Online: Poker Tools – Zoom in on Skrill and its Multi-currency Wallet Feature

Digital wallets or what we mainly refer to as “e-wallets” have been around the online poker scene for years now. Offering secure, easy and reliable monetary transactions have encouraged many poker enthusiasts to take advantage of these characteristics. Skrill, an e-commerce business which allows payments and money transfers to be made wirelessly, was founded back in 2001 and has been around for almost two decades now.

Given its notable reputation and positive feedback within the years, Skrill has emerged to be one of the leading modes of payment for real money online gaming and is continuing with its steady growth to date.

Skrill Multi-currency Wallet

To keep up with customer demands, Skrill has launched a new feature for their digital wallet services late last year. The innovative multi-currency wallet allows clients to handle different currencies from within only one Skrill account. Prior to this, separate accounts were required for transactions involving different currencies unless the customer is under the Skrill Silver VIP status or higher. 

The new feature is fairly easy to use by simply adding a second currency account and making a credit card deposit in the new currency to activate it. In doing so, the online payment platform allows for convenient transactions as long as the balance is sufficient to cover the fee and the transaction amount. Received funds will always go through its respective currency account with no dues provided there is one existing. Otherwise, the received money will be transferred to the primary account and will be subjected to a currency conversion fee of 1.99-3.99% depending on your currency Skrill VIP level.

With this long-awaited program available to all users, the only difference would be for the currency conversion fee mentioned above. Specifically applicable for inter-currency transactions, the corresponding fees below are relatively smaller the higher your VIP status is. Skrill offers its customers a VIP programme with a minimum requirement of €6000 value of transfers to merchants in a quarter for Bronze and up to €90,000 in a quarter for the Diamond level.

  • 3.99% for non-VIP clients
    3.79% for Bronze VIP clients
    2.89% for Silver VIP clients
    2.59% for Gold VIP clients
    1.99% for Diamond VIP clients

For now, existing second accounts will remain active but will sooner or later not be needed anymore. There is currently no limit to the amount of balances in different currencies you can enable as there also no fees posted for creating these secondary accounts. The new multi-currency feature could be greatly beneficial for those who play online poker in various currencies, enabling players to make quick deposits and withdrawals. 

Why You Should Use Skrill to Play Online Poker

Using Skrill’s e-wallet services basically allows poker players across the globe for hassle-free money transactions. With deposits and withdrawals instantly available and at your disposal within hours or a couple days, digital wallets seem to be the fastest transaction method at present.

Moreover, financial data needed is stored in your e-wallet but not shared with any third party affiliates making your hard-earned money safe and sound. 

As all transactions work online, a one-time e-mail verification is all you need and you’re all set to take in some action in the virtual felt within a few clicks away. Withdrawing money from your account is also seamless and easy given the multiple withdrawal options via bank, credit card or even ATMs.

Skrill also uses the two-factor authentication feature which makes it more secure than most poker sites. In the event of unauthorized transactions, the company offers money-back guarantees as it is regulated by the Financial Services Authority (FSA) in London. Given the optimal security and high accessible services it provides, Skrill remains to be one of the most efficient ways for real money online gaming transactions.

Article sponsored by Skrill

Avatar photo

Janette Dee

Graduated from De La Salle University, Janette works as a full time teacher in Manila, Philippines. She has long joined the local poker community as a recreational player for the last decade. Having a natural love for the game, she decided to branch out into a different avenue of poker. Currently, Janette works for Somuchpoker as a content writer reporting local and international news for the site.

More Posts - Website