The interesting story of Moneybookers / Skrill

The interesting story of Moneybookers / Skrill

Banking at online casinos is one of the key factors in operating a successful online gambling business. Online casino brands tend to be offering a wide range of payment options in their cashier where players can recognize their local payment option and or explore new ways of funding their accounts. In most of the cases, you should be aware that depending on your geographical location there might be certain restrictions in terms of the payments methods which are listed in the cashier. 

Another method for depositing that has gained significant traction in the online gaming industry is the digital wallet. The digital wallet is widely accepted as a payment method as a player doesn’t get to share their credit and debit card details directly with online casinos and bookies. And on the other hand, digital wallets provide the customer certain degree of privacy. Players uploading funds from their bank account into the wallet leave not financial breadcrumbs that they were gambling online.

An interesting story that many of the players don’t really know is the origin of the digital wallet Skrill (formerly known as Moneybookers). The idea and the technological solution go long back in the offices of one of the first online bookmakers Gamebookers. The developers and the management were looking into the idea of launching a method which one side protects the data of the user and acts as a mediator between the bank and the online bookmaker, and other side lets the user use his email as unique identification when creating an account and sending money around.

They beta- launched the digital wallet as part of their portfolio of payments and in a short period of several months, the payment method became a popular way of funding the newly registered accounts. The management of the company sooner found out that can extend the service and let the players transfer money between account using their email, and the payment method became a quite popular way of exchanging funds among the players first on their own brand Gamebookers. Then the company took upon its own path becoming now one of the most important digital wallets globally rebranding from Moneybookers to Skrill in late September 2011.

Skrill, Neteller, Ecopayz, Paypal are all digital wallet that the modern casino player knows, trusts and uses some of them in his day to day interactions with friends, family or other online retail business. Even though most of the players come on the online casino brands websites already and they have already decided what will be the way of funding the account. It is sometimes worth looking into the promotions section, as casino brands tend to offer generous offers related to a specific payment method.

The reason for the promotions that are related to a specific payment method is very simple: With the increased pressure of local regulations, online casino brands are exploring the payment landscape and searching for new payment options that can be flexible and trustworthy enough to be offered to the players. Players should not be afraid to try out new payment methods.

In most cases, casino brands have gone through the lengthy way of due diligence with the payment provider and you can be assured that your money is safe with the payment method.