Skrill is an alternative payment system at Australian online casinos. It was earlier known as Moneybookers. When the company expanded its operations and services it changed its name to Skrill. Skrill is an electronic wallet, also known as an e-wallet. It is like a virtual bank account. You can open the account by following a simple procedure from the Skrill web site. Once your account has been opened you can transfer funds into it through your regular bank account, credit card or transfer from another online source. You can use these funds to make deposits at online casinos and also make payments to other online merchants. Australian players will have two main advantages using Skrill to deposit at online casinos. Your credit card or bank account details will only be with Skrill and not with the various online casinos at which you play. You can withdraw your winnings to your Skrill account.
Skrill is regulated by the Financial Conduct Authority. It complies with all the stringent conditions of the financial regulatory authority. Skrill maintains sufficient liquidity to cover all deposits with it. Hence you will have no problem in withdrawing your funds any time. Skrill uses the latest security protocols to ensure that the financial transactions are conducted in a secure environment. Apart from its electronic wallet, Skrill also offers a prepaid card in conjunction with MasterCard.
Deposits Using Skrill
If you want to use Skrill to deposit funds at your Australian online casino, you should select it as the payment option while registering. After logging in you must access the cashier, click on the Skrill icon and input the amount you wish to deposit. If you have not opened a Skrill account, you can do so from within the casino client. If you have a Skrill account simply input your e-mail address and Skrill password. Click deposit and confirm it to have the funds credited instantly in your online casino account. You can check for the minimum and maximum deposit limits at the banking page of your online casino.
Withdrawals Using Skrill
The process for withdrawal using Skrill is similar to that for deposits. The withdrawal can take up to two days because of processing time. Make sure that you withdraw only from your cash balance and not your deposit balance. The minimum and maximum withdrawal limits will be given on the web site of your online casino and would be linked to your VIP status at most Australian online casinos.