How to make deposits and withdrawals on Skrill

Send, receive or transfer money quickly and securely, the dream! With the Skrill online payment service, it's possible. World leader in Internet money transfer, Skrill offers a simple, practical and inexpensive solution for managing your finances online. If you already have create an account on Skrill, here's how to make deposits and withdrawals on Skrill.

In this article, I will explain to you step by step how to fund your Skrill account (deposit) via the different methods available, as well as how to get your money back (withdrawal) depending on the option that suits you best.

Whether it's making a deposit by bank card, SEPA transfer or withdrawing money by cryptocurrency, follow the guide to become a Skrill expert! You will see, in just a few clicks you will be able to deposit, send, receive and withdraw your funds with ease. Let's go !

???? What is Skrill?

The oldest among us may know Moneybookers, one of the leading online payment companies in the world. This wallet was created in 2001 and has grown over the years to become a major player in online payments today.

During this period, Skrill has acquired Moneybookers and decided to modernize the electronic wallet interface. In 2020, Skrill claims more than 50 million registered users on its platform.

Web users are attracted by the possibility of sending money between loved ones or making purchases on the internet instantly and with very limited costs. It therefore makes perfect sense that Skrill is a payment method often available on sports betting sites.

✅ The benefits of Skrill

One of the major strengths of Skrill is simplicity and speed execution of financial transactions. Whether to send, receive or transfer money, it only takes a few clicks. The service is accessible on computer or smartphone, for uninhibited financial management.

Another definite advantage: low fees, especially on international transactions or currency conversions. With Skrill, you save on each transaction compared to a traditional bank transfer or other providers. Only small fixed fees apply.

On the security side, Skrill meets the best standards on the market. The system uses a encryption process on all transfers as well as double authentication on accounts to fight against fraud. Your banking data is never shared.

Finally, the Skrill network is used by millions of customers around the world, both individuals and reputable online merchants. You therefore benefit from an extensive ecosystem for sending or receiving money abroad, which is not the case for all fintechs.

With its complete, ergonomic and affordable solution, Skrill has all the advantages of a modern, global and trusted financial service.

❌ The disadvantages of Skrill

First of all, Skrill charges fees that can be high for certain types of transactions. For example, withdrawals from skrill by bank transfer to European accounts have a commission fixed amount of €1,45 + 0,5% of the amount withdrawn.

Additionally, the limits on deposits and withdrawals are quite low for a new, unverified account. Numerous proofs of identity and address must be provided before these limits can be lifted, which takes time.

Another weak point: Skrill's customer service is not always very responsive. Response times to emails requesting assistance or disputing transactions often approach a week, which is a long time.

You should also pay particular attention to the exchange rates applied by Skrill, which are rarely the best on the market. Hidden fees related to currency conversion may exist.

Finally, even though security is taken very seriously by Skrill, the fact that funds pass through a third party poses additional risk to the financial transactions of individuals. A flaw is always possible.

✔️ How to fund a Skrill account?

You can supply your Skrill account using your credit/debit card, transfer or check. You cannot make transfers from Skrill.com to your account if you credited it with a MasterCard.

Step 1: Deposit funds into your Skrill account 

Skrill only asks you to pay an amount $1,13 minimum to activate the account verification step. Costs deposit are 1%, so you just have to pay gently 0,2 USD. The following guide will help you make a first deposit at Skrill.

Click the " deposit » in the left corner of the interface after logging in. Select country and currency information. (1) Choose your country, (2) Select your currency, then click on “ Next ».

Step 2: Choose one of the Skrill deposit methods

Choose to deposit from a credit or debit card so the money will only be transferred to your account after 15 to 20 minutes. Click on the button " deposit now as shown below.

Step 3: Complete the required information

This includes your full address, city, postal code, date of birth, etc. Please note: : This must be the address where you currently live and which you will use for address verification or the address where you have utility bills (it must have your name and address which you register on the bill).

Then click on " Next ».

Step 3: Enter your Visa / Master card information

It is a question of inserting your (1) Card number, (2) Expiry month/year, (3) Three security numbers on the back of the card. Then click on “ Add cards and continue ».

Step 4: Enter the amount you wish to deposit to Skrill

(Enter the amount ($1,13 minimum). Then select “ No » if the amount you deposit is not intended for gaming, casino and betting. Then click on “ Next ».

Step 5: Check and confirm the amount you wish to deposit

If you agree, press " To confirm ».

At this stage, you make the top-up request with the bank at which you register the card, for example. Enter the OTP code sent to the phone message or token card.

Once finished, Skrill will display a confirmation that you have deposited. Within 20 minutes the money will be transferred to your account.

✔️ How make withdrawals on skrill by bank card; 

Follow the instructions below to be able to withdraw from your Skrill account to your bank account. This method is slow and can take 2-4 days for the withdrawn funds to be accessed in your bank accounts

Step 1: Open your Skrill Account

If the site is not displayed in your preferred language, you can change the language by going to the upper right corner of the screen to select the language of your choice. Click on " Login in the upper right corner to continue.

Enter your login details and click the purple button “ Login to access your account screen.

■ Depending on the country you indicated where you reside during the account registration process, your account screen may look slightly different from what is shown in the screenshots below on this page.

Step 2 : Click on " Remove » and then on « Cryptocurrency wallet »

After successfully logging in, click “ Remove on the right side of the screen to display the available withdrawal options.

Step 3 : Choose the method of withdrawal on skrill: bank account

After selecting a bank account from your list of saved bank accounts to receive the withdrawal, enter the amount you wish to withdraw. Click on the button " Continue to finalize the withdrawal transaction.

Wire transfer withdrawals will be reflected in your nominated bank account within two (2) to five (5) days.

????Faq:

Is Skrill safe to use?

When you deposit funds with Skrill, they are safeguarded at a top-tier financial institution, away from Skrill's working capital. This protects your money.

Can I transfer money from Skrill to my bank account?

Yes, you can send payments from your Skrill account to your bank account. Withdrawals may take a day or two to process, depending on your own bank's processes.

Remember that if you send money to an account held in a different currency, currency conversion fees may apply.

Which countries can use Skrill?

You can use Skrill in many countries around the world. However, there are a few unserved countries, which are listed on the Skrill website.

How do I contact Skrill support in Malaysia?

Skrill Standard Account holders can get in touch with Customer Support via social media.

But if you have a Skrill VIP account, you can get faster service 24/24 by logging into your account. Go to your Skrill account to see your options.

How to receive money on Skrill?

You will be able to add funds to your Skrill Account by logging in and obtaining the latest account information from the “ Filing From your account.

Then use these account details to transfer money from your bank in the way you prefer.

Conclusion

Whether to fund your account by bank card, SEPA transfer or other, or to withdraw your funds by cryptocurrency or bank transfer, Skrill offers many simple and quick possibilities.

With a variety of deposit and withdrawal methods, instant transactions and low fees, Skrill is more than an alternative to traditional banking services. It's a flexible and cost-effective way to transfer, receive and spend your money internationally.

So, convinced by the advantages of Skrill? Open your account now to benefit from smooth and modern financial management adapted to your needs. It will only take you a few minutes to start using this valuable tool on a daily basis! You can also create an account on payeer