If to this point you’ve been making transactions at the online casino and haven’t seen the purple rounded-font logo of Skrill, well, that’s soon likely to change. Skrill is already the world’s no. 2 e-wallet provider and the company’s steady moves in the international business sphere show a determination to knock PayPal of its long-held pedestal atop the electronic payment heap. So right now Skrill is no. 2 and trying harder – but are their services worth it for you?
Yes. In 2001, the UK-based company opened for business as Moneybookers, a name that immediately indicates its function, albeit quite generically. Within 10 years, Moneybookers was integrated into Facebook and Skype, gaining in popularity in Europe through these media. In 2011, the company claimed some 70,000 merchant accounts (admittedly small in comparison to PayPal, which had passed the 500,000-mark by that time).
Rebranding to Skrill was announced in 2011, with the makeover complete by ’13. The name is reportedly derived from one of the hundreds of slang terms meaning “money,” though judging by some reactions to the word as posted in the Urban Dictionary online in 2005, the term certainly isn’t in the widest parlance in the English-speaking world.
Casino Canada sure wouldn’t be shocked if another rebranding soon washed over the company: In 2015, a “reverse takeover” by Optimal Payments in March 2015; the company acquired e-wallet provider Neteller the previous year. According to the official company statement at the time, much of the motivation for the takeover was to appeal to a certain gaming market on a certain continent: “[Skrill] Enlarged Group will have an increased customer and geographic diversification, and will be well positioned to capitalise on the expected growth in the North American regulated online gambling market. “
Absolutely. Through its decade-plus of business, the portal has come to resemble the standard more or less based on the Paypal blueprint. Registering with Skrill is simple enough for residents of North America, Europe, Africa and Austrailia, as virtually every major bank is tied in with the Skrill system.
Setting up an account for your first deposit with Skrill is a simple and familiar enough process, and transacting business to/from bank accounts and to/from merchants is just as simple as with PayPal. Withdrawing money from Skrill to your bank account is two clicks’ worth of effort and, while transferring the funds to your bank account will in almost all cases take three business days, Skrill’s automated system keeps the process transparent well better than PayPal: With Skrill, the customer is notified when the transaction begins, when the money has been sent to the bank, and when the bank has notified Skrill that the funds have been received – the money may be with the bank and not yet in your account as part of the normal three-day process, but at very least you are informed that it’s in the bank’s hands.
If you’re already using Paypal, Neteller or some other e-wallet, we’re not sure why, as an online casino player, you wouldn’t switch to Skrill. The truth is that Skrill is currently accepted at far more online casinos than PayPal, particularly for Canadian and U.S. citizens. Skrill also (currently) has fewer hidden charges than PayPal and is more well-known than any non-PayPal e-wallet brand in general.
For playing at the online casino, the reality is that Skrill tops the list of e-wallet solutions and will generally lead the way in U.S. states and Canadian provinces as gambling law steadily liberalizes in those nations; after all, Skrill is already gearing up!