Casino payments – Skrill UK
What is Skrill UK?
Skrill UK is an e-wallet payment method that is very similar in nature to PayPal. The service was first created in 2011 under its original name Moneybookers, before being rebranded to Skrill. Based in London, Skrill is now responsible for hundreds of millions of pounds worth of transactional activity every year. The concept behind Skrill UK is to make internet transactions easier, cheaper and more secure.
Essentially, Skrill UK acts as a middle man between the customer and the vendor. In doing so, they take a percentage and/or a fixed fee for each transaction that is made. One of the key benefits to using Skrill UK over a traditional Visa or MasterCard is its sheer speed. For example, when withdrawing funds out of a gambling account, Skrill UK withdrawals can often take just a few hours, as opposed to days.
In our Skrill UK casino payments guide, we are going to cover the most pertinent points.
How does Skrill work?
The first step to using Skrill UK is to open an account. You will initially need to go through a basic KYC process, which will require you to enter your personal information, such as your full name, registered address, date of birth and telephone number. Next, you will need to add a payment method so that you can fund your Skrill UK account.
There are a few options available to you, however the easiest way is to link your debit/credit card. This way, you can engage in instant deposits. However, it is important to note that you will need to verify the payment method that you link to your Skrill account.
If using a debit/credit card, Skrill will debit a very small amount from your account, and then you will be required to enter the exact amount they took. Once you perform their basic verification steps, you will have your account limits lifted.
Once you have funded your Skrill UK account, you can then deposit funds at any online casino that accepts Skrill as a payment method.
How can I deposit with Skrill?
Before attempting to fund your casino account, it is important to first check a couple of things. You not only need to make sure that the online casino accepts Skrill as a payment method, but if you are planning to take advantage of a sign-up bonus, you need to make sure that Skrill payments are eligible. The reason we mention this is that some online casinos specify that they will only accept certain payment methods with respect to bonuses and promotions.
Nevertheless, to deposit using Skrill UK, you will initially need to go to the online casino’s deposit page and select Skrill. Next, you will be asked to securely log-in to your Skrill account, via the casino.
Once you are logged in to Skrill, you will be asked to confirm the deposit amount and the name of the vendor. If you do not have enough funds in your Skrill account to cover the amount you want to deposit, then you also have the option to make an instant deposit. You can only do this if you are using a debit/credit card and you have previously verified the card.
Once you confirm the transaction, you will be automatically taken back to the online casino. Your deposit should be instantly credited. In most cases, if not all, Skrill UK deposits are free.
How do I withdraw funds via Skrill?
Choosing an e-wallet such as Skrill UK to withdraw funds is an excellent idea, not least because it is without a doubt the fastest way to receive your winnings. Although withdrawal times vary between online casinos, in most cases you can expect to receive your winnings in a few hours. This is in stark contrast to using a traditional debit/credit card, which normally takes 3-5 working days before the funds are in your account.
Once the funds reach your Skrill UK account, you can then withdraw them back to your UK bank account or alternatively, back to your debit/credit card. However, it is important to note that bank withdrawals cost the GBP equivalent of 5.50 EUR, and card withdrawals cost 7%.
Skrill UK – Pros and Cons
- Ultra-fast deposits
- Casino withdrawals usually take a few hours
- No need to enter financial information at each casino
- Good number of online casinos accept Skrill
- Withdrawal fees back out of Skrill slightly expensive
- Have to initially verify identity and payment method on Skrill
Best Skrill UK Casino Promotions and Offers
Although PayPal is a company significantly larger than Skrill, you may be surprised to learn that more UK online casinos accept the latter. That’s good news if you are planning to open a Skrill UK account. Whilst the entire list of Skrill-accepting online casinos is beyond the remit of this review, here are some of the most notable offers currently available.
Being one of the largest land-based and online casino platforms in the UK market, William Hill need no introduction. Their casino department is of significant size, covering everything from slots, table games, live dealers, bingo and virtual games. By depositing with Skrill UK, new players are offered a highly lucrative 100% matched buy in bonus up to £300. Wagering requirements are set at 40x.
Much like William Hill, Ladbrokes are also one of the largest UK based casinos with a presence both online and offline. They have an excellent suite of casino games available and of course, they accept Skrill UK. By registering an account for the very first time, Ladbrokes offers new customers a ‘Bet £10 Get £50’ promotion. Wagering requirements are set at 40x.
Although based in Ireland, Paddy Power are part of the ‘Big 5’ bookmakers in the UK. They are well known for offering excellent promotions for both new and existing players. In terms of the welcome bonus offered by Paddy Power, players are offered a ‘Bet £10, Get £50’ package, which also includes 30 free spins. Wagering requirements are set at 50x.