Skrill Fees, Limits, Time

Skrill is a popular payment method for Kiwi online casino players. However, you need to be aware that there are some fees associated with making Skrill deposits and withdrawals at live casinos. Processing times for casino payments with Skrill can also vary depending on your chosen casino. If you run into any issues with Skrill casino payments, the customer support team is always there to help. Before you dive into playing at Skrill live casinos, it's a good idea to understand how it all works, especially considering its relatively low processing times and high security.

Skrill Fees at Live Casinos in New Zealand

Skrill fees can differ based on the transaction type and the currency you use. Generally, depositing funds into your Skrill account via bank transfer or credit/debit card is free. However, withdrawing funds from your Skrill account to your bank account or card might incur a fee. Skrill also charges for specific transactions like currency conversions and sending money to people who don't have Skrill accounts. Since Skrill transaction costs can vary based on both your casino and your payment method, it's crucial to check these details specifically to avoid any unexpected charges when playing at New Zealand online casinos.

• When depositing into Skrill accounts, Bank Transfers and credit/debit cards come with 0.00% fees. However, Rapid Transfers have fees up to 1.00%, Trustly up to 1.25%, and PaySafe Cards go up to 5.00%.
• Withdrawals from Skrill to your bank account typically have a 0.00% fee, but withdrawals to credit/debit cards can go up to 3.99%. Withdrawing cryptocurrency from Skrill incurs a 2.00% fee.

Skrill Limits for New Zealand Live Casinos

Skrill has deposit and withdrawal limits in place for security reasons. These limits can vary depending on your account's verification status and your location within New Zealand. For the most accurate information on Skrill deposit limits applicable to you, we strongly recommend visiting the official Skrill website.

Depending on the live casino you join, you might find minimum Skrill deposit limits starting as low as NZ$10, and sometimes up to NZ$20. The maximum deposit limits are usually set by the casino, often ranging between NZ$30,000 and NZ$50,000.

Withdrawal limits are generally higher. The minimum usually ranges from NZ$15 to NZ$30, and the maximum can be around NZ$30,000 to NZ$50,000.

Understanding Skrill Account Fees by Transaction Type

It's essential to get your head around Skrill's fee structure before using it for your live casino transactions. Unlike some e-wallets, Skrill applies different charges depending on the transaction type and your account level.

Account Opening & Keeping It Active

Setting up a Skrill account is completely free. Maintaining the account also costs nothing, with no monthly fees, as long as you use it regularly.

⚠️ Warning: While opening an account is free, leaving it dormant isn't. Skrill charges a €5 (approximately NZ$8.50) monthly inactivity fee after 12 months without any transactions.

Deposit Fees to Your Skrill Account

Adding funds to your Skrill account can involve various fees depending on your chosen method in New Zealand:

• Credit/Debit Cards: 1.9-2.99% of the transaction amount
• Bank Transfers: Usually free from Skrill, but your NZ bank might charge a fee
• Cryptocurrency: 1% conversion fee plus network fees
• Prepaid Vouchers: Varies by provider, typically 1.5-7%

💡 Pro Tip: Bank transfers are often the most pocket-friendly way to fund your Skrill account for casino deposits in NZ, although they are slower than card payments at live casinos.

Skrill Withdrawal Fees Explained

When you transfer money out of Skrill to other accounts, expect these charges:

• Bank Account Withdrawal: A flat fee of approximately €5.50 (around NZ$9.35, varies by country)
• Credit/Debit Card Withdrawal: 7.5% of the transaction amount
• Cryptocurrency Withdrawal: 1% conversion fee plus network fees
• Skrill-to-Skrill Transfers: 1.45% of the amount (capped at €10, approx NZ$17)

💡 Pro Tip: If you're withdrawing significant casino winnings, bank transfers offer better value despite the flat fee. For smaller amounts, splitting the difference with Skrill-to-Skrill transfers might be more economical.

Currency Conversion Fees with Skrill

When depositing at NZ online casinos in a currency different from your Skrill wallet balance:

➡️ Standard Conversion Rate: 3.99% above the mid-market rate

➡️ VIP Members: Reduced rates starting at 2.99% (Diamond tier)

⚠️ Warning: Some casinos display amounts in one currency but process the transaction in another. Always double-check the casino's processing currency to avoid unexpected double conversion fees on your deposits.

Skrill Fees Overview for Specific Services

Skrill Deposit and Withdrawal Limits at NZ Online Casinos

Skrill uses a tiered limit system based on your verification level. This helps you manage your casino bankroll effectively while also complying with regulations.

Default Transaction Limits to Know

Limits vary significantly between verified and unverified accounts in New Zealand:

• Unverified Accounts: Limited to approximately €1,000 in total transactions
• Basic Verification: Increases to around €10,000 annually
• Full Verification: Expands to €50,000-€100,000+ depending on region and usage history

💡 Pro Tip: Complete verification before planning large live casino deposits or withdrawals to avoid frustrating delays when you hit unexpected limits.

Tier-Based Increase

Skrill offers four verification tiers, each with progressively higher limits:

1. Unverified: Basic functionality with minimal limits
2. Verified Email: Slight increase after confirming your email
3. Identity Verified: Substantial increase after submitting ID documents
4. Enhanced Due Diligence: Highest limits after address and source of funds verification

Limits by Method

Different payment methods within Skrill have varying limits:

• Bank Transfers: Highest limits, especially for verified accounts
• Card Transactions: Mid-range limits, typically €10,000 monthly
• Crypto Transactions: Variable limits based on verification level
• Skrill-to-Skrill: Usually capped at €50,000 per transaction

Skrill Processing Times by Transaction Type

When using Skrill for online casinos, timing matters—especially when you're eager to play or withdraw winnings.

Deposit Timeframes

Getting funds into your casino account happens at different speeds:

• Card Deposits to Skrill: Instant in most cases
• Bank Transfer to Skrill: 1-3 business days depending on your bank
• Skrill to Casino: Usually instant once funds are in your Skrill account

💡Pro Tip: Keep a moderate balance in your Skrill account to avoid deposit delays when you want to play immediately.

Withdrawal Timeframes

Patience is needed when withdrawing from casinos via Skrill:

• Casino to Skrill: Typically 24-48 hours (depends on casino processing)
• Skrill to Bank: 1-5 business days
• Skrill to Card: 2-7 business days
• Skrill to Another Skrill Account: Instant

⚠️ Warning: Some casinos have mandatory "pending periods" before processing withdrawals, which adds time beyond Skrill's processing period.

Peer-to-Peer Transfers

Skrill-to-Skrill transfers offer the fastest option:

• Processing Time: Instant in most cases
• Availability of Funds: Immediately available for casino deposits
• Weekend Processing: Available 24/7, unlike bank transfers at live casinos.

Skrill Processing Time Comparison at Live Casinos

Skrill Fee and Limit Structure by Account Type

Skrill offers different account types and loyalty tiers, each with unique fee structures and limits relevant to casino players.

Personal vs. Business Account Differences

While most casino players use personal accounts, understanding the differences is valuable:

➡️Personal Accounts:

• Lower initial limits
• Standard fee structure
• Simpler verification process

➡️Business Accounts:

• Higher transaction limits
• Volume-based fee reductions
• More extensive verification requirements
• Merchant services not typically needed for players

Monthly and Annual Caps

Understanding the timing of limits helps manage your casino bankroll:

• Daily Limits: Apply to single transactions and 24-hour totals
• Monthly Limits: Reset at the beginning of each calendar month
• Annual Limits: Based on rolling 12-month periods, not calendar years
• Lifetime Limits: Some unverified accounts have permanent caps until verification

Cross-Border Skrill Transactions – Fees and Limits

International casino play often involves cross-border transactions, which come with additional considerations.

International Transfer Fees

When using Skrill across borders, expect:

• Additional Fee Layer: 1-2% surcharge for certain international routes
• Correspondent Bank Fees: Possible intermediary charges for some countries
• Regional Fee Variations: Higher withdrawal fees in some territories

Currency Conversion Impact

Currency differences between your Skrill account and casino can be costly:

• Double Conversion Risk: Converting twice (e.g., USD → EUR → GBP) multiplies the 3.99% fee
• Weekend Rate Adjustments: Higher spreads applied outside banking hours
• Currency Availability: Not all currencies are directly convertible

💡 Pro Tip: Maintain your Skrill account in the same currency as your most frequently used casino to avoid conversion fees altogether.

Sending vs. Receiving Abroad

Fee structures differ depending on direction:

• Sending to International Casinos: Usually no additional fees beyond standard charges
• Receiving from International Casinos: May incur cross-border receiving fees
• Bank Withdrawals Abroad: Higher fees for withdrawals to banks outside your country of registration

Conclusion

Skrill remains a popular payment option for online casino players despite its fee structure, primarily due to its wide acceptance, speed, and privacy benefits. By understanding the exact fee and limit structure, you can minimize costs while enjoying the convenience Skrill offers for your online gambling activities.