Skrill – Review of Online Banking Services & Skrill MasterCard

Skrill – Review of Online Banking Services & Skrill MasterCard

The business founded in 2001 under the name of ‘Moneybookers’, Skrill is a leading electronic payment system based in the UK and as such is regulated by the Financial Services Authority (FSA). They offer a deposit and withdrawal system that really isn’t that limited, with support available in over 200 countries and payments can exchange in over 30 different currencies. Skrill is especially popular among players at online casinos; they have more clients than PayPal in some countries and have a worldwide client base using their system. Skrill provides you with an Internet banking service to send money via an e-wallet. You’re able to transfer money from your bank account into your Skrill wallet to make payments online as an alternative solution. There is also a Skrill MasterCard.

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How does it work? Is Skrill safe? We will tell you everything about the e-Wallet and be totally transparent

e-Wallets offer faster cash transaction times than even conventional bank accounts and in recent years Skrill has emerged as the leader in the e-Wallet marketplace. There are several reasons for this, most notably their highly competitive rates for deposits and withdrawals.

To create an account, you only need a valid email address and when depositing funds or any paying for goods, Skrill offers three solutions. Firstly a simple transfer which takes 2-3 days. Second a card deposit where the money is transferred instantly but there’s a charge of 1% and lastly a cheque, which can take up to 10 days for funds to clear.

MasterCard by Skrill

There is also a Skrill MasterCard. A Skrill card is a popular choice that allows the use of transferred funds at physical points of sale and at the ATM. It’s their equivalent of a credit card but only allows for pre-paid balances.

The pros and cons – Information on how you can benefit from the Skrill MasterCard when you register an account

ProsCons
  • 24/7 account management with customer support
  • Payments made with Skrill are completely anonymous
  • Skrill branded MasterCard for making physical payments
  • Transferring funds out is not instant and can take 2-3 days
  • Applying for a Skrill requires provision of documents
  • The card has a £250 limit on withdrawals from an ATM per day

The business helps their customers with 24/7 support service that you can contact for questions or queries through their site. Skrill reviews show how well organized the company is and clearly are a challenge to other banks, land based and online, with the help of their latest banking software tools and ease of service and reliability.

So if you feel like it’s time to join them after you read this review and become a new Skrill customer, then we’ll see you on the casino floor later on.

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Not a fan of Skrill? No worries! Please head to our alternative payment options outlined in the list below for you: