Skrill Money Transfer Review: Fees, Features, and User Feedback

Skrill is a well-known digital wallet and money transfer service that allows users to send, receive, and store funds securely online. Founded in 2001 as Moneybookers, Skrill quickly became a popular choice for online payments, particularly in industries like gaming, forex trading, and e-commerce. Today, it is part of the Paysafe Group, a global leader in digital payments.

Skrill offers:

• Domestic and international money transfers
  
• Prepaid cards (in selected regions)
  
• Multi-currency accounts
  
• Instant payments to merchants and individuals
  

The service is widely used by both individuals and businesses looking for a fast and secure way to move money globally.

Where Is Skrill Available?

Skrill operates in over 130 countries and supports transactions in around 40 currencies. Its flexibility and global reach make it a favorite among digital nomads, freelancers, online shoppers, and gamers.

Some key regions where Skrill is especially popular:

• Europe: Strong presence with support for SEPA payments and local banking options
  
• Asia: Accepted by many merchants and increasingly used for remittances
  
• Americas: Available in many countries, but with some restrictions (e.g., certain U.S. states)
  
• Africa: Growing footprint, especially in partnership with mobile money services

How Skrill Works

Using Skrill is straightforward:

1. Sign up: Create a free account on the Skrill website or app and verify your identity.
2. Fund your wallet: You can add money via bank transfer, card payment, or receive funds from other users.
3. Send or spend: Send money to another Skrill user, withdraw to a bank account, or pay online at supported merchants.
4. Withdraw funds: Transfer to a bank, card, or withdraw cash using the Skrill Prepaid Mastercard (where available).

Skrill’s interface is designed to be user-friendly, with easy navigation between wallet features, transaction history, and settings.

Key Features of Skrill

Skrill distinguishes itself through several powerful features:

Instant Transfers

Skrill offers instant transfers to other Skrill wallets. This makes it ideal for paying freelancers, business partners, or friends and family.

International Money Transfers

Users can send money directly to bank accounts in over 100 countries. Fees and delivery times vary based on destination and payment method.

Multi-Currency Support

Skrill wallets can hold multiple currencies simultaneously, making it convenient for travelers and online traders. Currency exchange within the wallet is available at competitive rates (though margins apply).

Skrill Prepaid Mastercard

In the EU and UK, Skrill users can request a prepaid card linked to their wallet, usable online or at physical stores wherever Mastercard is accepted.

Security

Skrill uses:

• Two-factor authentication (2FA)
  
• Encryption technologies
  
• Fraud monitoring systems
  

to protect accounts and transactions.

Advantages of Using Skrill

Here’s why millions choose Skrill:

Quick and Easy Setup

Registration takes just a few minutes, and once verified, users can start sending or receiving money instantly.

Global Reach

Skrill’s international transfer service covers a wide range of countries, allowing users to send funds conveniently and often at lower costs than traditional banks.

Merchant Integration

Skrill is accepted by thousands of online merchants in sectors like:

• iGaming
  
• Forex
  
• E-commerce
  
• Streaming and entertainment
  

This makes it a flexible wallet for both spending and sending.

Low-Cost Peer Transfers

Sending funds to another Skrill user is often free or incurs a minimal fee, especially within the same currency.

Strong Security

Skrill’s advanced security features give users peace of mind that their funds and personal data are protected.

Disadvantages of Skrill

While Skrill offers many benefits, there are also points to consider before choosing it:

Fees

• Currency conversion fees — Skrill applies exchange margins (often 3–4%) on top of mid-market rates, which can add up.
  
• Dormancy fees — After 12 months of inactivity, Skrill charges a monthly service fee.
  
• Withdrawal fees — Depending on method (bank, card, crypto), withdrawal fees can be significant.
  

Availability Limitations

• Some services (e.g., prepaid card) are restricted to specific regions like the EU and UK.
  
• Skrill has limited functionality in the U.S. due to regulatory constraints.

Transfer Speeds

While transfers between Skrill wallets are instant, bank transfers or withdrawals can take several business days depending on the country and method.

Skrill Mobile App

Skrill’s mobile app is available on both iOS and Android, offering a streamlined way to manage funds on the go.

Key Features:

• View and manage multi-currency balances
  
• Send/receive money
  
• Pay online merchants
  
• Currency exchange
  
• Enable/disable prepaid card
  
• Access security settings, including 2FA
  

The app is highly rated for its clean interface and ease of use, with regular updates improving functionality and security.

Security and Compliance

Skrill takes security seriously and operates under FCA (Financial Conduct Authority) regulation in the UK, and complies with EU financial laws.

Security Measures:

• 2FA for login and transactions
  
• 256-bit encryption
  
• PCI-DSS compliance for card data
  
• Automated fraud detection systems
  

Skrill is also committed to AML (anti-money laundering) policies and requires users to verify their identity for full account access.

Customer Support

Skrill provides several support channels:

• Help Center: Detailed articles on common issues
  
• Email Support: Available globally, though response times can vary
  
• Phone Support: Limited to some regions, often focused on business accounts
  
• Chatbot: Basic assistance via the website/app
  

User feedback: Support quality receives mixed reviews, with some users reporting slow responses for complex issues.

Company Background

Skrill was founded in 2001 in the UK under the name Moneybookers. It quickly established itself as one of the first e-wallets focused on online gambling and trading payments.

Main dates:

• 2007: Moneybookers is acquired by Investcorp.
  
• 2011: Rebrands as Skrill to reflect its broader ambitions in digital payments.
  
• 2015: Skrill becomes part of Paysafe Group, which also owns Neteller and other payment brands.
  
• Today: Skrill serves both personal and business clients, offering a comprehensive suite of payment tools.
  

Headquartered in London, UK, Skrill also has offices in Europe, North America, and Asia.

Awards and Recognitions

Skrill has been recognized for its innovation and security in the financial technology sector:

• Best Digital Wallet 2019 — Global Payment Awards
• Payment Innovation Award — EGR B2B Awards
• Finalist in Best Prepaid Card categories at multiple financial awards
• Recognized for anti-fraud measures and compliance excellence
  

Its parent company, Paysafe Group, is also regularly included in top fintech and payments rankings globally.

Interesting Facts About Skrill

Here are some noteworthy facts that make Skrill stand out:

• Skrill was one of the first digital wallets accepted by major online gaming platforms.
  
• Skrill supports cryptocurrency purchases directly within the wallet (Bitcoin, Ethereum, Litecoin, and others).
  
• Skrill sponsors global sports teams and events, including partnerships with AC Milan and major esports tournaments.
  
• Skrill’s prepaid Mastercard is a favorite among digital nomads for managing expenses while traveling.
  
• Skrill offers a VIP program with lower fees, dedicated support, and additional benefits for high-volume users.
  

Final Thoughts

Skrill has carved out a strong position in the world of digital payments thanks to its:

• Global reach — supporting users in 130+ countries
• Flexibility — with multi-currency wallets and various funding/withdrawal options
• Security — robust systems to protect users
• Specialized tools — like crypto support and prepaid cards

However, potential users should weigh:

• The impact of fees (especially conversion and withdrawal fees)
• Regional availability of certain features
• The responsiveness of customer support

Skrill remains a popular choice for online payments, freelancers, traders, gamers, and those looking for alternatives to traditional banking.