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Now that there are so many different ways to play casino games, it was only a matter of time before we began seeing a host of different ways to pay. Whilst paying by card had always been the norm, the introduction of mobile gaming has brought with it some new player concerns. Security and convenience lie at top of the list. It is these concerns that have created the Pay by skrill casino. At these online casinos, in addition to standard card payments players are able to make payments using the e-wallet Skrill. If Skrill hasn’t reached your radar yet, then this article will give you the lowdown on everything you need to know.
What is Skrill?
We mentioned briefly above that Skrill is an e-wallet. An e-wallet is a secure space online where you can hold your account information, which will then allow you to make payments. Instead of simply entering your card details into the banking portal as you would do normally, you enter your Skrill ID. Then, you’ll be making the payment with the added benefit of Skrill’s secure encryption. Transactions are instantaneous, so you’ll never lose time as a result of playing at a pay by Skrill casino.
What are the Benefits of Playing at a Pay by Skrill Casino?
There are many benefits to signing up to a pay by Skrill casino. Paying with skrill is extremely easy to do. It’s also very quick, which also applies to the withdrawal process. You’ll often find that withdrawals that are refunded back to a Skrill account are processed far quicker than when other methods are used.
A major positive is the increased security that the e-wallet brings to the table. All connections are encrypted, which means you don’t have to simply rely on the encryption portal of the casino that you are using to keep your funds safe. At a pay by Skrill casino, you get some extra peace of mind.
Skrill has an additional service that users can choose to take advantage of. Anyone with an account becomes eligible for a prepaid Skrill Visa card. You can then use this card anywhere that accepts Visa. As the card is prepaid with your own funds, there’s no need to go through a lengthy credit check to assess your suitability. You can even withdraw your casino winnings from a cashpoint using the card, after taking advantage of the quick withdrawal turnaround time.
Are There Any Drawbacks?
Every service has positives and negatives. Skrill is no different. However, the drawbacks are far less than the benefits. One thing that may put players off using the e-wallet is that it limits your choice of online casino. Although many of the industry leaders have decided to become a pay by Skrill casino, others have not yet embraced the technology. So, if your favourite casino does not accept the method then signing up for an account may seem less desirable.
Also, although the wallet gives players more protection than card payments, your details still have to be entered on the internet. Some users prefer to avoid this altogether and as such, opt for a voucher method instead. Although it doesn’t cost anything to pay a Skrill retailer, sending money to another Skrill wallet or an email address will incur a 1% charge.
How Do I Open a Skrill Account?
Opening an account which will allow you to enjoy a pay by Skrill casino is quick and easy. Go the official Skrill site and click on the option to open a free account. You’ll be asked for an email address and password. Then you must enter your name and date of birth. Once you’ve completed this stage, Skrill will ask for the country that you live in and the currency you use. It is important to select the primary currency that you’ll be using, as you won’t be able to change this later and currency conversions will incur a fee. Enter your address and your phone number then you’re done. You officially have a Skrill wallet.
Open your wallet and add a bank card. Then you can transfer funds into the wallet. Upon entering the banking portal of a pay by Skrill casino, select Skrill as your payment method. Then enter your wallet ID and the amount you wish to deposit. Ensure that you have enough in the wallet to cover the deposit amount. Confirm the transaction and you’ll find the funds in your casino account, ready to be used on your favourite game.
Skrill vs PayPal?
Skrill is not the only e-wallet that has become popular in online casinos. Whilst you’ll find may a pay by Skrill casino on the web, you’ll also find many that have begun to accept PayPal too. PayPal has some great advantages, such as the following.
- Universally well-known
- Secure encryption service
- Highly utilised in retail sector
- Instant deposits
- Quick withdrawals
- Free payment transfer
PayPal is well-respected as a peer to peer payment system. The service also has an excellent fraud team to deal with any unaccounted for transactions.
Where it fails to measure up is in its lack of payment card. You can do many things with a PayPal account but you cannot use it to pay at a physical payment terminal, nor can you draw money from it at an ATM. In this case, it falls short of what is offered by Skrill. To collect your winnings in cash with PayPal, you would have to transfer your funds back to your bank card and then collect them from an ATM.
Overall, it’s easy to see why a player would want to begin playing at a pay by Skrill casino. The service’s app can be downloaded onto mobile devices, making it easy to access your account and check your balance regardless of where you are. Deposit limits also tend to be equal to those imposed on a card payment, so you have little to lose by utilising Skrill. If you’re worried about your account being breached as a result of playing at an online casino, we recommend having a look at Skrill. It could be a perfect answer to your problems.
Skrill is one of the most used e-wallets in the world, which will come as no surprise to the millions of users who love this form of depositing at their chosen pay by Skrill casino. It is also currently attempting to make a big push into the European casino market, making it a great choice of e-wallet over other forms of payment such as Neteller and PayPal.
If you have never used Skrill before at a pay by Skrill casino site, then carry on reading to receive the full rundown of all the cool features that you can take advantage of when using this form of payment method to deposit and withdraw cash at your favourite online casino. We’ll also let you know about the disadvantages to using this form of payment so you can make an informed decision about whether this is the right payment method for you!
Advantages to Using a Pay by Skrill Casino
There is a tonne of advantages to using a pay by Skrill casino when it comes to commission and payments, and its main competitor is PayPal, so we’ll be discussing many of the reasons why it is a better payment option to use over this competitor.
First of all, Skrill is offered in nearly double the number of countries that PayPal is offered in as you can find it in 44 countries compared to PayPal’s 22, plus it also has a much better rate with purchases under £2,000 charged at 2.9% and 25p, compared to PayPal’s £1,500 purchase limit with a charge of 3.4% and 20p.
In terms of conversion rates, Skrill sits at roughly 2-5%, while PayPal conversion rates sit between 3-5%. Other monetary figures that are worth noting is that with Skrill, it decreases as purchases increase with 1,9%, plus 25p over £50,000, while PayPal too decreases as purchases increase, but at a much higher rate than PayPal with 2.4% plus 20p over £50,000. These figures show that using a pay by Skrill casino is definitely the way forward if you are a high flyer and deposit a lot of money at your favourite casino, as you obviously want to get the most bang for your buck!
Disadvantages to Using a Pay by Skrill Casino
While there are many advantages to using a pay by Skrill casino, there are a few disadvantages too that you should be aware of before jumping in and getting an account. One of the main disadvantages to Skrill compared to PayPal is that while PayPal lets you transfer money between your PayPal accounts free of charge, Skrill does not and you will have to pay a 5% charge to transfer money between your Skrill accounts.
Overall, we would definitely say that a pay by Skrill casino is the better e-wallet option and you will definitely get the best value from this payment option. It’s cheaper to use and is also a very simple form of payment, meaning you can’t really go too wrong with it, so get depositing today with this payment method to take home a big win!