Skrill casino deposit and withdrawal guide

Skrill (formerly Moneybookers) is a secure e-wallet for online payments. Anyone with an email address and a suitable payment method (such as a bank account, or a credit card) can create a Skrill account. You can use Skrill to deposit funds or withdraw winnings from your online casino account securely and quickly, and at a comparatively low cost.

Skrill is supported by most of the leading online casinos, including Royal Panda Casino

As a payment method, Skrill offers the following key advantages:
  • Competitive fees for adding or removing funds.
  • Perform money transactions with websites and online casinos without communicating band or credit card details.
  • Quick and simple to open an account.
  • Available in all major countries and territories (although US customers are prohibited from using their Skrill account for gambling).

How does Skrill work?

As one of the leading e-wallets, Skrill is simple to operate:
  1. Create an account.
  2. Deposit funds in your e-wallet.
  3. Use those funds to top up your online casino account.
  4. Withdraw winnings and other funds from your online casino account.
The following diagram explains how the process of using Skrill for online purchases and casino deposits works.

How Skrill works

Additionally, should you find the transfer limits on your account are too constraining, you can increase your transfer limit.

Operating costs

Skrill’s fees and charges are among the most competitive in the e-wallet market, and payments processing is quick.

Skrill offers several payment options. The costs and estimated time it takes for the transfer to be completed are listed below:

Depositing funds in your Skrill e-wallet

MethodFeeFunds available
Bank transfer Free 2-5 working days
Credit Card 1.90% Instantly
E-wallets Free Instantly

Withdrawing funds from your Skrill e-wallet

MethodFeeFunds deposited
Bank Transfer $2.35 2-5 working days
Visa (selected countries only) $2.35 Instantly
Cheque $4.57 Shipping + clearance time

Sending funds using Skrill

MethodFeeNotes
Bank transfer 1%, up to €0.50 max.
Existing Skrill funds 1%, up to €0.50 max.
Credit card €10 Some credit card companies in some countries may charge an additional fee
Nation-specific payment options Varies Some operators may charge their own fees.

There are some additional charges:
  • Non-business accounts are charged a monthly fee of $1.50. This fee is waived however if the account holder logs in and uses the account to make a transfer during this time.
  • Should a transaction involve currency conversion, then the transfer will be subject to Skrill’s own exchange rates, which are updated throughout the day. A 2.49% fee is also applied.
It is, however, free to receive funds into your Skrill e-wallet account.

Opening an account

Opening a Skrill e-wallet account is simple, quick and free. It takes only a few minutes to complete, and all you need is a valid email address and credit card or bank account.

Here are the steps:

Skrill signup page

  1. visit www.moneybookers.com or www.skrill.com.
  2. Click the sign up button.
  3. Select your country of residence and language, then click the sign up button in the personal account box.
  4. Fill out the form, and click the ‘Accept and create account’ button.
  5. You will now be sent an email asking you to verify the account. Follow the instructions in the email, and the account will be verified.

Adding funds to your Skrill e-wallet

Crediting your Skrill e-wallet is quick and simple to do. For an overview of the costs, please refer to the charts earlier on in this guide.

Skrill deposit funds
  1. Open www.moneybookers.com or www.skrill.com and click the login button
  2. Enter your account details and log in.
  3. Click the Upload Funds button.
  4. Select your payment type (e.g. bank account, credit card, etc).
  5. Follow the on-screen instructions to deposit the desired amount.

Making a deposit using the account on Royal Panda Casino

The big advantage Skrill offers is that it is specifically designed for internet payments. Royal Panda Casino offers Skrill as a payment method for deposits and withdrawals. These are easy to do:

skrill-deposit-at-royal-panda
  1. Visit the Royal Panda website and create an account.
  2. Log in and click on the ‘My account’ option.
  3. Select the ‘Deposit’ tab.
  4. Select ‘Skrill' from the list of payment options.
  5. Choose the amount you wish to deposit in your Royal Panda account, and click the ‘Continue’ button, and go through every step to finally confirm your deposit.
  6. When prompted, log into your Skrill account.
  7. Select one of the payment options available and continue, following the steps closely.
  8. The procedure is simple, intuitive, and secure. Often, the money can be deposited into your Royal Panda account immediately.

Withdrawing funds from Royal Panda using Skrill

Cashing in is easy. As long as there’s enough money in your Royal Panda account to cover the minimum withdrawal amount, you can withdraw your money.


Skrill withdrawal at Royal Panda
  1. Go to the Royal Panda website and log in.
  2. Select  the ‘My account’ option.
  3. Select the ‘Withdraw’ tab.
  4. From the ‘Preferred method of payment’ list, select Skrill.
  5. Enter the amount you wish to withdraw and click ‘Continue’.
  6. In the ‘Skrill email address’ field, enter the email address your Skrill account is registered to.
  7. Tick the box agreeing to the terms and conditions, and click ‘next’.
  8. When prompted, click the ‘withdraw’ button to process the payment.
Should you change your mind and wish to leave the money in your account, you can reverse the withdrawal.
  1. Go to the Royal Panda website and log in.
  2. Select the ‘My account’ option.
  3. Go to the 'Withdraw' tab.
  4. Select the ‘Cancel withdrawal’ button.
  5. Confirm that you wish to reverse. The amount will then be re-credited to your casino account.

Increasing your withdrawal/transaction limit

E-wallet transfer limits can vary from person to person, although generally, Skrill’s are generous.

In the case of unverified accounts, transaction limits may be around €2000 per 90 days, with individual transaction limits of around €1000. Nevertheless, it is possible to significantly increase your transfer limits by verifying key information:

Information to be verifiedTypical duration
Credit/debit card 1 working day (minimum)
Bank account 2-3 working days
Verify your address 2-5 working days

To increase your account’s transfer limits, follow these steps:
  1. Open www.moneybookers.com and click the Login button
  2. Enter your account details and log in.
  3. Click the ‘View limits’ link.
  4. Select the option you wish to use to verify your account, and follow the on-screen instructions.

Skrill VIP

In addition to its regular accounts, Skrill offers a four-tiered VIP loyalty club. This is aimed at customers who use their accounts frequently, and is based on their transaction amounts:
  • Bronze level – transact over €12,000 every six months.
  • Silver level – transact over €30,000 every six months
  • Gold level – transact over €90,000 every six months.
  • Diamond level – transact over €180,000 every six months.
These offer such benefits as lower transaction costs and free prepaid credit cards, along with individual benefits including personal account managers, exclusive promotions and lower foreign exchange fees. 

Skrill – conclusion

Skrill great reputation and competitive fees marks it out as one of the best e-wallet operators.

Not only does this mean it offers quick and secure payments and withdrawals at great prices, it’s also one of the payment methods of choice for major online casinos.

Finally, here are some important facts about Skrill:
  • Offices in London, Great Britain and New York, USA.
  • Service available in all major countries and territories.
  • Customer support include telephone hotline (open 0800-1800 GMT/BST Mon-Sun), email support via website, and FAQ guides.
  • Payments possible via credit/debit cards, bank transfers, checks, and a number of region/country-specific payment methods.
  • Skrill is secure. It is regulated by the UK Financial Services Authority (FSA), and also guarantees payments.
Comments 
 
+1 #2 Jennifer - BOC 2013-02-18 07:14
Hi Smoke,

The transaction limits determine how much money you can send/use through Skrill. So for example, when you have a bronze account, you can send a total amount of €12,000 every six months.

Kind regards,

Jennifer
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0 #1 Smoke 2013-02-15 14:19
Hi I am new to Skrill, I still don't understand what TRANSACTION LIMITS are? Is this some kind of behavior like credit card? If I pay from my limit I need to pay it back? or what? please explain to me.
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