Send and receive money online, without an account, but only with an e-mail address. This is possible thanks to Skrill, a British company.
The payment takes place in real time, the money arrives immediately at the receiver.
What else Skrill can do and how you can use it, we explain to you in this article.
What is Skrill?
Skrill used to be called Moneybookers, many will know it under that name. Skrill has been used as a brand name since 2013 and online payments have been handled under this name.
Similar to the competitor PayPal an e-mail address is sufficient to make payments, in certain mobile networks money can also be sent and received via mobile phone numbers. So no sensitive account or card data must be entered when paying.
The payments are processed on a prepaid basis, so the customer must first load money into his digital account in order to use it. The payment of virtual goods is handled only via the e-mail address of the customer, other account or credit card information is not required.
Skrill is mainly used by online casinos, but also by auction platforms outside of eBay. You can also use it to send money to friends and relatives. In addition, the Skrill prepaid MasterCard can also be used to make purchases from merchants who do not offer Skrill as a payment method.
What can you do with skrill?
The provider Skrill you get a so-called e-wallet, for which you have to open in the first step, a virtual account with the provider. This is possible without any problems and very easily in a few steps. After that, as a user you have over 100 transfer methods available worldwide that allow you to deposit a sum of money on the e-wallet. A great thing here is that you can get a prepaid credit card, so you can always withdraw your money at an ATM from the Skrill account.
You can use the Skrill balance to send money to friends or relatives or to pay for goods. Sending money is possible even if the recipient is not yet a Skrill member. If the recipient does not have a Skrill account, they will be prompted to create one before they can dispose of the money.
The payment with Skrill is always free if the shop accepts the Skrill wallet as a payment method. Frequently, however, the trader charges transaction fees, which are payable in addition to the purchase price or the deposit amount.
Skrill money transfer
The most important service of Skrill is the Digital Wallet. It works much like an account, but on a prepaid basis. This means that you can only spend as much money as you paid in advance.
Deposits can be made by bank transfer, but also by credit card and direct debit procedures.
You can send money to friends and relatives and also pay at dealers and casinos. Withdrawals are possible to a bank account or a credit card.
Where can I get crypto with Skrill?
Skrill payments are now accepted by many major mail-order companies as well as numerous online casinos and poker game platforms. However, the payment method Skrill is even less common on Bitcoin trading platforms. Platforms where this is possible include VirWox or the international marketplace bitcoin-otc. For example, on VirWox, users can transfer money from their Skrill Wallet to their VirWox account and use it to buy Bitcoin.
The Skrill Prepaid Mastercard
The Skrill Prepaid Mastercard is a regular Mastercard linked to your Skrill account instead of a bank account. The prepaid feature allows you to spend only as much as your account has.
A separate charge of the credit card is therefore not possible, it always access directly to your Skrill credit. The risk of over-indebtedness is thus minimized and the loss is less even if the card is stolen.
Functions of the Skrill card
With the Skrill card, you can pay for goods on the Internet or in stores, as well as food in restaurants that carry the Mastercard acceptance mark. You can also make payments to ATMs and place orders by phone.
Your MasterCard can not only carry you in dollars, but also in other currencies, such as British Pound, Euro, and Polish Zloty, subject to Skrill’s successful identity and residence verification. You can also use the Skrill card abroad.
Cost of the Skrill Mastercard
For the Skrill Prepaid Mastercard, you pay an annual fee of $10 (or an equivalent amount if you keep your Skrill Wallet in a different currency). The exchange rate charge is 2.49% of the purchase value and cash withdrawals at ATMs are 1.75%. Depending on the location, additional fees may be due. This should be displayed when you lift off.
If you use the Skrill card in a currency other than your Skrill account, you will be charged for each transaction.
For paying with the Skrill card you pay no further fees, except exchange rate fees. You can use the card online and offline, ie in online shops or shops and restaurants. Separate monthly fees or transaction costs are not incurred.
How safe is Skrill?
Skrill has been a global player for many years. A payment via Skrill is therefore basically safe, if you treat your account data confidentially. Never pass on your password!
Thanks to the prepaid system, you can not spend more money via Skrill than you have paid in advance. This protects against uncontrolled expenses. If you pay through Skrill, you do not need to enter bank details or credit card information with the merchant, but pay through your e-mail address. Unwanted debits from the account with unserious sellers are thus avoided.
It is clear that Skrill is recommended when it comes to payments on the Internet. There is generally no risk, and use is very simple. Especially the fact that the spontaneous application, for example, with a mobile device is possible, should convince. Paying attention must be paid to fees, but they are not directly related to Skrill, but to the offer for which the payment is made.