Skrill - Magneko

Skrill is an online payment system that allows customers to send and receive money. Daniel Klein and Benjamin Kullmann launched the company in 2001 in London, where it remains headquartered. Moneybookers, an internet-based payment business, changed its name to Skrill in 2011. In 2015, Optimal Payments purchased the company, which previously owned competitor payment service Neteller. In the same year, Optimal Payments relaunched as Paysafe Group, which was bought by an investor group in 2017. Skrill now has millions of users globally, employs over 500 people in Europe and America, and supports over 40 currencies. By 2021, Skrill will have announced a huge collaboration with Leeds United, as well as the appointment of Juventus superstar Paulo Dybala as the Skrill brand ambassador.

Why Skrill

One of the main advantages of Skrill and other e-wallets is quickness. With a Skrill account, you may send and receive money instantaneously. With a bank transfer, you may need to wait for your bank to process your withdrawal.

Membership in Skrill is free. Skrill also allows free fund transfers by bank transfer, Maestro, and Swift.

Using Visa, American Express, and Mastercard incurs a fee. Withdrawals and deposits both incur costs.

Fees, Bet Limits, Deposit and Withdrawal Limits for Skrill

Skrill has several fees and charges that you should be aware of. Adding funds to your Skrill account generally incurs a 1% fee. It is normally free to use Skrill to deposit or withdraw funds from an online casino. Withdrawing funds from Skrill into a bank account usually incurs minimal or no fees.

When using Skrill at an online casino, there will be deposit and withdrawal limits. These limitations will vary by casino. Skrill usually allows deposits of £5 or £10, with a maximum of tens of thousands of pounds. Withdrawal limitations might be relatively comparable.

Skrill deposits nearly always reach your online casino account instantly. Withdrawals with Skrill are frequently faster than other methods. Skrill payouts are normally processed within 24 hours of the operator approving your withdrawal request.

Skrill Casino Free Spins & Bonuses

An online casino welcome offer is one of the best features of signing up for an account. These promos can be deposit bonuses, free spins, or a mix of both.

Before accepting an offer, make sure to read the terms and conditions. This is because you will learn a lot from this phase. Some casinos will deny you the welcome bonus if you deposit with an e-wallet like Skrill. You should be completely aware of this before committing to a platform.

Skrill Cons

Every online casino payment method has its own benefits and drawbacks that players should weigh before committing. Here are the benefits and drawbacks of utilising Skrill for online casino transactions:

Pros

Skrill is a very safe way to transact with an online casino. Also, it does not give out any financial information to a third-party gambling site. So you can rest assured that your data is secure.

Fast–Skrill is one of the fastest ways to fund an online casino account. There are few payment options that can match Skrill’s speed. This is a huge plus because withdrawals from certain payment methods can take days.

Widely Accepted – Skrill is one of the most widely accepted payment methods for UK online casinos. So you can use it to your heart’s content and not waste time looking for Skrill-accepting sites.

Easy to Use — Skrill is quite easy to use, whether it is to manage your account or to deal with an internet casino. To make a transaction, you normally only need to log into your account.

Cons

Fees — Adding funds to your Skrill wallet incurs fees, which some users dislike. These are normally minimal fees but should be considered.

Certain bonus exclusions apply if you use Skrill to deposit. If this is the case, you will need to utilise a new deposit method to continue using the casino site.