Unraveling Skrill as iGaming’s Payment Solution

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Renowned for its user-friendly functionality and high-security measures, Skrill is an acclaimed choice for both deposit and withdrawal transactions in iGaming domains. The attraction lies not only in no transaction costs for Skrill eWallet users but also in its simplicity and secure framework.

Moreover, with Skrill’s alternate payment modalities, transactions in over 40 global currencies become seamless, facilitating quick localization. Supported currencies for Skrill users include but are not limited to EUR, GBP, USD, AUD, INR, BDT IDR, KES, NPR, MYR, LKR, PKR, PHP, PLN, THB, ZAR, VND

Skrill

Skrill, an electronic Wallet (eWallet) system, is an established and trustworthy option in the online gaming industry’s banking segment. This platform, providing a digital wallet, payment gateway, prepaid card, and Payment Service Provider (PSP) has been operational since 2001. It cater to a global audience by offering a variety of online payment and cash transfer services.

Initially recognized as Moneybookers, Skrill is a subsidiary of the Paysafe Group and is a privately incorporated firm headquartered in London, United Kingdom with an employee force of over 500 spread out globally.

The Skrill’s suite of payment solutions for businesses includes a comprehensive set of features such as a quick checkout process, digital wallet, rapid transfer, and shopping carts. Furthermore, with one single integration, businesses can avail more than 100 local payment methods and handle over 40 currencies from a single location.

Integrating and Functioning with Skrill 

Integrating Skrill into your system is a smooth and hassle-free process that requires a single contract and API, downloadable from the Skrill website. If you are independently setting up a Skrill account and not via a casino software solution provider, you need to apply for a Full Merchant Account to fully utilize their gateway capabilities and manage transactions. Furthermore, Skrill’s processing charges and fees are highly competitive.

As a payment solution provider, Skrill enables the addition of over 100 local payment methods including credit/debit cards, eWallets, direct bank transfers, and a range of other alternative payment methods with options like Visa, Mastercard, Maestro, iDeal, Neteller, Paysafecard, Giropay, and Boku for mobile payment.

Also, Skrill 1-Tap, an add-on feature, simplifies repeated payments as users can execute with a single tap without the need to re-enter Skrill login details (email and password) every time they wish to make a payment.

The Perks of Using Skrill

  • Free and Instantaneous Set-up – Users can establish a free Skrill consumer account in simple steps via the Skrill website.
  • Easy to use as an online casino payment – Users merely need to log in to their casino account, navigate to the cashier, select deposit or withdrawal, choose Skrill, and specify the amount they want to deposit/withdraw
  • Instant deposits and swift withdrawals – Users can instantly deposit into their casino account, with withdrawals also being quite brisk, often processed within 0 – 24 hours on average.
  • No casino fees – Most casinos bear deposit and withdrawal charges associated with users’ Skrill funds transfers.

The Downsides of Using Skrill

  • Limited availability of welcome offers or promotions for deposits made using Skrill – This limitation is intended to curb bonus misuse, fraud and money laundering, and to prevent casinos from needing to charge customers fees for Skrill usage.

Countries Where Skrill is Accessible

Skrill offers its services in over 120 countries, including:

  • United Kingdom
  • France
  • Portugal
  • Poland
  • Spain
  • Netherlands
  • Sweden
  • Ukraine
  • Russian Federation
  • United States

Ensuring Safety and Security with Skrill 

Skrill is a highly secure payment provider that adheres to FCA regulations and is fully PCI compliant. With rigorous anti-fraud and security measures in place, security breaches and payment card theft are effectively prevented. Skrill’s robust fraud and risk management safeguards both businesses and users, ensuring secure transactions.

With protection against chargebacks, businesses can be at ease knowing that all payments are guaranteed.

Quick Facts about Skrill

  • Payment method category – eWallet
  • Supports deposit – Yes
  • Supports withdrawal – Yes
  • Accepts multiple currencies – Yes
  • Effortless integration – Yes
  • Frequently used iGaming regions for Skrill – Europe, particularly the UK