ecoPayz vs Skrill: Introduction
Since ecoPayz is becoming more and more popular, we now also offer a detailed comparison about ecoPayz vs Skrill as well as our new comparison ecoPayz vs NETELLER which are the most reliable and detailed comparisons on the net.
Our former comparisons of Skrill, NETELLER and PayPal were spread and copied widely on the net, proving the need of these objective comparisons of eWallets where details, fees and differences often become quite complex and hard to understand for new customers.
Last updated: June, 2016.
ecoPayz vs Skrill: VIP programs
While the VIP Programs of eWallets like Skrill and NETELLER have always been quite similar, it is hard to compare the VIP requirements and conditions at ecoPayz with Skrill.
While customers at Skrill have to transfer regularly quite high amounts to reach higher VIP levels, customers at ecoPayz can start with the gold VIP status right after their account verification if they register with our eWO Bonus Program.
|ecoPayz VIP||Skrill VIP|
|Bronze VIP||n/a||6,000 EUR/quarter|
|Silver VIP||n/a||15,000 EUR/quarter|
|Gold VIP||Right after account registration with eWO.||45,000 EUR/quarter|
|Platinum VIP||After transferring 50,000 EUR in total.||n/a|
|Highest VIP level||“VIP” level: after transferring 250,000 EUR in total
(or manual upgrade after 10,000 EUR Transfers with eWO).
|Diamond VIP: 90,000 EUR/quarter|
ecoPayz vs Skrill: Fee comparison
Specific VIP status in (bricks)
|(silver; gold; platinum; VIP)||(bronze; silver; gold; diamond)|
|Easier VIP upgrade possibilities||
||VIP Fast Track Promotion for new customers to get upgraded to bronze and silver VIP easier.
Same conditions for all customers to maintain the VIP status.
|Available accounts per customer||1 account
(3 different free currency accounts)
(1;2;3;4 different currency accounts)
|Available account currencies||45||41|
|One time Signup Bonus||n/a||15 USD Signup Bonus|
|Account management fees||free||free|
|Account unused||unused for 12 months:
|unused for 12 months:
|Exchange fees (FX)||2,99% (2,99%; 1,49%; 1,49%; 1,25%)
1,49% with eWallet-Optimizer
|3.99% (3.79%; 2.89%; 2.59%; 1.99%)|
|Send money (p2p)||free||1.9%, max 20 EUR (1%, max 10 EUR for bronze; 1%, max 2 EUR for above)|
|– bank transfer||free||free|
|– credit card||1.69%||1.90% (1.25%; free; free; free)|
|– bank transfer||5.90 EUR||3.95 EUR (3.95; free; free; free)|
|– cheque||n/a||3.50 EUR|
|– prepaid card at the ATM||2% (minimum charge 1.50 EUR)||1.75% (1.75%; free; free; free)|
|– to merchant site||free||free|
|Prepaid Card||ecoPayz Prepaid MasterCard – “ecoCard”||
Skrill PrePaid MasterCard
|– fee to order & annual membership||free||10 EUR (free)|
|– costs at points of sale||free||free|
|– balance inquire||free||free|
|– online bank statement||free||free|
|– new PIN||0.50 EUR (PIN reminder)||free|
|– new prepaid card||12.50 EUR||10 EUR (free)|
|– cash withdrawal at ATM limits/24h||750 EUR (750; 1,500; 1,500; 1,500)
1,500 EUR/day for eWO Clients
|250 EUR (750; 1,500; 3,000; 5,000)|
|– points of sale limits/24h||2,000 EUR (2,000; 4,000; 4,000; 4,000)
4,000 EUR for eWO Clients
|1,000 EUR (3,000; 3,000; 5,000; 5,000)|
|– delivery time||5 – 10 business days||5-10 business days|
|– available currencies||EUR, USD, GBP||EUR, USD, GBP, PLN|
|– validation||4 years||3 years|
|– virtual MasterCard||1.80 EUR/card up to 4 cards/day for eWO Clients||n/a|
|Cashback & Promotions||none||none|
|– promotions||(regular prize draws)||up to 100 EUR Bonus by becoming Skrill VIP|
|up to 1.2% with eWallet-Optimizer||up to 0.3% with eWallet-Optimizer|
|Two factor Authentication
+ Skrill Two-step Authentication
|– fee to order||free app||free app|
|– delivery time||right after app installation is completed||right after app installation is completed|
|– battery life span||n/a||n/a|
|– Money-back guarantee in case of fraud||n/a||for all Skrill customers using the 2-step-authentication|
ecoPayz vs Skrill – History
ecoPayz was founded 2000 and is, with almost 16 years, one of the longest established eWallets in the world.
However, with 15 years (founded 2001) Skrill is also available for one and half decade and one of the biggest names on the eWallet market.
Although ecoPayz is part of the eWallet market for long time already, compared to Skrill or NETELLER they are not very well known to most people yet. The two main reasons are a lack of availability and merchant distribution in some markets and that they just recently started to offer their affiliate program.
It is expected to see ecoPayz growing very largely over next months and years as they are filling a gap after Skrill and NETELLER combined forces to a semi-monopoly and increasing fees for their customers recently.
ecoPayz vs Skrill – Benefits
We have summarized the major benefits for ecoPayz and Skrill, to see which one is the best for you and your needs.
- Higher ATM withdrawal limits for VIP clients:
VIP customers can withdrawal up to 5,000 EUR with their Skrill PrePaid Mastercard by using any ATM which accepts MasterCards. Silver VIP members (and higher) also don’t have to pay a fee for their withdrawals, while non-VIPs and Bronze VIPs only need to pay a small 1.75% fee on their withdrawal amounts.
(It is expected to see ecoPayz incerasing their ecoCard limits soon as well.)
- Account Security:
While recently the physical Skrill security token was removed, you still can activate the Two Factor Authentication (2FA) by using the Google Authenticator App or Authy, to increase your account security.
Skrill guarantees the safety of your online funds by offering a “100% Money-back guarantee” if you are using the Two-factor Authentication.
- Free Multilple Currency Account with very low FX fees:
Different to Skrill, ecoPayz customers enjoy the opportunity to use up to 3 currency accounts right after their verification while FX fees are also very low (at 1.49%) compared to Skrill’s conditions (2.99-4.99%).
- Account Security:
ecoPayz clients can activate the Two Factor Authentication (2FA) by using the Google Authenticator App, to increase their account security.
- Up to 3 free ecoPayz MasterCards:
Our clients are allowed to get 3 free ecoPayz Prepaid Mastercards (EUR, USD, GPB) with a 1,500 EUR/daily ATM limit.
- Fast and reliable support:
While Skrill’s support often needs a week or even longer to respond to their customer’s emails, ecoPayz normally answers within 1 business day latest and takes care of verifications 24/7.
- Highest eWallet Cashback on the net:
With ecoPayz customers can benefit of the highest cashback program on the web (0.6% to 1.2%) while the cashback at Skrill is at 0.3% only.
Get additional Bonuses & Support for free
No matter if you decide to go with Skrill or ecoPayz, make sure to register with eWallet-Optimizer to enjoy additional bonuses and better support.
If you have any questions about the ecoPayz or Skrill eWO Bonus Program and their benefits, please do not hesitate to contact us.
We are here to help you.