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Skrill in Singaporean Casinos
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Online casino players from Singapore have hundreds of different payment methods at their disposal to use across online casinos, but Skrill seems to be their favorite. This global eWallet is incredibly convenient for them, considering the online gambling regulations in place across the country. It allows them to make smooth and secure transactions to and from online casinos without much effort, in their local currency. It is super-easy to get started with and use for deposits and withdrawals, but above all, it is quite cost-efficient. So, if it sounds like a solution you’d like to give a try, make sure you stay with us to learn more about it. What is Skrill and why decide to use it as your payment method at a Singaporean online casino?
Online Gambling in Singapore
Singapore has a long gambling history. Ever since it was under British rule, gambling activities were common among players although banned, but when it became an independent country in 1963, it started legally allowing some land-based gambling forms. In 2004, Singapore started offering a legal casino gambling scene.
When the ban on casino gambling was lifted, the National Council for Problem Gambling and the Casino Regulatory Authority were put in charge of controlling gambling activities, taking care of players, and making sure operators followed strict rules when offering gambling content. Player protection was its primary concern and the country is, to this day, making sure gambling did not cause any serious issues to players.
All of this, of course, happened after gambling went online and that's why it was imminent for the country to decide whether it would allow it or not. In 2012, there were rumors that online gambling had a chance in the country since the government was considering reviewing regulations. Sadly, in 2013, news emerged that the government decided for the activity in Singapore to be restricted, and for the Remote Gambling Bill that made online gambling banned to officially be signed in 2014.
With that, all online gambling verticals, except lottery offered by companies approved by the government that could be well controlled, were banned and illegal. Those caught gambling online were prosecuted and would get 6 months in prison or up to $5,000 fines for doing so. Even worse, those who were caught offering online gambling services would get jail time of up to 7 years and/or a fine that went from $20,000 to $50,000.
Despite the fact that the government blocks illegal online gambling sites from accessing the market, players from Singapore still find ways to access international online casino sites. Whether using VPNs or simply risking it all, many still wish to enjoy the activity and try out all kinds of different games across these global casinos, poker, other table games, Live Casino, and slots, among other game types.
Luckily for them, international online casinos make sure to offer games by leading developers, names like Pragmatic Play, Evolution, and Games Global, to name a few. So, as a player from Singapore, you will surely get the best, industry-leading content when you access these sites.
You will also get some of the safest and most globally-used payment methods at your disposal, as one of the most popular eWallets out there, Skrill. This is one of the most convenient solutions to use as a Singaporean player frequenting online casinos, as with it, you can make effortless deposits and withdrawals in your native currency, the Singaporean dollar.
Yes, that’s right, this eWallet caters to users from over 100 countries in the world, Singapore included, and makes sure to provide them with more perks than you can imagine. For instance, with it, you not only get to use your native currency across online casinos, but you also get to use cryptocurrencies! Thanks to the fact it continues evolving and improving its services, with it, you can make seamless deposits and withdrawals across hundreds of online casinos in both fiat and digital currencies. So, if you’d like to give it a go, continue reading to find out all about it!
Using Skrill Across Singaporean Online Casinos
Called Moneybookers when it first launched in 2001, you may still find Skrill with this name across some online casino sites. Regardless, you’ll get the same amazing service. This eWallet was designed and launched by one of today’s leading financial companies, Paysafe Group, a name behind two other great alternative payment methods, Paysafecard and Neteller, among others. The company has made sure to put these three solutions at the forefront of alternative banking and has never ceased to surprise users with new functionalities and services. The latest improvement was certainly the addition of cryptocurrencies to their offering.
Operating for over 20 years, Skrill is a brand known all over the world, offered in more than 100 countries, including Singapore. It has millions of users, thanks to the fact that it is the ideal solution to use by those users who don’t want to share sensitive banking and credit card details with eCommerce sites. With it, no matter the casino you join, you'll never have to disclose banking details to the operator. This is great news considering the situation with online gambling in Singapore.
Skrill is incredibly easy to use, but also bulletproof safe. Each transaction you make with it is protected with two-factor authentication. No matter whether you wish to use it via a desktop or a mobile device, regardless of the operating system, with it, you’ll be making seamless deposits and withdrawals in your local currency and in more than 40 digital currencies.
Assuming you’ve already decided to use it, to get started with it, you’d need to register an account. The steps you need to take are incredibly straightforward: you state your full name and email address and then create your password. Then, you enter Singapore as your country of residence and then select the currency/cryptocurrency you’d like to use as a default. After you accept the T&C and press Register, your account will be ready for the next step: linking payment methods to it to fund it.
In addition to country-specific local methods sometimes offered, you have the global card brands at your disposal to use to fund your eWallet, American Express, MasterCard, Discover, and VISA. Once you fill your wallet with money, you need to go through a quick verification procedure, and in no time, you can start using the eWallet for your deposits and withdrawals across Singaporean-catering online casinos.
On that note, stick with us, as in the next segment, we’ll be taking you over the steps you need to take to make those smooth deposits and withdrawals with Skrill across a great number of casinos that target players from Singapore.
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Deposits and Withdrawals with Skrill
FastPay, BetSomnia, and Spinalot are three of the top online casinos that cater to Singaporean players and accept Skrill, but you’ll get around 400 other sites to explore here at WoO, in your search for the top casino to join.
Yes, the solution is THAT popular across Singaporean online casinos, so make sure you make a list of criteria you’d like your ideal casino to meet, and start digging. In no time, you’ll find the casino you’d like to join, so register an account with it by providing some basic personal details. Then, to make your deposit with Skrill, do the following:
- Access your registered player profile and look for the Banking page.
- On it, find the Deposit Methods and locate Skrill’s logo.
- Press it and in the new window, enter your credentials to access your eWallet.
- Set the amount of money you’d like to have transferred to your casino balance.
- Confirm the transaction and watch the money arriving instantly.
As you’ve probably expected, you’ll be able to use Skrill for withdrawals, basically in the same way you did for deposits. Just find it on the list of Withdrawal Methods and then just specify how much you’d want to cash out from your casino balance. The operator will take 24 to 48 hours to confirm, ergo approve, your request, but as soon as that happens, the funds will immediately arrive on your eWallet, for you to use them as it suits you.
Conclusion
Skrill is certainly an excellent payment method to consider using as a Singaporean online casino player, keeping in mind the online gambling regulations in your country. With it, you'll make transactions without having to share any sensitive banking details, to and from hundreds of online casinos, effortlessly and safely. What else can one ask for? So, make sure you give it a try and you'll see that you'll absolutely love it.
FAQs
Is online gambling legal in Singapore?
No, not really, no. In fact, quite the contrary, it is banned. Players are not allowed to gamble online, their access to international online casinos is restricted and they are not encouraged to frequent illegal online gambling sites.
Will I be prosecuted if caught gambling online by the Singaporean authorities?
We did a little digging and couldn’t really find any evidence of online casino players getting caught gambling. Although the authorities clearly state the prison time and fines they could face, we could find no records of anyone actually getting those fines for gambling online.
Will I find Skrill across many international online casinos that cater to Singaporean players?
Yes, for certain. Here at WoO, as mentioned, you will find 402 online casinos exactly, at the moment of writing, that not only cater to Singaporean players but also allow them to use Skrill for deposits and withdrawals. You won’t need to look for long to find the site that you’d like to join, surely.
What are some of the digital currencies offered by Skrill that I could use across Singaporean online casinos?
At the moment of writing, the following are some of the cryptocurrencies you’ll get at your disposal with Skrill, to use across Singaporean online casinos: Bitcoin, Tezos, Bitcoin Cash, Dash, Ethereum, Kyber, and EOS, among others. But keep in mind that Skrill continues adding new digital currencies to the offering, as soon as it sees that some token has risen in popularity among its users.
How big are the fees Singaporean players need to pay when depositing with Skrill across global casinos?
Online casinos do not charge fees to Skrill users, neither for deposits nor for withdrawals. However, you should know that some fees apply when using Skrill in general. To top up your eWallet and cash out money from it, fees apply which depend on the methods you’ll be using. Plus, fees apply for selling and buying crypto, and for denominating your eWallet in Singaporean dollars or crypto, of 1.5%.
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