Skrill Review

Owned by Paysafe Group Plc, once known as Optimal Payments Limited, Skrill, formerly Moneybookers, is a reliable payment option used to transact with merchants and gambling operators both online and off. Paysafe Group is the parent company of additional payment options including its own Paysafe Card and Neteller, which was acquired in 2015.

Reliable as it may be, Skrill has gone downhill in the eyes of its customers following some hefty fee increases imposed by Paysafe.

The services are available to users in hundreds of countries but the availability of services will vary by country. This e-wallet follows the strict guidelines within the markets it serves. For example, a customer in the United States will not be able to use the account to fund any online gambling-related accounts.

Making a Deposit to your Account

Your funding options will depend on your country of residence. You’d think that the fee from a sister company, Neteller, would be free or non-existent but instead, it’s higher than using a major credit card. What’s more, is that a deposit from a Paysafe Card account is over double that of the fee for credit card funding. If you’re looking for a free deposit method, we wish we could say the sky is the limit but it’s not. A bank transfer is the only way to deposit without being charged unless you’re receiving funds from another source.

Be prepared to prove your identity. Identification will be required before you’ll be given full access to your account. This is designed to combat money laundering and other fraudulent or high-risk activity.

1. Click on Skrill’s logo from the list of payment methods available in the cashier.
2. In the new window, enter your e-wallet credentials to log into your account.
3. Enter the deposit amount.
4. Confirm the transaction and the deposit is instantly transferred.

Skrill Withdrawals

One of the best things about Skrill is that whenever it is available for deposits, it is almost always available for withdrawals, as well. Therefore, you won’t need to worry about having to find a different method to cash out your winnings. 

The withdrawal process is similar to a deposit.

1. Select Skrill from the cashier.
2. Enter the amount of your cashout
3. As soon as the bingo site approves the transaction, the payment is sent to your e-wallet account.
4. From Skrill, you can transfer the balance to another preferred banking method.

VIP Programme

Join the club to claim benefits like the 100% money back guarantee if you suffer a loss due to fraud, a personal account manager and lower transaction fees. Your level of status is based on the grand total of your processed transactions during the qualifying quarter.

Tiers: Silver, Gold and Diamond

If you intend to use this e-wallet on a regular basis, you’ll benefit from free ATM and bank withdrawals. Even your foreign exchange fees are reduced, which comes in handy for travel bugs.

Skrill MasterCard

The Skrill MasterCard product is available in a limited number of countries. There’s no fee associated with purchases unless they involve foreign transactions or cash withdrawals. The exchange rate for currency conversion is adjusted based on your VIP level. Limits are another factor varied by customer location. Players in the Single Euro Payments Area (SEPA) are the only countries permitted the use of this product as per a drastic rule change initiated by Paysafe card on November 25, 2016.

Fees

Skrill has never really been one for low fees but the percentages have become higher than ever before since Paysafe took over. Fees are updated a couple of times per year. User is charged for deposits and withdrawals but it’s free to receive money from another Skrill account – at least until they decide to change that too. It is highly recommended that potential customers look over the applicable fees for your region. Casual or occasional users will not benefit from using this payment method. The VIP system is designed to reduce fees for very active accounts.

Available Currencies

Over 40 currencies and cryptocurrencies are at your disposal with Skrill. These are the world’s most widely used currencies, such as USD, the Great Britain pound/sterling, CAD, AUD, Euro and more. 

As far as cryptocurrencies go, you can buy/sell interests in Litecoin, Bitcoin, Tezos, Bitcoin Cash, XLM, EOS, Ox, Dash, Ethereum, Kyber, and Ethereum Classic. The solution expects to expand its list of accepted digital currencies.

Restricted Countries

Skrill currently has a list of Non-Serviced Countries, containing 107 countries, territories and regions in total, but the list is subject to changes. It guarantees that its services are offered to all other countries across the globe.

Among the Non-Serviced Countries, we can mention Northern Korea, Macao, Kosovo, Cape Verde, Antigua and Barbuda, Angola and Benin. 

Helpful Links

Skrill Official Website

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