Updated September 29, 2026 · VaultCue Editorial Team
PayPal Colombia vs Skrill
Skrill
PayPal Colombia
Higher score in this comparison
PayPal Colombia vs Skrill: the differences
| Compare | PayPal ColombiaReviewSee alternativesSee alternatives | SkrillReviewVisitVisit |
|---|---|---|
| Transfer fee | 0% from PayPal balance or linked bank account (2.90% + fixed fee by card); 5.00% international, min 0.99 USD, max 4.99 USD | 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 markup | 3% to 4%Lower | 4.99% |
| Delivery time | Seconds | 24 - 72 hours |
| Payout methods | Bank, Card | Bank, Card, WalletCovers more |
| Currencies | 24 | 47Higher |
| Fee to send 1,000 | $0 | €0 |
| Licence type | Not confirmed | E money |
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Key differences
- PayPal Colombia scores higher overall: 9.2 vs 9.0.
- Founded is lower at PayPal Colombia: 1998 vs 2001.
- Skrill is available in 3 more countries.
- Exchange rate markup is lower at PayPal Colombia: 3% to 4% vs 4.99%.
- Payout methods: only Skrill offers Wallet.
- Currencies is higher at Skrill: 47 vs 24.
- Support channels: only Skrill offers Help centre.
Our verdict on each
PayPal Colombia
PayPal suits expats, travellers and small businesses who want to send money from their balance at no charge and see it land in Seconds. The cost sits in conversion, where a fee of 3% to 4% and a 3% to 4% exchange rate markup both apply, and the 3.3% rate is variable.
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.
Score breakdown
| Area | PayPal Colombia | Skrill |
|---|---|---|
| Cost | 9.0HigherTransfer fee of $0 from a balance, but conversion costs 3% to 4% with a 3% to 4% markup. | 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. |
| Offer | 8.8 | 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. |
| Trust | 9.6Higher | 8.9 |
Choosing between them
Pick PayPal Colombia if cost, trust, and exchange rate markup matter most.
Pick Skrill if offer, payout methods, and currencies matter most.
Side by side, item by item
| Payout methods | PayPal Colombia | Skrill |
|---|---|---|
| Bank | Yes | Yes |
| Wallet | No | Yes |
| Card | Yes | Yes |
How they place
| Ranking | PayPal Colombia | Skrill |
|---|---|---|
| Business bank accounts | 85 of 563 | 7 of 563 |
| Money transfer services | 157 of 1564 | 4 of 1564 |
| Multi-currency accounts | 88 of 348 | 4 of 348 |
Every fact side by side
| Fact | PayPal Colombia | Skrill |
|---|---|---|
| Legal entity | PayPal, Inc. | Paysafe Payment Solutions Limited |
| Headquarters | United States | Ireland |
| Founded | 1998Lower | 2001 |
| Support channels | Email, Phone | Help centre, Email, PhoneCovers more |
Everyday accounts
| Fact | PayPal Colombia | Skrill |
|---|---|---|
| Monthly fee | $0 | €0 |
| Deposit protection | FDIC up to USD 250,000 | EU DGS up to EUR 100,000 |
| Currency conversion fee | 3% to 4%Lower | 3.99% |
| Audience | Expats, Travelers, Business | Expats, Travelers, Business |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM, No credit check | Not confirmed |
| Local account details | Us ACH | Not confirmed |
Savings
| Fact | PayPal Colombia | Skrill |
|---|---|---|
| Headline rate | 3.3% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | $0 | Not confirmed |
| Access terms | On PayPal.com or the PayPal app with 24/7 access; deposits pull via PayPal Balance from a linked debit card or confirmed bank account, and withdrawals go back to PayPal Balance first | Not confirmed |
| Account kind | Easy access | Not confirmed |
Where each stands against the rest
| Fact | PayPal Colombia | Skrill | Median |
|---|---|---|---|
| Exchange rate markup | 3% to 4%highest quarter | 4.99%highest quarter | 0.64 |
| Currencies | 24highest quarter | 47highest quarter | 6 |
Median across 497 listed accounts.
Pros and cons
PayPal Colombia
Pros
- No monthly fee, so the account costs $0 to keep open
- A transfer fee of $0 from a PayPal balance or a linked bank account, cheaper than the card charges at Skrill
- Money arrives in Seconds, so there is no waiting period to plan around
Cons
- Converting currency costs 3% to 4%, on top of a markup of 3% to 4% in the exchange rate
- The saving rate is variable rather than fixed, so the 3.3% headline can move
- Local account details cover us ach only, narrower than the IBAN details common in this category
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
PayPal Colombia
Who it suits
- Expats and travellers holding money in more than one currency
- Small businesses paying suppliers and staff without a monthly charge
- Anyone already paying friends and family from a PayPal balance
Who should look elsewhere
- Wise, if you move large sums and the 3% to 4% conversion fee matters more than instant delivery
- Paysera, if you need local account details beyond us ach
- Anyone chasing a fixed saving rate rather than a variable 3.3%
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
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Source, checked September 26, 2026
Country by country
| Country | PayPal Colombia | Skrill |
|---|---|---|
| Brazil | No | Yes |
| Colombia | Yes | No |
| Ireland | No | Yes |
| United Kingdom | No | Yes |
| United States | No | Yes |
Questions about each
PayPal Colombia
How much does it cost to send money from a PayPal balance?+
Nothing in fees. A transfer from a PayPal balance or a linked bank account carries a transfer fee of $0, so the only charge on a same-currency payment is the one already agreed. Funding from a card adds a percentage plus a fixed fee instead.
What does it cost to convert currency?+
Converting between currencies costs 3% to 4%, and the exchange rate also carries a 3% to 4% markup. A cross-currency payment therefore pays a fee and a worse rate, and that pair of charges is what to compare against rivals.
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.
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