Skrill launched in 2001 as Moneybookers. The digital wallet was created to ease the struggle of online payments. The digital wallet was created to ease the struggle of online payments. It underwent a rebranding in 2001 when Paysafe Group acquired the service. Refer a friend and for a whole year we’ll put 10% of the fees they generate from paying or sending money into your Skrill account. 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. Skrill's review. Skrill is a Great money transfer service (8.3/10) recommended by Monito. Skrill is very often the cheapest option and provides very competitive fees and rates (10/10), is easy to use (8.5/10), is speedy (10/10), and is a long-established company, trusted by a large number of customers who give it a very high number of positive reviews on TrustPilot (9.5/10).
In this blog, we are going to learn how to send money through Skrill, the Skrill Money Transfer fees and exchange rates, and if they are reliable.
Skrill was first launched in 2001 as an e-commerce payment gateway for gambling and forex brokers under the brand name Moneybookers. The company was rebranded to Skrill in 2011 and has further expanded its online service that allows users to send money around the world through Skrill Money Transfer.
Skrill was bought by the Paysafe Group in 2015, a multinational company that provides online payment services. The group is also a parent company of Skrill wallet rival, Neteller (digital wallet). Paysafe Group offers services under the brand name Paysafe and its subsidiary brands.
Skrill Money Transfer
Skrill Money Transfer is easy to use and also quick and secure in sending money abroad. The service is for free when it is sent to a third-party mobile wallet or bank account in different multiple currencies.
Skrill money transfer provides users to fund the payment through various mediums of exchange such as credit card, debit card, SOFORT, and bank transfer. It supports multiple deposit methods such as:
- Local payment methods include Bank transfer, Fast Bank Transfer, Paysafecash, Rapid Transfer, and Trustly
- Global payment methods include credit card payments of AMEX, Diners, JCB, MasterCard, and Visa
The service is available for both existing 40 million users and non-existing customers all around the world. Needless to say that the availability of the different modes of payment depends on the location and the currency that is being used.
Your recipient can receive the money in multiple ways. Although Skrill is an online focus money transfer service provider, they have partnered with leading mobile money wallet providers so recipients can get money in local currency and withdraw money at nearby money agents.
How to send money using Skrill Money Transfer?
- Log in and select ‘Send Money'
- Select the country and currency
- Enter the amount
- Select a payment method
- Enter your personal and the recipient’s details
- Pay for your transfer
- Confirm and send
Payment information includes email address, password, and personal information (first and last name, date of birth, and contact details)
Free online slot machines australia online. Details of the recipient include the recipient's full name, address, bank code or BIC (Business Identifier Code), IBAN (International Bank Account Number), and bank account number and country. If your recipient does not have a bank account, you can send money to their email address.
Related Article: Moving To India? Besides moving your money, here's what else you need to do.
To send money to an email address, bank account, or Mobile, select your preferred money transfer option after logging in.
Skrill Exchange Rates
Skrill offers interbank exchange rates, which is the rate you see on Google or XE.com with no hidden markup. Skrill often offers the best exchange rate compared to its competitors.
Although the difference may not seem much, it is important to remember that most money transfer service providers charge a transfer fee to make up for the loss on the exchange rate margin, unlike Skrill.
Skrill Transfer Fees
International Transfer: Zero fees when you use Skrill Money Transfer to send money to an international bank account
Domestic Transfer: Up to 2% Domestic fee per transaction when you transfer money domestically. Best real money apps. This fee will be charged when the transfer begins and ends in the same country.
Fees to receive money via Skrill
FREE! Skrill Money Transfer does not charge recipients any fee to receive. There is an exception for a foreign transaction fee by the card issuer.
The zero fees are also applicable to all transfers even when you pay using a debit card or credit card instead of from your bank account. However, your payment method may impact the speed of delivery and can take up to 3-5 business days. Usually, the speed of delivery is quick, and your recipient gets the money on the same business day.
In the case of Skrill crypto service, if your Skrill Account is denominated in a currency other than Euro, there will be a foreign exchange currency conversion fee of 1.5% to convert your currency for your Cryptocurrency Transactions.
Fees for Domestic Transfer
In the case of Skrill crypto service, if your Skrill Account is denominated in a currency other than Euro, there will be a foreign exchange currency conversion fee of 1.5% to convert your currency for your Cryptocurrency Transactions.
Fees for Domestic Transfer
There will be a fee per transaction which is up to 2%. This fee will be charged when the transfer is within the same country.
Skrill Money App
Skrill app allows you to access all of the same account functions as you will find on their main Skrill website. Their Mobile app has garnered positive reviews rated 4+ on both iOS and Android.
You get speed, convenience, and simplicity. Choose a recipient, tap, and send in a few seconds. The app makes it easy for you to send money, withdraw money, check your Skrill Account balance, and view the list of your recent transactions anywhere at any time.
Customer Support
Skrill’s Customer service and customer experience are highly rated. It enjoys a score of 4.5 out of 5 on Trustpilot. Verified users have rated it excellent for its exchange rates and fees.
You can contact Skrill customer support by telephone at +1 855 719 2087 or by their email address help@skrill.com. For a straightforward query, you can refer to their FAQ section.
Skrill Cryptocurrency Trading
Skrill is popular among the crypto enthusiasts. Opening an account in Skrill also gives the opportunity of buying and selling cryptocurrencies. Digital currencies such as Bitcoin, Bitcoin Cash, EOS, Ether, Ethereum Classic, Litecoin, XLM, XRP, and 0x can be converted instantly from 40 fiat currencies. Registered users can build and grow their portfolio through scheduled cryptocurrency purchases.
Skrill’s cryptocurrency trading is a great way to discover investments. The most convenient part of this service is its auto trading function. This function allows the user to specify the price of the cryptocurrency they want to buy. When the price of the selected cryptocurrency reaches the value they set, Skrill will automatically buy or sell it for them.
Is Skrill safe?
Skrill is FCA authorized and regulated so there is doubt on its reliability and security. 12bet casino. You can tell which money companies are safe to use if they are authorized and regulated by the FCA (Financial Conduct Authority).
In conclusion, Skrill is an easy, reliable, and secure service for sending and receiving money online. Their service has wide coverage in different locations that make it convenient for its users to send a money transfer from any location. The most attractive offering of Skrill is the high exchange rate and zero fees. For more on the terms and conditions and coupons check out what is on offer today on CompareRemit.
Skrill Review
| Name: | Skrill (Moneybookers) |
| Skrill Address: | Moneybookers Ltd Welken House10-11 Charterhouse SquareLondon EC1M 6EHEngland |
| Skrill Location: | United Kindom |
| Skrill Service Hotlines: | 9:00am – 6:00pm |
| Skrill Customer Service tel: | +44 870 383 0232 |
| Skrill UK Phone | 0905 848 0011 |
| Skrill Live Chat: | Yes |
Skrill Moneybookers Fees Login
General Information
Skrill is an e-commerce company that facilitates money transfers and payments to be made using the Internet to and from 200 countries and territories. It was established on June 17, 2001 and incorporated in the UK as Moneybookers Limited on July 27, 2001; subsequently, it became the first e-money issuer to obtain an electronic money license from the Financial Services Authority (FSA).
At the moment it deals with 135,000 merchants and boasts a collection of plaudits and awards from 14 different major events. Remarkably, Skrill was acknowledged as the organization with the highest growth potential among European Internet companies, after earning the “Best Global Potential Award 2011″ and the “Unique Leadership Award 2011″, accomplishing the unique feat of being the first ever establishment to win two awards during the same year.
Its reliability and usefulness for betting or gambling operations are further stressed by the fact that many casinos or betting agencies are located in countries such as Malta or Antigua due to favourable legal and financial conditions. Players no longer have to undergo difficult processes in order to secure a transfer.
Major services
- Digital wallet
- Direct payment processing
- Moneybookers MasterCard
- Currency services (in over 40 denominations)
- Money transfer
- Risk and fraud management
Deposit/Withdrawal options
The uploading of funds can be achieved in many different ways, but 6 methods work for all countries: international bank transfer (free of charge), American Express, Visa, MasterCard, JCB and Diners Club (all with a 1.90% fee). Local methods of payment accessible in over 30 countries are also available, many of them are subject to no fees; a customer should look into them in order to find a better alternative to the international ones.
Withdrawal is possible in all countries either by international bank transfer with the split option for a fee of 1.80 Euros or cheque (USD, EUR, or GBP) with a 3.50 EUR fee. Visa is supported as a local method of payment in almost 30 countries and the charged fee is 1.80 Euros, the same as for an international bank transfer.
With the methods mentioned above, you can easily make deposits to your e-wallet account and fund your betting account with Skrill to start betting now!
Moneybookers MasterCard
This is a pre-paid card that links directly to the client’s digital wallet and has been recommended by 96% of the Skrill customers. No commitment is required, as tie-ins nor monthly fees along with cancellation ones do not apply and there is the possibility to withdraw one’s balance at any time. The worldwide ATM withdrawal fee is a flat 1.80 EUR and shopping anywhere on the globe is free; the only other costs are 10 EUR per year as a maintenance fee and an advantageous 2.49% foreign exchange fee.
Four currencies are available: EUR, GBP, PLN and USD. Similar to cards issued by banks, there is a full statement that’s viewable online. The exciting part is the availability of rebates and benefits with such brands as Xbox, Vodafone or The Body Shop: up to 30% cashback and immediate discounts for these and other big names.
Unlike some other e-wallet issued cards, Moneybookers MasterCard is available in the US, where the company actually has an office. Thus, it is possible for Americans to access this option, if they desire to place wagers on any sporting event in the world since bank accounts cannot be used in this direction or for gambling purposes.
Skrill Moneybookers Fees Meaning
Safety concerns
Skrill is not only licensed by the FSA but also in 43 American states (with the other 7 either requiring no license or in the process of granting one. The most advanced encryption technologies are used in order to protect the privacy and prevent fraud. However, the company is currently working on tackling emerging threats, which are the typical scams (car, apartment, online dating, phishing, auction site and reverse escrow) that profiteers use by involving Skrill and even claiming their cooperation in some instances. An online disclaimer and tutorial are available, aimed at safeguarding customers from con artists.
Signing up
Creating an account is a simple process from the start, differentiated as consumer or business accounts. After determining the choice, it only takes another step for personal accounts to be set up or two more for business ones. An individual only has to enter his/her basic details and preferences, while a business, after entering its own details and preferences, also has to declare its sales activity. The choice of acquiring a Skrill MasterCard is also available upon opening the account. To understand the concept more, you can check the Skrill sign up tutorial by BET-IBC!
Customer Support
Skrill Moneybookers Review
Should any questions about Skrill’s services arise, its customer support team will promptly address them. E-mails, regular mail letters, telephone calls or faxes are all supported and there is a special department for merchants. Generally, the support center separates six types of issues: deposits, withdrawals, money sending, the client’s profile, account/security and complaints.
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