What is better Skrill or MagicPay? You have such a huge number of Payment Gateway Providers choices in today’s state of that industry that deciding on the best product is often confusing. On our comparison page, we let you examine the features, terms and conditions, available plans, and more details of Skrill and MagicPay.
It’s also possible to examine their score (9.0 for Skrill vs. 5.0 for MagicPay) and user satisfaction level (98% for Skrill vs. N/A% for MagicPay). The scores and ratings present you with a general idea how both these software products perform. Moreover, check if the software can integrate with the company’s current business apps to promote greater productivity.
We are aware that not all people have the time to scrutinize dozens of various products, so we created a list of recommendations that you may find useful. Our top selections for the Payment Gateway Providers category are: PayPal Payments Pro, Stripe, BitPay.
Skrill is a money transfer service that charges either free or low fees for different types of transactions. Your account is free as long as you stay active by logging in and making transactions at least every 12 months. If you’re inactive, Skrill will charge you a €3 service fee that will be taken from your account’s funds every month.
Here’s an overview of Skrill’s fees and charges:
Free
Here are the transactions you can do in Skrill for free:
Receiving money into your Skrill account
Paying a retailer online that accepts Skrill using your Skrill wallet
Funding your Skrill account (usually free, but other options may charge small fees which will be clearly stated)
Using the local payment method Fast Bank Transfer in uploading funds
Using the global payment method Swift in uploading funds
Uploading funds
rapid! PayCard – 0.50% of the amount funded
Bitcoin – 1% of the amount funded
Klarna – 1.90% of the amount funded
Trustly – 1.95% of the amount funded
Neteller – 3% of the amount funded
BOKU – 15% of the amount funded
VISA credit card – 1.90% of the amount funded
Credit cards: American Express, JCB, and Diners – 2.50%
paysafecard – 7.5%
Withdrawing funds
Bank transfer (local) and Swift (global) – £4.76 or €5.50
VISA credit card – 7.50% of the amount
Sending funds – 1.45% of the amount; minimum fee of £0.43
Currency conversion – 3.99% fee on Skrill’s wholesale exchange rates
Since there are so many different features and solutions available, there are multiple enterprise pricing options for each of them. Here are the details:
Mobile Payments
There are two packages namely, Starter and Premier:
Starter is priced at $10 per month with discount rate of 1% and $0.10 transaction fee.
Premier is available for $20 per month with discount rate of 0.5% and $0.05 transaction fee.
Point of Sale
This package is available for a wide range of businesses. It is available for $0.05 transaction fee at $25 monthly charges. There is also no setup fee required.
Virtual Terminals and E-Commerce Solutions
VirtualPay is available for $15 per month. Transaction fee is 30 cents. Setup is free.
VirtualPayPro is priced at $30 per month. Transaction fee is 20 cents with no setup charges.
All the data, facts and opinions that we offered in this table were taken from official vendor sites, advertising resources available online, actual experience from real clients as well as our own everyday use of each solution by an expert. We pay a lot of attention to comprehensively study every software, so we not only test it on our own, but we also correlate our results with experiences of other users from the B2B community.
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