Skrill payment system

Skrill payment system is a popular electronic payment system, which is often used by gamblers. Lots of request like `Skrill: how to use` or `Skrill: is it safe` are searched on the internet daily, so let’s clear the air about the service.

The payment system Skrill was earlier known as the service Moneybookers. It was founded in 2001 in London, Great Britain. Currently it is one of the leading payment systems in the online gaming industry. The Skrill online payment system has the reputation of one of the most well-trusted services for reciprocal payments, because it collaborates only with licensed suppliers of games of chance (online casinos, poker rooms etc.).

The main advantages of the Skrill system

The system does really deserve the status of one of the leading suppliers of financial service online. It has lots of advantages, the most significant of which are the following ones:

1. Low fees. The system is almost free for clients, who have personal accounts. The system does not take a percent from private customers, but from receiver companies.

   If the gambler refills his balance with EUR 1000, he gets exact that amount of money on his account. The fee (EUR 30) will be paid by the gaming establishment, what is very beneficial for the gambler.

   What is more, the system allows to carry out transactions with the help of credit cards and bank accounts. The cash withdrawal is carried out with the help of checks and SWIFT.

2. Work efficiency. The deposit refill in an online casino is carried out immediately. The transmission of money on Visa, MasterCard or a bank account takes a bit more time (no longer as a few hours).
3. Safety. Skrill is stated company (in the UK) that has a license for emission of electronic money. The Activity of Skrill is controlled by the government.
4. Privacy policy. The information, which concerns bank data or details about credit cards, is hidden from the suppliers. The confirmation of payments is carried out only through the e-mail address and the password.
5. The high quality of the support service. The official Skrill website has a round-on-the-hour client support, which helps to deal with any problem connected with the system.

The main disadvantages of the system

Among the disadvantages of the Skrill payment system are the following ones:

• Limits on financial transactions. Skrill determines certain limits on transactions on default. Newcomers can withdraw a maximum sum of EUR 1000 once in 30 days or EUR 2500 once in 90 days. Hereafter users can withdraw bigger sums of money.
• The obligate verification of the account. The Sktill user has to verify his personality before using the system. He can do it with the help of his passport, a utility bill etc. The system may request one of the verification ways or a few at one time. On the other hand, the limits and the obligate verification are precautionary measures to protect the client, so there are both positive and negative aspects.

How to sign up

The sign up process is quite simply and, what is more, it is free of charge. The signing up includes the following steps:

1. First of all, the user should go to the official website of the Skrill Moneybookers system. The resource is available in 14 languages, so there should be no problems with understanding.
2. The user has to search for the button Free Account on the home page. Clicking on it will open the registration form.
3. After typing in the e-mail address and creating a safe password, the button Next should be pressed.
4. On the next page the user needs to type in the first and last name and the date of birth.
5. The next step is to choose the country of living and the currency (Skrill allows to choose from 40 different currencies, people from 242 countries can use the service).
6. On the next page the home address, city and postcode have to be typed in.
7. The last step is to type in the phone number and confirm the acquaintance with the rules.

The supporting of the account is free of charge in case the user fulfils at least one payment in a year. If not, the system withdraws 1 EUR a month until the account has a negative balance. After that, the account is locked.

How to refill the Skrill balance

There are two ways of refilling once balance on Skrill:

• One can use a credit card (VISA, MasterCard, Maestro). The credit card has to be attached to the private account, this an obligate condition. The fee makes 1,9%-2,5% of the whole sum. 
• Swift transfer. The transaction through Swift can take 3-5 days, but it includes no fee.  

How to withdraw money from Skrill

Moneybookers offers three ways of withdrawing and cashing in of money:

1. The Visa card. The limit makes EUR 500 and the fee – EUR 3,5. The credit card has to be attached to the private account on Skrill. Also, a minimal sum of money is withdrawn for the verification;
2. The bank account. Before withdrawing money this way, the user has to be sure that the bank is an official partner of Skrill. The fee makes up to EUR 2,5;
3. The Skrill Prepaid MasterCard. The minimal limit makes EUR 250 for newcomers and the fee makes EUR 1,8. There’s only one prerequisite: the user has to be a VIP in the system.

Why one should pick Skrill

The most frequent made question is `why Skrill`? There are lots of online payment systems out there. Why should the users pick this one? Well, Skrill Moneybookers has its advantages.

Skrill offers the unique opportunity to become a VIP member of the system, which has certain advantages: VIP’s have no fees to pay and can withdraw their money for free. What is more, Skrill allows to use a few accounts, what means that the user can use a few bank cards.

Other privileges of the VIP status are the following ones:

• A higher safety level;
• A guaranteed return of money in case a third person gets access to the account;
• An improved client support;
• Bonuses;
• The possibility of getting a Skrill Prepaid MasterCard.

To get the status of a VIP on Skrill, the user has to use the account on the service regular.

The system foresees four types of statuses:

• The Bronze status (foresees more than EUR 6000 in a quarter);
• The Silver status (foresees more than EUR 15000 in a quarter);
• The Golden status (foresees more than EUR 45000 in a quarter);
• The Diamond status (EUR 90000 in a quarter and more).

Go to the Payment Systems page to find out more options.