How To Make Money With Moneybookers – Founded in 2001, Skrill was one of the very first e-wallets. It works in 200 countries worldwide and supports 40 different currencies. It offers online payment and money transfer services, ATM withdrawals and a range of prepaid debit cards.
Customers add funds to their wallets using options including bank transfers and credit cards, and confirm payment with their Skrill log-in. At the same time they can enable Skrill ‘1-Tap’ to pay for future purchases with the click of a single button.
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Market share details Skrill cites 40 million users worldwide and a customer base of 170,000 online merchants, giving it a wide reach worldwide.
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Asia Pacific, Eastern Europe and CIS, Middle East and Africa, North America, South and Central America, Western and Central Europe
Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Burundi, Cameroon, Canada , Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Dem. Rep., Congo, Rep., Costa Rica, Cote d’Ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Ethiopia, Finland, France, Gabonland, Gambia, Georgia, Germany, Ghana, Greece, Guatemala, Guinea, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya Kosovo, Kuwait, Kyrgyz Republic, Lao PDR, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Mali, Malta, Mauritania, Mauritius, Mongolia, Mongolia, Molde, Mexico, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, North Macedonia, Norway, Oman, Pakistan, Palestine, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Romania, Russia, Rwanda, San Marino, Saudi Arabia, Sen England, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Somalia, South Africa, South Korea, Spain, Sri Lanka, Sudan, Swaziland, Sweden, Switzerland, Syrian Arab Republic, Taiwan, Tajikistan, Tanzania, Thailand, Togo, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe
Discover how the world pays for things by exploring our e-commerce reports. We have one for every country on earth.
Asia Pacific Eastern Europe and CIS Western and Central Europe North America South and Central America Middle East and Africa
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Whether you have a question about e-commerce marketing or want to know more about what we can do for your business, the friendly people on our sales team are happy to help. For a successful business, you need to accept payments both digitally and physically. Now, we know that people abroad transact exclusively through digital means.
Therefore, it is important for us to have a platform where all transactions can be done in a secure manner.
Now, we know PayPal allows us to do the same but it’s a major platform which means its fees are also very high. We have a competitor to PayPal called Skrill that also offers national and international payments and almost everything that PayPal offers.
So in this article, we are going to do a Skrill review where you will know about everything that Skrill has to offer.
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One important thing to note here is that Skrill was launched in 2001 but back then, Skrill was not named as it is now. At the time, the platform was called Moneybookers.
So we like to call this Skrill Moneybookers review because they are the same. At the moment, Skrill claims that they have 40 million active users worldwide and that they support 200 countries and 40 different currencies.
But before that, the question also arises why you want to switch to Skrill instead of PayPal which is a much bigger and known name in the industry.
Well, it’s worth noting that PayPal is a platform with many limitations right now. For example, PayPal does not allow accounts from online casinos and the gambling industry.
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However, Skrill is a platform where the threshold for creating an account and transacting online is low which means that a new player can easily use the platform.
Now that we have a reason to switch to Skrill, transferring money is the main thing we do on this platform so let’s start with the Skrill money transfer review.
So we want to let you know that from Skrill, you can transfer money through different methods like direct transfer to your bank which is the most used and traditional method.
However, this is a time-consuming method and many are shying away from this method due to the delay.
Skrill Electronic Bank Logo Editorial Photography
Moreover, you can also have a credit/debit card transfer. Since Neteller has purchased Moneybookers, you also get the option to transfer funds with Neteller.
In addition, we have modern payment methods such as Bitcoin and Bitcoin Cash as well as Paysafecard, Trustly and Klarna.
One thing we mentioned earlier is that PayPal is a platform where you have to pay a lot of transaction fees to transfer money from one account to another.
This is the reason many people switch to Skrill but it is worth noting that Skrill has minimal fees for transactions, which is how the company makes money.
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But Skrill is known to have the lowest payout fees in the industry. It is one of the most advanced platforms as all fees are simplified.
With Skrill, whether you make a direct fund transfer to your bank account or pay via your credit or debit card, or choose any other method of fund transfer, you will pay the same fee.
Yes, Skrill charges you a 1% transaction fee based on your transaction total. This means if you are transferring $500 on Skrill, you will have to pay $5 extra to send that total at the other end.
This is, for sure, the lowest transaction fee we’ve seen on any platform so far and we believe it will save you a lot of money on microtransactions if you’re a frequent doer.
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Now that we have mentioned the Skrill money transfer process and its transaction fees, it is also important to know about the withdrawal fees on the platform.
The great thing about Skrill is that you have the option to withdraw funds from the account or method you choose to transfer funds to.
For example, if you have chosen to transfer money from your bank account you have the option to withdraw money to the same account without entering any details about it.
The only thing is that if you choose to transfer the money to your bank account, you will have to pay a withdrawal fee of EUR 5.5 which is the same for currencies around the world after conversion.
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However, it is worth noting that you will not be charged for receiving funds on Skrill. This is only applicable when you wish to withdraw funds received from Skrill to your bank account or any other payment method.
The obvious question you have right now is why anyone would want to keep their money in Skrill.
Well, you will want to do so if you are a frequent user of Skrill and tend to transfer money on the platform on a daily or weekly basis.
If so, you can get money in your Skrill wallet for free and pay a 1% transaction fee to send money to other accounts, saving you a lot of money in withdrawal fees.
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Now that we have done a Skrill money transfer review and a Skrill payment review, you understand that the platform is the best for you and a great alternative to PayPal depending on your needs.
However, it is clear that some people are concerned about the safety of their money and how safe it is to transfer money through Skrill and if there is any chance of their money getting stuck in between.
To answer your questions, we want to tell you that the sole purpose of Skrill Review 2021 is to clear all your doubts on the matter.
We understand that people who haven’t heard of Skrill are worried. Since we have a coronavirus outbreak and physical money is dangerous because it can also spread the virus, digital payment methods and e-wallets are preferred.
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But since Skrill is a lesser-known brand, you’re right to be a little worried.
We want to tell you that Skrill is a fully secure platform and is authorized by the UK Financial Conduct Authority under the Electronic Money Regulations 2011 which means the platform is monitored.
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