Is Skrill the New PayPal?
Skrill is an online payment solution more commonly referred to as either an Alternative Payment Method (APM) or a digital wallet (which is also known as an electronic wallet, web wallet, or e-Wallet).
Skrill and PayPal are very similar, and in recent years, more people have turned to Skrill, and many people have turned away from using PayPal. This begs the question, is Skrill the new PayPal?
What is Skrill?
Skrill is a digital wallet online payment solution that enables people to send and receive money anywhere in the world (to anyone else with a Skrill account). It can also be used to pay for goods and services wherever you see the Skrill logo at the checkout.
The company has been around since 2001 and was originally called Moneybookers, which some of you may remember. It’s a perfectly reliable way to pay for things, completely secure, and currently operates in over 130 countries worldwide in 40 different currencies.
You can keep your digital currency stored in your Skrill wallet, and all you need is your preferred email address to sign up and start paying for things.
When you are at the checkout using Skrill, you only need to enter your email address and password before confirming the amount, which is why so many people prefer using Skrill to pay for things because it’s so easy to use.
In other words, you don’t need to enter long credit or debit card numbers or three-digit CVV security codes at the checkout when using Skrill, and you don’t need to enter any other personal details, such as your name and address, etc.
Can I use Skrill to top up my online casino account?
Yes. Many fully licensed online casinos that are controlled by renowned operators with solid reputations accept Skrill as a viable payment solution. For example, if you head over to the official Time2Play website, look out for their list of recommended Skrill online casino websites.
There are several trusted sites to choose from, some of which include the following:
- Borgata Casino (which is currently ranked at 88/100)
- Wow Vegas Casino (83/100)
- Party Casino (81/100)
- Bet365 Casino (78/100)
- Sweep Slots Casino (71/100)
These five fully licensed casino sites all accept Skrill. Deposits with Skrill are generally processed in an instant, and it can take anywhere from two or three hours up to usually no longer than two days for online casinos to process your Skrill withdrawals.
Will Skrill ever become the new PayPal?
It’s not likely that Skrill will become the new PayPal, the latter of which has a much broader range. In other words, PayPal is still more widely accepted than Skrill.
However, this could change over the coming years, and Skrill could one day catch up to PayPal in terms of how many sites it’s accepted at. For the time being, though, PayPal is still the more popular and dominant payment option.
One of the main reasons why Skrill is preferred by many is because it’s a tiny bit cheaper. For some people, this slight difference in the payment processing/service fee makes all the difference, and so they choose Skrill over PayPal.
What makes Skrill and PayPal so popular?
Both Skrill and PayPal are extremely easy to use. They are a convenient way to pay for things at the checkout, and you can top up your Skrill/PayPal accounts in many ways. Also, you can do more than just pay for things and send/receive money with these two popular e-Wallets/digital wallets.
For example, both companies offer physical prepaid cards that you can use at ATMs and point-of-sale machines in the real world. You can also buy and sell cryptocurrencies via their in-house trading platforms and benefit from both companies’ amazing loyalty rewards programs.
The more you transact using PayPal or Skrill, the more loyalty points you will earn, which can eventually be redeemed for cold hard cash.
What should I use, PayPal or Skrill?
At the end of the day, PayPal and Skrill are basically the same, apart from a few subtle differences. The only real difference is that PayPal is accepted at more sites than Skrill. They are both worth signing up to, and so it all boils down to personal preference.
If you’re looking for an Alternative Payment Method to pay for things online instead of traditional methods, such as Visa, MasterCard, or bank transfers, then either PayPal or Skrill is worth considering.
If you already have a PayPal or Skrill account and want to sign up to an online casino and use one of these methods to deposit and withdraw, the best thing to do would be to head to the casino’s cashier section before signing up, just to check that your preferred method is accepted.