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Personal Finance · head to head

Skrill vs Wise Business

Skrill logo

Skrill

Personal Finance

Fast and secure money transfer

From
Free
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting

The smart way to send and receive business payments

From
$29/month
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; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Skrill covers Money transfers, Wise Business covers Multi-currency accounts.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Skrill and Wise Business actually diverge.

Attributes where Skrill and Wise Business differ
AttributeSkrillWise Business
Starting priceFree$29/month
Pricing modeltransactionusage-based
Free tierYesNo
PlatformsWeb, IOS, AndroidWeb, Ios, Android, Api
CategoryPersonal FinanceAccounting
Founded20012011

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
  • IOS support

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

Both cover

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

Wise Business

  • Holding and converting multiple currencies as a businessnot Skrill
  • Paying international suppliers and contractors at the mid market ratenot Skrill
  • Receiving payments into local currency account details in several countriesnot 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

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

Skrill

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

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

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 Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is Skrill or Wise Business better?
Neither clearly leads. Skrill starts at Free and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Skrill or Wise Business?
Skrill has a free tier; the other does not. Paid plans start at Free for Skrill and $29/month for Wise Business.
Does Skrill or Wise Business run on more platforms?
Skrill runs on Web, IOS, Android. Wise Business runs on Web, Ios, Android, Api.
Can I use Skrill for free?
Yes. Skrill has a free tier, so you can try it without paying. Wise Business starts at $29/month.
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 Wise Business is typically brought in for.
What can Skrill do that Wise Business cannot?
Skrill covers Money transfers, Digital wallet, Currency conversion, Prepaid card. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle Web 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
Wise Business: How fast are international transfers with Wise Business?

Wise Business offers fast global payments with 70% arriving in 20 seconds and 95% arriving in under 24 hours. You can also pay up to 1,000 contacts in a single batch transfer.

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
Wise Business: Does Wise Business offer volume discounts?

Yes, volume discounts are available on monthly transfers over 20,000 GBP or equivalent.

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
Wise Business: How does Wise Business keep funds secure?

Wise customers move over AED60 billion monthly with systems built to keep funds safe. The company runs over 7 million daily fraud checks (80 per second), keeps funds diversified with secure financial institutions, and offers 24/7 customer support.

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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