Users transfer money to their wallets via many payment methods (bank transfer, card, etc.) and then use those funds to make payments or cryptocurrency.
In this article, we’ll tell you all about how to withdraw money from Skrill. Read on to find out more.
|💵 Can I Withdraw Money from Skrill:||Yes|
|💳 Can I transfer Skrill to bank?||Yes|
|💸 Minimum Amount to Send:||No minimum|
|🧾 Withdrawal Fee:||$5|
Skrill is good for gamblers who want to use online casinos because their payment information is protected and hidden. In fact, plenty of casinos partner with the company to provide exclusive bonuses.
What Is Skrill?
|💸 Parent Organization:||Paysafe Payment Solutions Limited|
|🧾 Operating in:||200 Countries|
It is a virtual wallet provider where you can make online payments, send money, withdraw, and, more recently, trade cryptocurrencies. The platform was birthed in 2001 and is currently owned and managed by Paysafe Payment Solutions Limited. It’s used by over 40 million worldwide, allowing digital wallet services in 200 countries and supporting over 40 currencies.
Compared to other payment methods online, it is one of the safest and most secure platforms, operating under the regulations of The Financial Conduct Authority. You can easily become a user with direct access to its website or Skrill mobile app on Google Play Store and Apple Store. The registration process to open a Skrill account is simple, requiring your name, country, currency, email, and password.
However, when it’s time to start transacting, you will need to verify your identity and Skrill account. This is done using valid documents, such as your bank statement, utility bill, and a government-issued photo ID. You can choose to link your bank account to the e-wallet and apply for a SkrillDebitCard to get a simple way to send money.
You do not have to worry about transparency, as your mobile wallet log shows every transaction done using your Skrill account. The platform comes with a few fees, depending on what service you use it for. The fees charged also vary based on location and the exchange rate in the region. Regardless, it’s an instant, confident, and convenient platform to use to send money and for a myriad of other payment services.
Skrill: Transfer Money from the Philippines
As previously mentioned, Skrill is an online wallet that can be used on many websites in the Philippines as a payment method and also to deposit and withdraw funds from Skrill online casinos. In essence, Skill works similarly to a bank account. You use your account to receive money from others, transfer money to others, and pay for things online.
Skrill is used widely in the Philippines because it’s a safe way of keeping your bank details hidden from companies. The company or casino still gets their money, but they don’t have access to your account number, for example. This is just another layer of protection for users.
When it comes to online gambling, Skrill is widely used. This is because many sites don’t deal in PHP, and so players need a way of paying in other currencies, like USD or cryptocurrencies. There are more than 40 different cryptocurrencies available at Skrill.
Skrill even has a prepaid Mastercard option so that people can make payments with that too.
What can I do with Skrill?
In the Philippines, the most common uses of Skrill are:
- Making online purchases.
- Money transfers.
- Having access to funds in a different currency.
- Having access to cryptocurrency for trading or gambling.
- Depositing money to use elsewhere.
How do I transfer money from Skrill to GCash?
GCash is important in the Philippines, and so many Skrill users want to know how to transfer money from Skrill to GCash. GCash has been around for almost 20 years (nearly as long as Skrill), so it’s inevitable that people would like to combine the two. There are lots of online casino GCash sites with great bonus offers. With GCash just being in the Philippines, it makes sense for users to also have a Skrill account when they would like to pay for something in a different currency.
Here are the steps you need to take to send to GCash:
- Download the app onto your smartphone or create an account on the website.
- Log into the app or website.
- Go to ‘Send’.
- Choose ‘Philippines’ and ‘PHP’ as your currency.
- Enter the amount of money you want to send to GCash.
- Select your payment method.
- Enter the GCash-registered number and the recipient’s name (the mobile number needs to be in the correct 09XXX… format).
- Confirm your chosen amount, then send.
- Typically, this transaction is processed in a matter of minutes, and the money will arrive in the GCash account.
If you want to know how to send money from GCash to PayPal, read our guide.
Skrill To GCash Transfer Fees
If you want to withdraw money from Skrill to Gcash mobile number, the transfer fees you’ll attract will depend on where you’re making the transfer. Users of this payment method in the Philippines are charged a 1.45% fee if they send money from Skrill to Gcash. If you send money from GCash to Skrill, you attract a fee of 2.50% of the transaction amount.
You’ll see this fee reflected in the payment details when you’re about to make the transfer, so you’ll know what cost you’re incurring.
Skrill to GCash Exchange Rate
The exchange rate margin to send money from your Skrill account to GCash is pegged at 4.99%. This applies whenever you use the money transfer option from the Skrill mobile app or website to a Gcash-registered mobile number. However, it’s important to note that exchange rates fluctuate at 4.99%, so you might be paying more or less when sending money, as dictated by the rate for that day.
Skrill To GCash Transfer Limits
There are no minimum limits on what you can send from this payment method to GCash. However, you can’t receive funds of more than P100,000 in your GCash mobile wallet. Similarly, the maximum you can send from your Skill account is capped at $30,000 or its equivalent per month.
How to Transfer Money from Skrill to PayMaya
As well as sending to GCash, you can also transfer money from Skrill to PayMaya. To send money from PayMaya, you have to add this payment option to your account. PayMaya is actually now just called Maya, as it’s been given rebranding and a new look. You can also check out the list of PayMaya casinos that are available to gamble in the Philippines.
There are two ways to do this. Here is the first way:
- Log in on the app or website.
- Go to ‘Send’.
- Click on VISA (this is how you send it to Maya)
- Enter your details and the amount of money.
The other way of doing this is by going through Maya and doing a ‘cash in’ option.
- Open the Maya app.
- Select ‘Cash In’.
- Select ‘Bank Account’ and choose Skrill.
- Log into your account and complete the process of authentication.
- Click ‘Authorize’.
- Once the accounts are linked, Maya will be able to take money out of Skrill and put it in your Maya account. If you want to know how to deposit in Skrill from Philippines accounts, this is another way you can do this too.
Though using Skrill in the Philippines comes recommended – particularly to those using online gaming platforms – it’s worth noting that you might have to pay any fee depending on how you use this e-wallet. When you deposit with Visa, Mastercard, Amex, Diners Club International, JCB, Bitcoin, International Bank Transfers, Fast Bank Transfer, Klarna, Paysafecash, Trustly, Neteller and Rapid Transfer, you will pay 2.5% of your deposited amount as a fee. However, there are no fees for receiving money.
If you withdraw to a bank account or buy something online, you won’t pay any charges either. As such, CasinoHEX recommends Skrill for withdrawals from online casinos rather than deposits (unless you’re going to keep money in there from withdrawals (or get someone else to send it to you, so there’s no fee).
Overall, Skrill is a well-known and widely used e-wallet that is loved by lots of Filipinos who use online casinos. Being an international resource means that lots of doors are open to those players in the Philippines who wish to try out offshore platforms.
1️⃣ Can I use Skrill in the Philippines?
- Yes, this e-wallet is widely used in the Philippines as a safe payment method and e-wallet. Using this means online shops and gaming platforms don’t have access to your bank account details, so there is an added layer of security.
2️⃣ Can I transfer funds from GCash to Skrill?
- Yes. This is possible. Both accounts are e-wallets, and payments are usually instantaneous once the link has been authorized.
3️⃣ What is the minimum amount to transfer GCash to Skrill?
- There are no minimum amounts. You can transfer as little as you wish.
4️⃣ Are there any withdrawal fees for transferring money from Skrill to a bank account?
- Yes, Skrill usually charges a fee for bank withdrawals. The fee amount may vary depending on your account type and the country you are withdrawing funds to. You can find the specific fees in the “Fees” section on the Skrill website.