Experts believe that online casinos will take over the gambling industry and become the biggest profit-makers in this sector as early as 2023. Considering the fact that they already have millions of registered players and make up for almost a quarter of the total revenue by the gambling industry, this milestone is not that far away.
There are several factors which managed to convince people to go online and enjoy the casinos, rather than walking to a physical location. The huge selection of quality games which are created by some of the world’s most reputable providers, tons of regular bonuses and promotions, easy access, and the fact that upon registration, players are provided with a certain level of anonymity, thus increasing their security.
But, one of the biggest advantages that these sites have is the numerous accepted payment methods. Online casinos operate globally, so they must make sure they meet the requirements from the players from each part of the world.
Credit/debit cards, Paysafecard, PayPal, and even cryptocurrencies are among these methods. We wanted to provide you with an insight into one popular method that is used all around the world – Skrill. Let’s dive into the topic.
Before we explain how to deposit, withdraw, and what are some of the pros of using Skrill, let’s explain some of the basic things that you need to know about it.
Skrill is an e-wallet provider that enables its users to complete various online payments such as shopping, gaming, but it is most commonly used for deposits and withdrawals at online casinos. The reason for that is because Skrill is fully optimized for online use and makes extremely fast transactions.
Deposits made with this payment method are instant, while withdrawals have a maximum processing time of 24 hours. This means that Skrill is among the fastest and most efficient payment methods at online casinos.
As far as charging fees, Skrill may charge small fees, depending on which payment method you connect this digital wallet with. Additional fees may be charged by the online casinos, which is something that is out of control of the payment method, but that decision varies from one casino site to another.
Before you even think of depositing money with Skrill, you must first register at an online casino. The process of registration is fast and easy; all you have to do is fill out an online application form and provide the online casino with information such as card details.
While some may think that it is not safe to leave this type of information in the online world, you can rest assured knowing that online casinos use the latest security systems to make sure that all players are safe and can enjoy the games to the fullest. The AI software turns all the data into an unbreakable code and makes it impossible for third parties to gain access.
After you register, you link your card and bank account to your Skrill account and you can use the funds to deposit money and play the huge selection of games at these sites.
One thing that you need to remember when using Skrill is that some online casinos’ terms and conditions state that players might not be eligible to claim certain bonuses if they deposit money with this payment method. So, make sure you check what are the casino’s rules before making any further moves.
As far as limits for deposits and withdrawals, that is entirely up to the online casinos’ policies. Every site has a minimum limit, regardless of the payment method you use and the case is no different when using Skrill.
As for maximum limits, some online casinos do not have maximum limits for deposits, but have max limits for withdrawals, while some will put a limit on both activities. As for the number, again, that depends on the online casino that you choose.
All in all, you need to check what are the fees for making transactions at online casinos with this method and what are the minimum and maximum limits. The lower these are, the better it is for you.
One of the biggest pros about Skrill is that you can connect it with pretty much every local or global payment method and use it to make fast transactions at online casinos. As we stated earlier, deposits are instant, while withdrawals will take around 24 hours to be processed, which is faster than a majority of the other accepted payment methods at these sites.
Multi-lingual support, safe and secure wallet, and quick and free setup are also some of the benefits of using Skrill.