Skrill is one of the famous electronic payment systems that is supportive in many countries worldwide. It is a multifunctional payment portal with quick registration, easy use, and advanced capabilities. The system designs for quick and convenient settlements between users, regardless of which continent each is located on. Supports three base currencies:
A Few Points Regarding Pricing
There is no fee for opening and using an account; internal transfers for verified users have no restrictions on the amount (without verification – up to $2,000). Commissions for exchanging Skrill between system wallets are 0.5% (which is advantageous compared to other payment services). It is for exchanging between account currencies – 0.95%.
A particular advantage of this EPS is the convenience merchant offered for online stores, and this approach allows you to reduce the costs of accepting payments (in the system, the recipient pays by default). When using the API, rates change individually.
Despite the system’s many capabilities and advantages, users often must exchange Skrill for funds from other systems (Advcash, Perfect Money) and withdraw to VISA and MasterCard. All this is possible, and official rates set for these transfers directly in the system. They differ depending on the user’s package (remember that there is “Personal” for individuals and “Business” for legal entities).
As of January 2023, the Skrill system has set a tariff of 1.99% for all these withdrawal options, except Skrill exchange to a card for users of the Business package – 1.5% (if transactions involve one type of currency without the need for conversion).
Option to Reduce Costs on Withdrawal
It is often more profitable to use third-party services to withdraw funds. Let’s consider, as an example via the link, the exchange of Skrill to Perfect Money. Perfect Money USD recently added to the number of official withdrawal directions the Skrill system offers its users. This transfer is provided only for dollar and euro wallets.
However, it is worth noting an important nuance: in all exchange services, the rates differ; therefore, in addition to profitable offers, there may be very expensive rates and inadequate offers at the same minute. Therefore, analyzing the Skrill (Moneybookers) rate in different exchangers using https://www.bestchange.com/ monitor of reliable exchange websites is best.
There is nothing complicated in using exchange services; the procedure involves several simple steps and very little time. All you need is to fill out an application for exchange, indicate the data for receiving funds. Use the instructions to transfer the agreed amount to the exchanger’s wallet in Skrill, and then receive the money in your account in PM (or any other system that you need and was indicated in the direction of the transaction when submitting an exchange request).
Life Hack for Finding Exchangers
The difficulty lies not in the exchange itself but in finding an exchange office, and for this, the easiest way is to use the listing portal on the page (or an analog resource). With its help, you can quickly find the current exchange rates for electronic currencies at a given time, compare offers from different exchangers, and find a safe service. A reliable monitoring portal is free, which means you won’t lose anything.