A breakdown of all Skrill fees and limits. We also show you how to get a much better deal with them by linking up with eWalletBooster.
October 10, 2022, London
Navigating through the various Skrill fee and limit schedules can be time-consuming, and sometimes it can be difficult to find the information you require as there are many different factors affecting the fee structure.
We’ve put together this updated guide to help explain the different fees and limits and offer a comparison of the two between different VIP levels.
Table of Contents:
One thing to note before you continue reading is that when you progress from a non-VIP to a VIP, your fees are drastically reduced and your limits are a lot higher. If you are not yet a VIP member, we can help sort this out for you. Click here to Become a Skrill VIP with eWalletBooster.
To quickly check your personal fees and limits, log in to your Skrill account and start to make a deposit, transfer, withdrawal, etc. The limits and fees applied to your account will be displayed clearly under the transaction popup.
There are many methods that are available to use to deposit funds at Skrill.
The fee for most Skrill deposits is 1%, but for some countries and payment methods, a fee of 2.5% is applied.
Most regular deposits, such as bank transfers and credit/debit cards, incur a fee of 1%.
This is in contrast to Neteller deposit fees, where most standard deposits cost 2.5% (with the exception of deposits over $20,000 which are free of charge at Neteller).
As there are hundreds of country, currency, and method combinations available, it would not be possible for us to list all the fees here.
To find the specific fee for your currency, country, and method, please use the dropdown filter on Skrill’s fee page, as noted above.
Skrill accounts don't have one hard-and-fast deposit limit; they vary based on several factors.
Whilst verified Skrill accounts do have large deposits limits and are certainly enough to cover the vast majority of user’s requirements, if you want to know your deposit limits for a particular deposit method, please follow the steps below:
Login to Skrill and click on Deposit > Select your desired deposit method. In this example, we will use Rapid Transfer.
On the next page, you enter your bank account details, and then you will see the minimum and maximum deposit limits.
In this example, for verified but Non-VIP accounts, the minimum deposit is $1.22, and the maximum deposit is $2,432.64.
As with deposit options, there are numerous ways to withdraw your funds.
The fee will be determined by method and by your VIP status. Bank withdrawals are free for all VIP levels (Silver, Gold, and Diamond).
For Non-VIP’s, the withdrawal fees are:
|Bank Transfer Withdrawal||$6.70 USD|
|Credit/Debit Card Withdrawal||7.5%|
Your Skrill withdrawal limits depend (again!) on your VIP status and the method into which you choose to request your funds be withdrawn.
The process for finding out your Skrill withdrawal limits is similar to how you find your deposit limits:
Skrill has two prepaid card options. The regular physical Skrill Card and the virtual prepaid MasterCard.
Both prepaid MasterCards are available only in the EEA (European Economic Area) and the UK.
Your MasterCard fees and limits will be determined by your VIP level and currency. The comparison table below shows the amounts in euros (€). Those that use non-Euro currency will be charged the current equivalent exchange rate of Euros to their local currency.
You can check your limits in your Skrill account currency by doing the following:
|MasterCard Application Fee||€10||Free||Free||Free|
|Cash Withdrawal Limit||€900/per day||€1,500/per day||€3,000/per day||€5,000/per day|
|ATM Withdraw Fee||1.75%||Free||Free||Free|
|POS Limit||€2,700/per day||€3,000/per day||€5,000/per day||€10,000/per day|
|Cancelled Card Replacement||€2.50 EUR|
|Annual Service Fee||$10.00 USD|
|Max Per Transaction||€2,600|
|Max Purchases per 24 hours||10|
|Max POS Purchase per 24 hours||€2,600|
There have been numerous changes to the Skrill P2P over the last couple of years, the most recent of which is Skrill True.
Skrill True is a new membership level that can be easily achieved by all Skrill customers.
To become a Skrill True member, you simply need to complete the following steps:
*Does not include Paysafecard or Paysafecash
The main benefit of becoming a Skrill True member is that you will benefit from FREE P2P Transfers, regardless of your VIP level.
Please see the table below to compare Skrill-to-Skrill P2P transfer fees according to your VIP status and whether you are Skrill True.
|Non-VIP, Non-Verified||Non-VIP, Verified||Silver VIP||Gold VIP||Diamond VIP|
|Skrill to Skrill (P2P)||2.99%||Free||Free||Free||Free|
To summarise, the key points regarding the Skrill P2P fee structure are as follows:
The minimum amount for Skrill-to-Skrill transfers is $0.01 / €0.01.
The maximum amount is dependent on your VIP level but generally the limits for P2P transfers are high so you should be able to transfer the amount you request.
To check the Skrill P2P limit please do the following:
Many countries have limited options for receiving funds because of issues such as lack of access to bank accounts. This often leads to users sending funds between various e-money services - in this case, Skrill to Neteller (or vice versa).
The fee for P2P transfers between Skrill and Neteller is 3.49%, though this drops as you gain VIP tiers.
Follow the instructions below to send money from Skrill to Neteller:
Skrill uses a reliable interbank rate provider for their FX transactions you can be assured that you are getting a fair rate.
The FX fee you're charged depends on your VIP Level.
Below you will see a comparison of the FX fees according to the VIP levels. Please note that your assigned VIP level will determine your FX fee for all types of transactions, including your prepaid MasterCard.
|Skrill FX Conversion Fee||3.99%||2.89%||2.59%||1.99%|
Skrill now functions as a cryptocurrency exchange, allowing users to buy, sell, and trade a select few cryptocurrencies that are supported by the platform. The fees are quite straightforward, varying only based on how much you transfer, as shown below.
|Up to €19.99||€20.00 - €99.99||€100+|
|Buy Crypto||€0.99 per transaction||€1.99 per transaction||1.50% per transaction|
|Sell Crypto||€0.99 per transaction||€1.99 per transaction||1.50% per transaction|
|Crypto P2P||0.50% per transaction||0.50% per transaction||0.50% per transaction|
As usual, if your account is in a different currency to EUR, you will pay the currency equivalent.
There are a number of additional fees that Skrill charge. Whether you are considering opening a Skrill account or you are a longstanding existing customer, it is useful to consider these additional fees to see whether you are affected.
Note that most users rarely (if ever) encounter any of these fees - especially if they follow the Skrill Terms and Conditions to which they agreed.
|Inaccurate or untruthful information & lack of cooperation||Up to €150|
|Chargeback fee||€25 per chargeback|
|Attempted ashback upload fee||€10 per upload|
|Prohibited transactions fee||Up to €150 per instance|
|Reversal of a wrong transaction fee||€25 per reversal|
Upon registering with Skrill, you must agree to their terms and conditions. These are laid out here, and you can find the specific (relevant) subsection listed in each following section.
If you are found to have provided inaccurate or untruthful information and do not cooperate as instructed by Skrill within 6 months, then they reserve the right to charge you a fee of up to €150 EUR. T&C 4.5.
If you make a Skrill deposit from a payment method, such as a credit card, that allows you to claim funds back via a chargeback and the reason for the chargeback is anything other than an unauthorised use of your card, Skrill will charge you €25.00 EUR or your local equivalent. T&C 8.3.
This fee mainly affects customers who are operating an account for business-related purposes. Essentially if you are receiving funds for any of the following categories, then you could be liable to pay this fee while Skrill investigates your account.
Please note that the excluded categories are not solely limited to the list above. If you're unsure whether your business will meet or fail these categories, reach out to Skrill customer service before continuing. T&C's 11.
When you request a withdrawal from Skrill via the money-out options, you should always take great care when entering bank details, IBAN, BIC etc details, especially if the withdrawal is for a large amount.
If you enter incorrect details and the payment is sent to the wrong place, you can request Skrill to help you with recovering the funds. However, an administrative fee of up €25 will apply.
Please note that paying the administrative fee does not guarantee that your funds will be returned, so again, please take the utmost care when requesting bank withdrawals. T&C 12.7.
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