Personal Features

Payoneer

0

Payoneer does not provide services for personal customers.


Skrill

17

Send and receive money directly through your Skrill account.

Pay a merchant directly from your Skrill wallet.

Option to use Skrill’s website or app on Apple or Android.


It’s a draw!

Both equally compare in the Personal Features category.

Skrill
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Winner

Business Benefits

Payoneer

89

Payoneer specializes in providing international money transfer services for businesses, online sellers and freelancers.

What Payoneer for business offers

  • Solutions for online sellers
  • Unique local multi-currency bank accounts
  • Mass payments
  • Prepaid Mastercard
  • Payment requests
  • Payoneer to Payoneer transfers
  • Accounting integration

What Payoneer for business doesn’t do

  • Currency hedging tools
  • Dedicated account managers for small transfers

Skrill

22

Offers fast, instant and secure optimised payment solutions, suitable for all businesses. 

100+ local payment methods including cards, digital wallets, instant bank transfers and other alternative payment methods. 

Manage over 40 currencies from just one account, to handle easier cross border payments.

Charge-back protection and fraud management.

Accounting integration.

Multilingual customer care.


Payoneer wins!

Payoneer scores better in the Business Benefits category.

Payoneer
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Winner

Fees & Exchange Rates

Payoneer

42

Payoneer Fees

There are different fees for Payoneer services. Read the detailed review of Payoneer to see all the fees that can apply. Below is a short summary of the Payoneer fees.

Exchange rate margin fee - An exchange rate margin of up to 3% can apply in different circumstances such as withdrawing money and transferring balances between different currencies. You may negotiate better rates when carrying out large value transfers.

Are there additional Payoneer fees?

Yes. You might need to pay fees when receiving and making payments. The Payoneer Prepaid Mastercard comes with an annual fee. 


Skrill

13

Exchange rates

Skrill applies existing mid-market rates on all transfers without adding any markup.
 

Additional Fees

You pay no fees when transferring money to overseas bank accounts.

Use your Skrill wallet online and in-store to attract no fees.

You can receive money into your Skrill account without paying any fees.

The company charges a U.S. $3 fee each month if there is no activity in your account for 12 months.

Sending money to another Skrill wallet or an email address requires that you pay 1.45% of the transfer amount as fees.

Uploading funds into your Skrill account attracts fees, which vary depending on the payment method.

Withdrawing funds from your Skrill account into your local bank account attracts fees.


Payoneer wins!

Payoneer scores better in the Fees and Exchange Rates category.

Payoneer
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Winner

Ease of Use

Payoneer

64

What Payoneer does well

Sign up process - Fairly straightforward although completing the US tax form can be time consuming.

Payment options -  Bank account transfers, debit card, credit cards and Payoneer balances.

Mobile app - Available for iOS and Android. 
 

Where Payoneer could improve

Transfer speed - Up to 3 business days upon payment.

Phone transfers - Transfers can not be completed over the phone.

USA tax compliance form assistance - Completing the form as a non-US resident can be confusing. It would be of great help to provide more assistance for non-nationals to complete these forms.


Skrill

57

You can use the Skrill website in various languages.

Depending on where you live, you can make payments via bank account transfers, debit cards, credit cards, ACH, or Paysafe cards.

You can use the services of Skrill to buy cryptocurrencies such as bitcoin, bitcoin cash, litecoin, and ether.

You can use money in your Skrill wallet to make online and in-store purchases.

The prepaid Skrill Mastercard lets you access funds in your account easily.


Payoneer wins!

Payoneer scores better in the Ease of Use category.

Payoneer
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Winner

Support & Countries

Payoneer

88

What Payoneer does well

Supported destination countries and currencies - Payoneer supports transfers to more than 200 countries and territories, in over 150 currencies.

Customer support - Customer support is available via chat, email and over the phone.

Languages - Access to the Payoneer website comes in multiple languages.
 

Where Payoneer could improve

Send from countries - As of now, customers can use the Global Payment Service to send money from the United States, European Union, the United Kingdom, Japan, Australia, Canada and Mexico.

Customer Service - There is a growing number of negative customer reviews for Payoneer. These need to be addressed and communicated through review channels such as Trustpilot.


Skrill

56

Supported Countries 

Skrill provides services in all countries other than Afghanistan, Cuba, Eritrea, Iran, Iraq, Kyrgyzstan, Libya, North Korea, North Sudan, South Sudan and Syria.

Gambling-related transactions are restricted in the U.S., Turkey, Israel, Malaysia and China.
 

Customer Service

Skrill gets a terrible score on Trustpilot of 1.2 out of 10.


Payoneer wins!

Payoneer scores better in the Support and Countries category.

Payoneer
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Winner

Trust & Transparency

Payoneer

63

What Payoneer does well

  • Payoneer is fully regulated in different countries.
  • Two-factor authentication adds another layer of security to your Payoneer account.
  • High volume of repeat transfers implies high levels of trust.

Where Payoneer could improve

Exchange rate margin fee transparency - Payoneer’s exchange rates include margins of up to 3% in some cases.


Skrill

38

UK-based Skrill is registered with the Financial Conduct Authority (FCA).

Paysafe Financial Services Ltd. is responsible for issuing the prepaid Skrill Mastercard.


Payoneer wins!

Payoneer scores better in the Trust and Transparency category.

Payoneer
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Winner

The Result

Winner ribbon iconWinner

 Payoneer

Payoneer wins by a land slide. The only area that Skrill wins in is the Personal Features category as Payoneer does not service this sector.  The results speak for themselves with Payoneer taking out the other five categories with considerable ease.