Skrill

Summary
Skrill is a digital wallet and online payment platform that facilitates money transfers, online payments, and offers a prepaid Visa card. It aims to provide quick and secure transactions for various online activities, including gaming and betting, with a focus on low fees and convenience.
Rationale
Skrill offers online money transfer services with stated low fees and a digital wallet that supports multiple currencies, although it doesn't explicitly mention mid-market exchange rates. It provides a prepaid Visa card for spending and emphasizes fast transfers. The website also highlights mobile app availability, regulatory compliance, and customer support. While it offers international transfers, the specific mention of 'mid-market exchange rate' is missing, and the multi-currency account functionality seems more focused on holding funds for spending rather than comprehensive multi-currency management as described for Wise.
Pricing
Tiered
Skriller
$0.00/ one time
  • Digital wallet for money transfers & online payments
  • Send money to another Skrill member
  • Send money to email address
  • Receive money from US Skrill customer
  • Deposit funds via local payment methods
  • Deposit funds via global payment methods
  • Foreign exchange fee of 3.99% when receiving money from non-US Skrill customer
  • Bank withdrawal fee of USD 5.50
  • First Skrill Visa Prepaid Card application fee of USD 10
  • Service fee of USD 5.00/month if no login/transaction for 12 months
  • Currency conversion fee up to 3.99%
True Skriller
$0.00/ one time
  • Lower rates on Skrill-to-Skrill money transfers
  • Zero fees for First Skrill Visa Prepaid Card application
  • Zero fees for Bank withdrawal
  • Foreign exchange fee of 3.99% when receiving money from non-US Skrill customer (implied, not explicitly stated as removed)
  • Service fee of USD 5.00/month if no login/transaction for 12 months (implied, not explicitly stated as removed)
  • Currency conversion fee up to 3.99% (implied, not explicitly stated as removed)
Features
Must Have

Transparent Low Fees

Multi-Currency Account

Borderless Debit Card

Fast Transfer Execution

Other

Mobile App

Regulatory Compliance

Customer Support