Skrill (which some long time users may know as Moneybookers) is one of the most well known eWallets that is accepted by hundreds of online casinos in many different countries around the world, including New Zealand. Founded and headquartered in the United Kingdom, Skrill is regulated by the notoriously strict Financial Conduct Authority (FCA), meaning that it is run to the letter of the law and has in place measures to tackle fraud and money laundering. Also, having partnered up with MasterCard has given its users even more payment options.
Essentially, Skrill is an eWallet (electronic wallet) that enables its users to purchase goods and services online, transfer funds to other people and, most importantly, make deposits and withdrawals at a multitude of online casinos. Skrill is linked with your bank account (similar to PayPal), enabling you to top up your balance easily and also retrieve funds from it whenever you need them. Most importantly, Skrill acts as a third party entity that stores your banking details securely so that you never have to share them online, where there’s always the potential for nefarious actors to steal your information. This is one of Skrill’s main advantages.
To sign up, head over to Skrill’s website or otherwise download the app for either Apple’s iOS or Google’s Android platforms. The online registration form takes mere moments to complete and is largely pain free. Once you’ve registered for a new account you can start using it right away, but you’ll need to verify the account to unlock all of its features. This, again, is a simple process and the onscreen instructions are dead easy to follow and complete. While some may baulk at having to verify, it is very much part of the UK law to clamp down on money laundering and the like. The alternative is to top up your account via credit and debit cards.
Firstly, top up your Skrill account with the amount that you wish to deposit at your chosen casino (it’s worth checking that they accept Skrill first, of course). You can add funds via a credit or debit card, as we mentioned above, but note that there are transaction fees of 1.9% at the time of writing. To get around the fees, you can transfer funds directly from your linked bank account, but this method can take up to five business days sometimes, depending on the bank you’re with. Once this is done, however, all you need to do is head to your New Zealand online casino, sign in and go to the cashier. Enter an amount, choose Skrill as the payment method and hit enter. If approved, your money will be credited to your casino account in a couple of seconds.
Yes. The vast majority of online casinos allow Skrill to be used for withdrawals, which is super convenient because it is one of the fastest ways to get a hold of your money – once approved by the casino’s payments team, the money will be transferred instantly. One thing to note, however, is that withdrawal transfers come with fees on top, so do some research beforehand. Another thing to watch out for is the fact that eWallets such as Skrill have limits on how much you can add to the account and send to other accounts (again, this is to stop money laundering activities happening on their banking network), so if you win the jackpot, pick another method.
If you find that Skrill isn’t accepted by your particular online casino, you can get around the problem by applying for a Skrill Prepaid MasterCard, which will then essentially act like any other credit card. The card will be linked to your Skrill balance, so you can’t overspend, but you can use it for withdrawing from ATMs, buying things in shops and paying for things online. The only things to note before opting for this is a €10 (around NZ$17) yearly fee and an additional 1.75% fee for anything you withdraw from an ATM. Other than that, we can’t really fault it.