Skrill Money Transfer Detailed Review

Send money overseas with WorldRemit to take advantage of bank-beating exchange rates

★★ ★★ ★★ ★★ ★★

About Skrill Money Transfer

Skrill Money Transfer is a well-established international money transfer service on a versatile mobile wallet with almost one million users.

Customers can send money to themselves or someone else quickly and with zero fees. Simply, enter the amount you want to send (or the amount you want the beneficiary to receive) and Skrill will calculate the best rates for currency conversion, so you get the most out of your transfer. The service is available 24/7 with a dedicated customer support team and most transfers arrive instantaneously.

Skrill Money Transfer Capabilities

Skrill Money Transfer supports over 40 currencies in 145 countries.

This includes Australian Dollar, British Pound, Bulgarian Lev, Canadian Dollar, Colombian Peso, Croatian Kuna, Czech Koruna, Swiss Franc, Danish Krone, Euro, Hong Kong Dollar, Hungarian Forint, Icelandic Krona, Indian Rupee, Israeli New Shekel, Kenyan Shilling, Kuwaiti Dinar, Malaysian Ringgit, Moroccan Dirham, New Zealand Dollar, New Taiwan Dollar, Norwegian Krone, Polish Zloty, Qatari Riyal, Romanian Leu, Russian Ruble, Saudi Riyal, Singapore Dollar, South Korean Won, Serbian Dinar, Swedish Krone, Thai Baht, Tunisian Dinar, United Arab Emirates Dirham, United States Dollar and South African Rand.

From the above currencies, you can convert to Armenian Dram, Australian Dollar, Bangladeshi Taka, Bulgarian Lev, Brazilian Real, British Pound, Canadian Dollar, Euro, Indonesian Rupiah, Indian Rupee, Kenyan Shilling, Sri Lankan Rupee, Mexican Peso, Malaysian Ringgit, Nepalese Rupee, Pakistani Rupee, Philippine Peso, Polish Zloty, Romanian Leu, Russian Ruble, Thai Baht, Ukrainian Hryvnia, United States Dollar and Vietnamese Dong.

For more information on their current capabilities, visit their website.

Skrill Money Transfer Special Features

Highly Competitive Exchange Rates and Fees

Skrill Money Transfer are best known for their highly competitive exchange rates and 0 transfer fees when sending money to bank accounts abroad, which allows their customers to get the best value for their money.

They also provide regular promotional codes with discounts for existing customers to help them save money on their next transfers.

Simple Sign-up

The sign-up process is quick, easy, and straightforward.

All you need to enter is:

First name and last name
Email address
Country of residence
Currency
Date of birth

When you reach a certain transaction limit, you will be notified on-screen, and you be asked to upload:

A copy of your ID document and
A proof of address document

To get started, visit their website.

Multiple Payment Methods

Skrill Money Transfer provide several different payment methods to send settlement funds, depending on your country of residence.

This includes:

Manual bank transfer
Credit or debit card
ACH
Rapid transfer
Klarna
Cash (via Paysafecash)
Trustly

The variety of payment methods provides more convenience to customers and allows you to settle your booking on whatever route you are most comfortable with.

Rate Alerts

The rate alert feature allows a user to receive notifications for daily exchange rates or when a target rate is hit.

This is particularly useful if you're looking to maximise the value of your transfer and have some flexibility of when you can execute it.

Apple and Android users can receive rate alert notifications directly on their phone by downloading the Skrill mobile app. Other individuals can opt to receive notifications by email.

Refer a Friend

The Skrill Money Transfer Refer-a-Friend programme allows customers to earn referral credits for sharing the service with their family and friends. Every time a customer refers a friend, they get £10 off their first transfer, and you get £10 off your next transfer. A maximum of 50 friends can be invited.

It's a quick and easy way to allow customers to help their loved ones save money too.

Customers

Skrill Money Transfer is rated 4.8/5 on independent customer review site Trustpilot, based on over 8,500 reviews.

Here's what their customers have to say:

'Excellent rates and no fee at all for any amount sent using bank account or debit card. Security is very strong. Skrill beats Xoom and Remitly by far' - Saumen

'Best app to transfer money around the world, even during Covid-19 my money took a maximum of 20 mins to arrive the destination thousand miles away. Thank you Skrill 😍' - Shameel

'I'm delighted to have found about Skrill Money Transfer. Now, instead of seeing high fees and slow transactions, my money goes even further and reaches my family's bank account within a single day' – Vijay

They provide a wide coverage of payment corridors, so whether you're looking to send money to family and friends back home, pay international tuition fees for your children or repatriate your salary – Skrill have the expertise to help.

Additional Information

Safety and Security

Skrill Money Transfer is a service provided by Paysafe Payment Solutions Limited and regulated by the Central Bank of Ireland.

All transactions are encrypted to the highest industry standards, and they take extra measures to protect customers and their funds by applying additional compliance checks and verification procedures. Your account login, personal details and transaction details are secured using Secure Socket Layer (SSL) technology with high security 128-bit encryption, certified by VeriSign.

Legal and Regulatory Compliance

Skrill® is a trading name of Skrill Limited, a company incorporated under the laws of England and Wales with registration number 4260907. They are authorised by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011 for the issuance of electronic money. The FCA e-money register number is 900001.