Skrill 101

What is Skrill

Skrill is an online wallet that specializes predominantly in transactions to online bookmakers, casinos, poker rooms, Forex trading platforms and gaming sites. Previously known as Moneybookers, Skrill was established back in 2001. It was acquired in 2015 by their then main competitor, Optimal Payments Plc, the company behind the NETELLER wallet. Together, they have formed the Paysafe Group.

Although the wallet core focus has always been on quick and secure gaming and gambling transactions, many additional features have been developed with the years to create an all-round wallet experience.

Sending money with Skrill

Whether you like betting on sports events or playing poker, or you're rather into trading, a Skrill wallet allows you to keep your funds at one place and quickly deposit to or withdraw from your favoring site.

With a Skrill account you can also send money to friends and family, with as little as their email address. Check our detailed guide on how to send money to a Skrill account here.

Additionally, Skrill has built further on that, introducing a service allowing wallet users to send money to friends and family’s bank accounts abroad or at home. And this is with no fees involved. For more details on how to send money to a friend's bank account, please check our instructions in this article.

Skrill Prepaid Mastercard

Additionally, Skrill offers a Mastercard issued prepaid card, subject to availability depending on your country of residence. With a prepaid Mastercard you can easily withdraw your winnings at ATMs all over the world. You can also make purchases online or at POS terminals. Find out more about the card limits in our detailed article.

Trading crypto currencies

Last but not least, Skrill has introduced a crypto trading service, allowing its users the chance to buy and sell crypto currencies. As of now, more than 40 crypto currencies are available to trade. Like crypto trading? Check out our guide on the Skrill crypto service.

Pros

Without further ado, let’s get into why a Skrill wallet may be the solution for you.

Skrill’s main advantages are:

• Huge merchant portfolio – whether you’re playing the casino, poker, betting on sports or are involved in any other type of entertainment, Skrill’s got them all. Bet365, PokerStars, FXPro and even Ethiopian Airlines - there are more than 15,000 websites that you can pay using your Skrill account.
• Security – this is a secure wallet that has time and again proven to be reliable. There are numerous risk rules and measures in place that help ensure your account’s safety. Even if at times this would seem like a bit too much, you know you can count on them to keep your funds safe.
• Amazing VIP program – the VIP program offers unique benefits, providing an overall great value for money. Perks for VIPs range from lower fees, additional currencies, up to participating in VIP-specific promotions and exquisite events.
• Last but not least, the Skrill service is FCA-regulated, which means that your rights and obligations as a user are protected under FCA guidelines. You can read more about electronic money institutions such as Skrill, as well as your rights and protections when using such, here.

Cons

• Fees – the fees at Skrill can get rather high at times, which is due to the nature of the business. The gambling world is very specific and the higher risk involved in the industry is unfortunately a factor of the price formation.

Supported languages and currencies