Skrill has millions of worldwide users and is connected to over 170,000 online merchants.
As an investor, I have that instinct driving me to always look for tools that will ease, enhance, and secure my financial transactions. Skrill is one of them for me.
Below, I’ll tell you more about Skrill and why I know it’s so popular for investors.
A woman using a tablet to navigate the cloud-based bill payment technology.
Seamless International Transactions
International transactions are up there as one of the main benefits for me. It doesn’t matter if I’m playing on an online casino over the other side of the world, shopping online or investing; Skrill will facilitate the transaction for me.
As an investor, when I’m buying shares in some European countries or trading some cryptos, I need a payment solution that allows me to cross what feels like never-ending geographical barriers without much hassle.
Skrill does this by facilitating transactions between 40 currencies, allowing me to have more than one currency in my account. I don’t have to deal with expenditure and the inconveniences of changing currencies. I also think Skrill exchange rates are favourable.
The time taken to process transactions is another very important positive for me. Where cross-border services can take days using traditional banking methods, payments using Skrill are processed in less than a day. In most cases, minutes.
High-Level Security Features
As an investor, the last thing I want is to compromise my sensitive information or to lose money due to poor security.
Skrill uses a two-step verification (2SV) system. If a hacker successfully hacks into my password, it will still be impossible for them to access the account without the second authentication factor supplied by me. In other words, this is the level of security I expect.
Skrill also uses 2FA authentication. This makes me feel secure knowing that logging in, moving money, or viewing my account balance is safe and that all my actions are encrypted.
For heavy users of the services like me, there is also a VIP program offered, which provides other layers of security like anti-fraud systems and priority customer service. I guess this should be offered to everyone, but for some reason, it isn’t.
Versatility for Various Investment Needs
What I value the most about Skrill is its capabilities for all the investments I want to make. It definitely isn’t only for sending or storing money, and people seem to forget that. I have used Skrill whether I was trading stock, trading forex, trading cryptocurrencies, buying houses, or gaming. You can use it for absolutely anything, but for some reason, I’ve noticed people still stick to traditional banking methods like Visa or credit cards.
Skrill allows me to link my account to different online investment platforms easily. I can directly move money from my Skrill account to my brokerage account or to my cryptocurrency wallets without the hassle of several processes and high transaction costs.
Other things that I can do with Skrill are use the prepaid Mastercard, which gives me direct access to the funds in my account. It proves to be handy when there’s an opportunity for me to invest and I need cash quickly, or when an investment has brought an unforeseen expense (that usually happens to me). I can use the card anywhere – it doesn’t matter where I am, I will always have access to the money.
Main Advantages of Using Skrill by Investors
To recap why Skrill is mostly preferred by investors, including myself, here are the main advantages:
• Speed: Transactions take place in real-time, giving me opportunities to respond to investment openings.
• Security: Safer with high-level security protocols like two-factor authentication and encryption that protect my risks and information.
• Boarded Market: Availability in more than 40 currencies plus the ability to hold more than one currency in a single account makes investing across borders easy.
• Combining Utilities: The fact that Skrill works with many investment sites and the fact that it has a prepaid Mastercard puts me in a good position with my investments.
• iGaming Benefits: The fact that Skrill is already established in the iGaming space gives me even more assurance and comfort. I like to know I can use it for whatever I want to do online, not online investments. The growing popularity of Skrill as a niche in iGaming is notable. As detailed on casinomeister.com/skrill-casinos/, there are alternatives to Skrill, but this payment method remains popular for a very good reason: it’s secure, quick, and user-friendly.
What do you think about Skrill and have you used it before? I’d say it’s one of the best digital wallets for investors and gamers. It’s so easy to use, so versatile, and it’s free. Well, it’s free if you don’t pay for the premium version, which I’d actually recommend doing because of the additional benefits. Whether you’re an expert or a novice, give Skrill a go for an improved investment experience.
You can download Skrill on the Google Play Store or the Apple Store. You can also use its online features if you’re signing in from your laptop.