Skrill Prepaid Card Limits: How Much Can You Spend?

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There are various reasons why you might want to get a prepaid credit card. You might not like debt or having an account overdrawn, for example. But there are also other benefits too; they can be used in place of PayPal and make online transactions easy.

Similarly, they act as cashback cards where cash rewards can be earned at certain stores when shopping. But before you spend your hard-earned money, it's important to know what the Skrill prepaid card limit is so you don't end up spending more than you planned.

What is Skrill?

Skrill is a global financial transaction company where you can do online shopping, send or receive money, and make bill payments. It works as an alternative to PayPal and allows members to hold several accounts in one place for better management thanks to its multi-currency feature.

What is Skrill Prepaid Card?

Skrill Prepaid Card is a form of Skrill account. It works as an ATM card that you can use it to withdraw your money or complete transactions at ATMs worldwide. You can choose between two types of prepaid cards: virtual and physical options.

What do I need to open a Skrill Prepaid Card Account?

You need to be at least 18 years or older and have a valid address where you can receive your card. You also need a bank account, debit/credit card, or the Skrill money account in order to request this prepaid card. There are no other hidden fees apart from what is stated in their terms and conditions.

What are the fees for Skrill Prepaid Card?

Skrill charges a $1 monthly inactivity fee if you do not use your prepaid card for 90 days or more. Your physical prepaid card also has a $2.50 issuance fee and a $3 delivery charge which is waived if you order five cards at the same time.

What does Skrill offer?

A Skrill account is a secure way to send and receive money online. Every user has a unique PIN number and password, both of which they must enter in order to make a transaction. Speaking of transactions, there are several ways you can use your Skrill account:

  • You can convert money from any bank or credit card into USD and then transfer that money into your prepaid account.
  • You can work with any individual or company to collect fees for online payment processing, simply by charging the transaction fee you specify to each user's Skrill account.
  • You can use Skrill to send money to other individuals who have a Skrill account. These people are located all over the world.
  • You can receive money directly into your Skrill account from another individual or company that uses the Skrill payment service.

As you can see, there are many different things you can do with a prepaid card like this one. When you work with Skrill, maintaining good records of all transactions is important in order to keep track of the balance of your account.

You can log into your account, go to the transaction history section, and print out a detailed list of all money you have spent or received since you opened the account.

However, if certain limits are placed on Skrill prepaid card transactions, your detailed records will not be enough to keep track of how much money you have spent.

This is a limit on the upper amount of money that can be spent in any given transaction, and if you go over this limit your purchase will be declined.

Why does Skrill keep a limit on the card?

These limits are in place to help protect your Skrill account from being depleted due to large or unauthorized purchases. Remember that it is important to be able to track your spending and check your account balance, but if you need a detailed record of transactions because you suspect someone else has compromised your account, Skrill Prepaid allows you to call their customer service department and request a complete history of your account activity.

Skrill Prepaid is good to use for online transactions because it provides easy access to your money 24/7, and once you have opened an account you can begin using it anywhere in the world where there is an internet connection.

Let us first understand for Non- VIP Category:

Daily Spending Limit: $3000

This is the maximum amount you can spend in a single day. If your daily limit is $3,000 and you make a purchase of $2,000, then your remaining balance will become $1,000. You cannot make another purchase until the next business day when more funds are available.

Daily Limit Exceeded. What happens?

If you attempt to make a purchase that exceeds your daily limit, this will trigger several events:

1) Your card balance will be reduced accordingly.

2) An email notification is sent to the address on file.

3) A hold is placed on the prepaid card until the next business day.

Note: If your card is denied due to a high purchase amount, there may be a delay in the system returning your funds.

Monthly Spending Limit: $16,500

This is the maximum amount you can spend per month.

If your monthly limit is $16,500 and you make a purchase of $2,700, then your remaining balance will become $13,800. You cannot make another purchase until the next calendar month when more funds are available.

Daily ATM Withdrawal Limit: $1,000

This is the maximum amount you can withdraw from an ATM each day.

If your daily limit is $1,000 and you make a withdrawal of $200, then your remaining balance will become $800. You cannot make another withdrawal until the next business day when more funds are available.

Monthly ATM Withdrawal Limit: $10,000

This is the maximum amount you can withdraw each month.

If your monthly limit is $10,000 and you make a withdrawal of $2,000, then your remaining balance will become $8,000. You cannot make another withdrawal until the next calendar month when more funds are available.

Now we will learn about VIP users:

Daily Spending Limit: $7000

This is the maximum amount you can spend in a single day.

If your daily limit is $7,000 and you make a purchase of $2,500, then your remaining balance will become $4,500. You cannot make another purchase until the next business day when more funds are available.

Monthly Spending Limit: $16,500

This is the maximum amount you can spend per month.

If your monthly limit is $16,500 and you make a purchase of $2,700, then your remaining balance will become $13,800. You cannot make another purchase until the next calendar month when more funds are available.

Daily ATM Withdrawal Limit: $1,000

This is the maximum amount you can withdraw from an ATM each day.

If your daily limit is $1,000 and you make a withdrawal of $200, then your remaining balance will become $800. You cannot make another withdrawal until the next business day when more funds are available.

Monthly ATM Withdrawal Limit: $10,000

This is the maximum amount you can withdraw each month.

If your monthly limit is $10,000 and you make a withdrawal of $2,000, then your remaining balance will become $8,000. You cannot make another withdrawal until the next calendar month when more funds are available.

What is the difference between Skrill VIP users and Skrill Non- VIP users?

1) Users who've achieved the VIP status have a higher daily limit for one-time transactions and monthly limits.

2) VIP users can withdraw up to $10,000 from ATMs each month as opposed to Non-VIP users who can withdraw up to $3,000 per month.

3) The maximum amount of money you can spend in a single day is $7,000 for VIP users and $3,500 for Non-VIP users.

4) The maximum amount of money you can withdraw from an ATM each day is $1,000 for both types of accounts. But the monthly withdrawal limit is $10,000 for VIP users and just $3,000 for Non-VIP users.

5) VIP users get a dedicated account manager and an annual fee is applied. If you want to become a VIP user, this can be requested on the Skrill website.

Who can qualify for Skrill VIP user?

You can achieve a higher VIP status by making a large number of deposits within a calendar month, or if you have been identified by Skrill as an especially big spender.

In any case, before being elevated to the upper echelon of customer service, your account will be thoroughly analyzed and checked for suspicious activity. Only in this case, a higher level of VIP status will be provided to you.

How can I apply for Skrill Prepaid Card?

If you are at least 18 years old, have a bank account or credit card number, and have never been involved in illegal activity, then you can open an account on the Skrill website.

You will need to provide your full name, birthday, country of origin, country of residence, and mobile phone number. Before making the first deposit make sure you have read all the Terms and Conditions of Skrill.

There is no annual fee, but there are certain fees that you should know about before opening an account: if you would like to use your card for ATM withdrawals, then each transaction will cost $2.99 plus a 3% exchange rate commission; plus a Standard International Transaction Fee of 3.99% is applied if you withdraw funds to your bank account.

If you would like to transfer money into another person's card then a fee of 1% of the transfer amount plus a Standard International Transaction Fee is applied. If you would like to transfer money from another person's card, then there will be an additional 0.5% exchange rate fee.

If you are having trouble with your account, then you can get in touch with the Customer Service Team via phone or email. You should be aware that Skrill does not have a telephone helpline and all customer care matters must be dealt with via email. This may take up to 48 hours to resolve depending on how busy they are.

Is Skrill Card safe to use?

You will be issued with a PIN number for your Skrill Prepaid MasterCard, so it does have some level of security. However, you should also take precautions to protect your account, for example not sharing your card details or PIN numbers. Never give them out over the phone or email and always keep an eye on any transactions made on your account.

If you have any concerns about your card, then contact the Customer Service Team on the number provided on the Skrill website.

What is the design of the Skrill Prepaid Card?

The design of Skrill Prepaid MasterCard is very simple, with the only distinguishing feature being the logo in the top left corner. You can use this card everywhere MasterCard or VISA are accepted and you can check your balance online or via telephone.

As well as making payments, you can control your money by managing spending, setting up transfer limits, and setting up alerts.

Skrill Prepaid MasterCard is issued in Euros or US dollars, depending on your account currency (the amount you deposit). You will receive a physical card in the mail, which will have your name and the Skrill logo on it. The card comes with a 16-digit number, an expiry date, and a CVV code.

How is the customer service of Skrill?

You can contact the Customer Service Team via email or phone, but unfortunately, there is no telephone support. You will receive a response to your email within 48 hours and if you call they will aim to resolve any problems with your account within two days.

They also offer Live Chat where you can interact with an online customer service representative. This tool will require you to create a login and password. It can be found on the bottom right-hand corner of the Skrill website.

They will be able to assist with any pre-registered issues that you may have, but they cannot deal with general inquiries regarding your card or account balance.

Skrill has earned an impressive reputation when it comes to customer service, but they are not perfect. Some people have complained that the customer service team was unhelpful and slow to respond. However, when you compare them to other prepaid cards available in the market at present, they are one of the best.

Conclusion

With a range of services and competitive fees, Skrill offers something for everyone. It may not be the best product in the market, but it certainly is one of them. If you are looking to transfer money online or buy items online, this could be the card for you.

As long as you are aware of all costs associated with using the card, as well as the service levels offered by customer support, Skrill will not let you down. It is a secure way to pay online and send money to friends and family with some of the highest limits on the market.

If you want to find out more about Skrill Prepaid MasterCard, then visit their website: https://www.skrill.com/en/prepaid-mastercard

Michael Restiano

I lead product content strategy for SaltMoney. Additionally, I’m helping our broader team of 4 evolve into a mature content strategy practice with the right documentation and processes to deliver quality work. Prior to Instacart, I was a content strategy lead at Uber Eats and Facebook. Before that, I was a content strategist at SapientNitro, helping major Fortune 500 brands create better, more useful digital content.

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