This convenient, easy payment service comes with high fees for sending and withdrawing money.
To transfer money with this e-commerce site, you create a free Skrill account and deposit funds into your Skrill wallet using a wire transfer or credit or debit card. You can withdraw your funds to a bank account or send money to other Skrill users’ wallets. Skrill can convert your money to 40 currencies and offers a high maximum transfer amount.
| Product Name | Skrill |
|---|---|
| Max. Transfer Amount | No limit |
| Transfer Methods | |
| Transfer Options | |
| Customer Service | |
| Available Currencies | USD |
Send money to your friend’s digital wallet account.
Skrill is a safe, convenient e-commerce and money transfer service. Like PayPal and Circle, Skrill’s platform is designed to be easy to understand by people new to money transfers and digital wallets.
Send money to domestic users or convert money to over 40 currencies globally from your online account or the Skrill mobile app. If you need help with your transfer, contact customer service with their 24/7 helpline or check out the interactive FAQ online. But be aware of the many fees.
Highlights
- Don’t have your friend’s bank account details? Easily send money with just their email address.
- Pay for your goods online without pulling out your wallet with any e-retailer that offers Skrill at checkout.
How much will I pay to send money with Skrill?
In addition to Skrill’s currency conversion fee, you’ll pay a transfer fee that’s equal to 1.9% of your total transaction amount, capped at $20. Skrill automatically deducts these fees from the amount your friend or family member receives on the their end. You’ll also pay to withdraw money from your account.
- 1.9% transaction fee
- 3.99% currency conversion fee
- up to 7.5% withdraw fee (varies by payment method)
For example, if you’re transferring $1,000 from your Skrill account to a friend in the UK, Skrill will deduct a transaction fee of 1.9% ($19), along with a 3.99% ($39.90) currency conversion fee. Your friend will receive $941.10.
There are also fees for loading funds to your Skrill account. The price depends on the method you use:
- Bank transfer: Free
- ACH: 6%
- Credit card: 2.9%
- PaySafe card: 7.5%
Exchange rates
Skrill’s exchange rates can be higher than competing services. It adds 3.99% to what it calls “Skrill’s wholesale exchange rate.” For comparison, TransferWise offers the mid-market rate for most international transfers, and PayPal typically charges fees of up to 2.5% above mid-market rate.
What types of transfers does Skrill support?
Skrill offers one-off transfers. You have options for loading the funds to your Skrill wallet and withdrawing the money, including:
- Upload methods. Load your Skrill wallet with funds directly from your bank account, a credit or debit card, a SWIFT account or another digital wallet.
- Withdraw methods. Your recipient can withdraw funds from a Skrill wallet to a bank account via wire transfer, a credit card balance or SWIFT account, depending on their location.
Minimum and maximum transfer amounts
Skrill does not have a minimum transfer amount. Maximum transfer amounts can vary between $135 and $25,000 a month, depending on the verification of your account. You can usually verify your account instantly with your Social Security Number.
Pros and cons
Pros
- Intuitive system. Skrill is a simple platform that’s easy for people new to money transfers.
- Services many countries. Though it’s not available in all countries, Skrill offers its transfers worldwide.
- High limits. With no transfer minimum and up to a $25,000 maximum, few can beat the range of freedom offered by Skrill.
Cons
- High fees. Convenience comes at a price, with lots of fees, including a currency conversion fee of 3.99%, which is higher than many other online transfer services.
- Potential inactivity fee. If you don’t use or log in to Skrill at least annually, you’ll be charged a monthly 2 euro (roughly $2) fee until you do so.
- Requires government-issued ID. This requirement could deter users without one.
How does Skrill compare to other services?
How do I send money through Skrill?
Sending money through Skrill is fast and easy. You will first need to sign up for a free Skrill account before loading funds into your wallet. To sign up for an account, you will provide:
- Your full name and personal contact information, including your phone number and email address.
- Your Social Security Number or photo ID and proof of residence.
You can start transfers after you’ve created your account.
- Confirm your email address and identity by entering your Social Security Number.
- Enter banking or credit card information.
- Deposit funds into your Skrill account.
- Track the progress of your initial deposit and any money transfers through your Skrill account.
Your recipient will typically receive your funds in 2 to 5 business days.
Can I link my Skrill account to PayPal?
Unfortunately, PayPal is not currently a payment option. You can, however, register up to two bank accounts — one primary and one secondary.
Bottom line
While Skrill offers an easy-to-use platform, you may find that the high fees outweigh Skrill’s benefits. In that case, you’ll want to compare the fees, rates and transfer options of other money transfer specialists to find one that suits your needs.
Hi which banks support skrill in south Africa ..What should l enter as reason for payment when funding skrill account from a local bank
Hi Monie,
Thank you for reaching out to finder.
Standard Bank support skrill transfers. The reasons may depend on what is available when you make a fund transfer. We could not provide you a definitive answer on that as the reasons may vary from time to time. Hope this helps!
Cheers,
Reggie
I have withdrawn money since last month, what’s wrong? I have been waiting I need my money.
Hello,
Thank you for your comment.
According to Skrill, all withdrawals are first approved by their internal review team, which takes approximately up to three business days. Once they have processed your withdrawal, it will take 24 hours for the funds to appear in your Skrill account. If it’s already more than a month, you may need to get in touch with Skrill support so they can check the status of your withdrawal.
Regards,
Jhezelyn
How does it take for Skrill to verify one’s account if has been restricted temporarily?
Hello Katleho,
Thank you for your comment.
According to the reviews, it usually will take 7 business days for Skrill to perform security checks involving documents. You may verify this also by contacting a Skrill support directly.
Regards,
Jhezelyn
Please help with the list of Nigerian banks Skrill is connected to.
Hi God,
Thank you for reaching out to finder.
Current Nigerian banks that are affiliated to Skrill are UBA or FCMB. Hope this helps!
Cheers,
Reggie
How much does it cost to a company to receive payments from many different countries, in euro?
Hi Francesco,
Thank you for getting in touch with finder.
Receiving payment has no additional cost however, the initial amount sent to the receiver is deducted with a transaction fee of 1.9%, along with a 3.99% currency conversion fee as well as withdraw fee of up to 7.5% depending on the payment method.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
Hi, how are you? I’m from Pakistan. I transfer some fund to my Skrill account. How can I transfer money to my Skrill account?
Hi Ahmad,
Thanks for getting in touch with finder. I hope all is well with you. :)
To add fund to your Skrill account, you would need first to log into your account. You should then click on the “Upload” button to see deposit options. Choose how you want to deposit the money. It could be from your bank account, a credit or debit card, a SWIFT account or another digital wallet. From there, just follow the instruction and you should be able to deposit money into your Skrill account.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hi Mitch here from Philippines, which is better, skrill to debit/credit card or skrill to gcash/paymaya to credit/debit card?
Hi Mitch,
Thank you for leaving a question.
Since we are not in the position to give you a specific answer to what is better, both options are secure.
To help you make a decision, you may want to check the fees involved for both and the exchange as well
Hope this helps!
Regards,
Val
I withdraw funds from my Skrill account,but still now not reflect in my bank account
Hi Sara,
Thanks for your inquiry.
Withdrawing money from Skrill to your bank account may take 4-5 business days for the money to be appeared to your account, If your withdrawal request still not reflecting/or pending, you may need to double check the details of the withdrawal. You may get in touch with Skrill support to check the status of your withdrawal.
I hope this helps. Please feel free to message us again for further questions.
Kind regards,
Bella
I live in Mongolia. How can I withdraw funds from my Skrill account? Does Skrill support those in Mongolia? How do I withdraw funds to a VISA card?
Hi Mahambet,
Thanks for getting in touch with finder!
You can withdraw your funds by transferring the funds to a bank account and withdraw the money from your bank account from a supported ATM in Mongolia. Please note that you’ll also pay to withdraw money from your account.
1.9% transaction fee
3.99% currency conversion fee
up to 7.5% withdraw fee (varies by payment method)
More information on these when you check the information above.
Hope this helps and let me know if you have questions.
Cheers,
Nikki
Can i withdraw fund to credit card issued in Singapore?
Hi Adrian,
Thanks for getting in touch with finder!
No, you can’t withdraw by credit card. You can withdraw your funds by transferring the funds to a bank account and withdraw the money from your bank account from a supported ATM in Singapore. Please note that you’ll also pay to withdraw money from your account.
1.9% transaction fee
3.99% currency conversion fee
up to 7.5% withdraw fee (varies by payment method)
More information on these when you check the information above.
Please don’t hesitate to let us know if you have questions.
Cheers,
Val