Changes in Skrill status system

Skrill Status System

Skrill is set to change its VIP status system from November 3, 2020. We have collected information about the upcoming updates and alternative options for dealing with finances.

No more Bronze

The main Skrill change that awaits us in November is the disappearance of the Bronze VIP status. From November 3, users who had the “Bronze” and did not fulfill the conditions for obtaining Silver will automatically have the regular account status – non-VIP. Also, two new statuses are expected in this category:

Skriller – This is a basic status which will be awarded after registration. It will have a commission for internal transfers (Skrill -> Skrill) of 2.99%.

Skriller Verified – This is an advanced non-VIP option that the user receives after meeting three conditions: account funding, full account verification along with the Skrill mobile application installation. If all of the above conditions are met by November 3, the account will automatically receive an advanced non-VIP after the entry into force of the new rules. Obtaining the Skriller Verified status allows you to transfer money to other Skrill users without any commission.

Skrill account without status and Bronze comparison

Condition No Status (non-VIP) Bronze
Obtaining conditions no conditions Transactions – from € 6K
Commission for withdrawal to a Visa card 7.5% 7.5%
Bank withdrawal fee €5.50 €5.50
Transfer fees between Skrill accounts Skriller — 2.99%

Skriller Verified — 0

1.45%, but not less then €0.50
Currency conversion fee 3.99% 3.79%

At first glance, the changes seem insignificant, because the Bronze status is not different from non-VIP;  it reduces the conversion commission by only 0.2%, and requires less for transferring to a Skrill account than with Skriller. However, details matter.

A Skrill deposit can be made in any of these five ways:

  • Bank transaction
  • Credit or debit card
  • NETELLER account
  • Bitcoin or Bitcoin Cash
  • Through the BOKU service from a mobile phone number

On English-language resources, including the official website of the PaySafe company, which owns Skrill, only the phrase “Make at least one deposit” appears. Nevertheless, there is still enough time until November, so there is a chance that the replenishment will really need to be done in only one of two ways. Minimizing your choice means getting Skriller Verified will actually require a link between your Skrill account and your bank, which was not previously a requirement for verification.

All described changes will affect only Bronze and non-VIP; hence, Silver, Gold, and Diamond remain active and unchanged under the terms:

Status Amount of transactions per quarter Multicurrency accounts Bank withdrawal fee Commission for withdrawal to a Visa card Currency conversion fee
Silver €15К +1 0 0 0 2.89%
Gold €45К +2 0 0 0 2.59%
Diamond €90К +3 0 0 0 1.99%

Knect loyalty program

Before taking on the status system, Skrill launched a new loyalty program called Knect.

It is a common cashback model – users receive points for transactions through the payment system, which they can spend on various bonuses. For every €1 or currency equivalent that goes through a deposit, cashout, payment, or transfer to another Skrill customer, 1 Knect point is credited to the account. Points are awarded strictly for a whole number – that is, when transferring € 1.9, you still get only 1 point, and when transferring less than € 1 – 0 points. The maximum number of points per transaction is 1,000, per month – 500,000. Points are available until January 1 of the next year, then they expire.

The accumulated points can be exchanged through the “Wallet Credit” for real money for a rather strange rate.

Points total Amount received in € Amount received in $
10,000 10 11.77
30,000 30 35.32
50,000 50 58.87
75,000 75 88.31
175,000 175 206.05

Alternatives to Skrill

If you are looking for e-wallet services, Neteller and ecoPayz are good option. Despite the fact that these e-wallets are inferior to cryptocurrencies in terms of safety, they are still reliable when dealing with finances. More poker players are switching to alternative types of currencies to make transactions anonymously in a free environment.

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Marina Taylor

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The last changes of the page “Skrill Changes Its Status System” was made by Marina Taylor on October 13, 2020