Rapid Transfer

Rapid Transfer is a payment method launched by Skrill that allows players to make fast online transactions. All they need to do is log into their bank account, choose this solution as their preferred payment method, enter the necessary details, and confirm the payment.

Below is a detailed review of Rapid Transfer, offering more information about the service, fees, deposits, and withdrawals.

What is Rapid Transfer?

Rapid Transfer is an instant payment method accepted by more than 3,000 banks around the world. The solution allows users to make deposits straight from the bank account in a safe and hassle-free way. It’s also a great choice for withdrawing your online casino winnings. It comes with a wide range of benefits. Rapid Transfer is instant, secure, convenient, PSD2 licensed, and requires no registration. It’s supported in 18 European countries.

Rapid Transfer Account

You won’t need any account to use Rapid Transfer for online casino transactions. The reason is the fact this payment method acts as an intermediary between an online casino and your bank, facilitating direct bank transfers.

You won’t need a Skrill account, either. All you need are your online banking credentials. Every time you see that Rapid Transfer is available as a means of payment, you can use it, provided your bank is on the list.

Add Money

Since Rapid Transfer serves as an intermediary between the online casino and your bank, all you need to be able to use this payment method are funds in your bank account. As we already mentioned, there’s no account that requires topping up before utilizing.

Company

Rapid Transfer was launched in 2016, a new payment method offered by Skrill. Being part of Paysafe Group since 2015, Skrill is a reputable and trustworthy name with a good reputation. Rapid Transfer was initially available in seven countries, but by 2022 it had expanded its presence to 18 countries across Europe.

Rapid Transfer works with over 170 banks, making online gambling much easier for users and enabling merchants to benefit from fast transactions through Skrill’s banking network. Skrill was introduced in 2001 as a payment solution focused on the internet. Today’s name was adopted in 2011 after it was changed from Moneybookers. The payment gateway is widely used, even by some of the most popular online brands such as Facebook, Skype, and eBay.

The collaboration with these tech giants helped the company further increase its global footprint. Another reason for the growing popularity of this payment service is the focus it puts on online gambling.

Facts

Payment Type	Bank transfer
Headquarters	London, UK
Launched	2016

How to Deposit with Rapid Transfer?

Depositing with Rapid Transfer is straightforward. Visit your casino’s Cashier page and choose Rapid Transfer from the available options. Click the icon, enter the sum you want to deposit, and select your bank. Log into your online banking account, and confirm the deposit- Rapid Transfer will check your account to see if there are enough funds to complete the transaction. Once you get the green light, the payment solution will add funds to your balance.

How to Withdraw with Rapid Transfer?

You can also use Rapid Transfer to withdraw money from online casinos; the entire process shouldn’t be complicated. Go to the casino’s Cashier page, choose Rapid Transfer from the list of available options, and enter the amount of money you want to cash out. Once your request is completed, the funds should be in your account.

FAQ

Can I use Rapid Transfer for depositing and withdrawing money at online casinos?

Of course, you can. Every deposit you make is instantly processed. Withdrawals, although supported, might not be as fast.

Can I use Rapid Transfer in my country?

Rapid Transfer is available in 18 countries in Europe. The complete list is available on the official website. Unfortunately, this payment method cannot be used in the US.

How long it takes for Rapid Transfer to process deposits?

All deposits are lightning fast. It will take a couple of minutes or less to complete a deposit. You won’t have to wait long before the money appears in your account.

Transfer Time and Fees

One of the main advantages of using Rapid Transfer for online gambling is that casinos instantly process deposits made with this payment method. You can also use it to withdraw your winning, where it definitely performs better compared to standard bank transfers. After you verify your account, your winnings should be in your account as soon as the casino confirms your request.

Since Rapid Transfer is a Skrill service, the corresponding fees apply to all its transactions. We should point out the costs don’t differ from any bank transfer. Skrill charges a 1% deposit free in EU countries while cashing outcomes with a flat €5.5 fee. The currency conversion rate is 3.99% to the wholesale exchange rates. Keep in mind that your bank may charge additional costs. Although most online casinos accepting Rapid Transfer don’t charge any fees for deposits or withdrawals, some will.

Security

Rapid Transfer functions as an intermediary, meaning the users don’t register for the service but simply log into their online banking account using their existing credentials. In practice, it means that Rapid Transfer benefits from the strict security measures used by the bank. This guarantees all data and transactions are well-protected. Players must confirm all payments through security codes, one-time passwords, and SMS verification. All banking details are fully encrypted and SSL-secured. The payment solution is regulated by the Payment Services Directive (PSD2), ensuring it adheres to the latest EU legislation for electronic money institutions.

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