Fees for Skrill
One of the reasons why millions of users prefer using Skrill is because of their commitment to low fees. Setting up your Skrill account is quick, easy and best of all free. You can use your Skrill wallet to pay at a retailer or online with no fees attached. Just make sure that the selected store or merchant accepts the payment option. All money you receive via your Skrill account is free and most methods used to upload funds into your Skrill account is free, those that aren’t free only have a small charge attached which is clearly stated and displayed on their website. If you would like to send money to another Skrill wallet or to an email address you will be charged with a fee of 1.9% on the amount sent. The latter is capped at €20.
Any transaction done involving currency conversion will have a fee of 3.99% added to the wholesale exchange rates. These rates vary and it should be noted that the fee will be attached without a notification to you as the user. Other than that Skrill is mostly free and perfectly cost effective. The only time you will ever have to start paying for your Skrill account is when you haven’t logged in or made a transaction in a period of 12 months. If this is the case you will be charged a service fee of about €3 which will be deducted from your funds monthly. Thus, if you aren’t planning on using your e-wallet on a regular basis it might not be the best option for you.
Deposit and cash-out times
One of the main reasons for using an e-wallet is for a more convenient and speedier transaction timeframe. When it comes to your credit or debit card you know more or less how long your transactions can take but you don’t necessarily want to wait that long. E-Wallets such as Skrill that has been in the industry for a decent amount of time know how important it is to provide users with speedy payment times. When you add funds to your Skrill account via Credit Card or Debit Card it will be processed and visible in your account immediately. Methods such as bank transfers and country specific deposit options are also instant. If you fund your account via bank wire it could take anything between 2 and 5 business days.
Withdrawal times same as deposit times are calculated by the preferred method. If you withdraw using your Skrill Card it is instant at any ATM location. If you withdraw via Bank Wire it can take between 2 and 5 business days and if you withdraw via VISA it can take as long as 7 days to process your withdrawal.
One of the biggest advantages of using a Skrill wallet is that it adds extra layers of protection to your financial information. One of the biggest concerns among frequent online shoppers or gamblers is the safety of their confidential information. Skrill makes use of a secure payment system that makes shopping, playing and paying online a breeze. When paying via Skrill your bank and card details are kept safe. You will only be required to provide your email address and password to pay. Any and all information transmitted by Skrill is done via SSL digital encryption technologies of the highest standards. Your data won’t be readable even if someone manages to access it.
Skrill users and their security are the biggest priority which is why Skrill users can use the Google Authenticator which is another added layer of protection. With this Two Factor Authentication application you will have to enter a code from your phone alongside your email and password. This means that even if someone manages to access your details they won’t be able to make any transactions unless they have your phone at hand to enter the once-off code.
Skrill isn’t just the better way to pay they also come with heaps of benefits and rewards. Using a Skrill account for online gambling, Forex, Shopping or Game and Fantasy, opens up a world of promotions and exclusive rewards. When you are on the Skrill website you can simply head over to the rewards section which will redirect you to all the promotions and rewards you can score with Skrill. You’ll get exclusive deals, gaming opportunities and cashback offers to name a few and this all just for using Skrill as your preferred payment option.
Skrill isn’t just loved by millions of users because of payment convenience; they are also preferred because of their transparency. The site is easy to use and contains all the vital information a user might need. Apart from an incredibly detailed site they also offer superb support service. On their site there is a search bar where you can type in your query for immediate answers. For your convenience they also have a popular topics sections where they answer the most frequently asked questions in detail. This section contains answers on account, payments, security and prepaid queries. Each topics has a few different categories listed below which will direct you to the answers you might require.
If you prefer getting in contact with them personally you can always direct your questions to them via their social media sites that include Facebook, LinkedIn and Twitter. If you want a one on one conversation with their superb call centre staff then you can contact them via telephone or email. VIP users will have their own personal contact number they can dial for instant service.
Using Skrill is not only easy and convenient regarding purchases but also because of their wide range of accepted payment options. You can fund your Skrill account with credit or debit cards worldwide which includes local and international card types such as Amex, MasterCard, Maestro, Laser, Carte Bleue, CartaSi and Postepay. You can also fund your Skrill account with transfers directly from your bank account. This is only applicable if the bank account is in your name. The top mentioned payment options are free of charge.
If you upload funds via methods such as Rapid, Bitcoin, SoFort, Neteller, Visa or Swift a transaction fee may apply. Depositing funds via American Express, Diners, JCB or Paysafecard is also charged with a fee. Finally all withdrawals come with a fee attached and these can be processed via direct Bank Transfer, Visa or Swift.
If you’re looking for a little something extra then you’ll find it in the Skrill VIP programme. If you join their VIP club you will not only receive lower fees, special promotions and extra security, you’ll also get to enjoy 24/7 support. If you are a frequent user then as a VIP you’ll get more benefits and bigger rewards exclusively through your membership.
The VIP programme has 4 categories which you can fall in to namely Bronze, Silver, Gold and Diamond. The terms are simple; to guarantee your VIP status you need to transact the required minimum amount to fall into your desired VIP category. While all VIP’s enjoy exclusive deals and top quality service the benefits are at their best when you’ve reached Diamond level.
As a Bronze level you need to transact over €6000 in a quarter. In doing so you are guaranteed 24/7 VIP care, a lower send money fee of 1%, a send money fee cap of €10, lower card fees of between 1.25 and 2.5% and more. If you manage to reach Diamond Level you will live the high life with +3 Multi-currency accounts, a personal account manager, priority bank uploads, 24/7 care, a send money fee cap of €2, free card uploads and bank withdrawals as well as a Skrill Wallet FX rate of 1.99%.
The downside of this is that you can only reach a higher VIP level once every quarter and if you don’t make the minimum amount of required transactions for the quarter you stand a chance of losing your VIP status. You will however never lose your VIP status during a quarter as the VIP levels and accounts are only reviewed at the end of each quarter. If you are a frequent buyer or online gambler then this shouldn’t be a worry and you’ll be able to cash in on your exclusive rewards without ever worrying about losing your status.
With more than a decade and a half of experience and a constantly evolving brand it’s no wonder that Skrill is one of the most trusted online payment gateways available. The company boasts with a variety of Achievement Awards that have been obtained by hard work and spectacular results.
In 2011 Skrill received Best Global Potential Award and Unique Leadership Award at the Media Momentum Awards. In the same year they featured on the Red Herring Global Top 100 list and were named the Payments System of the Year at the EGR B2B Awards for the second year in a row.
In 2013 they were honourably mentioned on The Sunday Times Profit Track 100 and received a Golden Gaming Award. They were also listed as a Runner Up for the Best Prepaid Card in the 2011 Prepaid365 Awards. Skrill was also a finalist in the e-commerce awards of 2014 and was awarded the A Awards Best Payment System title in 2015.
History of Skrill
Skrill is an e-commerce company that makes payments and money transfers via internet extremely easy. The site is owned and operated by Skrill Limited which is fully licensed by the European Union and regulated by the Financial Conduct Authority. Using Skrill is easy and convenient as there are various options to control your account. You can either download the mobile app from your Google PlayStore or iTunes directly on your mobile or tablet device or you can opt for the Skrill Prepaid Card.
Skrill (formerly known as Moneybookers Limited) was incorporated in July 2001. The company was the first FCA-regulated e-money issuer in Europe and was bought out by Investcorp Technology Partners in 2007. The site first linked up with eBay in 2009 and it was only in 2010 when the rebranding as Skrill started. In the same year Skrill was ranked as the UK’s fastest growing private equity backed company by the Sunday Times Deloitte League Buyout Track 100 table.
Skrill has focused a lot on improving their brand and expanding over many regions. In 2012 the company launched Skrill 1-Tap which is a market leading single click payment platform that allows optimal conversion as well as mobile friendly transactions. In 2013 the company acquired Paysafecard and became the preferred choice for online payments. The company went even further in extending their reach when they acquired Ukash in 2014. Over the years Skrill has had a mind-set of constant growth and each acquisition and improvement has been carefully calculated to improve their rankings.
Today Skrill is one of the biggest digital payment options available and is used by millions of users across the globe. Apart from having access to Skrill in nearly 200 countries users can also choose from 40 different currencies. In the online gambling world Skrill has become one of the most preferred choices of payment options amongst players. It is safe, convenient and easy to use and perfect for instant payments. It’s one of the best solutions for anyone who is not comfortable with using their debit or credit card for any online payments. It’s also highly secure and one of the fastest growing payment gateways available. With 17 years in the industry you can also rest assured that all your worries, queries and problems will be attended to in record time.
If you wish to sign up with Skrill today to experience the convenience and superb service then visit them at www.skrill.com. Activate your free account and start reaping the rewards of online shopping, paying and playing at record low fees.