Skrill - Online payments & Money transfer
Skrill is currently one of the most famous and reliable electronic banks in the market since its operations starts in 2001. It is wholly owned by the UK-based company Paysafe, which also owns and operates the famous brand Neteller and is one of the most widely accepted E-Banks in the FOREX brokers, binary options brokers and betting companies over the Internet because of its multiple features, including ease of dealing and acceptance of almost all countries in addition to providing the advantage of immediate payment of electronic payments and ease of integration with websites.
Main Features of Skrill:
The process of opening the account is easy, fast, without any complications and will not take more than two minutes to get a new Skrill account in favorite currency which you can choose at the beginning whether the US dollar, Euro or any other currency available in addition to that can enjoy all of it’s banking services without the need to activate the account, but up to a maximum of $ 170 of transactions per month or $ 500 for life.
Skrill verification process
You must activate the account if you plan to deal with it in amounts larger than this and it is a very easy process, you must pass two levels of verification.
The first level is to upload a copy of your personal ID document where you have to send a picture of front and back sides of any document that contains your image Such as a personal passport, passport or driver's license, as well as another photo of yourself holding the same document next to your face.
The second level is to verify your place of residence, where Skrill provides you an easy way by activating the GPS service in your browser and will directly verify the address in case you use your device at home, but if the verification failed in this way you will have to send an official document containing your address as utility bills or Bank Statement.
Both levels can be passed either by using mobile phones by uploading images directly via the device camera, but if this feature is not available you can easily upload documents from your desktop.
The documents are accepted and the account get fully verified quite often within two or three days.
Skrill is also widely accepted by most FOREX brokers, binary options brokers and online bookmakers. You will probably never need another bank account to deal with all these companies.
Deposit, withdraw & transfer
As for the methods of deposit and withdrawal, Skrill provides immediate account deposit through all types of bank cards, debit cards or credit cards. In additional to depositing via bank transfers.
You can also deposit your Skrill with Neteller or Bitcoin via Bitpay.
As for the withdrawal, all previous deposit methods are available except for the Bitcoin.
Commissions are also very low compared to the rest of the electronic banks where deposit and withdrawal commissions do not exceed 1% as well as commission for transfer from your Skrill account to another Skrill account is 1.45% from the total amount transferred (minimum $ 0.57)
You can also issue a MasterCard debit card on your personal account. You can use it in any ATM machine around the world or at points of sale.
Another powerful feature is Skrill 1-TAB, which allows you to deposit your account with brokers that you deal with without having to enter Skrill itself. You could just select the amount and click on the deposit within your preferred company account and the transfer will be made directly.
Security of your account
Skrill offers a high quality security system where you will have to secure your account using either a PIN code or 2-step authentication system as another layer of security in additional to your password this methods used in cases of doubt or if your account was entered from an unusual place to prevent anyone from stealing your money even if they could Get your password.
Skrill defects
Skrill is a bit slow in the process of verifying the accounts where the process may take several days to accept the documents and inform you about the status of your account.
Also because there is a minimum transfer commission of $ 0.57, it is considered inappropriate for small transfers.
Debit cards are also not available to many countries and do not support Egypt so far.
Support in Skrill
Skrill currently offers three ways to support their customers either via e-mail, telephone or tickets system.
Review Summary
Skrill is the best bank from our own point of view in terms of working in the fields of electronic investment, especially FOREX, binary options or betting, but not suitable for saving or using the debit card either in the withdraw or shopping as it does not submit the debit card to many countries.
Our special offer
You can easily open a Skrill account with Pharos investors and get many special advantages and privileges that include special returns on your banking transfers to merchants, a very fast verification service within 12-24 hours and easier terms to get your Skrill upgraded to VIP account. As well as special 24/7 support via Whattsapp, Skype or the phone in Arabic.
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