Casino Payments Comparison: Neteller vs Skrill

What is Neteller?

Founded in 1999, Neteller is a well-established payment solution. This highly renowned digital payment method is owned and managed by Paysafe Group, which acquired it as part of a major consolidation in the digital payments industry. For its European operations, Neteller is regulated by the Central Bank of Ireland, while activities outside the European Economic Area are overseen by the UK’s Financial Conduct Authority.

Neteller financial services expand worldwide to over 185 countries. Among its services include a prepaid card that can be used with its digital wallet. According to historical records, Neteller began processing online gambling payments in 2000, when it was handling transactions for 85% of the world’s gambling merchants.

You can find the best online casinos that accept Neteller deposits in our detailed comparison of Neteller casinos.

What is Skrill?

Skrill is a virtual payment system founded in 2001 under the name Moneybookers. This virtual payment system is also owned and managed by Paysafe Group, which acquired both Skrill and Neteller in 2015 for approximately €1.1 billion. Skrill is similarly regulated by the Central Bank of Ireland for its EEA operations.

Besides providing e-wallet services, Skrill offers various features for handling funds in Skrill casinos, including a prepaid card. According to official figures, Skrill operates in more than 100 countries with the digital wallet offered in over 40 currencies.

If you are looking for online casinos that accept Skrill deposits then head over to our comprehensive comparison of Skrill casinos.

Comparison of Neteller vs Skrill

Which is better: Neteller or Skrill? Since both e-wallets are owned by the same parent company and operate under identical regulatory frameworks, the differences come down to specific features, fees, and user experience. Here’s how they compare across key factors:

• Security
• Simplicity of use
• Accessibility
• Transaction fees
• Transaction limits
• User Experience
• Pros and Cons
• Summary
• Tips
• FAQs

Security Comparison

Both Skrill and Neteller implement robust security measures, which is unsurprising given they share the same parent company and infrastructure. According to Skrill’s official security documentation, both platforms are compliant with the Payment Card Industry Data Security Standards (PCI DSS), which represents the highest level of security certification for organisations handling card payments.

Both e-wallets utilise SSL/TLS encryption for all data transmission and require users to authenticate with passwords and PIN codes. The 3D Secure technology supported by both Visa and Mastercard is available on both platforms, adding an extra verification step for online and card-not-present transactions.

Where security is concerned, there is no clear winner between the two. Both platforms offer two-factor authentication (2FA), allow immediate account lockdown in case of suspected breaches, and maintain identical regulatory oversight from the Central Bank of Ireland. For online casino players, either e-wallet provides equally strong protection for deposits and withdrawals.

Simplicity of Use

Both Skrill and Neteller offer well-designed platforms with dedicated mobile apps available on iOS and Android. Account creation and verification processes are nearly identical, as both platforms follow the same KYC (Know Your Customer) procedures mandated by their shared regulatory framework.

Skrill has a sleeker, more modern UI with a minimalistic design that newer users may find easier to navigate. The interface prioritises simplicity, making it straightforward to send money, receive payments, and manage your account.

Neteller, by comparison, uses a more traditional layout that displays more information at once. While this can initially feel cluttered, experienced users often appreciate having quick access to multiple features. The learning curve is slightly steeper, but functionality is comprehensive once you become familiar with the platform.

For online casino players specifically, both platforms integrate seamlessly with gambling sites, offering one-click deposits once your account is linked to your preferred casino.

Accessibility

Both Neteller and Skrill offer prepaid Mastercard cards that allow users to spend their e-wallet balance at any merchant accepting Mastercard or withdraw cash from ATMs. However, there are notable differences in availability and costs.

Skrill’s Prepaid Mastercard is available exclusively to users in the European Economic Area (EEA) and the UK. According to Skrill’s official fee schedule, the card carries a $10 application fee for non-True Skriller members and a $10 annual fee, plus a $2.50 ATM withdrawal fee.

Neteller’s Net+ Prepaid Mastercard is similarly available through a partnership with Mastercard and is restricted to EEA and UK users since late 2016. The card requires a USD 10 once-off application fee.

Both cards support multiple currencies but may incur foreign exchange fees when used outside your account’s base currency. For online casino players, the prepaid cards provide a convenient way to access winnings immediately without waiting for bank transfers to clear.

Transaction Fees

The fee structures between Skrill and Neteller show some meaningful differences that can impact online casino players, particularly those making frequent transactions.

– Deposit Fees

According to Neteller’s official fee page, most deposit methods incur a 2.5% fee, including credit cards, debit cards, and bank transfers. Local bank deposits may be slightly cheaper at 0-1%.

Skrill offers more favourable deposit terms. Per Skrill’s fee schedule, both local and global payment methods carry a 0% deposit fee, making Skrill the more economical choice for funding your casino account.

– Withdrawal Fees

According to their respective official fee pages, withdrawal costs also differ significantly. Neteller charges $10 for bank transfers and $12.75 for member wire transfers. Withdrawals to Visa or Mastercard can range from 0-7.5%.

Skrill’s withdrawal fees are generally lower: $5.50 for bank transfers (free for True Skriller members) and 1.5% for instant bank transfers with a minimum fee of $0.50. This makes Skrill more cost-effective for regular withdrawals.

Transaction Limits

Both e-wallets implement verification tiers that significantly affect transaction limits. For unverified accounts, limits are restrictive on both platforms to comply with anti-money laundering regulations.

According to available information, Neteller allows unverified accounts to hold only €2,850 as a maximum lifetime funding limit. Once fully verified with ID and proof of address, limits increase substantially—up to €4,000 for credit card deposits and €400,000 for bank transfers.

Skrill follows a similar verification process, requiring users to verify banking information, ID and address before accessing higher limits. Verified non-VIP accounts typically have daily limits around €1,000 for deposits and €250 for withdrawals, though these increase with VIP status.

Both platforms offer VIP programmes that provide higher limits alongside reduced fees. The key difference is in qualification thresholds—check the current requirements on each platform’s official VIP page, as these change periodically.

User Experience

As noted in Skrill’s history, the platform underwent a major rebranding from Moneybookers in 2013, introducing a minimalistic design philosophy that continues today. Skrill has consistently won industry recognition, including ‘Best Digital Wallet’ at The Digital Banker’s Global Payments Innovation Awards 2023.

Neteller has chosen to maintain a traditional layout that provides more information density. While the interface may initially feel overwhelming to new users, it offers quick access to all features without navigating through multiple menus. Long-term users often prefer this approach once acclimated.

Both platforms offer comprehensive mobile apps with push notifications, biometric login options, and full transaction capabilities. For casino players, the overall experience is similar—both integrate smoothly with gambling sites and process transactions quickly.

Skrill Vs Neteller: Advantages and Disadvantages

Here’s a direct comparison of the key advantages and disadvantages of each e-wallet for online casino users:

Neteller Pros and Cons

Advantages

• Longer operational history (since 1999) with extensive gambling industry experience
• Net+ Prepaid Mastercard with Mastercard acceptance worldwide
• No fees when paying at merchant websites
• Widely accepted at bookmakers, poker sites, and forex platforms

Disadvantages

• Higher deposit fees (2.5% on most methods vs. Skrill’s 0%)
• Foreign exchange fee of 4.49% for non-VIP members
• More cluttered interface that requires adjustment time

Skrill Pros and Cons

Advantages

• Free deposits on most payment methods
• Lower withdrawal fees compared to Neteller
• Sleeker, more intuitive user interface
• Knect loyalty programme earning points on transactions

Disadvantages

• Foreign exchange fee of up to 3.99% for non-VIP users
• Prepaid card availability limited to EEA and UK
• Inactivity fee of $5/month after 12 months without login or transaction

Which is Best, Neteller or Skrill?

The choice between Neteller and Skrill depends primarily on your transaction patterns. For deposit-heavy users, Skrill’s 0% deposit fees represent significant savings compared to Neteller’s 2.5%. However, both platforms charge similar withdrawal fees and foreign exchange rates at standard account levels.

For online casino transactions specifically, either e-wallet performs equally well—both offer instant deposits to gambling sites and reliable withdrawals. The shared Paysafe infrastructure means comparable security, regulatory protection, and platform stability.

Consider Skrill if you prioritise lower fees and a modern interface. Choose Neteller if you prefer its established reputation in the gambling industry and information-rich dashboard. Both remain among the most trusted e-wallets for casino deposits and withdrawals worldwide.

Tips for Choosing a Payment Method for Your Online Gambling

• Choose a Trusted E-wallet: Both Neteller and Skrill are regulated by the Central Bank of Ireland and meet PCI DSS compliance standards, making them equally secure choices for online gambling.
• Check Casino Compatibility: Before signing up, verify that your chosen casino accepts your preferred e-wallet. While both Skrill and Neteller are widely accepted, some operators may exclude e-wallet deposits from bonus offers.
• Set a Budget: Establish a budget for your online casino activities and load your e-wallet accordingly. The separation between your bank account and gambling funds can help maintain responsible spending habits.
• Monitor Transactions: Both platforms provide detailed transaction histories accessible through their apps and websites. Regularly reviewing your activity helps you stay on top of spending and quickly identify any unauthorised transactions.
• Consider VIP Programmes: If you process significant volumes, both Skrill and Neteller VIP programmes offer substantially reduced fees and higher limits. Calculate whether qualifying for VIP status would provide net savings based on your typical transaction amounts.

Frequently Asked Questions

In this section, we will explore some of the frequently asked questions about Neteller vs Skrill. Read on to get the answers!