Verified Skrill Account

Skrill was first launched in the UK, initially focusing on the online gambling sector. In the early 2000s, PayPal stopped serving the industry due to regulatory changes. This created an opportunity for companies like Skrill and Neteller (now owned by the same parent company) to establish themselves as an alternative to PayPal and build their reputation.

In 2013, Skrill underwent a rebranding process that lasted two years, resulting in the company being given its current name. Two years later, in 2015, the company was acquired by Optimal Payments Plc, which had also purchased a voucher-based payment system called Paysafecard. This acquisition may have influenced Optimal Payments' decision to change its name to The Paysafe Group at a later date.

Over the years, Skrill has remained one of the world's largest web wallet providers.

Is Skrill Safe and Legit?

Skrill is a safe and secure digital payment platform that the Financial Conduct Authority regulates in the United Kingdom.

It's possible that some users might be worried about Skrill's previous connection to the gambling industry. However, it's essential to remember that Skrill was established in the UK and adheres to UK laws. Online gambling is permissible all over the United Kingdom and is extensively advertised on TV and at sporting events.

Is Skrill a legitimate service? Yes, it is. Is Skrill a reliable service? It is very dependable.

If you are concerned about how Skrill handles your data and privacy, you may review their privacy policy and terms and conditions.

What are Skrill's Fees?

Skrill is an international payment service that operates in multiple countries and currencies. The fees charged by Skrill may vary based on the country and currency you use for your transactions. If you are a Skrill user in the United States, you can get an idea about the applicable fees by looking at these USD rates for US customers:

• Depositing Money: $0
  Methods include Visa, Mastercard, Paysafecard, Bank Transfer, ACH, and Paysafe Cash.
• Withdrawing Funds: $5.50
  ACH.
• Send Money: $0
  To other Skrill users and merchants.
• Receive Money: $0
  From other Skrill users and services.
• International Transfers: 4.99%
  The outgoing and incoming currency must be the same.
• Currency Exchange Rate: 3.99%
  This fee is charged in addition to the wholesale exchange rate.
• Skrill Prepaid Card: $10 per Year / $2.50 ATM Fee
  You may also be asked to pay $10 if you don't meet specific requirements.

How about Skrill's international fees?

When you make a Skrill money transfer within the same country, it is free of charge. However, you may be charged a fee if you send Money internationally. If your account is inactive and you have not made any transactions within the last 12 months, you may be charged $5 per Year. To avoid this, withdraw all the Money and close your account if you no longer wish to use the service.

In general, the fees are quite reasonable. However, when you make international transfers or process payments in different currencies, you will be charged an additional 3.99% on top of your transfer amount. Although it may not seem like much, these fees can accumulate quickly and become significant.

Skrill Pros and Cons

Skrill can be an excellent service for specific users, but some may have better options. The suitability of Skrill depends on your particular needs and requirements. Consider the following pros and cons to help you determine whether Skrill is the right choice.

Pro: Skrill offers both Personal and Business accounts

As a business using Skrill, you can benefit more from a Skrill Business account, whether buying or selling products or making regular payments to contractors and freelancers.

It ensures the security of your Money while allowing you to transfer it across various currencies and withdraw it quickly.

Pro: It's Safe

As previously mentioned, Skrill is a highly secure and reliable payment platform. The Financial Conduct Authority has regulated it since its inception and has always followed strict rules and regulations to ensure its users' and their funds' safety and security. Skrill takes every possible measure to safeguard its users' Money and keep it secure.

It's essential to keep your password safe and secure, as well as your devices and Wi-Fi network, to ensure the safety of this service.

There are several measures in place to minimize the risk of unauthorized access. For example, the system will attempt to identify your device and IP address and prompt you to use two-factor authentication. However, these measures are only effective if used correctly, so please use the services responsibly.

Pro: Comes with a Prepaid Card

Skrill offers a prepaid card linked to your Skrill account, allowing you to withdraw Money from ATMs and make purchases in person.

The Skrill debit card was previously unavailable in the US despite being available elsewhere but became available in early 2020.

The Skrill card is easy to activate and use but has some fees, as shown in the Skrill Fees table above.

Pro: Skrill is compatible with numerous devices

Skrill can be accessed directly through your web browser and works with most operating systems and browsers. It is also available on mobile devices, and the Skrill app can be downloaded from Android and iOS stores. This means you can easily use Skrill while on the go, whether you need to check your account, make a payment, or withdraw funds.

Please take a moment to review our FAQs for a quick and easy overview of Skrill payments through our app.

Con: Verification Can Take Time

Lots of reviews of Skrill Wallet express discontent about the verification process. In reality, most of these complaints are baseless. The verification process is mandatory by law and aims to safeguard users and create a secure environment overall. Nevertheless, resolving any problem during the verification process may take some time, and this is when it becomes a cause of concern.

To complete the verification process, you must submit a picture ID and a utility bill as proof of address.

Con: Limited Customer Service

Skrill does not offer a Live Chat feature for its customer support. Instead, it provides a Sofia chatbot that is available only to existing members. However, the chatbot does not connect you directly to a customer support representative. Before starting a conversation with Sofia, you will be asked to enter your registered email address.

An Alternative to Skrill

Wise

Wise is an excellent option if you're looking for an alternative to Skrill. With Wise, you don't have to worry about any markup fees - you only pay the exchange rate you see in the search engine and a small and transparent fee. You can keep or convert your funds in over 50 currencies and have local bank details in over nine currencies. The best part is that opening an account is free, and you can enjoy several benefits.

• Send and receive Money internationally with transparent and low fees.
• You can securely store and convert currency in over 55 different currencies.
• Get local bank details in EUR, USD, GBP, CAD, AUD, NZD, SGD, RON, TRY and HUF
• Obtain a debit card for your multi-currency account, enabling you to withdraw cash from ATMs worldwide.