Skrill is an online wallet and payment gateway that Pakistanis can use for global payments. But account holders may deal with more than wallet and fees when trying to move or get money in Pakistani rupees. Learn more about Skrill, how it works and what to expect if you do open an account in Pakistan.
For an easy and convenient way to get money transfers directly to a Pakistani bank account, check out Wise.
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Is Skrill available in Pakistan?
Skrill is available in Pakistan for Pakistani residents. You can sign up and register online. But, it is not possible to hold money in Pakistani Rupees in your Skrill account.
Any money you add to your Skrill wallet will need to be converted into one of the global currencies they offer. The conversion can be done through Skrill using their exchange rate, so you donât need to convert the money before adding it.
Here are a few of the currency options when you open an account in Pakistan with Skrill:š
- Euros
- British Pounds
- Canadian dollars
- Australian dollars
- UAE Dirham
- Swiss Francs
- Indian Rupees
- Saudi Riyal
- Singapore dollars
- US dollars
- Turkish Lira
- Kuwaiti dinar
- Qatari Rial
- Jordanian Dinar
- Omani rial
Skrill can be used to make payments at hundreds of global sites and to send money. Money can also be sent to other Skrill users or to send money to a bank account globally. Skrill has 40 different currencies which can be used to send money. And since Skrill is a wallet, you can hold the money, send it globally, or withdraw it. ²
Skrill does have fees so it can often be more expensive than other money transfer services. Check out the section below on the fees to expect with Skrill.
How to create a Skrill account in Pakistan
You can create an account on Skrill online from Pakistan. Here are the steps:
- Go to the Skrill website or download the app on iOS or Android
- Click on Sign up
- Enter your first and last name (make sure it matches an ID)
- Select Pakistan from the country drop-down list
- Choose which currency you would like to open the account with
- Enter your email address
- Enter a password
- Agree to the terms of use and click on Register
After following the steps and confirming your contact details, you have created an account on Skrill. But to start sending money or making payments, you will need to complete the registration by providing Skrill:
- Your complete postal address
- Date of birth
- Mobile number
- Nationality
Pakistani residents may also be asked to confirm a source of income or wealth and how you plan on using the Skrill account from a drop-down menu.
While your Skrill account will have a primary currency, it is possible to hold multiple currencies in a single account. Once you have an account open, you can exchange money into a different currency in your account and hold or make payments in both. There are fees for exchanging currencies within Skrill.Âł
How to send money to Pakistan with Skrill?
If you want to send money to Pakistan with Skrill, you can do it in two main ways:
- Skrill money transfer: You can transfer money to a bank account by bank transfer, debit, or credit card payment. There are transaction fees and currency conversion fees on each transaction. You will need the recipientâs bank account details to complete.
- Skrill to Skrill transfer: You can send money to another holder of a Skrill account. This also carries a fee.
Both options are available from the Skrill dashboard. Before sending money with Skrill, you will need to fill your Skrill wallet by depositing funds using a debit or credit card.
It is free to receive money into a Skrill account, but depending on the currency you may get a currency conversion fee. It is free to use your Skrill account at websites that accept Skrill.
How much time does it take to receive money in Pakistan with Skrill?
Receiving money can be instant with Skrill into a Skrill account. An international money transfer to a Pakistani bank account can take 24 to 72 hours.â´
How to withdraw money from Skrill in Pakistan
There are 3 ways to withdraw money from Skrill in Pakistan. Each way has its own fees that Skrill takes out before depositing the funds. Here is what to know about the withdrawal options:
Medium | Description | Skrill fee to withdraw |
---|---|---|
Jazz Cash | Jazz Cash is a mobile wallet in Pakistan. You can receive Skrill funds into a Jazz Cash wallet and then transfer the money to your bank account.âľ | 1.45% |
NeTeller | NeTeller is not very popular in Pakistan but it is a wallet that can receive funds from Pakistan.âś | 3.49% |
To a bank account | A bank account transfer to your local account. | 5.50 EUR |
Skrill fees in Pakistan
Here are the fees to expect when you use Skrill in Pakistan:
Fee | |
---|---|
Deposit money into Skrill | 2.50% |
Skrill to Skrill money transfer | 2.99% |
International transfer with debit card payment | Up to 1% |
International transfer with credit card payment | Up to 2.99% |
International transfer in same send/receive country | 4.99% |
International transfer exchange rate fee for currency conversions | 4.99% |
Receive money (no currency conversion) | Free |
Skrill also has a fee of 5 Euros if your account is not kept active within 6 months. The fee will be taken in the currency equivalent of your primary currency in your account.âˇ
â ď¸ With Skrillâs transfer fees, exchange rate fees and withdrawal fees, you can look at potentially losing close to 10% of your transaction amount in fees just to get the funds to your Pakistani bank account. |
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And if you are trying to transfer money using Skrill to a Pakistani bank account, that can cost you too. Here is an example of sending 1,000 GBP to Pakistan using Skrill-before their fees. Compare it to Wise, which has a low transparent fee and the mid-market exchange rate..
Skrill | Wise | |
---|---|---|
Amount to send | ÂŁ1,000 | ÂŁ1,000 |
Fee | 0 | ÂŁ6.61 |
Exchange rate to ÂŁ1 | Rs. 270.53 | Rs. 273.03 |
Amount received in Pakistan | Rs. 270,532 | Rs. 271, 227 Try Wise đ |
As of 18 December, 2022
Although Skrill doesnât have a transfer fee when sending money to Pakistan, it has an exchange rate fee that reduces how much your recipient can get. Wise, with its clear fee and mid-market exchange rate lets your recipient in Pakistan get Rs. 1,000 more in the same transfer.
Receive money in Pakistan with Wise
Wise is an easy and simple way to get money in Pakistan. Signing up is free, and senders can send money directly to your Wise multi-currency account or your local Pakistani account. No wallets or complicated fees here.
Over 13 million people around the world use Wise to send money globally. With the mid-market exchange rate, you donât lose money on extra fees and can get more in your pocket.
Try Wise đ
- Please see Terms of Use for your region or visit for the most up-to-date pricing and fee information.
- The speed of transaction claim depends on funds availability, approval by Wiseâs proprietary verification system and systems availability of our partnersâ banking system, and may not be available for all transactions
Sources used for this article:
All sources checked as of 18 December, 2022
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information. This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.