Your guide to using Skrill in Canada

Piyush Singh

29.11.23

4 minute read

Skrill® is a digital wallet for customers across the world. Available in Canada, the US, Europe, and further afield, you can use Skrill to transfer CAD, with multiple payment options.

However, only frequent users can access Skrill multi-currency accounts. Currency conversion markups and inactivity fees may also be a sticking point for some customers.

We’ll consider everything you need to know about using Skrill in Canada. We’ll also take a look at how anyone can use Wise to make payments locally and abroad at the mid-market exchange rate. Wise’s global accounts are for everyone, everywhere!

Table of contents
How to start using Skrill Skrill account verification Key documents Cost of transferring money on Skrill Pay only for what you use with Wise What are the Skrill customer levels? Skriller True Skriller VIP Skriller How Wise can help

How to start using Skrill

It’s easy to create a Skrill digital wallet, but you’ll need to verify your account to access all features.

We’ve put together a step-by-step guide about how to use Skrill in Canada.

Step 1. Head to the Skrill website and select “Register”. You can then fill out your personal details, including your name, email address, country, province, and main currency. You’ll also need to create a password for your account

Step 2. Once you’ve created an account, Skrill will ask you to verify your email address. Log into your email account and follow any verification instructions

Step 3. Log into your new Skrill account using your email and password. You’ll need to select the main reason for using Skrill and enter any further personal information. You can also create a PIN for extra account security

Step 4. Now, you can start to add funds to your Skrill digital wallet. You’ll need to connect your bank account to send, spend, and receive your money with Skrill¹

Skrill account verification

Although you can still use Skrill without account verification, this extra level of security can help you access higher transfer limits and other key features. You’ll also need to verify your account if you want to reach a different Skrill customer level.

Let’s take a look at the verification process.

Step 1. First, log into your Skrill account and select “Verify Account”

Step 2. Follow the necessary steps to verify your identity. You’ll need to submit a valid photo ID and take a selfie for your account

Step 3. Next, you’ll need to verify your postal address.² And that’s it – you’re now a verified Skrill user!

Key documents

If you want to verify your Skrill Canada account, you’ll need a few key pieces of documentation to complete your application. You can take photos of these documents and upload them via the Skrill website or app.

First, you’ll need proof of identity. This can include:

your passport
a government-issued ID card
your driving license

It’s important to make sure your ID document is a valid, color copy with all your identifying details in the frame.³

You’ll also need a proof of address. This can include:

a utility bill
a statement or letter from your banking institution
government correspondence, such as tax documents or pension bills
your tenancy agreement

This proof of address will need to contain your name, your current address, and a document issue date. The issuing institution's name and website should also be visible in the image frame.⁴

Cost of transferring money on Skrill

You may be charged for sending and receiving your money with Skrill, particularly if you’re converting your money into different currencies.

We’ve put together a range of Skrill transfers, including how much each transaction will cost you.

Type of Transfer	Cost with Skrill
Sending to another Skrill user	2.99% markup - a minimum fee of 0.50 EUR⁵
International bank transfers	Free unless currency conversion is involved
International transfer via debit card, Paysafecash® or Bank transfer via Sofort®/Klarna®	Up to 1% markup
Credit Card	Up to 2.99% markup
International transfers in the same currency	Up to 4.99% markup⁵
Exchange rate markup	Up to 4.99% markup
Domestic transfers	Up to 2% markup
Receiving Money	Free unless currency conversion is involved⁵
Inactivity fee	After 6 months of inactivity, 5 EUR per month⁶

Pay only for what you use with Wise

Choose Wise to only pay for what you spend.

Wise transfer fees start at just 0.43% – and you’ll always see how much your transaction will cost before you send it. You can even send an international Interac e-Transfer from Canada, all at the standard mid-market exchange rate - the one you usually see on Google!

And if you need to take a break from using your account – that’s okay. Wise never charges an inactivity fee, so you can come and go to your heart’s content.

No markups, no hidden fees, no stress!

Please see the Terms of Use and pricing for your region.

What are the Skrill customer levels?

Depending on the amounts you transfer and how often you move your money, Skrill has a few different customer levels, including advantages for customers in each tier.

Skriller

Skriller is the basic Skrill customer level. Once you sign up for a Skrill digital wallet, you’ll become a Skriller. At this level, you can:

Enjoy a range of payment options
Access quick integration
Complete one-touch payments
Access security and fraud management⁷

True Skriller

Becoming a True Skriller lets you access a few key benefits, including lower transfer fees when sending money to other Skrill users. Skrill is also introducing new perks and bonuses for True Skrillers, including a loyalty points scheme.

You can access this level by making an eligible deposit into your Skrill account and verifying your identity via the app.⁸

VIP Skriller

VIP Skriller is the top customer level at Skrill, with daily perks for members.

There are a few different levels of VIP Skriller, including Silver, Gold, and Diamond. The amount of money you transact every quarter will determine your VIP level, with lower fees for those who use Skrill more frequently.

VIP Skriller members are the only customers who can access more than one personal account at once, including multi-currency options and free money transfers.⁹ You can also contact the 24/7 support in English and access priority bank uploads if you reach this level.¹⁰

Say hello to the Wise Account

The Wise Account is your international money transfer alternative!

Whether you use this account once a day or once a month, all Wise customers get the same benefits – with no minimum transfer limits. Moreover, you can always contact the Wise multilingual customer support via your account in case you need assistance or clarification.

Say hello to your new multi-currency account. With Wise, you can:

Hold money in 9 currencies
Send your money to 70+ countries
Send, spend, and withdraw your money in over 40 currencies
Use your physical or digital Wise card almost everywhere!

Avoid hidden fees and markup rates – and save your money for the more important things in life.

To find out more about your global account options, check out Wise.

Get your Wise account today 🚀

Sources:

Sources verified on 29 November 2023

*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.