Skrill vs. Paypal in India: Fees and services compared

Skrill vs. Paypal in India compared

The issue of paypal vs skrill has become one of the most hotly contested topics in India. Given that both have very loyal supporters, then the dilemma of choosing between the two becomes even harder. Everyone you ask will give very convincing reasons on why to choose one over the other. This article is going to give a detailed comparison between the two and by the time you finish, you will be able to make an informed decision.

General comparison: Skrill vs Paypal

It is important that we begin by comparing the two in terms of scores and customer feedback. The overall score of Skrill is 9.0 while Paypal has a score of 9.3. In terms of customer satisfaction, Paypal has a 99% compared to Skrill’s 98%. It is clear that Paypal outdoes Skrill in terms of general users’ feedback but you should not be quick to jump to any conclusions yet.

skrill mobile

Paypal is compatible with Android, Windows, Linux, iPhone/iPad, Mac and Web-based devices. Skrill, on the other hand, is not only compatible with all the above, but it is also supported on Windows mobile. Again, Skrill accepts 40 currencies while Paypal accepts only 20. Finally, Skrill is available in only 7 languages which are majorly European while Paypal is available in almost all the languages.

Fees charged and withdrawals

This is the most sought-after information in the paypal vs skrill discussion. To begin with, both do not charge anything when you are depositing funds into your account. It is the withdrawals that attract charges. With paypal, you should be ready to surrender 3.4% of the amount you are withdrawing in addition to 20p. Skrill withdrawal fees are relatively higher. They charge 4.9% for withdrawals. Skrill also charges a fee of 5% in order to transfer funds between accounts while paypal does not charge anything.

withdraw paypal vs skrill

Another important aspect that should not be left out in this comparison is the issue of processing time. How long does it take for your money to hit your account once you withdraw? With Skrill, funds withdrawn can take up to 24 hours before they get to one’s account. Paypal, on the other hand, takes a very little amount of time. In fact, funds withdrawn can get to your account in less than 2 hours. This, however, depends on a number of factors including the broadband network that you use and whether you have had transactions with the same source in the past.

Which one should you use?

This is a very difficult question to answer in the paypal vs skrill debate. Both means of payment have their list of advantages and disadvantages as well and your choice should be guided by one’s ability to suit your needs. For instance, if you want a payment system to use in gambling, then Skrill is the best means for you as it is allowed by most casinos. Again, Skrill offers some promotions and bonuses to register for gambling. Find out the means which is most compatible with your needs and use it. You can also use both.