Skrill Fees, Limits, Time

Skrill is a popular payment method among online live casino players in Singapore. However, do keep in mind that there will be some fees for making live casino Skrill deposits and withdrawals. The processing times for casino payments with Skrill can vary depending on your chosen casino. If you ever face any issues related to Skrill casino payments, you can always reach out to customer support. Before diving into Skrill live casinos, remember to compare them as it offers low processing times and high security. In this guide, we from CasinoRank will cover everything you need to know about Skrill fees, limits, and payment methods when using it for online live casinos in Singapore.

Skrill Fees for Singapore Live Casinos

Skrill fees can vary depending on the transaction type and the currency you're using. Depositing funds into your Skrill account via bank transfer or even credit/debit card is typically free. However, withdrawing funds from your Skrill account to your bank account or card may incur a fee. Skrill also charges fees for certain transactions, like currency conversions and sending money to non-Skrill users. Since Skrill transactions can vary depending on both your casino and payment method, it's crucial to check them specifically to avoid any unexpected charges.

• When it comes to topping up your Skrill account, you can enjoy Bank Transfers and credit/debit cards with 0.00% fees. However, Rapid Transfers will have up to a 1.00% fee, Trustly at 1.25%, and PaySafe Cards can go up to 5.00%.
• Withdrawals to your bank account from Skrill incur a 0.00% fee, but withdrawals to credit/debit cards can go up to 3.99%. Withdrawing crypto from Skrill has a 2.00% fee.

Skrill Limits for Singapore Live Casinos

Skrill has deposit and withdrawal limits in place for security purposes. These limits may vary depending on your account status and your location in Singapore. To find the most relevant information about the Skrill deposit limit for you, we highly advise you to check Skrill's official website directly.

Depending on the live casino you join in Singapore, you can find minimum Skrill deposit limits starting at S$1, and going up to around S$10. The casino usually sets the maximum deposit limits, but these are typically around S$30,000 - S$50,000.

On the other hand, withdrawal limits are generally higher. The minimum is about S$1.50 to S$15, and the maximum is typically around S$30,000 to S$50,000.

Skrill Account Fees in Singapore: A Breakdown by Transaction Type

Understanding Skrill's fee structure is essential before using it for your live casino transactions. Unlike some e-wallets, Skrill applies different charges based on both the transaction type and your account level.

Account Opening & Maintenance Fees

Creating a Skrill account in Singapore comes with no setup costs. The account itself is free to maintain, with no monthly subscription fees, provided you use it regularly.

⚠️ Warning: While account creation is free, maintaining an inactive account isn't. Skrill charges a €5 (approximately S$7.40) monthly inactivity fee after 12 months without transactions.

Skrill Deposit Fees in Singapore

Adding funds to your Skrill account can incur various fees depending on your chosen method:

• Credit/Debit Cards: 1.9% - 2.99% of the transaction amount.
• Bank Transfers: Usually free, but your local Singapore bank might charge a fee.
• Cryptocurrency: 1% conversion fee plus network fees.
• Prepaid Vouchers: Varies by provider, typically 1.5% - 7%.

💡 Pro Tip: Bank transfers are generally the most budget-friendly way to fund your Skrill account for casino deposits, although they might be slower than card payments at live casinos in Singapore.

Skrill Withdrawal Fees in Singapore

When transferring funds from Skrill to other accounts, anticipate these charges:

• Bank Account Withdrawal: A flat fee of approximately €5.50 (around S$8.14, but varies by country) applies.
• Credit/Debit Card Withdrawal: 7.5% of the transaction amount.
• Cryptocurrency Withdrawal: 1% conversion fee plus network fees.
• Skrill-to-Skrill Transfers: 1.45% of the amount (capped at €10, which is about S$14.80).

💡 Pro Tip: If you're withdrawing significant casino winnings, bank transfers offer better value despite the flat fee. For smaller amounts, Skrill-to-Skrill transfers might be more economical.

Currency Conversion Fees Explored

When depositing to casinos in a currency different from your Skrill wallet:

➡️Standard Conversion Rate: 3.99% above the mid-market rate.

➡️ VIP Members: Reduced rates starting from 2.99% (for Diamond tier).

⚠️ Warning: Be aware that some casinos might display amounts in one currency but process them in another. Always double-check the casino's processing currency to avoid unexpected double conversion fees.

Skrill Fees Overview for Singapore Players

Skrill Deposit and Withdrawal Limits for Singapore Players

Skrill implements a tiered limit system based on your verification level, which helps you manage your casino bankroll effectively while adhering to regulatory requirements in Singapore.

Default Transaction Limits in Singapore

Limits can vary significantly between verified and unverified accounts for users in Singapore:

• Unverified Accounts: Limited to approximately €1,000 in total transactions
• Basic Verification: Increases to around €10,000 annually
• Full Verification: Expands to €50,000-€100,000+ depending on region and usage history

💡 Pro Tip: Complete verification before planning large live casino deposits or withdrawals to avoid frustrating delays when you hit unexpected limits.

Tier-Based Increase

Skrill offers four verification tiers, each with progressively higher limits:

1. Unverified: Basic functionality with minimal limits
2. Verified Email: Slight increase after confirming your email
3. Identity Verified: Substantial increase after submitting ID documents
4. Enhanced Due Diligence: Highest limits after address and source of funds verification

Limits by Method

Different payment methods within Skrill have varying limits:

• Bank Transfers: Highest limits, especially for verified accounts
• Card Transactions: Mid-range limits, typically €10,000 monthly
• Crypto Transactions: Variable limits based on verification level
• Skrill-to-Skrill: Usually capped at €50,000 per transaction

Skrill Processing Times by Transaction Type

When using Skrill for online casinos, timing matters—especially when you're eager to play or withdraw winnings.

Deposit Timeframes

Getting funds into your casino account happens at different speeds:

• Card Deposits to Skrill: Instant in most cases
• Bank Transfer to Skrill: 1-3 business days depending on your bank
• Skrill to Casino: Usually instant once funds are in your Skrill account

💡Pro Tip: Keep a moderate balance in your Skrill account to avoid deposit delays when you want to play immediately.

Withdrawal Timeframes

Patience is needed when withdrawing from casinos via Skrill:

• Casino to Skrill: Typically 24-48 hours (depends on casino processing)
• Skrill to Bank: 1-5 business days
• Skrill to Card: 2-7 business days
• Skrill to Another Skrill Account: Instant

⚠️ Warning: Some casinos have mandatory "pending periods" before processing withdrawals, which adds time beyond Skrill's processing period.

Peer-to-Peer Transfers

Skrill-to-Skrill transfers offer the fastest option:

• Processing Time: Instant in most cases
• Availability of Funds: Immediately available for casino deposits
• Weekend Processing: Available 24/7, unlike bank transfers at live casinos.

Skrill Processing Time Comparison at Live Casinos

Skrill Fee and Limit Structure by Account Type

Skrill offers different account types and loyalty tiers, each with unique fee structures and limits relevant to casino players.

Personal vs. Business Account Differences

While most casino players use personal accounts, understanding the differences is valuable:

➡️Personal Accounts:

• Lower initial limits
• Standard fee structure
• Simpler verification process

➡️Business Accounts:

• Higher transaction limits
• Volume-based fee reductions
• More extensive verification requirements
• Merchant services not typically needed for players

Monthly and Annual Caps

Understanding the timing of limits helps manage your casino bankroll:

• Daily Limits: Apply to single transactions and 24-hour totals
• Monthly Limits: Reset at the beginning of each calendar month
• Annual Limits: Based on rolling 12-month periods, not calendar years
• Lifetime Limits: Some unverified accounts have permanent caps until verification

Cross-Border Skrill Transactions – Fees and Limits

International casino play often involves cross-border transactions, which come with additional considerations.

International Transfer Fees

When using Skrill across borders, expect:

• Additional Fee Layer: 1-2% surcharge for certain international routes
• Correspondent Bank Fees: Possible intermediary charges for some countries
• Regional Fee Variations: Higher withdrawal fees in some territories

Currency Conversion Impact

Currency differences between your Skrill account and casino can be costly:

• Double Conversion Risk: Converting twice (e.g., USD → EUR → GBP) multiplies the 3.99% fee
• Weekend Rate Adjustments: Higher spreads applied outside banking hours
• Currency Availability: Not all currencies are directly convertible

💡 Pro Tip: Maintain your Skrill account in the same currency as your most frequently used casino to avoid conversion fees altogether.

Sending vs. Receiving Abroad

Fee structures differ depending on direction:

• Sending to International Casinos: Usually no additional fees beyond standard charges
• Receiving from International Casinos: May incur cross-border receiving fees
• Bank Withdrawals Abroad: Higher fees for withdrawals to banks outside your country of registration

Conclusion

Skrill remains a popular payment option for online casino players despite its fee structure, primarily due to its wide acceptance, speed, and privacy benefits. By understanding the exact fee and limit structure, you can minimize costs while enjoying the convenience Skrill offers for your online gambling activities.