Skrill has become a popular payment service for both individuals and businesses. With Skrill, you can send and receive money online across different platforms, both locally and internationally.
Many freelance and content creation platform use Skrill as their payment method. For example; Twitter recently started paying content creators, and the major payment channel for payout is Skrill.
So, when you receive any payment on your Skrill account, you can easily transfer the money to your Skrill account and withdraw your money or leave there in the bank. If this is what you wish to know, we are going to guide you here in this article.
Withdrawal From Skrill To FNB
There are two withdrawal options when you want to withdraw your money from Skrill, they are: Wire transfer and Cheque Card.
1. Wire transfer
The first method is through wire transfer. You can try to transfer the money from your Skrill wallet to FNB, even though there are high chances of a money reversal.
2. Cheque Card
Using your cheque card details, you can try to make a direct withdrawal from your Skrill account to the bank.
Experiment and information from various sources showed that if you successfully make a withdrawal from Skrill to FNB, after a few minutes, your money will be reversed to your Skrill wallet and the charges will be left behind.
If you continue trying then you are going to end up losing more money due to the charges, but the money will still remain in your Skrill wallet.
Both transfer and cheque card methods of withdrawal from Skrill to FNB do not work which suggests that withdrawal from Skrill to FNB may be entirely impossible.
It is wiser not to make a trial more than once trying to withdraw your Skrill money to FNB as the charges are high due to the irregular movement of the money.
Whichever option you want to go for, you may follow the instruction below:
- Open your Skrill account.
- Go to Withdraw.
- Click Withdraw Now under Bank Account.
- Choose your Skrill bank account and click Next.
- Enter the amount and click Next. Depending on your country, you may need to provide additional details (e.g. for Brazil: your CPF/CNPJ number). You may be asked to verify your bank account if you haven’t done so already.
- Confirm the transaction by entering your PIN.
How Long Does It Take For The Money To Be Delivered?
Skrill transfers are completed and the money gets to the recipient between 24-72 hours, or the money will be reversed into your Skrill wallet.
How Do I Transfer Money On Skrill?
Once you have a Skrill account, transferring money via Skrill to other accounts is not stressful. To initiate a Skrill money transfer:
- click on send on your account Enter amount
- Enter recipient’s location and the currency.
- Select the delivery method and the payment method.
The fact that Skrill works with different currencies is still quite amazing. 1.8% of the money being transferred is removed as charges, but charges do not exceed €20. Recipients are always saved so you wont have to re enter the details in subsequent transactions. This also helps reduce errors.
Can You Cancel A Skrill Transfer?
Once Skrill has received your transfer request and sent it to your requested destination, the money is irreversible.
How To Verify Skrill Account And Increase The Limit
Increasing the limit of your Skrill account comes easy when you have verified your account. For verification, you may need to upload documents to show that you are authentic, and a selfie and ID is also required.
Most times, you can be allowed to verify your account or you will be asked to make a deposit or receive a payment first.
- To verify your ID, you will see a screen showing/asking you to download the Skrill app from google play store or Apple app store.
- After this, the next thing is to choose the document type you prefer to use for your verification and the country of issuance. You will be required to scan and upload your documents for review.
- The next thing is to share your address with Skrill, however, this is limited to certain countries only, unsupported countries have to manually upload an address verification document.
- After this, you will get an email verification to show that the process is complete.
Skrill Transaction Failed
Why did my Skrill money transfer fail? The common reasons for Skrill transaction failures vary according to the payment method you are using.
Transaction Failure Resulting From Card
Paying with cards may cause transaction failures if:
- Your card issuer declines your card deposit.
- Your account balance is insufficient.
- Your card details inputted are invalid.
Transaction Failure Resulting From Wired Transfer
Transactions with a transfer can fail if the payment was made with a third-party account not registered under your name. Sometimes, Skrill money transfers are completed but not successful, but this isn’t a problem, as Skrill refunds any incomplete transaction funds back to your account.
