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Last Updated: February 20, 2018
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Skrill-Moneybookers used at Online Casinos
Formerly known as Moneybookers, Skrill and Neteller, also owned by Paysafe Group, get a lot of flak for increasing fees and taking the prepaid Mastercard away from customers in more than 100 countries. First and foremost, the reliability, availability and security are second to none, and most online casinos accept this payment method for both deposits and withdrawals. With that said, there is a major problem – the fees. We have no idea what Paysafe was thinking, but one thing is for sure, they’re driving customers into the arms of competitors.
Getting Started with Skrill
Complete the registration process online, verify your email address and add funding sources, which include bank transfers, various e-wallets and credit cards.
Choose the Skrill option at checkout when shopping or funding casino accounts online. The Skrill Prepaid MasterCard makes your balance accessible for in-store purchases, phone payments and ATM cash withdrawals; however, it’s only available to customers within the Single Euro Payments Area (SEPA). Fees are charged for foreign transactions and use of cash machines.
Adding funds to your account is free for a few methods, including bank transfers, while the remaining e-wallet options come with transaction fees.
The VIP Programme can help to reduce some of those hefty fees. Members automatically get a 100% money back guarantee on fraud losses. There are four levels: bronze, silver, gold and diamond. Levels are determined by the transactions processed quarterly on your account.
An administration fee is charged after 12 months of inactivity.
The Bottom Line
This payment method couldn’t be easier to use and you can’t go wrong with a well-known payment method, but then again, there may be better options depending on your geographical location. The fees are rising every year, so keep an eye on that. You can reduce potential fees by frequently using your e-wallet and moving up the VIP ladder.