Skrill Fees Overview

Unraveling the Fine Print: Overview of All Skrill Fees

Skrill is an online payment system that offers a range of payment services, including money transfers, online payments, and prepaid card services. Here is an extensive overview of each fee Skrill has:

Skrill Account Creation Fee

• There is no fee to create a Skrill account. Signing up for a Skrill account is free.

Skrill Transaction Fees

• Skrill charges transaction fees for sending and receiving money. The fee for sending money varies depending on the recipient's location, the currency used, and the payment method used. The fee for receiving money is free.

Skrill Currency Conversion Fees

• If a transaction involves currency conversion, Skrill charges a fee of 3.99% on top of the wholesale exchange rate.

Skrill Deposit and Withdrawal Fees

• Skrill charges deposit and withdrawal fees for adding or withdrawing funds from a Skrill account. The fees vary depending on the payment method used. For example, adding funds using a credit or debit card incurs a fee of 2.9%, while adding funds using a bank transfer is free.

Skrill Prepaid Card Fees

• Skrill offers a prepaid Mastercard that can be used to withdraw money from ATMs or make purchases online or in-store. The fees for using the prepaid card include an annual fee, a fee for ATM withdrawals, and a fee for foreign currency transactions.

Skrill Inactivity Fees

• Skrill charges an inactivity fee of €5 per month if there has been no transaction in the Skrill account for 12 consecutive months.

Skrill Chargeback Fees

• If a customer disputes a transaction and files a chargeback, Skrill charges a fee of €25 for each chargeback.

Skrill Merchant Fees

• Skrill offers merchant services that allow businesses to accept payments online. The fees for Skrill's merchant services vary depending on the type of business and the volume of transactions processed.

Overall, Paymentwall offers a range of payment options and fees to help businesses accept payments from customers. While the fees can vary based on the country and the payment method used, Paymentwall's transparent fee structure and range of payment options make it a popular choice for businesses of all sizes.