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.
Hello sir i am a your new skrill customer i live in mozambique which is african country i want to know onething can i transfered amount in local bank and also in India from here
Skrill is availabale in mozambique or not
Hi Nashaq,
Thanks for getting in touch! Yes, you can use Skrill in Mozambique and you can transfer funds to another user with a Skrill account. Skrill doesn’t have direct transfers to another person’s bank account. You can only transfer Skrill funds to your own bank account and the steps can be found in the Skrill Interactive FAQ page. You can transfer your Skrill funds to India as long as the other person holds a Skrill account. Please note that local Skrill transfers is not available in India.
Hope this helps!
Best,
Nikki
Please I want to know if I can pay online marchant without verifying my skrill account. I want to pay up to $50.
Hi Otedola,
Thank you for reaching out to Finder.
You can use your Skrill account without verifying your details to send and receive funds up to a limited amount. When you reach this limit, in accordance with our responsibilities as an FCA regulated financial institution and for security reasons, Skrill is required to verify your identity. Hope this helps!
Cheers,
Reggie
I’ve an account at HSBC Egypt bank with Visa Debit and the customer center says they are not supporting any of the electronic banks, is it true? If so, how would I deposit or withdraw with Skrill?
Hi Wessam,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
If it is the official customer representative you have talked to, then it is probably true. What you can do is speak to them again and confirm.
Now, if it is truly the case that you can’ t connect Skrill with your HSBC bank account, then you would need to find other means to do so. You may want to deposit directly to your bank account by doing a bank to bank transfer. You may also visit your HSBC bank and then deposit your money in person. Finally, you can also discuss your problem with HSBC and I’m sure they would be more than willing to show you other available options.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hello,
I am interested in creating a Skrill account and my question is can i withdraw money from Macedonia from my bank account and if possible witch banks support withdrawal in Macedonia.
Hi Filip,
Thank you for reaching out to Finder.
Skrill allows Macedonian citizens to create a Skrill account. Funds can be deposited and withdrawn at a local bank account. You 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. Hope this helps!
Cheers,
Reggie
Can I deposit funds with my Amex credit card?
Hi August,
Thank you for getting in touch with Finder.
You may do so as Skrill supports popular international and local card types including American Express.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
I have been waiting a while for money to be deposited to my bank account from Skrill. It still hasn’t reached as yet. Please help!
Hi Toya,
Thanks for your inquiry.
Transferring from Skrill to a bank account is the same as doing a bank wire transfer. Local and international bank transfers will take 2 to 5 business days excluding weekends and national holidays.
I hope this helps.
Kind regards,
Bella
Hi! I want to know what are the Skrill-supported banks in Srilanka?
Hello Shanikara,
Thank you for your comment.
The receiving option in Sri Lanka is through a Mobile wallet and Bank accounts. Though we have no list of the exact banks that can receive Skrill transfer, almost all the big banks in Sri Lanka can receive it. You can also see this option when you try to make the transfer through Skrill because you will be asked your bank’s name.
Regards,
Jhezelyn
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