Skrill is one of the widely used internet-based payment systems in online casinos today. The journey of this giant payment system began in July 2001, where it was first launched in London as Moneybookers. Over the next decade, Moneybookers expanded exponentially registering more than 25 million people and 150 thousand businesses, including E-Commerce sites, online casinos, and trading platforms. In 2011, the company re branded and acquired a new name-Skrill. In 2015, Neteller’s parent company (Optimal Payments) acquired Skrill in a deal that cost the company €1.1 billion.

After this acquisition, Skrill has continued with its growth strategy, which has seen the company register more than 36 million customers from across the world. Currently, Skrill offers payment processing services in 201 countries. Skrill remains headquartered in London, and it has since branched to other sectors such as E-Commerce and trading.

Skrill, initially known as Moneybookers, was designed for the gaming industry, and it continues to specialize in working with online casinos. It remains the best option for players seeking an online payment solution not only for casino play but for general money transfers in other industries.

To use Skrill in online casinos, you will first need to set up a free account with the money transfer service. The process of registering a Skrill account is quite easy, and it will take you a few minutes to complete. Once you set up your account, you will need to fund it before you can use it to make payments to online casinos.

The easiest way to fund your Skrill account is by using your credit card or bank account. There are a host of other funding options that may be available depending on your location. Once your Skrill account is funded, you are ready to start making payments to online casinos.

What are the Advantages of Using Skrill for Your Deposits in Online Casinos?
After credit and debit cards, Skrill ranks in the third position among the most popular ways to pay in gaming websites. But even with its popularity, is Skrill, the best payment option for all players? Here are some advantages of using Skrill for Casino players.

In 2018, Skrill established its crypto gateway for individuals seeking to buy and hold an interest in these currencies. Currently, the Skrill crypto gateway supports Litecoin, Ethereum, and Bitcoin. As a result, players can now use Skrill as a payment option in Casinos that accept these cryptocurrencies.

Skrill is among the most secure e-wallets in the world today. While using Skrill to process your payments, you never get to share your bank information with online casinos. The company also utilizes SSL-encryption to secure payments.

Skrill charges way less than other e-wallets to deposit money to your account, thus allowing players to make huge savings on deposits.

Skrill is yet to match the popularity of credit and debit cards. There’s a chance that your favorite casino doesn’t accept Skrill as a payment option.

Another major drawback of using Skrill as a payment option is that it has high withdrawal fees to debit and credit cards. Withdrawing funds to your card could cost you deposit fees to the tune of 7.5 percent.