The History of Skrill

Skrill was founded in 2001 under the name Moneybookers. It immediately came into fierce competition with giants like PayPal. However, Skrill found its own success by moving into the online gambling niche. PayPal failed to break into this niche anywhere near as well as Skrill. That’s why today, you’ll find Skrill is accepted at almost all online casinos but you’ll only find PayPal at a select few.

By 2011, Moneybookers had rebranded to Skrill and cemented its place in the online gambling world. At that time, it was already in use by more than 25 million international users. The company continued this success by buying PaySafeCard in 2013.

In 2015, Skrill was purchased by Optimal Payments, the parent company of its main rival Neteller. The deal was rumored to be over €1 billion. This has only served to benefit Skrill and its users. Today, Skrill is also one of the biggest cryptocurrency-friendly e-wallet services in the world.

Pros and Cons of Skrill Casinos

Skrill is one of our top choices for online casino payments for a few reasons. That said, it’s not perfect and there are still a couple drawbacks. However, we believe that the few negative points about Skrill are heavily outweighed by all the benefits that this e-wallet service offers.

Benefits of Skrill

  • Highly Secure: Skrill uses industry-standard SSL security to keep its service (and its customers) safe. When you use the service for a payment, everything is handled inside Skrill – the casino site you’re on will never actually see your payment details. Skrill takes care of processing the payment, so they are the only ones to see your sensitive info.
  • Low Deposit Fees: At this time, Skrill has lower deposit fees than most of its competitors including Neteller.
  • Fast Transactions: Skrill is one of the fastest online casino payment methods, especially for withdrawals. We have found that some online casinos can take a long time to process even the most common credit card payments, but that won’t happen with Skrill. On average, Skrill will process a transaction in under 24 hours.
  • Accepted Widely: Skrill is accepted at a huge number of online casinos across more than 100 countries. The service also accepts more than 40 currencies and can handle any currency conversions you need.

Drawbacks of Skrill

  • Credit/Debit Cards Accepted More Widely: Even with Skrill’s huge presence in the market, it is still second to credit and debit cards from Mastercard and Visa in terms of acceptance.
  • High Withdrawal Fees for Credit/Debit Cards: If you want to use Skrill to move funds out of your casino account and onto a credit or debit card, you will be hit with a relatively steep fee. That fee is around 7.5% of your withdrawal amount, so it can add up.

Skrill FAQ

How do I make a Skrill account?

It’s easy to make a new account at Skrill, you just need to provide some basic info. It’s totally free to make a Skrill account and almost anyone can do it. All you need to do is go to the Skrill website and click the “Sign Up” button on the homepage. During the signup process, you must provide info like full name, birthdate, and email address. You can then add your payment methods and start using the service at Skrill casinos.

How do I add money to my Skrill account?

As with most other e-wallets, you can add funds to your Skrill account using credit and debit cards. Skrill also accepts direct deposits right from user bank accounts.

Do US online casinos accept Skrill?

It really depends on the casino, but overall, you won’t find Skrill accepted at legal and licensed online casinos that are based in the USA – we’re talking about those sites operating out of legal states like NJ and PA. You’re more likely to find Skrill accepted at US-friendly international casino sites.

Does Skrill charge deposit and withdrawal fees?

Yes it does, but the amount varies depending on what type of transaction you’re doing. When adding funds to your Skrill account, you’ll be hit with a small 1-3% fee depending on the deposit method you used. Once you have that money in your account, it will cost you another 7% to move that cash into your account at an online casino. Also be aware that some online casinos charge their own fees for deposits and withdrawals using Skrill. You can usually find this info on the casino payments page.

Are Skrill casinos safe?

Overall, the answer is yes! Skrill is a highly reputable service that’s tried and trusted at hundreds of online casinos around the world. If you find a casino that accepts Skrill, it’s a good sign that the casino itself is reputable – Skrill is pretty careful about who it does business with because that affects its own reputation. The other great thing about Skrill is that it has its own customer support. If you have any payment issues with a casino or other merchant, you can always contact Skrill directly to get some help.