Skrill Limitations

Learn more about Skrill's limitations

Skrill is a popular payment processing platform that offers a range of features and benefits to users and businesses. However, there are also several limitations to the platform that users and businesses should be aware of. Here are some of the key limitations of Skrill:

Limited payment options

While Skrill supports a range of payment methods, some users may find that their preferred payment method is not supported. For example, Skrill does not currently support Apple Pay or Google Pay.

Currency conversion fees

Skrill charges a fee for currency conversions, which can add to the overall cost of using the platform. The fee for currency conversions is currently set at 3.99%.

Inactivity fees

Skrill charges an inactivity fee if there has been no activity on the account for 12 consecutive months. The fee is currently set at €5 or the equivalent in the account's currency.

Chargeback fees

Skrill charges a fee for chargebacks, which can add to the cost of using the platform for businesses. The fee for chargebacks is currently set at €25 or the equivalent in the account's currency.

Withdrawal limits

Skrill has limits on the amount that can be withdrawn from the account. The withdrawal limit for unverified accounts is currently set at €900, while the limit for verified accounts is €10,000 per transaction.

Limited customer support

Skrill's customer support is available via email and live chat, but some users may find that the support is not as responsive as they would like.

Restricted countries

Skrill is not available in all countries, and some countries have restrictions on the use of the platform. For example, Skrill is not currently available in Afghanistan, Cuba, Iran, Iraq, North Korea, Syria, or Yemen.

In conclusion, Skrill is a popular payment processing platform that offers many benefits to users and businesses. However, it is important to be aware of the platform's limitations, such as its limited payment options, currency conversion fees, inactivity fees, chargeback fees, withdrawal limits, limited customer support, and restricted countries. By understanding these limitations, users and businesses can make informed decisions about whether Skrill is the right payment processing platform for their needs.