Skrill (previously known as Moneybookers) is one of the world’s biggest and most popular online payment and e wallet services. Skrill offers you the chance to fund your gambling account securely and quickly.
In this Skrill review, we will look at all aspects of the service and how to use it. Keep reading to find out more.
Skrill works in a similar way to both a debit card and an online bank account. You simply go to the website www.skrill.com and register a new account. Once your Skrill account’s verification has been completed you can use Skrill to pay for goods and services online – it can even be used to pay bills. With Skrill you will never fall into debt, or end up owing interest, as you may only use money that is in your account.
To buy goods with Skrill you simply choose the option when checking out, much in the same way you would if you chose to buy with a credit card, Alipay, bank transfer, PayPal or any other payment method. Many online retailers, but not all, offer Skrill as a payment option.
It is exactly the same for funding an online gaming account, you simply choose the option labelled as Skrill/Moneybookers and input your account details in order to deposit funds instantly to your account.
Skrill may also be used for sending money to another person online. To do this you simply login to your account, choose ‘send money’ and enter the name and email address of the person you want to send your Skrill money to, along with the amount you wish to send.
They charge a 1% fee on all money you transfer online to another user, capped at €10. For transactions involving currency conversion, Skrill adds a fee of between 2.99% and 4.99% to their own exchange rates.
From their website; We add 2.99% for transfers between USD, GBP, EUR, CAD or PLN currencies. 3.99% for transfers between USD, GBP, EUR, CAD, PLN and any other currency. 4.99% for transfers involving any other currency.
Our Skrill review found the company is highly regulated and all customers need to verify themselves before they can use all of the available services. This is a completely standard procedure. Skrill will ask all new customers to send a copy of the following
documentation and information:
1) A full colour copy of a valid, official identification document such as your international passport (double page), national identity card or driver’s licence (front and back)
2) A copy of a paper utility bill (Gas Bill/Electricity Bill) or bank statement issued in the last three months, clearly displaying your name and address. The address on this bill must match the address you used when registering your Skrill account.
For depositing and withdrawing funds you will also need to verify your details. If you plan to use your bank account you can verify it by depositing and withdrawing to Skrill using the account.
Alternatively, you may withdraw any amount less than €15. Skrill will send the money with a reference code to your bank account. Once you receive this money, you need to login to your Skrill account and confirm the special code they sent you. Once this is
completed your bank account will be fully verified.
Similarly, anyone who wishes to use a credit or debit card on Skrill will need to verify ownership of the card. This can be done in two ways:
1) Deposit money to your Skrill account using the card and then withdraw money back to the card. Once you have done this, you will then need to send a scanned copy of your credit/debit card statement that shows the funds being deposited and withdrawn.
2) The second option is to allow Skrill to debit a random, very small amount, of money from your card (less than $2.00). Once the money has been debited, you will need to verify the exact amount that was taken from your card. Once this is verified the amount
will be returned in full to your card. More importantly, your card will now be fully verified to use on Skrill. If the above sounds like too much work, Skrill can also manually verify your account. To do this you will need to contact their help desk. They will then get back to you with full instructions on what is needed to complete the process.
In order to verify your address, you will need to request a verification letter. Skrill will send you a letter containing a 6-digit code, which you must enter in the verification section of your account.
It is of the utmost importance that you don’t cut corners here, and that the details on your account match those on your identification because Skrill security is very strict when it comes to these processes. I strongly advise doing all of these verification processes as soon as possible after opening your account, as it can stop any delays or hassles in future.
As part of our Skrill review we fully tested the service. We discovered you can fund your Skrill account using a number of different methods. In India, the most popular ways to deposit money into a Skrill account are by credit card, debit card or bank transfer. If you know somebody else with a Skrill account, you may also get them to send you funds directly from their account to yours.
Below is a list of payment methods available to Skrill users in India. It is important to note that Skrill accept all credit and debit cards, including Visa, MasterCard, Laser, Maestro, Diners Club, Discover and JCB.
Cambodia (no local currency): International Bank Transfer (SWIFT) / credit+debit cards China (no RMB a/cs): Bank wire / SWIFT / credit+debit cards (no Unionpay) India: SWIFT / credit+debit cards Japan: Bank wire / SWIFT / credit+debit Cards Korea (Won a/cs): Bank wire / SWIFT / credit+debit cards Singapore (SGD a/cs): Bank transfer / Visa / Cheque / Enets Malaysia (allow MYR acs): SWIFT / credit+debit cards Sri Lanka: SWIFT / credit+debit cards Taiwan: Bank transfer / SWIFT / credit+debit cards Thailand (THB a/cs): SWIFT / credit+debit cards Vietnam (no dong a/cs): SWIFT / credit+debit cards
Cambodia: SWIFT China: SWIFT India: SWIFT Japan: Cheque / SWIFT Korea: Cheque / Visa / SWIFT Malaysia: SWIFT / Cheque Singapore: Cheque / SWIFT / Visa Sri Lanka: SWIFT Taiwan: Visa / SWIFT Thailand: SWIFT Vietnam: SWIFT
If you deposit to Skrill using a Bank Transfer there are no limits – you can upload as much as you want. It is also free to deposit this way and will generally take 3-5 days for the money to be in your account.
If you are uploading using a credit or debit card then you may upload a maximum of €3,000 and you are charged a 1.9% fee. The funds will be credited to your account immediately.
Important note: When funding your Skrill account using a bank wire or credit card, you may only use a card or bank account in your name – you cannot under any circumstances use a card or bank account in another person’s name. This is due to anti-money-laundering regulations. If they have a Skrill account there is no problem with them sending money from their account to yours.
In India, the most popular way to withdraw from your Skrill wallet is by bank transfer, although withdrawing to Visa is also popular in countries where this option is available.
When you make your first withdrawal request you will receive two emails. The first will be confirmation of your request and the second will be sent once your withdrawal has been processed. If you have withdrawn using bank transfer, the money will reach your account in between 3-5 working days.
Skrill also have the option of a prepaid MasterCard for withdrawing funds from your account (see section below).
Withdrawal fees differ depending on your preferred method:
Skrill 1-Tap is a secure way to use Skrill instantly without having to re-enter your details every time. Skrill 1-Tap is an extension of Skrill’s normal services, it just makes depositing at your favourite sites a bit quicker.
It was set up with Internet poker and gaming in mind, and there are dozens of casinos accepting Skrill 1-Tap from Indian players. The Skrill 1-Tap addition allows faster deposits without endless security and ID checks. Best of all, most Internet casinos won’t charge you for using Skrill 1-Tap.
If you are looking for a safe, legit way to play the best live table games online or video slots, Skrill 1-Tap is a fast and secure method. It leaves you with more time to play the games you love or wager on your favourite sports.
The beauty of Skrill 1-Tap is that it is available in most countries in Asia. Only North Koreans are restricted from using the service. However, it’s worth knowing your legal standing regarding online gambling where you live.
Using Skrill or Skrill 1-Tap at gambling sites in India is completely legal. Although Indian gambling laws are not very clear, there are no laws that prohibit online gambling. Skrill itself is an international company and so there are of course no restrictions on using it in India.
Skrill will terminate any accounts if they are found to be used for illegal sports betting, casino or poker games on the web. At Asiabet, we only recommend fully licensed and legal sites so as long as you stick to our recommendations, using Skrill and Skrill 1-Tap is completely legal.
Skrill 1-Tap is an easy to use virtual wallet that allows simple and quick online payments. It certainly has advantages over bank transfers, which can feature hefty fees, but how does it stack up elsewhere?
If you are on an online casino optimized for Android or iOS, you can use Skrill 1-Tap to move funds. There is a handy Skrill 1-Tap app which lets you deposit cash instantly at casino websites. It’s perfect if you want to play casino games on a smartphone and don’t want to wait around.
If you want to avoid transfer fees, you can access your Skrill cash with a Prepaid MasterCard. These let you withdraw real money at over 2 million ATMs across the world. There are no credit checks and you don’t need a bank account. A cash-out fee will apply, however.
Skrill 1-Tap now features added ID verification for all account users. You can increase your account limits by verifying your identification. This includes proving your home address and confirming email addresses and phone numbers. Users can also enable 2-factor authentication to stop hackers gaining access to their accounts.
One issue with Skrill is the fee. When receiving money from your casino account, no charge will be made. However, when you cash out your skrill wallet to an Indian bank account, you will incur a fee of 1.9% of the balance, up to EUR20 maximum. Skrill, therefore, is a good e wallet to use for storage and for moving between different casinos.
When you are ready to cash out winnings, you can use Skrill 1-Tap to store your money. Go back to the casino Cashier and find the Skrill e wallet option in the menu. Enter your username and password again and hit the ‘Withdraw’ button. Your funds will appear in your e wallet within 24 hours.
It’s free to withdraw cash from a casino to your Skrill account. However, there will usually be fees when emptying your Skrill wallet. Indian gamblers can cash out money to a bank account or prepaid MasterCard, if available where you live. Watch out for any Skill fees for currency conversion that apply when doing this.
In some Asian countries, an e wallet like Skrill or Neteller can be the only payment methods available. Most Asian-facing casinos accepting Skrill 1-Tap will also accept PayPal and possibly Neteller. You may have to convert cash into USD or GBP before you complete a money transfer, however.
A credit card, where available, is another secure deposit option. VISA and MasterCard are universally accepted at good online casinos. However, the cash advance fees of 3% are way above what you will pay with Skrill 1-Tap.
It’s simple getting started with a Skrill 1-Tap deposit. You will need a gambling account with a valid name and email address. This must match the details you use on the Skrill website.
1 – First, set up an account and wallet at www.skrill.com. You will need an active email address and home address in order to set up your Skrill account. You will also receive a unique ID number and a 6-digit verification PIN if you opt for added security. This is used to complete transactions.
2 – Register a primary debit/credit card and bank account with Skrill. You can add multiple secondary cards and accounts later. Deposit cash into your Skrill wallet with a few simple instructions.
3 – Visit the Cashier page at one of our recommended casinos. You’ll find the option in the drop-down menu, along with minimum and maximum limits. Most casinos allow minimum deposits of around USD5.00 per transaction.
4 – Enter your deposit amount and your password. When using Skrill 1-Tap for the first time you will be redirected to the Skrill homepage where you will need to log in and complete the deposit. However, all subsequent deposits won’t require this added procedure.
5 – Deposits are processed instantly, and the fees are free at most casinos. You can now gamble online on top casino games and slots.
Skrill give you the option to hold a prepaid MasterCard that is attached to your account, just like a debit card is attached to your bank account. This card can be used to access your Skrill funds from anywhere in the world. If you have a balance of $500 in your Skrill account then you may withdraw this at any ATM machine. This is debit only, so you can only spend the funds in your account. It is NOT a credit card.
You can use the card to withdraw funds at over 1.5 million ATMs worldwide, to shop online, or to pay at over 28.5 million stores and restaurants where MasterCard is accepted.
There are however limits on how much you can spend or withdraw each day. Unless you are a Skrill VIP, you will only be able to withdraw a maximum of €250 per day (this costs €1.80 for each withdrawal).
The daily spending limits in stores and online is a maximum of €1,000 a day. To have these limits increased you will need to use Skrill regularly enough to qualify for their VIP program.
Skrill offer a VIP scheme to high volume users who deposit €6,000 or more to merchants over a 3-month period.
The first step on the ladder is Bronze Level, and there are three more levels to climb to make it to the top tier – the
Diamond Level: You will need to meet the below requirements in order to move up the VIP ladder:
Bronze Level: Will be granted to any Skrill account holder who transacts €6,000 in any rolling period of three calendar months.
Silver Level: Will be granted to any Skrill account holder who transacts €15,000 in any rolling period of three calendar months.
Gold Level: Will be granted to any Skrill account holder who transacts €45,000 in any rolling period of three calendar months.
Diamond Level: Will be granted to any Skrill account holder who transacts €90,000 in any rolling period of three calendar months.
The majority of people that use Skrill for personal use will probably not reach Diamond Level, as it would require an average of €7,500 per week to be transacted. Person-to-person (P2P) payments, uploads or withdrawals do not count towards your VIP status.
Some of the benefits of being a Skrill VIP include a 100% money back guarantee in the case of any fraud or account thefts, priority bank uploads, 24/7 customer support, entry into the Skrill VIP Loyalty Club, exclusive promotions, a free Skrill MasterCard, higher ATM withdrawal limits, lower (or in some cases free) withdrawal fees, reduced person-to-person sending fees, lower currency exchange fees and the ability to open one or more multi-currency accounts.
The VIP Loyalty Club is one of the most appealing aspects of becoming a Skrill VIP. Here you can spend all the loyalty points that you earn by making transactions to merchants. You will earn 1 loyalty point for every €1 spent or deposited online.
In addition, you can purchase 5,000 loyalty points for €11, which can be used to buy merchandise from the VIP Store. Some of the products available in the Skrill VIP store include ‘toys for boys’, sports and fitness goods, books, games consoles, computers, electronics and much more. Prices start from about 13,000 points to buy a book, up to 10.3m points for a top-of-the-range Apple Mac Pro desktop.
Books are one of the cheapest options in the shop and the average cost of a book is ~17,000 loyalty points, so this would require you to transact €17,000 to earn the points required to purchase it (or buy 20,000 loyalty points in the store for €44)
You can also choose to receive cashback with Skrill. You can cash in from 2,500 points for €5 up to 300,000 points for €600. Cashback rates won’t change no matter which reward you choose and it works out at 0.2% each time. Occasionally, during promotions, this amount can increase to 0.8%.
If you become a Skrill VIP you will be issued with a free Skrill Security Token, which must be used every time you access your account. This device is a portable key-fob and it will generate a unique password for each login to your account. This increases the protection of both your account and of your funds, making it virtually impossible for your account to be hacked.
For regular, non-VIP customers, Skrill’s support is a bit disappointing. They are excellent if you call their support phone number but they can be very slow at responding to emails – sometimes taking as long as 24 hours to respond. I also find it frustrating that they do not offer a live chat function. Phone and email support is available between 9am-6pm Mon-Sun
On a few occasions it has taken their email support team a few days to respond to my queries. Follow up mails can also take just as long, so it can often take three or four days to get problems resolved.
My advice: Avoid the email support and call them instead. You will have your issues dealt with much quicker!
Skrill have a mobile app available to for both Android and IPhone/IPad. The first time you enter your details you will be prompted to create a 5-digit pin code that you will use for all future logins.
Using the mobile app gives access to all the options found in your regular account. You will be able to upload, transfer and withdraw funds and also check all current and past transactions.
Skrill is one of the biggest online payment processors in the world today. As a result, it is extremely safe to use and the company takes security very seriously. It uses only the most modern security technology, with account login, personal details and all money transactions secured using Secure Socket Layer (SSL) technology with high-security 256bit encryption, certified by VeriSign.
In addition, Skrill employs a large team of highly-trained Risk and Anti-Fraud experts who constantly monitor all transactions using state-of-the-art tools and technology. If any suspicion arises the Risk and Anti-Fraud team immediately conduct an in-depth analysis to either confirm or eliminate the concerns. Working very closely with the relevant authorities, offenders are always prosecuted.
Skrill also has a few extra security features that I really like:
I have used Skrill for close to 10 years. I use it to deposit and withdraw money on a daily basis from my online poker, casino and sports betting accounts. I also use it to buy goods online and to top up my Skype credit.
In all my years of using Skrill I’ve never encountered any serious issues. All deposits and withdrawals are done instantly on Skrill’s side and any delays are usually down to the betting site’s verification process.
Skrill makes it extremely easy to move money in and out of betting accounts online, as it is more convenient, safer and faster than the majority of other available options. Taking money out is also quick and hassle-free as I can withdraw using my ATM card or by bank transfer.
Their initial verification process can be annoying but this should be seen as a positive thing, as it shows they care a lot about security. Their email support could and should be better, but that is only a minor complaint.
Unfortunately, Skrill is not available to residents of certain countries. You may not use the services of Skrill if you are living in any of the following: Afghanistan, Cuba, Iran, Myanmar, Nigeria, North Korea, Sudan, Somalia, Syria and Yemen.
Skrill users in Canada and the USA may not use it for gambling-related transactions. If you try to do this, your account will be permanently closed.
If you plan to visit the USA you need to be aware that you may use your Skrill MasterCard there, but you cannot login to your online account.
When Skrill first started out it was called Moneybookers Limited. It was founded in London, UK, in July 2001. By April of the following year, the website and its online payment system had been launched. Within 18 months of trading almost two million people had registered with Moneybookers. Their headquarters are in London, though they also have international offices in Berlin, Sofia, Stockholm and New York, employing over 560 people in total.
In 2007 Investcorp Technology Partners bought Moneybookers for €105m and, soon after that purchase, they passed the six million customer mark. By 2009, Moneybookers had launched their own prepaid MasterCard.
In 2010 Moneybookers decided to rebrand as Skrill. They had now passed the 20 million customer mark with over 100,000 merchants accepting Skrill as a payment option. This rebranding process was completed in 2013 when they migrated all users from the old Moneybookers platform to the new Skrill site.
In 2013 they also purchased Paysafecard, Europe’s leading payment provider. As of today they boast over 36 million registered users worldwide who send and receive money in over 40 currencies in 200 countries, with 156,000 merchants using their payment solutions.