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How much will I pay to send money with Skrill?
In addition to Skrill's currency conversion fee, you'll pay a transfer fee that's equal to 1.9% of your total transaction amount, capped at $20. Skrill automatically deducts these fees from the amount your friend or family member receives on the their end. You'll also pay to withdraw money from your account.
1.9% transaction fee
3.99% currency conversion fee
up to 7.5% withdraw fee (varies by payment method)
For example, if you're transferring $1,000 from your Skrill account to a friend in the UK, Skrill will deduct a transaction fee of 1.9% ($19), along with a 3.99% ($39.90) currency conversion fee. Your friend will receive $941.10.
There are also fees for loading funds to your Skrill account. The price depends on the method you use:
Bank transfer: Free
Credit card: 2.9%
PaySafe card: 7.5%
Skrill's exchange rates can be higher than competing services. It adds 3.99% to what it calls "Skrill's wholesale exchange rate." For comparison, TransferWise offers the mid-market rate for most international transfers, and PayPal typically charges fees of up to 2.5% above mid-market rate.
What types of transfers does Skrill support?
Skrill offers one-off transfers. You have options for loading the funds to your Skrill wallet and withdrawing the money, including:
Upload methods. Load your Skrill wallet with funds directly from your bank account, a credit or debit card, a SWIFT account or another digital wallet.
Withdraw methods. Your recipient can withdraw funds from a Skrill wallet to a bank account via wire transfer, a credit card balance or SWIFT account, depending on their location.
Minimum and maximum transfer amounts
Skrill does not have a minimum transfer amount. Maximum transfer amounts can vary between $135 and $25,000 a month, depending on the verification of your account. You can usually verify your account instantly with your Social Security Number.