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Skrill

Skrill

Previously known as Moneybookers, Skrill is an online payment service that can be used to send and receive money online and make and accept payments for online purchases.

This Skrill review will focus on its usability as it relates to making deposits and withdrawals to play poker online for money.

Fees

The following information is for U.S. customers operating with the US Dollar.  For fees related to other countries and currencies, visit Skrill's fee page.  

For transactions involving currency conversion, in addition to the wholesale exchange rateSkrill charges a fee of between 2.99% and 4.99% depending on the currencies involved. 

Where possible players should keep their Skrill account currency in the same currency as their poker balances to avoid exchange rate fees.  Some poker sites, such as PokerStars, allow currency conversion in their clients at market rates with no fees.

Currency conversion fees are waived for Skrill VIP's.  VIP status is awarded to members transacting at least 6,000 EUR in any rolling 3-month period, i.e. at least 2,000 EUR per month.  

Uploading Funds

Uploading Funds

Bank Transfer

Free

Automated Clearing House (ACH)

Free

Visa

2.90%

MasterCard

2.90%

PaySafeCard

4.95%

 

Within Skrill

Within Skrill Account

Send Money

1% (Max $10)

Receiving Money

Free

Transfers with Merchants

Free

Paying at an Online Shop

Free

Skrill accounts are free for personal use as long as the user logs in or makes a transaction at least every 12 months.  If they do not, a service fee of EUR 1.00 or equivalent will be deducted monthly from the account funds.  

Withdrawing Funds

Withdrawing Funds

Automated Clearing House (ACH) Payments

$4.99

Skrill Prepaid MasterCard:

 

        Annual Fee

$12.83

        ATM cash withdrawals

$2.31

        Making Purchases

Free

Skrill Player Reviews and Comments

Cashouts from poker sites to Skrill typically take 3-5 business days.  Shown below are some user comments regarding cashouts with Skrill.

Usually less than 72 hours if you use Skrill (Moneybookers), Neteller or bankwire.

Posted by 'Tendencies' on the 2+2 ForumsView post 

I use Moneybookers and it's taking about a week.

Posted by 'seasalt' on the 2+2 ForumsView post 

Security - Is Skrill Safe? 

The use of eWallets such as Skrill is popular among online poker players as they don't require you to share your actual bank account information with poker sites, and don't create a "paper trail" of gambling transactions.  

This affords grinders an extra level of security and privacy, especially beneficial in countries where the legality and taxation of online poker is a gray area.  When paying with Skrill, card and bank details are never revealed to the other party. 

Skrill's encryption and data security, operating under the highest standards of the Payments Card Industry Data Security Standards (PCI-DSS Level 1), makes information unreadable if someone tries to steal it.  

Skrill Deposit Option PokerStars

Skrill are licensed under the Electronics Money Regulations 2011 and are authorized by the Financial Conduct Authority.  

How to Use Skrill

Skrill is available in all major countries and currencies and is accepted by all major online poker sites.  

However, residents of the U.S. - and Canada, since January 2014 - cannot use Skrill for gambling transactions. Americans grinding abroad can use Skrill after verifying a non-US address. 

To get started, visit Skrill's website.