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Skrill Product Guide

TrustRadius Insights
July 2, 2024
Finance & Accounting, Product Guides

Skrill Product Guide

Thinking about purchasing Skrill? Our product guide was crafted from our vetted user reviews to give you insights into how the product performs for its current customers. Find out where Skrill excels and discover potential pitfalls before you buy.

Highlight the Right Reviews

Throughout the guide below, there are links directly to reviews. Select the reviewers most relevant to you, and those links will be highlighted in blue.






Financial Transactions

Payment Processing

Reviewers consistently praise Skrill’s payment processing capabilities. Users appreciate the ease of conducting international transactions and the ability to send and receive payments globally. Skrill’s payment processing functionality is seen as a valuable asset for businesses looking to expand their reach and streamline their financial transactions. The platform’s support for multiple currencies and efficient transfer options has garnered positive feedback from users across various industries. (Source Reviews: 1, 2, 3, 4, 5, 6, 7, 8)

“Skrill includes advantages such as a simple money transfer mechanism.”Representative in Corporate, Banking, 51-200 employees

“Skrill is ideal for small to medium-sized businesses and startups who want to send and receive payments while also developing their business abroad.”C-Level Executive in Information Technology, Information Technology & Services, 51-200 employees

“Skrill has simplified payments to various countries that we used to transfer funds to using multiple other vendors, saving on time and increasing ROI.”C-Level Executive in Research & Development, Marketing & Advertising, 11-50 employees

International Transactions

Reviewers consistently praise Skrill’s international transaction capabilities. Users appreciate the convenience of sending and receiving payments globally, expanding their business reach to different countries, and making purchases from international vendors. While some users note limitations such as currency exchange rates and verification processes for larger transactions, overall, Skrill is seen as a valuable tool for conducting efficient and secure international transactions. The platform’s ability to facilitate cross-border payments and support various currencies is highlighted as a key strength by users across different industries and business sizes. (Source Reviews: 1, 2, 3, 4, 5, 6, 7, 8)

“Skrill is my preferred way of doing money transactions abroad typically when I need a safe secured and efficient way of sending money overseas and the amount is low.”Employee in Research & Development, Environmental Services, 5001-10,000 employees

“Skrill includes advantages such as a simple money transfer mechanism. It is a global payment processor because it is accessible from everywhere.”Representative in Corporate, Banking, 51-200 employees

“Skrill is a very good option if you receive payments from abroad and want it quickly. Skrill is also good if you are good with cryptocurrencies.”Manager in Human Resources, Retail, 501-1000 employees

Currency Exchange

Reviewers show a mix of opinions regarding Skrill’s currency exchange capabilities. Some users appreciate the convenience of being able to exchange money from different countries with various currencies efficiently. They find it beneficial for making international transactions and receiving payments from freelancers. However, others express concerns about Skrill’s exchange rates, stating that they could be more competitive, especially for larger transactions. Additionally, some users mention limitations such as the need for full verification for significant transactions and restrictions on obtaining a MasterCard without a European residential address. Despite these varying viewpoints, Skrill’s currency exchange functionality appears to cater to a diverse range of users with different needs and preferences. (Source Reviews: 1, 2, 3, 4, 5, 6, 7, 8)

“The currency exchange rates aren’t good in Skrill.”Director in Corporate, Telecommunications, 1-10 employees

“The exchange rate could be more competitive typically for bigger transactions.”Employee in Research & Development, Environmental Services, 5001-10,000 employees

“Skrill does allow you to make purchases on European websites and send money outside of the United States.”Representative in Corporate, Banking, 51-200 employees

Fees and Security

Transaction Fees

Reviewers have expressed mixed opinions regarding Skrill’s transaction fees. While some users appreciate the platform’s low fees and efficient international payment services, others have raised concerns about the comparatively high fees in certain situations. Additionally, there have been mentions of withdrawal fees being on the higher side, impacting the overall user experience. It seems that the transparency and consistency of Skrill’s fee structure play a significant role in shaping user perceptions of its transaction fee capabilities. (Source Reviews: 1, 2, 3, 4, 5, 6, 7)

“Fees are quite high compared to other platform; With mobile app you have access to limited amount of withdrawal.; Withdrawal fees is also there which is quite high”Employee in Marketing, Financial Services, 51-200 employees

“Skrill allows paying with fairly low fees; Skrill supports quite a few locations and currencies; Skrill allows usage by people using different languages, which makes it easier to sync with non-English speakers; Skrill has an average but not terrible business account management system”C-Level Executive in Research & Development, Marketing & Advertising, 11-50 employees

“Zero transaction fee with the bank to bank transfer or funds fueled by debit card transfer even for smaller amounts.; Competitive exchange rate”Employee in Research & Development, Environmental Services, 5001-10,000 employees

Account Security

Users consistently highlight Skrill’s robust account security measures as a key strength of the platform. The emphasis on high-level security protocols, multi-step verification processes, and stringent authentication requirements resonates positively with reviewers. While some mention minor inconveniences with the verification process, the overall sentiment leans towards a strong sense of trust and confidence in Skrill’s account security capabilities. The platform’s commitment to ensuring secure transactions and protecting user data is widely appreciated by those who value a safe and reliable payment environment. (Source Reviews: 1, 2, 3, 4, 5, 6)

“I verified my account to use all features, connected some of my credit cards and now when I want to receive a payment or if I want to send a payment to someone, the first question I ask is ‘Do you have Skrill?'”Manager in Human Resources, Retail, 501-1000 employees

“Skrill needs full verification for big transactions. I think they should increase the limit.”Director in Corporate, Telecommunications, 1-10 employees

“What I like best about Skrill is that it allows me to conduct international transactions without having to go through cumbersome deposit and withdrawal processes.”Employee in Marketing, Financial Services, 51-200 employees

Security and Verification

Some users appreciate Skrill’s emphasis on security, noting the high level of protection provided by the platform’s verification processes. However, others express concerns about the complexity and length of the verification procedures, suggesting room for improvement in streamlining these processes. Despite mixed opinions, Skrill’s commitment to maintaining a secure environment through verification measures is acknowledged by users, highlighting the importance of robust security protocols in the realm of online transactions. (Source Reviews: 1, 2, 3, 4, 5)

“It has a high level of security. For financial reasons that is a great relief.”Director in Marketing, Entertainment, 51-200 employees

“Because of the high security requirements for signing in, no one can readily access the account.”Employee in Marketing, Financial Services, 51-200 employees

“Verification is too long; Currency rates are not the best; Some countries are not eligible for Skrill card.”Manager in Human Resources, Retail, 501-1000 employees

About the Author

TrustRadius Insights
TrustRadius Product Guides are created by synthesizing user reviews to identify commonly discussed topics. These guides highlight common use cases, frequently used features, and more. While this is a beta feature, it is our mission is to provide you with the best information possible to make confident and trusted technology decisions. If you feel something is missing or incorrect, please let us know.

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