Many people who enjoy the fun and excitement of online casino gaming are curious to know about casino payment options and whether Skrill and Moneybookers are viable alternatives to Visa or American Express as payment processors. Skrill, which used to be known as Moneybookers, was once accepted around the world; at least it was up until 2008. However, that is when everything changed. Along with some other payment processing options, Skrill has been all but forced out of the US market. That obviously means that it is no longer as popular as it used to be for online casino payments but it is still nonetheless widely used and accepted by online casinos.
As we have already established, Skrill used to operate under the name of Moneybookers. It was founded in the United Kingdom in 2001. As with any other third party payment processors, a Skrill account is obtained by visiting their website where prospective clients then have to register for a Skrill account. The registration of your Skrill account is not difficult and does not cost anything. After entering a few standard details your account will be ready to be loaded with funds.
All the details you enter will be kept completely confidential and will not be available to any other party. Before you can use the account for your casino payments and withdrawals, you first have to deposit cash into your account. Depending upon which country you are in, there are a number of funding sources you can choose from for this purpose, such as credit and debit cards or even, if you prefer, wire transfers. Naturally, you will be able to find out about all the accepted funding sources when you visit the Skrill website.
It is important to understand that, when it comes to casino payment options, Skrill and Moneybookers are not accepted at all casinos as third party payment processors. To determine whether or not the casino of your choice does accept Skrill, you will need to check out the casino’s cashier. It is here you will be able to see for sure whether or not they do. Some of the casino websites make no mention of whether they accept Skrill, so accessing the casino is necessary to know for certain.
Skrill deposits and withdrawals are instant. They assure you of this fact on their website. Any casino that claims there is a waiting period involved should therefore be approached with caution. Those situated in the United States will not be able to use Skrill as their payment processor. This is because Skrill pulled out of the US market when there was a concerted effort to put an end to online gambling.
Like PayPal, Skrill wished to avoid legal headaches and issues with the government and so decided it would be best to simply pull out of the market altogether. That said, there are some excellent online casinos that do still accept Skrill. A good indication of whether a casino does accept Skrill is if they happen to show the Moneybookers logo on their website.