Paysafe’s Skrill digital wallet continues US expansion
Skrill customers in the United States can now use the solution to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries.
Specialized payments platform Paysafe today announced the US launch of its Skrill Money Transfer service. Skrill customers in the United States can now use the solution to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries.
It is free to create a Skrill account and Money Transfer senders are charged neither fees nor any foreign exchange (FX) mark-up to send money from the U.S. To use Skrill Money Transfer, which was first launched in Europe in October 2018 for transfers to over 40 countries globally, US consumers simply pay with their personal bank account (via instant ACH), or their debit or credit card, to fund transfers from their Skrill account.
Money can be transferred directly to bank accounts overseas, and the recipients are also not charged a fee by Skrill to receive funds (recipients may incur fees from their financial institution to receive or withdraw funds). Skrill Money Transfer is currently rated a perfect ‘10’ for fees and exchange rates by independent consumer money transfer comparison site Monito.
Following the launch of the Skrill USA Visa® Prepaid Card in January 2020, Skrill Money Transfer marks the latest Skrill move to better respond US consumers’ payment needs. Amid the COVID-19 situation, Americans are increasingly embracing alternative online payment methods.
Given strong consumer demand, Skrill aims to continue to expand its U.S. digital wallet going forward, including extending Skrill Money Transfer’s reach. U.S. immigrants and expats will soon be able to send funds via the solution to multiple additional countries in Latin America, Asia, Europe and Africa.
