Skrill is the best Paypal alternative to Nigerians who need to make online payments and transactions. Here you will learn how to open a Skrill Online account, How to Fund your Skrill Account from Nigeria and How to withdraw money from your skrill online account in Nigeria.
Skrill (formerly known as Moneybookers) are a financial services company based in UK. With Skrill, you can make simple, secure and quick online international payments and money transfers.
Most Nigerians now prefer Skrill to Paypal for some many reason, for example; Nigerians are only permitted to send money using Paypal, they can’t receive money but with Skrills you aren’t restricted.
Verified customers of foreign better platform like Bet365, Bet Victor, Ladbrokes, William Hill and so on can withdraw winnings into skrill account and then withdrawal from Skrill account in Nigeria. Skrill also has a cheaper currency conversion fees than Paypal.
They are also some important things to take note of when using Skrill online payment in Nigeria;
To receive money or payments abroad, You will need a domicilary account to process withdrawal.
As a customers, it is very important to note that Skrills is a highly regulated company based in UK and the company strictly abides to the by anti-money laundering laws in the UK and throughout Europe.
How to Open a Skrill Account
Before you begin note that Skrill only allows one account per person, therefore multiple account will be blocked.
You can easily open a Skrill account online by following these steps below;
1. Visit Skrill website on www.skrill.com and click the “Sign Up” button.
2. Select your account type. Customers can either open a Personal account or a business account.
If you are want to use your Skrill account to pay for goods and service, transfer money to other people or fund your foreign betting account then you can choose PERSONAL account. This type of account is best for infrequent, minimal and little transactions.
While if you receive frequent payment from Companies or people for your services rendered or You own a registered company then you should choose BUSINESS.
3. Select your Country
4. Choose Currency
Before you select your preferred currency note that Skrill doesn’t allow customers to switch currency after account creation.
Also USD(US Dollar) is the preffered currency to choose, this is because your domiciliary account is in USD and also skrill will not charge you for making transfer in Dollars.
This is just my opinion, feel free to make your decision depending on your preferred currency for your online transactions.
6. Enter your Personal Details
The required details are;
Address line 1
Address line 2
Note that all these details will be verifed using you scanned copies of your valid identification and utility bill, so be sure they are accurate before you submit.
7. Now enter your Phone Number, then the tick the Google Captcha “I’m not a robot’, then agree to terms and condition then click OPEN Account.
Then next step is account verification.
You will need to enter the following account credential;
Date of Birth
Account Password – This is very important, ensure your account password strength is strong.
Skrill Account Verification
Verifying your Skrill account is done in four processes which are includes Email verification, physical address, credit/debit card, and bank account.
For security reasons all processes are very important but not urgent as you can still use your account without completing all verification processes but note that there will be some limitations.
Email Verification – Skrills will send a confirmation email with a link to the email address which you provided during account registration. Open your email and Click on confirmation link to complete the Skrill email verification.
Physical Address Verification – In this process, skrill will send a letter containing a 6 digit code to the address which your submitted during account registration. When you receive your letter, login your skrill account and enter the code to to complete the Skrill physical address verification.
Verifying Credit/Debit Card – When setting up your Credit/Debit card on Skrill, make sure the name on your Skrill account matches the name on your Credit/Debit.
After successfully entering your Credit/Debit details, a small amount of about $2 will be charged to your account then after verification, skrill will refund the money.
Verifying your Bank Account – To verify your bank account on skrill, you much provide;
- A valid I.D – Drivers license, national ID card or Permanent Voters’ Card(PVC)
- Statement of Account
After you successfully verified your skrill account, your limits of fund transfer and withdraws will now be increased.
How to Fund Skrill Account in Nigeria
In Nigeria, you can only fund your skrill account using VISA card. Other international and local card types supportted on Skirlls are AMEX, JCB, Diners, Maestro, Paysafecard.
Also know that Skrill will also charge you a fee for uploading cash to your skrill account. The fee for funding your skrill account using a VISA card is 1.9% of your deposit.
How to Withdraw Money from Skrills Account in Nigeria
Skrill customers in Nigeria can withdraw money via credit or debit card(VISA) and bank transfer. It is also important to know that they is fee for each transaction.
The fee to withdraw money from your skrill account is 1.75% of your withdrawals up to a maximum of £10. Also transfers between USD, GBP, EUR, CAD and PLN currencies attracts a fee of 2.99% while transfers involving any other currency like Naira attracts a fee of 3.99%
Skrill is considered by many Nigerians as the best alternative for Paypal to make quick online international payments and money transfers. I also recommend you try out skrill today.