Payment Services on the Net – Skrill

Skrill (ex-Moneybookers) is a very useful device for those who arrange their finances or often shop online. About 16 million people use this fast and relatively safe online payment service worldwide, which was launched in 2002 and has been one of the recognized market leaders in the field since then. By its help, you cannot only pay for goods purchased on the Internet, but for different online services as well; thus, for example, you can upload money to your poker account from Skrill, and you can also ask for a payment from poker rooms to a Skrill Account.

Skrill – Sign-up

Sign-up on Skrill is completely free and takes only a few minutes. You can open a personal or a business account, and right at the beginning, you can also apply for a Skrill Mastercard linked to your future account. The e-mail address you enter when signing up should be identical to the one you use at poker rooms. Furthermore, it is recommended to tick the Link my credit / debit card option because thus shortly after signing up, you can start using the offered services right away.

Skrill – Mastercard

The card can be demanded right at signing up or later. Its annual fee is €10. You can withdraw money at over 1.5 million ATMs worldwide only for €1.8. All the other transactions carried out by a Mastercard is free, including online and offline purchases (in restaurants, online and offline shops) and bank transfers.

Skrill – Credit / Debit Card

Adding your credit or debit card will allow you to upload money from your bank account to your Skrill account, to transfer money to your bank account and to send and receive money to and from other Skrill clients. The detalis of your credit or debit card are handled under strict conditions and are not given out to a third party. You are going to need the following details of your credit or debit card: the 16-digit number of the credit or debit card, the expiry date of the card and the 3-digit CVV2/CVC2 number, which can be found on the back of the credit or debit card after the last four digits of the 16-digit number. (That is, your bank account number is not required.)

Skrill- Credit / Debit Card Verification

For the attachment of a credit or debit card to your Skrill account, a random sum between €1.01 and €2.99 is withdrawn from your bank account. This sum needs to be withdrawn accurately and in e-u-r-o from your bank account, since it will verify later that you are the holders of the bank account linked to the given credit/debit card. (Abuse with stolen card details can be thus eliminated.) Access path: My account -> Account Status -> Credit/Debit Card -> Add. Once verification has occured, you can right away send and receive money by Moneybookers. What is left is to mark the purpose of your MB account: if you tick NON-GAMING for instance, you will not be able to transfer money to poker rooms – you should proceed with attention here.

Skrill – Security

You can ask for SMS notifications about the transactions connected to your account. Therefore your will also be aware of everything that happens. In your account History you can follow even the daily stats of your transations with details where you have transferred money to and received it from. However, you can be checked as well – in your own interest of course – so you can be asked for the scanned or photo version of your identification and address verification cards.

Skrill – Limit

Every time we log in, a transaction limit is set to your account. In the beginning, it is generally €1000. If you want to increase your transaction limit, you can do so by verifying your address. (My account -> Account Status ->Address.) Next a letter is sent to your address, and by entering the code sent in it, you can verify your address and increase our limit. (If you apply for a Mastercard after sign-up, the procedure is the same; it takes approximately a week to arrange both.)

Skrill – Fees

Every upload is free, but if you transfer money outside the system, €3.5 is charged for cheques and €1.8 for bank and Visa card transfers. If transfer is between MB clients, receiving money is free, but sending costs €0.5. Payment and shopping by Mastercard is free as well, but if you withdraw money, it costs €1.8.

Moneybookers – Transfer Time

If you upload your Skrill account by bank transfer, your request is granted in 2-5 workdays; by credit or debit card upload, the money is instantly displayed. If you withdraw money from your Skrill account, the money arrives at your bank account in 2-5 workdays. Transactions between users are carried out immediately.