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Skrill review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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.

Our verdict

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.

Key facts

Best for
Expats and businesses sending money abroad without paying a monthly charge.
Monthly fee
€0↗
Licence type
E money↗
Deposit protection
EU DGS up to EUR 100,000↗
Currency conversion fee
3.99%↗
Currencies
47↗
Transfer fee
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↗
Legal entity
Paysafe Payment Solutions Limited↗
Headquarters
Ireland↗
Founded
2001↗
Support channels
Help-centre, Email, Phone↗
Audience
Expats, Travelers, Business
Pricing model
No monthly fee
Official website
skrill.com

Money transfer

Exchange rate markup
4.99%↗
Delivery time
24 - 72 hours↗
Payout methods
Bank, Card, Wallet↗
Fee to send 1,000
€0↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataXfacebook.com

Pros and cons

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.
  • Payouts go to bank, card and wallet, so money can land in a bank account, on a card or in another wallet.
  • Support runs through help centre, email and phone, which includes phone help for transfers that stall.

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.
  • Balances sit under an e-money licence (e money) rather than a bank licence, and international delivery runs 24 - 72 hours.
Skrill

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Scored 9.0 / 10 by VaultCue.

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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.

Deposit protection

Skrill runs as an e-money institution, licence type e money, with the Central Bank of Ireland named as regulator in its Irish licence PSD_EMI IE_CBI!C184986. Money held on EU balances sits inside the deposit guarantee scheme, with protection of EU DGS up to EUR 100,000. That cover matches what a bank deposit offers, with a difference worth holding in mind: the balance is e-money rather than a bank deposit, so the claim sits with the e-money institution. US customers are handled under a separate arrangement again, with FinCEN money transmitter registration under NMLS 935195. Readers who move money between countries should check which arrangement applies to the account they open, since the protection scheme applies to EU balances.

Foreign exchange costs

Converting between the 47 currencies in the wallet costs 3.99%, and an exchange rate mark-up of 4.99% can be added when money moves across currencies on a transfer. The long currency list is the draw and the bill for using it. For a reader who changes money often, the conversion charge matters more than the size of the list, and it is the figure that decides whether holding many currencies is worth it. Anyone paid in a single currency and spending in another will pay 3.99% each time they switch, so frequent switching erodes the benefit of a wide list.

How it compares on our data

On monthly fee Skrill places 1 out of 500, so it sits with the free accounts rather than the paid tier. On the number of currencies it places 22 out of 379, a broad reach that is still some way off the widest lists on the site. On currency conversion fee it places 297 out of 312, and that is where the weakness sits. The pattern is consistent: access is cheap and wide, while the price of actually changing currency is high.

The company behind it

The wallet is run by Paysafe Payment Solutions Limited (Paysafe Payment Solutions Limited), based in Ireland (IE) and founded in 2001. Support runs through help centre, email and phone, covering a help centre, email and phone. The permissions behind the brand are the Irish e-money licence PSD_EMI IE_CBI!C184986 and, for US customers, FinCEN money transmitter registration under NMLS 935195. A long operating history and a named parent matter when money crosses borders, since the company on the other side of a transfer is the entity you hold a claim against if something goes wrong.

How Skrill compares

Where Skrill is available

Available
Brazil, Ireland, United Kingdom, United States
Licence in Ireland
Central Bank of Ireland, checked September 26, 2026
Licence in United States
FinCEN / NMLS (money transmitter) (935195), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (FCA), checked September 26, 2026
Licence in Ireland
IE_CBI (PSD_EMI IE_CBI!C184986), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

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.

Is my money protected?+

EU balances are covered by the deposit guarantee scheme, with protection of EU DGS up to EUR 100,000. Funds are held under an e-money licence (e money) with the Central Bank of Ireland as regulator, licence PSD_EMI IE_CBI!C184986. US customers fall under FinCEN money transmitter registration, NMLS 935195.

How many currencies can the wallet hold?+

The wallet covers 47 currencies, which sits well above the site median of 5. Holding a longer list helps people paid in a single currency and spending in another, though every change of currency carries 3.99% and can add 4.99% on international transfers.

How long do international transfers take?+

International transfers land in 24 - 72 hours, so money sent abroad may not arrive the same day. Payouts can go to bank, card and wallet, so a transfer can be collected in a bank account, sent to a card or placed in another wallet depending on the receiving country.

Who is Skrill aimed at?+

The stated audience covers expats, travelers and business, so expats, travellers and businesses are the groups the service is built for. It fits people who need to hold several currencies and send money abroad without a monthly charge, rather than customers who bank in a single currency at home.

Can I get help if a transfer goes wrong?+

Support runs through help centre, email and phone, so a help centre, email and phone cover transfer queries and balance questions. With international delivery at 24 - 72 hours, a payment that has not arrived is worth raising by phone rather than waiting out the delivery window.

Which company runs Skrill?+

The service is run by Paysafe Payment Solutions Limited (Paysafe Payment Solutions Limited), based in Ireland (IE) and founded in 2001. Its permissions are an e-money licence in Ireland, PSD_EMI IE_CBI!C184986, and FinCEN money transmitter registration in the US, NMLS 935195.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Skrill

Skrill

Expats and businesses sending money abroad without paying a monthly charge.

9.0/10Visit