Skrill online money transfer review June 2019 | finder.com

Skrill payments and transfers review

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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 does Skrill compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.869 EUR 4,343 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 0.00 0.876 EUR
4,378
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 0.00 0.864 EUR 4,319 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day USD 0.00 0.867 EUR 4,334 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.872 EUR 4,361 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 5,000 1 day USD 0.00 0.861 EUR 4,303 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.861 EUR 4,303 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

Compare up to 4 providers

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.

Frequently asked questions

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US International Money Transfers Offers

Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

Logo for TransferWise
TransferWise

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

Logo for CurrencyTransfer
CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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117 Responses

  1. Default Gravatar
    DhanuskaJune 25, 2019

    Can I receive funds from another Skrill account before i verified my account?

    • Avatarfinder Customer Care
      JoshuaJune 25, 2019Staff

      Hi Dhanuska,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Generally speaking, the answer is yes.

      Skrill allows you to receive and send money, but for a limited amount. To fulfill government mandates, Skrill needs to verify your account before you can fully enjoy their features.

      Moreover, depending on which country you live, there might be applicable law or regulatory requirements that need you to do a verification process first before you can send or receive money. So, check as well with Skrill to confirm and obtain a more personalized answer.

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

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    AsjathJune 22, 2019

    skrill is now working in sri lanka? they banned skrill right?

    • Avatarfinder Customer Care
      BellaJune 23, 2019Staff

      Hi Asjath,

      Thanks for your inquiry.

      As I checked, Skrill is available in Sri Lanka.

      I hope this helps.

      Kind regards,
      Bella

  3. Default Gravatar
    AdrianJune 14, 2019

    I sent money from my Skrill to Gcash in the Philippines but I got an email that my transfer wasn’t successful because the the mobile operator rejected the transaction.

    • Avatarfinder Customer Care
      JeniJune 15, 2019Staff

      Hi Adrian,

      Thank you for getting in touch with Finder.

      If the transaction was not successful due to your mobile network’s error, please get in touch with them to know the reason of the error and once rectified, you may then reprocess sending money from Skrill to your Gcash wallet.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    MarkoJune 6, 2019

    Is it allowed to use mastercard in uk for deposits and withdrawals?

    • Avatarfinder Customer Care
      nikkiangcoJune 7, 2019Staff

      Hi Marko,

      Thanks for getting in touch! You can use a Debit or Credit Mastercard to deposit money into your Skrill account. Regarding withdrawals, this is also possible, however, this option is only available for cards issued in Russia or Ukraine. If you are from one of these countries, you can find the steps on how to withdraw by going to Skrill’s interactive FAQ page.

      Hope this helps!

      Best,
      Nikki

  5. Default Gravatar
    DanielJune 6, 2019

    I want to open an account with Skrill, but am a Nigerian banking with Diamond Bank… I would like to know if this service is available for Nigerian customers?

    • Avatarfinder Customer Care
      nikkiangcoJune 7, 2019Staff

      Hi Daniel,

      Thanks for your inquiry.

      Yes, Skrill is available for Nigerian customers and you can open an account in Nigeria.

      Hope this helps!

      Best,
      Nikki

  6. Default Gravatar
    MunimJune 1, 2019

    Sir, I love in usa. I want to know from which bank’s credit card I can transfer to skrill

    • Avatarfinder Customer Care
      BellaJune 2, 2019Staff

      Hi Munim,

      Thanks for your inquiry.

      As I checked, you may use Visa, Mastercard, American Express, Diner’s Club and JCB credit cards.

      I hope this helps.

      Kind regards,
      Bella

  7. Default Gravatar
    MehrMay 12, 2019

    I want to know if I can deposit in Skrill from a debit card and withdraw from another debit card? Also, I want to operate all this from Qatar to Pakistan.

    • Avatarfinder Customer Care
      JeniMay 14, 2019Staff

      Hi Mehr,

      Thank you for getting in touch with Finder.

      Please note that with Skrill, you may 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 be used in Qatar and Pakistan. If you need help with your Skrill transfer, please contact their customer service which is open 24/7 or check out the interactive FAQ online.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  8. Default Gravatar
    NthatiMay 11, 2019

    Can someone from America send me $2000 via Skrill to Skrill? And how much is it going to charge them?

    • Avatarfinder Customer Care
      MaiMay 11, 2019Staff

      Hi Nthati,

      Thank you for reaching out.

      The fees will be deducted from the amount of money that you will receive and not from the sender. There will be a 3.99% currency conversion fee, 1.9% transfer fee (capped at $20) and up to 7.5% withdraw fee (varies by payment method). For transfer amounting to $2,000 you can refer below –

      $79.80 currency conversion fee
      $20.00 transfer fee

      These amount will be deducted from what you are receiving. So you will receive $1,900.20.

      Hope this helps! 😊

      Kind Regards,
      Mai

  9. Default Gravatar
    RadwanMay 8, 2019

    I live in lebanon i want to withdraw my money is it possible to withdraw via credit card ?

    • Avatarfinder Customer Care
      BellaMay 8, 2019Staff

      Hi Radwan,

      Thanks for your inquiry.

      Yes, you may withdraw your money via credit card balance. Please note that there is a foreign exchange (FX) fee of 3.99% will be applied to any Skrill transaction which involves changing currencies.

      I hope this information helps.

      Kind regards,
      Bella

  10. Default Gravatar
    SimlexApril 30, 2019

    I am in Zimbabwe and am using Barclays bank but I am failing to withdraw money from skrill to bank. What can I do?

    • Avatarfinder Customer Care
      JeniApril 30, 2019Staff

      Hi Simlex,

      Thank you for getting in touch with Finder.

      Sorry to hear your trouble on this matter. Please contact Skrill directly since you’re having a difficulty transferring from your Skrill wallet to your bank account. They’d be able to check the error you are getting and how it could be rectified. Please make sure that your account has sufficient funds to be transferred to your bank account and the bank details are correct.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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