Skrill tariffs and commissions: account replenishment, transfers, withdrawal of funds

Skrill is a favorite among gamblers, bettors, traders and businessmen, with up to 36 million accounts from all over the world, all of which confirm the popularity of this payment service.

No matter how convincing its reputation is, it is impossible not to take into account its tariffs and commission fees, which to a certain extent help users decide on the payment system that they will use in the future for their transactions.

Skrill caters to the user's needs, be it gambling or cryptocurrency trading, and offers lucrative bonuses to suit all types of financial needs. For example, if you are an online casino player, you can sign up for a newsletter to receive various special offers in your email every weekend about how much you can win online. Based on your preferences, you can choose free spins, deposit bonuses and other bonus games and start playing immediately by making deposits and withdrawals through Skrill. Regardless of the type of transaction, the process will be quick and convenient, but it is always important to be aware of the fees.

Below are examples of fees that are charged when using Skrill.

Transfers between Skrill accounts

Among players who share similar interests and hobbies, whether they are allies in the game or worthy rivals, common chats are often formed. They can make money transfers between themselves, and Skrill, in turn, guarantees safety and reliability when making transactions. Starting with Silver status, users can make payments among themselves not only instantly, but also completely free of charge. Otherwise, if your status is lower than Silver or you did not top up your account with a bank card or bank transfer, a commission will be charged for transfers.

Skrill competitors

Competitors of the Skrill payment system
In the field of online payments, providers are in a constant struggle for primacy in the market. Below we will look at the main competitors of the popular payment system Skrill.

Neteller

Neteller is a payment system supported by Skrill for topping up your account balance. Both payment systems are very similar in functionality and areas of use - the field of gambling. So, Skrill is more suitable for players who work with small amounts, and for those who work with large amounts, Neteller is best suited.

The owner of both payment systems is PaySafe Group. And although Neteller has been on the market since 1999, the payment service has been under the leadership of a new owner since 2015.

PayPal

PayPal is an e-commerce company focused on making it easier for parties to interact through online payments. PayPal was created in 1998 and is one of the most popular payment systems.

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Commissions on the service are inflated, just like in Skrill, so the platforms are constantly competing with each other for market share.

Unlike Skrill, the account is linked to the user's credit card or bank account. To fully use the service, verification is also required.

TransferWise

Using EPS
TransferWise is an Estonian company established in 2015. The service positions itself as a peer-to-peer fund transfer platform and offers services on all continents. Unlike Skrill, the service uses mid-market rates and does not charge additional fees, which contributes to the transparency of the commission structure. Clients can register as an individual or on behalf of a company.

TransferWise is one of the leaders in international online money transfers. Like Skrill, the company is regulated by the UK Financial Conduct Authority (FCA).

Payoneer

Payoneer is a popular Skrill alternative created in 2005. Unlike its competitor, the main use of the Payoneer system is payment for freelance services. The payment system also supports transfers within the system, both to cards and bank accounts. Like Skrill, the service issues its own prepaid Payoneer Debit Mastercard. The service’s commissions are significantly higher than Skrill’s – up to 2% per transfer.

WebMoney

WebMoney is a Russian payment system created in 1998.

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The service is very popular among users of the CIS countries, but at the moment WebMoney is prohibited in Ukraine, and therefore, users who previously freely interacted with this system have to use a VPN.

The advantage is the ability to purchase shares of public companies through the service and subsequently receive dividends on them.

Like Skrill, in addition to fiat currencies, it supports payments in cryptocurrency.

Withdrawal of funds

After all, what's the point of strategizing and taking risks if you can't withdraw your winnings when you want? Skrill gives you the option to withdraw via bank or Skrill Prepaid Mastercard from any nearby ATM so you can receive your winnings as soon as your poker tournament or slot play is over. However, even after winning such high bets, you will still face a minimum withdrawal fee and sometimes a currency conversion fee if the transaction currencies are different.

Skrill - features and benefits

Moneybookers appeared on the market quite a long time ago (as early as 2002) and its birthplace was London. In this regard, all monetary transactions in this payment system are regulated by the relevant UK laws. In fact, its users' money is deposited in the bank accounts of this company.

But these are details, and the main thing is that the Skrill system is now used by more than 10,000,000 people around the world and the main feature that attracts such a huge number of people is its fairly high reliability and very low (not at all extortionate) input fee, withdrawal and transfer of money within the system.

True, you most likely will not be able to exchange this electronic currency for any other (Yandex Money, WebMoney, Belarusian rubles in EasyPay, Wallet One and even Payeer). And if it works out, then Moneybookers may then ask you to take your money and leave the bosom of this cozy and convenient money transfer system. Another disadvantage for some may be that there is no such thing as confidentiality.

It is thanks to this that the system provides a very high degree of money protection from fraudulent activities (they recently added the ability to enable two-step authentication, which significantly increases the security of working with the account). Before you can make any transactions with your Skrill funds, you will need to verify your personal details . All transfers within the system are also carried out with your name indicated, but all other personal data is provided only to the relevant authorities upon official request.

If exposing your incognito on the Internet is not a stumbling block for you, then Skrill (Moneybookers) will pleasantly please you with a modest commission :

1. Registration and receiving funds into your account are absolutely free (in PayPal, if you remember, the percentage, and not a small one, was paid by the recipient of the funds). This is why many residents of the post-Soviet space use Skrill to withdraw money earned abroad (for example, photo sellers in the largest photo banks in the world).
2. You can top up your Skrill account absolutely free (no commission) from your bank account, or you can still pay 1.9% if for some reason you want to top it up from a payment card (visa, master card, American Express). True, money may take several days to arrive from a bank account, but from a card it will be transferred instantly.
3. It will be possible to transfer money just by specifying your email addressee. In Moneybookers, as well as in PayPal, the E-mail address you specified during registration will also be your login in the system. Moreover, what is noteworthy is that the person to whom you are sending money may not be registered in Skrill at all.

   In any case, he will receive a letter (to the postal address you specified when transferring money), where a link will be posted. By clicking on it, this person will be able to quickly register with Skrill and the amount you transferred will immediately drop into his account.

   Well, if the person to whom you are transferring money already has the honor of being registered in this payment system, then, by clicking on the link, he will find your transferred amount in his account. If the recipient is registered in the system as a business user, then payments will be made automatically without clicking on the link from the letter.

4. Yes, and here you need to pay attention that for transferring money within the system you will be charged one percent of the amount. In general, it’s a small thing, but there is one more nuance (quite pleasant). The amount withheld from you for transfers within Skrill cannot exceed 10 euros. This means that even if you sent a large amount, the commission for your transfer will be a maximum of 10 euros.
5. You can also issue an invoice to someone for free, but for withdrawing money they will charge you a larger amount, although, again, not that much. The commission for withdrawing to a Skrill card (like many payment systems, this one also bothered to issue its own card) is only 1.8 euros. To receive money into a bank account you will need to pay a little less than four euros.

There is no such thing as protection of a transfer by protection (as this could be done, for example, in WebMoney wallets), in Moneybookers - if the money is sent, then it will not come back (the same thing, by the way, is also true for the most popular payment card in Russia - Kiwi). By the way, in this regard, Skrill is convenient for online stores, because the buyer in this system does not have the opportunity to withdraw a payment , as he could do when paying by card.

Well, for the buyer, using Skrill is beneficial from the point of view that he does not expose his credit card information in some little-known and incomprehensible online stores. By the way, the system allows you to use your account for betting in various online gambling games, but this will need to be discussed in advance in the system settings.

Another nuance of use is that there are restrictions on the payment amount . Typically, the initial limit is 1000 units in the currency you have chosen as your main one for working with Moneybookers. Well, you will receive the maximum limit after confirming everything and everything, and it will be about several tens of thousands of euros.

By the way, you can choose the main and only currency for mutual settlements in this system only during registration, and then you will not be able to change it. They don’t offer us rubles, so it’s probably more advisable to open an account in dollars or euros at your bank, and choose them as the settlement currency for Skrill. In this case, you will not lose interest when depositing funds for their conversion at your bank.

There is one more nuance that you can pay attention to when working with this system. Deposits and withdrawals from Skrill can only be made at banks that are members of the Worldwide Interbank Financial Telecommunications community (abbreviated SWIFT ). Each bank is assigned its own BIC code. Therefore, the key to successful work in Skril is that your bank is a user of this very SWIFT. You can check this here or by calling your bank directly.

Investing in cryptocurrency

If you just won at poker, why not take another chance and invest some of your money in cryptocurrency?
Even without leaving the site, you can access trading of various cryptocurrencies, but you will still not be able to avoid commissions when trading cryptocurrency itself. However, there is a way to cut your costs by up to three times, increase your maximum and minimum withdrawal amounts, and even earn bonus points for a chance to win extra money or prizes.

Withdrawal to MasterCard

The system allows you to make a transfer to MasterCard. To do this, you need to add and confirm it:

1. Go to the "Replenishment" .
2. Press "Debit and credit card".

3. Enter your account number and expiration date.
4. Add MasterCard.

Important! 2 EUR will be debited from the bank account.

After adding a card:

1. Go to the "Output" .
2. Select the previously added credit card.
3. Enter the amount.
4. Confirm the action.

For transferring funds to MasterCard, 4.99% is charged. Transaction time – 3 days.

Top up your Skrill account

To start using your Skrill account, you need to fund it. The top-up fee will always depend on the payment method you use. Payment methods vary depending on the country in which you are resident. The table below provides examples for some countries.

* from September 15, 2020, the ability to top up your account with cryptocurrency has been canceled for all countries except EEA countries

For more information about deposit methods and associated fees for your country, please follow the appropriate link.

Improving the security of using Skrill

To improve security, the FAQ recommends:

• set a PIN code, you will have to enter it every time you replenish your account or withdraw funds;
• enable 2-factor authentication via Google Authenticator. Scan the QR code to add Skrill to the application. Subsequently, when you launch the Google application, a code with a limited validity period is generated, and it is used for authorization on the payment system website;

• connect up to 5 trusted devices. If 2-factor authentication is active, then when you connect a new device, a window will appear in which you can mark the device as trusted.

Otherwise, the recommendations are standard - do not click on suspicious links, do not leave personal information on unverified sites, and come up with a more complex password.

Withdrawing funds from your Skrill account

The withdrawal methods available on the Skrill platform, as well as any deposit options offered, depend on your country and account currency. In some countries, the list of currencies available for withdrawals is very limited, so in such cases, a currency conversion fee may apply if the transaction currencies do not match. Apart from this, you should also consider the fees that are charged when withdrawing funds from your Skrill card. Below are the most common withdrawal fees depending on the country selected.

Verification in Skrill

your Skrill account verified as soon as possible Without it, you will not be able to use your wallet fully: you will have scanty limits on payments, and there will also be a lot of restrictions on transactions.

Verification in the Skrill system consists of several mandatory steps. The first is replenishing your Skrill wallet with funds for a symbolic amount. You can use any of the methods available in your Skrill account in the Deposit . For example, this can be done from any of your cards, by transfer from a bank account or from a crypto wallet, as well as by transfer from a mobile number.

You can also try to find an exchanger with a favorable exchange rate. The easiest way to search is on the special aggregator BestChange: everything is extremely simple there. We choose what we want to exchange for Skrill and look at the list of exchangers that can offer it to us. Along the way, we get acquainted with their reviews and ratings so as not to make a mistake.

The Skrill replenishment amount for verification is symbolic: something around $10 in the equivalent of any currency. As soon as you deposit money into your Skrill account, you can proceed to the next step. This deposited amount remains with you and can be spent, for example, on ordering a plastic prepaid Skrill card.

The second stage is confirming your identity . To do this, prepare documents confirming your identity. This could be a driver’s license, a passport of a citizen of the Russian Federation (perhaps an international passport will do), you don’t need to go through a Facebook check (and in general it’s useless, nothing worked out for us).

You will also need to confirm your residential address .

The Skrill application is very functional : here (in addition to verification) you can view card limits, transactions, deposit, send and withdraw money.
And at this stage the Skrill mobile application . Because if you have experience registering in similar systems (for example, AdvCash, Payoneer and the like), then you know how hemorrhoidal this process is. If there are still no problems loading passport pages, then problems begin with confirming your location.

The fact is that they require a certificate of payment for utilities (and many live in rented apartments), bank statements with your residential address (again, not an option for those who do not live with a registration). And you still need to dig up such certificates, because it may not be available from the bank’s personal account. reject them . You have to tinker with verification for a month or longer. And money is time.

The creators of the Skrill wallet met us halfway and simplified the verification process through their application. And completely. There you can scan your documents, take a “selfie” of your face there (everything is uploaded via secure data channels), and the coolest thing is that you can quickly confirm your location there. Just allow the application to access GPS and voila - you're done. Our coordinates are instantly transferred to their database, and your location is confirmed ! No certificates from the housing office, banks or other nonsense. Anyone who has gone through this hell before will appreciate it!