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What is Skrill ? How to Use Skrill ? Benefits, Features & Complete Guide 2025
Skrill is one of the world’s most popular digital wallets and online payment systems. In this detailed guide, we will cover what Skrill is, how to use Skrill, benefits of Skrill, fees, pros & cons, and frequently asked questions. If you’re a freelancer, online shopper, or business owner, this guide will help you decide whether Skrill is the right choice for you.
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Introduction to Skrill
Skrill, originally launched as Moneybookers in 2001, is a UK-based online payment service regulated by the FCA. It allows users to send, receive, and store money in multiple currencies. With support for 120+ countries and 40+ currencies, Skrill is especially popular among freelancers, online traders, and businesses.
Key Features of Skrill
- Send and receive money worldwide.
- Supports 40+ currencies in 120+ countries.
- Low-cost transfers compared to banks.
- Prepaid Skrill Mastercard for shopping & ATM withdrawals.
- Crypto trading (Bitcoin, Ethereum, etc.).
- Two-factor authentication for security.
- Accepted on e-commerce and gaming platforms.
How to Create a Skrill Account
- Go to www.skrill.com.
- Click Register and enter your details.
- Select your preferred currency.
- Verify your email.
- Upload ID and address proof for verification.
- Start using your Skrill account.
How to Use Skrill (Step by Step)
Adding Money
- Via credit/debit card
- Bank transfer
- Other wallets
- Crypto
Sending Money
- Login to Skrill
- Click "Send"
- Enter email and amount
- Confirm transaction
Withdrawing Money
- Bank withdrawal (1–5 days)
- Skrill card withdrawal
- ATM via Skrill Mastercard
Benefits of Skrill
- Global availability (120+ countries).
- Instant money transfers.
- Supports cryptocurrency trading.
- Lower fees than banks.
- Accepted on thousands of websites.
Drawbacks of Skrill
- High currency conversion fees (3.99%).
- Inactivity fees after 12 months.
- Verification process may take time.
Skrill Fees & Charges
- Sending to Skrill users: Free
- Funding account: 1%–5%
- Withdrawal fee: €5.50 flat
- Currency conversion: 3.99%
- Crypto trades: 1.5%–3%
Skrill vs Other Payment Platforms
| Feature | Skrill | PayPal | Payoneer |
|---|---|---|---|
| Countries | 120+ | 200+ | 190+ |
| Currencies | 40+ | 25+ | 150+ |
| Crypto Support | Yes | No | No |
| Fees | Low | Moderate | Low |
Pros & Cons of Skrill
| Pros | Cons |
|---|---|
| Fast global transfers | High currency conversion fee |
| Supports crypto | Inactivity fee after 12 months |
| Accepted by many online platforms | Verification takes time |
| Skrill Mastercard available | Not as widely accepted as PayPal |
Frequently Asked Questions (FAQs)
1. Is Skrill safe?
Yes, Skrill is FCA regulated and uses advanced encryption and 2FA security.
2. Can I use Skrill in India?
Yes, but services are limited. You can use Skrill for forex, freelancing, and international transfers.
3. How long do withdrawals take?
Bank transfers: 1–5 days. Skrill card: Instant to a few hours.
4. Can I buy Bitcoin with Skrill?
Yes, Skrill supports Bitcoin, Ethereum, and other cryptos.
5. Does Skrill charge inactivity fees?
Yes, €5 per month if inactive for 12 months.
6. Can freelancers use Skrill?
Yes, many freelancers use Skrill to receive international payments.
7. Does Skrill offer a prepaid card?
Yes, the Skrill Mastercard can be used online, in stores, and ATMs worldwide.
8. What are Skrill VIP levels?
VIP levels offer benefits like lower fees, higher limits, and account managers.
9. Can I cancel a Skrill transfer?
No, Skrill transactions are instant and cannot be reversed once sent.
10. Is Skrill better than PayPal?
Skrill is cheaper for international transfers and supports crypto, but PayPal has wider global acceptance.
Conclusion
Skrill is a reliable, fast, and cost-effective global payment solution. With features like multi-currency support, crypto trading, and a prepaid card, it’s an excellent choice for freelancers, businesses, and individuals making international payments. However, you should be mindful of currency conversion fees and inactivity charges. Overall, Skrill remains one of the best PayPal alternatives in 2025.