Skrill Wallet App: Secure Payments, But Watch the Fees

The Quick Version

Skrill's wallet app is a solid option for those who need a secure way to pay online and transfer money globally. But beware: the ease of use comes with transaction fees that could add up quickly.

Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.

Features & Pricing

Skrill is available on iOS and offers a free download. It doesn't have in-app purchases, but it does charge fees for certain transactions. The app supports various payment methods, including card and bank transfers, and offers a prepaid Mastercard for easy access to your balance.

What's Actually Good

One of Skrill's standout features is its security. You can make payments without exposing your bank details, and it offers real-time notifications for every transaction. The speed of transfers is another highlight, especially when sending money to other Skrill users.

The Catch

Skrill's fees can be a sticking point. While the app is free to download, charges apply for certain withdrawals and currency conversions. If you're not careful, these fees can quickly add up, especially if you're frequently transferring money internationally.

Who It's For

Skrill is ideal for users who prioritize security and need to manage international transactions. It's particularly useful for those who frequently pay on gaming and trading websites. However, if you're fee-sensitive or primarily need a basic domestic wallet, you might want to look elsewhere.

The Bottom Line

If security and speed in online payments are your top priorities, Skrill delivers. Just keep an eye on the fees to ensure it aligns with your budget. For a comparison of budgeting apps, check out Ubank vs. Up: Which Budgeting App is Worth Your Time?