What is better Skrill or NOWPayments? The perfect Payment Gateway Providers is a product that can deal with your company’s unique demands. You can find which choice is best suited for your company if you assess numerous products before you decide which one is the best.
As an example, Skrill and NOWPayments are scored at 9.0 and 8.0, respectively, for overall quality and performance. Likewise, Skrill and NOWPayments have a user satisfaction rating of 98% and 95%, respectively, which suggests the general satisfaction they get from customers. Even better, reach put to a regular client of the software and solicit their feedback about the solution in question.
Our experts made sure to prepare reviews of all popular Payment Gateway Providers products that you can find on the market, but among them these three deserved our special attention: Stripe, PayPal Payments Pro, 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
NOWPayments offers simple enterprise pricing. It charges a fee for every currency exchange and transaction made. The transaction fee starts from 0.4%. If the currency that your client is using to pay is different from the currency that you accept, the service charges an additional fee of 0.05% for the exchange service.
The service also offers rebates for high volume transactions or when the monthly asset flow increased up to a particular amount measured in Bitcoin.
Almost as important as useful features and customer support quality are pricing options provided by Skrill and NOWPayments. Although cost should not be the only element it’s surely a key thing to think about. You should count on a flexible pricing plan that can be adjusted to your business size and easily scaled up if your company develops. Make sure you don’t opt for packages that include extra tools that you won’t find a use for and always try to contact with the vendor directly because enterprises can usually count on more affordable prices. You should also try out a free trial or demo of every product to spend at least some time on actual work with the system. It’s a helpful experience that doesn’t require you to pay any money and offers a solid overview of what it’s like to work with Skrill and NOWPayments.
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