Paypal, cash, credit card, debit card. All of these are well-known, go-to methods of payment when users are shopping online, or playing online bingo. If you are an avid user of these types of forms of payments, then why not pay by Skrill the next time you are playing your favourite online bingo and slot games?
What is Skrill?
Skrill is an e-commerce company which is used to transfer and receive sums of money from one online device to another. Founded in 2001, when it was formally known as Moneybookers, Skrill has developed and evolved into one of the world’s most used method of money transferring. With 36 million – and increasing – account holders, it has been taking the financial sector by storm for almost 15 years. Skrill even have 156,000 global businesses under their belt, as it is available to 200 countries as well as 40 currencies. What makes it even more accessible, is that it lets account holders have the choice of using 100 local payment options. Additionally, in financial news Skrill recently announced that the company completed a successful acquisition of its UK competitor, Ukash. Aside from a brief overview of Skrill, it is important to highlight the pros and cons when using it to transfer and receive money.
What are the pros and cons of using Skrill?
As with all products and services in the digital age, there are many advantages and disadvantages to consider before carrying out transactions with Skrill. First and foremost, Skrill is known to be a safe and secure method of payment. An example to reiterate the safety factor, bingo sites that accept skrill will not reveal any personal financial details to third parties, making it a secure means of payment when you are depositing and winning a sum of money.
Another advantage of using Skrill is the low cost factor, as it is cheaper than most methods of payment. Furthermore, there are no fees or charges made to your account when you use Skrill. To add to this advantage, one of Skrill’s biggest drive and focus is on the low cost international money transfers. They are aware that their account holders can be all over the world which is why they cater for all in terms of geographical locations.
Adversely, there are a few downfalls and limitations when using Skrill as a money transferring service. Although it can be accessed in 200 countries around the world, it is not allowed to be used in the U.S, which can result in big issues for certain businesses and individuals. Also, some local banking groups do not allow their customers to use Skrill as a method of payment, so make sure to check with your bank before you go through with the process of utilising Skrill as a payment operator. Lastly, banks can take a while to process and rectify a situation if a mistake has been made whilst using Skrill.
Best websites which use Skrill
As mentioned before, you may have seen the option to pay by Skrill on a variety of exciting bingo sites. These can be known as Skrill bingo sites and include the likes of Glossy Bingo, which offers players the chance to pick up a 250% bonus on top of their first deposit.
So, now that you know it’s easy, simple and safe, why not create an account and pay by Skrill today?