Online Gambling With Skrill
The iGaming industry has been thriving for a while now. Canada currently has around 19 million active online casino players, and that number keeps growing. To cater to this crowd and stay relevant in the competitive market, gambling brands invest in quality payment services such as Skrill.
Skrill is a globally-famous payment processor that offers its services online. It’s famous for its accessibility, ease of use, and transaction speed. If these benefits sound appealing, keep reading. The following article explains how this payment method works and discusses the pros and cons of using it at Canadian online casinos.
In the ever-evolving landscape of online casinos, longevity is a rare and precious jewel. Enter JackpotCity online casino, an industry veteran that has not only stood the test of time but has thrived in its 25-year journey, dating back to its inception in 1998.91Top Live CasinoMobile Compatibility
What Is Skrill?
Skrill is a digital payment platform launched in 2001 under the name Moneybookers. It was created by Daniel Klein and Benjamin Kullman, two fintech experts well-versed in the industry. Thanks to their knowledge, entrepreneurial skills, and integrations with other famous brands, the company grew at an unprecedented rate. By 2007, it became one of the top three most-used internet payment systems in Europe.
Although years have passed since its launch, Skrill hasn’t lost popularity. The brand currently boasts over 40 million active users in around 200 countries, including Canada. It received several prizes in the past, including Best Digital Wallet by Juniper Research and Best Online Payments Solution — Consumer, both awarded in 2019.
On top of that, Skrill formed partnerships with numerous successful brands both within and outside of the gambling sector. For instance, it sponsored several seasons of PokerStars and the European Poker Tour, two of the biggest poker events in the world.
Skrill falls under the payment solution category called digital wallets or e-wallets. It’s a money management online platform that allows users to store funds and make transactions online. It’s available for desktop and mobile devices and compatible with various operating systems.
In the online gambling industry, Skrill serves as an intermediary between your casino and bank. Its members connect it to their bank accounts or cards and their online gambling accounts. In that way, all money transfers between the two parties go through this system. Your casino doesn’t have access to your sensitive bank information, and your bank doesn’t have knowledge about your gambling activities. You can enjoy gambling without sacrificing safety or privacy.
How to Set up a Skrill Account
To start using Skrill at online casinos, you’ll have to open an account on this payment platform. The procedure includes several simple steps that take only a few minutes to complete. Here’s what you need to do:
Visit Skrill’s official website.
Find and click on the purple Register button in the upper right corner.
Complete the registration form providing your name, email address, country of residence, and preferred currency.
Check the terms and conditions to learn the rules this payment solution imposes.
Agree to these guidelines and submit your account request.
Open your email inbox and find a message with a verification link from Skrill.
Follow on-page instructions for account activation.
Log in to your account and explore the platform.
Skrill’s KYC Procedure
Most countries maintain strict anti-money laundering and sensitive data protection policies. For Canada, those are imposed by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. To comply with these rules, financial institutions like Skrill must implement KYC (Know Your Customer) procedures.
Skrill’s KYC requirement mandates users to provide proof of their identity, date of birth, address, and nationality. Getting started is as simple as clicking the Verification tab in Settings and following on-screen instructions. The process includes sending a photo of a valid government-issued ID and a selfie and sharing geolocation with the platform. For more information, visit Skrill’s official website.
To be able to make Skrill deposits and withdrawals, you must connect it to your bank account or card. Simply log in to your account and find the Withdraw section. Open the Bank Account drop-down menu, select Add Bank Account, and choose your country. Fill in your bank’s SWIFT, institution, transit, and bank account numbers. Confirm you’re the holder of the account and finish your registration.
The process isn’t much different if you prefer to use your bank card. Open your Skrill account and locate the Withdraw section. Select your card type from the menu and enter the details — number, CVV code, and expiry date. Confirm your request.
Note: You can use your Skrill account without a connected bank account or card. Nevertheless, deposits and payouts won’t be available. You’ll only be able to receive and send money from and to merchants and friends online.
Online Casino Skrill Deposits and Withdrawals
Once you’ve become a Skrill member, there’s nothing stopping you from funding your online gambling account. This payment platform supports deposits and withdrawals. For your convenience, we’ll explain each in the sections below. Take a look, jot down notes, and get ready to play.
Making an online casino deposit using Skrill is relatively straightforward. Follow the steps below, and the money will be in your account in no time.
- Open your Skrill account and find your bank account or card in the Payments menu.
- Enter the amount you want to transfer to Skrill and check the option that allows you to use this money to gamble.
- Confirm your request and wait for the funds to appear in your account.
- Choose an online casino you like and make sure it’s available in Canada and works with Skrill.
- Register an account by providing the necessary personal data.
- Activate your account, log in, and navigate to the Cashier section.
- Browse the available deposit methods list and select Skrill.
- Input the amount you wish to deposit, keeping the terms and conditions of available casino bonuses in mind.
- Go back to Skrill and initiate the deposit.
- Wait for the platform to process your request.
You can head to the gaming library and start playing as soon as the funds appear in your casino account.
If you were lucky enough to land some casino rewards, congratulations! You can cash them out in the following way:
- Navigate to your casino’s Cashier and browse the available withdrawal methods.
- Choose Skrill and enter the amount of money you’d like to cash out.
- Open your Skrill account and approve the withdrawal.
- Wait for the casino to process your request and clear the transaction.
Skrill withdrawals typically clear between one and three working days. However, your overall pending time will depend on your casino’s processing speed and whether you’ve verified your identity. The latter can prolong your withdrawal for a few days, so it’s best to complete the process before withdrawing any of your winnings.
Skrill Fees and Limits at Online Casinos
The fees and limits you’ll be subject to when using Skrill for online gambling depend on your casino and bank. All gambling operators impose limits on their users’ deposits and withdrawals. They vary between sites, but the minimum allowed amounts usually range between $10 and $30, while the maximum reaches several thousand. You can find these details on your casino’s Payments page or learn them from its customer support agents.
The best online gambling sites don’t impose fees on their Skrill transactions, so you’ll likely be able to move your money between your Skrill and casino accounts for free. However, there’s one cost you’ll have to pay. This payment solution charges deposits and withdrawals to and from your bank account. They come up to 2.50% for deposits and 3.49% for withdrawals, depending on your bank and credit or debit card.
Pros and Cons of Using Skrill at Online Casinos
We’ve already established that Skrill is one of the most widely-used e-wallets in the online gambling realm. However, that doesn’t mean it’s without flaws. To help you form a well-informed opinion of this method, we’ve listed its advantages and disadvantages below. Consider each one to decide whether you should use it.
|Wide availability||Transaction fees|
|Ease of use||Limited bonuses|
- Wide availability — As mentioned, Skrill is available in over 200 countries and is extremely popular among casino players. As a result, you’ll find it on the most reputable gambling sites.
- Ease of use — Skrill offers a simple registration process and a neat, sleek website and apps. It boasts a FAQ section with information on everything, from account setup to online gambling. On top of that, the e-wallet has helpful customer service users can reach via phone and live chat.
- Fast transactions — This e-wallet is among the most efficient in the iGaming sector. Its deposits are instantaneous, and its withdrawals take no more than three business days. To speed up the process even more, users can allow 1-Tap payments. This feature lets them skip the login process and make transactions with a single tap.
- Tight security — Skrill employs bank-level security protocols. The company implements detailed KYC and privacy policies to fend off fraud and money laundering. Its 128-bit SSL encryption and VeriSign certification guarantee your personal and financial information will be safe.
- Loyalty program — This platform runs a rewarding point-based loyalty scheme. It consists of three levels users progress through according to their account activity. The higher level they reach, the more valuable rewards they receive. Available incentives include higher limits, lower fees, round-the-clock support, and more.
- Transaction fees — While this payment provider doesn’t charge online transactions, it imposes fees on deposits and withdrawals to and from your bank account. Depending on the amount you’re transferring and whether you need to convert currencies, the cost can be substantial.
- Limited bonuses — Some online gambling platforms feature bonuses and promotions that don’t work with Skrill deposits. So, you might have fewer promotional opportunities if you choose it as your sole funding method.
Skrill is among the top online payment processors in the world. It boasts a long track record, several awards, and over 40 million active users for a reason. Canadian casino players enjoy its simplicity, transaction speed, security, and loyalty programme. If you don’t mind paying some fees or giving up a few bonuses, Skrill might be the perfect option. Find an online casino that accepts it, create an account, and start your gambling adventure.