Well then, look no further. We tried the Skrill app to test whether it’s worth it, and we are here to share our sentiments about it to help you. So, if you want to know more about this app, then read on. Read more: 4 of the Best Samsung Pay Rewards In today’s time, we are using our smartphones in every little thing that we do. We use it in our daily tasks, homework, work assignments, and more. So it is no surprise that there are now ways to pay your bills, purchases, and more using a mobile application. Here’s the thing: These mobile payment apps are like mobile wallets, where you can store your digital money. They are similar to credit or debit cards because by using them, you can not use actual cash or cheques but still purchase services and merchandise. Applications like this have become so popular that dozens of them are available for download in the App Store. We have also previously discussed some of the well-known ones before, like Google Pay, Samsung Pay, and PayPal. However… For this article, we are going to discuss a mobile payment app called Skrill. Skrill is similar to all the other apps we have previously reviewed, but what makes it unique is that it has different advantages and limitations than any of the other applications. Now, for you to know more about this application we have found, we made a list of the advantages and disadvantages of using it. So if you want to know if you should try this app, without further ado, let’s get to it. See also: Samsung Pay vs Google Pay (GPay): A Point to Point Comparison
Key Features of Skrill
Skrill, previously known as MoneyBookers, is a digital wallet app that lets you shop even if you have no physical cash. This app gives users a chance to pay for the products and services they avail from online stores, physical shops, and more without having to take out cash from their physical wallets. Sending money to family and friends and receiving money from work is also possible with just a few clicks on this application. Now, to let you know more about Skrill here is a list containing some of its key features:
Easily transfer money from and to anyone all around the globe.Loading of funds through credit and debit cards, bank transfer, ACH, and other global payment methods are possible.Skrill Visa cards are also available for users that want to use ATMs to withdraw cash.Withdrawals are also possible by connecting your Skrill account with your bank accounts.Send money to other Skrill account users easily and quickly.Pay for products and services you avail online.Checking of an account’s balance can be done anywhere and anytime.Real-time notifications will update users for each transaction that happens.Online support is also readily available for anyone having trouble.
If you are interested in wanting to know more about Skrill and want to test it our for yourself, then go ahead and click the Google Play button below. It will direct you to the official Skrill app.
Advantages of Using Skrill
In using the Skrill app you will get a ton of advantages. It’s a great digital wallet app for when you want to pay for your purchases digitally. It makes transactions way easier. But, if you are still not convinced in using this app, then you need to read on and see some of the things we think are advantages of using Skrill.
1. Online Payments
Nifty, right? Skrill is also one of the digital wallet apps that offer this feature to its users. It lets users pay for the items they bought from online partner stores with just a few clicks.
2. Skrill to Other Digital Wallet Apps Transactions
If you are looking for an app that lets you send money to other digital wallet apps, then you should check Skrill out. Skrill lets its users send and receive money from various digital wallet applications. It does not matter whether you are using Skrill or a different app. The transactions you do in this app are also quite quick and easy. It will not take much of your time. To further help you in knowing which digital wallet apps you can transact with, here are a few of them:
PayPalGCashPayoneerGoogle PayNETELLER
3. Skrill to Bank Transactions
Skrill also lets its users connect their bank account to their Skrill account. This way users can transfer money from and to their Skrill accounts with no problems. But, that is not the only bank transaction you can do with Skrill. Using Skrill, you can also send and receive money from other bank accounts. And, all transactions are inexpensive. But the best part about this feature is that you can specify in which currency you are going to transfer the funds. To give you a gist of which banks you can transact with, here are a few of them:
AMEXVISAMastercardJCBMaestro
4. Supports Cryptocurrencies
Cryptocurrency has been a trend in the last years since it is a great digital asset to have. It makes transactions more secure because of the strong cryptography it has. Skrill supports cryptocurrencies, meaning you can buy cryptocurrencies using Skrill. Some of the cryptocurrencies you can buy using Skrill are COINGATE, Lykke, SpectroCoin, and Paybis. Buying cryptocurrencies using Skrill is advantageous since the process is in an instant, and is quite easy.
5. Skrill Card
If all of the things we have listed are not enough to convince you, then we think a Skrill card would. That is right, Skrill offers its users a MasterCard or a Visa Card that they can own. The card they are offering is a prepaid one. This means that you can reload the card by reloading your Skrill account since the card is connected to your Skrill wallet. Using this card, you can withdraw from any ATM if you ever need to get money from your Skrill account. Note: You can also use your Skrill card to pay for online purchases and more.
Disadvantages of Using Skrill
Like any digital wallet app, Skrill also has some shortcomings. There are times that some users are not satisfied with the services it provides. In this article, we want to be honest with you. That is why we also want to share the disadvantages we have encountered while using this app.
1. Limited to Several Countries
As of the writing of this article, we have found that Skrill is only limited to 35 countries. Here are some of the countries where you can use Skrill:
AustriaAustraliaBangladeshBelgiumFranceGermanyGreeceIndiaIndonesiaIrelandItalyKenyaMalaysiaMaltaNepalNetherlandsPolandPhilippinesPortugalSpainThailandVietnamThe United Kingdom
This might not be that much of a disadvantage for those people residing in an area where Skrill is available. But, this is still something we consider to be a disadvantage since it limits users’ transactions. Note: If you want to know the full list of the countries where you can use Skrill then click this link.
2. Transaction Fees
Skrill gets fees from the transactions you make. It charges users $5.50 for when they want to withdraw money from their Skrill accounts. That amount might not be as expensive as you think, but if you are constantly using Skrill to withdraw money that will amount to a lot of money. Although, you can load up your Skrill account for free. Also, if you were to send money to someone, Skrill will charge you a fee of 1.9% of the amount you are going to send.
3. Limited Stores Accept Skrill
Some physical stores do not accept Skrill as a payment option. This is also the case for some online stores. So, if you do not own any other digital wallet app aside from Skrill, this can be quite a bummer. The main use of Skrill to be able to pay for products and services your purchases without the need for physical cash nor credit and debit cards. But, in this case of having limited stores accepting Skrill, it defeats that purpose.
To Sum It All Up
Almost all of the things that we are doing in our everyday lives are now digitalized. So, it is no wonder that even wallets can now be digital. In line with this, Skrill is one of the digital wallet apps you can access with just a few clicks on your phone. With this app, buying products and services are now cashless, quick, and easy. Did this article help you in knowing more about Skrill? Let us know your thoughts in the comments down below. Featured Image Credits
