Finance
Get to know Skrill: receive, send and make payments with your digital wallet
The Skrill digital wallet operates in more than 120 countries and offers a simple way to receive, send and make payments online. See how it works, its advantages and disadvantages and how to join it!
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Skrill Digital Wallet: what is it and how does it work?
Skrill was founded in 2001, with the aim of offering various online payment and money transfer services to the market. Currently, the company operates with more than 40 currencies and in more than 120 different countries.
In addition to offering a simple, secure and easy-to-use digital wallet to its customers, with affordable fees, Skrill provides a Mastercard prepaid card to facilitate transactions as needed. So, see below the details about this e-wallet.
How to join the Skrill digital wallet?
See now how to open a free account and join the Skrill multi-currency digital wallet.
Portfolio | Digital, multi-currency account with simple integration and single API |
Number of coins | Over 40 |
Exchange rates | Varies depending on the currency and payment method chosen |
Minimum deposit | Uninformed |
Payment methods | Bank transfer, card and others |
What is the Skrill digital wallet?
Skrill is a digital wallet that allows transactions in more than 40 currencies. That is, it is a multi-currency e-wallet for payment and transfer services.
Currently, Skrill already has millions of customers globally. In other words, in addition to the services provided in full, the digital wallet provides convenience to its holders.
Payments are made with just a password and an email address. Apart from the Mastercard prepaid card, which can be requested.
Furthermore, the wallet offers chargeback protection, simple integration via a single contract and API, 1-Tap payment mode and high fraud and risk prevention management.
Therefore, it is perfect for those who want an easy-to-use app, with the possibility of buying and selling cryptocurrencies, and for those who want to work with online gambling and Forex.
How does Skrill work?
For cryptocurrency transactions, the wallet has different levels. For example, for the Skiller level, with purchase and sale transactions of up to €19.99, a fee of just €0.99 is charged. For the highest level, Gold / Diamond VIP, this fee drops to €0.50. For P2P crypto, a fee of 0.50% per transaction is charged.
For local payment methods, fees vary depending on the option chosen. That is, it can vary up to 5% depending on the method, such as Multibanco, Paysafecash, Paysafecard, Rapid Transfer, or up to 0% for bank transfer.
On the other hand, via global payment methods, fees reach 1.25%.
The variations are the same for withdrawing funds, sending or receiving money, currency conversion, among others. So, if you want to know more about all the fees for each option and transaction method, the company's official website is very transparent and clear about this.
Furthermore, even though it charges fees, Skrill is still extremely affordable compared to other similar services on the market.
A differentiator of this e-wallet from others is also the offer of a Mastercard prepaid card. Even though to obtain it you have to pay an annual fee of EUR 10.00, and others applicable, the request is free.
Benefits
- It has affordable rates;
- Mastercard prepaid card offer;
- It is available in more than 120 countries and operates in more than 40 currencies;
- The app is easy to use;
- Offers different account levels for different profiles and needs;
- Allows various payment methods;
- Enables the purchase and sale of cryptocurrencies;
- It has high security standards.
Disadvantages
- Charges a monthly inactivity fee of EUR 5.00 if the account is inactive for 6 months;
- The prepaid card has an annual fee.
How to join the Skrill digital wallet?
Finally, if the Skrill digital wallet has piqued your interest, see now how to open a free account and join it quickly and simply. The process is online and can be done via the company's website or app. Find out more details in the article below.
How to join the Skrill digital wallet?
See now how to open a free account and join the Skrill multi-currency digital wallet.
About the author / Aline Augusto
Reviewed by /
Senior Editor
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