May 12, 2020 Skrill's review. Skrill is a Great money transfer service (8.3/10) recommended by Monito. Skrill is very often the cheapest option and provides very competitive fees and rates (10/10), is easy to use (8.5/10), is speedy (10/10), and is a long-established company, trusted by a large number of customers who give it a very high number of positive reviews on TrustPilot (9.5/10). .If you haven't made any deposit to your Skrill account, or have deposited via NETELLER, paysafecard or BitPay, a higher fee of 4.49%, min 0.50 EUR will apply. Free Receive money.
- Skrill Charges For Deposit Charges
- Skrill Charges For Deposited
- Skrill Charges For Deposit Bonus
- Does Skrill Charge Fees
- Skrill Charges For Deposit Transaction
- Skrill Charges For Deposit Money
Card schemes are payment networks linked to payment cards, such as debit or credit cards, of which a bank or any other eligible financial institution can become a member. By becoming a member of the scheme, the member then gets the possibility to issue cards or acquire merchants operating on the network of that card scheme.
Types[edit]
The card schemes come in two main varieties - a three-party scheme (or closed scheme) or a four-party scheme (or open scheme).
Three-party scheme[edit]
A three-party scheme consists of three main parties as described in the adjacent diagram.
In this model, the issuer (having the relationship with the cardholder) and the acquirer (having the relationship with the merchant) is the same entity. This means that there is no need for any charges between the issuer and the acquirer. Since it is a franchise setup, there is only one franchisee in each market, which is the incentive in this model. There is no competition within the brand; rather you compete with other brands.
Examples of this setup are Diners Club, Discover Card, and American Express, although in recent times these schemes have also partnered with other issuers and acquirers in order to boost their circulation and acceptance, and Diners Club now operates as a four-party scheme in many regions.
Four-party scheme[edit]
In a four-party scheme, the issuer and acquirer are different entities, and this type of scheme is open for other institutions to join and issue their own cards. This is the type of card scheme used by brands such as Visa, Mastercard, Verve Card, UnionPay and RuPay (Indian). There are no limitations as to who may join the scheme, as long as the requirements of the scheme are met.
These transactions are free:
- Paying a merchant directly from your Skrill wallet
- Receiving money to your Skrill account
- Sending money to an international bank account with Skrill Money Transfer
Skrill Charges For Deposit Charges
Local payment methods
Global payment methods
Please note that if you use your credit card for gambling purposes your issuer may charge a ‘cash advance' fee. This fee is outside Skrill’s control, and we receive no part of it.
Local payment methods
Global payment methods
Skrill Money Transfer
International Transfer
FreeNo fee when you use Skrill Money Transfer to send money to an international bank account.
International transfer in the same send and receive currency only
International transfer exchange rate mark-up
Up to 4.99%Exchange rate mark-up fee per transaction.
Domestic Transfer
Up to 2%Domestic fee per transaction. This fee will be charged when the transfer begins and ends in the same country.
Receive money
FreeSkrill Money Transfer does not charge recipients any fee to receive
Skrill to Skrill
Send money
1.45%*1.45%, min 0.50 EUR fee is applied if you have funded your wallet via Card or Bank Account.
*If you haven't made any deposit to your Skrill account, or have deposited via NETELLER, paysafecard or BitPay, a higher fee of 4.49%, min 0.50 EUR will apply.
FreeReceive money
Receiving money is always free of charge
You will see the applicable fee before you complete your transaction.
Keep Skrilling
Your Skrill account is free for personal use as long as you log in or make a transaction at least every 12 months.
Skrill Charges For Deposited
Otherwise a service fee of EUR 5.00 (or equivalent) will be deducted monthly from your account.
Currency conversion
Skrill Charges For Deposit Bonus
For transactions involving currency conversion Skrill adds a fee of 3.99% to our wholesale exchange rates. The exchange rates vary and will be applied immediately without notice to you.
If your Skrill Account is denominated in a currency other than Euro, your Cryptocurrency Transactions will be subject to currency conversions. In this case, we will apply foreign exchange fee of 1.5%.
Prepaid card fees
Our fees are transparent, so you always know where you stand. Here are the fees we charge for using our Skrill Prepaid Mastercard®:
Does Skrill Charge Fees
- 10 EUR card application
- 10 EUR annual fee
- 3.99 % FX fee
- 1.75 % ATM fee
- POS transactions are free
- Skrill virtual card application – first is free, any subsequent card is 2.5 EUR.
Skrill Charges For Deposit Transaction
Simple and transparent fees
Skrill Charges For Deposit Money
Crypto Buy / Crypto Sell | Fee: |
|---|---|
| Transactions up to EUR 19.99 | EUR 0.99 per transaction |
| Transactions between EUR 20 – EUR 99.99 | EUR 1.99 per transaction |
| Transactions above EUR 100 | 1.50 % per transaction |
Crypto P2P | Fee: 0.50 % per transaction |
Important Please note that the Skrill Cryptocurrency Service is not regulated by the Central Bank of Ireland. | |
In accordance with the Skrill Account Terms of Use:
| Provision of inaccurate or untruthful information and lack of cooperation fee (s. 4.5) | up to EUR 150 |
| Chargeback fee (s. 8.3) | EUR 25 per chargeback |
| Attempted cash upload fee (s. 8.12) | EUR 10 per upload |
| Prohibited Transactions fees (s. 11) | up to EUR 150 per instance |
| Reversal of a wrong transaction fee (s. 12.7) | up to EUR 25 per reversal attempt |