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Skrill Review

Comprehensive review and analysis of Skrill's digital banking services

Quick Facts

Founded
2001
Head Office
United Kingdom
Active Customers
40+ million
Total Funding
Part of Paysafe Group
Employees
2000+
App Store Rating
4.4/5

Pros & Cons

Pros

  • Global money transfers
  • Cryptocurrency trading
  • Multiple payment methods
  • Instant transfers
  • Loyalty program
  • Wide acceptance

Cons

  • Fee structure
  • Verification process
  • Account limits
  • Customer service issues

Supported Countries

  • United Kingdom
  • Global coverage

Fees

  • Account Opening Free
  • Money Transfers From 1.45%
  • Currency Conversion 2.99%
  • Crypto Trading 1.5%
  • Card Withdrawals €5.50

Overview

Skrill has been a leader in digital payments since 2001. Their platform offers comprehensive payment solutions, including international transfers, digital wallet services, and cryptocurrency trading.

Key Features

Payment Services

  • Digital wallet
  • Money transfers
  • Payment cards
  • Merchant payments
  • Crypto trading
  • Mobile payments

International Features

  • Global transfers
  • Multiple currencies
  • Competitive rates
  • Quick delivery
  • Local options
  • Payment tracking

Cryptocurrency Services

  • Crypto trading
  • Multiple coins
  • Instant buy/sell
  • Market data
  • Portfolio tracking
  • Price alerts

Additional Services

  • VIP program
  • Loyalty rewards
  • Business solutions
  • Security features
  • Mobile app
  • Payment analytics

Security Features

  • Two-factor authentication
  • Transaction monitoring
  • Fraud protection
  • Account verification
  • Secure encryption
  • 24/7 monitoring

Customer Support

  • Email support
  • Phone assistance
  • Help center
  • VIP support
  • Community forum
  • Knowledge base

Verdict

Skrill excels in providing comprehensive digital payment solutions with global reach. Their combination of international transfers, cryptocurrency trading, and digital wallet services makes them particularly valuable for users needing diverse payment options.

While the fee structure can be complex and verification processes stringent, the platform offers extensive functionality and global accessibility. The main limitations are the account limits and customer service response times, but for users seeking a versatile digital payment platform with cryptocurrency capabilities, Skrill offers an excellent solution.