Skrill is a European owned online payment platform accessible to residents of Nigeria and nearly 200 countries and 40 currencies. The online financial payment platform offers an online wallet to individuals and organizations and a gateway to e-commerce merchants.
Skrill was formally named Moneybookers and rebranded to Skrill in 2001. Its headquarters is based in London and their offices throughout Europe and the US, the staff of over 500 presents in more than 30 nationalities.
Learn ⇒How to open, fund and withdraw from Skrill account in Nigeria. We partner with Skrill, the online financial platform.
Skrill has been making digital payments simple, secure and fast since 2001. You can send money using Skrill to so many parts of the world. The Skrill online wallet is commonly used for online betting, online games, and forex trading such as Bet365, Bet Victor, Ladbrokes, William Hill etc. Skrill has been adopted by many companies, an example is web4africa, as a means of receiving and making payment for website hosting. They are one of the best PayPal alternatives, Payoneer and it is often regarded as second to PayPal. PayPal usually doesn’t permit residents of Nigeria to receive payment in Nigeria only just to send, thus making Skrill gain popularity among Nigerian resident.
Skrill offers two online Wallet account type – Personal and Business accounts.
Skrill Personal Account and Uses
Fund Transfer – with your Skrill Personal account, you can transfer money to several countries and delivered to an either Skrill mobile wallet or to a bank account with the funds originating from a credit/debit or Skrill wallet.
Receive fund – secondly, as Skrill personal account user, you allowed to receive money in Nigeria from other Skrill users across the globe, instantly
Online shopping – thirdly, Personal account users are allowed to make online purchases from hundreds of merchants offering different products and services online.
Trade Cryptocurrency – Personal account users can also buy Bitcoin, Bitcoin Cash, Ether, Ethereum Classic and so many other cryptocurrencies instant.
Skrill Business Account and Uses
The Business account is open for merchants who want to be accepting payment online through a simple integration to their website. The integration comes with enhanced fraud management. The methods supported include:
- Skrill Wallet with 1-tap: a quick checkout page.
- Local Payment Methods: these vary by country
- Credit / Debit cards
- The wallet can be managed over mobile apps.
Open Skrill Account
To open Skrill account relatively easy. You would need:
- an email address – the address would need to be verified
- bank account – this would also help with verification
- a Visa / MasterCard credit or debit card
4. Select your wallet ACCOUNT TYPE – personal or business.
If you are a registered company/business owner and you’re ready to do business, choose “business” account. Also, if you receive a lot of payments from businesses or individuals for services, you rendered, pick “business account”.
If you’re using Skrill to fund to a betting site, make online purchases, or transfer money to other people’s Skrill, then choose “personal” account. If you’re going to be making infrequent, minimal and small transactions personal account is what you need.
5. Enter your COUNTRY OF RESIDENCE – Nigeria, except you are currently outside the country.
6. Input your CURRENCY
Your currency should be USD (US Dollars). This is to avoid double currency exchange fees. If you choose USD, you will not be charged anything for making transfers in Dollars. If you receive payment in Euros or other currencies, they may be a better choice. This is another reason is for a domiciliary account to be in USD.
Make sure you are happy with the currency you have chosen. Skrill does not allow users to switch currencies after their account has been created.
7. LANGUAGE – select English.
8. and then Personal Details
Make sure everything here is spelled correctly. Skrill will check all the details and you may need to verify your name(s) and address with scans of your identification and a utility bill.
The fields they ask for here are:
Address line 1
Address line 2
9. Finally, enter your Phone number, tick – I’m not a robot and agree to Skrill’s terms and conditions.
10. Click on open account as shown below.
IMPORTANT NOTE: Skrill only allows one account per person so do not create multiple accounts under any circumstance as you could end up having it blocked.
THE SECOND AND FINAL PART IS ACCOUNT VERIFICATION
The final fields to enter are:
- Email address
- Date of Birth
- Account Password – This should be obvious but just in case, make sure you choose a very secure password. Don’t go for something like pass1234 or 123456.
Verify Your Skrill Account
Verification is a four-part process with your card details the most important, reason being that you can use Skrill without necessarily completing all the four steps. The only problem is you will be unable to continue to use Skrill after you have made transactions of up to £2,500. Therefore, it is important to make complete verification of a priority.
Its four-part process that include; email verification, proof of physical address, credit or debit card, and statement of your bank account.
The first step is to verify your email address. As with any email verification system, Skrill will send you an email. You click the link in the email and easily your email address gets verified.
The next stage in verification is to verify your physical address. Skrill will send a letter to the address you entered when registering.
The letter you will receive contains a 6 digit code. You must visit Skrill login page and input the code on the verification page. Once that is done, your limits for sending money to other Skrill users will be raised, as will the amount of money you can withdraw.
VERIFYING YOUR CREDIT OR DEBIT CARD
Skrill account verification using Naira MasterCard (No longer working)
The third part in getting verified with Skrill is to set up your debit or credit card. The name you used registering must match the name on your debit/credit cards.
Skrill will charge a small amount to your card around $2.00. Once you verify it, they will refund this amount back to your card.
VERIFYING YOUR BANK ACCOUNT
You have two ways of confirming your bank details. You can either deposit money to Skrill by bank wire or you can withdraw money.
Updated: Manual deposit of fund into Skrill account via bank wire transfer is no longer accepted.
On very rare occasions, withdrawals from Skrill may not show the code in your bank statement. If this happens, Skrill will provide third party option that will allow you to verify your bank account, manually. However, in order to do so, you will need to send them on some more details.
You will need to email them a screenshot of your online bank account statement or else a scanned copy of a statement from your bank.
These must clearly show:
- Your name (the account holder)
- Your account number
The item on your statement that shows the withdrawal from your Skrill account. If you have trouble with this, visit bank and request for a print out of your actual transaction SWIFT, send it to Skrill support. Your bank will supply you with a copy of this on request.
VERIFYING YOUR BANK BY UPLOADING FUNDS:
In order to do this, you will most likely need to visit your local bank branch. Simply copy down Skrill’s bank details and fill them in on an international wire form. Use your internet banking account, to transfer money internationally online.
Sending wires internationally can be expensive and the cost varies from time to time.
Notes for Freelancers and Businesses
If you chose the business account option at the beginning of this write-up, you need to send Skrill to support the following items:
- A copy of an identification document such as a passport or driver’s license.
- A copy of a utility bill showing your home address from the past 3 months.
If you followed all this process, your account will be completely verified by Skrill.
Updated: Verification of skrill account is now very easy as you can verify your account online quick using either your driving license, national ID card or Permanent Voters’ Card(PVC) and statement of account.
Skrill Login / Sign In
You can log in to your account from their website. You can also download Skrill mobile App on your Android and iOS apps for iPhones, iPads. With Skrill mobile app, you can easily log in and manage your account on your mobile phone.
Fund your Skrill Account in Nigeria
You can fund your Skrill account in Nigeria using Visa card. To fund your Skrill account;
- Login to your account on Skrill website or download their mobile app.
- Enter your card details and enter the amount. Save your card to easily add money to your Skrill wallet.
- Select upload fund. You will receive an OTP depending on your bank.
- Input the OTP on the form provide and send.
Using your Visa card to deposit funds into Skrill cost 1% and it’s instant if you’ve verified your Visa card. One of Nigerian VISA card that works is UBA naira VISA card.
For uploading money to your Skrill account depending on the platform you’ll get charged nothing to as high as 5.6%.
Using bank transfer via Swift is free and it takes 2 to 5 working days to process.
Using bank transfer via Swift is free and it takes 2 to 5 working days to process.
Updated: Skrill no-longer accepts bank transfer. So, manual bank transfer to skrill is no-longer working.
Skrill supports many international and local card types such as AMEX, JCB, Diners, Maestro, Paysafecard etc. Methods like American Express and Paysafecard cost 2.5% and 7% respectively.
Withdraw Money from Skrill account in Nigeria.
To withdraw funds from Skrill Account;
- Login Skrill mobile App or website
- Select withdrawal and enter your card details. Save your card details
- Enter the amount and withdraw.
Some of these processes and fees can seem a little overwhelming but it’s relatively straightforward. Here is a comparison with PayPal
|Multiple currencies per account||1||2|
|Verification method||Withdraw small sum from the account||Deposit small sum to your account|
|Registration time||1 day||2 days|
|Accounts per customer||1||2|
|Merchant Transaction Fee||2.99% (+ Fixed amount)||4.5% (+ Fixed amount)|
|Currency conversion fee||2.99% t0 3.99%||Free|
|Dormant Account Fee||£1 per month after 12 months||Free|
|Gambling||Allowed and Encouraged||Requires advanced approval|
|Bonus to sign up for gambling||Yes, through promotion offered||None|
|Use for buying and Selling “adult’ services||Yes, they do not interfere with personal morality||Interfere|
|Master Card/Debit Card offered||All customers||Only US customers|
In conclusion, Skrill is a secure payment gateway, for individuals and Nigeria online merchants and a wonderful alternative to PayPal as an online money transfer platform and for web payment.
To exchange Skrill in Nigeria, use trusted e-currency exchangers. A good exchanger you can use to fund your Skrill account in Nigeria is (well, I don’t trust them) MyTopExchange.
Warning: I have never use MyTopExchange before. If you’re going to use it, that’s at your own risk! You can buy Skrill from us and you can also sell Skrill to us here in Nigeria. Contact us at 07038844464 or [email protected] to fund your Skrill account today. You can also buy Skrill, PayPal, Bitcoin and Payoneer funds from us.
Note: It is against Skrill’s terms of service for it to be bought or sold through an online digital currency exchange. Thus, you cannot buy Skrill in Nigeria as you would Bitcoins or other e-currency. You can, however, fund your account using a valid Visa card that is linked to your account.
If you run into any issues opening, funding or withdrawing from Skrill account; you can leave a comment below using the comment box.
Note that you will need a domiciliary account to process withdrawals (that’s if you are going to be receiving money or payment abroad). If you do not have a domiciliary account and want to open one, read this; How to Open a Domiciliary Account with Gtbank, Firstbank and Zenith Bank to create one.