Skrill was founded in London, England in 2001. It’s one of the most popular and well known online money wallet (e-wallet) websites and allows for payments and transfers to be made through the internet with a focus on low-cost international transfers.
Skrill is perhaps one of the most famous e-wallets around. It's perfect for moving international currencies and is commonly used in the gambling industry. Fees can be quite high unless you manage to make yourself a VIP and customer service varies. Whilst you're quick to get through to a real person on the phone they might not always understand you.
I’ve previously covered the benefits of using Skrill as a matched bettor. However, this is going to be a much broader review of the platform as a whole.
Opening A Skrill Account
Opening a Skrill account is quick, simple and straight forward. There are five steps to opening an account and the results of your account application are instant. Enabling you to start paying with your Skrill account straight away.
The my account section of Skrill, or as I like to call it the dashboard. Is clean, it has just enough filters to make finding transactions simple and straight forward without being overwhelming.
Who Accepts Skrill?
If you apply to get the Skrill MasterCard (free of charge) then you can use your Skrill balance anywhere that accepts MasterCard.
I have a secret obsession with calling customer service lines and testing how quickly I can get through to a REAL person.
Let’s face it. When a problem strikes, we want it resolving quickly and emails often don’t get an instant response.
It took me 1 minute 46 seconds to make my way through to a real person from Skrill’s customer service. Unfortunatly, the representative’s first language wasn’t english and she struggled to understand what I was saying… (damn Yorkshire accent)
Skrill does make up for the poor English by having customer service representatives available to speak 12 other languages (unfortunatly in my case however, I only speak the one)
Depending on your Skrill status the Skrill PrePaid Mastercard withdrawal fees at ATMs will change as follows:
non-VIP: from 1.80 EUR to 1.75% of the amount to withdraw.
Bronze VIP: from 1.80 EUR to 1.75%.
Silver VIP: free.
Gold VIP: free.
Diamond VIP: free.
There are 4 different Skrill VIP levels. The more you transfer from Skrill to merchants, the higher your VIP status will be. Your VIP status is calculated on a rolling period of the last 3 months and is adjusted every day automatically once you reach (or fall below) the requirements outlined below.
When it comes to our money we all worry, and rightly so. However, Skrill is FCA regulated. Which is the same as your high-street bank. So you can be assured that your money is safe. There’s also 2-factor authentication available should you require it.
In conclusion, I think it really depends on what you want to use Skrill for. It’s not going to replace the high-street banks, then again I feel that it has an entirely different purpose. As always I’d love to know what you think. Would you like me to review other e-wallets and the ways in which we can use them? Let me know in the comments below.