Skrill is an electronic wallet, which in simpler terms is an online bank account. Once you have deposited funds into your Skrill account you can transfer money easily to all Australian online casinos and other vendors. This section explains how to operate a Skrill account and its pros and cons as well.
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Skrill started out as Moneybookers and you might find it listed in its old name at a few Australian online casinos. Moneybookers Limited was incorporated in London in 2001 and the electronic wallet became active at online casinos in 2002. In March 2007, Moneybookers was acquired by Investcorp Technology Partners. In 2011, the company began to expand its e-commerce activities and wanted a different name for the electronic wallet. Skrill, which is slang for money, was adopted as the new name. In 2013 CVC Capital Partners bought Skrill.
CVC Capital Partners is a private company with its headquarters in London. Skrill has been authorised and is regulated by the Financial Conduct Authority of the United Kingdom. Skrill operates globally, including in Australia, and has over 36 million account holders from 200 countries who transact in 40 currencies.
You can open a Skrill account in a few simple steps from the web site. Australian online casino players can fund their Skrill account through the credit cards, debit cards or bank transfers. The money can then be used by you to make deposits at any number of online casinos, make other online purchases and transfer money to friends and relatives. Surplus funds can be withdrawn back from the Skrill account.
Before using Skrill to deposit at Australian online casinos you need to do three things. You have to open a Skrill account, you have to load it with funds and you have to select Skrill as the payment option while registering at the online casino.
When you want to make a deposit, you log in at the online casino and select the Deposit option at the cashier. You click on the Skrill option and enter the deposit amount, making sure that it is within the specified minimum and maximum limits. You will then be taken to the Skrill website using secure encrypted channels. You will have to log in there using your Skrill user ID and password as an added precaution. Follow the instructions displayed on screen to complete the deposit. The funds will be transferred instantly and you can start wagering immediately.
For making a withdrawal to your Skrill account, you access the Withdrawal section of the online casino cashier. Enter your withdrawal amount. Ensure that you have sufficient balance and also that the amount is within the prescribed limits. Select the Skrill option and fill in all the details required. Your withdrawal request will be immediately registered with the online casino, but may take up to five days to process.
