Inspiring

Answered

Do you usually use PayPal or Skrill to receive withdrawals?

Forum|Forum|1 year ago
December 22, 2024
3 replies
1533 views

Which do you usually use PayPal or Skrill?

After some research, I think Skrill has better discount/exchange rate.

Do any one use Skrill to withdraw on adobe stock contributor?

Contributors

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Correct answer Abambo

For me, the dollar price when searching on Google is 50 Egyptian pounds, but PayPal exchanges at 48, and it also takes a currency conversion tax.

By @Worker404

You never get the interbanking tariffs. As bad as it is for you, those 2 Egyptian pounds are for paying the PayPal services. You need to see if all fees accounted for, and over a longer period, Skrill gives you better conditions. I think that Skrill charges a servicing fee, if you do not have activities on your account for 6 months. I don't think that PayPal has this fee. And in addition: a lot of what I buy on the internet can be paid using PayPal, but I never saw Skrill as an option.

Let's see if other Egyptian contributors chime in, as this is a very local question. It does not help you, when Americans have no conversion fees and I get my USD converted to EUR.

photorebelle

Inspiring

For me in Canada PayPal is my choice, simple, reliable and without any problem for years.

Worker404Author

Inspiring

I struggled to create a paypal account, now it works.

Most credit cards in Egypt do not work on PayPal, I had to make a custom one and contacted support several times and also contacted the card issuer. It was complicated, and the PayPal app UI didn't display all the content, I had to open the PayPal browser version.

Abambo

Community Expert

Most credit cards in Egypt do not work on PayPal,

By @Worker404

Unfortunately for you, you live in a reagion, where the government needed to takle action to limit the flight of capital. That's makes the lives of the people more complicated. Canada as also the European countries and the USA do have free circulation of capital. The only "concern" of our governments is that people pay their taxes.

You really need to get advice from Egyptian contributors. I don't know how many of them are contributing and how many are following the fora.

ABAMBO | Hard- and Software Engineer | Photographer

Jill_C

Community Expert

PayPal works best in the U.S. because no exchange rate losses and no fees.

Jill C., Forum Volunteer

Abambo

Community Expert

PayPal works best in the U.S. because no exchange rate losses and no fees.

By @Jill_C

As OP is talking about exchange rates, they are not in the US. If you would get paid in EUR or GBP or any other currency, you would have exchange rates losses.

ABAMBO | Hard- and Software Engineer | Photographer

Worker404Author

Inspiring

There is also a currency conversion tax.

Abambo

Community Expert

The system you use depends on the cost of the service and the region you are operating in. I'm using PayPal, because that works best for me.

ABAMBO | Hard- and Software Engineer | Photographer

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