Skrill Review -
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Accepted Payment Methods at Skrill

Skrill account users can fund their accounts using numerous , here's a quick run down on the various methods that can be used to deposit or withdraw money from your Skrill wallet :

Deposit Methods

Two widely accepted deposit methods for Skrill accounts include Bank Deposits and Credit or Debit Card deposits. While bank deposits work for every participating country, the Credit and Debit cards supported by Skrill have limited utility and include - VISA, AMEX, Mastercard, Diners, JCB, Maestro, CartaSi, Laser, Carte Bleue, Postepay. The availability for each of these cards depend upon the country that you are a resident of.

Other options via which you can deposit to your account are - Paysafecard, Bitcoin, Boku, Trustly, Rapid Transfer, Neteller, Klarna. The country wise available methods would be displayed on the deposit page of your account. Please note that Skrill does not accept payments through cash, money orders and cheques.

Withdrawal Methods

Skrill provides the following options to its users, namely Bank Transfer, Visa Credit Card, E-wallets and Skrill Prepaid Mastercard (via instant ATM withdrawals). The charges to withdraw money depend on the respective method where, for example, a withdrawal to your bank account comes with a processing charge of 5.50 euros (or currency equivalent). It practically takes 1 – 7 days for the amount to reflect in your bank or the particular withdrawal method.

Buy and Sell Cryptocurrency instantly

Bitcoin, like we all know it today, is one of the most leading digital currencies. Skrill houses a wide range of over 100 payment methods plus 40 currencies that can be converted to buy and sell crypto currency. Currently Skrill users have the following options to trade under Crypto Currency – Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ethereum Classic, ZRX and XRP.

Making things easier for the users, Skrill offers its customers numerous other crypto facilities too. The users can check live crypto prices along with setting alerts and notifications when the currency reaches a predetermined rate. What's more, you can also preset orders according to your budget and price. To know the applicable fee for exchanging your current currency to Crpto currency check the table given below :

How can I buy and Sell Cryptocurrency at Skrill?

• Login to your Skrill Account
• Click on the Crypto section given on the lefthand side of your account
• Fill in the required amounts and Click on next.
• A page displaying the transaction details will appear, check all the fields and confirm the transaction.

Does transferring money from and to Skrill involve a fee?

Yes transferring money to and from a Skrill digital wallet involves incurring a minimum fee which is majorly dependent upon the method of payment you choose to withdraw your funds to. The fees that is charged is divided into the following sub categories :

Uploading Funds Fees

Skrill gives its customers a wide variety of options to deposit funds wherein no fees is charged when you upload funds via a bank transfer or Maestro Cards. However, a small fee is charged while depositing through Visa Cards. Furthermore, different uploading options carry different applicable costs. The available deposit methods and any associated fees charged for uploading funds via them are visible when you choose the particular deposit option.

Withdrawing Funds Fees

Likewise, the fees for the varied withdrawal options also vary in accordance to the method of withdrawal being used. Check out the associated costs for widely used methods below :

• Withdrawal to Bank account can cost you a flat fee of EUR 5.50
• Withdrawal to VISA is charged a 7.5% fee of the withdrawal amount
• 1.45% (min. EUR 0.50) fee is imposed for Withdrawal to mobile wallets
• ATM withdrawal using the Skrill Prepaid Mastercard can levy a 1.75% fee.

Currency Conversion Fees

Skrill charges a fee of 3.99% to their wholesale exchange rates for all transactions that involve any currency conversion. This type of fee is applicable on any deposits, withdrawals, send/receive money transactions, Skrill card products transactions and is usually charged without any prior notice.

Fees charged on Receiving and Sending Money

Receiving money to your Skrill account is absolutely free of any charges. However, if you hold a business account you might incur a small fee depending on the nature of your business and transaction. Whereas, sending money from your Skrill account to another involves a service fee which is differentiated on the basis of the country of residence and the method of payment being used. The minimum fee imposed on such transactions is 1.45%.

Fees charged to inactive accounts

Skrill does not charge a fee to active personal accounts. However, if you don't login or make a transaction for a period not exceeding 12 months, then a monthly service charge of €5 will be levied upon your Skrill account. This fee shall be deducted from the funds in your account.

What is the Skrill Card?

The Skrill Prepaid MasterCard and the Skrill Virtual Prepaid Mastercard are used to refer to an online prepaid card that enables the users to making online transactions. These are prepaid cards which can be reloaded and are directly attached to your Skrill wallet. Both the terms are sometimes used interchangeably with the only difference being that the latter is a virtual card thus can not be used as a plastic card. What's more, you can use the Skrill Prepaid Master card to withdraw funds from approximately 1.9 million ATM machines. However, the skrill card is only available to people residing in European Economic Area (EEA) countries. Users with a positive Skrill account balance are eligible to apply for the card. Follow the steps given below :