There are plenty of different online money payment systems to choose from in this day and age, and although most are both secure and safe, there are some out there that you cannot trust. Because of this, you must make sure to do your research when deciding on a system to use. However, if you land on Skrill, then you can rest easy knowing that you are using one of the most reliable and trustworthy payment systems on the market.
Skrill prioritizes their customers’ ability to receive and transfer funds securely and so have measures in place to ensure each customer is satisfied with their transaction. Their payment systems are continually updated so that they can block any potential threats that may emerge, as well as use the highest security encryption technology to provide their customers with a defended experience. We’ve put together a comprehensive review of Skrill so you can make an informed decision on whether or not to try out their services
Skrill Review Overview
- Skrill Overview
- How Skrill ensures your transfers are safe
- How Skrill Works
- Advantages of using Skrill
- Disadvantages of using Skrill
- Skrill's VIP service
- Skrill's Prepaid MasterCard
- Customer Service
- Using Skrill For Online Gambling
- US residents' ability to use Skrill on gambling sites
- US residents' ability to use Skrill on fantasy sports sites
In 2001, Skrill got its start in the United Kingdom as Moneybookers. It was given permission to issue money transfer services electronically in 40 different currencies. Currently, over 36 million people use Skrill, attesting to its trustworthiness.
How Skrill Ensures Your Transfers Are Safe
Skrill does several things to ensure their customers' safety. This includes:
• Requiring that you scan their passport or another form of ID, as well as show proof of address if customers reach a certain limit.
• Requires you to give a thorough account verification before releasing their funds
• Cash deposits are not allowed.
How Skrill Works
Skrill allows you to make international money transfers by using its Skrill Prepaid MasterCard or through a pay and play function. The company charges a 1 percent fee for any funds that are transferred, up to a maximum fee of 10 EUR. Skrill allows you to send funds through several different channels including MasterCard, American Express, Visa, Discover, and JCB.
Advantages of Using Skrill
Skrill is entirely free to sign up and create your digital wallet to send and receive money right away. The company works in real-time, which means you will not wait long to see your funds in the account you want them.
One of the most substantial advantages to utilizing Skrill’s service is that there is no fee associated with withdrawing funds. Additionally, once money has been sent it will be transferred to the wanted destination right away. That being said, in some cases, there may be some delays when withdrawing funds from a local bank, particularly on holidays and weekends. With over forty currencies supported, you take advantage of the flexibility of using CAD, AUD, USD, DKK, NOK, etc.
Disadvantages of Using Skrill
You may experience a hidden charge from exchanging different currencies. For instance, you may find the exchange rate slightly higher than you would other platforms, which thus would make it somewhat more expensive to use.
Additionally, there have been several complaints from consumers that it is an inconvenience that Skrill locks their account in cases where a large sum of money is attempting to be transferred.
Skrill's VIP Service
Those customers that transfer more than 2000 EUR each month have the opportunity to become a VIP member. Joining will allow you to receive excellent benefits such as:
• 100 percent guaranteed safety for your funds
• A personal account manager
• Free withdrawals and deposits
• The ability to earn points for each transaction made, which can go towards exclusive promotions and offers including cash rewards
Skrill's Prepaid MasterCard
Skrill’s prepaid MasterCard is award winning and gives you discounts, as well as 30 percent cash back bonus at some of the most well-known brands. By obtaining one of these cards, you’ll get no cancellation or monthly fees, and won’t be charged an additional fee for using it overseas. It is also available in four currencies—EUR, USD, PLN, and GBP.
How customers are treated is important when evaluating a financial service. When it comes to Skrill, they are known to give their customers the help they need 24/7. Additionally, they have trained representatives that speak 12 different languages, and so customers will be helped no matter what country they reside. There are several ways to contact Skrill including fax, email, phone, and mail.
Using Skrill For Online Gambling
Depositing money on an online gambling site with Skrill is a fast and simple process that doesn’t even require you to know an account number. Once you’ve logged on to your online gambling site of choice, you must head over to the cashier section to ensure that they accept Skrill. Keep in mind that some websites may have it listed under Moneybookers. Once you’ve selected Skrill as your payment method of choice, you must enter the email that is linked to your Skrill account, as well as input the amount that you want to deposit.
Once you’ve completed this, you’ll be directed to your gambling site's security process. They will require your Skrill password, as well as a six-digit code that you must enter. This will ensure that you are not subject to a hacking attempt. Once completed, the funds will be entered into your account.
In the case that you do not have enough funds in your Skrill account to cover the amount you want to deposit, you can add the amount using a debit or credit card that you have previously registered.
The majority of online gambling sites will not charge a fee for using Skrill. Expect withdrawals to take as long as 24 hours to process. Though, in many cases, it will only take a couple of hours.
Can US Residents Use Skrill on Gambling Sites?
As of now, United States players cannot use Skrill on online gambling sites. This is because Skrill removed itself from the US online gambling market once the UIGEA bill was passed to shut most forms of online wagering in the US, not wanting to risk legal trouble with the US government.
Can US Residents Use Skrill on Fantasy Sports Sites?
There are plenty of Fantasy Sports websites that allow US residents to deposit using Skrill. However, keep in mind that when depositing with Skrill, your payout can only be sent to your Skrill wallet.
For those who want a safe and secure means of depositing funds online then Skrill is one of the best options out there. With the advantages of using Skrill and the minimal fees, it is a cost-effective and safe way to send and receive money without giving away your private information.
"Skrill prioritizes their customers’ ability to receive and transfer funds securely and so have measures in place to ensure each customer is satisfied with their transaction. "
- Fast processing
- Safe and secure
- Accounts may be temporarily frozen when depositing large sums of money
- Overcharging potential when exchanging currencies
- Customer Service 90%
- Security 100%
- Ease of Use 100%
- Accessibility 100%