Skrill review

Skrill is a digital payments platform owned by Paysafe, offering international money transfers alongside e-wallet services and online payments. Founded in 2001 and based in London, UK, Skrill is a money transfer provider. Skrill is authorised and regulated by FCA, which means customer money is safeguarded separately from company funds.

On the fee side, expect from 0.5% to 3.99%, but the bigger cost is usually the exchange-rate markup of 1.5% - 3.5% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $50,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at instant to 3 business days, and the service reaches 200+ countries across 40+ currencies. You can fund a transfer by Bank Transfer, Debit Card, Credit Card and Skrill Wallet, with money delivered via Bank Deposit and Skrill Wallet. The mix of funding and payout options is a good guide to which corridors Skrill handles best.

On the plus side: wide country coverage, multiple funding options and e-wallet for repeat transfers. That makes it a sensible choice for people who send to a wide spread of countries from one account. Worth keeping in mind: exchange rate markup can be high and fees vary by payment method. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.