Skrill Review – Online Wallet for Money Transfers and Online Payments

In this Skrill review, you'll find more information about its features, pricing, pros and cons and why you should consider using it.
8.4/10 (Expert Score)
Product is rated as #7 in category Payment Gateway
8.4Expert Score
Pay online, send money and buy crypto with a digital wallet used by millions

Skrill is an online payment system that allows you to send and receive money globally, pay online securely, and manage your funds in multiple currencies. You should use it because it’s fast, easy, and offers low fees compared to traditional banking methods.

Customer support
8.5
Value for money
8.5
Ease of use
8
Features
8.7
Pros
  • Feasible exchange rate
  • Management of Forex trading and online gambling accounts
  • Free bank transfers are available
  • Excellent customer service and customer support
  • User-friendly smartphone app
Cons
  • Getting fully functioning is time-consuming
  • Complex fee plans

Gateways for money transactions are widely regarded as a game-changing innovation in the sector where they were first introduced. In contrast to the dependability, safety, openness, and efficiency of traditional Neteller banking services, contemporary payment gateways are playing an increasingly essential role in making it possible for people all over the world to carry out financial transactions.

Skrill is a payment method that is commonly utilized, not only in Finland but also everywhere else around the world, due to the fact that it is currently offered in more than a hundred different nations at this time. Users also have access to a physical Mastercard that may be used in the same ways that domestic payment cards can be used. This is in addition to the digital account that users have access to. Let us analyze a closer look at its features, positive and negative reviews, and fee options in detail.

Click on “open” if you want to see exactly what we will talk about in the rest of this article.

Overview

What is Skrill?

Skrill has rapidly become one of the most popular and extensively used platforms for online payments, especially for online shopping and other activities. It is far more convenient for freelancers working in foreign countries to get paid with Skrill because cash can be transmitted quickly, and there are no fees if the payment is made directly to the freelancer’s bank account. If you use Skrill to make a payment that needs the exchange of one currency for another, a currency conversion fee will apply. Skrill is a service for digital payments.

When sending money abroad with an easy exchange rate, use the simple and secure Skrill Money Transfer service. Skrill has grown in popularity because of its speed and low fees. The recipient can choose between two options. They can be paid via standard bank transactions or with the Skrill mobile app wallet. Sending money to someone is as simple as inputting their email address using Skrill.

The Skrill user Prepaid card is a good solution for frequent fliers because it is a low-frills alternative that can be used in over 200 countries and territories at no additional fee. Skrill is the popular online payment method that is accepted by a growing number of online marketplaces, including eBay and Amazon, as well as an increasing number of smaller online marketplaces. Due to the fact that the sender and receiver of a Skrill transaction do not need to communicate private financial information, Skrill transactions are slightly more secure than credit card transactions.

Skrill specifications

FeaturesCryptocurrency with Skrill / Knect Loyalty Program / Payment Options
Best suited forIndividuals, Freelancers, Small businesses, Mid size businesses, Large enterprises
Website languagesEnglish
Website URLVisit official website
Support linkSupport page
Live chatYes
Company addressOne Biscayne Tower, 2 S. Biscayne Blvd Suite 2630. Miami, Florida 33131, USA
Year founded2001

Pricing

Skrill pricing: How much does Skrill cost?

The main options of depositing funds, withdrawing funds, and sending and receiving money have been discussed with brief percentage rates. While the other fee options like card subscription fees and other maintenance charges are subjected to depending upon the currency and location.

Pricing rangeFrom 0% to $5.5
Pricing typesCommission based
Free planNo
Free trialNo
Money back guaranteeNo
Pricing page linkSee plans

Skrill pricing plans

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Deposit Funds:

  • Local payment methods transfer fee Free of charge 0.00 %
  • Bank Account via ACH, Wire Transfer, Paysafecard, Paysafecash
  • Global payment methods Free of charge 0.00 %

Withdraw funds:

  • Global payment methods Fee USD 5.50
  • Bank Account via ACH

Send and Receive Money:

  • Skrill to Skrill is free; as long as currency conversion doesn’t follow

Features

Skrill features: What can you do with it?

Cryptocurrency with Skrill

You may be able to profit from price variations that occur across multiple crypto-currencies if you use the Crypto-currency trade option of Skrill to convert some of your main balance of fiat currency or Bitcoin into one of the other crypto-currencies that are available. To get started with trading crypto-currencies, go to the “Crypto” area login of Skrill wallets. From there, you may get started.

This is the part of the article that you should focus on reading. You can discover both your Crypto Portfolio and a list of all tradeable crypto-currencies in the Crypto part of the platform, in addition to tools that allow you to set alerts and Conditional orders. In the section of your Skrill account titled “Transactions,” you’ll find a record of all of the buying and selling activities pertaining to crypto-currencies that you’ve engaged in. There are filters that may be used on the account, the time period, and the type of transaction.

You can use these filters to narrow down your search. You have the chance to review the trades that you have completed in the past with the selected coin by going to the Crypto section and clicking on the tab that is labeled Trade. After a bitcoin trade is completed, there is no way to get your original coin back into your custody or control. Online gambling is also accessible with Skrill.

Payment Options

When you use their banking system to make domestic wire transactions, you won’t be responsible for paying any additional costs whatsoever. In order for the transfer to be considered legitimate, the money must originate from a bank account that is opened in your name. In general, wire payment transfers take between two and five business days (excluding weekends and national holidays).

Skrill allows you to fund your account directly from your bank account by accepting direct bank transference through the Automated Clearing House. Using a card to make a deposit is a speedy and uncomplicated method. You are required to use a card that clearly displays your name so that there is no room for misunderstanding. In addition, once you reach a certain threshold, a verification process of your card will be required. Cards carrying the verification of Visa and Mastercard brands can be used successfully. It is not possible to use virtual or prepaid cards to make deposits.

You are able to add funds to your Paysafecash account in a manner analogous to that of other prepaid services by making in-store cash payments with barcodes that are issued by the service. Because this option does not require a bank account, savings account, credit card, or debit card, it is available to anyone who wants to use it. You can get it at the closest store with cash. Paysafecard is a payment option that is based on vouchers and works in the same manner as a prepaid debit card.

Knect Loyalty Program

You are able to earn points through the loyalty program Knect offered by Skrill for each purchase that you make. There are neither covert nor additional fees of any type attached to this transaction.

You have the potential to earn one thousand (1,000) points for each Qualifying Transaction that you complete (as defined in the Terms and Conditions of the Skrill USA Knect Loyalty Program), and you have the potential to earn a total of five hundred thousand (500,000) points in a single calendar month. If a transaction totals up to $0.99 USD, for example, the total will be dropped to $0.99, and you will not receive any points as a result of this rounding practice.

Similarly, if the transaction totals up to $1.00 USD, the total will be decreased to $1.00. The customer earns one point toward their reward program for every purchase between one dollar and ninety-nine cents. After your transaction has been approved, the settlement process will begin (this normally takes a few hours), and once it has finished, you will be awarded the points that are related to the transaction. It is possible that the points that have been awarded to you will not appear in your account for up to two days after they have been awarded. The reasons for this delay are dependent on the specifics of the situation.

Conclusion

Skrill review: Why you should use it?

When sending money online, the service that you use could have a considerable bearing on both the cost and the amount of time it takes to complete the transaction. Skrill is a reliable platform that can be utilized for online international money transfers as well as receipts.

A money transfer can be carried out swiftly and efficiently in any area, regardless of where the beneficiary is located. Customers have the ability to choose from tried-and-true methods, such as bank transfers and credit cards, as well as cutting-edge methods, such as Paysafecard, thanks to the platform’s support for a variety of deposit options. This is a major strength of the platform.

With the launch of Skrill’s international money transfer service in the United States, the company has expanded its presence around the globe in the United Kingdom (UK), Canada, and France. The number of nations and currencies supported by Skrill for international transactions will grow as the company’s popularity in the United States continues to rise. Skrill has introduced the capability to buy and sell cryptocurrency in an effort to compete with PayPal and promote its own set of standards and values.

FAQ

Frequently Asked Questions

Is Skrill legal?

Skrill is a perfectly legal and safe platform that supports 40 different currencies.

How secure are Skrill deposits from any sort of scam?

Skrill has more stringent laws and restrictions than competing services like PayPal, and Stripe, making deposits there more secure.

Skrill Review – Online Wallet for Money Transfers and Online Payments
Skrill Review – Online Wallet for Money Transfers and Online Payments

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8.4 / 10