Skrill Review - Accepting Online Casinos - Tips and Advice - How to Use
Skrill functions in a similar manner to PayPal, serving as a digital wallet that can be used to pay for online transactions. Money can also be received by Skrill users with their personal data kept invisible during the transaction. Common methods of funding Skrill accounts include credit cards and bank transfers, but the company claims that depending on location, it can handle over 100 different payment methods.
Unlike PayPal, Skrill does not guarantee transactions or mediate disputes over unreceived merchandise. However, the company does promote its anti-fraud efforts, which are of great interest to online casino players. Moneybookers has an excellent reputation for safety and reliability within the online gambling industry, and prospective players should feel confident using it.
Skrill does charge fees for its service, including a standard one percent fee for sending money in EU countries. Receiving money is free in those same countries, however there is a withdrawal charge of 1.80 Euros for credit card and bank transfers and 3.50 Euros for checks. Though the service handles more than 40 different currencies, it also charges a currency conversion fee of 2.99 percent above its wholesale rate as protection against monetary volatility. US citizens can use Skrill for online purchases (including eBay auctions) but not as a payment method for online casinos in most cases.
Using Skrill is a good option when speed and safety are the top priorities. Its fee structure, especially for withdrawals, can make it cumbersome under other circumstances. For players in the UK and other European nations, its worth investigating whether direct credit card transactions or Neteller might be more cost effective options at any given online casino. Players in the US can generally avoid Skrill.