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Personal Finance · head to head

Skrill vs Volt

Skrill logo

Skrill

Personal Finance

Fast and secure money transfer

From
Free
Rated
-
Full reviewWebsite
Volt logo

Volt

APIs

Account-to-account pay by bank across Europe, the UK, Brazil and Australia

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Skrill has a free tier, so it costs nothing to try first.
  • Each has a real cost: Skrill a currency conversion fee of 4.49 percent applies to most conversions; Volt account-to-account payments carry no chargeback mechanism, so consumers lose scheme dispute protection and merchants lose a familiar framework for handling claims.
  • They diverge on capability: Skrill covers Money transfers, Volt covers Pay by bank.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Skrill and Volt actually diverge.

Attributes where Skrill and Volt differ
AttributeSkrillVolt
Starting priceFreeOn request
Pricing modeltransactionquote
Free tierYesNo
PlatformsWeb, IOS, AndroidWeb, REST API
CategoryPersonal FinanceAPIs
Founded2001Unknown

Identical on both: user rating (Not yet rated).

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

  • Money transfers
  • Digital wallet
  • Currency conversion
  • Prepaid card
  • Bank accounts
  • Credit cards
  • Web support
  • IOS support

Only in Volt

  • Pay by bank
  • Circuit Breaker
  • Virtual IBANs
  • Payouts and refunds
  • Verify
  • Stablecoin checkout

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 Volt
  • Funding and withdrawing from online merchants and gaming sitesnot Volt
  • Buying and selling cryptocurrency inside a wallet accountnot Volt

Volt

  • A travel seller with high average order values paying percentage card fees it wants to replace with flat transfer feesnot Skrill
  • An iGaming operator needing fast deposits and payouts where card acceptance is restrictednot Skrill
  • A merchant with heavy card fraud that wants strongly authenticated irreversible paymentsnot Skrill
  • A marketplace verifying seller bank accounts before paying outnot 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

Volt

  • Account-to-account payments carry no chargeback mechanism, so consumers lose scheme dispute protection and merchants lose a familiar framework for handling claims.
  • Refunds are outbound payments rather than reversals, which changes treasury handling and means a refund can fail for reasons a card refund never would.
  • Conversion is lower than a stored card because the shopper must complete a bank authentication journey, and drop-off varies significantly by bank.
  • Core pay by bank pricing is per transaction but refunds, payouts, virtual IBANs, Verify and fraud tooling are billed separately, so the real cost is a stack of line items.
  • Bank API availability and quality vary across markets, and an outage at a major bank removes a slice of your checkout with no fallback unless you keep cards live.

Pricing, plan by plan

Skrill

Free
  • Free AccountFree
    • Money transfers
    • Digital wallet
  • Premier Account$undefined/month
    • Higher limits
    • Special rates

Volt

On request
  • Volt pay by bank$undefined/year
    • Per successful transaction fee, quoted by volume and market
    • Separate charges for refunds, payouts, virtual IBANs and Verify
    • Circuit Breaker fraud tooling priced as an add-on

Which should you pick?

Choose Skrill if

  • You need money transfers.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want digital wallet.
Skrill review

Choose Volt if

  • You need pay by bank.
  • You work on Web, REST API.
  • You also want circuit breaker.
Volt review

Questions people ask

Is Skrill or Volt better?
Neither clearly leads. Skrill starts at Free and Volt at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Skrill or Volt?
Skrill has a free tier; the other does not. Paid plans start at Free for Skrill and On request for Volt.
Does Skrill or Volt run on more platforms?
Skrill runs on Web, IOS, Android. Volt runs on Web, REST API.
Can I use Skrill for free?
Yes. Skrill has a free tier, so you can try it without paying. Volt starts at On request.
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 Volt is typically brought in for.
What can Skrill do that Volt cannot?
Skrill covers Money transfers, Digital wallet, Currency conversion, Prepaid card. Volt covers Pay by bank, Circuit Breaker, Virtual IBANs, Payouts and refunds.

Answered from the vendors’ own pages

Skrill: Is Skrill free to use?

Skrill operates on a freemium model. The digital wallet is free to open and use for basic features. The site refers to a fees page where transfer, conversion, and service fees are disclosed.

Source
Volt: Are there chargebacks?

No. Bank transfers are irrevocable, so disputes are handled commercially between merchant and customer, not through a card scheme.

Skrill: What are Skrill's fees for transfers and conversions?

Skrill lists transfer, conversion, and service fees but does not display the specific amounts on the homepage. Detailed fee structures are available on Skrill's dedicated fees page at /en/siteinformation/fees/.

Source
Volt: How do refunds work?

As a separate outbound payment initiated by the merchant, which Volt charges for separately from the inbound transaction.

Skrill: What services does Skrill offer?

Skrill provides international money transfers, online payment processing, cryptocurrency buying and selling, loyalty rewards through the Knect points program, and a mobile app. These services are included in the free account.

Source
Volt: Which markets are covered?

Europe and the UK, plus Brazil and Australia, on a single API integration.

Skrill: Is Skrill regulated?

Yes. Skrill Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for issuing electronic money and payment instruments. It is also registered with the FCA as a cryptoasset firm.

Source
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