Is skrill free to use?

0
8
- sponsored -

Is skrill free to use? Skrill Account is totally free for individual usage. But one condition will apply, users need to log in and transact at least a single time within 12 months period. Otherwise, an administrative fee will be applied and charged to you.

These administrative fees will be applied for various scenarios:

  • Provision of inaccurate or untruthful information and lack of cooperation fee (s. 4.5) up to EUR 150
  • Chargeback fee (s. 8.3) EUR 25 per chargeback.
  • Attempted cash upload fee (s. 8.12) EUR 10 per upload
  • Prohibited Transaction fees (s. 11) up to EUR 150 per instance.
  • Reversal of a wrong transaction fee (s. 12.7) up to EUR 25 per reversal attempt

Detailed information can be found on the Skrill official website –www.skrill.com

Skrill Fees

Using skrill and its services are free for personal use. If you regularly use your skrill wallet to make online payments then no fees to charge will be added. On the other hand, transferring funds to another account will charge a small fee. Here we have added the chart that includes skrill fees for different types of transactions.

Transaction Type Fees
Skrill to Skrill fund Transfer 2.9% 
Currency Conversion Fee 3.99%
Skrill to Neteller Withdraw 3.49%
Skrill to Bank Withdraw $5.52 (per transection)
Skrill to Card Withdraw 3.99%
Skrill to Crypto Wallet Withdraw 2%

These charges and fees differ based on regions and currencies. Please refer to the skrill official website www.skrill.com to know the exact service fees and details based on your geolocation.

If you want to learn more, please have a look at the Skrill section. We have also added a FAQ section where you can find the most common answers. Please refer to the Skrill FAQ Section to find your answers.

If you liked this article, then please subscribe to our Newsletter Services for Forex Related updates. You can also find us on Facebook and can subscribe to our YouTube channel. You can also join our Telegram Channel for real-time trading analysis and discussion. Here is our service sitemap. If you have any confusion please leave your comments below.  

NOW, IT'S TIME TO OPEN A DEMO ACCOUNT