Skrill online money transfer review December 2018 | finder.com

Review: Skrill online payments and money transfers – December 2018

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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 NameSkrill
Max. Transfer AmountNo limit
Transfer Methods
Online,
Transfer Options
Regular payments, One off payments
Customer Service
Phone, Email
Available CurrenciesUSD

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 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.

  1. Confirm your email address and identity by entering your Social Security Number.
  2. Enter banking or credit card information.
  3. Deposit funds into your Skrill account.
  4. 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.

See how other services compare to Skrill

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.877 EUR 4,383 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day USD 0.00 0.876 EUR 4,381 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 - 2 days USD 7.00 0.877 EUR
4,379
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.875 EUR 4,373 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details
1 - 2 days USD 0.00 0.874 EUR 4,372 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details
1 - 2 days - - RemitMoney specializes in transfers to India, offering 24/7 customer support and easy tracking. Show details

Compare up to 4 providers

Frequently asked questions

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First

No maximum limit, no fees and competitive exchange rates for 100+ currencies.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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53 Responses

  1. Default Gravatar
    DaviesDecember 3, 2018

    How long does it take for money to reflect in the scrill account once you send using a debit credit card or bank transfer

    • finder Customer Care
      nikkiangcoDecember 3, 2018Staff

      Hi Davies,

      Thanks for getting in touch! As it says on Skrill’s page, all withdrawals are first approved by their internal review team, which takes approximately up to 3 business days. Once they have processed your withdrawal, it will take 24 hours for the funds to appear in your Skrill account. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

  2. Default Gravatar
    EvansNovember 29, 2018

    Hello
    I tried depositing with my skrill account to my binary trading account but the transaction is been declined why is my transaction been declined

    • finder Customer Care
      nikkiangcoDecember 6, 2018Staff

      Hi Evans,

      Thanks for getting in touch! Sorry to hear that your transfer from Skirll to your binary trading account has been declined. Please note that the maximum transfer amounts is between $135 and $25,000 a month, depending on the verification of your account. Check if you have exceeded as this may be one of the reasons why it’s declined. If not, you should contact Skrill and check if there are any holds on your account. Their contact number is available on their website. Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    HamzaNovember 21, 2018

    Hello, I made a skrill account and uploaded 45$ there, I wanted to withdraw that money to my another Bank Account but there is a limit of 38$, I came to know that I must verify my account in order to lift that limit so I sent them my ID’s Picture and the stuff they needed, Skrill verified my account but the limit still exists and haven’t been lifted, kindly tell me why is it still there and why is it not going away?

    Thank you.

    • finder Customer Care
      nikkiangcoNovember 23, 2018Staff

      Hi Hamza,

      Thanks for reaching out! We suggest contacting Skrill why the limit hasn’t been lifted. We don’t have access to Skrill’s system therefore cannot check the status of your account for you. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best

  4. Default Gravatar
    Nsmnaidu5November 19, 2018

    When I was about to withdraw my money to the bank it’s showing a column swift what does it mean

    • finder Customer Care
      nikkiangcoNovember 21, 2018Staff

      Hi Nsmnaidu5,

      Thanks for reaching out! A SWIFT code is a popular term for a Bank Identifier Code (BIC). It is a special number assigned to a specific bank that will determine where to exactly take out money from. Hope this helps!

      Best,
      Nikki

  5. Default Gravatar
    ManiNovember 18, 2018

    Now november can i deposit money to still in india?

    • finder Customer Care
      JoshuaNovember 18, 2018Staff

      Hi Mani,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Skrill is available in India and you can use it there. You can open a Skrill account for free. From there, you can then start sending and receiving money in India.

      Alternatively, you might also check other ways on how you can send money to India.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  6. Default Gravatar
    DanielNovember 16, 2018

    is it possible to transfer 11 dollars.(through bank transfer) to. my skrill account and how much will be deducted from it after sending it to Kenya and how long is it going to take before getting to the person.

    • finder Customer Care
      JoshuaNovember 18, 2018Staff

      Hi Daniel,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      While it is possible for you to transfer $11 using Skrill, the fees might leave you with just a little money. Skrill charges a 1.9% transfer fee and takes a 3.99% margin on the exchange rates. So, in your case, if 1.9% of 11 dollars would be deducted, you would end up with $10.79. Moreover, please note that there’s a conversion fee that would also be charged.

      Before sending your money, Skrill would show you how much you will be charged and how much money is left. You may want to consider that before proceeding.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  7. Default Gravatar
    ParveenNovember 8, 2018

    I have a request for withdrawal after two days but status is still pending. Why?

    • finder Customer Care
      JhezelynNovember 8, 2018Staff

      Hello Parveen,

      Thank you for your comment.

      Please note that when you withdraw money from Skrill to your bank account, it will take 4 or 5 business days for the money to be credited to your account. If your withdrawal request is still pending, you may need to double check the details of the withdrawal.

      You may also need to contact Skrill support to trace the status of your withdrawal.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  8. Default Gravatar
    LadyNovember 7, 2018

    I have just newly created a skrill account required for online job transactions.
    My worry is I don’t know how to deposit money into my skrill account so as to transfer it into my employer’s own account.
    Please, help me out soonest.
    Thank you.

    • finder Customer Care
      JoshuaNovember 18, 2018Staff

      Hi Lady,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Using Skrill is pretty straightforward. To deposit money to your Skrill account, you need to first log into your account. Go to account overview and click the upload’ button. This would allow you to view available deposit options. From there, select payment method and simply follow the instruction. If you need a more detailed and comprehensive tutorial, you may head to Skrill’s website.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  9. Default Gravatar
    prabhatOctober 26, 2018

    Whenever I withdraw my funds via bank transfer, it will take hardly a minute to reflect in my bank account but this time it’s showing “pending” in my transaction history. May i know the reason behind that? Thank you.

    • finder Customer Care
      CharisseOctober 26, 2018Staff

      Hi Prabhat,

      Thanks for reaching out to finder.

      A ‘pending’ withdrawal status means the transaction has only just been initiated and is still not processed. Skrill withdrawal processing time may take from less than 1 day to 5 business days to arrive and when you initiate a bank withdrawal, the processing time frame will be displayed to you.

      Also, depending on your preferred withdrawal option, processing times for withdrawals are as follows:

      – Skrill Prepaid Mastercard withdrawals – instant at ATM locations.
      – Bank wire withdrawals – 2-5 business days.
      – VISA withdrawals – up to 7 days.

      I hope this helps.

      Cheers,
      Charisse

  10. Default Gravatar
    AbhishekOctober 15, 2018

    Please can i know, example if i want to deposit 100$ in my skrill account from my visa card how much dollar will be charged for that.

    • finder Customer Care
      johnbasanesOctober 16, 2018Staff

      Hi Abhishek,

      Thank you for leaving a question

      If you are loading $100 into your Skrill account via your visa card, assuming your Visa card is a credit card then there is a 2.9% transaction fee which would now leave us with $97.10 as the total amount transferred. Hope this helps!

      Cheers,
      Reggie

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