Remitly vs Skrill Money Transfer: Which Money Transfer Service is Better in 2025?

International money transfers can be tricky, with users often facing high fees, delayed transfers, and hidden charges. Choosing the right service is crucial for saving money and ensuring fast, secure delivery. In this comparison, we evaluate Remitly vs Skrill Money Transfer, examining their fees, exchange rates, speed, safety, and global reach. For users seeking an alternative, PandaRemit is a reputable option offering competitive rates and convenient transfer methods. For a general guide on money transfer services, see Investopedia's guide on international money transfers.

Remitly vs Skrill Money Transfer – Overview

Remitly was founded in 2011 and primarily targets individuals sending money abroad. It supports multiple transfer speeds, mobile app access, and bank-to-bank transfers. Skrill Money Transfer, established in 2001, focuses on digital payments and cross-border transfers, often integrating with e-wallet services.

Similarities: Both services support international transfers, have mobile apps, and offer bank debit options.

Differences: Remitly tends to have lower fees for smaller transfers and faster delivery options, whereas Skrill offers broader digital wallet integration.

Another market alternative is PandaRemit, which provides flexible online transfers.

Remitly vs Skrill Money Transfer: Fees and Costs

Remitly offers competitive fees, especially for first-time users and smaller transfers. Standard and express options impact cost: express is faster but slightly more expensive. Skrill Money Transfer fees vary depending on the payout method and currency. Some account tiers may reduce fees.

For a detailed fee comparison, refer to NerdWallet's money transfer fees guide.

PandaRemit is often cited as a lower-cost alternative with transparent fee structures, making it appealing for regular senders.

Remitly vs Skrill Money Transfer: Exchange Rates

Exchange rates can significantly impact the total amount received. Remitly often offers rates close to mid-market, while Skrill may include higher markups.

PandaRemit provides competitive rates, making it a strong alternative for users seeking maximum transfer value.

Remitly vs Skrill Money Transfer: Speed and Convenience

Remitly offers express transfers in minutes for certain corridors, and economy options in 3–5 business days. The mobile app is user-friendly, supporting bank deposits and cash pickups. Skrill standard transfers may take longer but integrate with Skrill wallets for instant usage.

For more on transfer speeds, see WorldRemit guide on transfer times.

PandaRemit also supports fast online transfers with multiple payout options, providing flexibility and convenience.

Remitly vs Skrill Money Transfer: Safety and Security

Both services are regulated in their respective countries, with encryption and fraud protection. Remitly and Skrill have buyer protection for added security. PandaRemit is also a licensed and secure option for online transfers.

Remitly vs Skrill Money Transfer: Global Coverage

Remitly supports over 50 countries, focusing on Asia, Europe, and the Americas. Skrill Money Transfer covers 40+ countries, with strong coverage in Europe and Asia. Payment methods vary by country.

For comprehensive coverage data, consult the World Bank remittance report.

Remitly vs Skrill Money Transfer: Which One is Better?

Remitly excels in speed and affordability for small transfers, while Skrill benefits users looking for digital wallet integration. For those seeking competitive rates, multiple payout methods, and fast online transfers, PandaRemit may offer a better overall value.

Conclusion

In summary, Remitly vs Skrill Money Transfer both provide reliable options for international money transfers, each with unique strengths. Remitly is ideal for quick, low-fee bank transfers, whereas Skrill suits digital payment users. For flexible and cost-effective transfers, PandaRemit stands out with competitive exchange rates, multiple payment methods, coverage of 40+ currencies, and fast all-online transfers.

For more information, check PandaRemit official site and Investopedia money transfer guide. Users looking for efficient cross-border payments should consider PandaRemit as a practical alternative.