Revolut vs Skrill

July 25, 2024 | Author: Sandeep Sharma
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Revolut
Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card, fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments.
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Skrill
Skrill (formerly Moneybookers) is a global e-commerce business that allows payments to be made through the Internet. Our worldwide payment network lets businesses extend their reach globally with over 100 local payment options. We already meet the needs of over 156,000 businesses with everything from a simple one-step integration to a fully-tailored payment solution.

Revolut and Skrill are both fintech services that offer multi-currency accounts for easy international transactions and prepaid debit cards for spending online and offline. Unlike regular banks, they provide mobile apps with real-time balance and transaction tracking. Besides they offer cryptocurrency purchasing and trading features.

But Revolut ( founded in 2015) is UK-based service primarily designed for global travelers and freelancers needing cross-border financial services. It offers free stock trading and budgeting tools and currency exchange at interbank rates with no hidden fees. Revolut has broader banking features like loans and savings accounts in some regions.

Skrill (2001) is Austrian service, mainly focused on online payments for e-commerce, gaming and remittances. It's known for quick integration with online merchants for receiving payments, offers lower fees for receiving international payments than Revolut. Besides it provides a VIP program for frequent users with enhanced benefits like higher limits and lower fees.

See also: Top 10 Online Payment platforms
Author: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com