I made a blog post about how I loved MoneyBookers’ services. But that was before.
I now abhor Skrill (MoneyBookers) because of the following reasons:
- Lowest exchange rate. Before, the exchange rate between the American dollar and the Philippine peso was slightly higher than PayPal. My last transaction was a pain in the arse. Skrill’s currency converter was way too low. Case in point: $1 =PHP38. The BSP exchange rate that time was $1: PHP42.
- Longer time frame. Before, bank transfer only took 1 ½ days, even if I withdrew money on weekends. With my last transaction, I waited 4 BUSINESS days before it reached my bank. With PayPal, the time frame for money transfer was always 2 days.
If you are planning to use Skrill (MoneyBookers), you should stop and think twice. Even though its bank transfer fees are lower than PayPal, it is not worth it, considering the above mentioned reasons. Better stick to PayPal and endure its high fees.
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Moneybookers: How to Verify Account?
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3 comments:
Thanks for sharing, I'll take note of this. Happy New Year!!!
In addition, the amount you upload (deposit) to your Skrill account or withdraw from your Skrill account and back into your bank or credit card will not be the same as what you requested. Reason is because each and every transaction there will be hidden fees/charges which means you will always end up with less money in your pocket or account in this case. I recommend not using Skrill.
They charged me $27 from $200 during withdrawal.BE AWARE !!!
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