Online gamblers and online casinos across Singapore may not form a consensus over many things. But when it comes to choosing a reliable online payment method, almost all of them vote for Skrill. This trustworthy payment mechanism is a treat for gamblers who want to transfer their winnings into their accounts.
But before we go ahead, let’s answer the question you all must have: what is Skrill? This online payment method emerged in 2001 in the UK. Over the years, it gained popularity worldwide and is now active in multiple countries (it doesn’t operate in China, Israel, Malaysia, Turkey, and the USA).
The card helps you deal in multiple currencies, including the Singaporean dollar, Danish krone, New Turkish Lira, US, and Canadian dollars, etc.
How To Set Up An Account On Skrill?
Setting up a Skrill account is as easy as doing a random household chore. You need to go to its website, click the Sign Up tab, and fill out the registration form with your personal information. You can choose your preferred language and currency. And, voila, you’re done! You will now receive a confirmation email from the site.
More On Skrill
You may have some questions if you have heard the name Skrill for the first time. We have answers to all of them. Let’s discuss some of the FAQs:
Is Skrill Safe And Legit?
Absolutely yes! The platform is based in the UK and comes under UK laws. The UK’s Financial Conduct Authority looks over its operations. You can safely open your account and go about your gambling activities.
For those concerned about the type of information Skrill uses, you should head over to the company’s official site and look at its Privacy Page.
Making withdrawals and deposits is all too easy. The shock comes when you have to pay additional fees for your transactions. Skrill has a fairly simple fee schedule. The table below shows the Skrill charges (please note that all prices are in USD):
|Sending Money to Beneficiary||$0||Money sent to other Skrill users|
|Receiving Money||$0||Money received from other Skrill users|
|Currency Exchange Rate||3.99%|
|Skrill Prepaid Cards||$10 per year; $2.5 ATM fee|
What Else Do You Need To Know More About Skrill?
Skrill domestic transfers are free. However, customers will have to pay a small fee of almost 5% on international transfers. It also charges an additional tax when you’re making payments in different currencies. All service providers must buy the currency from the open market to settle international transactions. They charge a small fee to run their operations smoothly. While the fee is not much, it does add up to a slightly high amount. You must make international payments carefully.
What Are The Advantages Of Skrill?
So, why should you create a Skrill account? Here are some of the pros that you need to know:
Online transactions aren’t risk-free. There are so many nightmarish stories about how people get scammed online. You certainly don’t want to be one of them. Skrill comes under UK laws and has to follow some of the strictest rules and regulations to continue its operations. It uses two-factor authentication to ensure that your ID is not hacked.
Has A Prepaid Card
Skrill provides you with a prepaid card, which is easy to activate. It’s acceptable at major locations. You can use it for ATM withdrawals or other at-store purchases. Before you start using it, have a look at the fees that it charges.
Compatible With Most Devices
You don’t have to have a particular operating system to use the Skrill app. It’s compatible with most OS. You can use it either on the web browser or through the mobile app.
Cons Of Skrill
While there are countless advantages of using a Skrill card, there are some drawbacks that you must know. In the section below, we have listed down some disadvantages of choosing Skrill.
Verification Takes Time
It’s true that the brand takes its sweet time running background checks. But it gets too long. All those rules that the brand follows are for your safety, but at the time of the dispute, such long processes get on your nerves. You have to wait for a considerably long time to get your matter resolved. And most of the time, you won’t be too thrilled about it.
Many websites have started to use bots to answer FAQs. However, there are certain matters that require the intervention of an actual customer representative. Skrill doesn’t offer that. Only existing members can get connected to the person from the support staff.
For all your online gambling needs, Skrill provides a decent payment mechanism. You can trust the services without any doubts. It’s safe and comes with many benefits.