Skrill Money Transfer Review

Exchange rates, Payment methods, How to, Transfer fees and much more

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Skrill Review

If you are looking to do a money transfer, it can be confusing to sort through the many options out there.

How do I know my money will be safe? How quickly will the receiver get it? And more importantly, how much is it going to cost?

This is Skrill Money Transfer, a service that allows you to transfer money overseas to a bank account. Skrill is known for its low fees and convenient money transfer app.

If you’d like to know if this service is the best option for you, keep reading. This Skrill Money Transfer review will tell you everything you need to know.

What Is Skrill Money Transfer?

Skrill Money Transfer is a payment service that allows customers to send money overseas. Skrill is popular because of its speed and low cost.

There are two options for the receiver. They can receive the money to their bank account, or to their Skrill mobile wallet (more about that later). Skrill makes it easy as you only need the receiver’s account details, address, and name to make a transfer.

The process for you as a sender is also simple. The first step is opening an account with Skrill. Transfer can be sent from or from the Skrill mobile app.

It’s important to use the right service, as Skrill also offers two options for money transfers. The other is the “Skrill to Skrill” option, which many customers have said is slower and less convenient.

What Services Does Skrill Offer?

Initially Skrill started as an ecommerce payment provider. It used to only provide payment services with a specialty in the gambling sector. Now, it offers Skrill Money Transfer as well as Skrill Mobile Wallet.

If you open an account for a money transfer, you will also get access to the wallet service. You can use your credit or debit card, bank transfer or SOFORT to fund the transfer.

How to Send Money With Skrill Money Transfer

Here's how to send money with Skrill:

  1. The first step in transferring money online with Skrill is to sign up and get a free account. Click “Register” on the homepage.
  2. Skrill requires you to verify your identity before using the service. Expect to provide the following information and documents:
    • Your name and date of birth
    • National identification number
    • Proof of address such as a utility bill (note this must be less than three months old) or bank statement
    • A copy of an identification document such as a passport or drivers licence
    • A photo of you holding your ID document
  3. Now you can start your transfer by providing the necessary details for the receiver and the transfer including:
    • The transfer amount
    • The currencies involved
    • The receiver’s name and address
    • What country the bank is located in, which is sometimes not the same as the receiver's country
    • Details of the receiver’s bank code, account number or IBAN.
    • Reason for sending
    • Any message for the receiver
  4. Once this is done, you just click “Send” and your money transfer will be funded with the payment method you selected.
  5. Skrill will send confirmation that your transfer is on the way.

Skrill Mobile Apps

For sending money on the go, Skrill’s mobile apps are highly rated. For example, on the App Store it boasts a 4.5 out of 5 rating. In addition to iOS, Skrill is also available on Android.

The apps are just as capable as Skrill’s online money transfer website. You can use the apps to make international money transfers, online payments and even exchange cryptocurrency. No matter where you are you’ll be able to access your wallet or send money.

Other Money Transfer Providers

How to Use the Skrill Mobile App to Send Money

Here's how to use the mobile app to send money:

  1. Log into the Skrill app and click on Send Money
  2. As with the process above, you’ll need to enter details of the payment
  3. Enter the recipient’s details
  4. Enter the amount of the transfer and confirm the converted amount in foreign currency
  5. Click on Send

What Are Skrill's Fees and Exchange Rates?

Curious about the reason why Skrill is so popular among other money transfer companies? At the very top of the list is the low fees that customers pay.

For sending money to a bank account overseas, Skrill does not charge a transfer fee. Unlike some other services, using a debit or credit card instead of a bank account doesn’t matter. You still won’t have any additional fees charged.

As for exchange rates, it’s important to understand the exchange rate most companies use.

If you check a rate on a search engine, the rate you’ll see is the mid-market exchange rate. This is the rate banks and big corporations use among themselves for changing large amounts of money - in the millions usually.

For the average person, the rate you will get when changing money won’t match this rate. This is because banks and money transfer companies add a margin to the rate. This way, they make a profit on the transfer.

Many companies claim to offer transfers with no fees. However, they build the fee into the exchange rate. That way it’s hidden, but you still pay more.

Skrill Money Transfer, however, offers slightly below the mid-market exchange rate for its services. So whatever the real exchange rate is that you see, it’s what you’ll get. Transparency on fees is a huge plus for Skrill customers.

Alternatives To Skrill Money Transfer



is a well known and well-reviewed alternative to Skrill Money Transfer.

Since Transferwise has been in operation longer, it has many more reviews. Transferwise also proudly publicises its transparent transfer fees. The company is highly rated on review sites such as Trustpilot.

On the other hand, Skrill's fees and exchange rates are often lower than Transferwise. They also offer a quick service, and have a convenient mobile app for sending on the go. Like Transferwise, Skrill has great reviews from customers.



You can use Remitly money transfer, which boasts an app and has great customer reviews. You can send to over 49 countries around the world using Remitly. The exchange rates and fees are competitive.

However, the fees with Skrill are usually lower.



Remitbee especially understands the needs of people sending money back home to friends and family. It has low exchange rate margins, which keeps more of your money in your pocket.

A disadvantage though, is that Remitbee is currently limited to sending transfers only from Canada.



Another option you may be looking at is WorldRemit vs Skrill. WorldRemit, however, is not the cheapest option usually for large transfers or to bank accounts.

The company is also not transparent about fees. It makes money by charging an exchange rate margin.


Sending Money With a Bank or Offline Transfer Company

Maybe you’re not comfortable with the idea of using an online money transfer service. Or, you feel that the traditional way of sending with a bank or your neighborhood money transfer service is what you’re used to.

Banks do have the advantage of being more well known. Many people use banks because they seem secure, and they don’t know of an alternative.

You may be shocked to learn, however, that using a bank to transfer money is the priciest option you can pick.

Banks may have been the best way in the past, but they can’t compete with modern transfer options.

One disadvantage is that your receiver needs to have access to a bank branch. You as the sender also need to find a branch and stand in line to wait and send the transfer. A quicker and easier way is sending with an online money transfer service like Skrill.

When you compare this to the lower fees with money transfer apps and websites the choice is clear.

What about money transfer companies like Ria or Western Union? Often you can find a branch in your local neighborhood. They even have locations in supermarkets and other places where you go often.

However, these companies are just as pricey as banks. They often only accept cash from you as a sender, which limits how you can send. Even though the location and speed may be convenient, you will be paying for it. Their fees are high, especially for small amounts.


Skrill Money Transfer Speed

Skrill Money Transfer is pretty fast when it comes to transfer times. In most cases money will be delivered to the recipient on the same business day. Depending on what you choose for the payout method or your funding method though, it may be longer. In these cases expect three to five business days for a transfer to go through.

Skrill Ease of Use and Security

Is it safe to use Skrill Money Transfer? It may be the first time you’re using a service like this to transfer money. You’ll want to make sure that the company is a trustworthy one.

Skrill is a well-known company in the payments space. It has been in existence since 2001. In the industry, it’s seen as a leader in payments for both individual customers and businesses.

Though they started off with processing payments for people buying things online, they have expanded. Now, Skrill is trusted for sending money overseas to family or friends and even helps businesses with their money transfer needs.

The company says it is used by millions of customers to make payments of all kinds. It is owned by Paysafe, which has over 20 different branches around the world.

In the various countries where it operates, Skrill is authorized and regulated by government bodies.

  • In the UK, by the Financial Conduct Authority (FCA)
  • In the US, by the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN)

Skrill Money Transfer Pros and Cons


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    Skrill’s fees and exchange rates are some of the best in the industry

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    Transfers with Skrill are quick and convenient

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    Operates in a large number of countries

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    Great reviews from customers

  • Cons

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    Number of countries Skrill is available in is limited

  • proscons icon

    Number of countries Skrill is available in is limited

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    High fees if you choose the “Skrill to Skrill” option

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    Some customers have reported problems with verification

  • All the Countries You Can Send Money to With Skrill Money Transfer

    When researching if Skrill is right for you, it’s best to check if it’s available in the country you’re sending to.

    Skrill can send money FROM these countries:

    • Andorra
    • United Arab Emirates
    • Australia
    • Austria
    • Belgium
    • Bulgaria
    • Bahrain
    • Canada
    • Switzerland
    • Colombia
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland,
    • France
    • Germany
    • Greece
    • Hong Kong
    • Hungary
    • Iceland
    • India
    • Ireland
    • Israel
    • Italy
    • Jordan
    • Kuwait
    • South Korea
    • Latvia
    • Lithuania
    • Luxembourg
    • Malaysia
    • Malta
    • Morocco
    • the Netherlands -New Zealand
    • Norway
    • Oman
    • Poland
    • Portugal
    • Qatar
    • Romania
    • San Marino
    • Saudi Arabia
    • Serbia
    • Singapore
    • Slovakia
    • Slovenia
    • Spain
    • Sweden
    • Taiwan
    • Thailand
    • Tunisia
    • Turkey
    • South Africa
    • United Kingdom

    Skrill can send money TO these countries:

    • Austria
    • Australia
    • Bangladesh
    • Belgium
    • Cyprus
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • India
    • Indonesia
    • Ireland
    • Italy
    • Kenya
    • Latvia
    • Lithuania
    • Luxembourg
    • Malaysia
    • Malta
    • Monaco
    • Nepal
    • Netherlands
    • Poland
    • Philippines
    • Portugal
    • San Marino
    • Slovakia
    • Slovenia
    • Spain
    • Sri Lanka
    • Thailand
    • United Kingdom
    • Vietnam

    Frequently Asked Questions About Skrill

    Skrill is a pretty trustworthy business that has been around for about two decades. It’s licensed and regulated around the world in the various places where it operates. Due to its mixed reviews on Trustpilot it ranks slightly lower on the credibility scale. However, you can be confident that the company is legitimate.

    One drawback of Skrill is that there is a limit on the amount you can send or withdraw. This depends on the verification level of your account. You’ll know in advance, as the limits are displayed when you make a request.

    It also has a limit on how much you can deposit using a card in any 60-day period. Be mindful of this if you send transfers often. It may be best to send the entire amount up front rather than breaking up the transfers into smaller amounts.

    The good thing is, your limit will be reset once 60 days from the first deposit passes. Skrill makes it easy to understand when your limit expires. You can also apply to increase your limit.

    Skrill Wallet

    Skrill’s service Skrill Wallet is their own system for sending transfers. With this service you can have a receiver get money in their corresponding wallet. The process is simple

    You start by uploading funds to a Skrill account or wallet. To do this, you can use a local payment option or a credit card. The money is visible in your wallet immediately.

    Note however, that there is a fee to add money to the wallet, and this can be up to 7.5 percent. The fees vary according to your location and what method you use for funding.

    It’s important to realise that these are higher than other transfer providers. This is because with another provider you would not need to upload funds. You only transfer money when you want to actually make a transfer.

    For uploading or depositing currencies, i.e., currencies you can send from, Skrill Wallet is available in:


    For receiving currencies or currencies that a sender can receive in, Skrill Wallet is available in:


    The History of Skrill

    Skrill got started as the company Moneybookers in 2001. Since then, it has grown and evolved. Now it offers a number of financial services.

    The aim of the company was originally to simplify the process of paying. Since it has a past in payment platforms, it is specialised in moving money. Back then there was a rush to develop a digital wallet. PayPal succeeded in doing this on a larger scale, but Skrill was still successful. Currently, Skrill is owned by Paysafe, a multinational online payments company.

    Is Skrill Money Transfer Right For You?

    The service you choose to send money online can make a huge impact on the cost and speed of your transfer.

    Hopefully this article has made your decision on if Skrill Money Transfer is right for you a bit easier. For more helpful articles on finance, money transfers and more,check out our blog. If you’re not convinced, Remitbee could be an alternative to look at. Check out their site to see if they fit your money transfer needs.

    Try Remitbee today and get a 15$ bonus for your first transfer!

    Best exchange rates, one-day delivery, free transfers over 500$ and amazing customer support! Too good to be true? How about a sweet 15$ bonus towards your first transfer? Just give us a shot!