Skrill is an e-wallet service provider that has been around since 2011. The registered company was formerly known as Moneybookers and changed their name to Skrill in 2011 as part of a rebranding effort. Regulated by the Financial Conduct Authority to operate within the EU, this payment system is fast becoming a trusted platform, especially at online betting establishments with many Skrill casinos.
The company has picked up numerous prestigious awards which recognised the quality of their services including winning titles at the EGR B2B Awards, International Gaming Awards, and Financial Sector Technology Award just to name a few.
On this page, you’ll find all the information you need about this payment system provider, including the pros and cons of using their services, the ease of registering for an account, and their fees structure. These details are provided by our experts who have done a thorough analysis of the company in order to help you make an informed decision on whether you should use Skrill as your gambling transaction platform.
Featured Skrill Casinos in Nigeria in 2026
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Operator
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Bonus
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Features
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Claim Now
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300% Bonus
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100% Bonus
Up to 100 USD |
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100% Free Bets
Up to ₦100,000 |
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100% Match
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100% Sports Bonus
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100% Welcome Offer
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200% Match
Up to ₦130,000 |
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100% Welcome Bonus
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Welcome Gift
Up to ₦10,000 |
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Welcome Package
Up to ₦500,000 |
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The advantages and disadvantages of using Skrill
Pros:
- Cutting-edge security measures – By using this payment system to play Skrill slots and other casino games, you add an extra layer of protection on your financial details. All information sent on the Skrill platform are defended by the latest encryption technology which conforms to the highest of PCI data security standards. Furthermore, users can activate the Two Factor Authentication (2FA) function to prevent unauthorised entries to their account.
- Easy-to-use platform – Even if you’ve never used any online money transfer services to make payments before, you’ll pick it up in no time because Skrill’s platform is intuitive, well-designed, and user-friendly.
- Fast withdrawals – Online casinos process Skrill withdrawals faster than other banking methods like credit cards or bank transfers. You generally don’t need to wait for more than 24 hours to see the funds in your Skrill account after the casino has processed your withdrawal.
- Widely available – Most online casinos accept Skrill as a banking option, allowing you to use it for both depositing and withdrawing.
Cons:
- Transaction fees – Skrill charges a processing fee for almost all transactions including uploading money into your account and withdrawing from it.
- Welcome bonus restrictions – Some casinos don’t accept deposits using Skrill to be eligible for claiming welcome bonuses.
Bonuses and Promotions for Skrill Users
Skrill users need to know how betting sites handle their e-wallet deposits for promotions. Online betting platforms have specific bonus rules that affect Skrill users to prevent fraud.
Welcome bonuses
The situation with welcome bonuses is simple but might disappoint some Skrill users. Most betting sites won't let you claim welcome offers with e-wallet deposits. This rule stops people from creating multiple accounts to claim sign-up bonuses with different email addresses.
Some platforms take a different approach. Unibet, Paddy Power, and Coral let Skrill users claim bonuses like "Bet £10 Get £40". These offers need minimum deposits between £5-20, and you must place bets at odds of 1/2 or higher.
A smart workaround exists for bonus hunters. You can use a debit card for your first deposit to get the welcome bonus. After that, switch to Skrill for all other transactions. This way, you won't miss out on valuable new player offers.
Reload and weekly bonuses
Reload bonuses are great news for Skrill users after the welcome offer. These promotions help regular players keep their accounts funded.
Many platforms run weekly reload bonuses for their regular players:
- Monday brings a 50% reload bonus up to €100 for all payment methods including Skrill
- You can get 50 free spins weekly with qualifying deposits
- Players can claim 15% cashback on losses through Skrill
Regular Skrill deposits can boost your loyalty program status. A few months of consistent play could earn you Silver VIP status. This unlocks faster withdrawals, better support, and special deposit bonuses. Most programs have 5-10 levels, and each level brings better rewards.
Payment method-specific offers
Special Skrill-only promotions are hard to find, but e-wallet users still get some unique benefits. Skrill promotes special casino deals and loyalty rewards as part of their service.
Traditional payment methods might win for welcome bonuses, but ongoing offers level the playing field. Skrill users can access these casino promotions:
- Deposits matched 100% up to €750 plus 200 free spins
- Three free spins for every €1.50 you deposit each week
- Weekend roulette rewards with €10 bonus money
The best betting sites know they must offer good promotions to keep customers, no matter how they pay. These sites stay competitive by giving out boosted odds, free bets, and running solid loyalty programs.
To get the most value as a Skrill user, look for sites that advertise "Skrill-friendly" bonuses. Better yet, find platforms that welcome all payment methods for their promotions instead of blocking e-wallets.
Banking with Skrill
Now that you know what’s hot and what’s not about using Skrill, let’s take a look at other important factors to see if this is the right payment system for you:
Deposit and withdrawal times
Skrill is all about fast transactions. Therefore, depositing money into your Skrill account and withdrawing from it into your bank account is completely instant. That’s right! You no longer have to wait impatiently for pending withdrawals and non-weekend processing time anymore when you use Skrill.
Ease of opening an account
Opening a Skrill account is a breeze. All you have to do is click on the “Sign up” button on the official website, fill in your details in three easy steps and you’ve got a secure Skrill account! The moment you’ve successfully registered for an account, you can upload money into it using a variety of payment methods and start playing at Skrill casinos immediately.
Fees structure
Security and convenience do come with a cost for Skrill charges a processing fee for transactions carried out on its platform. There are many different ways to add credit to your account:
- Credit card, Paysafecard, Bitcoin, Boku, bank transfer, Neteller, and Trustly – 1%
- Withdrawal from your casino account – Free
Withdrawals from your Skrill account will also cost some fees per transaction:
- Bank transfer – £4.76
- Visa – 5%
- Swift – £4.76
Our final thoughts
Skrill is Nigerians first online money transfer service provider and remains one of the most popular still, especially at online betting sites. Because many casinos accept it, paying by Skrill is very convenient and easy, not to mention the fast account setup process. Although users do have to pay for topping up their Skrill account and making withdrawals from it, the fees are not as high as some other providers like Neteller, who offer similar services. We believe that the pros definitely outweigh the cons with Skrill considering the convenience and security that come with using it. Therefore, we urge you to check out a Skrill casino on our list of recommendations today for a fast, easy, and safe gambling transaction experience.