5 PayPal Alternatives For International Payments

3. Skrill

Insider Monkey Score: 4

Skrill is a trusted online money transfer service with global reach, supporting payments in 38 currencies. It offers flexible transfer limits, ranging from a maximum daily amount of $10,000 to a minimum of $60. Users benefit from free online payments to selected retailers, while deposit fees are set at 1% and withdrawal fees at $6.5 for banks and 7.5% for credit cards.

Domestic transactions may incur up to 2% costs, and additional charges include a 1.45% money transfer fee and a 3.99% currency conversion fee. Regular usage is encouraged to avoid a monthly fee of approximately $6. Skrill also applies fees for chargebacks, attempted cash uploads, provision of incorrect information, lack of cooperation, prohibited transactions, and reversal of false transactions.