Online Roulette games has become so popular these days, and as a virtual game that require money being invested, it has become essential to find a secure, reliable and easy to use method of depositing funds and withdrawing your winnings from your casino accounts.
The introduction of E-wallets have actually met this need. E-wallets are a digital wallet, where your money is stored to enable you make online transactions without having to use the traditional method of physical cash deposit each time. As a result, these e-wallets provides you with a safer and simpler transactions.
The two leading e-wallet companies are NETELLER and Skrill (Moneybookers.com) so the focus of NETELLER vs Skrill post is to make a comparison between these two e-wallet giants and their features allowing you to make the choice that best suits your need.
NETELLER vs Skrill | Origin
Both ewallets are registered in the United Kingdom and, both have been recognized by the United Kingdom’s Financial Conduct Authority (FCA). Both companies currently have their services reaching to more than 200 countries of the world each. Although, Skrill seem to be a bigger e-wallet company between the two with more than 30 million satisfied customers worldwide, even though it started 5 years later than NETELLER.
NETELLER vs Skrill | Account Creation
The registration process is identical for NETELLER and Skrill. They both are similar to online banking account. Opening an account in either company is simple, easy, and free and then there is the need to verify a user’s account by providing proof of identification. The accounts are operated completely online and customers are able to send money to individuals using the same accounts and merchants of various online businesses. But, they are mostly the best when it comes to making financial transaction like depositing and withdrawing money for online casino games, betting, poker, binary options, forex trading and stuffs like that.
Transactions made using NETELLER or Skrill usually attract some fees and charges, also some are free. Let us look into some of the functionalities of both e-wallet companies.
NETELLER vs Skrill | Transaction Fees
Between NETELLER and Skrill, there may not be much difference were you to make a choice on which to use for your online payment transactions. However, differences may arise between the two as a result of the user’s location and method of payment.
Both Neteleller and Skril has numerous methods which users can use to fund their accounts. Here we will like to take a look at a few of the payment methods that are applicable to both e-Wallets and the fees for each transaction. NETELLER Fees & Skrill Fees
Charges on Deposits
|Bank Transfer||3 – 7%||Free|
|Bitcoin||1.9 – 4.95%||1.9%|
Charges on Withdrawal
|Member Wire||10.5 €||5.5 €|
|Bank Transfer||7.50 €||5.5 €|
|Bank Draft||7.5-25.00 €||N/A|
|Money Transfer||1.9% (Cap 20€)||5.5 €|
Both companies are used globally and, making payments using them most times require converting funds from one currency to another. For all transactions involving currency conversion, Both ewallets adds 3.99% to the average daily exchange rate. They retain this amount as a foreign exchange processing fee to protect against exchange rate fluctuations.
NETELLER and Skrill both have a VIP account. There is a lower exchange rate for VIP members of both NETELLER and Skrill. VIP members pay as little as 1% in foreign exchange fees.
If you have a NETELLER or Skrill account, you must make sure your account is always active. Account that becomes dormant for more than 13 month in NETELLER attracts and administrative fee. For Skrill, there is an administrative fee of 3 € each month after 12 months of being inactive.
NETELLER vs Skrill | Online Casinos/Betting Payments
NETELLER and Skrill both do not charge any extra fees for making payment to roulette sites and other similar games sites for which they are very popular with. However, this may not be applicable if you are using a third party platform to make payment through them. Some charges outside their platform will be out of their control.
NETELLER vs Skrill | Safety and Security
Both companies have top notch security system. None can be said to be better than the other in this aspect. Security seems to be at the top in their priority list.
Both use a high standard of security encryption on their sites. NETELLER and Skrill has dedicated teams working 24/7 to stop any fraudulent data breaches. Your transaction with any of the companies are safe in terms of security. The only little challenge for users is the possibility of being shut out of your account until a valid proof of ID is provided.
NETELLER vs Skrill | Countries of Operation
Both ewallets are operating in more than 200 countries of the world but, Skrill appear to be more popular with a few number of countries more than NETELLER and, a fairly larger customer base. Now, rather than enumerate the countries of operation, it will be better to list the countries where the two e-wallet service providers has been banned/restricted or not spread to yet.
So, if you have decided to use any of the two e-Wallets, you could as well check and see if your country is missing from the list below then, go ahead to sign up any or both of the two e-wallet companies.
Afghanistan, China, Cuba, Eritrea, Iran, Iraq, North Korea, Kyrgyzstan, Libya, South Sudan, Sudan, Syria.
Afghanistan, Cuba, Eritrea, Iran, Iraq, Kyrgyzstan, Libya, Myanmar, Nigeria, North Korea, North Sudan, Somalia, South Sudan, Syria, Yemen.
Another point you should note is that both companies pulled out of the United States due to the US financial regulations. So, there are restrictions regarding international money transfers if you are using a US bank account.
NETELLER vs Skrill | Final Verdict
As earlier pointed out from the post above, using either NETELLER or Skrill is highly dependent on your location and individual circumstances. But, from the facts stated so far, one can easily opt for Skrill as a better e-wallet for online casino payments because it is a bit more cost effective than NETELLER.