Software · head to head
Skrill vs Venmo
The short version
- Each has a real cost: Skrill a currency conversion fee of 4.49 percent applies to most conversions; Venmo instant transfer costs 1.75 percent with a minimum fee of 0.25 USD and a maximum of 25 USD, while the free standard transfer takes 1 to 3 business days
- They diverge on capability: Skrill covers Digital wallet, Venmo covers Bill splitting.
Where they differ
Only the attributes on which Skrill and Venmo actually diverge.
Identical on both: starting price (Free), free tier (Yes), platforms (Web, IOS, Android), 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
Only in Venmo
- Bill splitting
- Social feed
- Transaction history
- Debit cards
Both cover
- Money transfers
- Bank accounts
- Web support
- 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 Venmo
- Funding and withdrawing from online merchants and gaming sitesnot Venmo
- Buying and selling cryptocurrency inside a wallet accountnot Venmo
Venmo
- Splitting bills and reimbursing friends in the United Statesnot Skrill
- Accepting payments through a Venmo business profilenot Skrill
- Buying and holding cryptocurrency inside the payments appnot 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
Venmo
- Instant transfer costs 1.75 percent with a minimum fee of 0.25 USD and a maximum of 25 USD, while the free standard transfer takes 1 to 3 business days
- Sending money funded by a credit card carries a 3.00 percent fee
- Cryptocurrency fees are tiered by trade size, from 2.20 percent on purchases of 1.00 to 74.99 USD down to 1.50 percent above 1,000 USD
- Business profile payments cost 1.9 percent plus 0.10 USD, and Tap to Pay costs 2.29 percent plus 0.09 USD
Pricing, plan by plan
Skrill
Free- Free AccountFree
- Money transfers
- Digital wallet
- Premier Account$undefined/month
- Higher limits
- Special rates
Venmo
Free- FreeFree
- P2P transfers
- Bill splitting
- 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 Venmo if
- You need bill splitting.
- You want to start without paying.
- You work on Web, IOS, Android.
- You also want social feed.
Questions people ask
- Is Skrill or Venmo better?
- Neither clearly leads. Skrill starts at Free and Venmo at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Skrill or Venmo?
- Skrill starts at Free and Venmo at Free.
- Does Skrill or Venmo run on more platforms?
- Both run on Web, IOS, Android, so platform support will not decide this one for you.
- 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 Venmo is typically brought in for.
- What can Skrill do that Venmo cannot?
- Skrill covers Digital wallet, Currency conversion, Prepaid card, Credit cards. Venmo covers Bill splitting, Social feed, Transaction history, Debit cards. Both handle Money transfers, Bank accounts, Web support, IOS support.