The online slots space is now jam-packed with supported methods. Whether you are looking to deposit funds with a debit/credit card, PayPal, Paysafecard, or even with your mobile phone credit, you will likely find a platform that supported it. However, one of the most popular payment methods that appears to be growing in popularity is Skrill. In fact, most UK slot casinos now allow you to deposit and withdraw funds using Skrill.
If you have never used Skrill before, or you are unsure as to how to deposit process works at an online casino, we have covered everything you need to know in our comprehensive guide. We will discuss all of the important factors related to registration, fees, security, withdrawal timeframes, and more.
Before we delve into the fundamentals, let us quickly explore how Skrill actually works.
How does Skrill work?
Skrill is an online e-wallet provider that is often regarded as the Silver to PayPal’s Gold. formerly known as Moneybookers, Skrill was first launched back in 2001. Much like in the case of its PayPal counter, the platform allows you to send and receive money online or via your mobile phone.
The main benefit to using an e-wallet like Skrill is that you only need to register your payment details once. As soon as you are all set up, you can then send and receive funds at the click of a button. Also like PayPal, Skrill is now accepted at hundreds of thousands of online vendors – including that of UK slot casinos.
Interestingly, although PayPal is significantly larger than Skrill, it is the latter than has a bigger presence in the online gambling arena. While it remains to be seen why this is, some commentators argue that there is less red-tape involved when integrating Skrill as a payment source.
Nevertheless, Skrill is available to the vast majority of nation states, and it only takes minutes to open an account. Once you have linked your UK bank account and debit/credit card to the platform, you can then use Skrill at a range of online casinos.
Instead of needing to enter your debit/credit card details when you want to make a deposit, the UK slots casino will simply ask you to enter your Skrill login credentials. As your payment method would have already been set-up with Skrill, you can then process your deposit instantly.
So now that you know how Skrill works, in the next section of our guide we are going to explore how to deposit process works.
How do you deposit funds at a UK slot casino using Skrill?
Much like in the case of any payment methods available in the online casino space, you will initially need to register an account with your chosen slots site. This of course entails the usual process of supplying your name, address, date of birth, telephone number and nationality. You will also need to choose a username and a strong password.
Once your UK slot casino account is open, you will then need to head over to the deposit section of your account. You will likely see an extensive list of supported payment methods. Scroll down the list until you see the Skrill logo. You will need to then specify how much you want to deposit, before confirming the amount.
As you will have noticed, this part of the Skrill deposit process is much the same as using a conventional debit or credit card. However, it is the next part of the process that differs. As you are using a third-party payment processor, insofar that Skrill are facilitating the deposit on behalf of your linked bank account or debit/credit card issuer, you will need to complete the transfer via the Skrill website.
Completing the deposit process
UK slot casinos make this easy for you, as a pop-up window will appear, asking you to enter your Skrill username and password. Once you do, Skrill will then ask you how you want to pay. The options will generally include using your Skrill balance (if applicable), or using one of your linked payment methods (such as your UK bank account or debit/credit card).
As soon as you make your choice, Skrill will process the payment on your behalf. After a few seconds, the pop-up Skrill box will close, and you will be taken back to the original deposit page of your chosen UK slot casino. If the payment was a success, then your account should have been credited instantly.
It is important to note that you can only use a Skrill account to deposit funds that matches the details found on your online casino account. If, for example, your name or address differs, then it is possible that the transaction will be declined. Moreover, some UK slot casinos are even stricter, insofar that they will only accept deposits from a Skrill email address that matched the email address you supplied when you registered with the operator. As frustrating as this might sound, this is to ensure that your personal and financial information is only accessed by you.
So now that we have covered deposits, let us take a look at the all-important withdrawal process.
Withdrawing funds from a slot casino using Skrill
When making considerations about using an unconventional payment method, it is crucial that you first explore the withdrawal process. The reason for this is that although it might be possible to deposit funds into your online casino account, you might not be able to cash out your winnings back to the same method. An example of this is the pay-by-mobile option.
While you can easily deposit funds using your mobile phone credit, the process does not support withdrawals. As such, you would be forced to cash out via another method, such as a cheque or bank wire. Nevertheless, the good news for you is that is it ultra-simple to withdraw your winnings back to your Skrill account. In fact, much like in the case of other e-wallets like PayPal and Neteller, withdrawing funds with Skrill is by far the quickest way to get your money out.
Before we explore how long it takes to receive your winnings when using Skrill, it is important that we first look at the standard process of requesting a withdrawal from a UK slot casino.
Withdraw process at UK slot casinos
If you have never used an online slot casino before, then you should know that the withdrawal process can be a cumbersome one. The reason for this is regulation. As per domestic anti-money laundering regulations, all UK casinos must identity the players it serves. This is to ensure that crime is kept out of their casino, and to ensure that the person requesting the withdrawal is the true owner of the account. In order to achieve this, UK slot casinos will ask you to go through a KYC (know-your-customer) process.
This will consist of you uploading a range of documents to prove your identity. At an absolute minimum this will require you to upload a copy of your passport or driver’s license. In most cases, you will also need to upload a proof of address.
You can do the latter by uploading a copy of a recent bank statement, tax statement, utility bill, or rental agreement. On top of this, some UK slot casinos will ask you to upload a copy of your debit or credit card. However, this last point will not be necessary if you are using Skrill to deposit and withdraw. You will need to complete the above KYC process when you make your first withdrawal request, or within 72 hours of opening your account (whichever comes first).
Essentially, your withdrawal will remain in limbo until the UK slot casino has verified the documents you upload. In most cases, you should expect this to be completed within 24 hours, although some operators might take longer.
Once your identity has been validated, you can then proceed with your withdrawal. Now, if you were to use a traditional debit or credit card, you will typically need to wait in the region of 3-5 days before the funds arrive. This consists of around 24-48 hours for the UK slot casino to process the withdrawal, and then 1-3 days for your card issuer to settle the withdrawal.
While there is nothing that can be done about the bank settlement period, the 24-48 hour processing timeframe is nothing short of ridiculous. However, this prolonged waiting period is because there are stricter regulations surrounding debit/credit card withdrawals. On the contrary, so such barriers exist when you cash out with an e-wallet like Skrill.
As a result, UK slot casinos usually only take around 4-6 hours to process a withdrawal request back to a Skrill account. It gets even better, as once the online casino has processed the withdrawal at their end, it usually only takes a couple of minutes for the funds to show up in your Skrill account.
Therefore, rather than having to wait between 3-5 days when withdrawing funds to a debit or credit card, Skrill usually takes no more than a few hours. This is especially useful if you need to access your gambling winnings urgently.
Transferring money from Skrill to your UK bank account
The next consideration that you need to make when using Skrill to fund your UK casino account is what you do with your winnings once they have been returned to your Skrill account. Fortunately, it is super easy to transfer the funds straight into your UK bank account. When you first set-up your Skrill account, you would have been asked to link your bank account.
In order to do this, Skrill will get you to withdraw a very small amount from your Skrill account back to your bank account, and then you need to confirm the 6-digit number that was attached to the transaction. As such, by the time you get to the point where you can deposit funds into an online slot casino, your bank account link-up would have already been completed.
Skrill withdrawals: Fees and processing times
So, once you have received your winnings back into your Skrill account, you can simply request for the funds to be transferred to your bank. Unfortunately, unlike PayPal withdrawals, you will actually need to pay a fee with Skrill. The fee is fixed in Euros, meaning you will pay the Pound Sterling equivalent of 5.50 EUR. In our view, this is somewhat disappointing, not least because PayPal allow you make a withdrawal for free.
The other important thing to note is that Skrill withdrawals are not instant. Unlike PayPal – which utilises the Faster Payments network, withdrawing funds with your Skrill account can take up to 24 hours. Skrill note that this is because their internal payments team needs to verify the withdrawal request before authorising it.
As a result, if you have access to a PayPal account, and the online casino accepts it, you might be better off using that. However, in a lot of cases, Skrill is preferred over PayPal, meaning you might need to swallow the fees and slower withdrawal timeframe.
On the other hand, you do have the option of obtaining the Skrill pre-paid debit card. Once you have it, you can access the funds held in your Skrill account instantly by simply withdrawing the funds at an ATM.
So now that we have discussed the withdrawal process in-depth, in the next part of our article we are going to look at whether or not Skrill is eligible for claiming bonuses.
Can I still claim a casino bonus if I deposit with Skrill?
One of the best things about the UK slot casinos space is that the industry is now jam-packed with heaps of bonuses and promotions. In fact, if you are yet to open an account with the slot casino in question, it is all-but likely that you will be offered a lucrative welcome package for signing up. This usually consists of a matched deposit bonus, and in some cases, free slot spins.
However, it is important for us to mention that some online casinos are picky about the payment methods they permit. In other words, just because the slot casino supports Skrill as a means to deposit and withdraw funds, this does not necessarily mean that you can use it when claiming a bonus.
Check the terms and conditions
The main reason that some online casinos are picky about allowing you to use Skrill when claiming a welcome package is because e-wallets previously used a conduit for bonus abuse. In other words, people figured out that you could create an unlimited number of online casino accounts using an e-wallet, and in return, getting an unlimited number of welcome bonuses.
This is because unlike Visa and Mastercard debit/credit cards, e-wallets do not have an in-built AVS protocol that allows the operator to verify the identity of the player. As a result, you might find that you cannot deposit funds with Skrill, should you want to take advantage of the welcome offer.
Nevertheless, this viewpoint is not set in stone, as there are still heaps of online casinos that allow you to use Skrill to deposit and withdraw funds, and still claim a welcome package.
The best advice that we can offer you in this respect is to make sure you always check the terms of the welcome package before you make a deposit. If the terms of conditions look long winded, then simply contact the casino via live chat and ask if you can use Skrill when claiming the offer.
Are there any gambling limits when using Skrill?
One of the best things about using Skrill is that the platform does not install any spending limits once you have verified your account. However, it is almost certain that the UK slot casino will place limits on the amount you can deposit and withdraw. This is usually based on a 24-hour period, meaning if you have reached your limit, you need to wait for the limits to refresh the following day.
Nevertheless, while these limits will vary from casino-to-casino, you can usually deposit in the region of £5,000 per day without any issue. Some operators will allow you to deposit even more in a single day, although you will need to check this directly with the casino.
UK slot casinos that accept Skrill: The verdict?
In summary, using Skrill to deposit and withdraw funds at an online slot casino has its pros and cons. On the one hand, Skrill will allow you to deposit funds instantly, and in most cases, free of charge. You will also benefit from added security, insofar that you do not need to enter your financial details into the casinos website. However, the greatest benefit to using Skrill is that you will be accustomed to ultra-fast withdrawals when it comes to cashing out your winnings.
On the other hand, Skrill also comes with its flaws. This largely centres on the fact that you will need to pay the Pound Sterling equivalent of 5.50 EUR every time you want to withdraw funds from your Skrill account back to your bank account. However, for the luxury of getting a same-day withdrawal out of your casino account, this might just be worth it.