This guide will cover the process of withdrawing money from Skrill to MPesa, a popular mobile money transfer service in Kenya. By reading this guide, freelancers in Kenya will learn how to quickly and easily transfer their earnings from online platforms to their MPesa account, allowing them access to their funds in a matter of minutes. This guide will walk the readers through the process step-by-step, making it easy to understand and follow. Freelancers will benefit from this guide by saving time and hassle of traditional withdrawal methods and having immediate access to their earnings.
What is Skrill?
Skrill is a leading global digital wallet provider and online payment platform that allows individuals and businesses to easily send and receive money in over 200 countries and 40 currencies. The company was founded in 2001 as Moneybookers and rebranded as Skrill in 2013. According to the company's website, it is the second-largest independent digital wallet provider globally.
Skrill's core services include online payments, digital wallets, and money transfers. The platform allows users to make online purchases, send money to friends and family, and even withdraw cash from ATMs. It also offers businesses a range of tools to help them accept payments online, including a payment gateway, virtual terminal, and fraud prevention services.
The company generates revenue through fees charged on transactions, such as currency exchange fees, withdrawal fees, and transfer fees. Skrill is also known for its low-cost fees compared to traditional banking methods. According to Skrill's official website, in 2020, Skrill processed over $140 billion in payments, which is a significant increase from $20 billion in 2015.
Skrill faces competition from other digital wallet providers and online payment platforms such as PayPal, Venmo, and Square. However, the company differentiates itself by targeting a global audience, with a strong focus on emerging markets. Skrill also offers a wider range of services and has a strong presence in the online gaming and forex trading industries.
In recent years, Skrill has made significant progress in expanding its services and presence in the digital money transfer industry. In 2019, the company acquired Ukash, a leading prepaid voucher provider, further expanding its reach in the online payments space. In 2020, Skrill announced its partnership with Vodafone Cash, which allows users in Africa to easily transfer money to and from their Skrill accounts.
Overall, Skrill has established itself as a reputable and reliable online payment platform, providing a range of services that make it easy for individuals and businesses to send and receive money globally. With its competitive fees and expanded services, the company continues to grow and evolve in the digital money transfer industry.
How to Setup a Skrill Account
Creating a Skrill account is a quick and easy process that can be completed in just a few minutes. It is especially important for freelancers in Kenya to have a Skrill account as it allows them to easily and securely receive payments from clients all over the world. Additionally, with a Skrill account, freelancers can withdraw their earnings to their local bank account or mobile money account, such as MPesa, in just a few minutes, rather than waiting for traditional bank transfers.
Here is a step-by-step guide on how to set up a Skrill account:
- Go to the Skrill website (www.skrill.com) and click on the "Register" button located in the top right corner of the homepage.
- Fill in the required personal information, including your name, email address, and password.
- Verify your email address by clicking on the link sent to your email address.
- Log in to your Skrill account and complete your profile by adding your personal details and address.
- Add a funding source to your account by linking your bank account or credit/debit card.
- Verify your identity by providing a government-issued ID and proof of address.
- Once your account has been verified, you can start using Skrill to make payments and receive money.
It's important to note that depending on your country and the purpose of your Skrill account, additional verification may be required, such as providing proof of income or business registration. Also, Some countries have limitations on the services that Skrill can provide, so it is important to check the restrictions before signing up.
Tips For Making Secure Transactions on Skrill
Skrill is a popular online payment platform that is widely used for online transactions. However, as with any online platform, it's important to take steps to ensure the security of your account and transactions. Here are some safety tips that can help users carry out secure transactions on Skrill:
Use a strong and unique password
It's important to use a strong and unique password for your Skrill account. Avoid using easily guessable information such as your name, birthdate, or common words. Instead, use a combination of letters, numbers, and special characters. It's also a good idea to change your password regularly to further increase security. You should also be careful not to share your password with anyone else or store it as plain text in any document. If you need to remember your password, use a password manager instead.
Keep your computer and mobile devices secure
Make sure to keep your computer and mobile device secure by installing anti-virus software and keeping it up to date. This will help protect your device from malware and other cyber threats that could be used to gain unauthorized access to your Skrill account. It is also a good practice to routinely change your passwords and use a combination of letters, numbers, and special characters when creating them. Doing so will make it more difficult for potential attackers to gain access to your accounts.
Be cautious of phishing attempts
Be wary of any suspicious emails, texts, or phone calls that ask for your Skrill account information. Skrill will never ask for your password or other sensitive information via email or phone. If you receive a message that seems suspicious, do not click on any links or provide any personal information. The safest thing to do is delete the message immediately. Additionally, make sure to double-check the sender's email address. If the address looks suspicious, the email is most likely not from Skrill. You can also contact Skrill customer service if you are unsure about the validity of a message.
Enable Two-Factor Authentication
Two-Factor Authentication (2FA) adds an extra layer of security to your Skrill account by requiring a second form of verification, such as a code sent to your phone or an app. This means that even if someone else has your password, they won't be able to access your account without the second form of verification. 2FA is an extra layer of security that can help protect your account from unauthorized access. It is important to remember that this security measure is only as secure as you make it – if you share your authentication code with someone else, they will be able to access your account. Therefore, it is important to keep it a secret.
Keep your personal information private
Be careful about sharing personal information online, especially on public forums or social media platforms. Scammers can use this information to try and gain access to your Skrill account. These attacks come in the form of fake emails, bogus phone calls, and text messages. It's important to remember that Skrill will never ask for your confidential information, such as your password or security answers. If you receive any suspicious emails or messages asking for such information, do not respond and report it to Skrill immediately.
Keep a close eye on your account activities
Regularly check your Skrill account activity to ensure that there are no unauthorized transactions or suspicious activity. If you notice anything unusual, contact Skrill customer support immediately. Skrill also provides its customers with powerful fraud protection. Through the advanced security features, you can help protect your account from any unauthorized access. Skrill also provides users with access to their secure payment logs, making it easy to monitor account activity and detect any suspicious behavior. With Skrill, you can take the necessary steps to ensure that your payments are always secure.
By following these safety tips, you can help protect your Skrill account and transactions from potential security threats. Remember to always be vigilant and to report any suspicious activity to Skrill customer support as soon as possible. It's also important to be aware of your own security practices and to regularly update the information in your account.
How to Withdraw Funds From Skrill to MPesa
Withdrawing money from your Skrill account to MPesa is a quick and easy process. MPesa is a popular mobile wallet service in Kenya, making it a convenient choice for Kenyans who want to withdraw funds from their Skrill account. Here is a step-by-step guide on how to withdraw money from Skrill to MPesa:
- Log in to your Skrill account.
- Click on the “Withdraw” button on the dashboard.
- Select “MPesa” as the withdrawal method.
- Enter the amount you want to withdraw and click “Continue”.
- Enter your MPesa phone number and click “Continue”.
- Review the withdrawal details, including the exchange rate and fees.
- Confirm the withdrawal by clicking “Withdraw”.
- A confirmation message will be sent to your registered mobile number.
- Wait for the funds to be transferred to your MPesa account, which usually takes a few minutes.
Please note that there are certain limits and fees associated with withdrawing funds from Skrill to MPesa. Skrill charges a 1.5% fee for withdrawals, and there may be additional charges from your mobile service provider. Also, it's important to have in mind that the exchange rate applied on the withdrawal could be different from the rate shown on the skrill website.
It is important to ensure that you have a valid MPesa account and that the phone number you enter is correct. Additionally, make sure that you have sufficient funds in your Skrill account to cover the withdrawal amount and any fees.
IntaSend: The Perfect Skrill Alternative
IntaSend is a digital payment provider that is tailored to meet the needs of Kenyan users and freelancers. It is the perfect Skrill alternative for those living in Kenya, as it offers a range of features and services that are specifically designed to cater to the needs of the Kenyan market.
One of the key advantages of using IntaSend is that it is a Kenyan-based company, meaning that it understands the unique needs of its users. This results in a more seamless and efficient user experience, as the platform is tailored to the local market.
IntaSend also offers several APIs, including a wallet API and a payment API, among many others. These APIs allow businesses and developers to integrate IntaSend into their systems, making it even more convenient for users to make payments and manage their money. The Wallet API allows businesses to easily create digital wallets for their customers. The Payment API allows businesses to receive payments directly from their customers via various channels, including credit/debit cards, bank transfers, Bitcoin payments, and many more.
Another major advantage of using IntaSend is that it offers bulk payment disbursements to big businesses that need to send lump sums to multiple beneficiaries at a time. This is an extremely useful feature for businesses that need to make payments to a large number of people, such as payroll disbursements, paying contractors, and more. This feature also makes it more convenient for businesses to manage their finances, as they don’t have to make payments to multiple individuals one by one.
In terms of security, IntaSend is fully compliant with the Payment Card Industry Data Security Standards (PCI DSS) and it has been certified as a Level 1 Service Provider. This means that all transactions made through IntaSend are secure and protected from fraud.
Furthermore, IntaSend offers a transparent and low-cost pricing structure, making it more affordable for businesses and individuals to use its services. Transaction costs are lower than other competitors in the market, making it more affordable for businesses and individuals to use the platform.
Rounding Up
Withdrawal of funds from Skrill to MPesa is very seamless as long as you follow the right steps, which we’ve highlighted in this article. The process is quite straightforward and simple, but the key is to follow each step carefully. A perfect alternative to Skrill is IntaSend, especially for folks in Kenya who need a digital payment provider whose financial services are perfectly tailored to the Kenyan market. Creating an IntaSend account is also quite easy.
All you need is an active email address to verify your account and a phone number. Depending on the account type, you may be asked to provide some additional information for identity verification. However, if you run an unregistered business, IntaSend still offers its services to freelancers and unregistered businesses, so you don’t have to feel left out. There’s a detailed guide on how to get started with IntaSend account verification; you can check it out here.
Cover Photo by CardMapr.nl on Unsplash
