Editorial review of Skrill

Overview

Skrill Money Transfer service helps you by sending money internationally. Founded in 2001, Skrill works under the Paysafe Group, an online payment service provider through in-person or other channels. Skrill offers attractive pricing, fees and exchange rates. Depending on currency and country, you can transfer money through debit card, bank transfer, credit card, and SOFORT banking services.

The company offers Skrill to Skrill service and Skrill Money Transfer services for transferring money abroad. Opening an account with Skrill allows access of Skrill wallet and Skrill Money transfer service. 

Some of the benefits of Skrill are:

Offers reasonable exchange rate and fees 

Provides a fast, secure and convenient way to transfer money

Receive money directly into the bank account

Pricing : How much does Skrill cost?

Pricing Rating : 10/10

For sending money through regular Skrill is 1.45%, min EUR 0.50. It charges a one-time fee of 20%, min EUR 30 if you are depositing the first time or transferred only through Neteller and Bitpay. When you send money directly to a bank account, you don't have to pay a fee. Receiving money through Skrill account is free of charge. 

Skrill charges 7.50% (~EUR 5.50) for withdrawing funds received through transfer service for local payment. And for global payments, it charges EUR 5.50. 

For currency conversion, the company charges an extra fee of 3.99% of the wholesale exchange rate. Besides, the company charges a service fee of EUR 5.00 (or equivalent) for remaining inactive for 12 months and more.  

Transparency: Does Skrill have any hidden fees?

Transparency Rating : 9/10

No, Skrill doesn’t charge any hidden fee from the users. When you transfer money online, you should know that bank charges additionally for assisting the transaction. This fee is outside of Skrill’s charges control. To stay away from paying inactivity charges, you will require to login to your account at least once in a year. 

Skrill Tracking

Users at Skrill can check online transactions history which displays fund withdrawals, payment sent, received and fund upload along with the date of receipt, exchange rate and fees charged details. 

Each transaction has a separate transaction ID. You can check the transaction history and Skrill account at any time. For any irregularities or questions, you can contact the customer service. 

Transfer Speed: How long does it take to send money through Skrill?

Transfer Speed Rating : 10/10

Skrill provides a high-speed money transfer platform to the users. The customers are happy with its ease of use and delivery speed. 

The money transfer speed sometimes varies depending on the country and way of transfer for sending money overseas. When you complete the payment, the company provides an estimation of the expected delivery time. 

Security : Is Skrill Safe?

Security Rating : 8/10

Skrill is an online money transfer service provider. Initially, it was called Moneybookers and focussed on e-sports and gambling transactions. By 2009, they started offering money transfer services to all the business and customers. Later in 2013, they rebranded themselves as Skrill. Currently, they are providing a safe money transfer platform and accepting 40+ currencies and even cryptocurrency. 

It is registered with the UK's Financial Conduct Authority (FCA). the stocks of the company are traded on the FTSE 250. They have a license to operate in all states and European e-Money license to work across the world outside of the US. So, Skrill is a legitimate website to transfer money across the world. 

User experience of Skrill

User Experince Rating : 9/10

Users can use either a digital wallet or a quick checkout option to send money internationally. It provides 100+ local payment methods and 170+ direct bank transfer options at a single platform. It helps in making payment quickly and easily without tolerating the burden of infrastructure management. You will receive the payment within hours even on your first transaction.  

It doesn’t charge transfer at free while you transfer money directly to a bank account. You can also calculate the amount you will save by transferring money for free with Skrill. Currently, it has more than 20 million customers and more than 100 thousand merchants are using the payment platform for transactions. 

The money transferred from the platform arrives normally on the same business day but it can also take 3-5 business days depending on the payment method and fund delivered process. 

Skrill Digital Wallet

Skrill provides digital wallet to make money sending process easy just by entering the password and email address. It also accepts cards, bank and local methods for payments. You can also connect with millions of Skrill wallet holders worldwide. Skrill also has a 1-Tap option which is ideal for in-game payments.

Benefits of Skrill Digital Wallet:

  • Better customer experience

  • Improved conversion rates

  • 1-tap for instant and frictionless payments

  • Multiple payment options 

  • Can connect with millions of other Skrill users

  • Supports 100+ local payment methods

Coverage: How many Countries & Currencies does Skrill support?

Market Coverage Rating : 8/10

Using payment method for money transfer in the region, users can transfer money to Austria, Belgium, Australia, Bangladesh, Cyprus, France, Greece, Germany, India, Estonia, Finland, Indonesia, Ireland, Italy, Kenya, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Monaco, Nepal, Netherlands, Philippines, Portugal, Poland, San Marino, Slovakia, Slovenia, Spain, Sri Lanka, Thailand, United Kingdom and Vietnam. 

Skrill FAQ's

How can I verify my Skrill account?

For increasing limits, you have to complete an additional account verification process. By uploading the colour copy of the documents as mentioned below, you can increase the limit:

  • Passport photo page

  • Driving licence (front and back)

  • Selfie picture

  • Address verification document

Further, funding the account and verification of account through facebook profile are also included in the process.

What is the cost of sending money with skrill?

If you are transferring money to a Skrill account, you get charged a 1.9% fee of the amount being sent. On top of that, you will get to pay a conversion rate fee of 3.99% and this is one of the factors that makes skrill costly.

What is the cost of sending money with skrill?

If you are transferring money to a Skrill account, you get charged a 1.9% fee of the amount being sent. On top of that, you will get to pay a conversion rate fee of 3.99% and this is one of the factors that makes skrill costly.

How to withdraw funds from Skrill Account?

The sender can choose the withdrawal option for the recipient. They can choose Skrill to Skrill account, merchant site, Neteller wallet, Prepaid Mastercard, Bank account, Visa card, Mastercard and Mobile wallet as a withdraw option.

How long does it take to send money with Skrill?

It takes about 3 to 5 business days when you send money online with Skrill . This however depends on various factors like when and how you have made the transfer. If you release funds on the weekend for example, it may take longer for the recipient to access the money.

Can I track my money with Skrill?

Skrill is one of the most successful international money transfer services around and one of the main reasons for this is their security. Skrill tracking services will keep you updated on the status of your transfer until it reaches the required destination. Usually you will get updated via text messages and email.

How can you deposit through Paysafecard?

You can deposit funds through Paysafecard prepaid card. For that, visit Skrill wallet and press Deposit Now button over Paysafecard option. Then enter the amount to deposit in the account and click on the Next button. Complete the payment by clicking on the Go TO Paysafecard. The users will be redirected to the 3rd-party processor to complete the transaction.

Something seems to be wrong with my Skrill. What should I do?

If you are experiencing problems with your Skrill account or your transfer has not been concluded in time, the best thing to do is get in touch with the support team by simply clicking here. You can also get more help from other forums online.

Skrill User Reviews and Ratings

Skrill ha cerrado mi cuenta permanentemente

Review published on 08-05-2024

Tengo restringida mi cuenta Skrill restringida y después de reclamar en varias ocasiones, me han cerrado permanentemente mi cuenta sin darme ningún motivo, y sin devolverme el saldo que tenia en la misma.

by Manuel

Mir wurde mein Geld gestohlen und…

Review published on 08-05-2024

Mir wurde mein Geld gestohlen und Skrill unternimmt nichts. 🤮🤮🤮

by Ich

Very quick response time to my query

Review published on 08-05-2024

Very quick response time to my query

by Steven Freidberg

Haben mein Geld gestohlen

Review published on 08-05-2024

Haben mein Geld gestohlen. Einzahlungen wurden nicht gutgeschrieben, seit 1 Woche habe ich weder mein Geld zurück erhalten noch bekommt man dort eine Antwort. Angeblich antwortet der Kundenservice innerhalb 24 Stunden, ich warte seit 7 Tagen. Kein Geld und keine Antwort. Für Betrüger kann man keine Empfehlung geben

by Stef