The Company behind Skrill
The company behind this successful eWallet was originally called Moneybookers. Launched in 2001 and based in London, Moneybookers was the brainchild of Daniel Klein and Benjamin Kullmann. This tech savvy duo was the first to gain a money licence from the Financial Services Authority for electronic payments. Moneybookers quickly made a name for itself within the online payments sector, gaining a solid reputation for being a trustworthy and reliable electronic payment system. Moneybookers was sold to Investcorp Technology Partners in 2007 and subsequently changed hands a number of times.
In 2013, Moneybookers was revitalised and rebranded as Skrill. Later the same year, the company acquired Paysafecard. Paysafecard is a prepaid card that can be used to make safe and secure online payments, and it is another popular payment method among online casino players. In 2015, Skrill was bought out by Optimal Payments Group – the same company that owned Skrill’s main rival, Neteller. Today, Optimal Payments Group is known as Paysafe Group, and Skrill, Neteller and Paysafecard are all housed under its roof.
What Is Skrill And How Does It Work?
Initially, Skrill was developed as a pre-paid electronic card that could be used as an alternative to traditional bank cards in order to make safer online payments. Skrill acts as a middleman, standing between a customer’s bank account and the online merchant that they wish to pay. Once a customer signs up for an account, they then top up that account by linking it to their bank account. When the customer wishes to make an online payment, they simply select Skrill as their payment method and then use their username to authorise the payment.
Online casinos and poker rooms were among the first online operators to utilise the service. Skrill is ideal for making online casino deposits due to the added layers of security that this method offers. Using a pre-paid method also helps casino players to manage their budget and keep their casino spending in check.
Over the years, the company expanded its services and has developed into a fully-fledged online payments system. Owners of an account can use their eWallet to make payments as they have always done, but now they can also use their eWallet to receive money. Freelancers, for example, can set up an account and use it to receive payments from clients. Or family members and friends can quickly and easily send money to each other via their eWallets. Money can be stored in the eWallet or it can be transferred to a user’s bank account. Skrill accepts a number of currencies, and one of the latest developments is the addition of a cryptocurrency exchange that facilitates the buying and selling of a number of different cryptocurrencies.
The Skrill prepaid credit card
In the interests of providing an even better service to their customers, the company now offers the Skrill MasterCard. The Skrill MasterCard is a pre-paid credit card. This means that you can use this particular MasterCard at any land-based store that accepts MasterCard, and you can use it to withdraw funds from an ATM machine, but you can only receive funds from the balance of your Skrill account. If you do not have any funds in your eWallet, you will not be able to use your MasterCard. You will need to transfer funds from your bank account to your eWallet in order to use your card.
This eWallet MasterCard service is available in over 40 different currencies and can be used throughout the world. Every time you make a purchase using your MasterCard, and you will earn Knect loyalty points which can be redeemed for various vouchers and bonus offers.
Skrill and online gambling
Online gambling is a hugely popular pastime, and modern online casinos give players the opportunity to enjoy all their favourite casino games from the comfort of their own homes. Software providers utilise state-of-the-art technology to come up with exciting games, and online casinos offer plenty of generous bonuses to help players hit that all important jackpot. Online casinos, in fact, have made it a point in recent years to become much more customer oriented than they were in the past. There was a time when the online casino industry as a whole had a rather unfavourable reputation for being untrustworthy and poorly managed.
These days, thanks to passionate gaming professionals, the standards within the industry have risen; fair gaming and excellent customer service is now paramount to the whole experience. And, the competition between online casinos is fierce, which means that every online casino must work hard to make sure that their customers are as comfortable as possible.
In order to retain their customer base and inspire loyalty, a Skrill casino must have certain elements in place that when combined add up to a stellar gaming experience. A legitimate casino licence and an up to date SSL security system is at the top of this list. An excellent selection of games and a generous bonus are also extremely important. And last but not least, a comprehensive selection of trustworthy payment providers must be on offer to facilitate safe financial transactions between player and casino.
There are a number of online casinos that take Skrill, in fact; it is one of the most widely accepted payment methods in the industry and Skrill casinos have been around since the early days of online gaming. Casinos with Skrill offer everything that you would expect the best casinos to offer; players really are spoilt for choice. Players at a Skrill casino can use this payment method make both deposits and withdrawals.
One of the advantages of using Skrill, in fact, is that your withdrawal will be processed much faster than, say, a credit card withdrawal. Another advantage is that a Skrill casino will not charge you a transaction fee when you use Skrill to make a deposit or a withdrawal. However, even though Skrill is one of the most popular casino payment methods, due to its level of safety and ease of use, good Skrill casinos will also offer credit card payments and bank transfers, alongside pre-paid cards like Paysafecard.
The Role of Skrill at Casino Bonuses
When it comes to casino bonuses, casinos that take Skrill can usually be relied upon to offer a range of solid bonus offers. A Skrill casino bonus can take on a number of different forms and be offered at various intervals. The most common Skrill casino bonus is the welcome bonus or sign up bonus. This bonus is offered to players as a reward for becoming a new member and generally hinges on the first deposit.
For example, when a player makes their first deposit, the Skrill casino may offer a 100% match deposit bonus up to the amount of, say, $200. In some cases, casinos that accept Skrill will offer a special Skrill sign up bonus that can only be claimed by players who make their first deposit using Skrill. For example, you may be offered a number of free spins on a specific slot game, or you may be offered cash back on your losses.
A word of warning, however; just as using this payment method to make your first deposit can sometimes be a blessing, it can also sometimes be a curse. Some casinos that accept Skrill will not allow players that use Skrill for their first deposit to claim the welcome bonus. Unfortunately, this is actually a fairly common occurrence. Many online casinos only extend their welcome bonus to players that use the credit card or bank transfer payment method to make their first deposit. It is important, therefore, that you read through the terms and conditions of the welcome bonus before you make your first deposit. If your casino of choice does not allow you to claim the welcome bonus if you make your first deposit with Skrill, you can always use another payment method for your first deposit and then use your eWallet at a later date.
Frequently Asked Questions
What is Skrill 1-Tap?
Skrill 1-Tap allows you to make payments to your Skrill casino account quickly and easily. Once you set up Skrill 1-Tap at your Skrill casino, you will never have to type in your Skrill log in details again. All you need to do is enter the amount you would like to deposit and tap the mobile or tablet screen when prompted to confirm the payment.
Is Skrill safe?
Yes, this eWallet is one of the safest ways to make online payments. The company have invested a laudable amount of time and money into developing their own online security systems. This gives you an added layer of safety on every transaction. Using this payment method keeps prying eyes away from your bank account and makes it much harder for an online fraudster to steal your funds.
Is it possible to use Skrill with Bitcoin?
Yes, the company now offers a cryptocurrency exchange and allows you to store your cryptocurrency in your eWallet. This means that you can use this payment method to make Bitcoin (or Ethereum, for example) to make online payments.
Do all online casinos accept Skrill?
This eWallet is a widely accepted payment method – it is easy to find a Skrill casino that will fulfil all your gaming needs. However, there are some casinos that do not offer this payment method and there are some countries where the use of this payment method is restricted.
What games do Skrill casinos offer?
A casino with Skrill will offer a wide range of casino games. You can expect to find slot games, table games, live casino games, bingo, sports betting and more. The games on offer will depend on the software providers that the casino has partnered with. It is always a good idea to explore a casino’s game library prior to signing up for an account in order to check that all your favourite games are included.
Do Skrill accepted casinos offer VIP bonuses?
Most casinos have a VIP program in place to reward and incentivise loyal players. However, every online casino has its own way of doing things, so you will need to check whether or not there is a VIP program before signing up for an account. If in doubt, contact the casino’s customer service department.
Will I be charged a fee for making a deposit into my Skrill casino account?
Most casinos do not charge a fee for using this payment method. This is true for both deposits and withdrawals. However, you will need to check your casino’s banking terms and conditions for information regarding fees prior to making a deposit. Unfortunately, however, you will be charged a fee when you move your winnings from your eWallet to your bank account.
Can I use my eWallet for withdrawals?
Yes, most casinos will allow you to make a withdrawal using your eWallet. However, it is important that you check the terms and conditions of the casino in question in order to confirm whether or not you can make a withdrawal using your eWallet. Using an eWallet is usually the quickest way to make a withdrawal, but each casino has its own processing time frame – another thing that you will need to double-check. If a casino takes longer than 1 or 2 days to process a withdrawal request, it might be time to look for another casino.