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Personal Finance · head to head

Skrill vs Wallet

Skrill logo

Skrill

Personal Finance

Fast and secure money transfer

From
Free
Rated
-
Full reviewWebsite
W

Wallet

Personal Finance

Smart expense tracking and budgeting

From
Free
Rated
-
Full reviewWebsite

The short version

  • They diverge on capability: Skrill covers Money transfers, Wallet covers Expense tracking.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Skrill and Wallet actually diverge.

Attributes where Skrill and Wallet differ
AttributeSkrillWallet
Pricing modeltransactionfreemium
Founded20012010

Identical on both: starting price (Free), free tier (Yes), platforms (Web, IOS, Android), 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

  • Money transfers
  • Digital wallet
  • Currency conversion
  • Prepaid card
  • Credit cards

Only in Wallet

  • Expense tracking
  • Budget management
  • Receipt scanning
  • Financial analytics

Both cover

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

Wallet

  • 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

Wallet

Nothing recorded yet. See the Wallet review.

Pricing, plan by plan

Skrill

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

Wallet

Free
  • FreeFree
    • Expense tracking
    • Basic budgets
  • Premium$4.99/month
    • Advanced analytics
    • Custom categories
    • Receipt scanning

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 Wallet if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want budget management.
Wallet review

Questions people ask

Is Skrill or Wallet better?
Neither clearly leads. Skrill starts at Free and Wallet at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Skrill or Wallet?
Skrill starts at Free and Wallet at Free.
Does Skrill or Wallet 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 Wallet is typically brought in for.
What can Skrill do that Wallet cannot?
Skrill covers Money transfers, Digital wallet, Currency conversion, Prepaid card. Wallet covers Expense tracking, Budget management, Receipt scanning, Financial analytics. Both handle Bank accounts, Web support, IOS support, Android support.

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
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
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
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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