Skrill Review & Alternative: How Panda Remit Can Save You Money on International Transfers

In today’s digital world, e-wallets are more than just online payment tools—they also make sending and receiving money internationally easier. Skrill is a widely recognized e-wallet platform, popular for its convenience and versatility. In this article, we’ll review Skrill’s features, fees, registration process, and introduce a cost-effective alternative for international money transfers: Panda Remit.

What is Skrill?

Skrill, formerly known as Moneybookers, was founded in 2001 and is headquartered in London, UK. It is part of the Paysafe Group and supports transactions in over 40 currencies worldwide. Skrill is commonly used for online shopping, cross-border money transfers, and cryptocurrency trading.

Note: Skrill is not a bank, so funds in Skrill accounts are not covered by bank deposit insurance.

Key Features of Skrill

• Online payments and receiving funds

• International money transfers to bank accounts

• Cryptocurrency trading

One convenient feature: you only need a recipient’s email to send money. Funds can be spent at any Skrill-accepting merchant or withdrawn to a bank account. Transfers usually take a few minutes to two business days, depending on locations. Skrill-to-Skrill transfers are almost instant.

Skrill Fees for US Users

Skrill Customer Support

Skrill provides multiple support channels:

• 24/7 live chat bot

• Message support (response within 24–48 hours)

• International hotline: +44 203 308 2520 (UK working hours Mon–Fri, 9:00–15:00)

Registered users can log in to get faster support with shorter verification times.

User Reviews of Skrill

Trustpilot has collected over 20,000 reviews of Skrill. Ratings are mixed, with an average of 2.4/5.

• Positive: “Skrill ensures fast and smooth withdrawals; transactions are almost immediate and convenient for those prioritizing speed.”

• Negative: “Address verification can be strict. Even submitting valid documents sometimes fails, and support may respond slowly.”

How to Sign Up for Skrill

1. Visit the Skrill website or download the mobile app

2. Click Register

3. Select your country and preferred currency

4. Set up email and password

5. Verify email via OTP or link

6. Enter personal information (name, DOB, address)

7. Verify phone number via SMS

8. Provide a source of funds or primary usage if required

9. Set a 6-digit PIN for login and transactions

How to Send International Transfers with Skrill

1. Log in and go to the Payments page

2. Choose to transfer to a bank

3. Select the recipient country and currency

4. Enter the transfer amount

5. Choose a funding method

6. Fill in sender and recipient details

7. Verify and submit

Note: Transfers may take a few minutes to two business days depending on location.

Security Measures

Skrill USA, Inc. applies industry-standard security measures:

• 128-bit SSL encryption and VeriSign certification

• Strict verification and anti-fraud procedures

• Transfer verification for large amounts

• Account protection against unauthorized access and identity theft

Panda Remit: A Smarter, Low-Cost Alternative

While Skrill offers convenience, fees can be high, and withdrawals are limited in certain countries. For US users who send money internationally frequently, Panda Remit offers a transparent, low-cost alternative.

Why Choose Panda Remit?

• Background: Founded in 2018, headquartered in Singapore, serving 40+ countries across Asia, Europe, Oceania, and North America

• Services: Global Remittance, Remittance to China, China Outward Remittance

• Advantages:

  • Zero spread on mid-market exchange rates

  • Low, transparent fees

  • Fast delivery: Some transfers in 2 minutes, most within 1–3 business days

  • Real-time tracking in app

• Regulation & Security: Licensed in multiple countries; strict security and encryption standards

• Investor Support: Backed by Sequoia Capital and Lightspeed Capital; selected for MasterCard’s Start Path program in 2020

Panda Remit also offers an online calculator to instantly see fees, exchange rates, and estimated arrival times, making it simple to plan international transfers.

SEO-Friendly Keywords for US Users

• International money transfer USA

• Skrill alternative USA

• Low-fee cross-border transfers

• Fast international remittance

• Panda Remit review

Summary

• Skrill: Good for online payments, cryptocurrency trading, and moderate international transfers, but fees and withdrawals can be costly.

• Panda Remit: Optimized for fast, low-cost, fully trackable international transfers with mid-market rates and transparent fees.

For Americans sending money abroad regularly, Panda Remit is a practical, cost-effective solution.