Paul McKenna

Oct 10 2022

In Depth Skrill Review 2022 by specialist eWalletBooster

An extensive review of Skrill in 2022. What they offer compared to the rest of the market, and how you benefit when linking your account to eWalletBooster.

Skrill is a world leader in payment solutions, whether you're gambling, trading on forex sites, or sending money to friends and family around the world. Its fast, efficient and secure method of transferring funds is the reason it earned that top spot.

We're going to review each bit of Skills offerings today so you can see why it's one of the best on the market.

Table of Contents:

What is Skrill?

Skrill is a truly global company. They're based in London and have offices throughout Europe and the US. Their staff of over 500 represents more than 30 nationalities, and, as a UK-based company, Skrill is regulated by the Financial Conduct Authority (FCA). This ensures that they're held to an incredibly high standard, just as any other reputable financial institution.

Skrill accounts can be held in any of the major currencies, but once the first transaction is made, it is not possible to change the account's currency. 

Skill has also recently introduced a new service allowing you to buy and sell cryptocurrencies. You can buy any of the following cryptocurrencies from your Skrill account:

  • Bitcoin
  • Bitcoin Cash
  • Ether
  • Ethereum Classic
  • Litecoin
  • XRP
  • 0x.

Is Skrill Safe?

Skrill is one of the most secure e-money services in the world. They offer industry-leading risk and anti-fraud technology, along with multiple added layers of security. They make use of the most modern encryption available (SSL) and highly encourage users to activate Two-Factor Authentication (2FA) to add yet another obstruction for those with malicious intent.

Skrill's most recent account releases show a net worth of £344m+, and their parent company Paysafe Group is listed on the FTSE 250 Index. Paysafe is a multinational company that owns Skrill, Neteller, and Paysafecard/Paysafecash, among others.

Additionally, it's worth noting that as Paysafe is headquartered in the United States, Skrill is regulated by two federal governing agencies - the British FCA and its American equivalent, the Securities and Exchange Commission (SEC).

In short, Skrill is incredibly trustworthy. They use top-tier security and are monitored by two of the most respected (and feared) governmental bodies, ensuring each step they take is taken to the letter of the law.

How does Skrill work?

In order to use Skrill for either their wallet or money transfer service, you firstly need to create a Skrill account. This is a very simple process that only takes a couple of minutes.

To get started, you only need to supply the following details:

  • An email
  • Name
  • Address
  • Preferred currency (USD, EUR, GBP, etc.)

Once you have successfully registered your account, you will immediately be able to make money transfers with no additional security or verification required and use the Skrill e-wallet to transfer funds to your favourite gambling, forex, and crypto sites.

In order to increase your e-wallet transaction limits and order a (physical) Prepaid MasterCard or Virtual MasterCard, you will need to verify your Skrill account.

Skrill Card

Skrill offer two different prepaid Mastercard’s: Skrill Prepaid Mastercard & Skrill Virtual Card. If you join Skrill via eWalletBooter and qualify for a free VIP upgrade, you will also be entitled to a free prepaid Skrill Mastercard - saving you €10.

Below we set out the details and advantages of each prepaid card.

Skrill Prepaid Mastercard

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Owning a Skrill Prepaid Mastercard allows you to enjoy instant access to your Skrill account balance anywhere in the world where Mastercard is accepted. You can spend your account balance online or in regular high-street shops.

Skrill prepaid cards are available in four currencies: 

  1. EUR
  2. GBP
  3. USD
  4. PLN

The Skrill Prepaid Mastercard is only available to residents of authorised European Economic Area (EEA) countries.

There are no credit checks when ordering your card. However, you will need a verified Skrill account and a minimum balance of €10 to request your card for delivery.

Skrill Prepaid Mastercard Fees

The below fees and limits are for regular accounts and are also dependent on whether you are a VIP.

Learn how to get an instant Skrill VIP Upgrade

  • FREE to pay for goods in shops, restaurants and online
  • FREE to receive cash
  • FREE balance enquiries
  • FREE online statements
  • FREE PIN reissue
  • €10 annual fee
  • €10 for lost or stolen card replacement
  • 1.75% ATM cash withdrawal fee
  • 3.99% foreign exchange fee
Non-VIPSilverGoldDiamond
Prepaid MasterCard Application Fee€10  FREEFREEFREE
Daily ATM Withdrawal Limit€900€1,500€3,000€5,000
ATM Withdrawal Fee1.75%  FREEFREEFREE
Daily POS (Merchant) Limit€2,700€3,000€5,000€10,000
FX Fee3.99%2.89%2.59%1.99%
Replacement Fee€10FREEFREEFREE
Annual Fee€10FREEFREEFREE

Can I use my Skrill Prepaid Mastercard for online gambling?

Unfortunately, you cannot use the Skrill prepaid MasterCard for online gambling activities. However, you can use it for offline gambling, such as in casinos and betting shops where MasterCard is accepted.

Skrill Virtual MasterCard

skrill_virtual_card.png

You can add a virtual card to your wallet instantly to make payments online wherever Mastercard is accepted. Your virtual card is activated immediately, so if you have funds in your Skrill wallet, you can spend them straight away.

Your first card is free to order and has an annual fee of €10 or currency equivalent. Skrill virtual cards are available in the same four currencies as their physical versions (EUR, USD, GBP, PLN).

Skrill Virtual Mastercard Limits

The limits applied to your prepaid virtual card are based on a 24-hour rolling period and are as follows:

  • EUR: 6,300
  • USD: 7,000
  • GBP: 4,550
  • PLN: 23,000

Skrill Virtual Mastercard Fees

  • FREE to pay for goods and services online
  • FREE balance enquiries
  • FREE online statements
  • FREE first virtual card
  • €2.50 fee for subsequent cards
  • 3.99% foreign exchange fee

Skrill Fees

Continue reading for a full summary of Skrill's most common fees.

Skrill Deposit Fees & Time

MethodChargeTimeframe
Manual bank transfer1%Up to 5 business days
Fast bank transfer1%Instant
Rapid transfer1%Instant
Neteller1%Instant
Bitcoin/BTC Cash1%Instant
Paysafecard1%Instant
Trustly1%Instant
Klarna1%Instant
Credit/debit card1%Instant

Skrill Withdrawal Fees

You can withdraw your funds from Skrill via bank transfer, debit/credit card or Swift. Below we show the respective charges that will apply to each method. Remember eWalletBooster can help you become a Skrill VIP, these charges will then be reduced or removed entirely. 

This makes it incredibly important that you:

  1. Verify your Skrill account
    • A prerequisite for reduced fees and higher limits, via Skrill VIP
  2. Connect your eWalletBooster and Skrill accounts
    • Gain immediate access to Fast Silver VIP and all of its perks for less than half the investment of standard Silver VIP.

Bank transfer withdrawal time is fast and usually processed within 3-5 working days. Below, you can see fees for the most common withdrawal methods:

MethodFee
Bank transfer€5.50
Visa7.5%
Swift€5.50

Skrill to Skrill Fees

For Skrill VIPs, there is no charge applied to P2P (peer-to-peer) transfers. However, for non-VIPs, there is a 1.45% fee on P2P transfers. Remember that if you receive funds to your Skrill account from another Skrill member, then there is no charge.

Non-VIPs only pay to send money - never to receive it.

Skrill to Neteller Fees

There is a 1% charge for sending money from Skrill to Neteller and vice-versa.

Skrill to Bank account

There is no fee applied when you use the Skrill money transfer service to transfer directly to a bank account anywhere around the world. Please note the money transfer service is different from withdrawing money from your Skrill e-wallet account to your bank account.

Send money from PayPal to Skrill

One of the most common questions we are asked is whether it is possible to send money from PayPal to Skrill and vice-versa.

Unfortunately, there is no direct way to transfer funds from Paypal to Skrill. If you really need to send funds, you can use one of several extremely roundabout ways - though these require creating several accounts with other e-money transfer services.

This will take quite a long time (potentially weeks) depending on how much money you're transferring, and where it's going, among other factors.

Skrill Support

Skrill has an in-depth support section where you can usually resolve your issue by browsing the topics.

If you cannot find the answer you are looking for in their support articles, you can email them by creating a case within your Skrill account or alternatively email them at help@skrill.com, or if you are a VIP, you can email them at vip@skrill.com, where the response time is usually far faster.

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However, for more urgent queries and/or account support, the best way is to call Skrill customer service via their support numbers. Refer to the table below to find the most suitable number to call.

CountryNumberAvailable
International*+44 203 308 2520Mon-Sun 8am - 5pm GMT
Russia+7 495 249 543911am - 8pm Moscow time
Spain+34 935 452 390Mon-Sun 9am - 6pm local time
UK+44 203 308 2519Mon-Sun 8am-5pm local time
France+33 173 443 315Mon-Sun 9am - 6pm local time
Germany+49 302 2403 0293Mon-Sun 9am - 6pm local time
Italy+39 064 5236612Mon-Sun 9am - 6pm local time
Poland+48 221 288 257Mon-Sun 9am - 6pm local time

Skrill Review: The Final Say

With all said and done, Skrill is a truly excellent e-money service. They're incredibly secure, offer fantastic rates on commonly-used services, and allow their users access to a generous VIP programme to further improve the user experience. And considering they're the most widely accepted e-money service in the world, it's easy to know that you'll be served very well, regardless of where you live.

Whether you want to send money to a friend, gamble, trade forex, or buy/sell cryptocurrency, Skrill is likely your best option to do so for cheap (or free) and quickly.

If you want to see all the benefits eWalletBooster can provide with your Skrill account click here.

Get a FREE Fast Silver VIP Upgrade on Your Skrill account with eWalletBooster

arrow right iconUp To €100 Cash Bonus from Skrill

arrow right iconUp To $30 Bonus from EwalletBooster

arrow right iconGet Skrill “Fast Silver VIP” status for FREE

arrow right iconGet Skrill “Silver VIP” for only €5,000

arrow right iconFREE Verification (no deposit required!)

arrow right iconPriority verification (less than 12 hours!)

arrow right iconFREE P2P (peer-to-peer) transfers

arrow right iconDiscounted 2.89% FX Fee (usually 3.99%)

arrow right iconExclusive eWalletBooster REWARDS dashboard

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