There are three major market leaders in the field of web wallets for non GamStop casinos. Skrill and Neteller were the first providers to specialize in gambling transactions. PayPal, the largest global player in the field of web wallets, has now also entered the gambling sector.
In the following section, we want to take a closer look at these three providers and give you a detailed insight into the respective offer and the fee structure.
1. Paypal – The Global Leader of Non GamStop Casinos Wallets
Paypal was founded in 1998 and very quickly became the leading eWallet provider, especially in the area of eCommerce transactions. Paypal was originally founded as a subsidiary of eBay. In 2015. However, it was separated from eBay. Since then, Paypal has been operating as an independent company. In the UK, around 25% of all e-commerce transactions are now processed via Paypal. In the USA, PayPal’s market share is even higher. The number of PayPal non GamStop casinos is constantly growing.
Paypal Fees for Casino Players
Like banks and credit card companies, PayPal charges fees for its financial services. However, these are not billed directly to the players but to the dealers and other providers who offer Paypal. The PayPal fees are relatively high but, in most cases, do not directly affect the casino player. As a rule, PayPal deposits in non GamStop casinos are free of charge. However, the minimum deposit amount for Paypal deposits may be slightly higher.
Withdrawals from casinos not on GamStop are free. If you want to request a payment from your Paypal account to your bank account, this is also free of charge. PayPal only charges you if you want to send money to friends via PayPal, for example. However, if you only want to use PayPal for casino transactions, PayPal is free for private users. Of course, the casinos get the fees back from the player in a detour. The PayPal fees are therefore priced into the profit margin. But this applies to all online transactions.
Paypal Acceptance in Non GamStop Casinos
For a long time, Paypal did not accept any companies from the gambling industry at all. In the meantime, the company has changed its strategy and also allows gambling companies. However, Paypal is extremely selective in choosing casinos to work with. Therefore, not all casinos are able to offer Paypal as a payment option.
Paypal Pays Out Fast
Casinos not on GamStop process payouts to Paypal accounts within 48 hours. If you want to request a transfer from Paypal to your bank account, this payout is also usually available on your bank account within 48, sometimes within 72 hours. If you need money in your account quickly, a payout directly to your account may be the better choice. If you only need the money in the PayPal account, the provider is a very good choice.
2. Skrill – The Web Wallet for Non GamStop Casinos
The web wallet provider Skrill (open a free account here) was founded in 2001 under the name Moneybookers. The company is based in London and changed its brand name from Moneybookers to Skrill in 2013. In addition to competitor Neteller (both brands now belong to Paysafecard), Skrill is the leading company in the field of web wallets for gambling providers.
Over 80% of the company’s revenues come from the gaming industry. In contrast to PayPal, Skrill is not used that often in the e-commerce sector. However, payments with Skrill are still possible in some online stores. Thanks to years of experience in online gambling, Skrill is one of the safest deposit and withdrawal methods in casinos.
Skrill Fees for Non GamStop Casinos’ Players
For casino players, there are almost never any fees when depositing with Skrill. Casinos not on GamStop usually offer free deposits via Skrill. But you have to be careful if you want to top up your Skrill account. There are fees for one or the other deposit type. If you make a deposit into your Skrill account with Mastercard or Visa, 1.90% of the deposit is due as expenses. 1.50% is charged for deposits made with Softort transfer or Giropay.
We recommend that you top up your account by bank transfer or direct debit. This type of deposit is free. For payments to your bank account or credit card, €3.95 will be charged as expenses, regardless of the amount paid.
In general, Skrill is a bit more expensive than Paypal for the pure casino player. Nevertheless, the expenses are quite manageable,
Skrill Acceptance in Non GamStop Casinos
As already mentioned, Skrill is the specialist for online gambling among web wallets. It is therefore not surprising that almost every casino offers Skrill transactions. If you see a casino that does not offer Skrill, you should take a very close look. It is quite possible that the seriousness of the corresponding casino is questionable.
How Fast is Skrill on Withdrawals?
Skrill scores above all with the speed of withdrawals to bank accounts. While Paypal bank transfers can take up to three working days, Skrill payouts are much faster. For example, if you request a payout from a non GamStop casino on a Tuesday around 10:00 a.m., it will usually be available in your bank account by 8:00 a.m. on Wednesday. Skrill is therefore often less than a payout time of 24 hours. The non GamStop casinos are also usually very quick when it comes to withdrawing to a Skrill account.
3. Neteller – The Third Global Web Casino Wallet at Non GamStop Casinos
The third major web wallet provider at casinos that we would like to introduce to you is Neteller. This wallet was founded in Canada in 1999 and, like Skrill, achieves its main sales in online gambling.
We already mentioned it: both companies now belong to Paysafecard. Neteller and Skrill are extremely similar in functionality but have slightly different fee structures and deposit and withdrawal options. Let’s look at these points in a little more detail for Neteller.
