Do you usually use PayPal or Skrill to receive withdrawals?

[Worker404]

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? 

[Abambo]

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.

[Jill_C]

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

[Abambo]

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. 

[Worker404]

There is also a currency conversion tax.

[Abambo]

There is also a currency conversion tax.

By @Worker404

That's probably to fill the coffers of your government. That's what taxes are. The rest are fees. Those are for the company doing the conversion for you. Best for you would be to keep the money in USD to pay goods and services in USD, but I guess that is not an option for you. 

[Abambo]

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

By @Jill_C

BTW, OP is located in Egypt. So much will depend on the local policy.

[Worker404]

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. 

[Abambo · Accepted solution]

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. 

[Worker404]

Thank you for taking the time to research and write the comment.

Regarding the issue of keeping the dollar as it is without converting it, I think this is only possible for me in the case of purchasing services online using Paypal. This is an available option, but I usually do not buy anything online.

I transfer dollars to a credit card, so PayPal has to convert dollars to Egyptian pounds (with PayPal fees and currency conversion tax we talked about)

I also read that line that says Skrill charges some fees when inactive for 6 months, I do not guarantee that I will continue to use their service monthly. 

PayPal is working after a struggle, I contacted support several times and the user interface of the application is bad and glitchy, I'm using the web version.

Support says my account is completely prepared and I get messages on the app to complete setting up my account, but the important thing that it's working fine, if it works don't touch it.

I think I will continue using PayPal for now, I might use Skrill but not now.

Also I don't find much information on the internet, Egyptian contributors are rare.

Thanks for your help!

[Abambo]

I think I will continue using PayPal for now, I might use Skrill but not now.

Also I don't find much information on the internet, Egyptian contributors are rare.

By @Worker404

Good luck. I'm not well informed about Egyptian monetary policy. I only know that some Egyptian customers complained about the credit card restrictions in Egypt. And I know that Egypt is not a high salary country. So, what is for us a modest add on of revenue will be for you part (or all) of your income. So every dime of fees counts.

[photorebelle]

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

[Worker404]

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]

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.