Skrill: a Trusted Digital Wallet for Online Gambling

Being commonly accepted at online casinos and providing speed and convenience, Skrill is a go-to choice for many Aussie gamblers. In 2015, Skrill, as a company, joined the Paysafe Group, which also has Neteller and, obviously, PaysafeCard. At online casinos Skrill provides instant deposits and fast withdrawals. Apart from supporting AUD, which lets users avoid the conversion fees, the service supports 40 more currencies, allowing you to store money in different currencies. Yet, Skrill is not all that perfect - transactions with it often have fees from 1.45% up to $8.19.

How to Deposit and Withdraw Using Skrill

Sign up for a Skrill account: first, you need to create a Skrill account on the official website and specify the necessary personal data.
Choose a casino and create a gaming account: determine a reliable casino that accepts Skrill deposits and create a gaming account.
Choose a payment method: to make a deposit, go to the Deposit section and select Skrill among all available payment methods.
Make a payment: enter the deposit amount, fill in the required account details and confirm your intention of the payment.
Pass the required KYC procedures: the KYC process should be completed before any withdrawals. This can be confirmed through ID data or a driver's license.
Withdraw your winnings: go to the Withdrawal tab and fill in the necessary fields. Confirm your action and wait for the funds to be credited.

Terms and Conditions of Use of Skrill

As with many other e-wallets, fees are one of the flaws of Skrill. While casinos typically do not charge fees, withdrawal fees may apply, mostly related to Skrill’s currency conversion fee, which typically ranges from 1.45% to 3.99%. Therefore, we suggest you only select AUD-friendly casinos. However, you may also face fees when you withdraw money from Skrill to other payment methods. Here is a rundown:

Withdrawal to a bank account: $8.19 flat fee
Withdrawal to Neteller: 3.49%
Withdrawal to cryptocurrency accounts: 2%

Regarding transaction speed, Skrill does not upset users, offering, if not instant, then fast payments that take no more than a few minutes. However, when withdrawing winnings from an online casino, keep in mind that the casino also has a processing time, which may delay the transaction.

Deposit limits are different across all casinos, yet the average range is between $20 and $5,000. With withdrawals, the minimum amount also varies from $20 to $30, and the maximum limit is up to $5,000 per week. Please note that casino VIP players are given higher withdrawal limits that depend on the casino operator. Still, we highly recommend you check the limits on the Payments page of the casino.

	Limit	Time	Fees
Minimal Deposit	$20	Instant	0%
Maximal Withdrawal	$5,000	Instant	0%

VIP Program

As we mentioned Skrill's VIP program, let's see how it works and what benefits you can receive with it.

How to Become a VIP User?

To become a VIP user, you must complete transactions worth $15,000 in a Quarter using your Skrill account. After that, you will automatically become a VIP user. In case you fail to match the requirements in a Quarter, your status will be taken away.

How Many VIP Levels Does Skrill Have?

The VIP program consists of 3 levels – Silver, Gold, and Diamond. Each level is received based on the amount spent on transactions made by you with Skrill. As it was mentioned before, Silver level, which is the lowest, is given to users who completed $15,000 worth of transactions. Gold level is given to users that spent $45,000 in a Quarter. And the highest level, Diamond, is given to users whose transactions reached the amount of $90,000.

What Are the Benefits?

Usually, the benefits that provided for VIP users are similar in different financial institutions. Benefits you may receive by Skrill include: lower fees, higher limits, and 24/7 support provided via email. Special offers (invitations to sport matches/music festivals)There's obviously a difference between the benefits provided by different above-mentioned VIP levels. For example, Silver account allows you to have +1 multi-currency account, while Diamond level offers +3. Gold and Diamond users will be provided with personal account managers, yet all the VIP levels receive dedicated customer care, as well as no sending money and bank withdrawal fees.

Bonuses and Skrill Deposits: What Players Should Know

While most online casinos offer welcome bonuses on first deposits, players using Skrill may find themselves excluded. In many cases, the Terms and Conditions of bonus programs explicitly list Skrill as ineligible for promotional offers. There are several reasons for this.

Transaction Fees: Skrill charges fees to process payments, which can reduce profit margins for casino operators. To manage these costs, some casinos exclude Skrill from bonus-eligible deposit methods.
Regulatory Compliance: In certain jurisdictions, regulators require enhanced identity verification before casinos can issue bonuses. Some operators view Skrill’s KYC procedures as insufficient for meeting these standards, particularly when stricter local rules apply.
Bonus Abuse Prevention: Casinos often restrict specific payment methods to deter bonus fraud. Skrill has historically been used in so-called “bonus abuse” schemes, where users deposit funds only to withdraw bonuses without actual play. Excluding Skrill helps limit this risk.

Players are advised to review the terms of any bonus offer before depositing, and to confirm whether Skrill is accepted as a qualifying payment method.