When people are looking for the best payment method for their casino ventures, they are usually analyzing Skrill vs PayPal. There are many things that people should look for before joining an online casino, like security, reliability, selection of games, and bonuses, but the payment methods you can use there are equally important.

Today, it seems that in addition to the classic debit/credit card banking options, most online casinos are offering Skrill (formerly known as Moneybookers) and PayPal. These casino Skrill and casino PayPal options are growing in terms of popularity because they come with many advantages.

• Compare Skrill vs PayPal
• Learn more about their main features
• Discover how and when to use them in the best way

In order to find out which option is the best, you must take a few things into account. By analyzing all the things that these payment methods are providing, you should be able to maximize the results of your online gambling experience. Here’s our basic guide that will help you compare Skrill and PayPal.

1. Becoming a registered user

Obviously, just like in the case of every other payment method used online, people have to become registered users in order to send and receive money with any of these two options. The good thing is that this process is quite easy no matter whether you want to use PayPal or Skrill.

Both options will ask you for basic personal information (address, full name, etc.). It’s crucial to use the correct information if you want to avoid problems in the future. This is especially important when it comes to online gambling because both these payment services and online casinos require correct information.

As we said before, the registration process is simple and users should finish it in a couple of minutes. After that, they can verify their account. Keep in mind that you don’t have to verify your account, but you will have limits when it comes to receiving and sending money on a daily, monthly or annual basis.

The verification process you can expect from these payment services is not the same, but the basic objective is the same – you should provide information that can confirm your identity and link your account to your bank account. It usually takes less than a day to verify your casino Skrill account. In some cases, it will take up to 48 hours to verify your casino PayPal account.

• The process of registration and verification on Skrill and PayPal is simple
• The registration process lasts for a couple of minutes
• Verifying your identity and banking info is faster on Skrill

2. Accessibility

PayPal was launched back in 1998. This is an American-based company which has thousands of users all over the world. As a matter of fact, PayPal is a service that can be accessed in over 200 countries and regions globally. However, we should mention that not all users can send and receive funds via PayPal.

Namely, in some countries like Belarus and Macedonia, people can only send money without an option to receive and withdraw money which is quite important when it comes to online gambling. So, technically, users can use the entire package offered by PayPal in 81 countries/regions at the moment.

Skrill (Moneybookers), on the other hand, was introduced in 2001. So, this online payment service is not as old as PayPal, but it definitely has a long history. This is a UK-based company which is also present in more than 200 countries and regions.

The good thing is that Skrill allows sending, receiving and withdrawing funds in more countries than PayPal. In addition, it supports more than 40 fiat currencies compared to over 20 fiat currencies offered by PayPal.

• Both options are available in over 200 countries and regions in the world
• PayPal is slightly older than Skrill
• In many countries, people can only send money via PayPal, but can’t receive and withdraw money

3. Acceptance

If you take a look at different statistics, you will notice that PayPal has way more users compared to Skrill. There are a few reasons for that, but the most important one is the fact that PayPal has managed to establish relationships with more platforms.

Most eCommerce websites and websites where visitors can send or receive money have PayPal as an option. However, the situation is a little bit different when it comes to online casinos.

Namely, if we compare casino Skrill and casino PayPal options, we will notice that there are at least three times more casinos where you can use Skrill. It is very likely that this difference comes as a result of the acceptance of online gambling in the United States where PayPal is headquartered compared to UK-based Skrill.

Without any doubt, the online gambling market is much more liberal in the United Kingdom and this can explain the difference.

• PayPal is a more popular payment method overall
• Skrill is accepted in three times more online casinos on average than PayPal
• The thriving UK casino market plays a role in acceptance

4. Bonuses and promos

There are many things that players like about online casinos, but one of the most important things is the fact that you can use many generous bonuses and promos when you are using sites like this. These bonuses come in different forms and they are created for different reasons.

In many Internet-based casinos, players can find bonuses and special promotions depending on the payment method they’ve selected.

To be honest, both PayPal and Skrill are payment options with a long history which means that they already have thousands of users and most Internet users have heard about them. So, it’s the newer payment methods that usually offer some kind of promotions.

Generally speaking, casino PayPal options which don’t have Skrill in their offer can provide bonuses to those who are considering depositing PayPal funds and vice versa. Yet, the number of such bonuses is very small and you should consider yourself lucky if you find such a bonus.

• Online casinos are offering all kinds of bonuses and promotions for new and existing user
• Some casino sites provide bonuses for users that are relying on specific payment options
• There are only a small number of online casinos where you can find bonus for Skrill and PayPal deposits

5. Deposit Fees

We have already pointed out that users like PayPal and Skrill (Moneybookers) for different reasons, but most of them prefer these methods over other electronic payment options because there are no fees involved. In other words, when you are using PayPal or Skrill to deposit money for the first time or even when you are doing this for a while, you should not expect a fee on your deposit.

• Skrill and PayPal don’t have any fees on deposits
• There are fees for many other payment methods used in online casinos

6. Withdrawal fees

Unfortunately, the situation is a little bit different when it comes to withdrawals. Once you earn some money on your favorite casino site, be it a casino PayPal site or a casino Skrill site (or an online casino that accepts both solutions), you will probably want to withdraw the winnings.

So, players should expect certain fees, but the good news is that these fees are not very big. What’s interesting is that the fee structure is different in these two methods. First of all, generally speaking, Skrill requires 4.9% fee of the total withdrawal.

On the other hand, PayPal charges 3.4% of the total withdrawal amount as well as 20p per transaction. It’s obvious that PayPal charges people less. Additionally, we should mention that moving your funds from one account to another between Skrill users is not free.

Namely, there is a 5% fee when you want to transfer money in this way via Skrill and no fees when it comes to PayPal internal transfers. Keep in mind that most online casinos won’t apply any additional fees to these transfers.

• Online casinos usually don’t charge additional fees to Skrill or PayPal withdrawals
• There is a fixed percentage per transfer for every withdrawal request via Skrill or PayPal
• PayPal typically charges less, but it also cuts a small fixed amount of money too

7. Deposit processing times

According to many surveys, online casino users are fond of payment methods like PayPal and Skrill because the processing times are short. This is especially true when it comes to placing deposits in online casinos which accept these methods.

What is really great is that most casinos will process the deposits in a matter of seconds. This means that you can start playing your favorite casino games right away. There is no need for additional verification and confirmation when you are using these two methods.

• Instant deposit processing times for both PayPal and Skrill
• No need for additional verification and confirmation

8. Withdrawal processing times

While it’s true that users have to wait for some time after they initiate the withdrawal process via PayPal or Skrill in their online casinos, it’s also true that these two methods are one of the fastest they can find there.

First of all, Skrill withdrawal requests are usually processed in less than 24 hours. There are just a few cases where casino Skrill sites are processing requests in up to 48 hours. This also means that this job can be done in 12 hours too.

On the other hand, PayPal has made an effort to cut this waiting period even more. So, in most cases, casino players have to wait for a couple of hours before their account is topped up with the money they have withdrawn from their favorite online casino.

Another thing that we should mention about withdrawal processing times is that most online casinos have their own processing times which are not related to these payment services. This means that some of them have verification processes that last a day or two before the request is redirected to the payment service.

• There’s a waiting period for withdrawal requests via PayPal and Skrill which is shorter compared to most payment methods
• PayPal processes these requests faster on average compared to Moneybookers
• Every online casino has its own verification process which usually lasts for a day or two

9. VIP features

Let’s be clear – online casino players are used to be treated like very important persons. This is quite understandable because there are so many online casinos out there and the competition is fierce. It seems that the electronic payment services like PayPal and Skrill are following these steps too.

When it comes to Skrill, you can expect many perks as a casino player and loyal user in general. When you spend a significant amount of money in three months, you can get a VIP status.

They have developed a VIP program which promises special promos, additional security, lower fees and dedicated professional support which is available 24 hours a day, 7 days a week.

In order to become a member of this program with a Bronze status, you must spend more than 6.000 Euros in three months. The Silver program will become available to you once you spend more than 15.000 Euros in this period of time.

If you manage to spend more than 45.000 Euros you will become part of the Gold program and with 90.000+ Euros spend you will use the perks provided by their Diamond program. Obviously, just like a VIP status in an online casino, you can expect more perks with every new level you unlock.

You should not expect a VIP program for loyal users if you using PayPal. However, this doesn’t mean that you can’t expect privileges as a loyal PayPal user. As you probably know, PayPal has a special MasterCard. When you are using this card on the Internet, you are earning points.

These points can be used for getting prize cards, gift cards, cashback offers, travel vouchers, discounts and more. Users are able to use these points in a wide range of land-based and online stores where they can buy different products and/or services.

• Skrill has a special VIP program
• PayPal lets you earn points if you use their MasterCard
• Both options provide interesting perks

10. Advantages of using Skrill in online casinos

First and foremost, Skrill allows a safe and simple transfer of money in the form of an eWallet. It’s ideal for online users who want to transfer money to and from online casinos without security hassles. Using Skrill is easy because it requires logging in with the help of an email address and a password to transfer money.

This UK-based service is used by millions of people around the world (in over 200 countries and regions). Using Skrill promises instant deposits and fast withdrawals that don’t usually don’t take more than 24 hours to be completed.

With Skrill, there’s a fixed percentage that is deducted from your withdrawal request in the form of a fee. As a professional payment service, Skrill also provides professional customer support service which is available all the time.

Most of the issues related to this payment service are resolved in a matter of minutes. Additionally, Skrill is available in more casinos compared to PayPal. With the help of Skrill, regular and loyal users can become VIP members. Being part of Skrill’s VIP program means using a wide range of perks.

• Skrill has a special VIP program for loyal users
• Skrill is available in a wide array of online casinos
• It promises instant deposits and fast withdrawals

11. Advantages of using PayPal in online casinos

PayPal is an older electronic payment service based in the United States. Today, it’s used by more than 280 million users in over 200 countries and regions across our planet. Many of these users are focused on gambling activities on popular casino sites.

Depositing and withdrawing money with the help of PayPal is a completely secure activity because PayPal has a few security certificates that are updated all the time. Just like in the case of casino Skrill options, casino PayPal options provide fast transfers.

Depositing money is instant and it takes less than 24 hours for the money to be processed and withdrawn to your account once you initiate a withdrawal request in your favorite online casino.

It’s good to know that the processing fees are slightly lower compared to Skrill, but PayPal can’t be found in as many casinos as in the case of Skrill. PayPal also has a mobile application which works better than Skrill’s mobile app.

With the help of PayPal, you can also get MasterCard card which you can use on the Internet and in land-based stores. PayPal might not have a VIP system, but it has a loyalty scheme which is based on earning points.

The more you use their card, the more points you will get. All in all, both PayPal and Skrill are excellent options for online gambling activities and we hope that this guide will help you make the right choice when you are selecting a payment method in an online casino.

• A very popular payment method
• PayPal guarantees safe, secure, and fast transfers of money
• It’s available in many online casinos around the world