Skrill is an e-wallet allowing Singapore players to process their casino deposits and withdrawals safely and quickly. Read our guide to Skrill to learn more about it.
Formerly known as MoneyBookers, Skrill has been providing its services worldwide since 2001. Skrill is an e-wallet which 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 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 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 Singapore.
How to Set up an Skrill Account
Setting up a Skrill account to make online casino deposits is quick and simple. Just follow the steps below to create an account in less than 5 minutes!
Step 1: Go to Skrill’s Homepage and Click ‘Open a Free Account’
Step 2: Choose an Email Address and Account Password
Step 3: Enter Your Full Name and Date of Birth
Step 4: Choose Country & Currency
Step 5: Fill in Your Address
Step 6: Enter Your Phone Number
Step 7: You Will Receive an Email Confirmation, Then Continue to Your New Account
Step 8: Select How You Want to Authenticate Yourself and Top Up Your Account!
Make Deposits with Skrill
To make deposits via Skrill you should visit the cashier’s at the online casino you are registered with. Choose Skrill 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 favourite 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 with Skrill, 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 Singapore you should also go to the cashier’s and choose Skrill 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 made via Skrill. What you should keep in mind is that Skrill charges fees on your money transfers from your bank account or credit card to your Skrill account and vice versa. The fees are charged according to the list given on the Skrill 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 Skrill 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 including Skrill 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 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.
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Advantages of Using Skrill
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 Skrill 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 favourite casino games. Look out for online casinos 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 to fund their accounts on the move.