Skrill Fees, Limits, Time

Skrill is a popular payment method among online live casino players. However, there will be some fees for making live casino Skrill deposits and withdrawals, so you need to keep that in mind. The processing times for casino payments with Skrill will change, depending on your casino. If you have any issues related to Skrill casino payments, you can always contact customer support. Before jumping straight into Skrill live casinos, as it has low processing times and high security. In this guide, we from CasinoRank will cover what you need to know about Skrill fees, limits, and payment methods when using it for online live casinos.

Skrill fees can vary depending on the transaction type and currency used. Depositing funds into your Skrill account via bank transfer or credit/debit card is typically free. Withdrawing funds from your Skrill account to your bank account or card may incur a fee. Skrill also charges fees for certain transactions, such as currency conversions and sending money to non-Skrill users. As Skrill transactions may vary depending on both your casino and payment method, you need to check them in particular to avoid unexpected charges.

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

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

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

On the other hand, withdrawal limits are usually higher. The minimum is about $1.5 to $15, and the maximum is around $30.000—$50.000.

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

Creating a Skrill account 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 monthly inactivity fee after 12 months without transactions.

Deposit Fees

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

• Credit/Debit Cards: 1.9-2.99% of the transaction amount
• Bank Transfers: Usually free, but your 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 typically the most cost-effective way to fund your Skrill account for casino deposits, though they're slower than card payments at live casinos.

Withdrawal Fees

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

• Bank Account Withdrawal: Flat fee of approximately €5.50 (varies by country)
• 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)

💡 Pro Tip: If withdrawing large casino winnings, bank transfers offer better value despite the flat fee, while smaller amounts might be more economical via Skrill-to-Skrill transfers.

Currency Conversion Fees

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 at 2.99% (Diamond tier)

⚠️ Warning: Some casinos display amounts in one currency but process in another. Always check the casino's processing currency to avoid double conversion fees.

Skrill Fees Overview by Service Type

Skrill implements a tiered limit system based on your verification level, helping you manage your casino bankroll appropriately while meeting regulatory requirements.

Default Transaction Limits

Limits vary significantly between verified and unverified accounts:

• 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

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 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

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

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.