Skrill As A Payment Method For Online Casino Gamblers

Online Casinos Accepting Skrill 

You can thank technology and its huge advances over the last couple of decades for changes in the way we move money around. Many years ago, people were using checks or travelling with large sums of cash. Now the fashion is to use cryptocurrency or e-wallets. If you’re in a restaurant or a bar having drinks with your friends, you can use Venmo or Revolut. And if you’re gambling online then there’s always Skrill. The benefits of moving digital money for paying bills and settling accounts make Skrill particularly useful for online gambling. This method of money transfer has become very popular. Though its use will not increase your jackpot winning chances, many online gamblers enjoy using it thanks to its easy-to-use features along with top-notch security.

What Is Skrill?

Skrill is an e-commerce business. It’s available in more than 200 countries around the world and provides instant online money transfers. As of writing, there are over 16 million worldwide users. The company was created by Moneybookers.com and is, for all intents and purposes, a rebranding that took place in 2010. Its headquarters are in London. There are a number of different ways to send money using the Skrill Money Transfer System. Probably the most common of these methods is by utilising a personal credit or debit card. As for the other options, they include such things as online payment systems like PayPal, as well as using cash at an authorised retailer.

Your Physical Location Matters

One reason why Skrill is so popular is that there are no restrictions on the total amount of money that you’re allowed to transfer. Nevertheless, it’s important to keep in mind that depending on your selected method of payment, and the destination country, you may well find that the transfer can take up to several days. Skrill falls under Maltese law when it comes to having a licence as a financial transfer service. As such, the company must comply with all necessary legislation and regulations from that jurisdiction in order to operate.

The Pros Of Skrill

Skrill offers a number of competitive advantages to its users. These include:

• Easy and quick money transfers using credit or debit card
• Instant money transfer through cash at retailer outlets
• Cashouts in casino and sports betting sites (If you bet with any European bookmaker, you can deposit and withdraw using Skrill)
• One of the lowest fees for money transfers

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Skrill Compared To Other Banking Methods

You’re probably well aware that e-Wallets such as Neteller and PayPal are now market leaders when it comes to e-Wallet online money transfers. But Skrill still offers a number of advantages which put it above these two popular systems.

• A single-user account can use multiple accounts simultaneously on different websites
• You do not need to confirm or check your account with your mobile phone
• You can make deposits with cash at retail outlets without the need for bank cards
• Skrill has competitive fees for international transfers and a flat rate for domestic transfers

Although we’ve written the pros above, we have to admit there are some cons. This is in spite of the fact that you may assume Skrill is the best e-Wallet for online gamblers. It’s probably best that we compare Skrill with other deposit and withdrawal methods that can be found on the vast majority of gambling websites like 22Bet Casino.

Skrill vs. Cryptocurrency

Over the last few years, cryptocurrencies have become very popular as a means of making deposits in online casinos. In fact, you’ll find many Bitcoin casinos all over the internet. It’s worth noticing that cryptocurrencies do offer a variety of advantages when compared to Skrill.

The first one of these, and probably the most important, is that making transfers with cryptocurrency is going to be much faster than using a credit or debit card. Furthermore, there’s no need for any KYC. Meaning you don’t have to provide personal details or upload any documents. Some gamblers would argue that you can even make money on cryptocurrency thanks to its volatility. Finally, we should mention that cryptocurrencies are, to all intents and purposes, decentralised. This means that technically if you’re using them to win the jackpot online, they cannot be blocked by any regulator or any bank.

Apart from Bitcoin and Ethereum, there are many other cryptocurrencies. These are Alt-Coins. As opposed to Bitcoin, these can provide even faster transaction times. Not only that, but they are able to do so with even lower fees. So it’s easy to see why cryptocurrency has rapidly become one of the favourite payment methods for many gamblers playing jackpot games online.

Skrill vs Paypal And Neteller

Skrill likes to bill itself as being as useful as other e-Wallet services simply because it has both lower fees and provides many more payment options. There is some truth in this. Especially when it comes to PayPal transactions. Though it may be faster to use PayPal, they are also more expensive than the fees charged by Skrill. Another point, Skrill is much more widely accepted than PayPal when it comes to US online casinos. A good alternative to Skrill is Neteller. Even though it offers a stellar service, we find its transaction times can be quite lengthy

Skrill vs. Debit Or Credit Cards And Bank Wires

When it comes to a debit card, credit card or bank wires much depends on where you are in the world and your country’s banking system. In addition, you’ll find that all three of the above options will cost more than Skrill when it comes to making casino transfers. Yet in spite of this, one of the reasons why these methods are so popular is because they are universally accepted. To that end, you’ll find the vast majority of online casinos and gambling sites are happy to accept them. Many players using credit or debit cards are able to make deposits and cash out a number of times each day. Having said that, there is a cost to their use. Unfortunately, the transaction fees for using Skrill are higher. Furthermore, you may have to wait a little longer to see any winnings transferred to your personal bank account.

Reputation And Licensing

As we often say here at Jackpotfinder.com, an online casino’s reputation is everything. When it comes to recommending a casino for gamblers, then we need to look much further than their track record. We believe that licencing is probably the most essential ingredient to let you know that an online casino is trustworthy and reputable. It’s a basic requirement that all legal gambling operators must have a licence from a reputable licencing body. Some of the best are the UK Gambling Commission and the Malta Gaming Authority. These organisations ensure that players are kept safe and secure at all times. They indicate to the players that the casino’s games are fair. They also give players the peace of mind of knowing that these online casino websites are being constantly monitored and audited by third-party companies such as eCOGRA.

Look For Personal Reviews

We suggest that before you sign up for any online casinos to win the jackpot like 22Bet Casino which offers Skrill as a payment option, you need to do some homework first. This includes using the internet for reviews and commentary on not only Skrill itself but also on the casinos offering this payment platform. When you visit gambling forums you will find that many gamblers and not shy about speaking up with regard to their payment processor experiences, as well as the online casinos themselves. 

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