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Updated September 28, 2026 · VaultCue Editorial Team

Payoneer rails vs Skrill

Payoneer rails scores 9.2 and Skrill 9.0 out of 10. Compare their differences and shared features below.
Skrill

Skrill

9.0/10
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Payoneer rails

Payoneer rails

Higher score in this comparison

9.2/10
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Payoneer rails vs Skrill: the differences

Payoneer rails vs Skrill
ComparePayoneer railsPayoneer railsReviewSee alternativesSee alternativesSkrillSkrillReviewVisitVisit
Transfer feeUp to 1% + up to 4.00 USD (send from balance to a different country)Skrill to Skrill 2.99% (min EUR 0.50); Skrill Money Transfer by bank transfer zero fees; international transfer up to 4.99% incl. exchange rate mark-up
Exchange rate markup1.2% to 4%Lower4.99%
Delivery timeWithin seconds for Payoneer-to-Payoneer; external bank transfers vary by destination24 - 72 hours
Currencies70Higher47
Fee to send 1,000$4€0

Same on both: Licence type (E money), Payout methods (Bank, Card, Wallet).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Payoneer rails scores higher overall: 9.2 vs 9.0.
  • Founded is lower at Skrill: 2001 vs 2005.
  • Skrill is licensed in 2 more countries.
  • Payoneer rails is available in 19 more countries.
  • Exchange rate markup is lower at Payoneer rails: 1.2% to 4% vs 4.99%.
  • Currencies is higher at Payoneer rails: 70 vs 47.
  • Support channels: only Payoneer rails offers Chat.
  • Support channels: only Skrill offers Email, Phone.

Our verdict on each

Payoneer rails

Payoneer rails suits businesses and freelancers paid from abroad who want local account details and a $0 account to hold balances in. Costs concentrate in conversion, where 0.5% to 4% sits above the 0.5% median across the providers listed in this group.

Read the full Payoneer rails review

Skrill

Skrill suits expats, travellers and businesses who want many currencies and no monthly charge, with the monthly fee at €0 and 47 currencies. The trade-off is the pace and cost of moving money: international transfers land in 24 - 72 hours and conversion costs 3.99% on top.

Read the full Skrill review

Score breakdown

Payoneer rails vs Skrill
AreaPayoneer railsSkrill
Cost8.7$0 is nothing to hold, but conversion at 0.5% to 4% runs well above the 0.5% median here.8.7Cost is the weak side: 3.99% to convert, a fee set on the amount sent for transfers, and a mark-up of 4.99% on international ones.
Offer9.2Local details in iban, uk sort code and us ach, payouts to bank, card and wallet and 70 currencies give it a wide practical reach.9.6HigherOffer is strong: 47 currencies, EU deposit protection of EU DGS up to EUR 100,000 and support on help centre, email and phone.
Trust9.5Higher8.9

Positions in our rankings

Payoneer rails vs Skrill
RankingPayoneer railsSkrill
Current and checking accounts66 of 8854 of 885
Business bank accounts84 of 5637 of 563
Money transfer services156 of 15644 of 1564
Multi-currency accounts87 of 3484 of 348

Availability and regulation

Payoneer rails vs Skrill
CountryPayoneer railsSkrill
Ireland
IE_CBI PSD_EMI IE_CBI!C189473
IE_CBI PSD_EMI IE_CBI!C184986
United KingdomNot confirmed
United StatesNot confirmed

Available in 3 countries for both. Additional countries for Payoneer rails: 20. Additional countries for Skrill: 1.

Every fact side by side

Payoneer rails vs Skrill
FactPayoneer railsSkrill
Legal entityPayoneer Europe LimitedPaysafe Payment Solutions Limited
HeadquartersIrelandIreland
Founded20052001Lower
Support channelsChat, Help centreHelp centre, Email, Phone

Everyday accounts

Payoneer rails vs Skrill
FactPayoneer railsSkrill
Monthly fee$0€0
Deposit protectionEU DGS up to EUR 100,000EU DGS up to EUR 100,000
Currency conversion fee0.5% to 4%Lower3.99%
AudienceBusiness, FreelancerExpats, Travelers, Business
Pricing modelNo monthly feeNo monthly fee
Local account detailsIBAN, UK sort code, Us ACHNot confirmed

Where each stands against the rest

Payoneer rails vs Skrill
FactPayoneer railsSkrillMedian
Exchange rate markup1.2% to 4%above the median4.99%highest quarter0.64
Currencies70highest quarter47highest quarter6

Median across 497 listed accounts.

Pros and cons

Payoneer rails

Pros

  • The monthly fee is $0, so there is no account charge to budget for, which is the model behind 91.7% of the providers listed here.
  • Clients can pay local details in iban, uk sort code and us ach, so an invoice can settle without the client opening an account anywhere else.
  • Payoneer to Payoneer payments land within seconds, where Skrill adds a percentage on a same send and receive currency transfer.

Cons

  • The conversion fee of 0.5% to 4% sits well above the 0.5% median across the providers listed, and close to the 2.5% upper mark, so frequent currency changes cost real money.
  • Sending from a balance to a different country carries a transfer fee, where Paysera is free in EUR to SEPA and Paysera users and PayPal Colombia charges nothing from a PayPal balance or linked bank account.
  • Delivery is within seconds for Payoneer to Payoneer payments, while external bank transfers vary by destination, so a client payment lands on the timing of its corridor.

Skrill

Pros

  • The monthly fee is €0, the same as Starling Personal Account Debit Card at £0, so the wallet costs nothing to keep open.
  • The stated audience covers expats, travelers and business, so expats, travellers and businesses are the groups the service is built around.
  • 47 currencies sit in one wallet, well above the site median of 5.

Cons

  • Currency conversion costs 3.99%, against 0% at AXI Card Tarjeta y Credito and 0.5% at XTB.
  • An exchange rate mark-up of 4.99% can be added to international transfers on top of the fee.
  • The currency conversion fee ranking puts it at 297 out of 312, so exchange is the weak spot.

Who each suits

Payoneer rails

Who it suits

  • Businesses invoicing clients in several markets who want to be paid into local details without the client opening another account
  • Freelancers and contractors holding income in more than one currency and paying it out to bank, card and wallet
  • Anyone who wants local account details alongside a $0 monthly fee

Who should look elsewhere

  • Skrill, if your money comes in by card, because its card-funded sends carry a percentage fee where converting here costs 0.5% to 4%.
  • Paysera, if you mainly send euro to SEPA recipients, because that is free in EUR to SEPA and Paysera users where Payoneer charges 0.5% to 4% to convert.

Skrill

Who it suits

  • Expats and travellers who need to hold and send money in several currencies, with 47 available.
  • Businesses paying suppliers abroad that want no monthly charge, since the monthly fee is €0.
  • People who want help on a stuck transfer, since support covers help centre, email and phone.

Who should look elsewhere

  • Readers who convert money often, since AXI Card Tarjeta y Credito charges 0% to convert against 3.99% here.
  • People hunting for the lowest exchange cost, who would find XTB's 0.5% conversion fee easier to weigh.

Current offers

Skrill

Current offer

  • Bonus

    Final Score: Up to EUR 10,000 every week

    6 matches, 6 predictions; free to play; get all 6 right to win EUR 10,000; log in or register; T&Cs apply

    Source, checked September 26, 2026

Country by country

Payoneer rails vs Skrill
CountryPayoneer railsSkrill
AustraliaYesNo
BrazilNoYes
BulgariaYesNo
CanadaYesNo
ChinaYesNo
CzechiaYesNo
JapanYesNo
KenyaYesNo

8 of 24 countries where either is available.

Questions about each

Payoneer rails

Is there a monthly fee to hold the account?+

The monthly fee is $0, so there is nothing to pay simply for keeping the account open. That matches the no monthly fee model behind 91.7% of the providers listed here. The cost of the service sits in the 0.5% to 4% charged to convert currency and in the transfer fee on a cross-border payout.

What does Payoneer charge to convert currency?+

Converting costs 0.5% to 4%, with the gap between the quoted rate and the mid-market rate running 1.2% to 4%. The median conversion fee across the providers listed here is 0.5%, so this sits well above the middle of the group. Converting less often keeps that cost down.

Skrill

How much does it cost to keep a Skrill account?+

The monthly fee is €0 and the account is sold as no monthly fee, so holding the wallet costs nothing each month. A bank transfer through Skrill Money Transfer is free, while a transfer to another Skrill wallet takes a fee set on the amount sent and an international transfer can cost more.

What does it cost to change currency?+

Converting between currencies costs 3.99%, and an exchange rate mark-up of 4.99% can apply on international transfers on top. AXI Card Tarjeta y Credito lists 0% for conversion and XTB lists 0.5%, so a wallet holding a single currency costs far less to change.

Other options to compare

Skrill

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Payoneer rails

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