PayPal vs Skrill

PayPal vs Skrill: Introduction

PayPal vs Skrill MoneybookersThe PayPal vs Skrill comparison is different to the Neteller vs Skrill comparison. Skrill (former Moneybookers) and PayPal aim for different customers in some parts of their e-wallet businesses and therefor offer different conditions. Most important: PayPal does not provide most Poker, sports betting and online gambling rooms as merchants.
All data of the following PayPal vs Skrill comparison are updated whenever it is required.
Last updated: August, 2013.

PayPal vs Skrill: VIP programs

PayPal does not offer a VIP program like Skrill (Moneybookers) and Neteller do. The information in bricks in the following fee comparison show the benefits of Skrill (Moneybookers) VIP members.
The required amount of sent transfers to merchants within 6 months to become Skrill (Moneybookers) VIP are: bronze: 12,000 EUR; silver: 30,000 EUR; gold: 90,000 EUR; diamond: 180,000 EUR.

PayPal vs Skrill: Fee comparison

The fees at PayPal are very complicated and different for many cases. The following comparison provides information for personal usage with lower fees than the PayPal business accounts. Please check the anchored links to PayPal’s User Agreement in the following PayPal vs Skrill comparison for more information.

PayPal Skrill (VIP)
specific VIP conditions in (bricks) n/a (bronze; silver; gold; diamond)
Available accounts per customer 2 accounts
(1 personal + 1 business account)
1 account
(1;2;3;4 different currency accounts)
Available account currencies 25 40
Account management fees free free
Account unused free unused for 12 months:
1 EUR/month
Exchange fees (FX) 2.5% 2.49% (2.49%; 1.75%; 1.75%; 1.75%)
p2p Money transfers Sender generally determines whether the sender or recipient pays the fee.
- send money (p2p) free 1%, max 0.50€
- receive money Free for p2p in same country and currency by using bank or PayPal balance only.
By transferring money internationally, with different currencies or by using a credit card the fee is between
2.9% + $0.30 (from US to US account) and
7.4% + $0.50 (from US to Brazil account)
–> PayPal User Agreement #Receive Money


Deposit fees
- bank transfer free free
- instant bank deposit free free
- credit card between 2.90% + $0.30 and 7.40% + $0.50 free
Withdraw fees
- bank transfer free 1.80€ (free*)
- cheque $1.50 3.50€
- prepaid card at the ATM $1.95 1.80€ (free)
- to merchant site free (only available at few online gambling providers) free
PrePaid Card PayPal PrePaid MasterCard
Skrill PrePaid MasterCard
- requirements to order customer for 60+ days with premier or business account customer with verified account
- fee to order free 10€ (free)
- membership $4.95/month 10€/year (free)
- costs for cash withdrawals at the ATM $1.00 + 2.5% FX fees
1% + 2.5% FX fees outside the US
1.80€ (free) + FX fee: 2.49% (2.49%; 1.75%; 1.75%; 1.75%)
- ATM transaction decline fee $1.00 free
- costs at points of sale free free
- stop payment fee for preauthorized $10 free
- online bank statement free free
- new PIN free free
- new prepaid card $5.95 10€ (free)
- cash withdrawal at ATM limits/24h $940 250€ (250; 500; 2,500; 2,500)
- points of sale limits/24h $5,000 1,000€ (3,000; 3,000; 5,000; 5,000)
- delivery time 2-4 weeks 5-10 business days
- available currencies EUR, USD EUR, USD, GBP, PLN
- validation 3 years 3 years
- more information PayPal PrePaid MasterCard: Cardholder Agreement Nov 2011
Skrill PrePaid MasterCard: Terms of Service
Cashback for merchants transfers
n/a none (0.2% with Skrill Loyalty Club)
- promotions n/a 0.8% cashback; 3-4 times/year for 4-6 weeks

- additional bonus-programs


bonus paid by
for new and existing customers
Claim extra Bonus!
Security Token PayPal Security Key Skrill Security Token
- fee to order $29.95 15€ (free)
- delivery time 3-5 business days
- battery life span 5-7 years
- Money-back guarantee in case of fraud yes for all Skrill customers using the Security Token

It is not possible to transfer funds between Skrill (Moneybookers) and PayPal directly.
Both e-wallet providers do not offer any transfers with Bitcoins at the moment. However, recently PayPal announced to maybe implement Bitcoins as well as other virtual currencies such as airlines miles.

PayPal vs Skrill: Development

Skrill (Moneybookers) was able to double their memberships to more than 35 million as well as their overall transfers to 55 billion EUR within last 2 years. Compared to PayPal with “128 million active registered accounts” and 110 billion EUR value of transactions in 2012, Skrill (Moneybookers) is still the much smaller competitor. But with a growing rate of around 20% PayPal grew slower than Skrill (Moneybookers) did with more than 50% last years.
Skrill (Moneybookers)was able to team up with biggest global players, such as Facebook, Skype and Ebay. Ebay acquired PayPal in 2002 and is benefitting from their own e-wallet provider. PayPal revenues represented 40% of eBay Inc. revenues in 2012, showing the strength of that acquisition a decade ago.

PayPal will probably keep growing with a rate of 20% within the next years. Regarding much smaller fees for personal accounts, but especially for merchants, it will be interesting to see how Skrill (Moneybookers) will compete with PayPal having Ebay as the strongest supporting website. Aiming for the US market, especially the huge online gambling market could be a way for Skrill (Moneybookers) to outperform PayPal within the next 5-7 years.

PayPal vs Skrill: Conclusion

PayPal Skrill comparisonPro PayPal:

  • Biggest e-wallet provider:
    With the acquisition of Ebay PayPal became the best known and biggest e-wallet provider on the net. Because of this, most merchants accept the higher fees and offer PayPal as their payment service to be able to reach as many customers as possible.
  • Safety:
    With having an official bank status as Luxembourg-based bank, PayPal is a safe e-wallet provider.

Pro Moneybookers (Skrill):

  • Usage for Online Gambling:
    PayPal is not offered by most online gambling providers while Skrill (Moneybookers) is the #1 in that segment.
  • Fees:
    Even though the fees in this PayPal vs Skrill comparison are provided for personal accounts and are much lower than those for business accounts at PayPal, it is easy to see the huge advantage of Skrill (Moneybookers) over PayPal when it comes to their fees. Especially the fees for receiving money and using the PrePaid Card cannot compete with those of Skrill (Moneybookers).
  • VIP Program:
    PayPal does not offer any VIP program, while Skrill (Moneybookers) is almost 100% free for any use with easy to reach VIP status.
  • Cashback:
    With the Skrill Loyalty Club and their cashback promotions, Skrill (Moneybookers) offers a good reward system with their own easy to use loyalty shop. PayPal does not offer any kind of cashback for sent transfers to merchants at all.

Most people have a PayPal account for smaller transfers or when they buy things at Ebay. But when it comes to bigger transactions, especially for online gamblers and Forex traders, Skrill (Moneybookers) is the way better option. The fees are not even comparable for these two e-wallet providers.
We only provide Skrill (Moneybookers) with our value added VIP-Cashback program, because we want our clients to benefit from the best conditions available. If you want to learn more about it, please have a look at our benefits and start earning significant cashback by using Skrill (Moneybookers) – the best e-wallet provider in the net!


paypal vs skrill - join moneybookers
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