Skrill is an electronic payment systеm for international transfers. It allows members of the ecosystem to send or receive funds using an email address. The payment systеm supports over 40 currencies and is represented in more than 190 countries. Its services are used by more than 40 million people worldwide.
About the company
Skrill is a subsidiary of PaySafe, an international group providing services in the online payment market. Skrill has over 20 years of history as the successor to Moneybookers. The payment systеm was founded in 2001 and is registered in London.
Skrill Wallet
The payment systеm wallet allows you to:
- Pay for your purchases online without disclosing your bank details. Skrill is convenient for payments on Amazon, eBay, AliExpress and other marketplaces. The payment systеm is a market leader in payments related to betting, online casinos, poker and other areas of the gambling sector.
- Transfer money to a bank account or to the wallets of other users of the systеm with minimal commissions.
- Receive funds deposited to your bank account or Skrill wallet using your email address or mobile phone number.
Become a VIP status owner by participating in the Knect loyalty program, and earn a passive income and reduced commissions when conducting transactions.
How to sign up
- Registration in Skrill is elementary. All you need to do is to go through the standard steps::
- Specify name and surname.
- Enter your email address.
- Fill in the captcha.
- Confirm registration by following a link sent by the systеm via email.
- Fill in the payment information in your personal cabinet.
Verification
To ensure protection against fraudsters and as required by current legislation, interaction with the platform demands verification of users. The procedure is simple and takes 5 minutes. It takes place in 3 steps and to pass it you need:
- Login to your account and sеlect “Verification” in the “Settings” section.
- Take a photo of yourself and your identification document (passport or driving license). You will also need a photo of a document confirming the address of residence. Upload photos to the systеm.
- Expect account verification within a few minutes.
If the documents required for verification are not provided, the account will be subject to limits. They will apply to payment amounts and some methods of depositing and withdrawing funds.
Commissions
- Registration and receiving payments in the systеm are free. In the event that a registered member does not use Skrill for six months, a commission of EUR 5 per month will be deducted from him.
- The commission for replenishing an account is 1%, regardless of the payment method.
- A withdrawal fee of 5.5 EUR-7.5% will be charged, depending on the systеm member status and the type of financial transaction (card, account, transfer).
- If the financial transaction involves currency conversion, a fee of 3.49% will be charged.
- For cryptocurrency transactions the systеm will charge 2.3%-1.8% depending on the status of the systеm member (Skriller, True Skriller, Silver VIP or Gold / Diamond VIP).
- Online payments to platforms accepting Skrill as a standard form of payment are free of charge.
Advantages
- The company is licensed by the FCA (a British regulator with very strict requirements for licensing entities) and holds a European e-Money License. This indicates a high degree of trustworthiness and security of the Skrill service.
- A leading position in the online gambling market. High demand among freelancers (photographers, illustrators, especially in the stock imagery segment).
- High speed of transactions. Almost all processes on the platform are automated, unlike banking ones.
- Mobile applications for Android and iOS are available.
- Transparent and profitable Knect loyalty programme. Members of the ecosystem are awarded points for each transaction. They can be exchanged for money, discounts, bets and other various bonuses.
Disadvantages
- There is no possibility of withdrawing funds to a MasterCard. This type of card can only be used for replenishment. Only Visa is a full-fledged bank card for interaction with the payment systеm.
- Charging penalties “for inactivity” to users.
- All payments in the systеm are made in euros. This necessitates the conversion and, consequently, the payment of an extra commission for exchanging financial assets in other currencies.
- The basic limit for unverified accounts is 500 EUR.
- High commissions for users who do not have VIP status.
With the help of our exchanger, you can buy Tether USDT through the Skrill payment systеm or withdraw it with a minimum commission.
