Skrill vs. Wise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Skrill
Score 8.1 out of 10
N/A
Skrill is a payment gateway software solution offered by Skrill USA, Inc..N/A
Wise
Score 9.0 out of 10
N/A
Wise, formerly TransferWise, from the company of the same name headquartered in London, provides international accounts and payment solutions for businesses. Wise helps businesses pay international invoices, vendors, and employees with the real exchange rate, in 80 countries, boasting cheaper rates than traditional banking options. It also helps to make faster, lower-cost payouts to all business customers, freelancers, employees, investors, and suppliers around the world.
$0.41
one-time fee
Pricing
SkrillWise
Editions & Modules
No answers on this topic
ATM Fees over 100 USD per month
2%
One time/%
Accounting Funding transactions
2%
One time/%
Receiving USD wire payments
4.14 USD
One time/%
Getting the Wise Debit card
5 USD
One time/%
Getting account details in 10 currencies
31 USD
One time/%
Sending money
From 0.41%
One time/%
Converting money
From 0.41%
One time/%
Offerings
Pricing Offerings
SkrillWise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
SkrillWise
Considered Both Products
Skrill
Chose Skrill
Skrill has advantages over the others, such as quicker payments, superior customer service, and lower payment transfer fees. Before using this one, we tested PayPal, Payoneer, and TransferWise, among other payment service providers. However, after around three years of use, …
Wise
Chose Wise
I used all of them and some more like Skrill, Neteller. Wise just worked better for me in most cases. Also, I use Payoneer a lot. When I started freelancing I was only using Payoneer, so it's been with me forever. But Wise worked pretty well for me, at least better than Remitly.
Top Pros
Top Cons
Best Alternatives
SkrillWise
Small Businesses
Apple Pay
Apple Pay
Score 9.1 out of 10
Square Invoices
Square Invoices
Score 9.2 out of 10
Medium-sized Companies
Apple Pay
Apple Pay
Score 9.1 out of 10
Apple Pay
Apple Pay
Score 9.1 out of 10
Enterprises
Amazon Pay
Amazon Pay
Score 8.7 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
SkrillWise
Likelihood to Recommend
7.8
(8 ratings)
9.2
(23 ratings)
Likelihood to Renew
6.0
(1 ratings)
-
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(2 ratings)
User Testimonials
SkrillWise
Likelihood to Recommend
Paysafe
Skrill is my preferred way of doing money transactions abroad typically when I need a safe secured and efficient way of sending money overseas and the amount is low. Most other portals tend to charge a transfer fee for lower amounts but Skrill does not charge a transaction fee when I use the ACH Transfer even for lower amounts. For personal use, I have used the debit card to fuel transactions and it allows you the same facility as the debit card. If I need to complete the transaction within a day and want the money to be available in the receiving account overseas the same day, I prefer another portal that has the option of express service that Skrill does not offer.
Read full review
TransferWise
For a small business looking to expand internationally, transferwise offers lower admin fee and no hidden fee which is very important. It also remove the hassle and headache of setting up accounts with the local banks. Other than the low fees, the best part is we can use transferwise safely with a peace of mind as it is being regulated by the MAS. Lastly, any small business can set up their transferwise account within minutes which is very convenient
Read full review
Pros
Paysafe
  • It is a global payment processor that accepts payments from all around the world.
  • Because of the high security requirements for signing in, no one can readily access the account.
  • Real-Time Payments - Payment Gateway
Read full review
TransferWise
  • Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
  • Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
  • Affordable - the fees on both ends were minimal.
Read full review
Cons
Paysafe
  • Skrill's UI can be bloated and slow sometimes, and overcomplicated
  • There are some issues with localization and language, some concepts didn't see to be translated properly
  • What an e-wallet is, is not super clear to potential users
Read full review
TransferWise
  • For large money transfers, the tax is a bit expensive so it would be nice if that was adjusted or if there was some economy of scale.
  • Ability to schedule recurring transfers could be useful.
  • Be able to transfer money by using a mobile phone number, like with Mobile Pay or Bizum, when the sender and receiver of the money are in different countries.
Read full review
Likelihood to Renew
Paysafe
We ended up using Tipalti which seems to have solved our specific needs better, though it is more expensive.
Read full review
TransferWise
No answers on this topic
Support Rating
Paysafe
No answers on this topic
TransferWise
We haven't really had to engage with TransferWise support. The platform is simple and easy to use.
Read full review
Alternatives Considered
Paysafe
I use different payment systems depending on the goal. Skrill is good when my contractor prefers this way of payment. Also, Skrill is a preferred payment option in many online services, which makes it easy to use. Also, Skrill issues a real plastic Visa card you can use like any bank card.
Read full review
TransferWise
We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case of a new payee).
Read full review
Return on Investment
Paysafe
  • I can quickly deposit my international multi-currency account without making an expensive wire transfer, with no border restriction as long as I have the mobile app with me.
  • Skrill is very convenient for each transfer amount up to EURO 2,500, and EURO 15,000/monthly.
  • Possibility of hiring freelancers for my company with immediate payments.
Read full review
TransferWise
  • We can save around 5% on our transfer fees
  • The online account management is easier than going into banks personally
  • There's no negative impact...
Read full review
ScreenShots