Skrill for Singapore Casino Players
Skrill is an e-wallet allowing Singapore players to process their casino deposits and withdrawals safely and quickly. Read our guide to learn more about it. Formerly known as MoneyBookers, Skrill has been providing its services worldwide since 2001. Skrill is an e-wallet that links your bank account, credit card, or other banking option with an online casino you play at.
Known for carrying out online transactions in a safe and fast way, Skrill can be your banking method of choice when it comes to playing at online casinos in Singapore. You can use it to fund your online casino account and if you have been lucky enough to win, you can also clear your winnings via Skrill with no worries about the safety of your data and your transactions.
With online gaming still in a legal grey area in Singapore and authorities trying to curb the activities related to it, one of the most important things Singapore players should pay attention to is choosing a convenient banking method. As real money gambling on the internet involves transferring real cash, a banking method of choice needs to be safe above all. Stay with us to find out how to set up a Skrill account and carry out your transactions via it at online casinos in Singapore.
How to Set up an Account
Setting up a Skrill account to make online casino deposits is quick and simple.
Make Deposits with Skrill
To make deposits via Skrill you should visit the cashiers at the online casino you are registered with. Choose it as a payment option and enter a preferred amount. Click on the Next button to log in to your Skrill account and complete your payment via your credit card or bank transfer in SGD. Deposits via Skrill are typically free of charge and they are instantly processed meaning that your funds will be immediately available for wagering on your favorite casino games.
If you want to use a welcome bonus as a new player, you should read the bonus terms and conditions. Keep in mind that Skrill users are not eligible to receive welcome bonuses at certain casinos. On the other hand, a number of casinos treat their players with bonuses when making payments, so these casinos might be a perfect fit your you if you have opted for Skrill as a banking method.
Make Withdrawals with Skrill
To make withdrawals with Skrill at online casinos in Singapore you should also go to the cashier’s and choose the wallet as a banking method. Enter the sum you want to cash out and log in to your Skrill account. When your winnings are transferred to your Skrill account, you can send them to your credit card or your bank account. Just as deposits, withdrawals will be processed quickly and in a safe way.
Fees and Timeframes
Before you start processing your transactions via Skrill, visit the banking section at the online casino Singapore you play at to learn all about fees and timeframes. In most cases, online casinos do not charge fees on transactions. What you should keep in mind is that Skrill charges fees on your money transfers from your bank account or credit card to your account and vice versa. The fees are charged according to the list given on the website and they depend on the banking option you use. For instance, uploading funds via bank transfer and Maestro Card is free of charge while the same transaction via global payment methods such as Visa, MasterCard of American Express comes at a fee between 1.90% and 2.50%. When transferring your funds from your account to your bank account via bank transfer you will be charged a €5.50 fee while transfers to VISA cards are charged 7.50%.
E-wallets are among the most popular banking methods for the fastest transactions. Not only that your funds will be instantly transferred to your casino account when you make deposits but your withdrawals will be also processed quickly though not immediately. In most cases, you will need to wait up to 48 hours for cashouts to be processed, but it is much faster than carrying out transactions via other withdrawal options available. You should also remember that some casinos apply a pending period policy which means that in addition to the time needed for a transaction to be processed you should wait for another 48 hours. If you change your mind and you want to cancel your requested withdrawal, most casinos will allow you to do it and return your money back to your casino account to continue playing.
Best Skrill Casinos for Players from Singapore
Advantages of Playing in Skrill Casinos
One of the biggest advantages when it comes to using Skrill for funding your account and clearing your winnings from it is that it provides you with a certain degree of anonymity while playing at online casinos. What that practically means? Well, as a Singapore player, you don’t have to worry about your bank account or credit card safety while using Skrill for your casino transactions. This is due to the fact that you don’t have to reveal your financial data to the casino you play at as transactions are carried out via your ewallet account. Your Skrill account will be a link between your credit card or bank account and your casino account and all your transactions will be totally protected.
Besides guaranteeing quick and safe transactions and privacy, Skrill also saves your money. It accepts Singapore players who are allowed to use their national currency for processing transactions via this banking option. That’s how you avoid the payment of additional costs such as exchange fees and what’s more, you have more time to spend it playing your favorite casino games. Look out for online casinos in Singapore which give away bonuses to Skrill users and enjoy online gaming to the fullest. Mobile players can also use the Skrill 1-Tap option to fund their accounts on the move.