When you are playing at an online casino and need to transfer funds into and out of your casino account two things are critical: the speed at which funds transfers happen and also the security aspect. Among the host of online payment methods available today, MoneyBookers, now known as Skrill, is one of the most widely used.

moneybookers overview

With more than 30 million account holders, MoneyBookers is one of the most popular e-wallets today. It is also one of the most widely available among all e-wallets and online payment methods; its popularity is apparent when you see that almost every online casino lists it in their range of payment methods available. With a payment network spread across the whole world, it allows users to access more than 100 different payment options across over 200 territories.

In 2007, MoneyBookers was acquired by Investcorp Technology Partners, the technology private equity division of Investcorp, the international investment group, in a majority buyout. It was rebranded as Skrill, and has been growing steadily ever since. It is incorporated under the laws of England and Wales and authorized by the Financial Services Authority (FSA) of the Government of UK under the Electronic Money Regulations of 2011.

All transactions conducted using MoneyBookers are completely secure thanks to the use of advanced security technology like 128-bit secure socket layer (SSL) encryption. Other security measures used include sophisticated firewalls to protect your funds and personal information.

countries and territories supported by moneybookers

As mentioned earlier, MoneyBookers, now known as Skrill, is one of the most popular online casino payment methods today. It is available to users across more than 200 territories through over 100 different payment options and more than 40 currencies. The countries where MoneyBookers is NOT available include:

  • United States of America
  • Turkey
  • China
  • Israel
  • Malaysia
  • Iran
  • Cuba
  • Myanmar
  • Nigeria
  • North Korea
  • North Sudan
  • Somalia
  • South Sudan
  • Syria
  • Yemen
  • Afghanistan

how does moneybookers work?

The main reason for the popularity of MoneyBookers, apart from its completely secure environment, is its simplicity. You can use it to transfer funds, receive payouts, deposit money, ship packages, and more, all through a seamless and smooth process.

To use MoneyBookers you must have a MoneyBookers account. You can go to the MoneyBookers site to open an account by filling up a form with the required information. The login id you use is your mail-id, which saves you the hassle of remembering too many mail ids and messing up while logging in. After opening your MoneyBookers account, you need to fund it to be able to start using it. You can fund it using one of more than 100 different options available, including credit cards and also bank transfer.

To deposit funds into your online casino account using MoneyBookers, you have to go to the banking section of the casino and select MoneyBookers as your transaction method. Then, fill in the amount you want to deposit. You are taken to your MoneyBookers account where, after filling out the necessary details, you click on the deposit button, and the money gets transferred to your casino account.

You can follow the same procedure to withdraw funds from your casino account using MoneyBookers. However, withdrawal may take a longer period of time, depending on the online casino’s withdrawal policies.