Skrill, formerly known as Moneybookers, is an e-wallet payment service that is readily accepted on online casino sites. The company has been in operation for over a decade and is highly experienced in the online gaming industry. Skrill has even been authorized by the New Jersey Division of Gaming Enforcement (NJDGE), as the only e-wallet service sanctioned for processing payments for online gaming in New Jersey. This is especially notable because New Jersey is the only US state that permits online casinos.
Moneybookers, as Skrill was then known, began in 2001 and has been growing ever since. In 2010, the company was named the fastest-growing, private-equity-backed UK firm. In 2011, the number of Moneybookers customers reached 25 million, and over 120,000 merchants were processing Moneybookers payments.
Later that year, the firm announced its intention to rebrand as Skrill. This was completed in 2013. In 2015, Skrill purchased Ukash, a UK-based digital payment service that also operates in the gaming industry.
Skrill also gained notoriety for ceasing payments to WikiLeaks, after the whistleblowing organisation was blacklisted by the US government. Julian Assange, WikiLeaks founder, accused them of being complicit in an act of “financial warfare” by the USA.
How does Skrill work?
Skrill works very much like fellow e-wallets PayPal and Neteller. All you need to do is set up an account, and then you can transfer funds into it via bank transfer, credit/debit card payment, or prepaid vouchers. These transactions will complete almost immediately and you’ll be ready to start wagering right away.
Like other e-wallets, a particular advantage of making payments with Skrill is that you do not have to provide your personal financial information, like a bank account number, to an online casino. For those of an anxious disposition, this can help allay some players’ fears that they could be the subject of theft or identity fraud.
There are a couple of minor disadvantages to using Skrill. Firstly, when depositing and withdrawing from an online casino, there are likely to be fees attached. These can be in the range of 1-5%. Secondly, first-time deposits through e-wallets like Skrill and Neteller are likely to render the player ineligible for the casino’s welcome bonus package. This can be frustrating for the player who may deposit without knowing they’ve fallen foul of the casino’s terms and conditions. This may render a player’s winnings void and face confiscation by the casino.
Skrill 1-Tap will help to make your gambling experience even quicker, smarter, and more discreet. Once you have signed up, topped up your funds, and fully verified your account, you’ll be able to make a one-touch deposit on your tablet or smartphone.
To see if 1-Tap is available on your casino of choice, then check the footer of a casino homepage, or the Banking/Cashier page of their website.
Is Skrill a good casino’s choice?
Skrill is a widely accepted payment method in the online gaming market and as a company, they pride themselves in their industry experience. If you prefer to use an e-wallet to conduct your online casino finances, then it is an excellent choice.