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How to Transfer Money From PayPal to Skrill (Moneybookers)

Maina Ndung'u is a fashion enthusiast and has earned a substantial amount of money on Pinterest with Amazon.

Paypal to Skrill

Paypal to Skrill

There are valid reasons why anyone would want to transfer money from PayPal to Skrill. One concern is that your recipients may want it in their Moneybookers account because they don’t have a convenient way of withdrawing from PayPal. Another reason is that some services that are offered by Skrill are not available on PayPal.

For instance, in our country, it will take at least two days to get cash from PayPal. Yet, I can send money instantly from my Moneybookers account to my mobile phone (M-pesa). I can then withdraw at the local grocery store even when I'm in the middle of nowhere.

Unfortunately, there is no direct and legitimate way of sending money from PayPal to Skrill. For such transfers to be possible, both parties must form a partnership agreement. Until then, there are still some ways that you can use to move your funds from PayPal to Moneybookers. I have highlighted some below.

Exchange Your Balance With a Friend

For this method to work, you need to look for someone well known to you who have a Skrill balance. They will send money from their Skrill account to yours, and in turn, you’ll send the same amount from your PayPal account to theirs. Finding such a match may not always be possible because you must look for somebody who receives money in their Skrill account.

Withdraw From Paypal to Bank and Then to Skrill

This is a simple, secure and convenient way for those who are able to transfer money from PayPal to a bank account. Depending on how your bank works, these transactions may take a while to complete. When the money is in your bank account, you can upload it to Skrill, or send it to your intended recipient. You must link your Skrill and bank accounts. This strategy is not available to everyone. PayPal does not have banking partners in all countries.

Register for a U.S. Payment Service

While withdrawing money from PayPal to a bank account is possible, such a possibility still remains a nightmare for many people outside the United States. Many more still have to wait for up to 8 working days for the cash to reflect in their bank accounts. But with a virtual U.S bank account, you will be able to withdraw your cash from US companies just like a citizen.

Money from PayPal will take about 48 hours during weekdays to load to the virtual account and instantly to the debit card (from 9 hours, in my experience). The process may take a while longer during the weekends or US holidays.

Paypal to Moneybookers

Paypal to Moneybookers

Use Online Service Providers

This method involves opening both a client and a contractor account in a platform that supports both modes of payment. Even though this is a secure way of moving your funds, it’s a crude technique, especially when setting up. You register as a client and offer a job whereby you pay via PayPal. You then open a contractor account and select your payment option as Skrill.

If you must use such a method for whatever reason, there are two things to take into consideration. One is that you must first be sure that the platform accepts cash from PayPal and that contractors can get paid via Skrill. Second, you must be ready to cater to the commission they charge to connect workers and clients. A good example of such a service provider is Elance.

While linking a debit card to your PayPal account, they will charge a small amount from the card balance. The transaction has a code which you have to enter into Paypal to verify the card is yours. To connect the card to Skrill, they will also charge you a small amount. This will reflect in your card transactions as 101.9% of the actual transaction.

They will not ask you for a code but the figure in the transaction. For instance, I was charged $1.08 from my card. To get the actual amount to enter into Moneybookers, multiply by 100, then divide by 101.9. This amount will round off to $10.6, which is the right figure.

To transfer money to skrill, you’ll need to withdraw it from your PayPal account into your virtual account. Don’t leave a margin for the 1% fees. If you have $100, enter the amount you wish to withdraw as $100, and it will credited to your card as $99.

After a few days, you’ll receive an email from your issuer informing you that your card has been credited with the amount. Go to your Skrill account and select upload. Once you enter the amount, the fees will be displayed, and you can make the necessary adjustments. This is one of the most discreet and convenient ways of getting your cash transferred from PayPal to Skrill.

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Use Online Currency Exchange Sites

These are websites which have specialized in offering money exchange facilities. You simply upload your cash to their site and select which account you want them to send it to. Some will even switch to another currency, although the currencies may be limited.

Some of these websites will necessitate you to make a virtual purchase with the money you wish to transfer and then treat your recipient account as a seller. You are literally buying non-existent goods with your Paypal account and selling with your skrill account, or vice versa. Some of these sites are;

  • Exchangepaypaltosrill.com
  • Rechargewithpaypal.com
  • Payexchanger.com

When transferring the funds, you send the whole amount, and it will arrive in your other account with the charges deducted. Their charges range from 1%–15%, depending on the site. Some websites will make an instant transfer, while several days may pass before the transaction is complete in others. Usually, there is a minimum and a maximum amount which can be sent, normally from $100.

This technique is moderately secure. If your money is lost, it may be hard to trace it. Scam sites have been reported by desperate people who wanted an instant way of turning their online earnings into instant cash, only to get defrauded.

When transferring your money, the most important thing is to find a reliable and secure exchange strategy. To ensure the security of your money, only use companies that are registered and authorized for money transfer services. Otherwise, illegal brokers may get caught and their accounts closed. Your funds will be lost. The U.S. Payment Service is probably the best option for the majority of people who wish to move cash from PayPal to Skrill.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

Comments

James on May 10, 2018:

Hi

i would like to ask if how can i transfer my money from my PayPal Account to my Skrill Account ? I need it asap

reggie berry on August 18, 2017:

i have just looked at my account , and found that 21 euros have been taken out for !! MONEY BOOKERS WALLET !! can you explain to me what it is ??

Jas on March 15, 2017:

Interesting read!

Thanks!

Jas

Maina Ndungu (author) from Thika, Kenya on October 13, 2016:

Hello Stephanie,

Unfortunately, you can't link your prepaid card to Paypal unless you have loaded it. Apparently, they need to charge a small amount of cash so as to verify the card is yours. Your money is later deposited to your Paypal account.

Stephanie on October 13, 2016:

Hi Maina, this is a great article, well done. I just received my payoneer master card, I have activated it but there is no money in it. Please I would like to know if i can link it to my paypal just like that with no money inside it? or must there be money in it first? Thank you

Maina Ndungu (author) from Thika, Kenya on September 18, 2016:

Thanks Shyam for the info. They normally don't accept Payoneer banks accounts, but they still do if you have already added a debit card.

I've made an update on the article

Shyam Chathuranga on August 17, 2016:

PayPal stopped accepting Payoneer's virtual US bank account since 2014, but you can still add the Payoneer MasterCard card without any issues.

Liz on June 03, 2016:

Hi Maina,

Thanks for going out of your way to assist us who are new to these international payments.

Can one use any of the local prepaid debit cards to withdraw their cash from paypal via ATMs? For some reason, I never receive my payoneer card and now that even to access my cash through it seems a hustle, other options may be the way to go.

Eli on May 25, 2016:

Thanks for your post. A helpful one.

Have you gotten the way to add the Payoneer US Payment bank to PayPal without letting them know it is Payoneer?

Maina Ndungu (author) from Thika, Kenya on July 14, 2015:

George,

Unfortunately, there is no direct way of transferring money from Mpesa to Skrill. However, you can add your debit card to skrill and use the upload button.

George Righa on July 05, 2015:

Hi Maina,

Can one transfer money from MPESA to skrill?

Maina Ndungu (author) from Thika, Kenya on February 15, 2015:

Sadly Peachpurple, there doesn't seem to be a simple solution when transferring money from Paypal to Skrill. But may be one day, these two companies will strike a deal and the process will be straightforward.

peachy from Home Sweet Home on January 26, 2015:

what is moneybookers? I tried to transfer money to my friend but can't was advised to transfer to my bank then to friend.

Maina Ndungu (author) from Thika, Kenya on January 18, 2015:

Hello Emmyboy,

Sometimes, Paypal rejects new Payoneer accounts. But there is a way of adding a payoneer card without mentioning that it is from Payoneer. Thanks for that reminder. I'll look for the strategy and post it here.

Emmyboy from Nigeria on January 18, 2015:

Nice tips.

But on a second thought, I think I recently read somewhere that you can no longer link your Payoneer MasterCard to PayPal.

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