What is Skrill?
Skrill is an online ewallet and money transfer service, providing a fast, efficient and secure method of transferring funds. Skrill was founded in 2001 as Moneybookers and later rebranded to Skrill in 2013.
Skrill is a world-leader in payment solutions, whether you are depositing at online gambling, trading or forex sites, using the ewallet service or you are sending money to friends and family around the world, Skrill can cater to your needs.
Whilst the ewallet offered by Skrill is still their primary product, the money transfer service they offer is highly competitive and easily on-a-par with the likes of TransferWise in terms of fees and functionality with zero fees on transfers to bank accounts.
Skrill accounts can be held in any of the major currencies but once the first transaction is made it is not possible to change the account's currency. Customers can purchase a Skrill-branded prepaid card, linked to your Skrill account, in one of four currencies: USD, EUR, PLN, and GBP.
Skill have also recently introduced a new service allowing you to buy and sell to cryptocurrencies. You can buy any of the following cryptocurrencies from your Skrill account: Bitcoin, Bitcoin Cash, Ether, Ethereum Class, Litecoin, XRP and 0x.
Skrill also meet the needs of businesses worldwide, helping them build a global customer base and drive growth. Skrill is a truly global company. Based at their London headquarters and offices throughout Europe and the US, their staff of over 500 represents more than 30 nationalities.
Is Skrill Safe?
There is no need to worry about the security of your funds held in your Skrill account. Along with leading risk and anti-fraud technology that they employ, Skrill also offers additional security protocols such as two-step-authentication and highly sophisticated SSL encryption.
With the most recent accounts submitted to companies house in the UK showing a net worth of £270m+ and their parent company Paysafe Group, listed on the FTSE 250 Index, plus the fact that Skrill are a FCA compliant company, you can be absolutely sure that there is no risk to your funds.
Paysafe Group Limited is a multinational online payments company. The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group through several mergers and acquisitions, most notably Skrill, Neteller and Paysafecard.
How does Skrill work?
In order to use Skrill for either their ewallet or money transfer you firstly need to create a Skrill account. This is a very simple process and it only takes a couple of minutes to open a Skrill account.
To get started, you only need to supply the following details: email, name, address and selected currency.
Once you have successfully registered your account you will be immediately able to make money transfers with no additional security or verification required and use the Skrill ewallet to transfer funds to your favourite gambling, forex, trading sites etc.
In order to increase your ewallet transaction limits and order a Prepaid Mastercard or Virtual Mastercard you will need to verify your Skrill account
Skrill offer two different prepaid Mastercard’s: Skrill Prepaid Mastercard & Skrill Virtual Card. If you join Skrill via eWalletBooter and qualify for a free VIP upgrade, you will also be entitled to a free prepaid Skrill Mastercard - saving you €10.
Below we set out the details and advantages of each prepaid card.
Skrill Prepaid Mastercard
Owning a Skrill Prepaid Mastercard allows you to enjoy instant access to your Skrill account balance anywhere in the world where Mastercard is accepted. You can spend your account balance online or in regular high-street shops
Skrill prepaid cards are available in four currencies: EUR, GBP, USD and PLN.
The Skrill Prepaid Mastercard is only available to residents of authorised European Economic Area (EEA) countries.
There are no credit checks when ordering your card. However, you will need a verified Skrill account and a minimum balance of €10 to request your card for delivery.
Skrill Prepaid Mastercard Fees
The below fees and limits are for regular accounts and also dependant on whether you are a VIP.
Learn how to get an instant Skrill VIP Upgrade
- FREE to pay for goods in shops, restaurants and online
- FREE to receiving cash
- FREE balance enquiries
- FREE online statements
- FREE PIN reissue
- €10 annual fee
- €10 for lost or stolen card replacement
- 1.75% ATM cash withdrawal fee
- 3.99% foreign exchange fee
|Prepaid Mastercard application fee||€10||FREE||FREE||FREE||FREE|
|Daily ATM withdrawal limits||€900||€1,200||€1,500||€3,000||€5,000|
|ATM withdrawal fees||1.75%||€1.80||FREE||FREE||FREE|
|Daily POS limits||€2,700||€3,000||€3,000||€5,000||€10,000|
Can I use my Skrill Prepaid Mastercard for online gambling?
Unfortunately, you cannot use the Skrill prepaid Mastercard for online gambling activities. However, you can use it for offline gambling such as casinos and betting shops where Mastercard is accepted.
Skrill Virtual Card
You can add a virtual card to your wallet instantly to make payments online wherever Mastercard is accepted. Your virtual card is activated immediately so, if you have funds in your Skrill wallet, you can spend them straight-away.
Your first card is free to order and has an annual fee of €10 or currency equivalent.
Skrill virtual cards are available in four currencies: EUR, GBP, USD and PLN.
Skrill Virtual Mastercard Fees & Limits
The limits applied to your prepaid virtual card are based on a 24-hour rolling period and are as follows:
- EUR: 6,300
- USD: 7,000
- GBP: 4,550
- PLN: 23,000
- FREE to pay for goods and services online
- FREE balance enquiries
- FREE online statements
- FREE first virtual card
- €2.50 fee for subsequent cards
- 3.99% foreign exchange fee
Below is a summary of the different fees that Skrill charge for their services.
How to send money to Skrill?
To fund your Skrill account there are a large range of options available.
No Upload Fee will be charged for single Upload Transactions of €20,000 (or equivalent) or higher, after deduction of any applicable bank or currency conversion fees. All other Upload Transactions will be charged at 1.00%.
Below we have set out the most popular methods to send money to Skrill and the respective fees that are charged.
|Manual bank transfer||1%||Up to 5 days|
|Bitcoin & Bitcoin Cash||1%||Instant|
|Fast Bank Transfer||1%||Instant|
Skrill withdrawal fees
You can withdraw your funds from Skrill via bank transfer, debit/credit card or Swift. Below we show the respective charges that will apply to each method. Please remember that if you become a Skrill VIP that these charges will either reduce or be removed completely. Hence why it is important to become a Skrill VIP with eWalletBooster.
Bank transfer withdrawal time is fast and are usually processed within 3-5 working days.
Skrill to Skrill Fees
For Skrill VIP’s there is no charge applied to P2P (peer-to-peer) transfers so you can send money to other Skrill accounts for free. However, for non-VIP’s there is a 1.45%. Please remember that if you receive funds into your Skrill account from another Skrill member then there is no charge. You only pay if you are sending money (if you are not VIP)
Skrill to Neteller Fees
There is a 1% charge for sending money from Skrill to Neteller and vice-versa.
Skrill to bank account
There is no fee applied when you use the Skrill money transfer service to transfer directly to a bank account anywhere around the world. Please note the money transfer service is different from withdrawing money from your Skrill ewallet account to your bank account.
Send money from PayPal to Skrill
One of the most common questions we are asked is whether it is possible to send money from PayPal to Skrill and vice-versa.
Unfortunately, there is no current direct way to transfer funds from Paypal to Skrill. There are various other methods can be used such as using an online currency exchange or a manual exchange service where you can effectively send money from your Skrill account to their Skrill account and they will then make a transfer for the amount same amount from their PayPal account to your Paypal account (minus fees)
However, there doesn’t appear to be any really regulated or established companies offering this service so we wouldn’t personally advocate using their services.
It is best to ensure that you have a legitimate bank account registered to your Paypal and Skrill accounts so you can withdraw from one and then deposit into the other.
Skrill have an in-depth support section where you can usually resolve your issue by browsing the topics.
If you cannot find the answer you are looking for in their support articles you can email them by creating a case within your Skrill account or alternatively email them at firstname.lastname@example.org or if you are a VIP you can email them at email@example.com where the response time is usually much faster.
However, for more urgent queries and/or account support the best way is to call Skrill customer service via their support numbers. Refer to the table below to find the most suitable number to call.
|International*||+44 203 308 2520||Mon-Sun 8am - 5pm GMT|
|Russia||+7 495 249 5439||11am - 8pm Moscow time|
|Spain||+34 935 452 390||Mon-Sun 9am - 6pm local time|
|United Kingdom||+44 203 308 2519||Mon-Sun 8am-5pm local time|
|France||+33 173 443 315||Mon-Sun 9am - 6pm local time|
|Germany||+49 302 2403 0293||Mon-Sun 9am - 6pm local time|
|Italy||+39 064 5236612||Mon-Sun 9am - 6pm local time|
|Poland||+48 221 288 257||Mon-Sun 9am - 6pm local time|
Skrill Review Conclusion
- Fast and secure ewallet provider allowing to more efficiently manage your funds when using Skrill for gambling and trading
- Strongly established and regulated company for your peace-of-mind that your funds are safe and secure
- International money transfer service with no fee’s payable when sending to a bank account
- Send money to other Skrill account holders cheaply and for free if you become a VIP
- Physical and virtual prepaid Mastercard’s allowing you instant access to your funds for online and offline spending
- Generous VIP program with vastly reduced fees
Overall, we believe Skrill offer a fantastic service. If you wish to take advantage of the money transfer service, low fee’s and an ewallet that is accepted at thousands of sites then Skrill is the perfect payment option for you. In comparison to Neteller, the only downside is that their in-house VIP program is not as generous as Neteller in terms of the reward points which can be converted to cash, so if you are a high-volume trader/gambler then it may be more rewarding for you to use Neteller instead.
Skrill VIP Upgrade Form
Join Skrill using the application form below or submit your existing Skrill details to link your Skrill account to eWalletBooster.com and take advantage of lower fees, increased limits and much more. New & Existing Skrill customers welcome.