Neteller vs Skrill – Complete Comparison

The popularity of eWallets has boomed in the last several years and two of the companies that have been at the forefront of the online banking industry are Neteller and Skrill. Both companies offer low fees, fast transaction times, are 100% safe and secure, offer a VIP program, and with both, you can buy and sell cryptocurrencies. With all of the advantages that each offers it is not surprising why they are the top names in the online banking industry.

Most retailers both land-based and online accept Skrill and Neteller and they are also the two most popular eWallets when it comes to making transactions at online gaming sites. For online casinos, sportsbooks, and poker rooms using Neteller or Skrill offer players very low fees, if any, for deposits and withdrawals. On top of that the processing times are very fast and the majority of the time they are instant for deposits.

Neteller was created in 1999 in Canada and in 2004 moved to the Isle of Man. The company became popular very quickly and one of the main reasons was that it began to process online gambling payments in 2000. The eWallet supports over 25 currencies and has several different products such as Net+Cards.

neteller skrill comparison

2015, Optimal Payments Plc, which is (now Paysafe Group, which founded Neteller agreed with Skrill to buy the company for €1.1 billion. While this is the case the two eWallets are not the same in what they offer their millions of members around the world. However, both are still leaders in the online banking industry and offer high-quality payment services.

Skrill was founded in 2001 and at the time it was called Moneybookers. The Skrill name came about a little over a decade later and now the digital wallet is available in over 200 countries and supports over 40 currencies. It is owned by Paysafe Payment Solutions Limited and holds several licenses enabling it to offer its services in Europe as well as globally. Over the years Skrill has become one of the most well-respected names when it comes to digital wallets and is even the official global payments partner of the football club A.C, Milan.

While both Neteller and Skrill are eWallets and are in the online banking industry they are not banks, as they do not lend customers’ funds. They are both payment services companies that offer many things to their customers. In the digital age both companies, as well as others, have become the main way that many people take care of financial transactions, which has pushed online banking to the forefront of the banking sector, which is likely to continue.

VIP Program

skrill neteller comparison vip program

VIP levels at Skrill and Neteller

While the VIP programs at Skrill and Neteller look fairly similar, one thing that instantly comes to mind is the fact that both ewallets use Silver, Gold & Diamond as steps, but Neteller adding an extra step called Exlusive. This top tier of the Neteller VIP requires a total of $600,000 in transfers per quarter and while it does not add any new features it, it reduces the FX fee all the way down to 1.29% from the 2.39% at Diamond.

Silver VIP€15,000 in a quarter$15,000 in a quarter
Gold VIP€45,000 in a quarter$45,000 in a quarter
Diamond VIP€90,000 in a quarter$150,000 in a quarter
Exclusive VIPNot available$600,000 in a quarter

Neteller VIP program

The Neteller VIP program states that it is the “most attractive VIP program in the industry.” The program is free to join and has four levels in Silver, Gold, Diamond, and Exclusive. The more money that is transferred to a merchant, quarterly, the higher level you will be in and the more benefits you will receive. In the program, you will also be able to get a free Net+ Prepaid Mastercard.

The main benefits to being in the Neteller VIP program include:

  • Cryptocurrency transactions and VIP status – If you use Neteller to buy or sell cryptocurrency those transactions count to being a VIP member, which means with those transactions you can move up in levels in the program.
  • Discounted deposits and withdrawals – VIP members receive exclusive discounts on deposit and withdrawal fees.
  • Lower FX fees – In the program VIP members will save on FX rates and the higher you are in the program the lower the fees will be.
  • Free money transfers – If you are a VIP member of Silver or above you can send money around the world free of charge.
  • Dedicated VIP manager – You can get enhanced customer service with a dedicated manager that can promptly answer all of your questions in your language.
  • Exclusive VIP promotions – You can receive invitations to special promotions as well as other rewards and prizes.
  • Bronze
  • Req. Transfers/Year
  • Daily ATM limit
  • ATM Withdrawal fee
  • Anniversary points
  • FX Fees
  • Net+ card fee
  • Additional account
  • VIP manager
  • Increased limits
  • Next day payouts
  • Bronze
  • $6000
  • $1000
  • 1.75%
  • 1000
  • 3.79%
  • $10
  • Bronze VIP Pro
  • FREE with EwalletVIP
  • $3300
  • 1.75%
  • 1000
  • 3.79%
  • $10
  • Yes
  • Silver
  • $7500 (Exclusive)
  • $3300
  • $6
  • 9000
  • 3.19%
  • Free
  • 1
  • Yes
  • Gold
  • $45,000
  • $3300
  • $6
  • 10,000
  • 2.79%
  • Free
  • 2
  • Yes
  • Yes
  • Yes
  • Platinum
  • $150,000
  • $3300
  • $6
  • 20,000
  • 2.39%
  • Free
  • 3
  • Yes
  • Yes
  • Yes
  • Diamond
  • $600,000
  • $3300
  • $6
  • 50,000
  • 1.29%
  • Free
  • 3
  • Yes
  • Yes
  • Yes

Skrill VIP-Program

Skrill also has a solid VIP program, called the VIP Club, where loyal members are rewarded. The program is a free one to join and simply use your Skrill wallet, depositing to at merchants or using our Cryptocurrency service to move up in levels. There are three levels in the program in Silver, Gold, and Diamond and the level you are in will depend on money transacted quarterly. Just like the Neteller program the higher level you are at in the Skrill VIP Club the more benefits you can receive. Some of those benefits include:

  • Lower fees – the more you use the Skrill eWallet the less you will play in fees such as FX and ATM withdrawal fees.
  • Higher limits – You can get priority bank uploads as well as higher transaction limits.
  • 24/7 support. VIP members will receive dedicated help desk support and with Gold members and above they will get a personal account manager.
  • Invitations to exclusive events – Skrill VIP members can get exclusive invitations to things such as football, basketball, or cricket matches, worldwide festivals, and more.

Also, in the Skrill VIP Club, you can have multicurrency accounts with one for Silver, two for Gold, and three for Diamond. A multicurrency account is nice to have to carry different currencies to avoid FX fees. No matter what level you are at in the program it is free to send money around the world and

For both the Skrill and Neteller VIP programs offer many advantages when it comes to gambling online. Not only do most online gaming sites accept each eWallet but the more transactions that you make at the site you play at the more benefits you can receive in the VIP program.

Required transactions to merchants€15,000 for regular customers / €5000 for EwalletVIP€45,000 for regular customers / €15000 for EwalletVIP€90,000 in a quarter
Multi-currency account+1 account+2 accounts+3 accounts
Personal Account Manager-YesYes
Priority bank uploads-YesYes
Send Money Fee FreeFreeFree
Bank withdrawal feeFreeFreeFree
Foreign exchange fee (FX)2.89%2.59%1.99%

Skrill Fees vs Neteller Fees

skrill neteller comparison fees

While Skrill and Neteller are owned by the same company the fees are not the same. Here is a breakdown of the fees for both popular eWallets.

Skrill Fees

For Skrill deposits, both through local and global payment methods, there is a flat fee of 1% of the transaction. For withdrawals the fees are:

  • Neteller – 1%
  • Bank Wire – €5.50
  • Visa – 7.5%
  • Swift – €5.50

It is free to send money from Skrill to an international bank account and to receive money. For a domestic transfer, there is a Skrill fee of up to 2% per transaction. The transfer fee from Skrill to Skrill is 1.45% minimum min 0.50 EUR fee if you have funded your wallet by a Card or Bank Account. If you have not made any deposit to your Skrill account, or if you have deposited from Neteller, Paysafecard, or BitPay, a higher fee of 4.49%, with a minimum of 0.50 EUR will apply.

For personal use, your Skrill account is free if you make at least one transaction per year. If not there is a monthly service fee of €5.

There is a currency conversion fee of 3.99% that can be lower if you are in the VIP program. If your Skrill Account is in a currency other than the Euro, your cryptocurrency transactions will have an exchange fee of 1.5%.

The fees for buying and selling cryptocurrency are:

  • Transactions up to €19.99 – €0.99 per transaction
  • Transactions between € 20 – €99.99 – €1.99 per transaction
  • Transactions above €100 – 1.50 % per transaction

Neteller Fees

All the fees for Neteller are shown in U.S. dollars ($).

There are many deposit options to fund your Neteller account and all of them have a flat fee of 2.5% per transaction.

The withdrawal fees are:

  • Bank Wire – $10
  • Member Wire – $12.50
  • Merchant Sites – Free
  • Money Transfer – 1.45% minimum fee $0.50
  • Net+ Prepaid Mastercard – 1.75%
  • Skrill – 2.5%

The Neteller money transfer service lets you send money around the world instantly, even if they don’t have a Neteller Account. The regular fee for sending money is 1.45% – minimum of $0.50.

There are also a few different fees and it will depend on when you opened your Neteller account. For example, if you opened an account after April 8, 2020, and have not made any deposit to your account, or have deposited only by using Skrill, Paysafecard, Neosurf, Qiwi, or BitPay, a fee of 4.49% will apply.

The fees for buying and selling cryptocurrency are:

  • Transactions up to $19.99 – $0.99 per transaction
  • Transactions between $20 – $99.99 – $1.99 per transaction
  • Transactions above $100 – 1.50 % per transaction
  • Crypto P2P (person to person) – 0.50% per transaction

Neteller charges a foreign exchange fee of 3.99%, which can be lower if you are in the VIP program.

Your Neteller account is free if you make at least one transaction per year. If not there is a monthly service fee of $5.

Both Skrill and Neteller also have various administrative fees for things such as the provision of inaccurate or untruthful information or lack of cooperation, a reversal of an incorrect transaction, chargeback, and prohibited transactions.

Member transfer (Without VIP)1.45% (min 0.5€)1.45% (min 0.5$)
Receive moneyFreeFree
Deposit money to merchant
ATM withdrawal fee
Upload money1%2.5%
Withdraw funds to card
Withdraw funds to Bank5.5€10$

Net+Prepaid Card vs Skrill Prepaid Mastercard

skrill neteller prepaid cards

Both Neteller and Skrill have prepaid Mastercards that can be used to make purchases and for ATM withdrawals. They are physical cards, and both can be ordered for free. Not only are there physical cards but both Skrill and Neteller offer virtual cards as well.

Net+Prepaid Card

If you Deposit money into your Neteller account and you can use your card anywhere Mastercard is accepted. Using the card is a very secure payment solution and you can easily keep track of all your transactions through the Neteller application. You can use the Net+Prepaid Card to shop in-store or online, spend abroad, and withdraw cash from millions of ATMs around the world.

It is simple to apply for the Net+Prepaid Card, as you just have to login into your Neteller account and click the Net+ Card’ tab or you can download the application for free and apply in seconds. Then when you get the card in the mail login to your Neteller account and click Activate and you are ready to use it.

The fees for the Net+Prepaid Card are:

  • Free to pay in shops, restaurants, or online
  • 99% foreign exchange (FX) fee
  • $10 shipping and handling fee
  • 75% cash withdrawal fee
  • $10 to replace a lost card
  • $ 10 annual card fee

The limits for the Net+Prepaid Card are:

  • 10 withdrawals every 24 hours
  • €900 in withdrawals every 24 hours
  • 50 purchases every 24 hours
  • €2,700.00 in purchases every 24 hours

You can link up to 5 Net+ Virtual Prepaid MasterCard accounts to a single physical card for free. The first virtual card is free of charge and the canceled card replacement fee is €2.50. for the virtual card the limits are €2,700 maximum limit per transaction, 10 purchases every 24 hours, and €2,700 in POS purchases every 24 hours.

neteller mastercard

Skrill Prepaid Mastercard

The Skrill Prepaid Mastercard can be used anywhere Mastercard is accepted online or in person. You can also use it to withdraw from ATMs’ around the world. There is no credit check required to get the card and you can access your balance at any time through the Skrill application. When you order the card you will receive it in 7-10 days. You can set spending limits with the card and it is very secure with the unique 3D Secure (3DS) security feature. In this feature when you purchase something online you will be asked to enter a one-time passcode, which will be sent to you by text.

To order the card simply login to your Skrill account and go to the Skrill Prepaid Card tab and click it. When you receive the card within 7-10 days you can activate it through your Skrill account, and you can then use it.

The fees for the Skrill Prepaid Mastercard are:

  • Paying in shops, restaurants, or online – Free
  • Receiving cash – Free
  • Online statement – Free
  • Pin re-issue – Free
  • €10 annual fee
  • 99 % FX fee
  • 75 % ATM fee (Local ATM surcharges may apply as well)
skrill prepaid mastercard

Skrill vs Neteller for Uploading and Withdrawing

skrill neteller transfers

Both Skrill and Neteller make it easy to upload, deposit, and withdraw money from your account. The process for deposits and withdrawals is a quick and easy one for both eWallets.

Skrill fees for uploading and withdrawing

Skrill offers both local and global methods for depositing money into your account. The fee for all deposits is 1% of the deposit total. You can deposit from your local bank as well as other options such as Visa, Mastercard, American Express, and Paysafecard to just name a few.

You should be aware that there may be additional charges due to the currencies used. Skrill supports over 40 currencies and to avoid an FX fee you can choose to have up to four currencies for your Skrill account. You have to keep the accounts active, as if you do not you will incur a monthly account maintenance fee of €1 after a year of inactively.

In terms of withdrawals, you can withdraw from your account through a bank transfer, credit cards, debit cards, and a Skrill card depending on the country you reside. Typically, the withdrawal will take between 2-5 business days and there is a fee. One of the best and cheapest methods of withdrawing money from your Skrill account is to use a Skrill Prepaid Mastercard, where you can get the money right away from any ATM and only be incurred a small fee.

Neteller fees for uploading and withdrawing

While Neteller has more options than Skrill when it comes to depositing money into your account the fee is a higher one. For every deposit option, there is a flat fee of 2.5% of the transaction. Besides being able to deposit from your local bank just a few of the options available are Neosurf, Trustly, Rapid Transfer, Maestro Debit Card, GiroPay, PayByMobile, Paysafecard, and Paysafecard Cash.

Like Skrill, Neteller account holders can have up to four currencies of the 25 supported. The inactive fees are higher than Skrill as if the currency account is not active within a year there will be a $5 monthly maintenance fee.

When it comes to withdrawals there are several options through Neteller and unlike Skrill you can also request a check withdrawal. If you use a bank transfer the withdrawal process will take 3-5 business days and have a fee of $10 and a member wire withdrawal has a fee of $12.75. While the fees are higher for Neteller than Skrill they also offer the option to use merchant websites and the Net+Prepaid Card for instant withdrawals that are free of charge.

When it comes to online gambling around 80% of the gaming sites the world over will accept Neteller and Skrill for deposits and withdrawals. One of the things you have to be aware of is that you will find some online gaming sites that will offer bonuses and promotions but not offer them to a player that use Skrill or Neteller. Make sure that if you have one of the eWallet accounts and want to take advantage of a bonus and promotion that it is available to you.

Also, in terms of online gambling depositing with Skrill and Neteller is always free and for withdrawals and withdrawal times they will depend on the online gaming site.

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