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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.
Benefits of Signing Up to Skrill via Wizard of Odds
Our long-standing and successful relationship with top payment methods has allowed us to offer visitors a share of the perks. For the Skrill e-wallet service in particular, the benefits include much easier access to their tiered VIP rewards program. More specifically, you can reach the first Bronze tier of the VIP rewards program by meeting less demanding requirements - €3,000 within 30 days, or move forward to the Silver rank by transacting €5,000 in 30 days. Contrary to this, the regular amounts qualifying online casino players and users alike for these ranks are €6,000 and €15,000, respectively.
Other benefits are also part of the deal, this time referring to customer support. You can enjoy an easier resolution of any issues and instant, personalized assistance at all times thanks to this specific setup. All you have to do is register through the link to the Skrill website provided here, and start making use of these and more advantages on offer.
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.
Skrill Payment Method Fees and Facts
1. What security measures does Skrill employ to keep its customers protected?
Skrill ensures the safety of its clients, their data and funds through the highest encryption certificates available. The service has been authorized by the Financial Conduct Authority as an Electronic Money Transfer service, which speaks further to their dedication.
Another thing they have included as a means to protect their customers is the two-factor authentication option. A one-time-use code is sent to your mobile device upon each login, apart from when you are accessing the account from your pre-selected trusted device. PIN use is also expanded to allow individuals to use it as a confirmation for funds transfers as well as logins.
2. Can I access Skrill via my mobile device and how?
Yes, you can access your funds via your smartphone or tablet by using the Skrill dedicated mobile app. Simply download it from the Google Play Store or the Apple App Store depending on your device OS, and log in as usual.
The mobile app allows users to gain access to their Skrill account much easier. It is particularly advantageous for those making online payments on the move, or simply enjoying some real money game action on their chosen mobile casino operator.
3. Will Skrill charge me if currency conversion is involved in my transaction?
Yes, users are charged a flat 3.99% fee for currency conversion apart from the standard exchange rates. This is done in order to protect all parties involved from the fluctuations of the currency exchange market, as well as safety risks that accompany it.
4. Are the Skrill Prepaid MasterCard and the Skrill Virtual Prepaid MasterCard one and the same account?
No, these are two separate services and accounts offered by the same brand of e-wallets and online payment processing Skrill. The former denotes an actual plastic MasterCard card that is issued upon demand; you will need to apply for it and wait to have it delivered to your address. It costs an annual fee of €10, as well as a 1.75% ATM usage fee.
The virtual card option is also provided upon demand, only users will get the specifics of the card – number, PIN, CVV code – via email. This means the card can be used like any other for online payments, but not for offline charges at POS retail locations or ATMs.
However, one thing is common for both options – they allow Skrill users to gain access and pay for services that accept MasterCard as a payment method. Considering the widespread use of this credit card processor, it practically means – everywhere.
5. Is cryptocurrency an option for Skrill users; if so, what are the choices?
Skrill account holders can buy and sell, as well as transfer cryptocurrencies from and to their account as smoothly as ever. The option has been available for some time now, and equipped with additional features such as automated payments, reserves (scheduled investments) and more.
According to the official Skrill Crypto page, there are 40 fiat currencies available for instant conversion into any of your chosen crypto tokens. You can choose to hold Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP and 0x.
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