In this article, we will look at how to open a Skrill account, how to verify your Skrill account, how to fund your Skrill account, how to receive funds with your Skrill account, and which cards Skrill accepts.
Skrill, an online payment solution that allows users to pay online, send money and receive money from associates, friends, and family both locally and internationally depending on where they are.
Skrill provides Personal and Business accounts, allowing users to send and receive money with ease.
What Exactly is Skrill?
Skrill is a global online payment system that allows people to send and receive money from anywhere in the world.
Paysafe Holdings UK Limited is the parent company of Skrill and Neteller which is another E-wallet. The paysafe head office is in the United Kingdom and is the company’s European headquarters.
Skrill allows you to send money, receive money, transfer money to another Skrill account, shop online, and do a variety of other things.
While Paypal may be one of the most popular online money transfer services, it is not available in many countries. However, Skrill is a payment system that is available in most countries even in Africa.
While most forex brokers do not accept Paypal; they accept Skrill as a method of deposit.
Skrill can be used to receive payment as a freelancer working online. All you have to do to use this service is create a free account.
After you have verified your identity and address, you will be able to access Skrill’s simple online banking platform. Your Skrill Account is denominated in the currency of your choice.
And during the signup process, you will be asked whether you want to use your Skrill Account for personal or commercial purposes.
Withdrawal limits will also apply to your Skrill Account. These limits are dynamically adjusted based on the type of identification documentation you have on you.
Types of Skrill Accounts
Before we discuss how to open a Skrill Account, you must note that this platform allows you to open two types of accounts.
There are two types of accounts: personal and business. If you’re not sure which to use, keep reading because everything is explained below.
1. Personal Account
A personal account is intended for an individual who wants to receive or send money, shop or conduct financial transactions online. The personal account is for you if you are a freelancer, do jobs online, or get paid by anyone online.
The personal account is also for you if you want to shop online or send money to friends and family. What can you do with your personal account?
- Send money – A personal account allows you to send money to anyone, anywhere in the world.
- Receive money – You can receive money from anyone in the world using your personal account.
- Make an online purchase – You can shop from a variety of stores online.
- Invest in Cryptocurrencies – With a personal account, you can easily purchase cryptocurrencies. All major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.
2. Business account
A business account is a merchant account for companies that want to accept payments from their customers. The payment solution is simple to integrate into your website, and from there you can accept payments from your customers.
They can pay for your goods/services using a credit/debit card, a wallet, or a transfer. If you sell online or provide services that people pay for and need a way to handle all of the payments, the business account is for you.
How To Open A Skrill Account
It is quite simple to open a Skrill account, you will be required to input your username, password, email address, name, account number, debit/credit card, and address. To open a Skrill account, follow these steps.
Step 1: Go to www.skrill.com or install the app.
Step 2: Select Signup.
You can access your account at any time by visiting the login page. You can also make use of the Skrill mobile app.
Step 3: Choose your preferred type of account; a business or personal account.
If you are a registered company and wish to conduct business with this account, select business. Similarly, if you receive a lot of payments from companies or individuals for services you provide, don’t be afraid to select “business account.”
If you want to use your Skrill account to make a deposit at a betting site, pay for goods or services, or transfer money to others, select personal.
A personal account is all you need if you will be making infrequent, minor, and minor transactions.
Step 4: Choose Your Preferred Currency For The Transaction.
Choose a currency that suits your needs. Most users select the base currencies in their home countries to avoid fees that might with currency conversions.
However, you can select any currency that meets your needs.
5. Enter your personal information and submit
Check that everything is spelled correctly. Skrill will review all of your information, and you will be required to verify your name and address with scans of your identification and a utility bill.
Finally, enter your phone number, check the box that says “I’m not a robot” and agree to the terms and conditions of Skrill before clicking the “Open Account” button, as shown below.
Note: Skrill only allows one account per person, so do not create multiple accounts under any circumstances or you will have them blocked.
How to Verify Your Skrill Account
After you’ve learned how to open a Skrill account, the next step is to verify that account so you can use it.
When you sign up for a Skrill account, you will be asked to verify your account using a link sent to your email and a credit/debit card linked to your account.
Or else you will be unable to use Skrill after making transactions of up to £2,500. As a result, it is critical to prioritize complete verification.
Its four-part process includes email verification, physical address verification, credit/debit card verification, and bank account verification.
The initial step is to validate your email address. Skrill will send you an email, just like any other email verification system.
You simply click the link in the email, and your email address is verified. The next step in the verification process is to confirm your physical address.
Skrill will send you a letter to the address you provided when you registered. A six-digit code will be included in the letter you will receive.
After that, you must log in to your Skrill account and enter the code on the account verification page.
And then, your limits for sending money to other Skrill users will be increased, as well as your withdrawal limit.
Checking The Validity Of Your Credit Or Debit Card
The third step in getting Skrill verified is to set up your debit or credit card. The name you used to register must be the same as the name on your debit/credit cards.
Skrill will charge your card a small fee of around $2.00. They will refund this amount to your card once you have verified it.
Verifying Your Bank Account
You will also be asked to verify the bank account linked to your Skrill account to withdraw and send money.
There are two options for confirming your bank information; either you deposit or withdraw money from Skrill using a bank wire.
When withdrawing funds via bank wire, you must first select the “Add bank account” option. You will need to know your bank’s SWIFT code for this.
Contact your bank branch for the swift code, either in person, through one of their online representatives, or by phone. Because not every bank branch has a SWIFT code, you may be given a generic code to use.
After you’ve correctly added your bank account, simply click withdraw and enter the amount you want to send to your account. Withdrawals typically take two working days.
In very rare cases, withdrawals from Skrill may not appear on your bank statement. If this occurs, Skrill does offer a third option in which they will manually verify your bank account.
However, you will need to send them some additional information to do so. You must email them a screenshot of your online bank account statement or a scanned copy of a bank statement. These must demonstrate:
- Your name is (the account holder)
- Your bank account number
- The item on your statement shows the Skrill withdrawal in your account.
If you are having difficulty with this, you will need to visit your local bank branch and obtain a physical printout of the actual SWIFT transaction to send to Skrill. On request, your bank will provide you with a copy of this.
Verifying Your Bank By Uploading Funds:
You will most likely need to visit your local bank branch to accomplish this. Simply copy Skrill’s bank information and paste it into an international wire form.
You can use your internet banking account to send money internationally if you can do so. International wire transfers can be costly, and the cost varies from time to time.
Notes for Freelancers and Entrepreneurs
If you selected the commercial account option at the start of this article, you must also send Skrill:
- A photocopy of a government-issued identification document, such as a passport or driver’s license.
- A copy of a utility bill from the last three months that shows your home address.
- Skrill will completely verify your account if you followed all of these steps.
How To Recover a Restricted Skrill Account
It’s not enough to know how to open a Skrill account, you also need to know how to recover your account in case it gets restricted. If your account has been restricted, you must also verify for the restriction to be lifted.
There is no need to be concerned because the procedure is very simple. You will need your International passport/National ID Card/Driving License, as well as a utility bill that is no older than 90 days, to verify your account.
All you have to do is sign in to your account, click on Learn More at the top of the page, and follow the instructions. The simplest method is to use the Skrill mobile app which is available for both Android and iOS devices.
Once you’ve installed the app and logged in, the app can scan your documents and caption your images more quickly.
How to Fund Your Skrill Account
It is extremely simple to fund your account. If you want to fund your account for any reason, whether to shop online, buy cryptocurrency, send money, or whatever, you can do so with ease.
Please sign in to your account. Click on the deposit button. You’ll notice the options right away. You’ll be done if you stick to it. There are numerous ways for you to fund your account.
You can fund your Skrill account using a debit or credit card. Another option is to use a SWIFT Bank Transfer or a linked valid Visa or Mastercard credit or debit card – or with a wire transfer from your bank account.
You can also use bitcoin or bitcoin cash to fund it. Another option for funding your account is to use Neteller. Depending on the platform, you may be charged nothing to as much as 7% for transferring funds to your Skrill account.
Swift bank transfers are free and take 2 to 5 working days to process. Using Master and Visa cards costs 1.9 percent of your deposit and are instant if your card has been verified.
Skrill accepts a wide range of international and domestic card types, including AMEX, JCB, Diners, Maestro, and Paysafecard. American Express and Paysafecard charge 2.5 percent and 7 percent, respectively.
How to Receive Funds into Your Skrill Account
It is very simple to receive money. All you have to do is provide the email address associated with your account to whoever is sending you money. They can send you money via email, and you will receive it in your account.
To do so, sign in to your Skrill account, choose a withdrawal method, and enter the amount to be withdrawn. Simply click the “Send Money” button and choose the receiver’s information – (Email address, complete name, destination, currency, and amount they wish to send).
It is important to note that your card should be linked to your account, as this is where you will be remitting from. Once all processes have been completed, simply press the finish/send button.
How to Use Skrill to Send Money
You can send money overseas. If you are abroad, you can use Skrill to send money overseas. It is very simple to send money. Please sign in to your account.
Once you’ve logged in, you’ll see “send money now,” which you should click. You can fill out the form with the amount you want to send and how you want to pay for the transfer.
You can send money directly to a person’s bank account or their Skrill account. Also, note that your recipient is not required to use Skrill. You can just send the money directly to their bank account.
Skrill Withdrawal To Bank Account
Withdrawing money on Skrill is simple and quick. You only need to log in to your account. Click the Withdraw button. Choose the bank account to which you want to make a withdrawal.
You can add one if you haven’t already. Input the amount you want to withdraw, then follow the instructions to complete your withdrawal.
Withdrawals to local bank accounts, in my experience, are quick and almost instant. Alternatively, if your card is capable of accepting payment, you can withdraw using it. Withdrawals are subject to a 5.50 euro processing fee.
Please keep in mind that your Skrill is already linked to a local bank and that this is where your money will be sent. The amount will be credited to your account instantly.
When withdrawing funds from a bank account, make sure the account number, sort code, IBAN, and/or BIC/SWIFT are correct. If you are not the named holder of a bank account or other Payment Method, you must not make a withdrawal.
You will be charged 1.75 percent of your withdrawals up to a maximum of £10, as well as 2.99 percent for transfers between USD, GBP, EUR, CAD, and PLN currencies, and 3.99 percent for transfers involving any other currency, such as naira.
Skrill allows withdrawals via bank transfer and Visa debit or credit card, which explains why you need a domiciliary account. Skrill will take any violation of this requirement very seriously, and any attempt to use a Payment Method for which you are not the named holder will be considered a fraudulent act.
How To Withdraw Money From Skrill Deposit By Mastercard
You can also apply for a MasterCard as well. With a skrill MasterCard, you can withdraw money from any ATM in the world, make online purchases, and do everything else that a debit card can do.
Frequently Asked Questions
How Do I Make A Deposit Into My Skrill Account?
You can deposit using your Visa or Mastercard credit or debit card, or by wire transfer to your bank account.
How Long Does It Take To Withdraw From Skrill To Bank Account
Withdrawing via wire transfer (SWIFT) takes between 2 and 7 business days, depending on your bank.
How Much Money Can I Withdraw From Skrill?
Given the fees, it is best to limit your withdrawals to a maximum of $100.
How Recieve Money From Abroad?
You can receive money from other Skrill users by having them send money directly to you or through a cart on your website.
Can I use Skrill if I don’t have a bank account?
Yes, but it’s a better experience if you use it with a bank account.
Skrill accepts which credit cards?
Skrill accepts both Mastercard and Visa credit cards.
Is Skrill a better option than PayPal?
This is subjective and is determined by the use case.
How can I obtain a Skrill Mastercard?
This is only available to European residents.
How Do I Transfer Money From Skrill To Mastercard?
You can only withdraw money to your Visa card.
Skrill is a popular online money transfer service. If PayPal is causing you problems, give them a shot. You can sign up for an account right now by clicking here. I hope this article has helped you understand how to open a Skrill account, verify and fund it, as well as withdraw money from it.