How to Transfer Money From Paypal to Skrill (Moneybookers).
Transfer Money From Paypal to Skrill: There is no direct and legitimate way of sending money from Paypal to Skrill. For such transfers to be possible, both parties must form a partnership agreement. Until then, there are still some ways that you can use to move your funds from Paypal to Skrill.
If you want to transfer payment from PayPal to Skrill but don’t trust a lot of the exchange websites around keep reading to discover the safest and easiest way to transfer money from Paypal to Skrill.
PayPal Holdings, Inc. is an American company established in 1998, it operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.
It’s free to open an account and buy something using PayPal.3 Sign up quickly with your name and email address, then add your bank account, debit, or credit card—and you’re ready to start using PayPal online, in our PayPal app, or in person.
Your PayPal wallet securely stores your credit card, debit card, and bank account info in one place, so choosing your payment option at checkout is a breeze. You can even select PayPal to pay with credit card points.
Skrill is an online payments company that lets you make transactions and transfer money to many countries around the world
The beneficiary can choose to receive funds directly into their bank account, although receiving money into a mobile wallet is also an option for a small number of countries.
Despite the inferiority, Skrill is found on the better percentage of online casinos. For example, Paypal offers 25 currencies to deposit and withdraw your money while Skrill ensures that you can receive and pay money in 41 currencies.
This is not the only reason why Skrill is a better payment service than PayPal.
You cannot transfer directly from the account to the account. If you have a bank account in common between the two accounts, withdraw from PayPal into the bank account and add funds from the bank account to the Skrill and vice versa.
Or withdraw to the card from PayPal and then use that same card to fund your transaction at Skrill and vice versa; withdraw from Skrill to an eligible card that is linked to PayPal and use the card to fund PayPal transaction.
Note that funds can not be extracted from cards, the cards have to be selected as the payment method during checkout, at least that’s the case with PayPal. At Skrill, it’s possible to do card deposits for a fee.
How to Transfer Money from Paypal to Skrill
Use Online Currency Exchange Sites
Some of these websites will necessitate you to make a virtual purchase with the money you wish to transfer and then treat your recipient account as a seller.
You are literally buying non-existent goods with your Paypal account and selling with your skrill account, or vice versa. Some of these sites are; • Payexchanger.com, Exchangepaypaltosrill.com, Rechargewithpaypal.com
Their charges range from 1%-15%, depending on the site. Some websites will make an instant transfer, while several days may pass before the transaction is complete in others. Usually, there is a minimum and a maximum amount which can be sent, normally from $100.
Via Online Service Providers
Even though this is a secure way of moving your funds, it’s a crude technique, especially when setting up. You register as a client and offer a job whereby you pay via Paypal. You then open a contractor account and select your payment option as Skrill.
This method involves opening both a client and a contractor account in a platform that supports both modes of payment.
You must first be sure that the platform accepts cash from Paypal and that contractors can get paid via Skrill.
Second, you must be ready to cater to the commission they charge to connect workers and clients. A good example of such a service provider is Elance.
While linking a debit card to your Paypal account, they will charge a small amount from the card balance. The transaction has a code which you have to enter into Paypal to verify the card is yours. To connect the card to Skrill, they will also charge you a small amount.
This will reflect in your card transactions as 101.9% of the actual transaction. They will not ask you for a code, but the figure in the transaction.
For instance, I was charged $1.08 from my card. To get the actual amount to enter into Moneybookers, multiply by 100 then divide by 101.9. This amount will round off to $10.6, which is the right figure.
To transfer money to skrill, you’ll need to withdraw it from your Paypal account into your virtual account. Don’t leave a margin for the 1% fee. If you have $100, enter the amount you wish to withdraw as $100 and it will be credited in your card as $99.
After a few days, you’ll receive an email from your issuer informing you that your card has been credited with the amount.
Transfer from Paypal to Bank and Then to Skrill
Depending on how your bank works, these transactions may take a while to complete. When the money is in your bank account, you can upload it to Skrill, or send it to your intended recipient.
You must link your Skrill and bank accounts. This strategy is not available to everyone. Paypal does not have banking partners in all countries.