Skrill – Winter 2019 Terms Update
We want to introduce some new options and useful changes on the Skrill digital wallet. We hope that these things will interest you and make your use of the wallet even easier!
The main update of the digital wallet are functions those allow to maintain an account in different currencies and use the exchange service. With innocent words, customers have the opportunity to open one account on the Skrill wallet with 1 ID in several currencies.
– Availability: currently only Skrill
– Supported countries: global account support Skrill Ltd, INC goes beyond
– Supported currencies: all currencies supported by Skrill
– Transaction Commission: FX Standard Commission 3.99%
Transactions through multi-currency balances:
Type of accounts: The service offers one main account (when the client registers the account) and additional accounts for each new currency added.
Note: The Skrill prepaid card and all payments related to it, as well as Crypto exchanges are connected only with the main account balance.
Deposit: the ability to choose a currency balance for the deposit. To do this, the client needs to choose a specific currency and the system will create a separate multi-currency account in the wallet, if one does not already exist. For all that, the selection of a specific currency for the deposit does not mean that the deposit will be processed in this currency – it will only create a separate multicurrency account in this currency.
Exchange service: the service allows customers to send / share money from one multicurrency balance to another. The “Exchange” section is available in “My account”. – At the moment, this service is stopped, but will soon be restored.
Withdraw: if a client wants to withdraw funds from his account, he just needs to choose the necessary currency balance. A summary of transaction details will be provided, including processing currency and foreign transaction fees, if applicable.
Sending Money and Wallet Checkout: The client selects a balance for sending funds. Also it is possible to send money to other users from each of the created balances. For this, there should be enough funds on the balance to cover the commission and transaction amount. Clients have the opportunity to choose the currency for payments in the Wallet Checkout system. On the merchant’s getaway, they can choose the balance of their preferred currency from the drop-down menu to complete the payment.
Receiving money: If a client receives money in a currency for which he does not have an account, funds are immediately added to their main balance after currency conversion. If the client receives money in a currency for which a currency balance account already exists, funds are added to this account without conversion.