Use of Skrill (former Moneybookers) / myLot

India

September 9, 2018 11:05pm CST

Now after getting fedup with too much fees of Paypal, I have decided to join Skrill. I made it and got 40$ from BMF. According to Skrill, their fees is 1.5% (or 1.45%); however some people says Skrill can charge fees as nearly $10 even for small transections. But as a starter, I have to ask from experts how they felt and feel Skrill? How much fees they are charged? What are the Pro and Con with it and how they deal with CONs? It says we can even buy and sell bitcoins with it, means in India where buying/selling Bitcoins is not allowed, we can still do this via Skrill. But for everything, I need guidence and information.

3 people like this

3 responses

Anna

@LadyDuck (502812)

• Italy

10 Sep 18

I knew nothing and I searched, this is what I read on their site Skrill charges a 1.9% transfer fee (capped at €20, or equivalent) and takes a 3.99% margin on the exchange rates. The total cost of your transfer can therefore be almost 6% of the amount I am happy with PayPal, Skrill sounds more expensive.

1 person likes this

yugocean

@yugocean (9963)

• India

11 Sep 18

That is odd, really if still is expensive, then I have to keep away from it, but still I got no experience too and there are 40$ in Skrill. Only good thing is that, it did not charged for receiving.

1 person likes this

Anna

@LadyDuck (502812)

• Italy

11 Sep 18

@yugocean I receive the money from myLot on PayPal and I am never charged any fee.

1 person likes this

yugocean

@yugocean (9963)

• India

11 Sep 18

@LadyDuck Other sites like BMF when pay, Paypal charges fees.