Neteller vs Skrill – 2020 (July) | some key differences & similarities between two e-wallets | Updated
Neteller and Skrill are the very popular payment method of recent times. If you are a forex trader or recreational gambler, it’s almost certain that you are already familiar with them. As they are the most reliable source of payment method for gambling and forex trading to date. Today we are going to discuss some of there major aspects. In this article, we are trying to give a clear view of how they differ from each other, what they have in common and which ones suits most for your purpose. Without further ado, let’s begin-
Neteller vs Skrill – 2020 | some key differences & similarities between two e-wallets:
History of Neteller
Neteller founded in 1999 and its owned and operated by British global payments company “Paysafe Group”. In the beginning, its establishment was based in Canada. But later they moved to the Isle of Man in 2004. There they listed as “ Authorised Electronic Money Institution”. Just like PayPal, Neteller is not a bank. They are a means of an online money transaction system which provides security and authority for customers online digital asset (dollar, Pound, BTC, etc).
History of Skrill
Skrill was founded on 27 July 2001. In the beginning, it was named as Moneybookers. Later they change their name and rebranded to Skrill. They set up their establishment in the UK and the company was registered as a Money Service Business with Her Majesty’s Revenue and Customs and regulated by FCA. In 2015 Skrill’s parents’ company changed and now it belongs to the Paysafe group. Yes, the same company that owns Neteller.
Now we know how they originate, let’s dig into their services, transaction rate, and other nitpicky stuff like UI and security.
Transaction Rate
In terms of Transaction rate, they don’t much different from one another. Because under the hood they both are backed by the same company “PaySafe”. In terms of the Transfer fee, Neteller and Skrill both follow a VIP hierarchy. Their system is pretty straight forward. It’s like the more you transfer or transact money using your account, the more will you gain. Check the below chart for Various Neteller VIP status and their corresponding facility.
NETELLER VIP TABLE
| VIP Status | Bronze | Silver | Gold | Platinum | Diamond |
| Transfer Volume(Yearly) | $10,000 | $50,000 | $100,000 | $500,000 | $2,000,000 |
| Additional Neteller account with different currencies | No | 1 | 2 | 3 | 3 |
| Withdrawal ATM Fee | 1,75% | 1,75% | 4€ | 4€ | 4€ |
| Neteller Exchange Fee(FX) | 3.79% | 3.19% | 2.79% | 2.39% | 1.29% |
As I said before Skrill and Neteller have common DNA as they backed by the same parent company. Skrill Transaction rate almost similar and it’s a kind of like a copy cat of Neteller VIP structure. Gaining VIP status is the same as Neteller, the more you spend through your Skrill account, more and more facility will unlock for you VIP status. Here is what Skrill offer for there common and VIP clients:
SKRILL VIP TABLE
| VIP Status | Bronze | Silver | Gold | Diamond |
| Transfer Volume(Quarter) | Over €6.000 | Over €15.000 | Over €45.000 | Over €90.000 |
| Additional Skrill Account with different currencies | No | 1 | 2 | 3 |
| Withdrawal ATM Fee | 1,75% | Na | Na | Na |
| Skrill Exchange Fees(FX) | 3.79% | 2.89% | 2.59% | 1.99% |
As you can see they are transaction charge and VIP treatments are almost the same but not quite. Here is some small difference we have found so far:
Even if they look the same there is a huge difference. If you look closely, you will see that Skrill count their transaction amount every quarter. That means after 4 month period your transaction amount will reset. So to get the upgrade you need to reach the transaction target within 4 months. On the other hand, Neteller Count that yearly, though their transaction amount target is also high.
Services
Neteller services:
As one of the popular payment methods, Neteller is offering Payment gateway, Digital wallet, Prepaid card. Neteller business service can be used to take advantage of some of the highest deposit acceptance rates in the business for giving your customers the flexibility to pay in a variety of ways. In this service, you can Maximise your profits by building up the client relationship. For their Affiliation, contact with them to see how Neteller can streamline your process for paying affiliates.
Skrill services:
Both Neteller and Skrill have almost similar products in terms of service. Just like Neteller Skrill also offer Payment gateway, Digital wallet, Prepaid card, PSP. As Neteller and Skrill offer almost identical services there is one unique thing that makes Skrill a completely different entity, and that is their 1-tap service. It’s a unique idea that skrill implements during money transfer to merchant. If you enable 1-tap service then when you deposit money on any online merchant like online casino or forex site, you will never need to recursively give that permission, again and again, instead, skrill app will show you a notification on your phone to authorize the transaction and all you have to do is tap on your phone screen to make the payment happens. It’s a neat idea and makes the payment using skrill like a breeze.
Bitcoin wallet Services:
Recently Neteller and Skrill both start working as a Cryptocurrency wallet. Not only that, but you can also instantly change your Euro or USD currency into Bitcoin and at the same time change your Bitcoin into USD or Euro. In a word, it acts as a cryptocurrency to money exchanger. For this privilege, it will charge you 1.50% to purchase/sell cryptocurrency from your wallet.
Affiliate Programme:
Paysafe is the mother company of Neteller and Skrill. Both e-wallet services are following the affiliate rules of Paysafe. They provide 20% of the revenue share to the affiliates. In elaborate, the $1000 transaction from the Neteller account of your referred customer to any merchant with the 1.5% fee, the Neteller/Skrill affiliate $3 ($1,000 * 1.5% * 20%) commission.
But there is a slight difference in duration on the getting commission – Neteller offers this commission for the lifetime earnings where the Skrill commissions are limited to 1 year after customers registration with lifetime earnings.
To join the affiliation programme of Neteller or Skrill, click the button below:
For the affiliate marketing, it is obligatory to use a website to promote Neteller or Skrill.
Ambassador Programme:
If anyone has no website for marketing, Neteller and skrill also have the facility to get the 20% lifetime revenue share in their Ambassador program. So if you have a network of people who have the demand to use an e-wallet like Neteller or Skrill, just connect them with your unique link. And earn the commission from the transaction to the merchant account of each reference for the lifetime.
To register the ambassador programme of Neteller or Skrill, click the button below:
Super Affiliate Programme:
In this super affiliate programme, affiliates can earn commission from the transaction of the referred affiliate. Both Neteller and Skrill are giving the 10% super affiliate referral commission.
Example:
The $1000 transaction from the Neteller account of your referred affiliate with the 1.5% fee, the Neteller/Skrill affiliate $3 ($1,000 * 1.5% * 20%) commission.
To join the super affiliation program of Neteller or Skrill, click the button below:
Interchangeability
In terms of interchangeability From Neteller to Skrill or vice versa, it’s really very easy. You can easily transfer your balance from and to, to Neteller or Skrill. Neteller and Skrill both charge 3% of sending money as a transfer charge. For example, if you transfer 100$ from your Neteller to a Skrill account your Neteller will charge you 3$ and on your Skrill account, you will get 97$.
| Payment Method | Neteller Fees | Skrill Fees |
| Skrill/Neteller | 3% | 3% |
| PaySafeCard | 7.5% | Na |
| Bank Transfer | Free | Free |
| Rapid Transfer | 0.5% | 0.5% |
| Visa | 1.9%-4.9% | 1.9% |
| American Express/Dinners Club | Na | 2.5% |
| Trustly | 1.95% | 1.95% |
| Klarna | 1.9% | 1.9% |
| eps | 2% | Na |
| Euteller | 2% | Na |
| Neosurf | 2.5% | Na |
| Bitcoin | 1% | 1% |
Upload deposit Options
Neteller and Skrill support wide arrays of deposit options in terms of depositing funds. Check the below table for supported deposit options that currently supported by Neteller and Skrill.
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| Fee: 2.5% | ||||
Neteller and Skrill provide almost identical services as they both have a common mother base. So, which one should you use? It’s actually a matter of personal taste. I, myself is a happy user of Skrill for a long time. I am using their services since Skrill was named as Moneybookers. So I have a soft corner for Skrill and its UI is much more familiar to me, even though Skrill has gone through a recent UI makeover and almost change into a new product. But what I like about skrill most, is their 1-tap service. For this, I don’t need to fill up the user login form every time during transfer money to my favorite sportsbooks. I have a few friends who are more prone to Neteller. And there is no argument about that, their service is also great. My opinion is to use whichever you find easy to use, cause in terms of security and other options they are very reliable and safe.