Skrill and Neteller are Europe’s leading e-wallets and especially popular among Icelandic casino players for one reason: they help you bypass banks that may block direct gambling payments.
How does Skrill work?
Skrill is an e-wallet. You link your bank account or card to your Skrill account and transfer money in. You then pay the casino from Skrill — the casino only ever sees “Skrill” as the payer, not your bank. This is why card payments that get declined often go through fine via Skrill.
How does Neteller work?
Neteller works the same way as Skrill. It was purpose-built for the iGaming market and integrates directly with over 10,000 casinos and betting operators. Neteller is slightly more popular with high-volume players thanks to the Net+ prepaid card for spending withdrawals.
Skrill vs Neteller comparison
- Casino deposits: both instant
- Casino withdrawals: both 1–24 hours
- Fees: both around 1.45% on withdrawals to the wallet, plus currency conversion fees
- iGaming focus: both strong; Neteller marginally more integrated
Alternatives
Bitcoin and USDT are faster (< 30 min) and cheaper. Revolut frequently blocks casino withdrawals, so treat it with caution. Wise works well for currency conversion but not as a direct casino rail.
See also: our Skrill casinos page and Neteller guide.
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