This page is completely dedicated to explaining Skrill and its features to everyone interested in using Skrill as a deposit method. Because we understand that switching to a new payment method is a big thing, we extensively review Skrill and try to take all benefits and downsides of the e-wallet into account.
What Is an E-Wallet?
You have probably already heard of so-called alternative payment methods. These are solutions proposed by fine technology companies as an alternative to traditional payment methods, such as bank cards (Visa and Mastercard, for example) or credit transfers, which overcome some of their limitations. Well, Skrill is one of them. Before we dive into Skrill, we want to explain what an e-wallet actually is. As some may know, an e-wallet is something different than an ordinary bank transfer or credit card deposit.
An e-wallet is a digital wallet that is hosted by an independent party. The e-wallets can only be used to receive and send money from. They do not offer interest on balances and can only spend what’s on the account.
If you want to use your e-wallet to play in an online casino, you first have to send money from your bank account or credit card to this wallet. This can be done through a deposit interface which is built-in to the e-wallet provider. You can deposit any amount you want, as long as your initial account has enough funds.
In case of Skrill, it shouldn’t take longer than a few minutes for your deposit to appear in your Skrill e-wallet. For example, if you deposited 5000 Rupees, you should have an extra 5000 Rupees to your balance now.
You can use those 5000 Rupees to do a lot of things. You can buy stuff online or deposit it on your Indian online casino account. If you choose to do the latter, you can, often for free, deposit through Skrill.
About Skrill’s history
It is a modern payment platform created in England, in London to be exact, in 2001, under Moneybookers’ initial name. As an electronic wallet and a prepaid card, Skrill is straightforward to use and offers a very flexible account creation process. The payment platform is secure and available in several languages.
Thanks to Skrill, making purchases and transactions online in virtual casinos with complete peace of mind is possible. The procedures are not complex, the fees charged for the transactions are affordable, and the transactions are fast. Skrill is also used by several applications that can be downloaded from Google’s store and pay subscriptions in Skype, the giant of Internet telephony.
The history of Skrill begins in 2001. The company from which Skrill originated was originally called Moneybookers. It was not until 2011 that the English company changed its name, to improve its image and strengthen its reputation. Simon Jeremy Banfield founded it, and it aimed to offer online banking and money transfer services. Already in 2003, the company obtained its license to operate legally as an e-money issuer. This license is obtained from the Financial Services Authority (FSA), Britain’s leading financial regulator, and operates throughout Europe.
Skrill’s New Owner
Since 2015, Skrill is owned by Optimal Payments, which bought it that year for 95.5 million Rupees. Therefore, the company is acquiring new companies, such as Ukash. It is developing at great speed and expanding to new countries. The English company has experienced many alliances and formed strategic partnerships. The Skrill Mastercard is one of the many products resulting from its partnerships, aiming to be as close as possible to its customers.
Today, Skrill has just over 35 million users and no less than 200 countries under its coverage. In comparison with its competitors, Skrill is the leader in electronic portfolios under certain skies, ahead of Paypal and Neteller. Also, the company has been particularly active in the online gaming sector. It has established itself in this area as one of the most popular means of payment used by players, especially in India. Dozens of renowned game rooms already accept Skrill, and the community of players using Skrill is growing.
What Are the Benefits of Skrill?
Skrill is an electronic wallet well known for the level of security of its platform and the speed of its payment process. The opening of the account is done easily and in a few clicks. Most of the benefits of Skrill are equal to the benefits of e-wallets in general. E-wallets have been audited as one of the most secure ways of transferring money. Skrill and its competitor Neteller have been widely regarded as the two-best e-wallets. It’s therefore likely that the security of both e-wallets might be a notch better than many alternatives.
Since Skrill is a preferred method of many online casinos, you’re almost always reimbursed for the transaction fees. Nearly all online casinos we checked that offer Skrill as a deposit method did not charge any transaction fees.
Another major benefit of using Skrill is its speed. When you want to deposit money in your casino account, you don’t want to be waiting any longer than necessary. You are probably ready to play your favourite games. Some transaction methods, however, take a lot more time than others. Fortunately, Skrill is one of the deposit methods that’s been tested as being lightning fast.
Deposits made through Skrill only take a few seconds before they appear in your casino account. This is especially useful when you want to top up your casino balance while playing casino games. If you know that your account will be out of funds in the next round, you can, while the wheels are still spinning, top up your account. But the Skrill is not only recognized by these positive points. Skrill users and players in particular praise this payment method for its many other advantages:
- Financing a Skrill account is simple and can be done from several sources, namely credit/debit cards and bank transfers.
- The amiable and professional customer service is available 24 hours a day, 7 days a week.
- The total discretion that users enjoy. No sensitive and personal information is shared during transactions. Everything is done anonymously.
- Skrill is very satisfactory in terms of currency. The platform offers up to 40 currencies.
- More than 20 years of experience in gaming, which gives it certain credibility with players and partners.
- Its partnership with Mastercard brings it a little closer to its customers, thanks to the millions of ATMs and POS terminals worldwide that accept this card.
- The simplicity of the portfolio management process thanks to the user-friendly interfaces. A history of the various transactions is available and updated in real-time. Alerts can be configured and sent as soon as thresholds are reached.
- The e-banking platform is totally secure.
- Membership in the Electronic Money Association and compliance with the FSA rules are additional insurance for players.
- The availability of the payment platform from the web and through a dedicated mobile application.
Finally, you should be aware that, in the worst-case scenario, thieves only have access to your Skrill balance. Most players choose to keep their Skrill as low as possible. If it’s high enough, they will always withdraw it back to their bank accounts. This way, you can be sure of a safe Skrill account without limiting yourself to using other deposit methods.
How to Use Skrill at An Online Casino
The only thing you will need to create an Indian Skrill Casino account is a valid email address. The procedure is initiated on the official website of the company. On the home page, a clickable button will show you the link to the account creation interface. Enter the necessary information, including the e-mail address, and validate it. After a few seconds, you will receive an email asking you to confirm your account’s creation. Click on the link, and that’s it. You have just registered and now have a Skrill account, which you can use as you wish to manage your earnings on the Internet.
- Presentation fees…
India Skrill does not charge any special fees to casinos that accept them for deposits. All you need to do is set up your player account and your e-wallet to make your deposits in seconds. To be safe, we recommend limiting the amount you can deposit by creating your Skrill account. This will prevent you from spending too much without knowing it.
- Withdrawal rates
The deposit principle is the same as that applied to the withdrawal with the Indian Skrill. The deposit process takes 2 to 3 days before you see an update of the funds in your e-wallet. Each withdrawal requires a withdrawal of about 1%.
Withdrawing with Skrill
There comes a time where you want to withdraw your winnings from the casino. You’ve been fairly successful, and you are looking to cash-in. Some withdrawal methods take a very long time. And with very long, we mean a withdrawal time frame of at least three days.
Skrill is one of the few deposit methods that sports a withdrawal timeframe that should be around a day. If your account has not been verified yet, you might be required first to verify your identity. But if your account has already been verified, you should have no problem using Skrill to withdraw your funds. In case you do have issues withdrawing, we suggest you contact the Skrill customer service team through their website.
Advantages of Using Skrill in An Online Casino
- Vouchers for the Skrill
Regarding India Skrill Casino Bonus, as usual, live casinos do not hesitate to give bonuses and offer promotions to players who choose India Skrill as their payment method. During our testing, we found that there were several types of bonuses available. The maximum values of these bonuses differ from one gaming platform to another. Below are some indicative figures of the bonuses you can get when playing at a Skrill casino.
- Welcome offer and first deposit: up to 400.000 Rupees bonus, 50 free spins and 4,200 free spins;
- Loyalty bonus: Possible supply of up to 700.000 Rupees in bonuses, plus 260 free spins and 4200 free spins;
- The maximum rate that can be applied to bonuses as a promotion: 500%.
These are just some examples of what you might encounter while playing with Skrill in India’s online casinos.
Skrill FAQ – Frequently Asked Questions
Online casinos that offer players the possibility to deposit through the Skrill e-wallet are common. In Europe and India most online casinos have listed Skrill as one of the deposit methods. You don’t have to be afraid that when you deposit through Skrill possible restrictions might occur. You can play any game you want for any limit, whether you deposited through Skrill or any other deposit method.
There are several online casinos we would advise when you’re searching for a casino that offers Skrill. The best-known casino to offer Skrill is Dunder, one of the biggest online casinos of Europe, which is available in India. An excellent alternative with a focus on sports betting is Betway, which hosts over 20.000 betting markets. If you are however searching for a traditional online casino where you can deposit money through Skrill, we suggest you to either visit Casumo or Casino Cruise.
We occasionally receive the question of whether or not you have to pay to register a Skrill account. We’ve got some great news for you here too: you don’t have to pay anything to create a Skrill e-wallet. All you have to do is fill out some digital forms and you can start using your Skrill account!
Registering in Skrill and having an account does not entail any expense. The procedure is simple. First you have to go to the official website of the structure. Then you will have to follow the process and fill in all the information you will be asked for.
It is possible to credit your Skrill account by bank transfer, directly from a partner bank account, or by card. Go to your management interface, then to the deposit page. Follow the procedure for funding the account and select the option that suits you.
To withdraw money or make a deposit into your casino account using Skrill, simply select this payment method on the gaming platform. Follow the usual process for the transaction in your casino and choose "Skrill Payment Solution" when validating the withdrawal or deposit.
There are dozens of casinos worldwide that offer players the opportunity to make deposits and withdrawals using Skrill. These include Jackpot City, Lucky31, Betway, WildSultan, Tropezia Palace, Casino Extra, Dublinbet, Cresus online casino and Lucky8.