The withdrawal fee, international transfer fee, and FX fee will change for Skrill users in February 2021. Is this the end of free P2P?
Skrill has announced that the current fees are going to change at the end of February 2021. Skrill has been introducing smaller changes throughout 2020. For example, the Skrill verification process has changed, the VIP program scheme. Now, a new wave of changes is to hit the shore on February 22, 2021.
If you are interested in the changes in 2020, go to the All Skrill ewallet updates in the 2020 article. For changes yet to come in 2021, read our Skrill update below.
Skrill announced that it will be changing the following fees:
To compare the costs of sending money internationally check the fee comparison table on current fees and fees after February 22, 2021.
| FEE TYPE | before Feb 22, 2021 | after Feb 22, 2021 |
| Withdrawal Fee from Skrill Account to a NETELLER Account |
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| International transfer - sending money in the same send and receive currency |
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| International transfer send money FX markup Fee |
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In a nutshell, individual Skrill money transfers will no longer be free of charge. From February 2020 onwards, Skrill accounts will be charged up to 4.99% for sending funds abroad; either for the FX rate if they are sending money to a country with a different fiat currency, or for an international transfer within the same currency.
The domestic money transfer fee is currently at 2% and at this point, there are no indications that Skrill plans to change the domestic fee.
Find more about Skrill fees and how to avoid Skrill fees.
Skrill plans to increase its presence in the gaming sector further.
The Skrill wallet is already one of the most popular deposit methods on poker, casino, and sportsbook sites. Players and punters alike appreciate the swift transfers and level of discretion. Paysafe will most probably increase the number of gaming platforms accepting Skrill.
Despite the announced cost increment of personal money transfers, the Skrill ewallet will continue to support the gaming and gambling communities with free deposits and instant withdrawals from gaming merchants. Affiliate commission will therefore not be affected by the fee changes to Skrill P2P service.
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