What is better Skrill or Wallet Factory? Various companies want different types of Payment Gateway Providers. To learn which solution suits you, think of assessing various alternatives feature by feature including their terms and prices. Likewise, you may get a quick idea of their general effectiveness and customer feedback by having a look at our smart scoring system.
The results are: Skrill (9.0) vs. Wallet Factory (8.0) for overall quality and usefulness; Skrill (98%) vs. Wallet Factory (94%) for user satisfaction rating. Examine their high and weaker points and decide which software is a more sensible choice for your company. A simple, practical way is to write the advantages and disadvantages of both applications next to each other and check which software is better.
Those of you who are pressed for time or want a Payment Gateway Providers suggestion from our experts might want to examine these top choices for the current year: PayPal Payments Pro, BitPay, Stripe.
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
Wallet Factory is a Wallet-as-a-Service solution that enables businesses and individuals from banked, unbanked, and underbanked regions to access personalized and affordable financial and digital products and services.
In case you are still having doubts about which product will be best for your company it may be a sensible idea to take a look at each service’s social metrics. These metrics are usually an indicator of how popular every software is and how big is its online presence. For example Skrill Twitter account has currently 15549 followers. At the same time Wallet Factory Twitter is followed by 20 users.
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