Skrill VIP Status, Requirements, Levels & Skrill Knect™

Recently, Skrill made a number of updates to their VIP program with some exciting new developments.

We are pleased to bring you the latest information on the Skrill VIP program and to advise you how to make the most of your Skrill account in 2021.

What has changed on the Skrill VIP program?

Removal of Bronze VIP Level

Previously there was 4 VIP levels on the Skrill VIP program – Bronze, Silver, Gold and Diamond, all with different requirements and benefits.

Skrill have now simplified the VIP Levels to 3 levels – Silver, Gold & Diamond VIP.

Introduction of Skrill Knect™

In contrast to Neteller who removed their dedicated anniversary reward points program, Skrill have introduced a new points-based VIP program (which works alongside the regular VIP levels) called Skrill Knect.

We’ll discuss Skrill Knect in detail further down in this article.

One additional point to note is that the Skrill VIP program is calculated in EUR. Therefore, if your account is in a different currency to EUR, your VIP volume, levels and rewards will be based on the currency equivalent. This is in contrast to Neteller which is calculated in USD.

How to become Skrill VIP?

Achieving VIP status is simple and automatic

Each Skrill VIP level has a different transfer volume requirement per quarter. For example, to achieve Gold VIP you need to transfer €45,000 per quarter.

As soon as you pass a new VIP threshold during a particular quarter, your Skrill account will automatically be upgraded to the respective VIP status and you will receive email notification of your new VIP Level.

If you reach Gold or Diamond VIP, you will be assigned a dedicated account manager who will contact you to discuss any requirements or issues that you may have.

Skrill VIP status

You can check your Skrill VIP status by logging in and scrolling to the bottom of the main dashboard page.

Here you will find your current VIP status which will include the transfer requirement to maintain your current status for the next quarter and/or the transfer requirement to reach the next level of VIP status.

Your Skrill VIP status is assessed on a quarterly basis.

The Skrill VIP quarters are:

Quarter 1January to March
Quarter 2April to June
Quarter 3July to September
Quarter 4October – December

Once you have met the requirement for any VIP status, you have secured this for the current quarter and for the subsequent quarter.

For example, let’s take the following example:

  • You transfer €15,000+ in January 2021 and your VIP status is upgraded to Silver automatically (Skrill Silver VIP is €15,000 requirement)
  • You have at this point secured Silver VIP for Quarter 1 and Quarter 2
  • Between 4th February 2021 and 11th February 2021, you transfer €30,000
  • Since we are still in Quarter 1 (January-March), your total transfer volume is now €45,000 which triggers Gold VIP
  • You have now secured Gold VIP for the current quarter (Quarter 1 – January to March) and for the subsequent quarter (Quarter 2 – April to June), which means you will maintain Gold VIP status all the way up to the end of June 2021.
  • To keep Gold VIP for Quarter 3 (July to September), you would need to transfer a minimum of €45,000 in Quarter 2

Skrill VIP Requirements and Levels

As noted above, the Skrill VIP program works on a quarterly assessment period

Quarter 1January to March
Quarter 2April to June
Quarter 3July to September
Quarter 4October – December

Your VIP level is assessed according to your transfer to merchant volume and crypto purchase or trade volume.

Once you reach a certain VIP level you have secured it for the current and subsequent quarter.

Each VIP level has different requirements and benefits.

Please refer to the Skrill VIP comparison table below.

Silver VIP

Transfer to merchant

€15,000 EUR

per quarter

Dedicated 24/7 VIP care

2.89% FX Fees

Free money transfers *

Priority bank uploads

1.50% crypto buy/sell transactions for accounts in USD and EUR

3.00% crypto buy/sell transactions for accounts in other currencies

Free Skrill Prepaid Mastercard

+1 Multi-currency account

Free bank withdrawal fees

€1,500 Daily ATM withdrawal limits

Free ATM withdrawals

€3,000 Daily POS limits

Free card replacement fee

No annual card fees

Gold VIP

Transfer to merchant

€45,000 EUR

per quarter

Dedicated 24/7 VIP care

2.59% FX Fees

Free money transfers *

Priority bank uploads

1.50% crypto buy/sell transactions for accounts in USD and EUR

3.00% crypto buy/sell transactions for accounts in other currencies

Free Skrill Prepaid Mastercard

+2 Multi-currency account

Free bank withdrawal fees

€3,000 Daily ATM withdrawal limits

Free ATM withdrawals

€5,000 Daily POS limits

Free card replacement fee

No annual card fees

Dedicated account manager

Diamond VIP

Transfer to merchant

€90,000 EUR

per quarter

Dedicated 24/7 VIP care

1.99% FX Fees

Free money transfers *

Priority bank uploads

1.50% crypto buy/sell transactions for accounts in USD and EUR

3.00% crypto buy/sell transactions for accounts in other currencies

Free Skrill Prepaid Mastercard

+3 Multi-currency account

Free bank withdrawal fees

€5,000 Daily ATM withdrawal limits

Free ATM withdrawals

€10,000 Daily POS limits

Free card replacement fee

No annual card fees

Dedicated account manager

* Money Transfer fee of 1.45% is applied to members of certain countries and VIP levels.

No Upload Fee will be charged for single Upload Transactions of EUR 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%.

Skrill VIP Benefits

All Skrill VIP enjoy benefits such as:

  • Reduced FX fees
  • Guaranteed limit increase
  • Free Skrill Prepaid Mastercard
  • Free card replacement fees
  • Free ATM withdrawal fees
  • Increased transfer limits
  • Dedicated 24/7 VIP care
  • Free P2P send money transfers

As you progress through the higher VIP levels, the benefits increase incrementally such as your FX fees gradually reducing from 3.99% to 1.99%, your ATM withdrawal limit increasing from €900 (or equivalent) to €5000 and additional multi-currency accounts.

You will also get additional benefits from Gold VIP upwards such as a personal account manager and exclusive invites to VIP experiences such as tournaments, trips, exclusive networking opportunities and access to some of the most sought-after experiences you can think of.

Previous experiences for top-level VIP’s have been invites to events such as the Champions League Final, Centre Court at Wimbledon and Supercar driving experiences.

Other VIP’s have also been known to receive gifts such as Tiffany’s jewellery and all expenses paid trips to destinations as varied as New York and The Maldives.

Skrill VIP support

For Gold VIP and higher levels, you will be assigned a dedicated personal account manager.

As soon as you trigger Gold or higher VIP, a personal manager from Skrill will get in contact with you.

Any issues that you have can quickly be resolved by reaching out to your manager.

They will speak your language and will be better qualified to understand your specific requirements.

Skrill Knect™ Review

Skrill Knect is the relatively new addition to the Skrill VIP program.

Read on to find out more about loyalty points, wallet credit and the benefits of Skrill Knect.

We will explain everything there is to know about Knect: How it works, who is eligible, what benefits are on offer and how to get started.

How to join Skrill Knect?

Please note that in order to join Knect you must be a current Skrill account holder of an active and fully verified Skrill Account.

If your Skrill account is not verified, you will see a message advising you that you will not be able to join the Knect program. If you still need to verify your Skrill account please refer to how to verify your Skrill account?

Assuming your account is verified, joining the Skrill Knect program could not be easier. Follow the steps outlined below to get started.

  1. Login to your Skrill account and click on the KNECT tab on the left-hand side menu.
  2. Review and agree to the T&C’s and click JOIN NOW.
  3. Next, you will see a pop-up box recommending you review your marketing settings and preferences. It is advisable to click through to your review settings to make sure that all marketing preferences are selected. This is because, although all Knect offers will always be accessible within the loyalty section of your account, you may miss certain offers if you do not login regularly.
  4. Finally, you will be directed to the Knect dashboard where you can check your current points and points history and learn how to earn and spend points.

How to earn Knect points?

There are 6 methods for earning points and each activity generates a different number of points.

Below you find a comparison table of what points every action contributes towards your total Knect points.

Transfer TypePointsInfo
Withdraw Money1.00Earn 1 point for every €1* you withdraw from Skrill
Deposit Money1.00Earn 1 point for every €1* you deposit into Skrill
Skrill Prepaid Mastercard1.00Earn 1 point for every €1* you spend/withdraw using your card offline & online
Send Crypto0.50Earn 0.5 points for every €1* of crypto you send to another Skrill user
Trade Crypto1.00Earn 1 point for every €1 of crypto you buy/sell
Merchant Transfers0.25Earn 0.25 points for every €1* you transfer to merchants

* or currency equivalent

When you click through to the Spend Points tab, you will see your available personalised gifts. Initially it is likely you will just see the Wallet Credit option.

What is Wallet Credit?

Wallet Credit is a cash voucher that will be credited to your Skrill account when you exchange your points. There are five different tiers for you to exchange your points for Wallet Credit which will be listed in two currencies: Euro’s and the currency of your Skrill account.

You will also see the current Skrill exchange rate applied so that you can see exactly how much Wallet Credit you will receive in your chosen currency.

If your account is in Euros, you will not see any currency conversion.

Wallet Credit Conversion

The table below shows the tiers available for you to exchange your points for cash.

Points RequiredWallet Credit
10,000€10
30,000€30
50,000€50
75,000€75
175,000€175

Please note that new rewards and offers will continually appear in the spend points section of your Knect dashboard so we advise you to keep checking your account and your chosen marketing channels to stay up-to-date with what rewards are currently available. Offers may include but are not limited to gifts such as vouchers, discounts, freebets and bonuses.

Additionally, Skrill have made clear that they will run special promotions to groups of users from time to time. If you’re selected, you will be contacted by the Skrill Knect team.

Special promotions may allow you to boost your points by participating.

Skrill Knect Important Information

We have summarised important information below regarding the Knect program which may be helpful for you to know.

Loyalty points limits

There are limits applied to the number of points you can earn per transaction and per calendar month.

Transaction limit – you can earn a maximum of 1000 loyalty points per transaction.

Example
  1. You earn 1 loyalty point for every €1 you deposit into Skrill. Therefore, if you deposit €1000 into your Skrill account, you will receive 1000 loyalty points.
  2. However, if you made a deposit of €1500, you would still only receive 1000 loyalty points.

Monthly limit – you can earn a maximum of 500,000 loyalty points per calendar month.

Example
  1. You earn 0.25 loyalty points for every €1 you transfer to merchants.
  2. Since the maximum number of points that can be earned in a month is 500,000, if you transfer €2m in a month you will receive (€2m x 0.25 = 500,000)
  3. However, any transfers to merchants over €2m or any other qualifying transaction (Deposit, Withdrawal, Skrill-to-Skrill transfer, Skrill Mastercard transaction, Buy/Sell Crypto) will not generate any further loyalty points in the same month
Points expiration

Your loyalty points will expire on the 1st January of the year following the year when your points were earned.

Essentially when you earn loyalty points, they will be valid for the current year and the full succeeding year.

Example 1
  1. You earn 1000 loyalty points on 21st March 2020.
  2. Your points will be valid until 1st January 2022.
Example 2
  1. You earn 250,000 loyalty points in December 2021
  2. Your points will be valid until 1st January 2023

Important Skrill Knect Terms & Conditions

When you sign up to the Knect loyalty program you should take note of the following terms so that you do not get removed from the program.

  • Purposely entering false information during the sign-up process may lead to your membership of Knect being cancelled and your points forfeited
  • If you do not make a qualifying transaction within a 12-month period, your Knect membership will be deactivated and all your points will be forfeited. You can reapply to join Knect after you have been deactivated but all points accrued before deactivation will be permanently lost.
  • All points earned in a calendar year must be redeemed in full by the end of the following year

Join our Skrill Program

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.