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Updated October 18, 2026 · VaultCue Editorial Team

Skrill vs UQPay

Skrill scores 9.0 and UQPay 8.9 out of 10. Compare their differences and shared features below.
Skrill

Skrill

Higher score in this comparison

9.0/10
Visit

UQPay

8.9/10
Visit

What sets them apart

Skrill vs UQPay
CompareSkrillSkrillReviewVisitVisitUQPayReviewVisitVisit
Monthly fee€0$0
Currency conversion fee3.99%0.25%Lower
Currencies4754Higher
Transfer feeSkrill 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-upFrom $0.2 per transfer
Licence typeE moneyNot confirmed
Deposit protectionEU DGS up to EUR 100,000Not confirmed
Local account detailsNot confirmedUs ACH

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Key differences

  • Skrill scores higher overall: 9.0 vs 8.9.
  • UQPay is licensed in 1 more country.
  • Currency conversion fee is lower at UQPay: 0.25% vs 3.99%.
  • Currencies is higher at UQPay: 54 vs 47.
  • Support channels: only Skrill offers Phone.
  • Support channels: only UQPay offers Chat.

Our verdict on each

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

UQPay

UQPay suits businesses moving funds by bank transfer across borders while keeping fixed charges low, with support by email and chat for routine queries. Transfer fees run From $0.2 per transfer alongside an exchange margin of 0.25%, which keeps pricing clear for regular senders.

Read the full UQPay review

Score breakdown

Skrill vs UQPay
AreaSkrillUQPay
Cost8.7Cost 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.8.9HigherTransfer pricing is listed as From $0.2 per transfer with margin of 0.25% for bank payouts.
Offer9.6HigherOffer is strong: 47 currencies, EU deposit protection of EU DGS up to EUR 100,000 and support on help centre, email and phone.9.0Coverage spans 54 currencies with us ACH receiving and bank payouts.
Trust8.9Not confirmed

Availability and regulation

Skrill vs UQPay
CountrySkrillUQPay
United States
AustraliaNot confirmed
Hong KongNot confirmed
Ireland
IE_CBI PSD_EMI IE_CBI!C184986
Not confirmed
SingaporeNot confirmed
United KingdomNot confirmed

Spending 1,000 abroad

Skrill

39.9

3.99% of 1,000

UQPay

2.5

0.25% of 1,000

UQPay comes out 37.4 lower in this example.

Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 30, 2026.

How they place

Skrill vs UQPay
RankingSkrillUQPay
Business bank accounts7 of 56318 of 563
Money transfer services4 of 156418 of 1564
Multi-currency accounts4 of 3488 of 348

Where these facts come from

Skrill

  • skrill.com: 9 facts, checked September 26, 2026
  • euclid.eba.europa.eu: 3 facts, checked September 26, 2026

UQPay

  • uqpay.com: 9 facts, checked September 30, 2026

Every fact side by side

Skrill vs UQPay
FactSkrillUQPay
AudienceExpats, Travelers, BusinessNot confirmed
Pricing modelNo monthly feeNo monthly fee
Legal entityPaysafe Payment Solutions LimitedUQPAY Pte. Ltd.
HeadquartersIrelandSingapore
Founded2001Not confirmed
Support channelsHelp centre, Email, PhoneEmail, Chat, Help centre

Money transfer

Skrill vs UQPay
FactSkrillUQPay
Exchange rate markup4.99%0.25%Lower
Delivery time24 - 72 hoursNot confirmed
Payout methodsBank, Card, WalletCovers moreBank
Fee to send 1,000€0$0.20

Where each stands against the rest

Skrill vs UQPay
FactSkrillUQPayMedian
Currency conversion fee3.99%highest quarter0.25%below the median0.5%
Currencies47highest quarter54highest quarter5

Median across 536 listed accounts.

Pros and cons

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.

UQPay

Pros

  • Transfer pricing is listed as From $0.2 per transfer, helping budget bank transfers through bank.
  • Conversion margin of 0.25% sits beside stated currency fee of 0.25% for clear pricing.
  • Coverage of 54 currencies supports varied cross border payables and receivables.

Cons

  • Payouts move through bank only, so cash or wallet delivery sits outside the service.
  • Support runs on email, chat and help centre only, which leaves phone help outside routine contact routes.
  • Local receiving covers us ACH only, which narrows collection choices for global receivables.

Who each suits

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.

UQPay

Who it suits

  • Firms paying suppliers by bank who prefer UQPay pricing clarity to Oman Exchange confirmation stage quotes.
  • Teams collecting in United States rails who find Bank of Bhutan inward routes less aligned than us ACH.
  • Regular senders valuing free account access who prefer UQPay structure to Dahabshiil cash led flows.

Who should look elsewhere

  • Senders needing cash pickup, where Dahabshiil may fit better than bank only bank.
  • Anyone wanting phone help, where Oman Exchange style branch contact may feel easier than email, chat and help centre.

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

UQPay

Current offer

  • Free trial

    Pro first month free: 1 month free

    Pro plan, first month

    Source, checked September 30, 2026

Country by country

Skrill vs UQPay
CountrySkrillUQPay
BrazilYesNo
IrelandYesNo
United KingdomYesNo
United StatesYesNo

Questions about each

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.

UQPay

What does UQPay charge for transfers and conversion?+

Transfer pricing is listed as From $0.2 per transfer. Conversion uses a margin of 0.25%, and bank transfer is the stated payout route through bank. Monthly pricing is free through $0, so regular senders see stable line items.

Which regulators oversee UQPay?+

UQPay records licences that include CMS101336, 2672177 and 25-11-03304. Oversight comes from Monetary Authority of Singapore, Financial Crimes Enforcement Network and Hong Kong Customs and Excise Department across those registrations.

Other options to compare

Skrill

Visit

UQPay

Visit