Skrill Casinos with Instant Withdrawal (2024)

Skrill is one of the most widespread means of payment nowadays. Casinos are no exception and there are tons of them which will let you deposit or withdraw using it. But just what has made it so popular as to gain the trust of over 40 million registered users worldwide? The following article will answer this very question, by going over every important detail about the payment provider:

Launched in 2001, Skrill is one of the most commonly used e-wallets out there. The company's name was originally Moneybookers, but it changed its name to the shorter and snappier version it is known as today. What's important is that Skrill is owned by Paysafe Limited, a leader in the online payments industry, based in London. The capital of the UK is also considered the capital of financial innovation and that is precisely what Paysafe Limited has to offer to its clients and the users of its payment solutions.

Back to Skrill, it is an e-wallet, and one of the first of these payment methods. How do they work? Pretty simple, you can deposit into your Skrill account and then use it to cash in to the casino of your choice. Once you are done playing and want to cash out, you can receive your money to the e-wallet. There are many advantages to using this kind of payment method with casinos. Firstly, there are some players who might not wish to share their bank information with the casino they are depositing to. They will be able to conceal this by using their Skrill account to cash in. Secondly, the payment provider has a loyalty program, called Knect. When you use the e-wallet, you rack up points for every transaction, which can then be used to redeem exclusive rewards. Some of these rewards are money which can then translate to a couple of extra spins of your favorite slot game. The third reason why players love Skrill is that receiving money to the wallet is free from any charges. This makes their withdrawals free, if the casino does not have fees for cashing out. Speaking of fees, here are the ones which Skrill has:

Skrill Fees and Processing times

The fees with Skrill are listed on its website, in a comprehensive and thorough page, dedicated especially to them. We really appreciate the transparency of the payment provider! Here is a summary of what you would be expected to pay in terms of fees:

These are all of the charges you would normally be expected to cover when using the payment method. We would like to go over the different types of fees above and talk about how they would impact your egaming experience:

• The Deposit fees that Skrill has are for depositing in the e-wallet itself. If you have the option, it is important to do so with either a local bank transfer, or a credit or debit card. That way, there will be no fee applied to the transaction. Fees are applicable for deposits made using Trustly (1.25%) and Paysafe Cash (2.5%). The highest fee of 5% is applied to users of PaysafeCard who deposit to Skrill. Since a lot of casinos accept PaysafeCard, there is no reason not to deposit to them directly! Back to Skrill, these are pretty manageable deposit fees.
• The Withdrawal fees are once again the fees for cashing out of your e-wallet. If you wish to do so, the charges will depend on the method of payment you use to cash out. For instance, if you can use a local bank transfer you will not pay a fee. A fee of 2.49% will be applied to crypto cash out requests, 3.49% for Neteller ones, while the highest fee of 3.99% is reserved for withdrawing to your credit or debit card. The flat fee you see in the table is applied to international wire transfers. These can occur when you are withdrawing to a bank with an address in another country altogether.
• If you wish to send money to a casino via Skrill and if it has a Skrill account, you will have to pay a fee of either 1.55% or 2.99%, depending on your e-wallet account level. That fee is different from the fee you'd have to deal with if the casino has a bank account you can deposit to. Here is what you would owe then:
• Transferring money from your e-wallet to an international bank account, which accounts for most of the deposits you would make with casinos, is completely free. That is a pretty huge advantage. Fees can be applied in domestic payments, though. In the off-chance the casino has a local bank account you are sending money to, Skrill will charge you a 2% fee. That is still reasonable. The higher fees you'd have to pay are reserved for sending money to things like credit cards, but that is simply not something that would happen if you are depositing with a legal entity like a casino.
• The biggest benefit of using Skrill has to be the lack of fees for receiving money. That is what makes the withdrawals from casinos free, as we mentioned above. Additionally, it is very rare for the player to have to pay a withdrawal fee the house charges them too, so this means cashing out via Skrill will likely net you the same amount of money as you are trying to withdraw. The only exception would be when a currency conversion is involved. Here are the fees associated with that:
• Skrill has a 1.5% currency conversion rate between non-Euro FIAT currencies and crypto. In other words, if you are trying to withdraw from a crypto casino to Skrill, you would have to pay the 1.5% tax. The higher, 3.99% fee is reserved for conversions between FIAT currencies. If your casino account is in USD, but you are trying to withdraw to a GBP Skrill account, you would have to pay this fee. To avoid it, look for egaming companies which open accounts in your native currency. We should also mention that you can get around this feature before depositing, by using the Skrill Exchange feature. This allows you to convert some of the balance in your e-wallet to the currency you wish to transfer with, which would then mean you won't incur the charge.
• Lastly, there is an inactivity tax of £5 for Skrill users who have not utilized their account within six months. It is unlikely you'd have to deal with this fee.

Skrill and other payment methods

Here is a quick comparison between Skrill, Mifinity and AstroPay card – two other popular means for depositing with casinos:

Skrill and MiFinity are both e-wallets, and that is why the comparison between them is so close. Both of them have fees of up to about 5% for cashing in, but there are more means of depositing to Skrill which do not incur fees, than there are to Mifinity. On the other hand, it is also available in less countries. Still, with a reach of 131 jurisdictions around the globe, we can safely say that Skrill is likely to be available for any casino enthusiast reading this. Both of the e-wallets lack fees for withdrawing, which is their advantage over other means of payment.

Another interesting comparison that can be made between Skrill and a payment provider is with AstroPay. The latter is another British company, which provides a rather different service. It lets you create an e-wallet account, but you don't deposit directly via it. Instead, you make virtual credit cards you can use. The difference is that there is no fee for topping up their balance, while Skrill charges the deposit fees we mentioned above. On the other hand, while Skrill withdrawals are free, the ones with AstroPay incur a 0.5% charge. The latter is also available in a much smaller number of countries.

Skrill in the news

Skrill has made a lot of headlines during its long time on the market. Here are some of the most interesting, and recent, news about the company:

• Back in 2021, the Norwegian government restricted casinos from accepting money using a variety of payment methods. Among them was Skrill. To this day, Norse players have less options, due to the stricter regulation of their government.
• Skrill is set to launch a special e-gaming wallet for players from Ontario, Canada. This will allows them to cash in and out faster with their favorite casinos and sports betting websites!
• In April 2023, Skrill opted out of its partnership with Binance, the large crypto exchange. The two started working together in 2021, and Skrill was the primary payment processor for Binance on the UK market. This has impacted the exchange pretty massively, as GBP transactions can no longer be processed at the time of writing.

How to deposit with Skrill?

Depositing with Skrill is very simple. Here is a step-by-step guide on how to do that:

• In order to cash in with the e-wallet, you need an account. One can be opened for free from the Skrill website. If you are a mobile user, it would also be good to download the Skrill app, available for IOS and Android in both of the respective app marketplaces. Opening the account itself requires the personal information you would expect – your name and address, an email and a phone number.
• Once you have completed the previous step and have an active account, it is time to deposit to it. That can be done via credit card, bank transfer, or whatever other means of payment that Skrill accepts. The payment provider lets you save the details of your credit card and bank transfer so you can top up your account faster in the future.
• With the funded account, navigate to your casino's deposit page and find Skrill there. Select it and choose how much money you wish to deposit. Then, you simply need to enter your Skrill account information.
• That is all, and you can enjoy your favorite games when the transaction clears. As we said, that should be either instant, or take a couple of seconds at most!

What countries is Skrill available in?

We have mentioned that Skrill is available in 131 countries and territories around the world. This wide range of jurisdictions is one of the many reasons the payment provider is so universally recognized by casinos from all over the globe. Listing them all out would be pointless, but the payment method can be used on every continent.

We should also mention that you can open a Skrill account in various currencies. Of course, you can do so in Euro, USD or GBP. But you can also create one using the Indian Rupee (INR), Bangladeshi Takas – BDT, the Kenyan Shilling (KES), the Vietnamese Dong (VND), or the Mexican Peso (MXN). The full list of currencies that are supported are listed in the official website of the company.