Skrill is a third party payment service that was previously known as Moneybookers. Established in 2001, it was one of the most popular payment processing services in the world, rivaling other payment systems throughout the first decade of the millennium. The company sets itself apart from other payment services by keeping user information totally confidential, even when used to fund online casino accounts. Users are also assured of a totally safe and secure payment and withdrawal process, with a security question used to access accounts instead of the more common password method.
Top South African Skrill Casinos
Skrill has been in the business of facilitating digital payments since 2001. Formerly known as Moneybookers, the company is based in London. Over the years, Skrill has earned the trust of thousands of clients from all over the world with its secure payment platform and world-class service. Although the company supports most any type of transaction, it has become the de facto service for performing payment and withdrawal transactions for the online gambling industry. With its global scope and years of quality service, the company is ideally positioned to provide for the needs of the growing international community of online casino gamers, all of whom are looking for a safe, secure, and trustworthy payment platform.
In addition to its London headquarters, Skrill also maintains offices in several key cities in Europe and the United States. A global firm in every sense of the word, Skrill is staffed by more than 500 employees comprising people from 30 different countries from around the world.
Using Skrill in South Africa
South African players will find Skrill to be ideally suited to online casino gaming. Signing up for a Skrill account is fast and easy, and all that is required are a valid email address, an accepted payment method, and some personal information. A number of methods for funding accounts are supported, including credit cards, prepaid cards, and ewallet services.
Skrill supports a full range of services that can be utilized in affiliated online casinos, including making deposits to player accounts and withdrawing winnings and bonuses. Depositing funds to a Skrill account is free of charge if the transaction is done via bank transfer. When funding accounts via debit cards or credit cards, a fee of up to 37 ZAR may be charged. For withdrawals, the fee per transaction is 60 ZAR. Although this may seem costly, it is still a more reasonable fee than that charged by other ewallet services for similar transactions.
The good news is that Skrill’s popularity makes it an accepted payment platform for many of the top online casinos. Players who use Skrill are also assured of a safe and secure platform with which to make deposits to their online casino accounts or to withdraw their winnings.
How to Fund Your Skrill Account
Funding a Skrill account can be done via any one of several methods. The most common methods are:
- Credit cards
- Debit cards
- Bank transfers
Funds may also be transferred into your account by a friend or family member with an existing Skrill account.
There is no fee charged for depositing into a Skrill account via bank transfer, and there are no deposit limits as well. Any number of deposits can be made, and the money will be available in the account three to five days after making the deposit.
There is a limit for deposits made via debits or credit cards however, with customers allowed to deposit a maximum of about 40,500 ZAR. In addition, there will be a 1.9% charge for such transactions. Unlike bank transfers however, the funds will be available in the account immediately.
Keep in mind that when making deposits via bank transfer or a credit card, you may only use a bank account or card that is in your name.
How to Deposit Using Skrill
Depositing funds into an online gambling account is as about as simple as it could get. In most cases, players will not even be required to provide their account number. After you have verified that the casino in question does accept Skrill as a payment service, you will be asked to provide the following:
- An email address that is linked to your Skrill account
- The amount that you wish to deposit
Keep in mind that some casinos may have Skrill listed under its former name “Moneybookers”.
Some sites may require you to provide your Skrill password in addition to a six-digit code. Alternately, you may simply be asked to answer a security question. After successfully completing this stage, the funds will be deposited into your account.
How to Withdraw Using Skrill
Earnings from online gambling sites may also be withdrawn via a number of different methods. Most players opt for a bank transfer, which places the money directly into their bank account within three to five banking days. Some players also have the option to withdraw the funds and have them deposited into their Visa accounts or into a prepaid MasterCard.
When making a withdrawal for the first time, players are typically sent two emails: one to confirm the withdrawal request and another to confirm that the withdrawal has been processed.
Skrill Costs and Timing
No annual or monthly fees are charged for maintaining a Skrill account as long:
a) The account in question isn’t dormant for a year or longer
b) It is a personal or non-business account
If you haven’t logged into your account or performed any transactions within a 12-month period, a service fee of 13 ZAR will be charged to the account for as long as the balance is positive.
Nominal fees will be charged for withdrawal, with the amount for the different withdrawal methods as follows:
- Skrill card withdrawals (via ATM): 1.75%.
- Bank withdrawals to primary bank accounts: 74 ZAR
- Bank withdrawals to secondary bank accounts: up to 74 ZAR
- Credit card or debit card withdrawals: 7.5%.
The processing time for withdrawals will also vary depending on the withdrawal method used.
- Skrill Card withdrawals (via ATM): immediate
- Bank wire withdrawals: two to five banking days
- VISA withdrawals: up to 7 days