The financial world has gone digital to the point that there is increasing adoption of digital payment platforms by people to send and receive money conveniently across the globe. But do not fret about the preferred option to go for, as you can send and receive money with Skrill in Nigeria.
Skrill is a digital payment platform that offers multiple online payments and money transfer services. This platform is known to operate in over 130 countries where it has about 40 currencies available for its digital wallet. This means that Skrill enables you to access a multi-currency wallet that allows you to handle online payments, make transfers, and save money in the Skrill wallet.
Moreover, you can also buy cryptocurrencies on the digital platform. This is similar to how you can buy and sell Bitcoin in Nigeria on Prestmit.
There is the proliferation of different digital payment platforms in the online space, but Skrill avails itself to enable both local and international transactions – such that you can send money or make online payments within and outside Nigeria with the digital wallet. Therefore, irrespective of the account destination of your sender and recipient, Skrill is a one-stop digital wallet to send and receive money.
You can in a way liken the payment services of Skrill to that of Prestmit in which you can make different payments on Prestmit. Therefore, you can fund your betting account, pay electricity bills, buy airtime, buy data, and cable tv bills on Prestmit.
Broadly speaking, we can not overemphasize the myriad of benefits that using digital payment methods like Skrill offers. This ranges from the convenience of use to fast transactions that make it a toast for many people, especially businesses that make cross-border payments.
But, both individuals and businesses can use Skrill for varying payment and money transfer purposes due to the variety of payment options available on the platform.
In the sequel to this discourse of digital payment, this article is to guide you in how to send and receive money with Skrill in Nigeria to experience a good level of convenience with an online payment strategy.
How To Set Up A Skrill Account In Nigeria
You must be a registered Skrill user to enable you to access the online payment and transfer services available on Skrill. Here are the quick steps to create your Skrill account in Nigeria:
- Go to signup.skrill.com to create a Skrill account
- Enter your personal details and create a password
- Open your Skrill account in Nigerian naira
- You can now deposit money into your Skrill wallet from your local bank account in Nigeria
However, opening a Skrill account is similar to opening an account with your local bank – which requires you to provide some documentation to enable the verification of your account. These documents are:
- Proof of identification that could be an international passport, driver’s license, or national identity card
- Proof of address
- Bank Verification Number (BVN)
The last step here is to agree to Skrill’s terms and conditions.
How To Verify Skrill Account
In similitude to other payment platforms (traditional and digital), you may need to verify your Skrill account for KYC purposes while offering you online payment services. In this regard, you can verify your Skrill account in two different ways, namely, card verification and bank verification.
1. Card Verification
You can verify your Skrill account with either your credit card or debit card – which is similar to what you do with your PayPal account. Upon the completion of your registration process, you can start to deposit money as you can also use your Skrill account to withdraw money with your bank card or from a traditional ATM.
2. Bank Verification
You will need to provide your Bank Verification Number (BVN) and your state of account to enable you to verify your Skrill account with a Nigerian bank.
Ways To Send Money With Skrill
There are two (2) different ways in which you can send money on Skrill. You can send money to another Skrill account and you can also send money to a bank account or mobile wallet.
How To Send Money From Skrill To Skrill Account
- Log into your Skrill account and navigate to “Send”
- Choose “Skrill to Skrill” on the transfer section of your Skrill account
- Enter the recipient’s phone number or choose a recipient from your recent recipient list
- Enter the amount of money you want to send. Here, you can pay with a card with the amount you plan to send is higher than your available balance on Skrill
- Verify the summary of your transaction and proceed to send the money by entering your PIN
How To Send Money From Skrill To A Bank Account
- Log into your Skrill account and navigate to “Send”
- Choose “Send money to a bank account” in the transfer section of your account
- Select your preferred country and currency
- Enter the amount you are sending
- Choose your preferred payment method
- Enter your details
- Enter your recipient’s details and confirm the transaction
- Submit your payment
How To Send Money From Skrill To A Mobile Wallet
- Log into your Skrill account and navigate to “Send”
- Choose “Send to a mobile” as your preferred money transfer option
- Choose your preferred country and currency
- Enter your amount
- Choose your preferred payment method
- Enter your recipient’s name and phone number
- Confirm all the details and send
Ways To Receive Money With Skrill
You can use your Skrill account to receive money from another Skrill account and it is also possible for you to receive money from a bank account or mobile wallet. Therefore, how it works depends on your preference.
How To Receive Money From A Skrill Account
You can receive money from another Skrill account either as an individual or a business entity.
- For individuals: you need a valid email address or phone number to receive money into your Skrill account.
- For businesses: you can receive money into your Skrill account from any supported site. Receiving money on Skrill is free for businesses, although some businesses may apply certain fees to the transaction.
How To Receive Money From Bank Account
- Log into your Skrill account
- Navigate to “Deposit” and choose “Bank transfer”
- Copy the bank details and the reference number
- Make a transfer from your bank account into the Skrill account with the provided details
- You will receive money in your Skrill account
Security And Safety Tips For Using Skrill
As innovative as Skrill is to make digital payments simple and seamless, it is important to proactively take some precautionary measures to make your funds and transactions on the platform safe.
1. Keep Your Password Secret
It is common knowledge that passwords are designed to be private codes that restrict access to your account or device. The same is the case here as you must ensure that you keep your Skrill’s password from the reach of people’s knowledge. As such, you must keep the password to your Skrill account in your heart as you do with your local bank accounts.
Irrespective of your relationship with people, it is always advisable and safe to not divulge this important access code to anyone.
2. Enable Skrill Authentication PIN
This is an additional security feature that protects your activities on Skrill. The authentication PIN is a 6-digit code that you can use to log into your Skrill account and authorise various payments on the platform.
Benefits Of Using Skrill To Send And Receive Money In Nigeria
1. Fast Transactions
Transactions on Skrill are considerably fast when you use the platform to send or receive money in Nigeria. But the speed is faster than you do a Skrill-to-Skrill transaction – as your payments can be completed and confirmed within a few minutes. So you can be sure of a fast transaction when you are sending or receiving money from another Skrill account in and outside Nigeria.
2. Secure Payments
Every payment on Skrill is safe and secure. This is owed to the state-of-the-art security system put in place to protect all funds entering and leaving your Skrill account. For instance, the Skrill Authentication PIN and a two-factor authentication (2FA) code gives you exclusive access to your account.
Also, there is a prompt email and mobile phone notification of every activity on your account to give you security alerts on your account.
3. Low Transfer Fees
Transfer fees are relatively low on Skrill, essentially when you are sending money from a Skrill account to a bank account in another country. However, transfers from one Skrill account to another are free of charge. This means that you can send money to another Skrill account or bank account in Nigeria at zero charges.
Frequently Asked Questions About Using Skrill In Nigeria
Is It Free To Use Skrill In Nigeria?
Yes, you can use Skrill for free if you are only receiving money. But fees may apply if you have a business account with Skrill, and this largely depends on the nature of your business and the amount you receive from time to time.
Is Skrill Payment Safe?
Skill is considered safe to use. It has security infrastructures like the 2FA and a formidable customer authentication PIN that protects the funds of its users.
How Do I Receive Money With Skrill?
You only need a verified Skrill account and a valid email address to start receiving money with Skrill in Nigeria.
Conclusion
Sending and receiving money from anywhere in the world is possible if you can go digital to assume some good level of convenience. This is the benefit you stand to enjoy when you create a Skrill account you can make online payments and send money via the platform.
However, it is important to verify your Skrill account and keep your funds safe on the platform to use the innovation of Skrill to your best advantage.
