Role of Skrill In Business
Rating: 8 out of 10
IncentivizedUse Cases and Deployment Scope
I use Skrill for various kinds of payment. I have a retail smartphone accessories shop. That's why I need to buy products from abroad. Basically, when I bought a product from a foreign company, I used Skrill as payment system. But there are many countries that don’t have the Skrill payment system. The transaction fee is comparatively low in Skrill.
Pros
- Comparatively low fees
- Support lots of currencies
- Provide high security
- User friendly interface
Cons
- Skrill needs full verification for big transactions. I think they should increase the limit.
- Users need to have a European residential address verified in order to get the MasterCard. This facility should be open worldwide.
- The currency exchange rates aren’t good in Skrill.
Likelihood to Recommend
From my using experience, I think Skrill is best for online shopping. User can buy their necessary products from the international marketplace by using the Skrill payment gateway. But Skrill has a limit on a big transactions. That is annoying for me. The currency conversion rate also fluctuates more compared to the international currency rate.
AI
ANISUL ISLAM VHASHA
Business Owner in Corporate at Network Zone (Telecommunications, 1-10 employees)
Vetted Review
3 years of experience