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Skrill Money Transfer vs Wise
Skrill vs Wise: Which Is the Better Service?
François Briod
Guide
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.
Skrill vs Wise
Compare Skrill, Wise and 100+ International Money Transfer Services
Trust & Credibility
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
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
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
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.
Service & Quality
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
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
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.
Fees & Exchange Rates
Transfers to a bank account
Good exchange rates, but not always the cheapest on Monito.
Extremely cheap and competitive on Monito.
Transfers to a debit or credit card
Wise does not have a score in this category.
Transfers to a mobile wallet
Wise does not have a score in this category.
Customer Satisfaction
Trustpilot reviews
3.9/5 stars from more than 22,000 reviews.
Very good reviews on Trustpilot.
App Store reviews
4.5/5 stars from more than 11,000 reviews.
Outstanding App Store reviews.
Google Play reviews
4.7/5 stars from more than 175,000 reviews.
Very good reviews on Google Play.
Related Provider Reviews
Other Provider Side-by-Side Comparisons
Why You Can Trust Us
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, Monito co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services worldwide.
Today, Monito’s award-winning comparisons, reviews, and guides (no longer just about money transfers but also digital accounts, travel cards, eSIMs, and travel insurance) are trusted by millions each year. Our recommendations are backed by our comparison data and dozens of expert tests, allowing you to confidently make the savviest decisions.
15+ million people across the globe trust Monito.
Monito's experts spend hours researching and testing services
Commissions we may receive never impact our independence.