Learn The Basics of Skrill Payments in Online Casinos
Skrill is a leading eWallet payment system used for online casino payments. In this section, we provide an overview of how Skrill came to be, why it is a popular online casino banking method, and the diversity of services that it offers.
Origin of Skrill Payments
Skrill was formed in 2001 and was initially branded as ‘Moneybookers’ before rebranding to Skrill in 2011 after being acquired by Investcorp. Investcorp was investigating ways to grow in the digital payments sector and Moneybookers was an established player in this space. After the acquisition, Skrill expanded its services and increased its user base. During this time it also developed additional e-commerce partnerships, particularly in the online casino space.
Acceptance of Skrill in Global Casino Market
Skrill is a popular payment method in the online casino space and has been embraced by players and casinos alike. Its rise in popularity can be explained by several factors. It offers players a fast and secure way to deposit and withdraw from online casinos which is essential for those who want immediate access to their funds.
By using the latest in encryption technology, Skrill offers the security required in the online gambling world. Skrill transactions are completely anonymous which allows users to withdraw money without needing to share banking information with the casino.
Skrill’s low transaction fees are also a plus. It typically offers lower fees for transactions than other popular payment methods. High rollers can enjoy a loyalty and bonus program, as well as high transaction limits, making it popular among those who want to withdraw or deposit large amounts of money.
Major countries that have green-lit Skrill transactions include the United States, Canada, the United Kingdom, the Netherlands, France, Italy, and Portugal, among others.
Diversity Offered by Skrill
Skrill supports more than 40 currencies and has a global reach in more than 120 countries. It also supports many cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and Litecoin. Association with these cryptos has helped Skrill expand its offerings within the global online gambling payments landscape.
Since Skrill offers widespread support for crypto, you can easily trade a range of currencies within one wallet, making it easy and convenient to manage all your crypto transactions.