Skrill for Casino Players in Malaysia
Formerly known as MoneyBookers, Skrill has been providing its services worldwide since 2001. Skrill is an e-wallet which links your bank account, credit card or other banking option with an online casino you play at. Known for carrying out online transactions in a safe and fast way, Skrill can be your banking method of choice when it comes to playing at online casinos Malaysia. You can use it to fund your online casino account and if you have been lucky enough to win, you can also clear your winnings via Skrill with no worries about safety of your data and your transactions.
With online gaming still in a legal grey area in Malaysia and authorities trying to curb the activities related to it, one of the most important things Malaysia players should pay attention to is choosing a convenient banking method. As real money gambling on the internet involves transferring real cash, a banking method of choice needs to be safe above all. Stay with us to find out how to set up a Skrill account and carry out your transactions via it at online casinos Malaysia.
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How to Set up an Account
Make Casino Deposits with Skrill
To make deposits via Skrill you should visit the cashier’s at the online casino you are registered with. Choose Skrill as a payment option and enter a preferred amount. Click on the Next button to log in to your Skrill account and complete your payment via your credit card or bank transfer in SGD. Deposits via Skrill are typically free of charge and they are instantly processed meaning that your funds will be immediately available for wagering on your favourite casino games.
If you want to use a welcome bonus as a new player, you should read the bonus terms and conditions. Keep in mind that Skrill users are not eligible to receive welcome bonuses at certain casinos. On the other hand, a number of casinos treat their players with bonuses when making payments with Skrill, so these casinos might be a perfect fit your you if you have opted for Skrill as a banking method.
Make Withdrawals with Skrill
To make withdrawals with Skrill at online casinos Malaysia you should also go to the cashier’s and choose Skrill as a banking method. Enter the sum you want to cash out and log in to your Skrill account. When your winnings are transferred to your Skrill account, you can send them to your credit card or your bank account. Just as deposits, withdrawals will be processed quickly and in a safe way.
Fees and Timeframes
Before you start processing your transactions via Skrill, visit the banking section at the online casino Malaysia you play at to learn all about fees and timeframes. In most cases, online casinos do not charge fees on transactions made via Skrill. What you should keep in mind is that Skrill charges fees on your money transfers from your bank account or credit card to your Skrill account and vice versa. The fees are charged according to the list given on the Skrill website and they depend on the banking option you use. For instance, uploading funds via bank transfer and Maestro Card is free of charge while the same transaction via global payment methods such as Visa, MasterCard of American Express comes at a fee between 1.90% and 2.50%. When transferring your funds from your Skrill account to your bank account via bank transfer you will be charged a €5.50 fee while transfers to VISA cards are charged 7.50%.
E-wallets including Skrill are among the most popular banking methods for the fastest transactions. Not only that your funds will be instantly transferred to your casino account when you make deposits but your withdrawals will be also processed quickly though not immediately. In most cases you will need to wait up to 48 hours for cashouts to be processed, but it is much faster than carrying out transactions via other withdrawal options available. You should also remember that some casinos apply pending period policy which means that in addition to the time needed for a transaction to be processed you should wait for another 48 hours. If you change your mind and you want to cancel your requested withdrawal, most casinos will allow you to do it and return your money back to your casino account to continue playing.
Advantages of Using Skrill in Online Casinos
One of the biggest advantages when it comes to using Skrill for funding your account and clearing your winnings from it is that it provides you with a certain degree of anonymity while playing at online casinos. What that practically means? Well, as a Malaysia player, you don’t have to worry about your bank account or credit card safety while using Skrill for your casino transactions. This is due to the fact that you don’t have to reveal your financial data to the casino you play at as transactions are carried out via your Skrill account. Your Skrill account will be a link between your credit card or bank account and your casino account and all your transactions will be totally protected.
Besides guaranteeing quick and safe transactions and privacy, Skrill also saves your money. It accepts Malaysia players who are allowed to use their national currency for processing transactions via this banking option. That’s how you avoid the payment of additional costs such as exchange fees and what’s more, you have more time to spend it playing your favourite casino games. Look out for online casinos Malaysia which give away bonuses to Skrill users and enjoy online gaming to the fullest. Mobile players can also use the Skrill 1-Tap option to to fund their accounts on the move.
Yes, Skrill is considered a safe payment method for online casino transactions. It uses high-level encryption and security measures to protect users’ funds and personal information. Moreover, since it is a digital wallet, users do not need to share their bank account or card details directly with the casino, which adds an extra layer of security. However, users should always ensure they are playing on reputable casino platforms that are known to safeguard customer data.
Skrill is typically offered as both a deposit and withdrawal method at online casinos that accept Malaysian players. It allows for quick and convenient transactions in both directions, making it a popular choice among players. However, it’s always advisable to check the specific casino’s banking options as some casinos might have different policies for deposits and withdrawals.
Skrill may charge transaction fees for certain operations such as currency conversion or when transferring money to and from the Skrill account. However, many online casinos do not impose additional fees for deposits or withdrawals made with Skrill. It’s important for players to review both Skrill’s fee structure and the casino’s policy on transaction fees to avoid any surprises.
Skrill transactions are known for being quick. Deposits made through Skrill are usually instantaneous, allowing players to start playing without delay. Withdrawals can vary depending on the online casino’s processing time, but once released, the funds should appear in your Skrill account within 24 hours. Some casinos may have instant Skrill withdrawals, while others may take a couple of days to process the request.
If you encounter issues with your Skrill transaction at an online casino, the first step is to check whether you have sufficient funds in your Skrill account. Also, verify that you’ve entered all the required details correctly. If everything is correct on your end, you should contact the casino’s customer support for assistance. If the problem persists, reaching out to Skrill’s customer service may help resolve any account-related issues.
My name is Aidan Lee Chong and I am Founder and Editor in Chief of BestCasinoMalaysia.com. I was born in Kuching in September 1981. I love to play live dealer baccarat and I have a passion for writing. My career started at Genting Group (Genting Casino Malaysia). I hope you enjoy the read. If you want to get in touch with me, you can do so in several ways.