The past few years has certainly seen an increase in online gambling activities. Although the increase has been welcomed by all industry players, deposit and withdrawal methods available have remained a major concern. In most cases, deposit and withdrawal methods available are not only frustrating but very complicated. It is however encouraging to note that there are digital wallets that you can conveniently use when depositing funds into your betting account or withdraw your winnings to before you finally withdraw to your local bank account. One such online e-wallet is Moneybookers/Skrill.

{module 200}As an e-wallet, you only need to upload funds into the same before you can send the funds to either individuals or a casino operator you have registered with. Note that you can also send money to anyone with an email address even though he/she may not have a Moneybookers account. In such a case, the individual you send money to will be obligated to create a Moneybookers account before he/she can access the money you send. Many established casinos actually have Moneybookers/Skrill as one of their payment options.

There are no charges attached to creating an account with Moneybookers/Skrill. What you are required to do is to enter correct personal details. Such details include your name, email address, postal address, telephone/phone number and your local bank account number including the bank’s swift code. Note that you will have an opportunity to change some of your particular in the future even after registration. You can only have one Moneybookers/Skrill account.

While you may start using your Moneybookers/Skrill account immediately after registration, there is a limit of how much you can withdraw or upload. Although this restriction may seem punitive, it is actually meant to protect your funds. You can however increase the limit by verifying your account. This you can do by having an email sent to your email address. The email address contains a verification code that you must enter on Moneybookers/Skrill website to activate and verify your account. You can also increase sending/receipt limits by verifying your bank/credit card, in which case a specific amount is deducted from the same and later refunded into your Moneybookers/Skrill account.

In order to maintain its operations, Moneybookers/Skrill charges varied fees. You can withdraw your funds through several ways including by cheque, credit card or bank transfer. You however need to ascertain which withdrawal method is accepted in your country. It is also important to indicate during registration in which currency you will operate your account. Generally, Moneybookers/Skrill has the lowest charges compared to other e-wallets.

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