Using Skrill in Online Casinos: is the Payment Option for You?
There are a lot of e-wallets available, and online casinos support a lot of them. Nonetheless, even before PayPal, the most commonly used payment option in online casinos is Skrill. Formerly known as Moneybookers, Skrill will be found in mostly, all casinos that you visit. Wherein, it provides services that allow anonymous transactions and instant deposits and withdrawals. Likewise, it’s said to be one of the few payment options that’ll give you a debit card for making withdrawals.
Therefore, Skrill might be an option that you’re really familiar with, and you might be wondering if it’s the perfect choice for gambling. Our reply to that unspoken request is this review. We evaluate all of the highlights of using Skrill as your primary payment option.
You’re Eligible for Deposit Bonuses
Just like any other payment option in the online casino, Skrill isn’t excluded from the popular welcome (also deposit) bonus. This is arguably the best type of bonus/promotion that you can get in casinos.
Welcome bonuses work like this: when you deposit cash into your account, a percentage of the total amount will be added to your original deposit. Now, here’s where things get a little tricky. The bonuses can be as low as 50% or as high as 200%. In other words, while the minimum percentage bonus seems little, it might be the better when you compare T&Cs.
Having said all of that, there is some good news. Skrill is usually linked to a lot of rewarding deposit bonuses. And as a matter of fact, you’ll find bonuses that aren’t limited to your first deposit in an online casino.
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Your Transaction Limits
Transaction limits for Skrill are usually flexible. This means both the maximum and minimum that you can withdraw and deposit in most casinos online is usually lax. For example, when you’re making deposits, you’ll find that the absolute minimum is $1. On the other hand, the maximum that you can deposit will start at $5,000.
When it concerns making withdrawals, expect a minimum of $20 and a maximum amount of $5,000. All things considered, the minimum is acceptable, and the maximum is just ok. You can easily find other online casinos with better limits if needed.
Transaction Speed and Fee
All deposits that you make using Skrill are instant. You’ll see the cash reflect in your account on the website in just some seconds. For withdrawals, on the other hand, you may have to wait for either 2 or 3 days for the cash to be processed. Meanwhile, the transaction fee for every deposit and withdrawal that you make in most casinos is little (1-6% of the total deposited amount). But notice our use of “Most Casinos”? There are exceptions to the rule since Skrill charges no fee in the case of a few other casinos.
Security for Your Financial Details
The first thing you have to note is that Skrill is not responsible for the protection of your personal details. That honor falls into the hands of the casino that you choose. But luckily, being tagged with Skrill is a good sign. Thus, the best casinos always have some sort of security in place. And our favorite one in any online casino with supposedly good security is the integration of SSL encryption. SSL stands for Standard Socket Layer and the encryption is a piece of software that is used as a firewall between hackers and your personal info. So, look for the accepted minimum which is the 128-bit SSL encryption software.
Should You Use Skrill?
All you’ll need to make deposits using Skrill is your email address and some other personal information. Compared to the likes of PayPal, the only thing you’ll miss is the rather high withdrawal limits. Nevertheless, as PayPal isn’t exactly a favorite in the world of online gambling, the next best is Skrill, and it delivers well enough in terms of speed and transactions fees. So, we say you give it a try.
Note: Skrill is the middleman between your bank account and the online casino. As a result of this, don’t be surprised at the processing times that can number in the days.