Personal Finance · head to head
Skrill vs Cash App
The short version
- Each has a real cost: Skrill a currency conversion fee of 4.49 percent applies to most conversions; Cash App the App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
- They diverge on capability: Skrill covers Digital wallet, Cash App covers Direct deposit.
Where they differ
Only the attributes on which Skrill and Cash App actually diverge.
Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Personal Finance).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Skrill
- Digital wallet
- Currency conversion
- Prepaid card
- Credit cards
- Web support
Only in Cash App
- Direct deposit
- Bitcoin trading
- Stock investing
- Cash Card
Both cover
- Money transfers
- Bank accounts
- IOS support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Skrill
- Sending money internationally from a prepaid digital walletnot Cash App
- Funding and withdrawing from online merchants and gaming sitesnot Cash App
- Buying and selling cryptocurrency inside a wallet accountnot Cash App
Cash App
- Budget Managementnot Skrill
- Expense Trackingnot Skrill
- Investment Trackingnot Skrill
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Skrill
- A currency conversion fee of 4.49 percent applies to most conversions
- An inactivity fee of EUR 5.00 is deducted monthly after six months with no login or transaction
- Card deposits carry a 2.50 percent fee
- SWIFT bank withdrawals cost 2.80 percent with a minimum fee of EUR 3.5
- Skrill to Skrill transfers cost 2.99 percent with a EUR 0.50 minimum on standard accounts, reduced to 1.45 percent only for True Skriller accounts
- Crypto trading fees are tiered by VIP status, from 1.50 percent standard down to 1.30 percent at Gold and Diamond VIP
Cash App
- The App Store listing states free ATM withdrawals and up to 200 dollars in free overdraft coverage on the Cash App Card are only available once a user qualifies for Green status, not to all users by default.
Pricing, plan by plan
Skrill
Free- Free AccountFree
- Money transfers
- Digital wallet
- Premier Account$undefined/month
- Higher limits
- Special rates
Cash App
Free- FreeFree
- Money transfers
- Direct deposit
- Mobile app
- Cash App Investing$undefined/month
- Stock trading
- Bitcoin trading
Which should you pick?
Choose Skrill if
- You need digital wallet.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want currency conversion.
Choose Cash App if
- You need direct deposit.
- You want to start without paying.
- You work on IOS, Android.
- You also want bitcoin trading.
Questions people ask
- Is Skrill or Cash App better?
- Neither clearly leads. Skrill starts at Free and Cash App at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Skrill or Cash App?
- Skrill starts at Free and Cash App at Free.
- Does Skrill or Cash App run on more platforms?
- Skrill runs on Web, IOS, Android. Cash App runs on IOS, Android.
- Can I use Skrill for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Skrill best used for?
- Skrill is most often used for sending money internationally from a prepaid digital wallet, funding and withdrawing from online merchants and gaming sites, buying and selling cryptocurrency inside a wallet account. Of those, sending money internationally from a prepaid digital wallet and funding and withdrawing from online merchants and gaming sites are not what Cash App is typically brought in for.
- What can Skrill do that Cash App cannot?
- Skrill covers Digital wallet, Currency conversion, Prepaid card, Credit cards. Cash App covers Direct deposit, Bitcoin trading, Stock investing, Cash Card. Both handle Money transfers, Bank accounts, IOS support, Android support.