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Skrill formally known as Moneybookers has been around for a while but is not as well-known as some of the other online payment processors. Paypal came up in the ranks through eBay whereas Skrill became popular from online gaming. They have always been one of the best to use for deposits and withdrawals on online gaming sites for bingo, poker or casinos. They are generally accepted on most gaming websites.
When making a deposit on a new bingo site the money will transfer instantly so you can start playing right away.
Withdrawls are very fast, I’ve withdrawn funds from a site and had back into my skrill balance on the same day. Withdrawals to your personal bank account from Skrill are also fast, I’ve had funds transferred to my bank within 2 days.
There are several methods you can transfer funds to your skrill account but most of them will incur some kind of fee.
Sometimes you will be flagged by security and have to send various documents to prove your identity and banking information. This can be a pain but it’s something they have to do by law.
Skrill, formerly known as MoneyBookers is an online ewallet service provider. It can be used to store money online that can be used to make payments. You can use Skrill to make payments in Skrill bingo sites. You can use Skrill to send and receive money from friends and family as well.
You have to sign up for an account with the company, then you’ll be required to verify that account using one of the three methods: physical account verification, verification by credit card, and verification by bank account. By verifying your account, you increase your transfer amount limit so that you are able to transact higher amounts. You achieve the highest amount limit if you verify all the three—credit card, physical address and bank account. Skrill used to be called Moneybookers but changed name in September 2011.
You can use Skrill in Skrill bingo sites to make or receive payments. You can even use it to make payments in sports-betting sites, poker rooms, online casinos and other online merchants. So when you’ve worn a bingo prize money, you can receive the money through your Skrill account. Simply pick Skrill as your payment means from the bingo site transaction screen. When you are done playing at your favorite bingo site and want to make a withdrawal, you can have the money sent directly to your Skrill account.
Other companies that can be used for bingo sites transactions are NETeller and PayPal, but when it comes to currency conversion, Skrill comes out the best. PayPal and NETeller are charged more for currency conversion, with the cost of conversion and border fees ranging from 2.9 to as high as 8.9%. Skrill users pay just 1.99%.
When it comes to transaction fees, Skrill charges 1.80 Euro for withdrawing cash, but PayPal comes out the best by offering free withdrawals. NETeller charges 7.5 Euro for withdrawing cash.