Digital money transfer and payment platforms make online transactions quick and effortless. Skrill is a popular British online payment system that is widely used in nearly 200 countries including Nigeria. It offers an online payment gateway to e-commerce merchants and an online wallet to individuals and organizations.
Does Skrill Work in Nigeria?
Yes. Skrill is available in Nigeria. It offers an eWallet to residents in Nigeria providing payment, money transfer, and shopping services making it similar to a bank account. Skrill is widely used by people who work, invest, bet, or transfer money to bank accounts in different countries. Skrill account registration is free.
How to Open a Skrill Account in Nigeria
Skrill offers Personal and Business accounts. You can use the Business account to accept payments online through a simple integration to your website. Skrill Personal accounts are used to transfer money, buy cryptocurrency, and shop online.
To open Skrill account in Nigeria, you will need to have a bank account, a valid email address, and a Visa/MasterCard credit or debit card. To get started, go to the Skrill sign-up page and click on the “Sign Up” button. Next, enter your email address and password then fill out the form with details such as account type (personal or business), enter your country of residence and input your currency. Next, select your language (English) and then input your personal details. Lastly, enter your phone number, tick the “I’m not a robot” box and agree to Skrill’s terms and conditions of use. Then click on “Open Account” to open your Skrill account.
How to Verify Skrill Account in Nigeria
The Skrill account verification process meets strict regulatory requirements that help to protect you against fraud and to ensure you always have access to your money. Skrill account verification also helps to increase your transaction limits. To verify your account, log in to your Skrill account and go to the “Settings” page, then choose the “Verification” tab and click “Verify Now” to begin the verification process.
Skrill ID Verification
To verify your ID, you will need to provide a clear photo or scanned image of your passport, ID card or driver’s license. You can take a photo using the Skrill mobile app or the webcam and upload it for verification. When using the webcam, you can choose to take a selfie while holding a handwritten note with the word ‘Skrill’ and the day’s date.
Skrill Address Verification
The next step is address verification. Your computer will ask you to allow your browser to access your location and Skrill will verify if it matches your registered address. If the geolocation service does not work, you can upload address verification documents containing your full name and address such as a bank statement or utility bill.
How to Deposit Money into Skrill Account in Nigeria
You can fund your Skrill account either by bank deposit or with a supported credit or debit card.
Skrill Debit or Credit Card Deposits
If you are a first time user, you will need to provide identity verification before you can transfer money into your Skrill account. Supported cards include Visa, Cartasi, Carte Bleue, MasterCard, Diners, JCB, AMEX, Laser, and Maestro cards. However, not all cards are available in all supported countries.
Skrill Direct Bank Deposits
The bank deposit funding option is available without cross-border charges in all countries. Keep in mind that the bank account used should be held in your name. It will take between 2-5 days for the funds to reflect in your Skrill account.
How to Send Money with Skrill
Skrill allows you to send money in over 40 different currencies. If your Skrill account is dominated in a currency other than Euros, you will need to convert the currency. Skrill’s exchange rate for transfers involving other currencies is 3.99%. To get started, log in to your Skrill account and click on the “Send money now” button. Then, enter the amount you intend to send and how you intend to pay for the transfer. You can send money to a person’s Skrill account or directly to their bank account.
How to Withdraw Money from Skrill in Nigeria
You can withdraw money from your Skrill account via bank transfer and credit or debit card (Visa). To get started, log in to your account, click on “Withdraw” and select the method you want to use. Then, input the amount you want to withdraw, and follow the easy steps to complete your withdrawal.
If you receive money or payment from abroad, you need a domiciliary account to process your withdrawals. A domiciliary account is an account that facilitates international transactions and serves as a savings account for foreign currencies. These accounts are dominated in US dollars, Sterling pounds, and Euros.
Skrill Supported Banks in Nigeria
Several banks support Skrill in Nigeria. They include GTBank, Access Bank Plc, Guaranty Trust Bank, Zenith Bank Plc, First Bank, United Bank of Africa, Fidelity Bank, Union Bank, FCMB Bank, and Stanbic IBTC Bank.
Skrill Fees in Nigeria
Skrill charges low fees for its services. Its charges on deposits, withdrawals, and receipts are as follows:
- Deposits. Skrill charges a 2.5% fee of the deposited amount when you deposit using Visa cards, American Express cards, JCB cards, MasterCard, Diners club card, and international payment services like Rapid Transfer, Neteller, Klarna, Paysafecash, Fast bank transfer, etc.
- Receipts. Skrill does not charge any fee for receiving money.
- Withdrawals. Skrill will charge a 1.75% fee of your withdrawals up to a maximum of £10. Skrill also charges 2.99% for transfers between EUR, USD, CAD, PLN, and GBP currencies. Transactions involving currency conversion will cost 3.99%.
Skrill vs Neteller in Nigeria
Skrill and Neteller are both eWallet providers with simple, safe, and easy to use platforms for money transfers and payment services. The differences come in their money depositing options, their fees, their VIP program levels, security options, and more. However, choosing the best eWallet between the two depends on what you are looking for in an eWallet provider. Read pur complete review of Neteller in Nigeria.
Final Thoughts on Skrill Nigeria
Skrill is an excellent online money transfer and payments platform in Nigeria. However, you might want to try its alternatives including Payoneer, Neteller, and PayPal.