Last updated: 13 April 2021
Rapid Transfer is an instant banking solution launched by a well-known payment provider Skrill. This is a payment method that lets you make online transactions in seconds without leaving your chosen online casino website to log into your bank account. Just select Rapid Transfer as a payment method, enter the same login details you use for online banking, choose your bank and account, confirm the transaction, and that’s it. You’ve made the payment! Here is a detailed report on Rapid Transfer that includes information about the fees, online casino deposits and withdrawals, limits, bonuses, and how to contact the Skrill support team. If you ever manage to find the contact page. Luckily, we did, so continue reading to determine whether or not this is your ideal online casino banking method.
Rapid Transfer was introduced in 2016 as a new instant payment solution by Skrill. As part of Paysafe Group, Skrill has a good reputation, making clients more willing to try a new service. The service was initially launched in 7 countries: the UK, Austria, Germany, France, Italy, Spain, and Hungary. It was announced as a win-win payment option for both the users and online merchants.
At the outset, Rapid Transfer partnered with more than 100 banks. The aim was to facilitate traditional online banking for users and enable faster transactions for merchants through Skrill’s banking network. Skrill was founded in 2001 as an internet-focused payment method. The original name was Moneybookers Limited, but the name was changed in 2011 when Skrill was born. Moneybookers had 25 million users in 2011, including 120,000 merchant accounts. Its payment gateway was used by famous online brands eBay, Skype, and Facebook.
The company’s growth is mainly linked to collaboration with these social media, messaging, and e-commerce giants. However, one of the reasons why Skrill became so popular in recent years is because it increasingly focuses on online gambling. Paysafe Group acquired Skrill in 2015.
Skrill Rapid Transfer is available in 19 European countries that include the UK, Netherlands, Germany, Sweden, Italy, Spain, etc. More than 170 banks have partnered with Skrill to support its new online banking service. Rapid Transfer supports eight currencies and has over 200 million active users across Europe.
Accepted countries: Austria, Belgium, Bulgaria, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Netherlands, Norway, Poland, Portugal, Spain, Sweden, and the UK.
No need to register
Rapid Transfer isn’t a new payment method or an eWallet that requires registration to use the service. This payment processor is an intermediary between an online merchant and your bank that facilitates direct bank transfers.
You do need to own a Skrill account
As a Skrill product, Rapid Transfer can be used for funding this eWallet. It means you will have to sign up for Skrill, which is different. If you already have an account, just check if Rapid Transfer is available to deposit funds.
Enter your banking details
Therefore, you won’t need to register a separate Rapid Transfer account. You only need to know your online banking login details, and wherever you see Rapid Transfer as a payment solution, you can use it if your bank is on the list.
Making online casino deposits with Rapid Transfer is a straightforward process.
- Go to the cashier/banking page and find Rapid Transfer in the deposit section.
- Click the icon and enter the amount you wish to deposit. You will then be able to select your bank from the list.
- Then, you have to log in using your online bank credentials. Select the account, and confirm the payment using the bank’s authentication methods.
- Rapid Transfer here only checks the balance of the account to confirm there are sufficient funds. Once it verifies your account has enough money, the service will top up your online casino balance in real-time.
Rapid Transfer can also be used for casino withdrawals and the process is quite simple. All you have to do is visit the Cashier, click on Rapid Transfer logo and once the cashout processing is complete, the money should be instantly in your bank account.
Rapid Transfer is a Skrill service. Skrill, therefore, applies its fees to Rapid Transfer transactions. Since Rapid Transfer acts as a “gateway” between an online merchant and the client’s bank account, the costs are the same as for bank transfer. For the EU countries where Rapid Transfer is available, Skrill charges a deposit fee of 1%. The withdrawals via bank transfer will cost you a flat fee of €5.5. Skrill also adds a currency conversion rate of 3.99% to its wholesale exchange rates.
Furthermore, be aware that your bank may charge you under the terms you’ve agreed with the bank. The vast majority of online casinos with Rapid Transfer payments have no fees for either deposits or withdrawals with this payment method. However, 7BitCasino has a 2.5% deposit fee, while cashing out is free.
One of the benefits of using Rapid Transfer for online gambling is that deposits are processed instantly at most online casinos.If you have used the method for your deposit, you’ll be able to withdraw your online casino winnings with Rapid Transfer and this option definitely beats standard bank transfer.
Provided your account is fully verified and the withdrawal has been processed by the casino payments team, your Rapid Transfer cashout will be instantly in your account.
When it comes to Rapid Transfer transactions at online casinos, these usually fall within the industry standard limits. You can deposit between €10 and €5,000 with Rapid Transfer at LV BET, and withdraw €20-€5,000. Deposit and withdrawal limits are quite similar at Playamo (€20-€4,000 & €10-€4,000) and Bitstarz (€20-€4,000 & €50-€4,000), and most other reputable online casinos.
Nevertheless, both deposit and withdrawal limits may differ depending on the player’s status at the casino and account history review. The higher your player level, the bigger the limits will be.
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Rapid Transfer is a background intermediary between a bank and a merchant. As such, the clients don’t sign up for the service itself but log in to their online banking using the existing credentials. That means the service is leveraging the bank’s strict security measures, which guarantees data and transaction protection. All payments must be confirmed by additional security codes, OTP (one-time-password), or SMS verification.
This payment solution doesn’t store online banking details that remain fully encrypted by the bank. All transactions are SSL-secured. Rapid Transfer is regulated and licensed by PSD2 (Payment Services Directive), meaning the service complies with the latest EU payment legislation that includes electronic money institutions.
Skrill has a detailed FAQ page on the website. Information about Rapid Transfer is within the Payments section, under Deposits. Look for “What is Rapid Transfer and why should I use it?” and “How do I use Rapid Transfer to make an instant deposit?” You can also use the live chat, “Ask away!” To start chatting with Sofia, the Skrill virtual assistant, enter your name and email. Sofia is available for conversation 24/7, but, for now, she can only answer basic non-account specific questions.
To speak to a real person, find the Contact us page to send a question through an online form or call support. The international number is +44 203 308 2520, but there is a list of local numbers for the UK, Germany, Spain, Italy, Poland, France, and Russia.
Our experience with Rapid Transfer support
As one of the banking solutions powered by Skrill, if you need customer support assistance for Rapid Transfer, you’ll be talking to Skrill. Since we already had an experience with Skrill’s support procedure, we skipped the FAQ page, Live Chat, online form, and immediately sent a direct email. And it worked perfectly. After just a couple of hours, Ivan from Skrill Help Team sent us a reply with the information we needed. Congratulations, Skrill. You were on top of your game.
Skrill Rapid Transfer is popular among online gamblers because this payment service allows instant deposits at online casinos. The funds are immediately at their disposal to wager them on the favorite games. Being able to start playing within minutes is something all online casino players want.
What’s more, the players don’t need to register an additional account because Rapid Transfer enables a direct connection between the customer’s bank and online casino. The client logs in to its online banking, not to Rapid Transfer.
Bank transfer is processed in real-time. This is praised by many players who prefer wire transfer but don’t want to wait a few hours for funds to appear in their gambling accounts.
However, players complain about not having the same withdrawal speed. Rapid Transfer can at times take a few days. One of the things people dislike is Skrill’s support. They complain the support is hard to reach and unresponsive.
Many people say Skrill allows you to deposit funds, but there are frequent problems in payments. Some even say the company blocked their accounts for no reason and forced them through a tiresome verification process.
You can earn loyalty points when making online payments with Rapid Transfer. This is the Skrill loyalty program called Knect that rewards you for certain transactions. You can redeem the points for different rewards, bonuses, cash vouchers, and more. To start collecting prizes, you have to join the program.
First, you need to have a Skrill account. Then, you have to log in and click Knect at the side navigation. Sign up, and with every new qualifying transaction, you’ll be awarded loyalty points. It is that simple!
So, whenever you select Rapid Transfer as a payment method at an online casino, you could end up earning special rewards via Knect!
As we’ve explained earlier, Rapid Transfer is not a new payment method or digital wallet. It is a gateway between e-merchant and your bank account that doesn’t require additional sign-up. It is, therefore, not surprising the service doesn’t have a dedicated mobile app.
Without a need to register an account, there is also no need for an app. You can download and use Skrill, but this a separate service and different way of making online payments.
- Skrill Limited is the company that owns and operates Skrill. Skrill is a registered trademark of Skrill Limited, a company regulated by the Financial Conduct Authority and licensed for issuing e-money under the Electronic Money Regulations 2011.
- In 2010, The Sunday Times ranked Moneybookers (the original name) as the fastest-growing UK private company based on profits.
- Moneybookers announced the rebranding in 2011, completed in 2013. From that moment on, we have Skrill.
- In 2014, the New Jersey Division of Gaming Enforcement approved Skrill to be the only eWallet for New Jersey online gambling.
- In 2015, Paysafe Group bought Skrill along with Neteller and Paysafecard.
- In May 2020, AC Milan, a famous Italian football club, introduced Skrill as its official global payment partner.
Yes, you can. Deposits are instant. You will see Rapid Transfer as a withdrawal method at some online casinos, but be aware that this might not always be a fast withdrawal.
Most online casinos have no fees for Rapid Transfer transactions. However, there are exceptions, so read Terms & Conditions and check the banking page for details. On the other hand, be aware that Rapid Transfer is a payment product by Skrill, so Skrill applies its fees. Make sure to visit the official website to find the details. Also, your bank may charge some costs too.
Yes, it is. Rapid Transfer leverages the top-security measures applied by the banks. The service doesn’t store any customer or transaction detail, and all payments are made through SSL encrypted protocol.
Rapid Transfer is available in 19 European countries. To find out if yours is on the list, visit the official website. The service is not available to US players.
Depending on the casino, this may take between 24 hours and a couple of days.
The deposits are processed immediately or within a few minutes. You won’t have to wait long before heading back to the online casino’s lobby!
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