Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020)
Payment Gateways

Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020)

Blog Icon

Hebah Neuman

Updated: July 07, 2020


Is Skrill safe, or is it a scam?

If you regularly buy and sell products online, particularly with cryptocurrency, you’ve probably heard of Skrill. While many reviewers seem to be happy with their service, there are also a lot of posts out there about Skrill scams.

So, is Skrill legitimate? Or is it a scam?

I’ve done my research. I’ve scoured the net, and read a lot of good and a lot of bad, including some pretty frank remarks by a former Skrill developer. I’ve tried to cover all relevant points, so everything you need to know is right here.

What Is Skrill?

First, let me give you a quick overview of Skrill.

Skrill is an internet payment processor, similar to PayPal. When it was originally founded in the UK in 2001, it was called Moneybookers. Originally, the company focused on gambling and e-sports transactions.

Can you guess how much the company grew in just 8 years?

By 2009, Moneybookers was worth £365 million, and they announced that they would be offering services to all customers and business, not just gambling and e-sports.

In 2011, the company announced that they would be rebranding themselves as Skrill. To be honest, I could not find the exact reason for their rebranding.

In 2013, the newly-rebranded Skrill purchased paysafecard, an Australian prepaid card program, and was in turn acquired by CVC Capital Partners. In 2015, they merged with Neteller, one of their largest competitors.

So how many currencies can you use on Skrill?

Skrill currently accepts payments in over 40 world currencies. I was also amazed to learn that they also accept transactions in cryptocurrency.

It gets better.

Skrill also issues a debit card that can be linked to your account. These cards can be issued in four currencies: British Pounds, US Dollars, Euros and Polish Zloty.

Have you decided to set up a Skrill account? Click here. It takes just a few minutes.


Ease Of Use

Image Image Image Image

Fees & Exchange Rates

Image Image Image Image Image

Credibility & Security

Image Image Image Image

Service & Coverage

Image Image Image Image

Customer Satisfaction

Image Image Image Image

Help and Support

Image Image Image Image


Image Image Image Image Image

Starting at Free/account

try for free

Pros Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020) 2

  • Credit Card Transactions
  • Email transactions
  • Free account
  • Fast access
  • One place data

Cons Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020) 3

  • Time taking withdraw in bank
  • Few Currencies transaction

Still want to dig deep? Let’s continue.

Is Skrill Legitimate?

Before we talk about Skrill’s features, let me tell you what I’ve learned about the company.

From the day it was founded, Skrill has been registered with the UK’s Financial Conduct Authority. Their stock is traded on the FTSE 250.

They also have a European e-Money license which allows them to operate everywhere in the world outside the US. In the US, they’re licensed in all 50 states.

Yes, Skrill is a legitimate business. But there’s more to learn.

is skrill safe

So, what should you be concerned about?

A lot of Skrill’s reputation issues stem from the time when they were strictly a gambling payment processor. Gambling is a risky business, and even honest bookmakers will have angry customers. 

I’m willing to give them a pass on bad reviews from their Moneybookers era.

Let’s look at what their current customers are saying.

Skrill currently has a lot of negative reviews from reputable sites. has given them a grade of C, and the  Better Business Bureau has given them a grade of B.

So, who is leaving the negative reviews?

During my research,  most of the customer-written Skrill reviews I’ve seen have been written in broken English, though, which leads us to believe that US and UK customers are mostly happy.

So what were the unhappy customers upset about?

I’ll go into this more when I talk about security, but I suspect that these complaints are related to Skrill’s obligation to verify their customers’ identity.

This is easier to do in Western countries, which may be a big part of their users’ problems.

While some customers were unhappy about Skrill’s identity verification procedures, I appreciate them. They keep their users safe by making sure people are who they say they are.

While some customers were unhappy about Skrill’s identity verification procedures, I appreciate them. They keep their users safe by making sure people are who they say they are.

Yes, absolutely, Skrill is a legitimate business. But before you sign up for Skrill, you may want to learn about their fees.

How High Are Skrill Fees?

Another common complaint is that Skrill fees are too high. Are they? Let’s take a look.

When I first looked into this, it seemed like a silly complaint. Let’s say you use your Skrill account to receive money. Your transaction fee will be 1.9% of the payment plus an additional €0.29, which is about $0.33 at current exchange rates. This is comparable to PayPal.

So why are people upset? Another complaint was their charge back fees.

Chargeback fees on Skrill are €25, or about $28.36 as of February, 2019. That’s a bit high compared to PayPal’s $20 chargeback fee, but it’s not exactly highway robbery either. Like PayPal, they don’t charge for account setup or fraud protection, so you get that for free.

So where are these so-called high fees coming from? It looks like this is happening on withdrawals.

Skrill currently charges $5.50 for withdrawals. That’s a significant fee if you’re withdrawing a small amount of money. Even if you’re withdrawing large amounts, this is far more expensive than PayPal, which doesn’t charge anything for withdrawals.

What other fees does Skrill charge?

There’s a $0.55 charge on returns, and a hefty €5 (currently $5.69) monthly charge on accounts that have been inactive for more than 12 months.

By now you’re probably asking yourself if it’s free to load funds. The answer is no.

There’s an additional fee for loading funds into your account, unless you’re doing it from a checking account. These range from a 1% charge on Bitcoin deposits, up to 7.5% for deposits from a Paysafecard debit card, which is mystifying, since Paysafecard is part of the same company.

Finally, there’s a special service fee for merchants who pay less than €10 per month in transaction fees. There’s no information available on exactly how much that service fee is, but it may be substantial.

Let’s use a real world example to see how all this pans out.

Suppose you want to sell a guitar for $1,000. Out of that $1,000, you’ll pay the following fees:

Transaction fee – $19.29

Currency exchange fee (if applicable) – $39.90

Withdrawal fee – $5.69

Takeaway – $935.12

So you could end up paying $74.88 in fees. Compared to PayPal, that’s fairly high.

Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020) 4

Sign up Skrill for Free

Sign up Skrill for free and create account. It takes just a few minutes to create a Skrill wallet and bring all your payment details together in one place.

I want Free Account

Honestly, a lot of the frustration with Skrill seems to come from the fact that their rates aren’t transparent.

I had to look through several articles and reviews to get all the fee information, and even then, nobody seems to know how much the fee is for merchants who don’t get charged $11.34 per month. Except Skrill, and they’re not telling. 

skrill fees

Of course, PayPal has its own issues, like being unavailable in several countries. Let’s look at more of Skrill’s features.

Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020) 4

Sign up Skrill for Free

Sign up Skrill for free and create account. It takes just a few minutes to create a Skrill wallet and bring all your payment details together in one place.

I want Free Account

What Countries Are Supported?

A better question would be, what countries aren’t supported?

Skrill is authorized to process payments to and from every country on Earth, except countries that have been sanctioned by the World Bank or the UN.

This puts them a cut above the competition, which likes to play it safe and stay in mostly developed countries.

How many people use Skrill?

I was amazed to learn that as of January, 2019, Skrill had over 156,000 active merchants, and over 32 million active users.

I’m not saying it’s universally accepted – it’s not – but it’s accepted by a lot of people, including people who, for whatever reason, can’t use PayPal.
Here is the list of non-serviced countries:-

skrill non supported countires

But what about safety?

Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020) 4

Sign up Skrill for Free

Sign up Skrill for free and create account. It takes just a few minutes to create a Skrill wallet and bring all your payment details together in one place.

I want Free Account

Is Skrill Safe & Secure?

Security is probably your biggest concern, so let’s take a look.

Because Skrill has to comply with US, UK and EU financial regulations, they have very strict standards for identity verification.

How does verification work?

As part of the verification process, users have to make a deposit with a bank account, debit card or Bitcoin. Generally, that’s sufficient for verification, but I’ve seen several stories about people being asked for photos of their government ID or bills sent to their home.

It sounds like this could be challenging if you live in a country with lower levels of infrastructure.

Response time on identity verification cases seems to vary from a few weeks to several months, with users’ money stuck in their account until that time.

If I were starting an online store and couldn’t get paid for months on end, I’d be pretty upset too.

What about encryption?

This is where Skrill really shines. In terms of being hacker-proof, Skrill is slightly better than the competition.

Skrill use 128-bit encryption, and requires users to utilize 2-factor authentication whenever they log in to the site. (Click to Tweet)

Before wrapping up, let’s look at some other reasons you should use Skrill.

7 The Jaw Dropping Facts Known By Very Few

You might be thinking, Given everything I’ve written, it might sound like there’s no reason to use Skrill unless you’re a masochist? Not at all! Keep reading.

I think it would be a shame to put out a Skrill review without talking about why someone might want to use their service. To be as fair as possible, I’m also going to tell you everything good I learned about Skrill.

#1 They Do Business Where Other Internet Payment Processors Won’t

If you’re trying to business with someone in a politically unstable area – or you live in one yourself – Skrill may be your only option for doing business online.

As I’ve already mentioned, Skrill does business in a lot of developing countries where more mainstream payment processors simply refuse to do business.

They accept payments to and from literally every country on the planet that isn’t being sanctioned by the UN or the World Bank.

#2 Business In Industries Other Processors Won’t Touch

What if you’re looking to buy or sell services that PayPal and others don’t support?

I’ve talked about how Skrill started out as a gambling payment processor. While they’ve expanded their business since then, they still specialize in dealing with riskier businesses.

This is one reason why their fees are higher than the competition; they’re more vulnerable to losses.

In addition to gambling, Skrill also processes payments for pornographic content and firearms. These are industries that most online payment processors won’t touch with a 10-foot pole.

Once again, if you’re doing this kind of business, you may find that Skrill is the only company willing to work with you.

#3 Variety Of Payment Methods

What currencies can you use on Skrill?

I’ve complained about Skrill’s currency exchange fees, but what I didn’t mention is that Skrill currently accepts over 40 world currencies, as opposed to PayPal’s 20.

You can also use Bitcoin, Bitcoin Cash, Ether, Etherium Classic, XRP, Ox or Litecoin.

skrill Variety Of Payment Methods

If you’re using US dollars or other Western currencies, this probably won’t make a difference to you. But if you do business on a truly global scale and work with cryptocurrency, Skrill beats the competition by a mile.

#4 Support Transactions For Apps

If you’re an app developer, you’ll love Skrill.

Unlike most competitors, Skrill allows you to accept micro transactions from apps.

This is extremely popular for gambling apps in particular, but can also be used for games, business apps, or any other app you’re developing.

This is a great way to accept mobile payments from users who don’t have Skrill, but do have your app.

#5 Seamless Integration With Online Retailers

If you’re running an online store on a third-party platform, Skrill is a payment option on many of them.

ShopFactory, Shopify, Magneto, WooCommerce, Wifeo and hundreds of other websites partner with Skrill so their sellers can accept payments.

This is yet another way to accept payments from customers who don’t personally have Skrill accounts.

#6 One-Click Checkout

How convenient is Skrill for your customers? As convenient as pushing a button.

A lot of online payment processors have this feature, but I’ve listed it anyway because it’s a huge convenience for your customers. Anyone who uses the Skrill wallet can send payments with the touch of a button.

In today’s fast-paced world, this kind of efficiency is essential for retaining customers.

#7 Recurring Payments

Another good thing about Skrill is that they support recurring payments.

No, the phone company or the power company won’t accept your payments through Skrill. Gambling sites will, though, as will a lot of adult websites.

Most payment services support recurring payments, but nobody else will let you work with these kinds of businesses to begin with.

Mass Payments

If you regularly send out mass payments, Skrill is extremely convenient.

Suppose you need to send several identical payments to different people. They may be contractors, employees or vendors.

You can either send several payments individually, or you can use Skrill to send a whole batch of payments at once.

How Does a Skrill Debit Card Work?

If you want to use your Skrill account to make in-person purchases, it’s easy to do with a Skrill debit card.

Skrill debit cards are tied directly to your Skrill account, so you can instantly access any money in your account by using your card, without waiting for a transfer.

This is an improvement over PayPal, which requires you to transfer money from your regular PayPal account to your PayPal debit card.

skrill debit card

PayPal also only offers service to US customers, while Skrill debit cards are available in four currencies: US dollars, British pounds, Euros, and the Polish Zloty.

If your outside of those currency zones, you’ll still be out of luck, but that’s still a lot more flexibility than PayPal offers.

There are no transaction fees for using a Skrill debit card, including for paying bills. If you rarely use cash, you can use your Skrill card for everyday purchases without paying the $5.69 withdrawal fee.

That said, for ATM withdrawals, Skrill is expensive. They charge a $2.40 fee for withdrawals. They also charge a €10 ($11.34) annual fee for debit account maintenance.

Frequently Asked Questions

Is Skrill secure?

Skrill has to comply with US, UK and EU financial regulations so they have very strict standards for identity verification. Skrill also uses an 128-bit encryption, and required users to utilize 2-factor authentication whenever they log in to the site

Is Skrill safer than PayPal?

Their security policies are stronger than PayPals

What countries can use Skrill?

Every country can use Skrill, except countries that have been sanctioned by the World Bank, or the UN

How much does Skrill charge to withdraw?

ATM withdrawals: they charge a $2.40 fee

Wrapping Up

I was hoping to answer the question “is Skrill safe?” with a simple yes or no. I’ll bet you were also expecting a simple answer.

However, It depends on what that question means.

If it means “Is my Skrill payment secure,” the answer is yes. Their security policies are stronger that most payment processors, including PayPal.

If it means “Is Skrill a merchant services scam?” the answer is no. They’re a legitimate corporation that abides by all the same regulations PayPal and other online payment processor have to follow.

If it means “Am I safe from Skrill scams?” it depends on who you’re dealing with. Like with any other payment processor, most merchants and customers are good people trying to do honest business. And then there are a handful who aren’t.

Skrill isn’t the best payment processor out there. They charge high fees and their ID verification process can be challenging if your country’s infrastructure is poor.

On the other hand, they’re the only company who services many companies and industries. If you need to do business in these areas, Skrill is a secure service that will get the job done.

Creating an account is quick and easy, so why not give them a shot?

Is Skrill Safe or Is It a Scam? 7 Jaw Dropping Facts (2020) 4

Sign up Skrill for Free

Sign up Skrill for free and create account. It takes just a few minutes to create a Skrill wallet and bring all your payment details together in one place.

I want Free Account

What’s your experience with Skrill? Leave a comment below and let us know.


Hebah Neuman


Enjoyed the Ready?

Don't miss our next article!


Your email address will not be published. Required fields are marked *

Your rating

Grant says:

I want to make a withdrawal to my Nedbank account and it does not want to accept my Swift code, which I confirmed with my bank as correct. It also does not accept Mastercard withdrawal, after I paid with a Mastercard. I will continue expressing my bad experience on every platform. I have already informed my friends, contacts, family about this.

EcommerceChamp says:

Hi Grant,

I think you should contact their support.
And share your experience here


Pule says:

Worst payment system ever, now I can’t even get through to support. When sending a question ticket on contact us it automatically writes *ticket closed* I have now been unable to withdraw money from skrill for about two months, a day after withdrawal it reflects back to Skrill account and no one wants to explain

EcommerceChamp says:

Hello Pule

thank you for sharing your experience. I am sure it will help our readers to make wise decision


Tony Webster says:

Go to TrustPilot and look at the negative reviews. About 17% of Skrill clients have reported that their accounts have been suspended and balances emptied. Be very careful placing funds into Skrill. If it happens to you rather than just complain go to financial authorities and report them. It’s a scandal that they are doing to people. It will blow-back against them in a big way. The above article was made in good faith, however, nearly a quarter of Skrill users have had balances emptied.

EcommerceChamp says:

Hello Tony

Thank you for sharing your thoughts
I am sure this will be very useful for our readers to make a decision about Skill.

Our content team has started working to analyze feedback on TrustPilot and incorporate it in the article.

Thank you!

Jek says:

Thanks for the information. But i still have questions. Cos one of my friend send me money from usa. He asking me to deposit first my money from gcash to bitcoin then i will send it here on skrill. But its sounds like confusing to me because he wanted me to deposit first a 50USD just to receive the money he send. Is this true? Thank you

EcommerceChamp says:

Hello Jek,

Unfortunately, we can not confirm anything about this process.
Seems confusing to me as well,
Please contact Skrill support with details


Tsokoz says:

I should say this is the first website I’ve seen skrill getting a 5star rating. It’s the worst ewallet of all. Funds hang, holds and refusal to process certain transactions. Did you know that you can’t use funds deposited through MasterCard for online payments? Neither can you return them to their original source MasterCard? I’m not sure if your research was done on the same internet as I have access to.

EcommerceChamp says:

Hello Tsokoz,

Thank you for your feedback!
Like we discussed in the post that Skill does not have great reviews and has a few unhappy customers, and you seem to be one with a bad experience.

This is a purely informative content based on our research and 1st hand experience with Skrill.

tigowe says:

what about this
[user posted a video which has been moderated]

EcommerceChamp says:

Hello Tigowe,

Thank you for posting the video!
We are not in a position to provide exact reason about the issue, however, it seems that the user might have violated Skrill terms and conditions.

We recommend our readers to carefully evaluate skrill terms and conditions before using it. Please note that Skrill might not fit for all types of business modals.

Thanks !

Jess says:

First of all I want to say great blog! I had a quick question that I’d like to ask if
you do not mind. I was curious to know how you center
yourself and clear your head prior to writing. I have had a difficult
time clearing my thoughts in getting my ideas out there.
I truly do take pleasure in writing but it just seems
like the first 10 to 15 minutes are lost simply just trying to figure out
how to begin. Any recommendations or hints? Thanks!

EcommerceChamp says:

Hi Jes,
Thank you for asking this question, Glad you liked the content.

The best way before you start writing is to carry out some research. I suggest two things:-
1. Try to find out about searchers intent, if you get it right, you will be able to make a rough outline for the content.
2. Check out what is working :). I mean read and absorb the top-ranking search results, the content will give you a clear idea on what you should write.

Remember, do not write what you want to write onto. Write about something people want to know about !


Santo Swinford says:

Woah! I’m really digging the template/theme of this site.
It’s simple, yet effective. A lot off times it’s difficult to get that “perfect balance” between usability aand appearance.
I must say you’ve done a superb jobb with this. In addition,
the blog loads very quick for me on Firefox. Superb Blog!

EcommerceChamp says:

Thank you for your appreciation!
Our of two hundred ranking factors, speed and usability are just two!

Thanks again