Like PayPal, they don’t charge for account setup or fraud protection, so you get that for free. That’s a bit high compared to PayPal’s $20 chargeback fee, but it’s not exactly highway robbery either. So why are people upset? Another complaint was their chargeback fees.Ĭhargeback fees on Skrill are €25, or about $28.36 as of February, 2019.
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This is comparable to PayPal because it charges 2.9% of the payment plus an additional fixed fee that varies according to the currency The transaction fee of sending money from Skrill to Skrill is 2.99% of the payment when the user is using the card. When I first looked into this, it seemed like a silly complaint. Want to start an online business with no money?įollow this Step by Step Guide to Start a Shopify Print on Demand Business.Īnother common complaint is that Skrill fees are too high. But before you sign up for Skrill, you may want to learn about their fees. Yes, absolutely, Skrill is a legitimate business.
They keep their users safe by making sure people are who they say they are.
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While some customers were unhappy about Skrill’s identity verification procedures, I appreciate them. This is easier to do in Western countries, which may be a big part of their users’ problems. 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. So what were the unhappy customers upset about? has given them a grade of C, and the Better Business Bureau has given them a grade of B.ĭuring 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. Skrill currently has a lot of negative reviews from reputable sites. Let’s look at what their current customers are saying. I’m willing to give them a pass on bad reviews from their Moneybookers era. Gambling is a risky business, and even honest bookmakers will have angry customers. But there’s more to learn.Ī lot of Skrill’s reputation issues stem from the time when they were strictly a gambling payment processor. In the US, they’re licensed in all 50 states.
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They also have a European e-Money license which allows them to operate everywhere in the world outside the US. Is Skrill Legitimate?īefore we talk about Skrill’s features, let me tell you what I’ve learned about the company.įrom the day it was founded, Skrill has been registered with the UK’s Financial Conduct Authority. In 2015, they merged with Neteller, one of their largest competitors. In 2013, the newly-rebranded Skrill purchased paysafecard, an Australian prepaid card program, and was in turn acquired by CVC Capital Partners. To be honest, I could not find the exact reason for their rebranding. In 2011, the company announced that they would be rebranding themselves as Skrill. Originally, the company focused on gambling and e-sports transactions.Ĭan you guess how much the company grew in just 8 years?īy 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. When it was originally founded in the UK in 2001, it was called Moneybookers. Skrill is an internet payment processor, similar to PayPal. What Is Skrill?įirst, let me give you a quick overview of Skrill. I’ve tried to cover all relevant points, so everything you need to know is right here. 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. So, is Skrill legitimate? Or is it a scam? While many reviewers seem to be happy with their service, there are also a lot of posts out there about Skrill scams. If you regularly buy and sell products online, particularly with cryptocurrency, you’ve probably heard of Skrill.
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