History
Skrill, or Moneybookers, as it was originally known, was founded in 2001 and has since grown tremendously. As of 2010, the company has been ranked as the UK's fastest-growing private equity-backed enterprise. 25 million clients and more than 120,000 businesses were using Moneybookers in 2011; this is a significant increase from 2010.
Moneybookers would rebrand to Skrill in 2013. Ukash, a UK-based digital payment business that also competes in the gambling sector, was bought by Skrill in 2015, which established the company's presence in the country.
How do I use Skrill?
Like PayPal and Neteller, Skrill is an e-wallet service. Set up a free account, and you'll be able to pay using your bank account, credit/debit card, or pre-paid vouchers. You'll be able to begin wagering immediately after these transactions are completed.
Skrill, like other e-wallets, has the advantage that you don't have to give your bank account number to an online casino when making a payment. This can help alleviate some gamers' anxieties that they may be the victim of theft or identity fraud.
Skrill has a few small drawbacks, though. In the first place, it's important to keep in mind that online casinos typically charge fees for both deposits and withdrawals. These might be anything from 1% to 5%.
Secondly, e-wallet deposits like Skrill and Neteller are likely to exclude a player from the casino's welcome bonus package for the first time. When a player deposits money into their casino account without realizing they've violated the terms and conditions, it's a terrible experience for everyone involved. If a player's winnings are deemed invalid by the casino, they may be subject to forfeiture.
Skrill 1-Tap
In order to make your gaming experience even more efficient, smart, and discreet, Skrill has introduced their 1-Tap feature, which allows you to make deposits with just one tap on your tablet or smartphone once you've joined up, deposited, and validated your account.
However, you should probably make sure whether or not the online casino actually allows this, as not all casinos support the feature at the time of writing.
