Skrill
Digital wallet that can send money to bank accounts or other Skrill customers, issued by an Irish-regulated Paysafe company
Quick Overview
| Company | Paysafe Payment Solutions Limited |
|---|---|
| Category | International Money Transfer Services |
| Headquarters | Dublin, Ireland |
| Founded | Not stated |
| EU Presence | Yes - Ireland (EU) |
| Data Location | See privacy notice |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Send to bank accounts, send to Skrill users, overseas transfers, rate alerts, prepaid Mastercard |
| Pricing | Fee schedule on a separate fees page; see website |
| Best For | People who already hold a Skrill wallet and send occasionally |
| Replaces | Western Union, PayPal-style wallet transfers |
Detailed Review
Skrill appears as Skrill, Rapid Transfer and Skrill Money Transfer in the footer, all trading names of Paysafe Payment Solutions Limited.
The site says you can set a target exchange rate and be notified when it is reached.
Wallet model
Money sits in the wallet and moves from there, rather than being funded transfer by transfer.
Group
The footer reads Skrill, a Paysafe experience, and links to Paysafe notices, so the product belongs to the Paysafe group.
Cost
All transfer, conversion and service fees are collected on one fees page, which the home page links to.
Limitations to Consider
The pages read name no fee amounts on the home page, and the country of incorporation is implied by the Irish regulator rather than stated. Skrill is part of the Paysafe group, whose parent domicile was not checked. It is a wallet, so recipients who need cash pickup are better served by WorldRemit.
Who Should Use Skrill
Existing wallet users who occasionally send to a bank account or another Skrill user.
Pros and Cons
Pros
- Irish regulator named
- Bank and wallet-to-wallet sending
- Rate alerts
- Prepaid card option
- Single fees page
Cons
- Wallet-centric, few corridor details
- Fees not on home page
- Group parent not checked
- Not remittance-focused
Alternatives to Skrill
Other European international money transfer services worth comparing before you decide:
TransferGo
United Kingdom / Lithuania · Vilnius-rooted sender paying out to 160+ countries from Europe
Paysend
United Kingdom · Scottish e-money firm with card, wallet and bank payouts
LemFi
Ireland · Migrant-focused app sending from Europe to Africa and Asia
Wise
United Kingdom · Per-use transfers and a multi-currency account, no subscription
See all European international money transfer services or compare them directly against Western Union on our alternatives page.
Frequently Asked Questions
The footer says Paysafe Payment Solutions Limited is regulated by the Central Bank of Ireland.
Yes, the site says you can send to bank accounts or other Skrill customers.
On a dedicated fees page linked from the home page.