Skrill to Mpesa: A Fast and Convenient Way to Transfer Funds
Skrill to Mpesa: A Fast and Convenient Way to Transfer Funds.
In today's digital age, people are increasingly
turning to online payment platforms to transact safely and securely. With the
rise of e-commerce and remote work, having a reliable and efficient online
payment system has become essential. Skrill and Mpesa are two such payment
systems that have gained immense popularity over the years. In this comprehensive
guide, we will delve into the details of Skrill to Mpesa transactions, covering
everything from what Skrill and Mpesa are, to how to transfer funds between the
two platforms.
Table of Contents
1.
Introduction
2.
What is Skrill?
3.
What is Mpesa?
4.
Skrill to Mpesa transaction fees
5.
How to link Skrill to Mpesa
6.
How to transfer funds from Skrill to
Mpesa
7.
How to transfer funds from Mpesa to
Skrill
8.
Benefits of using Skrill to Mpesa
9.
Risks associated with using Skrill to
Mpesa
10. Frequently
asked questions
1.
Is it safe to use Skrill to Mpesa?
2.
How long does it take to transfer
funds from Skrill to Mpesa?
3.
Can I transfer funds from Mpesa to
Skrill without a bank account?
4.
What is the maximum amount of funds I
can transfer from Skrill to Mpesa?
5.
Is it possible to cancel a Skrill to
Mpesa transaction?
11. Conclusion
1. Introduction
Skrill and Mpesa are online payment platforms
that allow users to send and receive funds securely and efficiently. Skrill is
a digital wallet that enables users to make online payments and money transfers
across borders. Mpesa, on the other hand, is a mobile money transfer service
that allows users to send and receive money using their mobile phones.
2. What is Skrill?
Skrill, formerly known as Moneybookers, is a
digital wallet that enables users to send and receive payments across borders.
It was founded in 2001 and has since grown to become one of the most popular
payment systems worldwide. Skrill supports over 40 currencies and is available
in over 200 countries.
3. What is Mpesa?
Mpesa, which stands for "mobile money"
in Swahili, is a mobile phone-based money transfer service that was launched in
Kenya in 2007. It has since expanded to several other countries in Africa and
South Asia. Mpesa allows users to deposit, withdraw, and transfer money using
their mobile phones.
4. Skrill to Mpesa transaction fees
One of the most important things to consider when
using Skrill to Mpesa is the transaction fees. Skrill charges a fee of 1.45%
for every transfer from Skrill to Mpesa. The minimum fee is Ksh 200, and the
maximum fee is Ksh 700. Mpesa, on the other hand, does not charge any fees for
receiving money from Skrill.
5. How to link Skrill to Mpesa
To transfer funds from Skrill to Mpesa, you need
to link your Skrill account to your Mpesa account. Here's how to do it:
1.
Log in to your Skrill account.
2.
Click on the "Mobile
Wallets" option under "Deposit."
3.
Select Mpesa as the mobile wallet.Enter
your Mpesa number and the amount you wish to deposit.
4.
Click on "Continue" and
confirm the transaction details.
5.
You will receive a confirmation
message from Skrill and Mpesa once the transaction is successful.
6. How to transfer funds from Skrill to Mpesa
Once you have linked your Skrill account to your
Mpesa account, you can transfer funds from Skrill to Mpesa using the following
steps:
1.
Log in to your Skrill account.
2.
Click on the "Withdraw"
button.
3.
Select Mpesa as the withdrawal
method.
4.
Enter the amount you wish to withdraw
and your Mpesa number.
5.
Click on "Continue" and
confirm the transaction details.
6.
The funds will be transferred from
your Skrill account to your Mpesa account.
7. How to transfer funds from Mpesa to Skrill
To transfer funds from Mpesa to Skrill, you need
to follow the steps below:
1.
Log in to your Mpesa account.
2.
Select "Lipa na Mpesa" and
then "Pay Bill."
3.
Enter Skrill's Pay Bill number, which
is 800088.
4.
Enter your Skrill account number as
the account number.
5.
Enter the amount you wish to deposit
into your Skrill account.
6.
Enter your Mpesa PIN and confirm the
transaction.
7.
The funds will be transferred from
your Mpesa account to your Skrill account.
8. Benefits of using Skrill to Mpesa
There are several benefits of using Skrill to
Mpesa, including:
1.
Convenience: Skrill and Mpesa are
both accessible on mobile phones, making it easy to send and receive funds
anytime, anywhere.
2.
Speed: Skrill to Mpesa transactions
are usually processed within a few minutes, making it a fast way to transfer
funds.
3.
Security: Both Skrill and Mpesa have
robust security measures in place to ensure the safety of users' funds and
personal information.
4.
Global reach: Skrill is available in
over 200 countries and supports over 40 currencies, making it a great option
for international transactions.
9. Risks associated with using Skrill to Mpesa
While Skrill to Mpesa transactions are generally
safe and secure, there are some risks associated with using these platforms,
including:
1.
Fraud: Hackers and scammers may try
to steal your Skrill or Mpesa login credentials or use phishing scams to gain
access to your funds.
2.
Fees: Skrill charges a fee for every
transaction, which can add up if you are making frequent transfers.
3.
Exchange rates: Skrill's exchange
rates may not always be favorable, which could result in a lower amount of
funds being received in your Mpesa account.
11. Conclusion
Skrill to Mpesa is a fast and convenient way to
transfer funds between two popular mobile payment platforms. By following the
steps outlined in this article, you can easily link your Skrill and Mpesa
accounts and transfer funds between them. While there are some risks associated
with using these platforms, the benefits of convenience, speed, and security
make Skrill to Mpesa a great option for sending and receiving funds.
10. Frequently asked questions
1.
Is it safe to use Skrill to Mpesa?
Yes, Skrill and Mpesa are both secure platforms
with robust security measures in place to protect users' funds and personal
information.
2.
How long does it take to transfer
funds from Skrill to Mpesa?
Skrill to Mpesa transactions are usually
processed within a few minutes, although it may take longer depending on the
amount and currency.
3.
Can I transfer funds from Mpesa to
Skrill without a bank account?
No, you need to have a bank account linked to
your Skrill account to transfer funds from Mpesa to Skrill.
4.
What are the fees associated with
using Skrill to Mpesa?
Skrill charges a fee for every transaction, which
varies depending on the amount and currency.
5.
Are there any limits on how much I
can transfer from Skrill to Mpesa?
Yes, Skrill has a daily transaction limit of
$10,000 for Mpesa transactions.
6. Is
it safe to use Skrill to Mpesa?
Yes, Skrill and Mpesa are both secure platforms
with robust security measures in place to protect users' funds and personal
information.
7.How long does it
take to transfer funds from Skrill to Mpesa?
Skrill to Mpesa transactions are usually
processed within a few minutes, although it may take longer depending on the
amount and currency.
8.Can I transfer
funds from Mpesa to Skrill without a bank account?
No, you need to have a bank account linked to
your Skrill account to transfer funds from Mpesa to Skrill.
9.What are the fees
associated with using Skrill to Mpesa?
Skrill charges a fee for every transaction, which
varies depending on the amount and currency.
10.Are there any
limits on how much I can transfer from Skrill to Mpesa?
Yes, Skrill has a daily transaction limit of
$10,000 for Mpesa transactions.
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