Webmoney vs. Skrill: Exclusive comparison plus table
Previously we had compared Webmoney with many major players of the financial world. Today’s post is a comparison between another leading system which stands right next to PayPal in terms of popularity. The two are mostly similar and widely used, however, there are slight differences between them.
Skrill was established in 2001 and was first known as Moneybookers. It works similarly to PayPal, allowing users to send and receive payments to users all over the world. Similarly, WebMoney is one of the most popular e-wallets which is used for depositing and withdrawal of transactions. Businesses can also enjoy a range of opportunities on Webmoney.
Today we’ll compare and contrast two other famous payment processors; Webmoney vs. Skrill.
Pros and cons of Webmoney
Webmoney offers a high level of guaranteed security. Webmoney wallets are highly popular among Webmoney users and help perform transactions. Plus, there comes a number of other services for the system including making rents, paying for various services, buying a plane ticket and receiving a Webmoney loan. Also by creating a webmoney ticket users can report possible occurring issues and receive their answer via an email or their Keeper app. There won't be a need for using the system through a browser if users have the Webmoney Keeper app.
On the other hand, Webmoney does not follow the rules stipulated on its website. That’s why many users complain about the sudden blocking of wallets and not even being informed about it. To add to that, there were a few reports saying that the customer service had not responded abruptly or the answer provided was not fully covering the issues in the request. There have also been problems with withdrawing funds from Webmoney, mentioned by a number of users.
Pros and cons of Skrill
As a digital multicurrency wallet provider, Skrill helps handling online payments, making transfers and storing money. The system has managed to operate in more than 120 countries with the digital wallet offered in 40 different currencies.
Skrill provides easy, fast, and secure payments and stores all your data in one place. Also, the customer will be able to send money from his or her Skrill account to an online banking account making it possible to withdraw money using an ATM.
The anti-fraud system of Skrill will prevent any suspicious activities and any type of cyber security attacks to further ensure the security of your funds.
However, there are a few drawbacks for the system too. Verifying a Skrill account can be too time-consuming in some cases causing a number of reported complaints for the system.
The customer support desk for Skrill system has been controversial since it is only a chatbot which does not offer accurate answers and only predetermined ones.
Webmoney vs. skrill
Both services go back to the same time, being established in 1998. They both are very safe and secure. However with Skrill, there have been some concerns regarding its past association with the gambling industry, but it’s important to remember that Skrill was founded in the UK and continues to operate under UK law. Skrill is absolutely legit and uses an anti-fraud system to prevent any suspicious activities and any type of cyber security attacks.
WebMoney Transfer technology is developed taking into consideration the security requirements to online information management systems. For that purpose it hires a security service to guarantee the security of its users.
Both services offer an app which is the quickest and most convenient way for users to access all of their account's main features and link their account to their mobile phone.
Webmoney offers a completely free account to its users while a Skrill account is only free for personal use as long as you log in or make a transaction at least every 6 months.
For many users fees are a priority when choosing the best payment provider. Skrill to Skrill Money Transfers, charge you with a 2.99% fee, whereas, Webmoney transfers the fee of 0.8% of the payment amount for every transaction.
Comparison table
| Webmoney | Skrill | Both | |
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Which is more secure? |
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Which offers an app? |
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Which offers a free account? |
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Which has better fees? |
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PayPax advantages for both Webmoney and Skrill users
It might have been overwhelming for you to choose the best payment provider but with the comparison provided, you are now free to choose the best option which you think most fits your desires of a payment processor.
whichever you have chosen, you’ll always be in need of a reputable and secure payment processor to bring you the best platforms for your online money exchange and conversions.
Next, it is the convenience that matters to users the most and when it comes to convenience there comes fees.
Finding the best service with the best exchange rate is not an easy job, but we recommend you one of the best exchange platforms with the best rates and lowest fees. Using PayPax, you no longer have to leak money on poor exchange rates and high fees. On PayPax everything is clear cut and there are no third parties or banks involved. On PayPax you can simply:
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