Skrill Review: Everything you need to know about the payment system

So, in this Skrill review, we’ll walk you through all the benefits, covering Skrill charges, exchange rates, debit card and credit card options, and more.

What is Skrill and how does it work?

Skrill is an online payment system that was established back in 2001 in the UK, but as a moneybooker. Using Skrill, users can send and receive money from all around the world. It works pretty much like PayPal, but hasn’t gained similar popularity up to this moment. 

In the early 2000s, when PayPal had turned its back to the gambling industry, Skrill was considered a good alternative to PayPal. Until this day, Skrill has remained one of the biggest and most welcomed web wallets all over the world.

Creating a Skrill account is easy and free of cost. Making payments with Srill is easy, safe and secure. Having only the email address and password, users can pay for the goods and services they have bought. Also, users of the system can easily transfer money between their Srill account and their linked bank account and also withdraw money from ATMs that accept Skrill.

Is Skrill safe?

Skrill’s past association with the gambling industry has concerned many users who have chosen it as their payment system. However, it is worth mentioning that Skrill was founded and is still working under UK law, where gambling is legal. So, we must not forget that Skrill runs a completely legitimate and reliable business and you can rely on it with no hesitation.

Before starting to use Skrill, make sure to read their privacy policy, terms and conditions to make sure what you are agreeing to. And let’s not forget that no matter how safe or reliable a service is, it is still the customer's duty to safeguard their privacy by protecting their private data from being exposed or shared.

Skrill fees

Skrill fees vary greatly depending on the currency and country you are initiating the payment from. However, if you are sending money internationally, you will be charged with a fixed fee. Also, in case you don't use your Skrill account for a while, it will become inactive and inactive Skrill accounts are charged with a fee of $5 per year. So make sure to withdraw your money and close your account if you do not aim to use it for the next 12 months. 

Looking for a more cost-effective option than Skrill? Visit: Perfect Money vs. Skrill

Pros and cons of Skrill

Pros of Skrill:

• Skrill offers both personal and business accounts.
• Skrill accounts are very safe and secure. 
• Skrill offers a prepaid card that can be linked to your Skrill account and used to withdraw money from ATMs.
• Skrill has different versions that can be used both  through your web browser and mobile phone with a Skrill app, designed for both Android and IOS.

Cons of Skrill: 

• The verification process on Skrill is very much time consuming.
• If you encounter an issue with Skrill, it will take so much time for you to be able to resolve it properly.
• Skrill customer support is limited since it does not offer live chat. There is a chat bot, but that doesn't contact you to an actual support member. 

Security of Skrill 

Skrill’s level of security is the same as bank services. Your login information, personal information, and all financial transactions are secured using Secure Socket Layer (SSL) technology, which is VeriSign-certified and uses high-security 128-bit encryption.

Looking for an alternative to Skrill? Visit: Webmoney vs. Skrill

Skrill customer support 

As mentioned above, Skrill does not offer live chat. There is a chatbot named Sofia, but you won't be connected to a real customer support agent through it, and it's only accessible to current subscribers. 

Conclusion 

If you are looking for a good alternative to Skrill, PayPax is one of the greatest. You just pay the exchange rate displayed in the search engine plus a tiny, transparent fee; there are no markup fees. You can hold your funds in a secure internal wallet or exchange it for more than 50 other famous currencies. Opening a PayPax account is completely free. 

Here are some of the main features of PayPax: 

🔸Sending and receiving money abroad with transparent and small fees

🔸Instant and easy deposits and withdrawals

🔸Variety In supported currencies 

🔸Referral bonuses

🔸Secure internal wallet

🔸24/7 live customer support