ow does it feel when you want to buy an international product but don’t know how to pay for it?
Although there are various payment methods but due to the heavy transaction fees, one resists going for these methods. But Skrill is different.
Formerly known as Moneybookers, Skrill is a digital payment gateway to send, receive payments or shop online. It’s powered by Paysafe and recommended for its low transaction fees on international transfers. You can use Skrill as a digital wallet for making online payments. Skrill app is also available on Playstore.
When it was established as Moneybookers it was geared towards the gambling industry but now it’s a fully authorized company serving millions of customers around the globe.
It’s offered in 40 different currencies allowing you to transfer money instantly using Skrill Money Transfer through debit card, credit card, or bank transfer.
Before we answer everything, you must be curious to know if Skrill is banned in Pakistan then know that it isn’t. It’s legal and you can use it to send or receive money online. If you’re a freelancer, you can also use a Skrill account to receive money through email.
If you’re looking to start with Skrill, here’s all you need to know:
How to Sign Up on Skrill?
Signing up on Skrill is a simple and quick process as on other websites. Open www.skrill.com, click on ‘Register,” enter your name, country, email, and password.
Important: Select the currency for which you want to send or receive money.
Once your account is opened, you’ll need to add your debit or credit card to send money. If you’re new to Skrill don’t try to verify your account unless you start getting the money in your wallet.
How to Send Money on Skrill?
There are two options to send money to Skrill. Either send it to a Skrill account or go for an international money transfer.
If the person you’re sending the amount to has a Skrill account, it will be easier for you to send instant money to his/her email address. Else, you can go for international money transfer.
In USD, the minimum transfer amount is 2.43.
For international payment, select the amount and currency, enter the ID of the person, bank account details and click confirm.
The exchange rate on each transaction will be shown to you before sending the payment so check it before you process it.
And that’s how your payment will be sent to the specific account or person.
How to Withdraw Money from Skrill?
Earlier, there wasn’t any cheap option to withdraw Skrill dollars to a local account. But now JazzCash has made this easy.
Once you have the money in your account, choose the ‘Withdraw’ section from the mobile wallet option, and select “Withdraw Now.”
Add Jazzcash in your mobile wallet option, enter the account number and then click on the “Add Mobile Wallet” option.
Now, enter the amount you want to withdraw. Here, Skrill will all show the limit you can withdraw. Click “Next” to proceed.
Confirm the next message and the amount will be transferred to your Jazzcash account in 2-5 working days. If still, you don’t receive the money, you can reach out to Skrill customer support to inquire about the process.
The withdrawal fees on the local transaction range from 2 – 7.50% while for the global transactions, the fees will be 5.50 Euros.
If you send money from your Skrill account to another Skriller, the charges will be 2.99% while receiving money doesn’t require any fees.
The fees will be visible before you confirm any transaction.
Methods to deposit money in Skrill in Pakistan
There are three options to deposit in your account:
- Deposit via Credit/Debit card with 2.50% transaction fees
- Deposit via Neteller account
- Deposit via Bitcoin or Bitcoin cash with 2.50% transaction fees
Although Skrill in Pakistan provides a vast number of features but still for Pakistani freelancers the transaction fees can be high. So until and unless you aren’t running a global business it’s better not to adopt Skrill.
Also, there are a lot of scams for trading Skrill dollar in Pakistan so don’t trust any resource unless you’re 100% satisfied with it.