Skrill Fees Review

Read our review of Skrill and it's associated fees

Skrill is an online payment processing platform that provides a range of services, including money transfers, online payments, and prepaid card services. Here is an extensive review of Skrill, including its features, benefits, and limitations.

Skrill Features

Skrill offers a range of features that make it a popular payment processing platform. Some of the key features include:

• Money transfers: Skrill allows users to send and receive money globally, with low transaction fees and fast processing times.

• Online payments: Skrill can be used to make online purchases, with support for a range of payment methods, including credit and debit cards, bank transfers, and e-wallets.

• Prepaid card services: Skrill offers a prepaid Mastercard that can be used to withdraw cash from ATMs or make purchases online or in-store.

• Multi-currency support: Skrill supports over 40 currencies, making it a popular choice for businesses and users who need to transact in multiple currencies.

Benefits

Skrill offers several benefits that make it a preferred payment processing platform for many businesses and users. Some of the key benefits include:

• Global reach: Skrill is available in over 200 countries, making it a popular choice for businesses and users who need to transact globally.

• Low transaction fees: Skrill offers competitive transaction fees, making it an affordable option for businesses and users who need to send and receive money online.

• Fast processing times: Skrill offers fast processing times for money transfers and online payments, with most transactions processed within minutes.

• Secure payments: Skrill uses advanced security features to protect users' payment information and prevent fraud.

• Multi-currency support: Skrill supports over 40 currencies, making it a convenient choice for businesses and users who need to transact in multiple currencies.

Limitations

While Skrill offers many benefits, there are also some limitations to its services that users and businesses should be aware of. Some of the key limitations include:

• Limited payment options: Skrill supports a range of payment methods, but some users may find that their preferred payment method is not supported.

• Currency conversion fees: Skrill charges a fee for currency conversions, which can add to the overall cost of using the platform.

• Inactivity fees: Skrill charges an inactivity fee if there has been no activity on the account for 12 consecutive months.

• Chargeback fees: Skrill charges a fee for chargebacks, which can add to the cost of using the platform for businesses.

Overall, Skrill is a reliable and convenient payment processing platform that offers a range of features and benefits for businesses and users. However, users and businesses should be aware of Skrill's limitations, including its limited payment options and additional fees for currency conversions and chargebacks.