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Skrill is one of the most popular payment methods used at online casinos. Like Paypal and Neteller, it is an e-wallet.

Not only does Skrill keep your bank information separate from online casinos and other sites, but it also functions with real time, instant transactions. That's why many players opt for Skrill and other e-wallets when it comes to banking at online casinos.

To facilitate mobile payments, Skrill has also developed Skrill 1 Tap, which gives users a simple interface to conduct mobile transactions that's backed with the same first class security of regular Skrill transactions.

In this Skrill review, we will talk about how it works, the fees involved and other things players in Canada should know when using Skrill as a payment method.

Skrill was founded in 2001, originally under the name of Moneybookers in the UK. Over the years, it became a popular payment gateway on several platforms including Facebook, eBay and Skype.

In 2011, Moneybookers rebranded to the name Skrill. Today, Skrill is headquartered in London and is part of the Paysafe group.

How Skrill Works

To get started with Skrill, you will need to sign up for an account on their site, www.skrill.com. If you are planning on mobile casinos exclusively, then you can download their app, Skrill 1 Tap through the link on their site, from the App Store or from Google Play.

Then you will need to fund your Skrill account. This can be done with a Paysafe voucher, a credit or debit card, Neteller or even Bitcoin if you happen to own some of this cryptocurrency!

When that's done you can make and receive payments with your Skrill wallet. You should also verify your Skrill account to get higher transaction limits, and we will cover the verification process later.

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The number one reason why Skrill is one of the top choices at online casinos is the real time transactions. Deposits and withdrawals are instant. Once the casino has approved your withdrawal request, the money will show up in your Skrill wallet instantly. Compare this with bank transactions that can take another 3 business days, just because the bank needs time to process the payment.

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"For many players who don't have a credit card, or simply don't want to casinos to know their bank information, then banking with a separate e-wallet like Skrill comes with an obvious advantage. Of course, the fact that almost every online casino accepts Skrill is also a big plus. The number of Skrill casinos is impressive and having a Skrill wallet means that you can play at almost any online casino." Chris Webber – Casino Expert

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At the moment, many Canadian online casinos cannot accept deposits made with Skrill or other e-wallets. This is due to changing regulations. That having been said, e-wallets like Skrill are still incredibly useful for players in Canada. This comes mostly in the cashout process.

Many Canadian banks such as CIBC, TD, Nova Scotia, RBC and Santander do not accept online casino payments. You therefore cannot withdraw to your bank account or credit card if you bank with any one of these major banks. In this case, having a Skrill account will come in mighty handy when you need to withdraw your winnings from a casino.

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Skrill is an online wallet, otherwise known as an e-wallet. Other common e-wallets include Paypal and Neteller. Here are some differences between Skrill and other e-wallets and why Skrill might be the best choice for you.

• You can get a Skrill pre-paid Mastercard. That means you can use your Skrill balance in shops offline. Technically it functions like a debit card, with the prestige of a credit card, because although it's Mastercard, it's directly linked to what's available in your Skrill account.
• Skrill has a rewards programme called Knect! You will earn points each time you use Skrill and with those points you can earn rewards.
• There are no fees at all when you use Skrill to send money to an international bank account. This is great if you want to send money to friends or family abroad.
• There are also absolutely no fees when you receive money, whether it's from an online casino or another site.
• Unlike Paypal, you can only make a payment with Skrill if you have the amount in your wallet. This is great for controlling your budget.
• You can use Skrill to buy and sell cryptocurrencies like Bitcoin.

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Skrill Canada Fees

Skrill is a popular e-wallet because of its low fees. While the fees are low, you should still be aware of what they are. Here are the fees for using Skrill.

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Other than meeting the legal requirements against money laundering, which is for everyone's safety, verifying your Skrill account will increase your transaction limits and let you qualify for the Skrill Mastercard. Here's how to verify your Skrill:

• Make sure there is money in your Skrill account. You will need to have made at least 1 deposit into your Skrill. This can be done with a Paysafe voucher, a Neteller transfer, a bank transfer, or with a credit card.
• Go to "Settings" in your Skrill account, and from there go to "Verification"
• Upload photos of the required documents. This will include a photo ID, such as a passport or a driver's licence, and a proof of address from the last 3 months.
• To check if your account has been verified, go to "Settings" in your Skrill account and check under "Limits & Verification"

The verification process at Skrill usually just takes a few minutes. There is Live Chat support if you need help.

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There are numerous Skrill Casinos and having a Skrill account will mean that you can pick from all these choices. Payments with Skrill are always instant.

Many players also love that you can get a Mastercard with Skrill so that the balance can also be used offline at shops in the real world.

When it comes to withdrawals at online casinos, players in Canada would also benefit from an account with Skrill or another e-wallet as most Canadian banks will not take payments from casinos.

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