Skrill has been a leading e-wallet payment option for many years. It was one of the first popular ways to make payment to online casinos and forex broker accounts as the internet was starting to take off at the turn of the 21st century.
It was originally called Moneybookers and was first set up in 2001. Over the years, Skrill has undergone a number of different transformations that has turned it into what it is today. If you are in Nigeria and looking to use Skrill, read on for everything you need to know.
Why Use Skrill?
There are many different reasons why Skrill is a standout payment option, no matter what your needs may be. Let’s take a look at the benefits of using Skrill in Nigeria.
Safe and secure
One of the best things about Skrill is that you do not have to disclose any of your personal financial information to the third-party merchant when you are making a transaction. You simply load funds onto your Skrill account and can then easily use them to make different types of digital payments.
There is no need for an online casino or forex broker to receive any of your financial information when you use Skrill, meaning you can avoid potential security liabilities. Simply provide your Skrill username and password and you will be good to go.
Very easy to use
The other great advantage so that Skrill does not take long to sign up for and to get started using it. You can be ready to add funds to your online casino or forex broker account in a matter of minutes by using Skrill.
You just need your username and password when making a digital payment. There is also the ability to get a debit card from Skrill that allows you to withdraw from ATMs. Payments using Skrill are just as fast or faster than all of the popular digital payments out there today, and it offers significantly faster withdrawal times than bank cards and bank transfers.
Step 1: Open a Skrill Nigeria Account
Once you have decided on using Skrill as a way to add funds to your online casino or forex broker account, you’re ready to get started.
Go to the Skrill website through your mobile phone or through a desktop computer. Click ‘Register’ and fill in key info such as your full name, country, preferred account currency, email address and your password. By clicking ‘Register’ you will then be agreeing to the site’s terms and conditions.
Step 2: Fund Your Skrill Account
Once that you have your account opened, you will be ready to add funds to this account. Click the ‘Deposit’ option on the menu and choose one of the available methods on offer. Enter how much you wish to deposit and your relevant transaction details. You will clearly see if there are any fees attached to using a given deposit option, as well as how long it will take for the funds to reach your Skrill account.
Step 3: Select Your Skrill Casino or Forex Broker
Once you have added your funds to your Skrill account, you will be ready to put them to good use. Two of the most popular uses of Skrill these days is for funding online casino or forex broker accounts, and there are many different platforms available in Nigeria. Here are the best online casino and forex broker options for using Skrill in Nigeria today:
1. Sloto’Cash Casino - Best Skrill Nigeria Online Casino
Sloto’Cash Casino first started its operation back in 2007 and ever since it has been looking at ways to continually expand its customer base with the addition of new games. Its parent company, Deck Media, has a long track record of operating many different online casinos that have been very successful.
Sloto’Cash Casino is licensed in Curacao and Real Time Gaming – a true market leader – is the main software developer for this platform. You can, therefore, be sure that the casino games on Sloto’Cash Casino are fair and transparent, as they are independently tested.
If you enjoy playing slot games, there are countless different choices to check out. The types of slots are broken down into categories, ranging from 5-reel, 3-reel, 6-reel, bonus slots, progressive jackpots and floating symbols. There is a type of slot for all types of players. Some of the more popular titles on offer include Cash Bandits and Cleopatra’s Gold.
For table game players, all of the fundamental variants are well looked after. You can choose different types of roulette and blackjack, with a few different casino poker options and a baccarat game. For video poker fans, Sloto’Cash Casino is one of the best in the business – there are dozens of quality video poker games to play. For specialty games, you can enjoy the likes of keno and craps. You can also be in with a chance of winning it big through the progressive jackpot slots, with millions of dollars being up for grabs.
The design of the site is a tad outdated, but it is still extremely fast and easy to use. There is the ability to play at Sloto’Cash Casino through your mobile and if you ever have an issue, you can get in touch with the support team around the clock no matter what day or time it may be. If you are signing up for a Sloto’Cash Casino account for the first time, there is a massive welcome offer, allowing you to get bonus funds of as much as $7,777 and 300 free spins.
Overall, Sloto’Cash Casino is ideal for those who are looking to use Skrill in Nigeria to fund an online casino account and play the best games around.
- Large choice of different titles
- Massive welcome bonus offer
- Customer support available 24/7
- Fast site speed
- Outdated design
2. ForexTime - Best Skrill Nigeria Forex Broker
ForexTime has been in the online broker space since 2011 and its main area of expertise is forex and CFD trading. A number of leading regulators globally oversee the operations of ForexTime, such as the Financial Conduct Authority (FCA) in the UK, so it’s a very secure and trustworthy platform.
For trading forex, there are more than 50 currency pairs that you can trade. You also have CFDs for the likes of stocks, commodities, indices and cryptocurrencies. There is leverage available, varying depending on the asset type you are looking to trade.
One of the best aspects of ForexTime is that there is a very good fee schedule in place; the CFD fees, in particular, are extremely low and forex trading fees are also pretty competitive. ForexTime just offers standard MetaTrader trading platforms rather than proprietary offerings, but these are still very good platforms. Most traders will have used them before, and there plenty of research and analysis tools being available.
All in all, ForexTime is a good choice for beginners and experienced traders alike, particularly if you are looking for low fees.
- Well-respected broker
- Low fees
- Good research and analysis options
- Very user friendly
- CFD options somewhat limited
Step 4: Fund your Casino or Forex Broker Account
As soon as you have decided on what online casino or forex broker you want to use, you can then add funds to your respective account by using Skrill.
For Sloto’Cash Casino
To create your new Sloto’Cash Casino account, you need to go to the casino’s website either through your mobile or desktop computer. Click on ‘Sign Up’ and fill in the key personal info. This includes setting a username and password, as well as agreeing to the terms and conditions of the platform.
Now that you have your account ready to go, you can start to deposit funds by choosing the ‘Cashier’ menu item. You will then see what different options are open for you to use. Select Skrill, add your Skrill address, password and how much you wish to deposit. You will then be good to go, with these funds usually appearing in your account almost immediately.
Visit the ForexTime website and then click ‘Open Account’. Fill in the personal info, as well as your contact details and setting a password. A PIN code will then be sent via SMS to your phone. This code needs to be entered in order to activate your ForexTime account. Once you confirm the terms and conditions, you will then be able to add funds to the account.
Click on ‘My Money’ and then ‘Deposits’. You will see the available deposit methods, choosing Skrill. Simply enter the size of the deposit, as well as your Skrill username, password and then the funds should process almost straight away.
Step 5: How to Withdraw Your Funds
If you have managed to build up some funds in your Sloto’Cash Casino or ForexTime accounts, you may then want to withdraw funds to your Skrill account. Here’s how to do it.
For Sloto’Cash Casino
After logging into your Sloto’Cash Casino account, select ‘withdraw’ and choose Skrill as your preferred method. There is a minimum withdrawal of $20 that you have to make, with the max being $2,500. Enter the amount you are looking to withdraw, as well as your Skrill address. After the withdrawal request has been approved by the casino, your funds should then hit your Skrill account within just a few hours.
Log into your ForexTime account and click ‘My Money’ and then ‘Withdraw’. Choose Skrill as your preferred option and how much you want to take out. Sometimes you will be asked to enter the PIN code for your ForexTime account at this point.
After you enter your Skrill details and confirm the transaction, the funds should hit your Skrill account in just a few hours. You will need to have verified your ForexTime account before you are able to make your first withdrawal. This entails providing proof of ID and proof of address.
Step 6: How to Withdraw From Skrill to Your Bank
If you have accumulated some funds in your Skrill account that you would like to have in your bank account, simply click ‘Withdraw’ and select the bank account option. This will take 2 to 5 business days for your funds to reach your bank account. Some account holders will also have the option to withdraw using a Visa credit card.
Skrill Fees & Other Expenses
For local payment methods, like bank transfers and major credit and debit cards, it’s free to add funds to your Skrill account. There is a 1% fee for depositing via Neteller, Paysafecard and Bitcoin.
When withdrawing from Skrill, there is a $5 bank transfer fee and a 7.5% processing charge if using Visa. There are no fees for making Skrill transfers or using to fund an online forex broker or casino account.
As you can see from this guide, there are a lot of perks of using Skrill for your online casino and forex trading endeavors in Nigeria. The process is very simple and there are fast transaction times that will not be beaten elsewhere, so it’s easy to see why Skrill is so popular.
If you do want to use Skrill for online casino play or forex trading, check out the two top platforms below. All you have do is click on the links, sign up, fund your account with Skrill and you can then play casino games or trade forex today.
Our Recommended Skrill Nigeria Casino
- Great Selection of Different Game Types
- Large Welcome Bonus Offer
- Customer Support Open 24/7
- Very Good Site Speed
Our Recommended Skrill Nigeria Forex Broker
- Very Good Fee Structure
- Strong Research Capabilities
- Easy to Use
Is there an inactivity fee with your Skrill account?
Yes, if you have not made a transaction through your Skrill account in a 12-month period, there will be a $5 inactivity fee charged from your account every month. Your account balance cannot go into the negative.
Are there currency conversion fees with Skrill?
There is a 3.99% fee added by Skrill on top of the wholesale exchange rates when using Skrill.
How can you get a Skrill prepaid MasterCard?
Most Skrill account users can get a Skrill Prepaid MasterCard that can be used like a normal debit card, including being able to withdraw funds through an ATM.
Is there a Skrill loyalty program?
Every time you use a Skrill Prepaid MasterCard when making a transaction, you will start accumulating Knect loyalty points. These build up over time and will be redeemable for the likes of rewards, bonuses and loyalty points.