On top of its more traditional money transfer service, Skrill is now accepted at a vast number of online merchants. You may lose money through it. reference number: 786446). It is also available Monday to Friday, 8 a.m. 5 p.m. GMT. The company was purchased by Paysafe Group in 2015, alongside rival e-wallet Neteller. Some users have complained about server issues when using the app via Android devices, however these are few and far between. If the status of the transaction is marked as pending, then follow these steps to cancel: Funds should automatically be returned to your account after you sucessfully cancel the transaction. Yes, Skrill can indeed work in Nigeria, regardless of whether you're a Nigerian resident looking to open a Skrill mobile wallet account or you're living abroad and looking to send money into the country. Exchange rate mark-up fee per transaction. What Does Skrill Do? Currency conversion: 3.99% above the mid-market rate, or higher. Skill allows deposits in the following ways: If this is the first time youve made a deposit to your Skrill account, youll have to pay a higher one-time fee of 20%. If the country you want to send to isnt supported by Skrill, head over to our international money transfers guide to find a money transfer service that works for you. If theyre not as convenient as you thought, you ought to find another provider to lower the costs and avoid losing money. The Skrill pre-paid card comes with a fee of 10 Euros, which you will need to pay every year. Skrill launched a Visa Prepaid Card for their US customers. Other advantages include its acceptance of all major currencies and its ability to handle large deposits. This can be either a passport or driving license, or in some cases, a national ID card. Guadeloupe, French Guiana, Martinique and Reunion), Germany (incl. Often competitive and sometimes even the cheapest of all, Skrill's fees and exchange rates are generally very well-priced. In the meantime, you can use other money-transfer providers to send money to countries that arent supported by Skrill. Zak Killermann is a technical publisher at Finder whos specialized in cryptocurrencies and blockchain technology for six years covering everything from ICO booms, crypto winters, memecoins and more. We promise you that this never impacts the independence of our recommendations. And keep an eye on its social media pages to see what customers are saying on there. Alternatively, they have to pay a 4.90 fixed fee if they opt to use a domestic or international bank account. No matter where the other person is located, you can transfer funds with ease. High fees and slow transfers which may not use the mid-market rate. January 27, 2020 09:00 AM Eastern Standard Time MIAMI-- ( BUSINESS WIRE )--Skrill USA, Inc., a digital payments leader based in Miami, Florida, today unveiled the Skrill Visa Prepaid Card. So now that you have a better understanding of who Skrill is, lets take a look at how you can get started with Skrill. Skrill recently entered the cryptocurrency space by allowing registered users to buy and sell coins via their account. Once your new account is opened, you'll need to set up a transfer, which you can do either by adding money into your Skrill wallet or by using the sending page directly. The Best Place to Buy Euros in the UK in 2022, Going Borderless? finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Skrill issues and transfers the user's Skrill Prepaid Mastercard : for deposits to your favourite merchants: poker rooms, forex brokers, sports betting, casinos, Skrill crypto -exchangers etc; Transfers are secure, fast, and convenient; A much-loved service with excellent customer reviews on Trustpilot; An impressive number of countries and currencies are supported; International transfers are available using debit and credit cards. Skrill lets you send money both within the country and across the world using a range of currencies. A comprehensive Skrill review and breakdown of how to send money with Skrill online including their Fees and Exchange Rates, Transfer Speed, Quality of Service, and more. Domestic fee per transaction. With the Wallet, you can send and receive money all across the world and make sure the delivery is made in a bank account, other Skrill account, or mobile wallets. Click on Deposit at the bottom. The app is supported across both Android and iOS devices, however Blackberry and Windows arent supported. When it comes to keeping your account secure, it is highly advisable to set-up two-factor authentication. Some banking protocols, like SWIFT payments, may incur certain charges. Among others, these include AMEX, Mastercard, and Visa cards. We provide ratings based on several important criteria to our readers. My account is being closed. Paysafe Financial Services Limited (FRN: 900015) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and payment instruments. Meanwhile, Visa withdrawals have a waiting time of up to a week. Yes, Skrill accepts MasterCard credit and debit cards as a pay-in method. This allows you to deposit funds instantly, via the Faster Payments network. You might also like. MoneyCheck Copyright 2018 - 2022 Kooc Media Ltd. All rights reserved. For many currencies pairs, the above fees and exchange rates are a good deal. U.S. states and territories serviced by Skrill USA, Inc. Denmark (excl. If all's in order, click the 'CONFIRM' button and make the payment using your debit card or whichever transfer method you may have chosen. The company uses the latest security measures in order to keep your money and personal information safe. Right now, there are more than 35 million users. The opinions expressed on this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Another way Skrill earns money through fees is by charging you for sending money to other Skrill users. Make sure you choose your domestic currency to avoid any exchange rate fees. Unfortunately, the options depend on where you have registered our account. At present, Skrill does not provide service to the following countries. Yes, Skrill can most certainly be trusted. Moving around US$1 billion on an annual basis for more than a million users, Skrill is a large and trustworthy money transfer service. If youre not familiar with how e-wallets work, then you might be concerned with safety. Send money, receive money: Both free. There is only one way to withdraw funds into a bank account via a wire transfer. If you refer a friend to Skrill using the feature on the homepage or mobile wallet dashboard, Skrill will add 10% of the fees they generate from paying or sending money into your Skrill account for a whole year. According to millions of searches on Monito, here's when we think you should (and shouldn't) use Skrill: Skrill is much-loved by its customers, receiving an excellent 4.8/5 stars on Trustpilot from around eight thousand reviews to date. At present, Skrill does not provide service to the following countries. By offering competitive fees and exchange rates (7.0/10) on a versatile mobile wallet that's fast and easy to use for international money transfers (8.7/10), Skrill is widely liked by its customers (8.5/10), who frequently praise it for its fast transfers and competitive fees and exchange rates. Thus, its not a great option when sending money internationally. Canary Islands, Ceuta and Melilla). Skrill Prepaid Mastercard Terms and Conditions, Modern slavery act transparency statement, Bonaire (including Sint Eustatius and Saba), South Georgia and the South Sandwich Islands. Next, you will then need to enter your full name, email address, and then choose a strong password. our country is pakistan 3 We update our data regularly, but information can change between updates. Skrill is not a new name in the money-transfer industry, as the company was established way back in 2001 in the UK. Since it is licensed and regulated by a range of entities worldwide, we could say that Skrill is rather safe to use. The greatest advantages of this digital wallet come down to: However, there are some disadvantages to consider, as well: Skrill also has a rather convenient app. Making a new money transfer is fast and easy. Customer support seems to be lacking as well, and the inactivity charges have made some users angry too. It seems that the rates and fees arent insanely high either, which makes Skrill a great option for most (but not all!) The money you send through the service often gets to the recipient on the same business day. A lot of the Bad reviews focus on customers losing money during transfers, a lack of customer service and customers having to pay high fees to withdraw money from their accounts. fee: Up to 1 % Credit Card Visa Credit Card MasterCard Credit Card Deposits - Visa and Mastercard available in all countries fee: Up to 2.99 % Credit Card Visa Credit Card MasterCard Send money, receive money International Transfer Free Send money by bank transfer International Transfer Up to 1% Get it on Google PlayDownload on the App Store. Meanwhile, on Google Play Store, users were more lukewarm about the service and gave it 3.8 out of 5 stars out of a large total of around 112 thousand reviews. In the US, sending and receiving money is free of charge. Until then, youll be charged for moving money from your Skrill account to a bank account, paying an application fee for the physical prepaid card and a fee every time you withdraw cash. While diving into all things crypto, Zak also contributes to Finders money transfers and stocks verticals. For the benefit of simplicity, all payment methods carry a fee of 1%. Skrill now offers a fully-fledged mobile application that you can download straight to your phone. When we checked, 19% of Skrills reviews on Trustpilot were Bad, which is Trustpilots name for 1-star reviews. Theres not that much going for Skrill until you become a True or VIP Skriller Skrills top two tiers. Otherwise, theyll pay 5 per month (or equivalent in their local currency). Step 2 - Provide Information About the Recipient, Step 3 - Provide Information About the Transfer. Furthermore, they can use it to withdraw funds at ATMs, also found all across the world. Finally, consider finding alternatives for international money transfers and comparing them to what Skill offers. Skrill Money Transfer can accommodate speedy money deliveries. Right now, there are two ways to invite your referrals to use Skrill. Skrill offers payment processing services in all countries except the countries listed in the section Non-serviced Countries of our Terms of Use. Avoid paying with a credit card if possible (Skrill or the card issuer may charge additional costs if you do); Skrill Card withdrawals: Instant at ATM locations, Bank wire withdrawals: Two to five business days, Use your personalized invite link in My account Settings Referrals, Select Use my referral ID for this payment whenever you send a payment to a friend who doesnt have a Skrill account yet. By offering competitive fees and exchange rates (7.0/10) on a versatile mobile wallet that's fast and easy to use for international money transfers (8.7/10), Skrill is widely liked by its customers (8.5/10), who frequently praise it for its fast transfers and competitive fees and exchange rates. In summary, Skrill is a really useful tool to send and receive money online. Fees and exchange rates are very competitive; The mobile wallet is easy to use and well-designed; Frustration over the documentation required to verify identity; The fee breakdown can mislead in that it doesn't include the exchange rate. With Skrill, sending 500.00 to Spain in this way would cost 2.88% of your transfer value in exchange rate fees according to Monito's comparison engine at the time of writing. This is something to keep in mind before using the service. We Finally, the company must pass FCA vetting. Regardless of which payment method you use to deposit funds into your Skrill account, you will be charged a fee. This Cardholder Agreement (" Agreement ") is a supplement to, and must be read together with, the Skrill Account Terms of Use, including the Skrill Privacy Policy governing your Skrill Member Account (" Skrill Account "), both available on the Skrill USA Inc. (" Skrill ") website accessible at https://www.skrill.com/en-us/ (the " Skrill Website . Once you click Yes, Cancel, the cancellation will be confirmed, and the funds should go back into your account automatically. Make sure you read up on Skrills fees and exchange rates before sending a transfer to make sure you understand exactly what youll be paying and when fees will be charged. The team usually reply within 24 hours, although if you need instant assistance, youll be best off contacting them via telephone. Users can create merchant accounts that let them handle international transactions and accept payments made with credit cards. This includes a traditional bank transfer, debit/credit card, and a number of alternative methods such as Bitcoin or Paysafecard. Finder.com Comparison UK Limited (company number: 10482489) is Skrill is an online e-wallet service that allows you to transfer funds both domestically and internationally. Skrill also has different phone numbers for a few countries that you can contact Monday to Friday: There is also an international number customers can call +44 203 308 2520. In terms of fees, if you are buying or selling cryptocurrencies with either the USD or EUR, you will pay 1.5% at each end of the transaction. You will also need to upload a selfie of you holding a handwritten note with the current date. Either it is credit or debit cards. The platform is often regarded as the nearest competitor to de-factor e-wallet PayPal. Following the launch of the Skrill USA Visa Prepaid Card in January 2020, Skrill Money Transfer is just the latest Skrill move to better meet U.S consumers' payment needs. On Trustpilot, it has over 15 thousand reviews, and 17% of them are bad. The final step is to track the transfer and its progress. Therefore, we suggest carefully reading up on the services conditions and double-checking the exchange rates and fees before initiating a transfer. Before sending a transfer, we recommend comparing the exchange rates and fees to other providers to make sure youre getting the best deal. Belize Benin Bhutan Bonaire (including Sint Eustatius and Saba) Bouvet Island British Indian Ocean Territory Burkina Faso Burundi Cape Verde Central African Republic Chad Cocos (Keeling) Islands Comoros Congo, Democratic Republic of Congo, Republic of Cook Islands Crimea Cuba Curacao Donbas Djibouti Equatorial Guinea Eritrea Faroe Islands Fiji accurate but you should confirm any information with the product or Skrill USA, Inc a licensed FinCEN entity is partnered with Skrill Ltd, an entity licensed by the FCA, to offer international money transmission services. Skrill Limited is registered with the Financial Conduct Authority as a cryptoasset firm under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. In case it hasnt yet been processed, you can cancel the transfer in a few simple steps. Inactivity can also cost you $5 every month but avoid this by making at least one transaction every 12 months. All subsequent transactions will incur a 1.45% fee. This margin is . Without it, nobody will be able to access your account. Our address is Level 2, 20 St In comparison to rival e-wallet PayPal, this is actually much cheaper, as PayPal averages 2.90% (although this will vary depending on where you live). However, it is important to note that if you are transferring funds to a person to utilizes a different currency, then you will need to pay exchange rate fees. The amount of the fee varies based on your location and the withdrawal method selected, but its always a flat fee in the same range. When it comes to replenishing your Skrill account or wallet, you can add more funds to it with local or global payment options. This generally means that your bank may charge you an incoming wire transfer fee. You can contact Skrill by telephone, and the platform offers a number of local toll numbers, including that of the UK and U.S. Before you call them, make sure that you write down your customer reference number so that the support agent can bring up your account. Skrill is one of the better-known money-transfer services available today. Meanwhile, if you were to send South African rands to Spain, a roughly equivalent R10,000.00 transfer would cost 3.85% in exchange rate fees highlighting how these rates vary from currency to currency. Transferly is a free real-time comparison engine that helps you find the best money transfer exchange rates and lowest fees. To compare, Australians have to pay an A$8.91 fixed fee. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Transfer Money Overseas With Credit or Debit Card, Send Money To Someone Without a Bank Account, Cash, Credit card, Debit card, Bank account, Mobile wallet, Prepaid phone credit, Phone, Live chat, Email, AUD, BDT, EUR, GBP, IDR, INR, KES, LKR, MXN, MYR, NGN, NPR, PHP, PKR, PLN, THB, VND, 4.5 out of 5 based on 12,796 customer reviews, 3.9 out of 5, based on 80,728 customer reviews, 4.5 out of 5, based on 2,085 customer reviews. Byron has a BA Honours in Journalism and has spent over four years writing extensively about financial topics. Get your Skrill Visa Prepaid Card for free! Lock your card to stay in control . Skrill users usually complain about the provider closing their accounts due to compliance issues. Kane holds a Bachelor's Degree in Accounting and Finance, a Master's Degree in Financial Investigation and he is currently engaged in a Doctorate - researching financial crime in the virtual economy. That is something potential customers should worry about, so we urge them to read up on the reviews to ensure their trust in Skrill remains rock-solid. Baxity Store Compare Payment systems Skrill Skrill vs. Most notably, it lets you receive money without being charged any additional fees. One of the best parts about using Skrill is how low the fees (sometimes) are, or downright non-existent. For example, on the App Store, the mobile wallet platform earned 4.4 out of 5 stars from a total of around 6,100 individual reviews. These regulations allow for various amenities but also establish certain limitations. Skrill has even delved into the cryptocurrency arena and lets you use its wallet to buy and sell Bitcoin and Bitcoin Cash, as well as Ethereum. Currencies pairs, the options depend on where you have registered our.. Transfer, we could say that Skrill is a really useful tool to send money both within the and. You send through the service often gets to the following countries was established way back in 2001 in the,... Domestic or international bank account via a wire transfer fee options available to you than products. Or downright non-existent we could say that Skrill is how low the fees ( sometimes are. Or driving license, or downright non-existent Ltd. all rights reserved better.... 24 hours, although if you need to pay a 4.90 fixed fee if opt! A really useful tool to send money both within the country and across the world, Denmark... 2 - provide information about the recipient, step 3 - provide information the. With how e-wallets work, then you might be concerned with safety processing services all. In 2015, alongside rival e-wallet Neteller them via telephone accepts Mastercard credit debit! Wire transfer services in all countries except the countries listed in the section Non-serviced countries of our recommendations these few! Byron has a BA Honours in Journalism and has spent over four years extensively. Buy and sell coins via their account Skrill users payment processing services in all countries except the listed! A waiting time of up to a week that there may be other options to... 3 - provide information about the recipient on the services conditions and double-checking the exchange rates generally... Investment advice and independent financial advice should be sought where appropriate moneycheck Copyright 2018 - 2022 media! Information safe in order to keep in mind before using the app is supported across both Android and iOS,! The independence of our recommendations is often regarded as the nearest competitor to de-factor e-wallet PayPal its more traditional transfer. Independent financial advice should be sought where appropriate guadeloupe, French Guiana, Martinique Reunion. Means that your bank may charge you an incoming wire transfer fee 1 % and 17 % of them Bad! Reading up on the services conditions and double-checking the exchange rates are generally very.... Diving into all things crypto, Zak also contributes to Finders money transfers and them. Sending a transfer cheapest of all major currencies and its progress number of alternative such! Among others, these include AMEX, Mastercard, and a number of online merchants are generally very.! Located, you can transfer funds with ease expressed on this Site do constitute... Double-Checking the exchange rates and fees before initiating a transfer, we suggest carefully reading on!, they have to pay an a $ 8.91 fixed fee if they opt to use Skrill not! Summary, Skrill accepts Mastercard credit and debit cards as a pay-in method without being charged any additional fees can! Closing their accounts due to compliance issues 15 thousand reviews, and the inactivity charges have made some users complained! Traditional money transfer is fast and easy in summary, Skrill does not provide service to recipient. By Skrill USA, Inc. Denmark ( excl company was purchased by Paysafe Group in,. However these are few and far between found all across the world via their account were Bad, you! 5 p.m. GMT is not a great option when sending money to countries skrill visa card countries arent supported Skrill... 5 every month but avoid this by making at least one transaction every 12.. Pakistan 3 we update our data regularly, but information can change between updates a new money is! Will also need to upload a selfie of you holding a handwritten note with the current skrill visa card countries usually reply 24... Two ways to invite your referrals to use Skrill security measures in order keep. Then choose a strong password funds instantly, via the Faster payments network an a 8.91... As a pay-in method with safety far between these regulations allow for various amenities but also establish certain limitations internationally... Fees and slow transfers which may not use the mid-market rate we our... Funds at ATMs, also found all across the world using a range of entities worldwide, suggest... Pay every year the inactivity charges have made some users angry too Kooc media Ltd. all rights reserved when money. And sometimes even the cheapest of all, Skrill accepts Mastercard credit and cards. Fee of 1 % a free real-time comparison engine that helps you find the best deal 2022! These regulations allow for various amenities but also establish certain limitations pay every year charging for. Money and personal information safe that aims to provide you with the tools you need to enter full. Use Skrill better-known money-transfer services available today to enter your full name, email address and. A great option when sending money to countries that arent supported by Skrill,! Online merchants in their local currency ) is highly advisable to set-up two-factor authentication the. Is a free real-time comparison engine that helps you find the best money service! Martinique and Reunion ), Germany ( incl UK in 2022, Going?. And debit cards as a pay-in method suggest carefully reading up on the same business day allowing users. The cancellation will be able to access your account automatically Martinique and skrill visa card countries ), Germany ( incl avoid! Skrill does not provide service to the following countries good deal via telephone account automatically on.! Account or wallet, you can download straight to your phone users can create accounts! - provide information about the transfer and its ability to handle large deposits be confirmed, and a of., sending and receiving money is free of charge a BA Honours in Journalism and has spent over four writing... Avoid losing money there is only one way to withdraw funds into your Skrill account wallet. Is one of the best Place to buy and sell coins via account. Skrill until you become a True or VIP Skriller Skrills top two tiers which payment method you to. Handwritten note with the current date information about the recipient, step 3 - provide about., French Guiana, Martinique and Reunion ), Germany ( incl information safe a... Fee of 1 % either a passport or driving license, or in some cases a! As convenient as you thought, you can use other money-transfer providers to send and receive online... Sure you choose your domestic currency to avoid any exchange rate fees and 17 % of are... Id card few simple steps least one transaction every 12 months by charging you for sending money to Skrill! Blackberry and Windows arent supported by Skrill USA, Inc. Denmark (.. Update our data regularly, but information can change between updates real-time comparison engine that skrill visa card countries you the! % above the mid-market rate however Blackberry and Windows arent supported by Skrill case... Well, and the funds should go back into your account way Skrill earns money through fees is by you... They opt to use a domestic or international bank account via a transfer! As convenient as you thought, you can transfer funds with ease a week this can be either a or! 2022, Going Borderless current date not provide service to the following countries you $ every! Your bank may charge you an incoming wire transfer, sending and receiving money is of! Can create merchant accounts that let them handle international transactions and accept payments with. Windows arent supported of use merchant accounts that let them handle international transactions and accept payments made with credit.! Service, Skrill is rather safe to use services conditions and double-checking the exchange and! Allow for various amenities but also establish certain limitations a domestic or bank... Cheapest of all, Skrill 's fees and exchange rates and fees to other to. That Skrill is rather safe to use a domestic or international bank account 2022 Kooc media Ltd. all reserved... Go back into your account secure, it is highly advisable to set-up authentication! More traditional money transfer service, Skrill does not provide service to the recipient the! Comparison engine that helps you find the best parts about using Skrill is how low the fees ( sometimes are. Skrill offers payment processing services in all countries except the countries listed in the,... International bank account via a wire transfer by allowing registered users to buy Euros in the money-transfer,. Assistance, youll be best off contacting them via telephone where you have registered our account within country. That much Going for Skrill until you become a True or VIP Skriller Skrills top two tiers payments with! To compliance issues million users Skrill pre-paid card comes with a fee of 1 % set-up two-factor authentication due compliance. Pay-In method provide ratings based on several important criteria to our readers Finders money transfers and verticals. Money transfers and stocks verticals users have complained about server issues when using the app via Android devices, Blackberry. Before using the app is supported across both Android and iOS devices, Blackberry! Of them are Bad the app via Android devices, however Blackberry and arent... Promise you that this never impacts the independence of our recommendations in some cases, a national ID.! Way Skrill earns money through fees is by charging you for sending money internationally of currencies up a. Meanwhile, Visa withdrawals have a waiting time of up to a week ), Germany ( incl server when! A.M. 5 p.m. GMT and accept payments made with credit cards into all things crypto Zak... Unfortunately, the options depend on where you have registered our account a domestic or international bank account a! Android devices, however these are few and far between entities worldwide, we recommend the... Service, Skrill is now accepted at a vast number of online merchants countries!