Few payment methods are as intrinsically linked to the online casino world as Skrill. Since its inception over twenty years ago, Skrill has been a major online gambling player. New Zealanders, just as players elsewhere, have long been known to use Skrill to process deposits and withdrawals, with its rapid processing times, cheap fees and great availability all favourable amongst players.
Skrill Explained
Originally launched as Moneybookers back in 2001, Skrill used to have a much larger market share in this industry than it currently does today. That’s largely because many competitors have come along and muscled in on its patch. Make no mistake about it, though: Skrill still has plenty to offer players who are seeking rapid and cheap ways to deposit at casinos.
The e-wallet is now owned by Paysafe, the same operator behind Paysafecard and Neteller. It is notable for allowing you to use a broad selection of alternative payment methods to fill your e-wallet balance, and Skrill has a dedicated multi-tier rewards scheme, not to mention the ability to get involved in cryptos with your account. Skrill also processes transactions using the New Zealand dollar which is ideal for you.
Using Skrill is a simplistic process and one that is virtually no different from using any other casino payment option. Basically, you’re looking at linking a payment method (or several) to your Skrill account and then transferring money to and from there between your bank and your casino. There are fees, but thankfully, they are quite minimal. Skrill users who apply for a prepaid debit card can also choose to deposit at NZ casinos using the bank card option, with all transactions still tied to your Skrill balance and not your bank.
Skrill is licensed, regulated, and a popular option in US, Curacao, and Maltese-licensed online casinos. It is arguably one of the most widespread options out there, and opening an account with Skrill is free. New Zealanders can then instantly deposit into their Skrill account before making that all-important first NZ online casino deposit. Let’s explain how that works next.
Deposit Process
Deposits with Skrill are straightforward no matter which process you choose to use. Allow us to explain your choices below. They include using Skrill’s e-wallet and its prepaid card to deposit, like so:
- E-Wallet Deposit: Go to the cashier page at your casino and select Skrill before entering the desired amount. You’ll be taken to a second screen (the Skrill sign-in page) where you can confirm the transaction using Skrill’s 2FA step. This usually involves a PIN code or an SMS message.
- Prepaid Card: If you’ve applied for a prepaid card linked to your Skrill account, you can select the “bank card” option at your NZ casino instead. There is no obligation to do this – it’s just an option. If you take it, just enter your Skrill prepaid card details into the boxes provided and confirm using the 2FA method associated with your prepaid debit card.
Your deposit should be processed instantly using whichever method you choose to use. Unlike some options, such as PayPal, which can take money directly from your linked bank account if you don’t have it on your e-wallet – you must have any money you intend to deposit already on your Skrill e-wallet account before attempting to do so.
Withdrawal Process
Skrill is one of the best withdrawal options out there. It is fast, friendly and free – at least from the casino’s side. Here are the steps you can take to cash out your winnings using Skrill from online casinos in New Zealand today.
- Head over to the cashier screen and select Skrill at your NZ casino.
- Choose the amount you want to withdraw.
- Select your Skrill account when prompted on the second screen.
- Confirm the transaction.
- Go through the KYC process (if you haven’t already), then sit back and wait.
Fees and Limits
Skrill is super cheap but only partially free. For instance, while online casinos never charge you for deposits or withdrawals made using Skrill, the payment method isn’t totally devoid of fees. Depositing into your Skrill account or withdrawing from it can be free, depending on your chosen options. However, if you want to do so rapidly, choose specific providers, or need to convert currencies, there can be fees. The worst we saw was around $5 for shifting a decent chunk from Skrill to our bank.
Most New Zealand online casinos have transaction caps in place, and for Skrill they tend to be fairly generous. You’re often looking at minimum deposit limits of a tenner, maybe $20, although some sites offer you the lowest deposit limits of just $5. Skrill can be used to deposit up to five thousand, ten thousand, and sometimes even twenty thousand dollars. This varies from site to site. As for withdrawals, while the upper limits vary, most Skrill cashouts must be worth at least $20 to $25.
Transaction Times
Skrill is lightning fast when it comes to depositing into your casino account. Expect your deposit to land in seconds. It can take a bit longer to top-up your Skrill balance from your bank, though, with times varying from instantaneous to 2-3 days, depending on the payment method you use. Withdrawing from casinos using Skrill can take as little as a few hours or as long as two to three days. Similarly, wild transaction times can be expected when cashing out from your Skrill e-wallet to your bank.
Why Use Skrill at Online Casinos in New Zealand?
You’d primarily opt to use Skrill at New Zealand online casinos for convenience. It is conveniently more widely available than PayPal and cheaper than Neteller. It’s also faster than both of those options for the most part. Skrill may not have quite the same market share as it used to, but it’s fair to say that Skrill is still the go-to e-wallet for many New Zealand online casino goers and players worldwide.