest, most cost effective method around. Nothing tops the ability of being able to withdraw your winnings from an ATM, pure convenience if you ask us!

Cashing out with Skrill is like cashing out with any other banking method. Just select “Skrill” from the casino’s menu withdrawal options, enter how much cash you want to withdraw and wait for the transaction to be processed. Skrill withdrawals and deposits are instant so there should be no hassle using them as a preferred payment method.

Summary

Transaction time: Instant

Fee: 0%

Minimum withdrawal: $10