Big Skrill Fee Increases

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  • Optional
    Administrator
    • 06-10-10
    • 61527

    #1
    Big Skrill Fee Increases
    Anyone else receiving this notice from Skrill?

    I barely use them as the old fees when using multiple currencies were already ridiculous, so it may just be me on the lowest tier?

    But these seem crazy!

    Think about how this will add up if loading with CA$ and wanting to use books that take US$ and Euros. You cop 5% sending to each one then another 5% when withdrawing.

    Plus last time I did this, they used a terrible exchange rate that adds another 2.5% on the fee as well.


    We are writing to inform you that we are making changes to some of the Skrill Fees.

    As of 22 February 2021 the following Fees shall apply:
    • Currency conversion Fee – 4.49% per transaction added to the Skrill wholesale exchange rates;
    • Withdrawal Fee from Skrill Account to a NETELLER Account – 3.49% per transaction;
    • International transfer send money Fee for the use of Skrill Money Transfer – up to 4.99% per transaction - applicable to international money transfers in the same send and receive currency only.
    • International transfer send money FX markup Fee - up to 4.99% per transaction.

    You can also find the upcoming updated Skrill Fees following this link.

    These changes shall apply automatically to the services Skrill provides to you on the date shown above.
    .
  • Alfie White
    SBR Wise Guy
    • 09-02-17
    • 684

    #2
    They are a sinking ship as more and more people turn to bank transfers. F Paysafe and their insatiable appetite.
    Comment
    • Alfa1234
      SBR MVP
      • 12-19-15
      • 2722

      #3
      You'd think they would understand that, having increased fees about 20 times now, their profits go down with every increase instead of up.

      They lose more clients with every increase so have revenue drops instead of revenue increases...their solution? Not drop fees again to attract more customers, no, their solution is to increases fees for their remaining customers, getting them to leave as well. This is elementary business, but they don't seem to get it.
      Comment
      • ouzoun
        SBR Sharp
        • 10-21-12
        • 322

        #4
        They have a managerial problem.
        Comment
        • HeeeHAWWWW
          SBR Hall of Famer
          • 06-13-08
          • 5487

          #5
          Ten years ago I was using them constantly, switching money between dozens of books.

          Haven't used them in ages now - no real need when bank transfers are instant and secured.
          Comment
          • enzo
            SBR Rookie
            • 03-23-17
            • 23

            #6
            tooo much greed!!! rising fees every 3 months , they know that there is not enough options specially for us third world countries
            Comment
            • Alfie White
              SBR Wise Guy
              • 09-02-17
              • 684

              #7
              There is, BTC and Online Banks, super easy and super affordable.
              Comment
              • Optional
                Administrator
                • 06-10-10
                • 61527

                #8
                Yet a recent takeover values the company at 9 billion dollars


                .
                Comment
                • Motorhead11
                  SBR High Roller
                  • 09-04-18
                  • 238

                  #9
                  Originally posted by Alfie White
                  There is, BTC and Online Banks, super easy and super affordable.
                  What online banks you mean mate? N26, Leupay etc or normal banks with banking license?
                  Comment
                  • Alfie White
                    SBR Wise Guy
                    • 09-02-17
                    • 684

                    #10
                    Those you mentioned + Paysera, Revolut, ClearJunction etc etc; there is some good solutions out there. I use several obviously, spreading the risk
                    Comment
                    • horja1
                      SBR Hall of Famer
                      • 01-13-11
                      • 5646

                      #11
                      Originally posted by Optional
                      Yet a recent takeover values the company at 9 billion dollars


                      https://www.paysafe.com/en/paysafegr...nounce-merger/
                      Prob only 5 or less same time next year.

                      Haven't used them since 2015.
                      Comment
                      • lonnie55
                        SBR MVP
                        • 04-08-16
                        • 2689

                        #12
                        A few years ago Skrill + Neteller was THE payment method when it came to gambling/betting. I would say 90% of my transactions were done via Skrill or Neteller.

                        Now, due to geo-restrictions, licensing issues, policy stuff (fees are not even the main reason), it probably makes 10-15% of my total transactions. There are so many better alternatives now: Ecopayz, Bitcoin, Trustly, MuchBetter, Jeton etc

                        Is there any country or region where Skrill/Neteller still is the dominating payment method?
                        Comment
                        • Limited
                          SBR Sharp
                          • 09-18-15
                          • 303

                          #13
                          Is the money with Skrill still safe?
                          Comment
                          • Foxx
                            SBR Hall of Famer
                            • 05-25-11
                            • 5831

                            #14
                            And once Neteller and Skrill got under that same Paysafe umbrella, they increase their fees in step with each other. Neteller fee increase email went out Tuesday. Skrill waited until Saturday. Basically the same exact email.
                            Comment
                            • ouzoun
                              SBR Sharp
                              • 10-21-12
                              • 322

                              #15
                              Obviously not. That is why they try to eat it slowly with fees.
                              Comment
                              • cristianbet
                                SBR High Roller
                                • 11-18-06
                                • 136

                                #16
                                I stopped using them long time ago.
                                I'm using Revolut now.
                                Comment
                                • Motorhead11
                                  SBR High Roller
                                  • 09-04-18
                                  • 238

                                  #17
                                  Originally posted by Alfie White
                                  Those you mentioned + Paysera, Revolut, ClearJunction etc etc; there is some good solutions out there. I use several obviously, spreading the risk
                                  Bookies accept all those as deposit methods?

                                  Never used them as all those don't provide bank statement and thought there will be an issue with bookies.

                                  What proof of deposit do bookies require when you deposits via those institutions?
                                  Comment
                                  • Alfie White
                                    SBR Wise Guy
                                    • 09-02-17
                                    • 684

                                    #18
                                    Why would they not accept it? It is YOUR PERSONAL bank account; only difference is that everything is online and there are no psychical places, sort to speak, but all of these mentioned are regulated either by FCA or by some other finance authority. Regardless, as said, I split the risk and keep my balance spread across several.

                                    Also, every single one I use has bank statement which you can download in PDF.

                                    But I see your question - you need to have clear explanation how the funds got there and where you are getting the funds from, as long as you can explain that and back it up with docs, you are good. I have been asked for source of income couple of times last few months, nobody had issues with my explanations.
                                    Comment
                                    • Motorhead11
                                      SBR High Roller
                                      • 09-04-18
                                      • 238

                                      #19
                                      Originally posted by Alfie White
                                      Why would they not accept it? It is YOUR PERSONAL bank account; only difference is that everything is online and there are no psychical places, sort to speak, but all of these mentioned are regulated either by FCA or by some other finance authority. Regardless, as said, I split the risk and keep my balance spread across several.

                                      Also, every single one I use has bank statement which you can download in PDF.

                                      But I see your question - you need to have clear explanation how the funds got there and where you are getting the funds from, as long as you can explain that and back it up with docs, you are good. I have been asked for source of income couple of times last few months, nobody had issues with my explanations.
                                      Is there any online bank you can suggest? I know many don't allow online gambling (Transferwise/Revolut etc).
                                      Comment
                                      • Limited
                                        SBR Sharp
                                        • 09-18-15
                                        • 303

                                        #20
                                        Ledger - Bookmakers - Ledger
                                        Ledger - Merchants - Ledger
                                        Ledger - DEX - swap for - Fed/coin - tax payments.

                                        This should be the future. F**k the middlemen.
                                        Comment
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