Skrill should be an instantly familiar name to many online bingo and online casino players, as it's a commonly accepted and popular method of payment at many sites across various networks. It is an e-wallet system that offers an additional layer of security - meaning you never have to enter your card details into an online bingo or online casino site - and so should be appealing to players who want to take an extra step in securing their funds when playing online. It supports millions of customers and thousands of businesses worldwide, and is one of the leaders in fast online payment systems.
Awards and Accreditation
Best Payment System - IGB Affiliate Awards 2015
Corporate Services Provider of the Year - EGR Awards 2013
Skrill (known as Moneybookers until 2013) is an e-commerce business founded in the United Kingdom in 2001, and is currently headed up by CEO David Sear. Formerly one of the biggest rivals of e-wallet system Neteller, it has been part of the Paysafe Group (Neteller's parent company) since 2015, making them both part of the same business family. Skrill also purchased Ukash (now known as Paysafecard) in 2015, meaning that three of the largest e-wallet systems in the world are now part of the Paysafe Group.
Skrill hit the headlines in 2015 when they refused to process payments to Wikileaks, due to the USA govenment's blacklisting of the organisation. Julian Assange, WikiLeaks founder, accused Skrill of being complicit in an act of “financial warfare” by the USA.
Skrill and Bingo Sites
You have likely seen the Skrill logo at the bottom of many of your favourite online bingo sites as an accepted method of payment - Skrill is a popular choice among players and most sites - though not all of them - will accept the payment method as a way to deposit funds. Sites that do not accept Skrill will likely not accept Paysafecard, PayPal, Neteller or other similar methods of payment, so while Skrill isn't universally accepted across all online bingo and online casino sites like debit and credit cards, it is still just as likely to be accepted as methods such as Neteller or Paysafecard.
Skrill has been authorized by the New Jersey Division of Gaming Enforcement (NJDGE), as the only e-wallet service allowed to process payments for online gaming in New Jersey. This is especially notable because New Jersey is the only US state that permits players to join and wager at online casino sites.
Skrill takes a number of steps to make sure that your details and money are protected. The company was the first licensed e-money issuer in the UK and is authorised by the Financial Conduct Authority (FCA).
The information transmitted by Skrill is encrypted to the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1), so your data is unreadable even if someone tries to intercept it.
Google Authenticator provides an additional layer of security and is available to all Skrill customers to help keep your money safe. The Two Factor Authentication (2FA) application requires you to enter a code from your phone along with your email and password.
How to Sign Up to Skrill
So, is Skrill the payment method of choice for you? If so, you'll want to register at the site for a free account.
Go to the Skrill website and click on "sign up" at the top right hand corner of the screen. This will take you to a registration page, where you will enter all your details such as your name and date of birth.
You will have to provide ID for verification if you want to deposit and withdraw amounts over a certain limit, so you may be required to submit photos of yourself as evidence. You can find your limit, and how to verify yourself in the "Limits and Verifications" tab in you account settings.
Advantages and Disadvantages
- Skrill is accepted by many online bingo and online casino sites
- Skrill offers an extra layer of security for your money as you do not have to enter your card details into the bingo or casino site
- You don't have to repeatedly enter credit/debit card information when signing up to new sites
- Free and easy to sign up
- When depositing and withdrawing from an online casino, there are likely to be fees attached in the range of 1-5%
- First time deposits through e-wallets like Skrill and Neteller are likely to render the player ineligible for an online bingo or online casino's welcome bonus
Skrill Vs Other Brands
Skrill is definitely easier (once set up) to use when signing up to a new bingo or casino site than a credit or debit card - you just need to log in to your Skrill account when you make a deposit! You don't have to enter your card number, and in the highly unlikely event that your bingo or casino account is hacked, your bank details are protected because you won't have entered them into the site.
Skrill works similarly to other brands such as PayPal, Neteller and Paysafecard, without much difference - it really depends on what you want to use the account for. Some people pick certain brands for familiarity - with PayPal being the most well-known brand, it is understandable that you may opt for a PayPal account over a Skrill account. However, if Skrill appeals to you for other reasons - such as security features, ease of use or similar - then it may just be the method to choose.
Skrill Usability and Registration
Logging into Skrill and using the system is very easy - simply navigate to the Skrill homepage, and click on the login button at the top right hand corner of the screen. This will bring up a new page where you can enter your username and password, and that's it! You can now deposit and withdraw money easily. The site has a simple layout that's very up-to-date and contemporary in style, and it's easy to browse through and search support topics if you're having problems.
Time taken to process withdrawals:
- Bank wire withdrawals – 2-5 business days.
- VISA withdrawals – up to 7 days.
- Skrill Prepaid Mastercard®* withdrawals – instant at ATM locations.
- Skrill Prepaid Mastercard®* ATM withdrawals cost 1.75%.
- Bank withdrawals to primary bank accounts cost €5.50.
- Bank withdrawals to secondary bank accounts may cost up to €5.50.
- Credit/debit card withdrawals cost 7.5%.
Skrill on Mobile and Tablet
You can access the Skrill website on your mobile or tablet internet browser, with much the same functionality as on your desktop. If you have an iPhone or Android device, you can download the official Skrill app from the iOS store or the Google Play store, making transferring money easier and quicker than ever. The apps are more limited in comparison to the desktop version of the site, but they have the basics, so you should be able to perform most transactions without any issues.
Skrill Final Thoughts
Skrill is a popular, UK-based method of online payment that is definitely favoured by many online bingo and online casino players. It doesn't quite meet the popularity of methods such as PayPal but is still a well-known and respected brand (even if they have courted controversy in the past re: Wikileaks!). The fees aren't great - it's not fun to have to pay to deposit or withdraw money in your e-wallet - but it's up to you to decide if it's worth it for the extra peace of mind as your bingo funds will be more protected with the extra layer of security. It's also quite a versatile form of payment as such sites as eBay also accept it, so you can use it for other merchants besides bingo and casino sites too! Skrill's popularity and ease of use makes it a great choice for players who are happy to spend a little more for extra online security.