Skrill is a financial services company based in United Kingdom. They are one of the best Paypal alternatives, and often regarded next to PayPal. If you are looking for a step-by-step guide on how to open and Fund Skrill account in Nigeria then you are at the right place.
Skrill accounts currently offers an online gateway to e-commerce merchants and an online wallet to individuals and organizations.
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Skrill started with the name Moneybookers in 2001 and is based in London, United Kingdom with an office in Miami, USA. It is popular with industries including online betting, online games, and forex trading.
How To Open and Fund Skrill Account in Nigeria
What is Skrill Account?
This account gives a user access to the various services provided by Skrill. These include deposits, transfers and withdrawals.
Skrill offers Business and Personal accounts.
The Business account allows a merchant to accept payment online through a simple integration to their website that comes with enhanced fraud management. The methods supported include:
- Skrill Wallet with 1-tap: a quick checkout page
- Local Payment Methods: these vary by country
- Credit / Debit cards
The Personal account enables users to
- Transfer Money: these transfers can be made to several countries and delivered to a mobile wallet or to a bank account with the funds originating from a credit/debit or the Skrill wallet.
- Shop Online: it is possible to make online purchases from hundreds of merchants across the globe offering products and services.
- Buy Cryptocurrency: users can buy any of Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, Litecoin, XRP and 0x, instantly.
Open Skrill Account In Nigeria
It is easy to open a Skrill Account through their website.
You would need:
- an email address – the address would need to be verified
- bank account – this would also help with verification
- a Visa / MasterCard credit or debit card
Skrill Login / Sign In
In addition to logging in to the account from their website, their Android and iOS apps for iPhones, iPads and Android smartphones are also very useful.
The mobile app is a very useful way to manage the account.
Skrill Account Login
Once you have entered the required registration details, you will be asked to set up two-factor authentication or create a user PIN (personal identification number). This helps keep your account secure during login.
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Skrill Account Verification
Once the verification option becomes open, a user is presented with a choice of methods to provide the required additional details. One is expected to upload a valid, unaltered, clear photo or scanned image of one of the following:
- Front and back page of a driving license
- Face match photograph
- Address verification document
- Front and back of national identification document
- Photo page of the user’s passport
Skrill Identity Verification
A user can choose to verify their identity via their Facebook profile. Once a user starts the verify ID process, they are presented with two options.
- Downloading the Skrill account app: Through the app, a user can use the camera on their smartphone to take a photo and upload it for verification. You can download the Skrill mobile app from Google Play Store or from the Apple App Store.
- Using a webcam: A user can use the webcam on their computer to capture an image and upload it for verification. Additionally, one can also upload a selfie while holding a handwritten note with the word Skrill and the day’s date. When you choose to upload a photo, you will be prompted to select the document type as well as the country of issuance.
After uploading the document, the information submitted is then under review. Once verified successfully, the user receives a notification and proceeds to any remaining verification steps.
Address Verification
If an account user has not shared their browser’s location, they are prompted to complete the address verification step. Keep in mind that the geolocation service is only available to select countries so it might not work in your country. When the service is unavailable, the company gives users the option to upload address verification documents manually.
How do I fund my Skrill Account?
Once you have completed all the Skrill account opening steps, you have several funding options available.
Bank Deposit
You can fund your account directly from your bank. This option is available without cross-border charges in all countries. However, the transfer must originate from a bank account held in the customer’s name. Bank transfers take two to five days before the funds can reflect on the user’s online account.
Debit and Credit Card Deposits
You can also fund your digital wallet using a debit or credit card. These deposits are usually instant, but first-time users will be required to provide identity verification.
Skrill supports Visa, AMEX, Mastercard, Cartasi, Carte Bleue, Laser, Maestro, Diners and JCB cards. Some of these cards may have limited availability depending on a user’s country of residence.
Skrill does not support prepaid and virtual cards as a means of funding an account. Keep in mind that for a card transfer to work, the cardholder must also be the Skrill account holder.
Having a Skrill account has made it quite easy to receive and send funds all over the world. Skrill users in Nigeria can receive and withdraw funds in the local currency using the digital platform. The service comes at a reasonably low fee and funds get processed quite fast.
While there are various other online payment options available to users, Skrill is undoubtedly one of the best ones worth considering.
Buy with Skrill
Thousands of other merchants in Europe and elsewhere accept Skrill for goods and services. these include Lindex, eGifter, Ethiopian Airlines, Skype, etc.
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Receiving Money
All Skrill customers can receive money to their digital wallets. For first time receipts, a user is required to submit the same details as are necessary for first-time deposits. Funds can only be accessed by logging in using the email address to which the funds are sent.
Once a user submits the required details, the funds get credited into their account (in their preferred currency).
For example, if someone sends you money in American dollars, but your preferred currency is the Euro, the funds will be credited in Euros. The company will charge a 3.99% currency conversion charge for such scenarios.
Frequently Asked Questions
Does Skrill accept Nigeria?
Yes. It is available to use by residents of Nigeria.
How do I deposit money into my Skrill account?
You can deposit either with your Visa or Mastercard credit or debit – or with your bank account by wire transfer.
How long does it take to transfer money from Skrill to a bank account?
If you withdraw via wire transfer (SWIFT), this will take between 2 and 7 business days depending on your bank.
How much can I withdraw from Skrill?
Considering the fees, it is a good idea to keep your withdrawals to a minimum of $100.
How can I receive money from Nigeria?
You can receive money from other Skrill users either by having them send money to you directly or through a cart on your website.
Can I use Skrill without a bank?
Yes, you can but it is a better experience to use it with a bank account.
Which cards are accepted by Skrill?
Skrill accepts Mastercard and Visa cards.
Is Skrill better than PayPal?
This is subjective and depends on the use-case.
How do I get a Skrill Mastercard?
This is available to residents of Europe only.
How can I withdraw money from Skrill to Mastercard?
You can only withdraw to supported Visa cards
Conclusion
The guide above is all you need to successfully know how to open and fund Skrill account in Nigeria and as you have seen they are not rocket science.
When making transfers with a Skrill account, be aware that currencies like USD, EUR, GBP, CAD, and PLN currencies come with 2.99% transfer fees.
If there is any other thing you would like to know about opening and using a Skrill account in Nigeria that I have not mentioned in this post, feel free to share in the comment section and I will be glad to answer.
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1 comment
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