E-wallets are now one of the most convenient methods of processing payments online, with Skrill being one of the most popular platforms in this area. As a result, it comes as little surprise that more and more players at online casino sites are also using Skrill in order to deposit and withdraw funds. The ease of use and security at Skrill makes their platform hugely appealing, with an increasing number of customers based in Canada having signed up over the years. It is estimated that Skrill has around 20 million active users, with this page taking a detailed look at just how this payment method works, along with its advantages and disadvantages. Let’s start by looking at the casino sites offering Skrill today.
Best Skrill Casino Sites
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What is Skrill? A Brief History
Founded back in 2001, Skrill was originally known as MoneyBookers, with the e-commerce organization having been set up to allow money to be transferred online, with a specific emphasis on low-cost international transfers. Since 2015, Skrill is part of the Paysafe Group, who also operate Neteller and Paysafecard. Skrill accounts can be set up using over 40 different currencies, part of the reason as to why they have been able to attract such a large number of customers. In 2018, Skrill also introduced a service that allows users to purchase cryptocurrency using their platform, with a substantial workforce based in their London headquarters helping to look after the 20 million+ Skrill customers.
Skrill Casino Sites in Canada
A significant number of the casino sites available to Canadian players now offer Skrill as a method of payment, perfect for all customers, whether slots, table or live games are your favorites. So, whether it be Jackpot City, LeoVegas or Dream Vegas, be sure to consider Skrill as your preferred method of depositing and withdrawing money.
Pros and Cons of Using Skrill as a Payment Method
There are a number of advantages of using Skrill when it comes to banking at online casino sites, while a few number of negative factors must also be taken into account. Through testing, the following pros and cons surrounding Skrill were unearthed:
- Quick and easy deposits – Payments made using Skrill are both quick and easy to make, with those operating at online casino sites looking forward to instant deposits, while withdrawals also take just a matter of hours to complete in most cases.
- Supports many different currencies – Over 40 different currencies are available with Skrill, while their services are also accessible for those based in over 200 countries.
- Accepted at mostly all Canadian casinos – The fact that the vast majority of online casino sites available to players in Canada now offer Skrill as a method of payment makes it all the more appealing, while this also goes some way to demonstrating just how popular the platform has become.
- Withdrawal processing time is short – Withdrawals made using Skrill with online casino’s are processed in less than 24 hours, which is significantly quicker than many other options, including credit and debit cards.
- Details are protected – The way in which Skrill works means that casino sites will never gain access to your bank details and personal information, adding a layer of security for players.
- Allows transfers of large amount of money – The limits that have been set by Skrill cater well for both beginners and high rollers, while those with significant objectives in mind will certainly not be displeased with what Skrill has to offer.
- Free signup – Those looking to sign up with Skrill can do so without parting with any of their personal funds, making this method of payment all the more appealing.
- Small fee charges might apply – Those using Skrill to deposit and withdraw funds at casino sites may incur some small fees, which will come as a disappointment to some. However, the relatively low amount means that this will not have a significant impact.
- Many casinos don’t offer bonuses to deposits made through Skrill – With a large number of online casino’s offering generous welcome bonuses in an attempt to attract new customers, it is important to ensure that the terms and conditions surrounding such promotions are being met. As such, some sites have made it clear that opening deposits made using Skrill will mean that players are ineligible for their bonus funds.
How Does Skrill Work?
Skrill allows customers to process online payments safely and conveniently, anywhere at any time. Users can both send and receive money both domestically and internationally, directly to bank accounts, mobile platforms or other Skrill accounts, as well as online casinos sites. Skrill customer can also access their funds through a range of card products, including a prepaid Mastercard and virtual cards. The buying and selling of cryptocurrencies is also facilitated by Skrill, with just a name or email address generally being required to process all forms of payment.
How to Open a Skrill Account
Opening a new account with Skrill is an easy and stress-free process, with the following steps having to be taken:
- Enter the Skrill website via desktop or mobile.
- Click or tap on the “Register” option, located in the top-right hand corner of the page.
- Enter the relevant details, including full name, location, email and password.
- Agree to the terms and conditions set by Skrill
- Link your bank account, with Skrill sending a small amount of money in order to help confirm the process.
- Verify your Skrill account by sending photo ID, whether it be a driver’s license or passport.
- You are now ready to take advantage of the services in which Skrill has to offer.
Skrill Fees to Deposit on a Casino Site
While signing up at Skrill is completely free, certain charges will potentially be incurred by those who use the platform to deposit and withdraw funds on casino sites. Deposit fees will vary depending on the method used, with Visa and Mastercard fees sitting at between 1.90% and 2.25%, compared to 3% with Neteller. There is some good news in this area though, with deposits made using bank transfers and Maestro not coming with any fees. In terms of withdrawals, Visa withdrawals at Skrill come with a 7.50% fee, however it does not cost anything when receiving funds from an online casino into your Skrill account directly.
Alternatives to Skrill
For those who are not 100% convinced by the information surrounding Skrill in which you have read on this page, it may be worth considering some of the other e-wallet platforms available to Canadian players today, with the following being among the best options:
Neteller – Also part of the Paysafe Group is Neteller, with the e-money transfer system allowing money to be transferred to and from a variety of merchants, including casino sites. Neteller also offers a prepaid card, with the company having earned an excellent reputation wen it comes to reliability and security since they were established in 1999.
PayPal – PayPal is perhaps the best-known e-wallet platform on the web, with the American organization supporting online money transfers internationally, as well as offering an alternative to the traditional forms of payment.
Paysafecard – Paysafecard, despite not being as popular as other methods of payment online, offers an alternative to Skrill, with users utilizing a voucher, rather than bank account or credit card. Users are able to deposit funds by entering the relevant 16-digit code when on their casino site.
Skrill Casino Bonuses
Unfortunately, many of the terms and conditions surrounding bonuses offered by casino sites mean that qualifying deposits made via Skrill are not eligible. However, this does not mean that Skrill cannot be used afterwards, it may simply mean that qualifying deposits must be made via another payment method. Meanwhile, some casino’s will choose to decrease the bonus amount for those using Skrill, meaning that they cannot claim the total in which others can. Either way, be sure to take this into account before registering and depositing on a new casino site, as you could come away disappointed.
FAQ and Useful Information About Skrill Casino Sites
Be sure to check out our casino review for further information in this area, while casino sites will normally display the payment methods in which they offer too.
Yes, in order to deposit funds to your casino site account, players must link their skrill and bank accounts.
Yes, winnings can be withdrawn using Skrill, before either being spent online or transferred to your bank account.
This will range from casino to casino, with some terms and conditions meaning that the method of payment is unimportant, while others will have certain restrictions in this area.
Deposits made using Skrill are processed instantly, while withdrawals generally take up to 24 hours, however this can be longer on some occasions.
Yes! Despite having not been available for some years, Skrill is now available to players in Canada, and it is completely legal and regulated.
Final Thoughts on Skrill Casino Sites
Skrill has gone from strength to strength over recent years, with an increasing number of casino players using it as their preferred method of banking online. The ease and speed of transactions means that Skrill are likely to continue to attract new customers, especially those based in Canada.
