Let’s see why Skrill is the best if you have an opportunity to use Skrill over PayPal.

Features & Benefits of Skrill Payment Gateway

• Skrill offers Prepaid Cards for online payments.
• Offers Rapid Transfer support to over 3,000 banks globally.
• Skrill hosts Digital Wallets for online payment.
• Offer Personal and Advanced features for Businesses.
• Integrates with Neteller for online gaming, Forex trading, social and educational networks, and more.
• Integrates with advanced/ third-party payment options such as Klarna and Paysafecash.
• Offers online businesses access to more than 100 local payment options
• Skrill is full “PCI – Payment Card Industry” compliant with high standards for fraud and risk management.

In the same vein, let’s see the pros and cons.

Cons

• Difficult to change account currency denomination after default selection. That is, if you chose NGN when opening, it is difficult to change to USD. [Don’t make the mistake].
• There is a daily limit for Level 1 and 2 accounts.
• Card funding fees can be better.

Note – It is difficult or you have zero chance to get the account back if wrongdoing is observed [so go legit and careful].

Pros

• Skrill Supports major Credit and debit cards integration and transactions
• Gives online businesses access to more than 40 currencies.
• Skrill will fight you if you use its account for fraud – loss of funds and account termination is guaranteed.
• Gives Loyalties points – free bounties based on frequent account usage.
• Works for Nigerians – how can I forget?
• Easy to use and send funds to other users.
• Offer different transaction methods for businesses – more than 100 payment options.
• Cryptocurrencies and digital assets management are enabled.
• Multi-lingual customer care should you have issues.
• Possible to exchange USD to NGN directly using the CBN rate.

How Skrill Nigeria Works in 5 Steps

• Open an Account
• Deposit funds
• Verify
• Make Payments
• Withdraw Funds.

To begin with, people have asked, can I open a Skrill account in Nigeria?

As already stated, Skrill does work in Nigeria, so, you can open and operate a fully functional Skrill account. But you have to keep your business clean. As in, only legit businesses are encouraged, or else you will be booted out.

Before we see how to create a functional Skrill account in Nigeria, let’s check out the requirements. 

The Requirement to Create a Skrill Account in Nigeria

First off, if you want to transact in USD (that is, a USD Skrill account), remember to select USD as the currency variation and not NGN, else, it will be difficult to change it afterward. Please take note of that.

About the requirements, you know, like PayPal or Wise, creating an account is not the issue, the main issue is possessing the necessary documents for your account verification process.

Below is an inclusive list of things to note before creating a Skrill account as a Nigerian.

• Must be at least 18 years old.
• Have a government-issued photo ID.
• Functional Email Account.
• A computer or smartphone connected to the internet.
• A phone number connected to your smartphone (for SMS text messages).
• Initial USD deposit for complete account usage.

P.S – ID is for the verification stage. (International Passport as the first choice, Driver’s License, and National ID as the second choice).

How To Open a Skrill Account in Nigeria

To create a Skrill account and verify successfully, you need a valid email address, phone number, Government-issued identity card (Int’l Passport, National ID, Driver’s license), and at least $10 in Funding.

Step 1. Visit the Skrill Website

• Go to Skrill.com from a browser on your computer or phone. When you enter the web address above, you’ll land on the same page as shown below.

• Click or tap on “Open a Skrill Account”.
• Enter your details accordingly.
• Select the currency variation you want – NGN or USD

• Click on Register – hit this button when you would have entered all your details as required.

Step 2. Verify your Email Address

Go to the email address used during the account opening process. Click on the link from Skrill to verify the account-linked email address.

Step 3. Complete your Registration

Upon verifying your email, you will be prompted to complete your registration by providing your address, phone number, and date of birth.

This will help Skrill store your data securely in compliance with its Privacy Notice.

Proof of Address Documents Approved by Skrill

Just to help you, here are the types of docs accepted for submission.

• Utility bill (for heating, electricity, water, cable, landline telephone, sewer, gas, etc.)
• Transaction Statement of Account- this can be from any financial institution in Nigeria. This includes – bank, credit or debit card, mortgage, insurance, and investments statements.
• A signed and stamped letter from your financial institution confirming your account with them, your residential address, and your full name.
• Pension Document
• Any government correspondence, including tax documents, and court documents.
• School Enrollment Letter
• Court Document
• Your valid identity document if it contains the address registered in your Skrill account.
• Lease/Tenant Contract.

In the same vein, let’s see the document requirements.

Requirements for Document Approval on Skrill

• The document has been issued within the past 90 days;
• The document must be clear and readable and includes all 4 corners and 4 edges of the page;
• The document contains your full name, current residential address, issue date, and the issuer’s name and logo/insignia;
• The document is in .jpg, .jpeg, .bmp, .gif, .png, or .pdf format;

After providing the above and being approved, the next step is to add money to your account and you are ready to go.

What did I use for the document submission?

I used my bank statement.

All you need to do is log in to your Internet banking platform and download the statement of account, and send it over to Skrill.

Step 4. Deposit Money into the Account

Now, like with the UBA AfriCard issuance, having created and verified your Skrill email address, the next step of action is to fund or deposit funds into the account for full activation.  

Basically, there are 3 popular ways to fund your Skrill Account.

Option 1 is to use USD Bank Wire

Option 2 is to add funds directly from your bank account

Option 3 is to choose a local payment method.

But, but, I mean, you are from Nigeria so the above won’t work out.

As a Nigerian, the ONLY way to fund your Skrill account is to use either a Credit or Debit card. Don’t worry, will tell you what I used. Smile 😂

But first, here are the deposit steps on Skrill.

• Sign into your account
• Click on ‘DEPOSIT’ on the left side navigation
• Select a deposit method of your choice [Credit or Debit card].
• Fill out your details and set your country and wallet currency.

How to Fund a New Skrill Account in Nigeria

This method outlines how to add a bank card to Skrill and then deposit funds using the same. The Bank Card to use for this is the UBA Dollar Prepaid Card.

• Get the UBA Prepaid Dollar Card

Popularly called UBA AFRI Dollar Card. This is one of the best Prepaid Cards in Nigeria with accommodating/manageable monthly and quarterly transaction limits. But that is not our concern though.

If you want to learn more about the Prepaid Card, you can check it out here.

Now, the UBA Prepaid Dollar Card is free for everyone – whether you are a UBA customer or not.

To get the AfriCard, all you need to do is go to any UBA branch and request the card.  

The requirements to get the card at the bank includes BVN, 1 Passport, ID Card (NIN is okay), and a utility Bill (Water or Nepa).

P.S – Isuamfon Offiong did a complete short complete Video guide here/activation for usage

• Fund and Activate the Card

While there are many ways to fund the AfriCard, the best way nonetheless, to fund it online and cheaper is by using a service site called fnfSwap.com.ng.

After getting it from the bank, fund it with fnfSwap, then proceed to activate the card by changing the default pin, add it to your Skrill and move funds.

Amount to fund the AfriCard – I recommend $10-$20 – since the activation fee for UBA is $3.15.

Check out fnfSwap here

• Move Funds to the Account

After funding your card, go ahead and log into your Skrill account, go to the left margin and click “Deposit”, then hit on “Deposit Now”.

Go ahead and enter your card details, confirm the transaction and your Skrill will be funded – and fully activated for use.

With your account verified, you are good to start using your Skrill for the purpose you opened it. #I wish you success.

Step 5. Withdraw Funds for Naira

I know you would have won and successfully made money to your Skrill account.

The next step of action is to withdraw the funds to your Naira Bank Account.

This is the interesting part…

How to Withdraw Funds to Nigerian Bank Account with Skrill [Best Option with Fewer Fees]

Before the new banking policy by the Central Bank of Nigeria which made lots of Naira Cards stop working on USD platforms, digital entrepreneurs could withdraw USD funds easily from Skrill but with this policy, it’s a pain in the ah-as-ss to go about this. Nonetheless, there is good news.

As in, no need to worry as I have outlined 3 methods to easily withdraw your Skrill USD to Nigerian Bank Account – option #3 – is the best withdrawal method with low fees and instant Naira payment to your bank account in 1-15 minutes. Let’s go ⏰.

1. Withdraw Using a Credit or Debit Card

The first option to withdraw from Skrill for Naira is by using a Credit or debit card that works on the platform. And as I stated earlier, the best card for this is the UBA Dollar AfriCard which is free.

And in case your Skrill account was in Naira denomination, then you go for the UBA Naira Prepaid Card, link it to the account, and move funds into it.

If you are going with the Card Withdrawal method, here are the fee and time of funds delivery.

• Withdrawal Card Fee – 5% or more
• Time of getting the Funds in your card – Up to 1 business day.
• Verdict – first off, kindly note that using this method means you won’t get your funds the same day. So, if you would go with this method then I recommend you use the Afri Dollar Card since you get a better rate of USD/NGN conversion than the Naira card.

What do I mean?

With the Naira Prepaid card, you will get an exchange rate of about ₦460/$ or thereabout. But with the USD, you get up to ₦670/$.

• Swap USD for Naira

When you move the USD from Skrill to your AfriCard, get Naira at a high exchange rate sent to your bank account instantly using fnfSwap by IsuaWealthyPlace Publishers.

➽➽ Check out fnfSwap USD > ₦/$ Swap

Read down to see the best withdrawal method.

2. Withdraw Using Bank Account

Another method is to try the Bank method. If you have a Dom account with GTB, Fidelity, Polaris, or Zenith, then you can try this method – [If this still works on Skrill].

If you are going with the Bank Withdrawal method, here are the fee and time of funds delivery.

• Bank Account Fee – $6.07 or more
• Time of getting the Funds in your card – 2-7 business days or more.
• Verdict – if you want to pay $6.07 or more for withdrawal and wait from 2 to 7 days, then you can try out the bank account method.

The best withdrawal method is below 💡🎨.

3. Withdraw Using Skrill to Skrill Instant Transfer [BEST OPTION]

The best method to withdraw your USD funds from Skrill is to use the Skrill-to-Skrill account method.

This method involves sending Skrill funds using the email address as an account number (just as on PayPal) to a recipient.

With fnfSwap Skrill USD Funds Swap by IsuaWealthyPlace, you get the Naira equivalent of the funds sent to them in 1-15 mins max.

The benefits of the Skrill to Skill method include:

#1. Withdrawal is instant – you don’t have to wait for 1, 2, or 7 days as with the other methods.

#2. Minimal fees – you are charged only 1.45% of the total amount instead of 7% or more.

#3. Get Naira instantly – you get your Naira funds in real-time to use easily.

#4. Email Address – withdrawal is done using the Skrill email address of the recipient.

Here’s How to Withdraw Skrill USD Funds Using Skrill-to-Skrill Method

Step 1. Get the latest Naira/USD exchange rate for the Skrill Funds swap by fnfSwap.

From here, you will be issued the Skrill Email Address to use for funds transfer from your account.

➽➽ Connect fnfSwap for Latest Skrill Rate/Email

Step 2. Login to your Skrill and go to “Transfer”.

🡻

Step 3. Enter fnfSwap’s email address in the space provided.

P.S – fnfSwap will give you its Skrill Email Address to use

Step 4. Enter the amount you want to send to them. Click on “continue” when done.

Step 5. Confirm the transaction and send.

Step 6. Get paid to your Naira bank account.

As soon as the Skrill USD Fund drops, fnfSwap will pay you Asap – in 1-15 mins max 🚀.

So, you can see, it is very easy to use the Skrill-to-Skrill method, and also, get your funds instantly and with lesser fees of 1.45% only as compared to the former methods.

Ready to swap your Skrill Fund for Naira? If yes, get started below.

➽ Click here to swap with fnfSwap | Click here to ask questions about Skrill swap

How Long Does It Take to Withdraw from Skrill to Bank Account?

The Skrill-to-Skrill or instant transfer withdrawal is instant with a 1.45% fee only, for Debit or Credit Cards, it can take up to 24 hours with a 7.5% fee or more, and for banks, it typically takes 2-7 or more days with a fee of $6.07 or more. 

The best method remains Skrill-to-Skrill transfer [instant and lesser fees].