NETELLER vs Skrill: Introduction
This is the most detailed and reliable NETELLER vs Skrill comparison for personal accounts available on the net.
The “NETELLER vs Skrill conclusion” covers the most important fees, VIP benefits and company comparison for Skrill and NETELLER. All figures and data are updated whenever changes are required. NETELLER and Skrill help us to compare the data to make it as detailed and correct as possible.
Nevertheless, please note no responsibility can be taken for the correctness of the details provided.
Please note that this is the general NETELLER vs Skrill comparison. Customers registering with us benefit of special bonuses and different conditions.
Last updated: Februar, 2017.
NETELLER vs Skrill: VIP programs
Skrill (Moneybookers) as well as NETELLER offer special premium memberships with different VIP levels.
While at NETELLER the requirements are on a yearly basis, customers at Skrill need to reach the required amount of transfers within a quarter of a year to reach and maintain the status for the next quarter.
Here is an overview of the required volumes of transactions made to merchants – for the ease of comparisons calculated from yearly and quarterly requirements down to per month:
|NETELLER VIP (original/year amount)||Skrill VIP|
|requirements to reach & maintain the VIP levels||Yearly basis||Every quarter|
|Bronze VIP||800 EUR/month (10,000 USD/year)||6,000 EUR|
|Silver VIP||3,800 EUR/month (50,000 USD/year)||15,000 EUR|
|Gold VIP||8,400 EUR/month (100,000 USD/year)||45,000 EUR|
|Platinum VIP||38,000 EUR/month (500,000 USD/year)||n/a|
|Diamond VIP||155,000 EUR/month (2,000,000 USD/year)||90,000 EUR|
NETELLER vs Skrill: Fee comparison
|specific VIP status in (bricks)||(bronze; silver; gold; platinum; diamond)
instant silver VIP with eWallet-Optimizer
|(bronze; silver; gold; diamond)|
|Available accounts per customer||1 account
(1;2;2;2;2 different currency accounts)
(1;2;3;4 different currency accounts)
|Available account currencies||22||41|
|One time Signup Bonus||n/a||15 USD Signup Bonus|
|Account management fees||free||free|
|Account unused||unused for 14 months:
|unused for 12 months:
|Exchange fees (FX)||3,99% (3.79%; 3,19%; 2,79%; 2,39%; 1.29%)||3.99% (3.79%; 2.89%; 2.59%; 1.99%)|
|Send money (p2p)||1.9% up to 20 USD (1% up to 10 USD for bronze and silver; 1% max 2 USD as gold, platinum & diamond VIP)||1.9%, max 20 EUR (1%, max 10 EUR for bronze; 1%, max 2 EUR for above)|
|– bank transfer||free||free|
|– instant bank deposit||1.50%||free|
|– credit card||1.75 – 4.95%||1.90% (1.25%; free; free; free)|
|– bank transfer||7.50 EUR (7.50, 7.50, free, free, free)||5.50 EUR (5.50; free; free; free)|
|– cheque||7.50 EUR||3.50 EUR|
|– prepaid card at the ATM||1.75% (1.75%; 1.75%; free; free; free)||1.75% (1.75%; free; free; free)|
|– to merchant site||free||free|
Net+ Prepaid MasterCard
Skrill PrePaid MasterCard
|– fee to order & annual membership||10 EUR (10; free; free; free; free)||10 EUR (free)|
|– costs at points of sale||free||free|
|– balance inquire||free||free|
|– online bank statement||free||free|
|– new PIN||15 EUR||free|
|– new prepaid card||10 EUR||10 EUR (free)|
|– cash withdrawal at ATM limits/24h||750 EUR (750; 750; 2,500; 2,500; 2,500)||250 EUR (750;1,500; 3,000; 5,000)|
|– points of sale limits/24h||2,250 EUR||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, CAD, SEK, DKK, AUD, JPY||EUR, USD, GBP, PLN|
|– validation||3 years||3 years|
|– virtual MasterCard||free NETELLER Net+ Virtual Prepaid Mastercard||n/a|
|Cashback & Promotions||none (0; 0; 0; 0.25%; 0.5%)||none|
|– promotions||none (regular low-prize draws)||up to 100 EUR Bonus by becoming Skrill VIP|
|up to 1.1% with eWallet-Optimizer||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||for all NETELLER users||for all Skrill customers using the 2-step-authentication|
Both e-wallet providers have an e-money record with the UK government’s and are regulated by the Financial Services Authority (FSA) in the United Kingdom. Different to PayPal, they are not a bank and do not lend customers’ funds. NETELLER allows to purchase Bitcoins. While Skrill (Moneybookers) is available for paying at important merchants like eBay, Skype and Facebook with their direct deposit option, NETELLER is only provided as standard MasterCard payment.
Both eWallet providers improved their support a lot in the last years, especially for their VIP customers. While NETELLER is also able to take care of their non-VIP customers requests within a reasonable time frame, Skrill still often needs one week or longer to get back to their customers.
NETELLER vs Skrill: Development
NETELLER was founded in 1996 and is owned and operated by Optimal Payments PLC (now Paysafe Group). Optimal Payments PLC has been publicly traded on the London Stock Exchange since its initial public offering in 2004 and their stocks raise over last years consistently.
Skrill was founded in 2001 under the name “Moneybookers”, took over Paysafecard in February 2013 and was re-branded to “Skrill” in March 2013. In August, Corporate venture capital (CVC) announced the acquisition of Skrill for 800 million USD.
The last half of 2012 saw NETELLER achieve a 21% increase in new member sign-ups. 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.
Both providers are aiming for the US market where NETELLER has been more popular before they pulled out in 2007. Both already got their license for New Jersey and are investing many resources to get their licenses for more States very soon.
Google Trends gives an impression about the development of both eWallet providers worldwide popularity over last ten years:
As of 2015, Optimal Payments as the mother company of NETELLER bought Skrill, so it is now effectively one company. Now it is also possible to fund your NETELLER account via Skrill and vice versa using the Money-In or Upload Section of the respective accounts.
NETELLER vs Skrill: Conclusion
In most parts Skrill (Moneybookers) and NETELLER are pretty much equal when it comes to their VIP membership. But there are still some main differences, especially for non-VIPs that should be considered before signing up. With recent fee changes, there is even less differences between the two companies. It can be expected that this trend continues and that the product will be mostly the same.
The main important fees like depositing and withdrawal fees, especially for non-VIPs, are much lower at Skrill (Moneybookers) compared to NETELLER, with the exception of the currency exchange fees.
- Promotions & Cashback for smaller turnover:
Skrill ran several cashback promotions up to 1.5% cashback for outgoing transfers until 2013, but stopped doing so in 2014. Skrill still offers the Skrill Loyalty Club for their VIP customers earning them 0.2% cashback, but the list of excluded merchants taking part in the promo has been extended heavily in 2013 and the program is discontinued after end of June 2016.
For clients of eWallet-Optimizer, Skrill offers a $15 sign up bonus and 1% cashback for 30days to become Skrill VIP faster and clients also receive a monthly bonus paid in addition for all their qualified transfers, leaving Skrill as good option for those customers using their eWallet for smaller transfers.
- MasterCard for NON-VIPs:
The default NETELLER MasterCard limit is much higher than the one of Skrill MasterCard for NON-VIPs. However, the withdrawal fees were adjusted at the beginning of 2016 and are now 1.75% for both providers (free for Gold VIPs and higher at NETELLER; Silver VIPs and higher at Skrill).
- Currency exchange fees:
Since Skrill raised their currency exchange fees in late 2013, NETELLER is now the clear winner in this part of the comparison (1,00-3,39% FX fees depending on customers VIP status).
Skrill now differs currency exchanges in the following three categories depending on the customers VIP status.
- Support for NON-VIPs:
While Skrill’s non-VIP support may take one to even two weeks to answer, NETELLER’s support handles their customers requests much faster and better. Trustpilot’s ratings of 2.5/10 for NETELLER and 4.6/10 for Skrill seem to indicate a different result, but from our longtime experience NETELLER support is actually better. Also Please note that this rating is based on normal customers review. The customer satisfaction for VIP customers is highly better for both providers, especially for those benefiting of the additional support by eWallet-Optimizer.com
- Cashback for high turnover customers:
For those planning to use their eWallet heavily and are interested in earning decent cashback every month, we suggest using NETELLER where eWallet-Optimizer clients earn a monthly extra cashback of up to 1.1% on all qualifying transfers.
Get additional Bonuses & Support for free
No matter if you decide to go with Skrill or NETELLER, make sure to register with eWallet-Optimizer to enjoy additional bonuses and better support.
If you have any questions about the NETELLER or Skrill eWO Bonus Program and their benefits, please do not hesitate to contact us
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