Kat Moon in NETELLER
9 अप्रैल 2020

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Lower fees for Skrill and Neteller money transfer

As of April 8, 2020, a changed fee structure applies for newly registered Skrill and Neteller accounts

Lower fees for Skrill and Neteller money transfer

Skrill and Neteller made slight changes to their P2P fee structure. This is undoubtedly good news for all newly created accounts that haven’t made their qualifying deposit yet. Please note, that the new fee policy applies only to account created after April 8 only.

We have made a comparison of fees before March 18, and after April 8, so Skrill and Neteller clients can see the difference between P2P fees for their accounts.

What has changed in the Skrill and Neteller fee structure?

Skrill and Neteller are reducing fees for all new accounts (created after April 8, 2020) that have not made an eligible deposit yet. For those accounts, the fee for sending money to family and friends will be fixed at 4.49%. Skrill and Neteller will charge 4.49%, but there is no minimum or maximum fee, and no difference between the first and following transactions. As long you have not made an eligible deposit, your cost for sending money to Skrill or Neteller wallet will be 4.49%.

Once you have made an eligible deposit the money transfer fee or P2P fee will drop to default 1.45%.

The new Skrill/Neteller fee structure only applies to new Skrill and Neteller customers, who opened an account after April 8. If you have unlocked your account before that date, the previous fee scheme applies to your account.

To be very clear on the fee structure, we have made a comparison of fees that were introduced for the accounts created after March 18 and the latest amendment of Skrill and Neteller fees that apply to new accounts created after April 8, 2020.

Comparison of previous and new P2P fees for Skrill and Neteller

For customers who have not made an eligible deposit to their Skrill or Neteller account:

Skrill/Neteller accounts created after March 18

Skrill/Neteller accounts created after April 8

  • the first time P2P fee 10% (min of 100 EUR or USD)
  •  P2P fee is fixed 4.49%
  • subsequent P2P fee 2.99%
  • No following P2P fee, the fee remains at 4.49%

 

For customers who made an eligible deposit to their Skrill or Neteller account:

Skrill/Neteller accounts created after March 18

Skrill/Neteller accounts created after April 8

  • the P2P fee drops to 1.45%
  • the P2P fee drops to 1.45%

 

With the new rules in place, the new Skrill and Neteller clients are no longer committed to making a first minimum deposit of 100 USD or EUR.

Ewallet customers are advised to make an eligible or qualifying deposit, as this will result in fee reduction from 4.49% to default fee of 1.45%. At this point, we should clarify what are eligible deposits.

What are qualified or eligible deposits for Skrill and Neteller? 

Eligible deposits for Skrill:

  • All deposits are considered eligible, except if Skrill clients deposit with another P2P transfer, NETELLER, paysafecard or BitPay

Eligible deposits for NETELLER:

  • All deposits are eligible, except if Neteller clients deposit with P2P transfer, Skrill, paysafecard, Neosurf, Qiwi or BitPay

How to further reduce P2P fees for Skrill and Neteller?

If you would like to further reduce the fee for person-to-person money transfers, you should consider applying for VIP status. Skrill and Neteller clients have to make a certain amount of deposits to a merchant to be eligible for VIP status. However, if clients open a Skrill or Neteller account through a Paynura affiliate, they will get on the fast track for Skrill VIP and get an instant Neteller VIP upgrade.

You can see the benefits of the Skrill and Neteller VIP program in our Big comparison between Skrill and Neteller.

Are you thinking of promoting Skrill and Neteller?

Paynura developed an advanced tracking system with a backend system that allows affiliates to track their users, commission from Skrill and Neteller referrals, and access tailored marketing tools.

Affiliates have access to exclusive benefits so that they can provide competitive incentives to their clients and players. If you want to know more about Paynura affiliate program for Skrill and Neteller:

Start today, join Paynura.

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