Updated Updated: July 29, 2020

Skrill

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NZ Operators Accepting Skrill Payments

About Skrill

Skrill has been one of the most popular payment methods among online casino players for quite a long time. This famous e-wallet lets players make swift and secure payments with meagre fees.  

Furthermore, Skrill has become an industry standard, and nowadays, you more or less find this payment method at all leading online casinos. 

So, what are the pros and cons of using Skrill, and how does this payment method work? Here, we’ll answer all these questions and have a look at how Skrill stacks up against other commonly used payment methods.

Services offered by Skrill

Skrill is a way for you to manage money online, they provide you with methods to deposit and withdraw money to websites. It is a quick way to top-up your gambling account. You can also do international money transfers through Skrill, money can be sent to your friends or family using only an email address. The two most relevant products used by gamblers are their digital online wallet and their prepaid Mastercard which is offered from the site.

Skrill was initially known as Moneybookers and is a UK-based e-commerce business that allows payments and transfers made through the internet. In other words, we’re talking about an e-wallet. 

The company launched Moneybookers back in 2001, and the following year, Moneybookers became Europe’s first FCA-regulated e-wallet. From there, the company continued to grow. And after linking up with eBay in the preceding year, Moneybookers was rebranded as Skrill in 2010. The same year, Skrill was ranked as UK’s fastest-growing private-equity-backed company in the Sunday Times Deloitte League Buyout Track 100 table. 

In the following years, Skrill made some significant improvements to its product. The company added payments by invoice and Skrill1-Tap – a single click payment platform that allowed optimal conversion rates and made transactions on mobile super-easy.

Since then, Skrill’s acquired paysafecard and Ukash.

Today, the company manages millions of transactions in more than 200 countries and 40 currencies, making it one of the world’s leading e-wallets. 

How do I use Skrill?

Using Skrill at an online casino NZ is very straightforward, but first and foremost, you need to register an account.
 
To get a Skrill account, you need to visit the Skrill website. It only takes a few seconds to register, and Skrill won’t bore you with excessive questions or tedious processes. All you have to do is state your full name and e-mail address and choose a password. When that’s done, you’ll be good to go. Compared to other e-wallets, the registration process is exceptionally swift and straightforward.

The next obvious step is to deposit money into your Skrill account so that you can start making online payments.

You can transfer money directly from your bank account, use credit or debit cards, or transfer money from any other e-wallet of your choice.

Skrill takes a flat fee of 1% when you deposit funds into your Skrill account, regardless of what payment method you use. Once the money’s in your Skrill account, you’re ready to deposit money into your casino account. 

Sending and receiving money with Skrill

When you deposit money at an online casino with Skrill, there’s a fee of 1.45%. You should also know that the minimum fee is €0.50, which is equivalent to $0.87. 

The fee can amount to some money over time, but on the other hand, there are no charges when you receive payments. In other words, you won’t pay a cent when you withdraw your winnings from your casino account to your Skrill account.

Once the money is in your Skrill account, you can keep it there or withdraw the funds to your bank account, credit or debit card or any other e-wallet. Unfortunately, no option’s free of charge. Here are the rates:

  • Withdrawal to Bank account– flat fee of €5.50.
  • Withdrawal to VISA – 7.5%.
  • Withdrawal to mobile wallet – 1.45% (min. €0.50).
  • ATM withdrawal with Skrill Prepaid Mastercard – 1.75%.

Conversion fees

If you’re playing in a foreign currency, you should know that Skrill takes a flat fee of 3.99% on all transactions involving currency conversion.

We, recommend that you play with a casino that supports NZD. If you don’t, you’ll lose quite some money overtime – money that would be better spent on casino games or betting.

Skrill Casino Bonus

Bonuses are Skrills’ Achilles heel. Unfortunately, it’s not uncommon for casinos to exclude you from bonuses such as free spins on first deposit when you deposit with Skrill. For some reason, deposits made with Skrill often don’t qualify for welcome bonuses. Therefore, we suggest that you always read the bonus terms carefully when you’re thinking of making a payment with Skrill.

Free money transfers

When you transfer money to other Skrill users, there are no fees whatsoever. These money transfers are completely free of charge, as long as the sender and recipient use the same currency. 

If there’s a need for currency conversion, you’ll see a currency conversion rate displayed on the top of the payment request. The rate’s provided independently by Reuters, and Skrill won’t add any additional charges.

Is Skrill safe?

Whenever your transferring money online, safety’s a primary concern. You need to know that your money’s in safe hands and that your payment provider doesn’t cut any corners when it comes to protecting you from fraudulent activities and scams.

Skrill is one of the best payments around. For starters, the company has been FCA-regulated since its inception. The Financial Conduct Authority is a financial regulatory body in the UK operating independently from the UK Government. FCA is financed by charging fees from members of the UK’s financial services industry. 

In a nutshell, FCA regulates financial firms and works to diligently to maintain the integrity of the financial markets in the UK. The FCA oversees roughly around 58, 000 businesses that contribute approximately £65.6 billion in annual tax revenue to the UK economy.

Skrill also has security measures in place to protect its users and services from fraudulent or suspicious activity. The company uses a combination of external and in-house developed security tools to monitor every single payment going through its system. These tools analyze account behavior and research patterns to detect any suspicious activity.

Since Skrill is regulated by the FCA, the company follows the same security requirements as sites used for bank services and share trading. As a user, you’ll feel at ease knowing that all your details and personal information is protected by SSL technology and 128-bit encryption certified by VeriSign – a company owned by the industry-leading cyber-security company Symantec.

Is Skrill a good option for New Zealand casino players?

If you like using e-wallets, Skrill’s undoubtedly one of the best options the online casino market has to offer. 

For starters, the company is FCA-regulated which means this payment method has a very sophisticated security system in place to protect you from scams. Whenever your transferring money online, you want to sleep comfortably at night, knowing your money is safe.

Furthermore, the fees aren’t too bad. We obviously can’t look away from that the flat fees associated with depositing funds and withdrawing money can amount over time. But, in the greater scheme of things, Skrill’s rates aren’t too bad. 

If we compare the fees with the ones associated with Visa or Mastercard, Skrill might even be cheaper.

Usually, you pay fees of around 1.55% every time you use a credit card at an online casino. With Skrill, the fee is 1.45%, and there’s no fee when you withdraw money to your Skrill account.

What can be a hefty cost is the fixed fee of €5.50 for bank withdrawals, but that cost is relative to how much you withdraw. As a general rule, it would be wise not to withdraw smaller amounts.

Another thing to keep in mind is that this payment method operates in more than 200 countries and 40 different currencies. Chances are, you’ll be able to make purchases online directly with your Skrill account, thus avoiding the withdrawal fees.

Last but not least, we have the aspect of accessibility. Skrill is one of the most common payment methods in the online casino industry, and therefore you’ll hardly ever be restricted in choosing a casino if you use Skrill. In summary, few payment options can beat Skrill, unless you opt for direct bank transfers perhaps.  

✅Find a  minimum deposit casino NZ that accept Skrill payments

Skrill FAQ

Skrill is free of charge as long as you login or make a transaction at least every 12 months. If you’re inactive for more than a year, Skill will deduct €0.50 from your account every month. Make sure to log in every now and then to avoid this fee.

Yes. The company is regulated by FCA – an independent financial body that oversees more than 58, 000 financial businesses in the UK. Furthermore, Skrill uses advanced SSL encryption to protect your information, as well as an array of external and in-house created security tools analysing every single transaction going through the system.

It depends. All e-wallets have their own their flat fees, conversion rates and user agreements. Therefore, several factors determine which one is best suited for you. For instance, you might want to consider how many payments you make every month, and how big your transactions are. Other things to keep in mind are currency conversion and whether you’ll use the service enough to qualify for VIP benefits. We suggest you have a close look at these things and make an informed choice before you get started.

Yes, you can. Skrill offers a prepaid Mastercard. You can use the card in 35 million different locations worldwide and withdraw cash in more than 1.9 million ATMs. There’s an annual fee of €10 and a charge of 1.75% when you withdraw money in an ATM. Card payments are free of charge.

Pretty much all of them. This payment method has become an industry-standard, and you rarely come across casinos not offering Skrill. If you have a Skrill account, you’ll be able to make payment at almost every online casino out there.

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