Skrill Deposits and Cashouts

Skrill provides customers with digital wallets and prepaid debit cards, and they’ve been around since 2001. Originally known as Moneybookers, the company rebranded itself as Skrill in 2013 and has grown their client list to include some of the most successful corporations on the planet.

Online poker rooms often include Skrill as an option for players looking to fund their accounts, and in some cases it can also be used to withdraw money back into the real world. It’s easy to register, simple to use, and has a proven track record.

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How to Open a Skrill Account

Setting up a Skrill account takes under a minute if you’re properly prepared. The first steps involve entering your name and selecting a password. Once this has been accomplished, you’ll need to choose a way to fund your account. The following options are available:

  • VISA
  • MasterCard
  • JCB
  • Discover
  • American Express
  • Your local bank

Once all steps have been completed, you’ll receive an email. In order to finalize the process and officially open an account, you’ll need to click on a link and verify that all details are correct.

Cost of Transactions

Sending money with Skrill isn’t free, and the current charge is 1% of the total transaction (with a maximum of 10 euros). You can also send cash to nations that use alternate forms of money, although you’ll need to take the exchange rate into account. This figure starts at 2.99% for Skrill customers, although reaching higher levels of their VIP program cause the percentage to be lowered.

Depositing Money with Skrill

If the person or company you want to send money to already has a Skrill account, then all you have to do is submit your date of birth (for verification) and the recipient’s email address. The transaction should be executed within seconds, and the person on the receiving end can choose one of the following methods of withdrawal:

  • VISA credit card
  • Prepaid MasterCard debit card
  • Bank account

When you send money to someone who isn’t a Skrill customer, they’ll receive an email informing them of a pending payment. In order to claim it, all they need do is follow a link to set up an account. If a poker room doesn’t list Skrill as an acceptable method of deposit, then don’t persist; find another payment option instead.

Cashouts with Skrill

If you want to withdraw your poker room winnings via Skrill, you need to first check and see that the site includes this as an option. In many cases, the site may only offer Skrill as a method of withdrawal if you first use it to make a deposit. As with any gaming site, always read the fine print.

Poker Rooms that Accept Skrill

Since Skrill is available to residents of 200 counties and in 39 different currencies, you shouldn’t have too many problems using it to fund your online poker account. This is especially true throughout Europe, as the company’s English roots have made it widely accepted on the continent.

American gamblers, however, may find that Skrill isn’t always offered at sites that accept U.S. card players. New Jersey is a notable exception, although residents of any other state are advised to do some careful research before signing up.

VIP Program

Once you join Skrill, you’ll be entered in their VIP program. The more transactions you make within a three-month period, the higher you’ll rise and the more benefits you’ll receive.

Bronze – You’ll need a minimum of 6,000 euros in transactions each month to qualify, which awards the following:

  • Reduced exchange fee rates
  • Daily 250 euro limit on ATM withdrawals
  • Card upload fee of 1.25%

Silver – You’ll need a minimum of 15,000 euros in transactions each month to qualify, which awards the following:

  • Additional reduction to exchange fee rates
  • Daily 500 euro limit on ATM withdrawals
  • No card upload fees
  • Additional multi-currency account

Gold – You’ll need a minimum of 45,000 euros in transactions each month to qualify, which awards the following:

  • Reduced exchange fee rates are once again reduced
  • Daily 2,500 euro limit on ATM withdrawals
  • No bank withdrawal or card upload fees
  • Two multi-currency accounts

Diamond – You’ll need a minimum of 90,000 euros in transactions each month to qualify, which awards the following:

  • 1.75% foreign currency exchange fees
  • Daily 2,500 euro limit on ATM withdrawals
  • No bank withdrawal or card upload fees
  • Three multi-currency accounts

If you live in a country where Skrill is accepted, you’ll find that it works as a solid option for making deposits into your online poker room account. They have over a decade a service and more than 25 million clients, so I feel confident recommending them for all your Internet transaction needs.

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