Skrill Ltd (hereafter referred to as the “Skrill”) is a so-called e-wallet or digital wallet, with which you can store money and send money to others using the same service or to casinos and others who accept Skrill as a payment solution. Skrill focuses on carrying out international transactions at a low cost over the Internet. With Skrill you can both send and receive money, which means that you can both refill the cash at the online casino when it starts and receive money from the online casino when you have had the trip with you. Transfers are more or less immediate, depending on how you want the transfer to go. Above you can see our recommended online casinos with Skrill.
Email address associated with your Skrill account.
With Skrill you have an e-mail address linked to your account and you use it, among other things, to log in and to receive money for the account with the Service. When something happens to your account with Skrill, for example, that you receive money deposited, you are notified via e-mail to the address associated with the account. This way, you do not need to log in to Skrill unnecessarily just to see that money has not arrived, it is enough to check the email.
Which email address you choose to use is up to you, and it is not necessary to always have the same one as you create the account, if you later want to change the email address for some reason. Be sure to notify everyone who pays you if you change your address, as payments between different users of Skrill mostly only use email to the recipient; Names and messages and more are not necessary to send money between different users of the Service. The easiest thing to think about is when you enter an e-mail address when you create an account with Skrill, so that you choose an address that you will probably not stop using as long as you intend to use Skrill.
When transferring money to an email address, Skrill charges a 1.9 percent fee from the sender of the money, while it is free to receive money. There is a ceiling for the transfer fee and that ceiling is just under EUR 20. As a benchmark, one can expect that 20 EUR is 2 percent of 10.000 EUR, so around that it does not cost extra to transfer more money when making a transfer to another e-mail address within the same service.
Take the money back to your bank account.
Once you’ve won so much at the casino that you want to withdraw so that you can do something fun with it, then you can request a transfer from your account with Skrill. You then click Withdraw when you are logged into Skrill, and select the method and the amount you want to transfer.
For example, you can choose to transfer to your bank account. Then, in a number of steps, you will be given the account number and clearing number and verify that you are the holder of the account. If larger amounts are to be transferred, you may need to identify yourself by, for example, taking a picture of your credentials and sending to Skrill’s support. If you have made several transfers to your bank account in the past, it is sufficient to state your date of birth to confirm a withdrawal; you only need to submit your photo ID once.
Once they have ensured that you are the one you are claiming to be, it will take a few days before you have the money in your account. For transfer to a bank account, Skrill charges a fee that varies slightly depending on the exchange rate, but which is usually around EUR 5. Therefore, it may be a good idea to collect a number of casino winnings for a slightly larger amount before withdrawing the money, rather than making many small-scale transfers.
The fee for withdrawal is not a certain percentage of the amount, but a fixed fee that does not change with the amount. The percentage is therefore less the more money you bring home. Therefore, it may be a good idea to collect a number of casino winnings for a slightly larger amount before withdrawing the money, rather than making many small-scale transfers. The fee for withdrawal is not a certain percentage of the amount, but a fixed fee that does not change with the amount. The percentage is therefore less the more money you bring home. Therefore, it may be a good idea to collect a number of casino winnings for a slightly larger amount before withdrawing the money, rather than making many small-scale transfers. The fee for withdrawal is not a certain percentage of the amount, but a fixed fee that does not change with the amount. The percentage is therefore less the more money you bring home.
Transfer money to Skrill.
When you start running out of money to play for, it’s time to transfer more money from your bank account or any other account and Skrill offers several different options to choose from. Trustly means that the money is uploaded immediately via bank transfer. There, the upper limit is just under EUR 2,000 and the fee is 1.95 percent. If you own bitcoins, you can also upload them to your account on Skrill, even with immediate transfer.
You will then be directed to BitPay to complete your transaction. You will see the amount in bitcoin, a QR code and BTC payment address. The fee is 1, 0 percent and the maximum amount to transfer is equivalent to about EUR 5000. If you wish to transfer more than you can divide it into several transfers. With Paysafecard you can transfer up to EUR 1,000, but then the fee is 7.0 percent, which is clearly the highest of the charging options offered by Skrill.
Neteller also provides instant transfer, at a fee of 3.0 percent. There, the maximum amount is around EUR 5000, about the same as for bitcoin. If you add a credit or debit card, you can also use it to send money to Skrill, and you will immediately receive them in your digital wallet.
The only option that has a delay of a few days is manual bank transfer, but on the other hand it is free and has no upper amount limit. You then make a transfer in your Internet bank to Skrill and specify which account with Skrill the money should be deposited into. Your internet bank may charge a transfer fee if you transfer to a foreign bank.
Among similar, competing services in the digital wallets or e-wallets category are POLi, Neteller, PaySafeCard, EcoCard, ClickandBuy, Ukash and Paypal. They offer about the same services and charge about the same fees. If you know in advance what you intend to use skrill for, such as transfers to and from casinos, then you can compare the fees for that particular and choose the service after that. The fees are also not constant, but each service can unilaterally choose to adjust their fees up or down as they see fit. If the charges are important to you, you can therefore compare the fees of the various services at regular intervals, and change if you find that someone is significantly cheaper.
Skrill as a company, history.
Skrill is owned and operated by Skrill Limited, a UK-based company registered to operate in financial services and regulated by the UK Financial Supervisory Authority. The company is licensed to operate within the EU. The company was founded in 2001 under the name Moneybookers Limited. In 2007, Skrill was bought by Investcorp and then grew rapidly. In 2011, the company had over 25 million customers and partnered with, among others, Facebook, Skype and eBay. In 2013, the company was once again acquired by CVC Capital Partners. In 2014, Skrill was approved by the New Jersey Division of Gaming Enforcement to serve as a digital wallet in collaboration with online casinos.