Skrill - Fast, secure payments
Overview
The application Skrill - Pay & Transfer Money is the official mobile platform for the Skrill digital wallet, managed by Paysafe Holdings UK Limited. Skrill has operated in the digital payments space since 2001 (originally as Moneybookers), positioning itself as a secure alternative to traditional bank-mediated cross-border payments, online merchant checkouts, and multi-currency exchanges.
Skrill serves high-volume digital industries, including online gaming, sports forecasting, and forex trading, where users require fast, secure payment solutions. The app allows users to fund their digital accounts via credit/debit cards, bank transfers, or localized payment options, and then spend those funds across thousands of partner websites without exposing their bank details. It also supports instant peer-to-peer (P2P) transfers to other Skrill users worldwide using only an email address or phone number.
The app features integrated support for the physical and virtual Visa Skrill Prepaid Card. This card links directly to the user’s digital balance, allowing them to withdraw cash at ATMs, make in-store purchases, or complete contactless mobile payments via integration with Google Wallet.
Skrill encourages user activity through its "Knect" loyalty program, which awards points for both incoming and outgoing transactions. These points can be accumulated and redeemed for cash rewards credited directly to the user’s balance. Frequent transactions can elevate users into "VIP Skriller" tiers, which offer reduced currency conversion fees, higher limits, and dedicated support.
The application also features a "Sports Corner" module. This section provides real-time scores, league standings, and AI-driven match probability analysis for soccer tournaments. This integration appeals to the app's core user base of sports forecasters and recreational gamers, creating an active environment that goes beyond standard ledger transactions.
From a compliance perspective, Skrill is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. It secures user data with two-factor authentication (2FA) and SSL encryption. Despite these robust protections, the app's high transactional fees and strict identity verification processes are common areas of user feedback.
Pros & Cons
Supports instant international peer-to-peer transfers using only the recipient's phone number or email.
Integrates with the Visa Skrill Prepaid Card for cash access at ATMs and contactless payments via Google Wallet.
Features the "Knect" loyalty rewards program, letting users earn points and redeem them for cash back.
Allows users to hold, manage, and convert balances across more than 40 fiat currencies.
Includes an integrated "Sports Corner" with live scores and AI-driven match predictions.
Fully compliant with FCA regulatory standards, utilizing 2FA and SSL encryption for data protection.
- ✕
Virtual cards are limited to a set number of transactions per day, with replacement cards costing $2.50 each.
- ✕
In-app currency exchanges and ATM withdrawal fees are relatively high compared to modern neobanks.
- ✕
The mandatory identity verification process is strict and can occasionally delay access to funds.
- ✕
Cryptocurrency transactions are highly speculative and carry significant trading fees.
Download
FAQs
Is Skrill directly regulated like a traditional bank?
No. Skrill is an authorized electronic money institution regulated by the Financial Conduct Authority (FCA) under the trade name PSI-Pay Ltd. It does not offer typical bank deposit insurance.
How do I earn and redeem points with the Knect program?
Points are earned on all outward and inward transactions. For example, 5,000 loyalty points can be redeemed for a $5 cash credit directly to your account.
Can I freeze my Visa Skrill Prepaid Card if it is misplaced?
Yes. The application features an in-app freeze toggle that immediately suspends card transactions. It can be unfrozen just as easily.
What are the transaction limits for new Skrill accounts?
New accounts start at the "Classic" level with lower transaction limits. Verification upgrades the account to the "Silver" tier, which increases transfer limits and lowers fees.
Does the app support cryptocurrency purchases?
Yes. Through integrated exchange modules, users can trade popular digital currencies, such as Bitcoin and Ethereum, directly within the ecosystem.
Hot Reviews
Users commend Skrill's swift transaction speeds, particularly for sweepstakes deposits and withdrawals, making it a reliable alternative to traditional banking options.
Some users express dissatisfaction with the high transaction fees for converting fiat currencies, noting that costs can add up quickly during active use.
Reviewers criticize the transaction limits placed on the virtual prepaid card, noting the frustration of having to pay a $2.50 fee to cancel and replace a card to bypass these limits.
Users appreciate the app's real-time notifications for incoming and outgoing transactions, which help them manage and monitor their funds closely.