Software · head to head
Skrill vs Square Cash
The short version
- Each has a real cost: Skrill a currency conversion fee of 4.49 percent applies to most conversions; Square Cash cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing
- They diverge on capability: Skrill covers Digital wallet, Square Cash covers Instant deposits.
Where they differ
Only the attributes on which Skrill and Square Cash actually diverge.
| Attribute | Skrill | Square Cash |
|---|---|---|
| Pricing model | transaction | free |
| Platforms | Web, IOS, Android | IOS, Android |
| Founded | 2001 | 2014 |
Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Unknown).
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 Square Cash
- Instant deposits
- Transaction history
- Customer support
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 Square Cash
- Funding and withdrawing from online merchants and gaming sitesnot Square Cash
- Buying and selling cryptocurrency inside a wallet accountnot Square Cash
Square Cash
- 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
Square Cash
- Cash App Green status (higher savings rate, free in-network ATM withdrawals, overdraft coverage) requires spending $500 or depositing $300 in Qualifying purchases/deposits per month, per the App Store listing
Pricing, plan by plan
Skrill
Free- Free AccountFree
- Money transfers
- Digital wallet
- Premier Account$undefined/month
- Higher limits
- Special rates
Square Cash
Free- FreeFree
- P2P transfers
- Instant deposits
- Mobile app
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 Square Cash if
- You need instant deposits.
- You want to start without paying.
- You work on IOS, Android.
- You also want transaction history.
Questions people ask
- Is Skrill or Square Cash better?
- Neither clearly leads. Skrill starts at Free and Square Cash at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Skrill or Square Cash?
- Skrill starts at Free and Square Cash at Free.
- Does Skrill or Square Cash run on more platforms?
- Skrill runs on Web, IOS, Android. Square Cash 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 Square Cash is typically brought in for.
- What can Skrill do that Square Cash cannot?
- Skrill covers Digital wallet, Currency conversion, Prepaid card, Credit cards. Square Cash covers Instant deposits, Transaction history, Customer support. Both handle Money transfers, Bank accounts, IOS support, Android support.