Pros and Cons of Using Skrill at Online Casinos
Pros
- Wide Acceptance: Skrill is supported at the vast majority of online casinos in New Zealand, giving players plenty of freedom of choice.
- Instant Transactions: Whether you’re depositing or withdrawing from an online casino, transactions with Skrill are instantaneous as soon as they have been initiated.
- Old and Trusted: Launched in 2001, Skrill has over 40 million active users and is supported by over 120,000 merchants in addition to online casinos.
- Highly Secure: Skrill uses top encryption technology and two factor authentication, while deposits to online casinos are made without any sensitive details being shared with the casino.
- Easy Setup: Skrill is easy to set up and requires no KYC verification from its users to begin with.
- Mobile-Friendly: Along with a responsive mobile design, mobile apps to iOS and Android are available for all Skrill users.
Cons
- Potential Bonus Restrictions: Some online casinos in New Zealand will not allow players who make deposits with Skrill to claim its bonuses.
How to Make Casino Deposits and Withdrawals With Skrill
Deposit
After visiting and signing up for an account with an NZ online casino, depositing with Skrill is easily done by following these steps:
- Press the money symbol or deposit button at the casino to access the cashier.
- Select Skrill among the available payment methods.
- Type in the amount you would like to deposit.
- Enter the e-mail address of your Skrill account and confirm.
- Log in to your Skrill account via the pop-up window that appears.
- Press a button in the same window to confirm the transaction.
- Have your casino account instantly funded.
Withdrawal
Here are 7 steps to follow when requesting a casino withdrawal to Skrill:
- Log in to your online casino account.
- Access the “Cashier” via the site menu.
- Look for a withdrawal tab.
- Select Skrill as your preferred payout method.
- Enter the amount you wish to cash out.
- Confirm the transaction and wait for the casino to process your request.
- Get notified when your winnings are credited to your Skrill account.
Is Skrill a Fast Withdrawal Method for Casino Payouts?
Skrill is not only fast, but one of the fastest payout methods available at casino sites. Getting your casino winnings credited to your Skrill wallet typically takes seconds after the transaction has been processed and approved by the casino.
Why Does the Withdrawal Time With Skrill Vary Between Casinos?
The withdrawal time with Skrill varies between casinos because the time it takes to withdraw funds from an online casino depends not only on the payment processor, but also the casino site itself.
Among the fast paying Skrill casinos that we recommend, payouts are typically processed within 24 hours of the casino receiving the cashout request. Some will even process the payment almost instantaneously.
But then you also have other online casinos in New Zealand that can take days to process a withdrawal request. Even though the money is instantly received in the Skrill wallet once sent by the casino, these varying processing times of the casino is why withdrawal times can differ a lot.
How to Speed Up Casino Withdrawals With Skrill?
While you can’t change the time it takes for a Skrill transaction to finalize once your casino winnings are sent, you can make sure that your payout is processed quicker by following the below tips.
Play at a Casino Site That Pays Out Fast
While it might be obvious, the best tip for getting fast withdrawals to Skrill is to play at one of New Zealand’s fast payout casinos. Ultimately you want to sign up with a site that is known to instantly pay its players while also giving you the satisfying gambling experience you’re looking for.
Make Sure Your Casino Account Is Verified
KYC verification is crucial for fast Skrill withdrawals. All legally licensed online casinos in New Zealand have to verify the identity and address of their players before allowing them to make payouts via Skrill or other payment methods.
For withdrawals to be processed as quickly as possible, it is therefore a good idea to have completed the KYC verification before you make your withdrawal request. We recommend doing it as soon as you sign up to a new casino site.
Become a VIP Player or High Roller
To keep their most valued players happy, almost all online casinos in New Zealand ensure that their high rollers receive the fastest payouts. The casino will give you a VIP status if you meet a certain monthly deposit threshold, which will allow for faster or even instant withdrawals to Skrill.
It is important though to keep in mind that you should never gamble for more than you can afford. So, while this is an effective tip, please always gamble responsibly.
What Can Cause Payout Delays With Skrill?
Payout delays on behalf of Skrill almost never happens and would only occur under rare circumstances when the payment processor is having technical difficulties. However, delays that are a consequence of the casino you’re playing at are much more common and can include the following:
- Insufficient KYC: If the casino has requested KYC documents from you, your Skrill withdrawal will not be processed until these have been received and approved.
- Security checks: A casino account can be flagged for extra security checks for various reasons, such as making sure that no rules of the casino have been breached. This can result in your payout to Skrill being delayed until the checks have been carried out.
- High workload: Even the fastest paying Skrill casinos may encounter sudden spikes in withdrawal requests or temporary staff shortages due to unforeseen circumstances, which might cause withdrawals to take longer than usual.
- Wrong payment method: It’s crucial to withdraw using the same payment method you used for depositing at most Skrill casinos in New Zealand. Trying to withdraw via Skrill without your deposit also being made with Skrill will result in cancellation of your payout request.
- Maximum limit reached: Certain Skrill casinos in New Zealand have withdrawal limits, such as daily, weekly, or monthly caps. If you hit these limits, your current withdrawal request will be put on hold until the limits reset.
- Technical issues: Although rare, both the casino and Skrill could encounter technical issues, leading to delays in processing your cashed-out funds.
What Is the Minimum Casino Deposit You Can Make With Skrill?
The minimum deposit with Skrill starts at $1 at online casinos in NZ. However, it is only a very few casino sites that have such a low minimum deposit limit. A much more common limit is $10 and, in some cases, a higher limit of $20 would be present.
Can You Claim Casino Bonuses With Skrill Deposits?
Not all Skrill casinos in NZ will allow you to claim casino bonuses with a Skrill deposit. This is especially true for the welcome offer of the casino but may apply to other bonuses as well.
When using Skrill for deposits, it is important to read through the casino’s bonus terms to see if bonuses can be triggered with Skrill or not. At some casinos, they can, and at others, they can’t.
The reason that some casinos in NZ prohibit Skrill deposits for bonuses is that Skrill is a common payment processor to use when it comes to bonus abuse.
What Are the Fees With Skrill?
Making Skrill deposits to casinos will rarely come with an extra cost in the form of a fee. While there are some Skrill casinos in New Zealand that charge you 2.5% of the deposited amount, this is unusual to come across. As for withdrawal fees, these are even rarer to experience.
If any casino-related fees apply to your Skrill transactions, this would normally be communicated in the cashier of the casino when making your deposit or withdrawal.
Funding your Skrill wallet, on the other hand, may come with a fee and in order to deposit at casinos, the Skrill account must be funded somehow. While bank transfers are free, deposits with Mastercard or Visa carry a 1% fee.
Other Skrill related fees include the following:
- Withdrawal fee: $9 for cashing out from Skrill to your bank account, 2% for withdrawing via crypto and up to 7.5% for withdrawing via a debit card.
- Inactivity fee: $9 monthly if the Skrill account does not have any transaction for 6 months.
- Currency exchange fee: If any Skrill transactions are made between two accounts that don’t have the same currency, an exchange fee of up to 5% may be charged.
Is Skrill Safe to Use at Casino Sites?
Skrill is a highly secure payment method that is 100% safe to use at casino sites even though you should always protect yourself by only playing at Skrill casinos that are legitimately licensed and trustworthy.
Founded in 2001 and used by more than 40 million people all around the world, Skrill is an old and trusted e-Wallet with security features such as two-factor authentication. It is impossible to access a Skrill account with just a username and password as a one-time login code would also be sent to your phone or e-mail.
Skrill is also regulated by the Financial Conduct Authority and has similar security standards as that of banks. Accounts are protected by 128-bit SSL encryption.
Furthermore, when making Skrill deposits to NZ casinos, only the e-mail of the Skrill account is shared with the casino. No other information can be accessed by the gambling site as the deposit takes place on Skrill’s platform via a new window that appears when initiating a casino deposit.
Is Skrill Mobile-Friendly?
Skrill is most certainly a mobile-friendly banking option. Along with its responsive website design that works flawlessly on any mobile device, Skrill has developed mobile apps that are available in the iOS App Store as well as the Google Play Store. These are easy-to-use apps that allow you to access your money and make hassle-free transactions wherever, whenever.
What Are the Best Skrill Alternatives for Kiwi Gamblers?
While Skrill is a fantastic payment processor to use at NZ casinos, other great ones include:
The three first ones are e-Wallets just like Skrill which allow you get instant withdrawals from casinos, while the latter are debit cards that we all know for their convenience. These are also supported at more or less every fast payout casino site in New Zealand.
FAQ
Does Skrill Decline Gambling-Related Transactions?
No, Skrill does not decline gambling-related transactions. In fact, it is one of the most commonly used payment methods among gamblers worldwide. You’ll find it supported at almost every fast paying casino in New Zealand. Skrill even talks about gambling on its website and how the payment method can be used to make the gambling experience better.
Can I Withdraw Casino Winnings With Skrill?
Yes. Cashing out casino winnings with Skrill is possible at all NZ online casinos that accept Skrill for deposits. However, making such a withdrawal would normally only be allowed if you also deposited using Skrill as most casinos in NZ have to follow a policy known as closing the loop.
This policy exists to prevent money laundering among other things and states that payouts can only be made to the same payment method that was used for deposits.
Is Skrill Common in NZ Casinos That Pay Out Fast?
Very much so! Almost all of the fast paying NZ casinos that we have rated and reviewed support Skrill as a deposit option. Along with debit cards, Skrill is the most common payment methods that Kiwi gamblers will find at online casinos.
Find Casinos by Payment Method
