Skrill is a London-based e-commerce business that facilitates low-cost money transfers between e-wallet owners and online vendors. Founded in 2001 as Moneybookers and rebranded in 2011, Skrill is currently owned by CVC Capital Partners and has nearly 30 million members all over the world. All in all, Skrill supports 41 currencies and all the major credit and debit cards. Sending money via Skrill is safe and as fast as with any other e-wallet service, which makes it an excellent choice for real money gaming enthusiasts from all over the world.
The biggest advantage of using Skrill as your primary deposit method is the fact that most major gambling networks support this payment option these days. Unlike PayPal, Skrill has no qualms about dealing with legal online gambling businesses, which means that you’ll be able to use your Skrill account to fund your account on multiple real money gaming sites. Furthermore, Skrill users don’t have to fall back on the traditional bank wire transfers or checks when they want to cash out, because virtually every gambling site that allows Skrill deposits also supports withdrawals using this method.
Skrill is the only e-commerce platform that can challenge Neteller when it comes to online gambling payment processing services outside the United States, which means that the number of sites that support Skrill deposits is simply staggering. All in all, using Skrill allows you to fund your account on more than 2,000 casino sites, online card rooms, bingo sites and sportsbooks, which gives you access to all kinds of real money gambling software.
Skrill-friendly sites range from well-established online gambling giants to interesting local gambling operations. Quite obviously, not all of those sites are worth your attention, so if you want to avoid disappointments and you’d like to go straight to the quality casinos and poker rooms, I’d recommend picking one of the networks that have already been reviewed by one of our experts.
Last, but definitely not least, it is worth pointing out that much like in the case of Neteller, some websites offer exclusive bonuses simply for making a deposit via Skrill. In the end, choosing between those e-wallets boils down to personal taste – regardless of the option you pick, it is more than likely that you’ll never feel like you need to use a different payment processor to cover your online gambling expenses or cash out your winnings.
Making a Skrill payment to an online gambling site requires you to open a new Skrill account unless you already have one, but fortunately the entire process is fairly simple and doesn’t require you to go through much hassle. All you need is to enter your e-mail address and some basic personal information on the official Skrill website.
Once you’re done, you’re free to transfer money from Skrill to any online poker room, casino or bingo service directly via the gaming site’s cashier menu. Skrill payments are very fast and most gambling businesses process them instantly, which means that you’ll be able to join the real money tables and games pretty much as soon as you make the decision to make a deposit.
In addition, it is worth pointing out that Skrill customers are free to purchase Skrill-branded prepaid cards that are linked to their e-wallets. Those prepaid cards support four currencies: USD, EUR, PLN and GBP. The prepaid allows you to withdraw money from your Skrill account from an ATM, which means that you won’t have to bother with waiting for your winnings to go from the gambling site to your e-wallet and from your e-wallet to the bank.
Much like all the other e-commerce companies, Skrill ended up being unable to offer its services to US-facing gambling sites due to legal regulations after the Unlawful Internet Gambling Enforcement Act of 2006 was passed. The American legislators decided that it’d be a good idea to prevent financial institutions from processing any transactions that are related to online gambling sites, which prevented businesses like Skrill from handling both deposits and withdrawals of US-based customers. The company officially withdrew from the American market in 2008, which means that no offshore gambling networks offer Skrill deposits to US-based customers right now.
However, the launch of regulated gambling markets in New Jersey, Nevada, and Delaware is an opportunity for Skrill to return to the US in a limited capacity, as no regulations prohibit financial institutions from processing payments going to and from the low-traffic gambling sites that have officially been licensed in the United States. Consequently, Skrill might be an interesting alternative to credit card deposits, which proved to be just as unreliable in the case of regulated US gambling business as in the case of all the popular unlicensed offshore sites.