How to Open and Verify your Skrill Account in Nigeria

How to Open and Verify your Skrill Account in Nigeria

Skrill which was previously known to be Moneybookers is a financial service company based in UK. They are one of the best PayPal alternatives, and it’s often regarded as second to PayPal. Although, I prefer Payoneer because of its wider reach feature both locally and globally. What I mean is that: Payoneer master card has been extremely helpful. Payoneer currently wires over 200+ countries, so where you are from doesn’t really counts; from experience, it serves well and much better than skrill and PayPal.

Personal opinion,though.To create a payoneer account and learn the benefit,kindly click here

The efficacy of skrill has been tested and can’t be ignored. Firstly, their currency conversions fees are cheaper than PayPal, so when converting from USD to Naira you get charged a lesser fee.

Secondly, You must agree with me that PayPal doesn’t permit Nigerians to Receive  payment for items or services offered. But you can make payment for goods and services. Unlike Skrill, you can send  and make payment globally. Thus, making Skrill a popular choice when it comes to Nigerian online transactions.

It is highly imperative to understand that Skrill is a highly regulated company. As a result of this, they have very strict rules implemented in order to abide by anti-money laundering laws in the UK and throughout Europe.

Skrill is specifically  more popular among people that use foreign betting platforms like Bet365, Bet Victor, Ladbrokes, William Hill etc., and (Note that you will have to be verified with them to withdraw funds from them to Skrill).

1. Kindly visit their website and click the “Sign Up” button. It is important that you fill in your details accurately.

How to Open and Verify your Skrill Account in Nigeria

How to Open and Verify your Skrill Account in Nigeria
The details you will need to fill in on the form are:
 2. Select your ACCOUNT TYPE – personal or business.
If you have a registered company and want to do business with this account, you should choose business.Also, if you receive a lot of payments from companies or individuals for services you provide, you should not hesitate to pick “business account”.
Additionally, if your skrill account is solely for betting, to pay for goods or services, or to transfer money to other people, then you should choose personal. If you will be making infrequent, minimal and little transactions, a personal account is all you need.
3. Enter your COUNTRY OF RESIDENCE – Nigeria, except you are currently outside the country.
Skrill country and currency conversion

4. Fill  your Currency
Your currency should be USD (US Dollars). This is to avoid double currency exchange fees. If you choose USD, you will not be charged anything for making transfers in Dollars. If you receive a lot of payments in Euros or other currencies they may be a better choice. Another reason is for especially for domiciliary account being in USD.
5. Select English Language as your first choice.
6. Now your Personal Details
How to Open and Verify your Skrill Account in Nigeria
Ensure you have filled every section correctly without minute errors. Skrill will check all the details and you will need to verify your name and address with scans of your identification and a utility bill.
The fields they ask for here are:
First name
Last name
Address line 1
Address line 2
Post code
7. Finally, proceed and add Phone number – I’m not a robot and agree to skrill terms and conditions; click on open account as shown below.
How to Open and Verify your Skrill Account in Nigeria
IMPORTANT NOTE: Skrill only allows one account per person so do not create multiple account under any circumstance as you could end up having it blocked.
The final fields to enter are:
  • Email address
  • Date of Birth
  • Account Password – This should be obvious but just in case, make sure you choose a very secure password. Don’t go for something like pass 1234 or 123456.
Verifying Your Skrill Account
Verification is a four part process with your card details the most important. The reason is that you can use Skrill without necessarily completing all the four steps. The only problem is you will be unable to continue to use Skrill after you have make transactions of up to £2,500.
 Therefore it highly imperative to make complete verification to avoid unnecessary restrictions.
The four section/processes practically  includes Email verification, physical address, credit/debit card, and bank account.
Firstly, you have to verify your email address. Just as with any email verification system, Skrill will send you an email. You click the link in the email and easily your email address gets verified.
The next part  of the verification process is to verify your physical address. Skrill will send a letter to the address you entered when registering.
The letter you will receive contains a 6 digit code. You must then login to your Skrill account and enter the code on the account verification page. Once that is done, your limits for sending money to other Skrill users will be raised, as will the amount of money you can withdraw.
The third part in getting verified with Skrill is to set up your debit or credit card. The name you used registering must match the name on your debit/credit cards.
Skrill will charge a small amount to your card around $2.00. Once you verify it they will refund this amount back to your card.
You have two ways of confirming your bank details. You can either deposit money to Skrill by bank wire or you can withdraw money.
When you withdraw money via bank wire, you will need to first select the “Add bank account” option. For this you will need to know the SWIFT code of your bank. Contact your bank branch for the swift code at the bank or through one of their online representative or give them a call. Not all bank branches have SWIFT codes, so you may be given a general code to use.
After you have added your bank account correctly, simply click withdraw and choose the amount of money to send to your account. Withdrawals usually take about two working days.
Manual Verification
This option is not mostly observed or practiced, it doesn’t mean it does not happens. Withdrawals from Skrill might  not show the code in your bank statement. If this eventully occurs, Skrill do provide a third option whereby they will manually verify your bank account. However, in order to do so, you will need to send them on some more details.
What you need to do is to email them/(skrill)  a screenshot of your online bank account statement or else a scanned copy of a statement from your bank.
These must clearly show:
  • Your name ( the account holder)
  • Your account number
  • The item on your statement that shows the withdrawal from Skrill in your account.
If you eventually encounter issues with this, you will need to go down to your local bank branch and get a physical print out of the actual SWIFT transaction to send to Skrill. Your bank will supply you with a copy of this on request.
In order to do this, you will most likely need to visit your local bank branch. Simply copy down Skrill’s bank details and fill them in on an international wire form. If you have the ability to send money internationally online, you can do this using your internet banking account.
Sending wires internationally can be expensive and the cost varies from time to time.
Important things to understand for Freelancers and Businesses
If you chose the commercial account option at the beginning of this article, you will also need to send Skrill:
  • A copy of an identification document such as a passport or driver’s license.
  • A copy of a utility bill showing your home address from the past 3 months.
If all the above processes are followed accordingly, your account will be completely opened and  verified by Skrill within 30minutes.
How to Open and Verify your Skrill Account in Nigeria