Topic: Skrill/Neteller Doesn't Allow Bitcoin Trades? (Read 1542 times)

Skrill isn't too much of a fan of bitcoin trading. A lot of people use Skrill for buying bitcoins from virwox though. 

They actually might if it violates their policy and like twister said, that if they detect some kind of money laundering or fraud with it, they will freeze your funds. Surprisingly, just to avoid money laundering they also have a policy to not allow you to cross the normal verified limits, so anyone laundering a big amount of money with bitcoins, cannot do it through neteller.

Just a way to prevent fraud and money laundry.

neteller accepts bitcoin deposit now, they won't close your accounts if you trade btc. neteller's choice is beneficial for btcers. cheers.

according to skrill terms, you can't trade btc there, so be careful, they will close your accounts

https://www.skrill.com/en/siteinformation/terms-and-conditions/

Read some of their terms and conditions, as posted above, they have this rule where if they suspect that your account is being used to launder money, which they might think if they know that you're dealing in bitcoins and they'll not only block the account but also seize the funds.

So it is kind of risky but as you said, they don't have to know that you're trading Bitcoins for it, you can say that you're receiving/sending funds for services/goods and so far I haven't seen anyone on this forum who claimed that his/her account was closed because of trading BTC for Skrill.

Not only bitcoin trades but any other currency exchange/trade in that respect:

11.4. It is strictly forbidden to use your Skrill Account for any illegal purposes including but not limited to fraud and money laundering. We will report any suspicious activity to the relevant law enforcement agency. You are prohibited from using your Skrill Account in an attempt to abuse, exploit or circumvent the usage restrictions imposed by a merchant on the services it provides.

11.5. You may only accept payments for certain categories of business after approval from us in our sole discretion. Such business categories include but are not limited to: money exchange or remittance businesses, including but not limited to bureaux de change, currency exchanges and purchase of travel money; the collection of any form of donations or payments to charitable or not-for-profit organisations; dealing in natural resources such as jewels, precious metals or stones; live streaming the sale or supply of alcoholic beverages; the sale of supply of dietary supplements and alternative health products; any other business category published in an acceptable use policy on the Website from time to time. In case you are in doubt whether your business falls under any of the above categories, you must contact Customer Service.We reserve the right in our sole discretion, to add business categories requiring approval by adding such categories either to these Terms of Use or an acceptable use policy published on the Website.

https://www.skrill.com/en/siteinformation/terms-and-conditions/

I have used Neteller for a couple of Bitcoin sales. I never had any problems so far. Neteller officially allows Bitcoin deposits, so I am pretty sure they will not close your account by trading Bitcoins. For sure there were other reasons. Fraud or scamming allegation for instance.

Please ask from the customer support.

Seeing that Neteller accepts bitcoin for deposits, I doubt they would shut down accounts whioch are involved in trades using bitcoin.

I'm not sure about Skrill, but Neteller doesn't close your account if you're verified and trading BTC. They've even got a partner ship with a bitcoin exchange in Austria (coini....).

I read that if skrill finds out you trade bitcoin for skrill or vice versa, they can close your acct.  First off, is this true or false b/c in the poker forums that im where ppl trade pokerstars for boa, bitcoin for skrill/neteller etc... many ppl seem to do this.  I assume as long as skrill doesn't know why you are sending funds to someone else, there should be no issue?  I mean theres ppl trading skrill or btc and boa and say pokerstars but everyone does it.   Is it not allowed or its just bitcoins thats not allowed?  Then again how would they know if you are trading skrill for bitcoin or pokerstars since they wouldn't have a clue.


What about neteller?  Apparently they dont seem to have anti bitcoin policy like skrill right?  Or are they similar?


I mean theres lot of ppl here trading skrill and neteller for bitcoin so i assume nothing would happen?  Just curious how skrill would know.  I know lot of poker players trade skrill funds etc and its no big deal.


Thoughts or experiences on this?  If anyone got their skrill or neteller acct closed and if so, what caused it?  Thanks.