Skrill is another E-wallet and part of our series of Payment Processors. It has been quite popular Money Wallet & has been in the horizon for a long period. If you are not familiar with the Payment Processors, then you must read our exclusive article. If you have read it already then it will become easier for you to understand the concept. All the reason for specific article was that most of the readers are new. When they will gone through the details, they will have deep understandings, they will able to distinguish what is suitable for them in industry.
What is Skrill?
Skrill, formerly known as Moneybookers is one of the most decent and appealing E-Wallet. They have been in the industry for about two decades. Skrill is supporting almost all the countries of globe. They have been supported by general public because of the universal scope not only in countries , also in more than 40 currencies. If you are merchant and freelancer online, then you can easily receive and send payments worldwide. Good thing is that their Headquarter is in London, offices in Europe & United States. They have hired representative staff of half thousand which is a huge amount for an Online Money Wallet. They also claim that they have this staff for 30 countries only. Means these figures are only of field staff.
History of Moneybookers and Skrill
They started as Moneybookers in 2001. Not Only they provided a great opportunity to online community but they also got recognized by European financial departments and institutes. Later on industry was surprised that Investorcorp bought them in just sixth year of the start. After 2 years they got linked with eBay.
Moneybookerswas re branded as Skrill in 2010. They never stopped but they worked hard fortheir expansions specially they acknowledged and ranked by Sunday Times. Theystarted to joint venture with marketing and product companies which resulted innew features specially Pay by Invoice, Pay by Installments, Mobile Friendlyfeatures & Paysafecard. This struggle in online industry made them popularbrand. They have billions of users and Millions of merchants dealing with them.
Things to consider before Joining Skrill (Most Important)
For long I have been reading reviews of other users on Internet. Some of them are not satisfied with their services as they claimed to be non respondent or cold responses in case of dispute or transaction failures. People claim that skrill has deducted amount from their wallet and never refunded. Some has issues while shopping online especially when Skrill tends to restrict balance from paying merchants. People also have issues when they transfer money to their credit cards and bank accounts. Majority of them have disputes and I haven’t seen a single review about their refund or fair usage.When it comes to online transactions, people use Payment Processors for trading.
People found their customer support to be non responsive or totally rude. If you have crypto background or going to invest in Crypto Currencies, then forget them. They claim fee on each action but will neither help nor refund they looted.
I have personally experienced some difficulties accessing their website during draft stage of this post. I have been experienced with some 403 and other errors that lasted more than one week for region.
How to Signup/Register with Skrill
If you are still interested to signup with them as Skrill is still attractive you then I will as you to follow the below mentioned link.
As you follow the link, you will be redirected to home page or similar one. Just click the get started or signup button. A simple form will either pop up or will open up. Just fill that up and verify your email. Additionally you will be discussed to verify the address and identity also. Method may vary time to time. This is key element to restrict bad people and money launderer from their web.
Key Features of Skrill
Dashboard: Dashboard is similar to dashboard of car. The Balance and important things are listed there.
Deposit: In order to top up your skrill online wallet, There are four methods. All of them has 1% fee.
- Mutual Bank Transfer: This takes 2 to 5 days.
- Credit/Debit Card: This one is instant.
- Neteller: This one is also instant
- Bitcoin and Bitcoin Cash: Hereby is also instant.
Withdraw: Everyone is not so rich like Saddam Akbar and Farhan Shafique. Majority Including me uses Payment Processors to withdraw money. They offer multiple ways as listed in Deposit discussion.
Send: You can pay fees and different subscriptions via this option.
Bank and Cards: Here you can manage the bank and cards. However their new interface do not support this function and you will be redirected to old one. Additionally you can access mobile wallet.A Few Cellular Networks in my region are listed there.
Transactions:It is similar one to balance statements we receive from our banks. Unfortunately you can not access the records older than one year.
Settings: This one lets you manage your skrill account.
My Cases: Despite all the issues I have discussed before, They have My cases section. You can not only submit cases but there is a helpline no. also mentioned.
Help: They have dedicated search engine for help.
How to Earn Money from Skrill Referral Program:
You can enjoy some extra money from their referral program. Anyone who joins program via your reference, you will be rewarded 10% of whatever fee he/she pays them.