Skrill Piling on Fees in April 2017

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February 3rd, 2017
Back Skrill Piling on Fees in April 2017

If anyone is still hanging on to their Skrill accounts by a thread, you may be prepared to cut all ties after their recent notification. As if PaySafe hasn’t gone far enough to kill its Neteller and Skrill payment solutions, the next nail in the coffin will come as of April 3rd. Instead of passing on a bit of good news, they just wanted to drop their customers a note regarding the increased surcharges and fees they plan to pile on.

It has always been free to receive money but now, a new surcharge of 1% is being introduced for all transfers TO your account FROM members in any of the following countries:

Albania, Argentina, Armenia, Azerbaijan, Bangladesh, Belarus, Bosnia‐Herzegovina, Brazil, Bulgaria, Cambodia, Chile, China, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Egypt, Estonia, Georgia, Greece, Hungary, Iceland, India, Indonesia, Israel, Japan, Kazakhstan, Kenya, Korea (South), Kuwait, Latvia, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Montenegro, Nigeria, Oman, Pakistan, Peru, Philippines, Romania, Russia, Saudi Arabia, Serbia, Seychelles, Slovenia, South Africa, Sri Lanka, Thailand, Tunisia, Turkey, Ukraine, United Arab Emirates, Uruguay, Venezuela, Vietnam and Taiwan.

A 1% surcharge will also apply to all transfer FROM accounts of members residing in Taiwan.

Skrill members will pay a 1 Euro ‘Minimum Receive Money’ fee for every transaction sent to your account.

Upload funds fee increases:

  • Sofort, Giropay: 1.9% (up from 1.50%)
  • JCB, Diners Club cards: 2.5% (up from 1.90%)
  • MasterCard: 2.25% (up from 1.90%)
  • Paysafecard: 7.5% (up from 7%)

Currently at 2 EUR, the ‘User Inactive Fee’ will rise to 3 EUR. This fee is charged when you fail to “login or make a transaction at least every 12 months”. What’s interesting about this is that the attachment in the February 3rd Skrill notification email indicates a 100 EUR fee. "You will be charged a monthly inactivity fee of 100 EUR (or equivalent) if no funds have been uploaded, withdrawn, sent or received through the Merchant Account(s) within the last six (6) months.” Interesting.

As a company that boasts, “We’re committed to keeping fees low”, they sure have a funny way of showing it.

“surcharges and fees they plan to pile on”

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