Anyone who is familiar with real-money online gambling has surely heard of the online payment processing company known as Skrill, or at least by its former name, Moneybookers. Skrill poker payments have been always been popular among players looking to deposit and withdrawal at their favorite iGaming websites. Since expanding its services into the regulated US market, Skrill has quickly risen among the ranks to the #1 spot among eWallets used for internet gaming purposes.
A Reputation Built on Trust & Perseverance
Moneybookers was incorporated in 2001 and launched its electronic payment services in April 2002, drawing nearly 2 million users in its first year and a half of business. For the next few years, Moneybookers and Neteller were the top online payment processors for iGaming enthusiasts around the world. When the UIGEA was passed in the US, however, things got rocky for both online payment services.
Moneybookers was acquired by Investcorp Technology Partners in 2007 for €105 million—a mere fraction of its worth today. By focusing on marketing to the eastern hemisphere, the company was able to rise back up. The company also spent two years, from 2011-2013, rebranding itself under the new name, Skrill.
In December 2013, based on nascent US regulatory laws, Skrill made the calculated decision to abandon the Canadian iGaming market in favor of servicing American online poker sites. As such, Skrill poker deposits are no longer available in Canada, but some US regulated online poker sites have integrated this popular online payment method.
To date, Skrill has a database of over 36 million satisfied customers across 200 countries, providing fund transfers in 40 currencies. Based in the UK, the company is registered as a Money Service Business with Her Majesty’s Revenue and Customs, and is regulated by the Financial Conduct Authority. Skrill is currently in the process of being acquired by another esteemed company, Optimal Payments Plc, the parent of its longtime rival, Neteller.
Skrill Poker Deposits
Opening an account with Skrill is quick, painless and, best of all, free. Once the account is established, users can fund their Skrill account via direct bank transfer or credit/debit card, among other regionally restricted payment methods. In most countries, by linking a Skrill account to your bank account, funds can be transferred directly to a poker site without having to transfer them to Skrill first.
To make a deposit, log-in to your account at any poker site that displays the Skrill logo. Go to the Cashier section, choose Deposit and then select Skrill from the available options. From there, you will be asked to select your currency and the amount of the deposit. Press Submit and a new window will open asking you to login to your Skrill account.
From here, you will select how to fund the payment (from Skrill account, bank account, credit/debit card, etc.). Follow the rest of the instructions and your Skrill poker deposit will become instantly available for use at the poker site.
Skrill Poker Withdrawals
Unlike some deposit options, Skrill also allows players to process withdrawals back into the eWallet. To make a Skrill poker withdrawal, login to the poker site, visit the Cashier and choose Withdrawal / Cashout. From the menu of available options, select Skrill, then input the amount to withdrawal and follow the instructions.
Skrill poker withdrawals take approximately 24 hours to appear in the user’s Skrill account, but will not actually be processed until the poker site approves the cash out. This is standard procedure and usually, takes 24-48 hours. Check the poker site’s withdrawal policy (found in the T&C) for a specific cashout timeframe.
Fees Associated with a Skrill Personal Account
Because Skrill offers its services to so many countries, in so many currencies, there are different fees associated with specific regions. However, being such a large and well-established online payment processor, the fees are kept to a minimum, and many services are absolutely free.
In the US, loading your Skrill account via ACH or bank transfer is free. Loading with a credit/debit card costs 1%, capped at $10. Receiving money is always free, and transferring funds from Skrill via ACH to your bank costs a flat fee of $4.99.
Please refer to the Skrill Personal Account Fees web page for specific fees in your country.