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Skrill Money Transfer vs Wise

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Skrill vs Wise: Which Is the Better Service?

François Briod

Guide

Aug 17, 2019
Advertiser disclosure

Skrill vs Wise. Which one is best for you and your needs? Which is the most affordable option if you need to send or receive money internationally? Check out our analysis of the pros and cons of each money transfer company.

Both are great services. While Skrill Money Transfer is a brand new service started by an established company with super-competitive pricing, Wise has years of experiences and the largest amount of satisfied customers using their service which is why Wise has a better overall Monito Score.
Our recommendation: compare Skrill vs Wise for the exact amount you need to transfer and go with the cheapest. Based on Monito's data, Skrill is often cheaper than Wise.

📢 Important: Wise Is the New Name for TransferWise

Until March 2021, Wise had been formerly called TransferWise. The company decided to change its name to broaden its appeal and encapsulate the full range of service it offers. While the name is different, it's important to note that the service is still the same, and you're still able to use the service as usual with the same set of login details that you used on TransferWise. See more here.

Compare Skrill, Wise and 100+ International Money Transfer Services

Skrill
8.8
Wise
10

Trust & Credibility

Background check

Background check
Background check

Owned by the publicly-traded Paysafe Ltd, Skrill is a well-established and widely-used money transfer operator duly authorised and regulated by the FCA in the UK and FinCEN in the US.

Licensed and authorised in the UK, US, Europe, and other countries.

Security & reliability

Security & reliability
Security & reliability

Skrill's website and mobile app are fully secured and use top-notch security protocols, including segregated user accounts and HTTPS.

HTTPS, segregated client accounts, secure data storage and network.

Company size

Company size
Company size

Since 2001, Skrill has grown to serve around a million customers globally, employ around 500 people, and handle up to US$1 billion in annual transactions.

16 million customers, 4,500 employees, and $133 billion in annual volumes.

Transparent pricing

Transparent pricing
Transparent pricing

All of Skrill's fees are exchange rate margins, but it makes this fact clear on its homepage.

No exchange rate margin, only a low transparent fee.

Skrill
8.7
Wise
8.7

Service & Quality

Opening an account

Opening an account
Opening an account

Opening a new mobile wallet with Skrill is a straightforward experience, made all the easier by a smooth and easy-to-use interface.

No exchange rate margin, only a low transparent fee.

Making a transfer

Making a transfer
Making a transfer

Sending money overseas with Skrill (whether to a new or existing recipient) is a fast, simple, and clear process.

Very easy, can be done in just a few clicks.

Contacting support

Contacting support
Contacting support

Getting help when needed is possible with Skrill through a 24/7 live chat, although phone support is lacking.

Very easy, responsive live chat and phone support available 24/7.

Skrill
7.0
Wise
9.6

Fees & Exchange Rates

Transfers to a bank account

Transfers to a bank account
Transfers to a bank account

Good exchange rates, but not always the cheapest on Monito.

Extremely cheap and competitive on Monito.

Skrill
8.5
Wise
9.5

Customer Satisfaction

Trustpilot reviews

Trustpilot reviews
Trustpilot reviews

3.9/5 stars from more than 22,000 reviews.

Very good reviews on Trustpilot.

App Store reviews

App Store reviews
App Store reviews

4.5/5 stars from more than 11,000 reviews.

Outstanding App Store reviews.

Google Play reviews

Google Play reviews
Google Play reviews

4.7/5 stars from more than 175,000 reviews.

Very good reviews on Google Play.

Find the Best Way To Send Money Abroad

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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  • Our recommendations are always unbiased and independent.

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