MoneyBookers (or Skrill as its now been renamed) is a hugely popular e-wallet solution – especially in the online casino industry. Its fast, secure and available to use at almost all online casinos. MoneyBookers was originally founded in 2002 and they now boast over 10 million customers.
MoneyBookers (or Skrill) is similar to PayPal and NETeller in that it’s a payment method where you can deposit and transfer funds at online casinos as well as plenty of online merchants and websites. MoneyBookers was so successful that it was bought by Investcorp Technology Partners back in 2007 for £105 million. They rebranded to be known as Skrill in November 2010.
With MoneyBookers, you can transfer money to it from your bank account or from your credit card. From there, you can transfer money to another MoneyBookers account holder or deposit at the online casino of your choice. In terms of where you can use MoneyBookers, you have a choice of over 3,500 merchants.
If you receive funds from another MoneyBookers user, you won’t have to pay any fees. When you deposit into an online casino for example, there are no fees at all. Furthermore, transfers are instant so you can start playing right away. When withdrawing to your bank account, they only charge £1.54 which is very low. If you choose a cheque, expect to be charged £2.99.
As with PayPal, MoneyBookers is extremely easy to use. You will simply just need to provide the email address you used to open to MoneyBookers account in order to deposit or request a cashout. Your email address is the field used as authorisation for all transactions carried out at online casinos.
MoneyBookers/Skrill is very secure – it’s protected by EU and UK law as well as being regulated by the Financial Services Authority (FSA) in the United Kingdom. They were the first e-wallet solution to have this security in place. For their service and product, they have been showered with awards including 12th position in the Deloitte 2010 UK Technology Fast 50 – this is awarded to technology companies in the UK that are the fasting growing. Furthermore, they were awarded the ‘Payments Company of Year 2010’ at the industry’s EGR awards. In The Sunday Times Microsoft Tech Track 100 league table, they were placed 6th.
All in all, MoneyBookers/Skrill is a great e-wallet solution which is quick and very widely accepted. Very popular with slots players, you should look into it as it’s a great way to get withdrawals quickly and securely with very modest fees.