Skrill is a digital multi-currency wallet that allows users to pay online, send, and receive money. The venture is owned and operated by Paysafe Payment Solutions Limited, which holds several international licenses allowing it to operate internationally. Today, the eWallet serves over 20 million users spread in over 120 countries.
Skrill is an award-winning fintech company that has scooped several prestigious awards, including the 'Best Digital Wallet' in 2019 by Juniper Research at the Future Digital Awards and the 'Best Online Payments Solution – Consumer' at the Payments Awards.
Indeed, Skrill is a fantastic deposit and withdrawal method, especially on the new casinos online. It is ideal for gamblers looking for a swift and affordable deposit option.
Skrill is among the best payment methods used to deposit money at online casinos. The process is simple, the same across all new casinos, and highly suitable for first-time users. This payment method supports both mobile and desktop with the mobile option having a dedicated app.
The exponential growth in the use of Skrill when making casino deposits can be attributed to a few factors:
Skrill is a legit online payment system trusted by over 20 million users. The company is fully licensed and is even backed by the UK Financial Conduct Authority. That said, gamblers can always be at peace now that they are dealing with a legit fintech institution.
Skrill is free to use. Players can register accounts for free - there are no account maintenance charges whatsoever. When it comes to transaction fees, Skrill is quite affordable compared to the competition.
Another benefit of depositing money to a casino account using Skrill is the swiftness. With Skrill, players can register on these new casinos online and get in the game within a matter of minutes. Typically, Skrill deposits take minutes, though it could take longer, up to several hours in a few isolated cases.
Skrill is a gambling-centered online payment service provider. The eWallet has plenty of incentives custom-tailored for gamblers using the payment method to transact. These advantages include deposit bonuses, lower money transfer fees, and a lucrative loyalty program.
The process of withdrawing winnings is easy. Just as the deposits are fast, so are the withdrawals. As soon as the security checks have been completed, players will have the money in their Skrill account. Because of the high-security measures in place, all the player's information is secure and their transactions are untraceable.
It is also important to note that there are no withdrawal fees charged. Once the player has the funds in their account, they can withdraw the full amount.
Initially, Skrill started as Moneybookers in 2001 and it wasn't until 2008 that it officially launched. In 2007, the company was acquired by Investcorp, a time when it had established itself as one of the top eWallets in Europe. In 2010, it was the fastest-growing private company in the UK. In 2011, the company rebranded under a new name Skrill and was later on acquired by Optimal Payments.
2018 was a gamechanger as Skrill launched an international money transfer service and a cryptocurrency service. Later on, in 2019, KNECT, Skrill's lucrative customer loyalty program, was added. All these factors have contributed significantly to the success of the fintech venture.
It has gained popularity among many users and especially among online casinos and sports bettors. As a result, many operators are accepting its use.
Being a popular payment method, it's no surprise that casinos today accept players who use it. Thanks to this, punters can enjoy any online casino game Skrill holds licenses in several countries and federal bodies which display their accountability.
Similarly, when the player chooses a new online casino to gamble at, it is important to check their license. The player should ensure that the casino they select holds licenses and can operate in their country to ensure security. The player can bet at such a site without worrying about anything, as they can be sure the casinos are legal, and that they can follow up with the site in case of any mishaps.
Security at Skrill casinos
When betting at a new online Skrill casino, players want to make sure that any information they share with them is safe. A good casino site has measures in place to protect its users and it will have such security options like encryption or SSL. This ensures that all data that is shared between the casino and the clients remains untampered with.
Whenever the player registers at an online casino, they should check to ensure that they are fully licensed and have sound security measures in place.