Skrill | Alpari International (2024)

FAQs

Does Skrill work internationally? ›

Sending money to a bank account overseas can take up to three days. Currency conversion: If a transaction requires a currency exchange, Skrill will use the exchange rate that applies when the transaction happens. You can check through the currency converter before finalising the transaction.

Skrill USA, Inc. is licensed and regulated as a Money Transmitter by the New York Department of Financial Services.

To receive money from abroad through the Skrill wallet, you will need to open the email sent from Skrill to your email address about the transaction and sign up for the Skrill digital wallet. It only takes a few minutes. The money should be available in your digital wallet to then keep and use³.

If you're new to Skrill, chances are that you're still a bit unsure exactly where you can use the funds in your Skrill wallet. While the general rule of thumb is “pretty much anywhere” there are absolutely limits to this, and they vary by country, further complicating the picture.

It operates in 200 countries worldwide and supports 40 different currencies. It offers a range of online payment and money transfer services, ATM withdrawals, and prepaid debit cards.

Skrill has a cheaper debit card service fee compared to PayPal. However, the fees for depositing and withdrawing funds can vary depending on the payment method and country. Ultimately, the choice between PayPal and Skrill may depend on your specific needs and preferences.

No service fee applies as long as you log in or make a transaction at least once every 12 months. If you don't do this, a service fee of USD 5.00 (or equivalent) will be deducted monthly from the funds in your account.

All in all, 3% of digital payment users in the United States use Skrill. That means, of the 21% who know the brand, 14% use them. How loyal are the users of Skrill? Around 2% of digital payment users in the United States say they are likely to use Skrill again.

Is Skrill legit? ›

So is Skrill legit? Absolutely. Not only does it have a well-known parent company, but Skrill itself is authorised and regulated by the Financial Conduct Authority (FCA) here in the UK. ¹ It also operates globally, and is regulated in the countries it operates in.

The Program allows U.S. residents (each, a “Member”) to send payments to and receive payments from (i) other Members; (ii) customers of the Skrill Limited or Paysafe Payment Solutions Limited network; and (iii) certain merchants that have opted to participate in the Skrill USA network (each, a “Merchant”) (any such ...

Yes, Skrill Money Transfer lets you send money to a bank account abroad. We are constantly expanding our payout choices and depending on the recipient's country, you can direct your transfer to a bank account, Visa® card, Mastercard® or mobile wallet.

Buy a paysafecard from a local shop and use it to add money to your Skrill wallet. No bank account or credit card information is required.

Instantly access your account balance and use your Skrill card abroad anywhere Mastercard is accepted. Use contactless payment in-store and withdraw cash from ATMs worldwide. There are no credit checks, and you benefit from the added security of your Skrill balance being separate from your bank account.

You can update your address by clicking the Edit button next to the address you've registered. In case you need to also change your country of residence, you'll need to contact us directly for assistance. We may also request that you send us a proof of your new address.

Skrill's offering of and support to the Skrill Prepaid Program is limited to residents of the European Economic Area and the UK.

Depending on your needs, you'll find that each has some great benefits, though neither is more or less secure than the other. If you're more interested in online shopping or e-commerce than forex trading, gambling, or cryptocurrency, then PayPal will likely serve you better.