Skrill is a banking method that is used by many online casinos in Australia. Skrill made a name for themselves and they always make sure to keep their clients satisfied. And we do not blame, the competition is tough but they have managed to pass the test of time.
What is Skrill?
The banking option is an internet based payment method that is used by many companies in the commercial field. And among their many user’s online casinos make the mark. They also focus on low-cost international transfers.
When it was launched in 2001, went by another name. And that name was Moneybookers limited. Based in the U.K the company was in 2010 ranked the fastest growing firm. In 2011 they branded and Skrill was born. And thank goodness for that because Moneybookers was too much of a mouthful. It is a bit funny but the shorter the better.
From the time that the company was rebranded, they have grown rapidly and now operate globally. They are part of the Paysafe Group. The same group of companies that owns Neteller and paysafecard.
Skrill and Online Casinos
The history behind Skrill and online casinos are a bit clouded. There are no exact dates as to when Skrill started accepting payments from web-based casinos. But what we do know is this, that Skrill is a very popular payment method. And it is used and accepted in 200 countries, including Australia of cause and accepts 39 currencies.
It can be used as both a withdrawal and deposit method. This can, however, differ from casino to casino depending on their methods. When using Skrill, Aussies have to, first of all, create an account. This has to be prior to playing at the casino. After having opened their account, players can deposit funds into it. Aussies then go to the online casino that they are playing at. Look for Skrill and select it as a deposit method. Fill in the required details such as your email and the amount that you want to deposit. And you are done.
The same process can be followed when you want to withdraw funds, the best part about using e-based banking methods is that the transactions are instant. And yes, the same is true for Skrill as well. This is what makes it the leading option for Aussies who want to gamble online.
Advantages and Disadvantages
The below are the advantages that comes with using it as your banking method when playing at online casinos in Australia.
- Your personal information is kept private during the transactions.
- It is a global method, hence it available at many online casinos.
- Transactions are fast and instant.
- Players can do transactions in more than one currency, as long as the currency is part of the accepted currencies.
- In 2016 there were numerous complaints about withholding client funds.
- The transaction fees are rumored to be relatively high.
Other banking Methods