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Until recently, players who use Skrill to make casino payments were limited to a single currency, but that has changed. The web wallet service announced that it has launched a multiple currency feature.

The news means that using the service has become much simpler for those who want to play pokies or make online payments in more than one currency. The new feature is available only in Skrill web wallets, and not those of its sister company, Neteller. Both brands are owned by the Paysafe Group.

Only One Account Needed

Before the launch of the new feature, the only Skrill users who were able to use multiple currencies were those who had achieved the service’s Silver VIP level. The feature has now been extended to all standard accounts.

Previously, if casino players wanted the option of multiple currencies, they would have needed to create several different web wallets with the service. A different currency would be linked to each of those accounts. Now, however, the new feature means that only one account is needed.

How It Works

When creating a Skrill web wallet, players can select a main or default currency, and they can store additional currencies as alternatives. If players want to add even more new currencies at a later date, they can do so when making a deposit with a credit card.

One of the benefits of setting up a new currency account is that conversion fees will not be applied to funds such as online casino withdrawals received in the web wallet. If players continue using their old accounts, funds received will be converted into the primary currency, and a conversion fee will be applied.

Closer Look At Conversion Fees

According to reports, standard Skrill users will be subject to a 3.99% conversion fee. Bronze VIPs will be subject to a 3.79% conversion fee, while those at Silver, Gold, and Diamond levels will be subject to 2.89%, 2.59%, and 1.99% conversion fees respectively.

Conversion fees will be applied to Skrill MasterCard and to cryptocurrency conversions irrespective of whether players have new or old accounts. Those conversions are connected to the core account and the primary currency.

Another Innovation For Skrill

The multiple currency feature is the most recent innovation of which casino players can take advantage. In 2018, Skrill made it easier for players to purchase various cryptocurrencies using Bitcoin.

The service allows cryptocurrency purchases to be made without the need to convert Bitcoin into regular currency first.

Playing casino games online involves real money. That’s why it is important to take care of every aspect of it. Casino bankroll management is a concept that can help you be a successful casino player. While it cannot help you beat the game, it can save you from turning into a loser. Knowing how much you can afford to gamble is the first step to mastering the art of casino bankroll management. Another thing that can help you manage your bankroll efficiently is to know which payment method is perfect for you. In this article, we bring you information that can make you decide which casino deposit method may be the most suitable for you.

Safety is the Number One Priority

When joining an online casino, you will be faced with multiple options. It is not only about choosing casino games. You need to select a banking method you will use to fund your casino account and withdraw your winnings from it as well. If you want to win real money payouts, you need to wager real money and whenever real money is involved, you should think about safety. Signing up with a reputable online casino that holds a license issued by a trustworthy gaming authority is the first step towards ensuring that you will enjoy a safe gaming experience. Such a gaming establishment supports safe and convenient banking methods you can use without worries.

However, certain payment methods are safer to use than others when it comes to online transactions. For instance, when you use your credit or debit card, you need to provide the casino with sensitive details such as your card number. Although a reputable online casino won’t compromise your data, revealing them to the third party always comes with a risk. That’s why payment methods that serve as a link between your credit card or bank account and your casino account are more convenient and safe to use. Think about e-wallets that enable you to carry out your transactions externally. If you have ever used any e-wallet like Skrill or PayPal, you know what we are talking about. Once you set up your e-wallet, you need to login into your account through the casino website to complete your transaction, which adds another layer of security.

Transactions Should Be Processed Fast and Free of Extra Costs

Today, deposits are processed instantly in most cases. On the other hand, cashing out may take some time, which depends on the preferred banking method. If you want your transactions carried out quickly, check out which the fastest banking options are. In most cases, they are e-wallets while bank transfers typically take so long, which is their biggest drawback.

What can help you save your bankroll and play casino games longer is to avoid paying transaction fees. This is one of the most important aspects you need to take into consideration when choosing a payment method. When it comes to fees, you need to study all the terms and conditions, imposed by the casino and the payment service provider as well. Some costs may not be visible at once. For example, transferring your funds via e-wallets is typically free of any additional costs charged by the casino. However, when you want to upload funds to your wallet or clear money from it, you will probably have to pay a certain fee. Fees differ from brand to brand and sometimes their rate depends on the country you are coming from.

Bitcoin and other cryptocurrencies are more and more popular with online casino players lately. They allow players from countries that have not regulated online gambling yet to play real money casino games. While transactions in virtual currencies are processed in no time and typically have no fees, you should keep in mind that they are quite volatile. The price of Bitcoin fluctuates often, which can affect your bankroll. If you want to buy any of cryptocurrencies or turn them into a fiat currency, you will have to pay a conversion fee though. Speaking of conversion fees, always look up for those casinos that accept your local currency so that you don’t have to spend money on these expenses.

Payment Method Can Earn You a Bonus

Certain casinos host recurring or one-time promotions where you can obtain a bonus for using a certain payment method. This is a nice way to give your balance a boost. Yet, you should pay attention to all the terms and conditions under which this payment method operates. You don’t want to choose a solution that will earn you a bonus once while charging fees on each transaction you make.

There are also casinos that exclude users of some e-wallets from welcome bonuses and promotions. That’s why it is of the utmost importance to read the terms and conditions thoroughly before you opt for a certain banking method.

In Conclusion

To sum up, if you want to make the most of the money you deposit to the casino, you need to be careful about the choices you make. Read the terms and conditions and choose those payment solutions that will be the most convenient for you in the long run. We have provided you with the most important criteria you need to pay attention to, but there is no general advice that applies to all casino players. The factors that may affect your choice are manifold, so make your decision wisely taking into account all of the above.

New Skrill Casino Payment Method Feature

Choose the Right Payment Method to Efficiently Manage Your Casino Bankroll