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Skrill review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Skrill is a custodial prepaid Mastercard wallet with crypto and multi-currency features under Central Bank of Ireland supervision, suited to readers who want one account for all of it. The price is a €5 monthly fee and a 3.99% conversion fee on every foreign purchase.

Key facts

Best for
Readers who want crypto, a virtual card and several currencies in one custodial wallet and can live with a €5 monthly charge.
Monthly fee
€5 (Source, checked September 26, 2026)
Currency conversion fee
3.99% (Source, checked September 26, 2026)
Card type
Prepaid (Source, checked September 26, 2026)
Card network
Mastercard (Source, checked September 26, 2026)
Custody
Custodial (Source, checked September 26, 2026)
Legal entity
Paysafe Payment Solutions Limited. (Source, checked September 26, 2026)
Headquarters
Ireland (Source, checked September 26, 2026)
Features
Crypto, Virtual card, Multi-currency
Official website
skrill.com

Apps and profiles

Get the app
App Store
Elsewhere
WikidataX

Pros and cons

Pros

  • The provider holds the balance in a custodial arrangement, so there are no keys or self-custody steps to manage.
  • The feature list covers crypto, a virtual card and multiple currencies in one account, which a plain prepaid card would not do.
  • Irish supervision on two fronts, with a crypto registration MiCA CASP 213800QBQVHWRBHJTA89 and an e-money licence PSD_EMI IE_CBI!C184986 under the Central Bank of Ireland.
  • The prepaid card runs on mastercard, so it is accepted wherever that network is taken, at home and abroad.

Cons

  • The monthly fee of €5 is high for a prepaid card, where JMMB Moneyline and JMMB Money Transfer charges JMD 0 and CrediMax Cardy EX charges BHD 0.
  • A conversion fee of 3.99% sits on every foreign currency purchase, while Beyon Money converts at 0%.
  • It places 383 of 419 brands on the monthly fee and 250 of 259 on conversion, near the back of both fields.
  • The balance is custodial, so the provider holds the money and it is not in an account the customer controls.
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Who it suits

  • People who want crypto, a virtual card and several currencies in a single custodial wallet, and who do not mind a €5 monthly charge for the convenience.
  • Readers who mostly spend in euro and treat the prepaid card as a secondary method rather than a daily driver, so the monthly charge feels small.
  • Anyone who puts a Central Bank of Ireland licence ahead of a cheaper fee sheet, and is comfortable with the provider holding the balance.

Who should look elsewhere

  • Travellers paying in local currency, since Beyon Money converts at 0% against Skrill's 3.99%.
  • Readers who want a prepaid card with no monthly charge, such as JMMB Moneyline and JMMB Money Transfer at JMD 0 or CrediMax Cardy EX at BHD 0.
  • Crypto holders who want to hold their own keys, because the balance is custodial and sits with the provider.

Regulation and registers

Skrill sits on the Irish register twice over. The Central Bank of Ireland is the regulator on both entries: a crypto asset service provider registration, MiCA CASP 213800QBQVHWRBHJTA89, and an electronic money institution licence, PSD_EMI IE_CBI!C184986. One Irish supervisor therefore watches both the crypto wallet and the prepaid card, which is the point for a reader weighing the safety of the money, and the supervision of the two sits in one place rather than being split.

Where it sits among rivals

On cost, Skrill sits towards the back of the field. Its currency conversion fee places it 250 of 259 brands compared on the site, and its monthly fee places it 383 of 419. The conversion placing is the friendlier of the two, the monthly placing the weaker, so a reader shopping on the recurring charge gets the starker number. Both placings describe fees rather than service, and the fee sheet below explains why the monthly charge is the more expensive of the two lines for anyone keeping the account open all year.

Using it day to day

Skrill is a prepaid card, which means the balance is loaded before you spend it rather than drawn from a bank current account, and a shortfall shows up as a card issue rather than an overdraft. The card runs on mastercard, so it is accepted in the shops, online checkouts and cash machines that take that network, at home and on holiday alike. It is not a standalone bank card, though: the card is one part of a wider wallet, and the account is set up for moving and holding money in several currencies rather than for a monthly statement cycle.

Using it abroad

Abroad is where Skrill costs most. A purchase on mastercard is converted at the network rate, and Skrill adds 3.99% on top, so a card payment in a foreign currency carries two layers of cost rather than one. A reader on a trip paying in local currency, or anyone settling a bill in another currency, pays that conversion charge on every transaction instead of once. The mastercard acceptance is convenient at the till, but the conversion charge is the line to budget for, and it is why this card is hard to justify on a foreign holiday.

Fees and currency costs

Two charges decide what Skrill costs. The prepaid account carries a monthly fee of €5, a recurring cost whether or not the card is used, and it is the reason the brand sits low in the monthly fee ranking. Currency conversion adds 3.99% whenever a purchase is converted. Against the prepaid cards in this comparison, where JMMB Moneyline and JMMB Money Transfer charges JMD 0 a month and CrediMax Cardy EX charges BHD 0, and Beyon Money converts at 0%, Skrill is priced at the expensive end on both lines.

Who runs it

Skrill is issued by Paysafe Payment Solutions Limited., a company registered in Ireland. That Irish base is also where the supervision sits: the Central Bank of Ireland is the regulator on the register entry for the crypto business, MiCA CASP 213800QBQVHWRBHJTA89, and on the entry for the payment side, PSD_EMI IE_CBI!C184986. Readers who weigh who holds their money should note that the card and the crypto wallet are run inside one Irish entity, so the account a cardholder holds and the wallet behind it come from the same company rather than two separate providers.

How Skrill compares

Where Skrill is available

Licence in Ireland
Central Bank of Ireland, checked September 26, 2026
Licence in Ireland
Central Bank of Ireland (CBI) (MiCA CASP 213800QBQVHWRBHJTA89), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Ireland
IE_CBI (PSD_EMI IE_CBI!C184986), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Frequently asked questions

What does Skrill charge each month?+

Skrill's prepaid account carries a monthly fee of €5, charged on the account rather than per purchase. That is the main ongoing cost, and it is the reason the card places 383 of 419 brands on the site for monthly fees. A reader who uses the card lightly still pays it.

How much is the currency conversion fee?+

The conversion fee is 3.99%, applied when a card purchase is converted into another currency, on top of the mastercard network rate. Beyon Money charges 0% for the same job, so Skrill is the more expensive pick for anyone spending abroad.

Is Skrill regulated, and who supervises it?+

Yes. The Central Bank of Ireland is the regulator on both register entries: a crypto registration, MiCA CASP 213800QBQVHWRBHJTA89, and an electronic money institution licence, PSD_EMI IE_CBI!C184986. Both sit in Ireland, so the card money and the crypto side of the wallet fall under the same Irish supervisor.

Who runs Skrill?+

The account is issued by Paysafe Payment Solutions Limited., registered in Ireland. The same company appears behind both the crypto registration and the e-money licence, so the prepaid card and the wallet features sit with one operator. For readers weighing who holds the money, the legal name is the one to look for on the Irish register.

What kind of card is it, and which network runs it?+

It is a prepaid card, so the balance is loaded before you spend rather than drawn on a current account, and it runs on mastercard. That network is accepted in shops, online and at cash machines abroad, which is what makes the card usable away from home even though the account is Irish.

Does Skrill hold crypto, and who holds the balance?+

The feature list names crypto, a virtual card and multiple currencies in the same account, and the balance is custodial: the provider holds the money rather than the customer holding keys. That suits people who do not want to manage crypto keys, and it is the point to weigh against a self-custody wallet.

How does Skrill compare with cheaper prepaid cards?+

The gap is on the recurring charge. JMMB Moneyline and JMMB Money Transfer has a monthly fee of JMD 0 and CrediMax Cardy EX has BHD 0, against Skrill's €5. Skrill adds the crypto, virtual card and multi-currency features that those two cards do not list.

Where does Skrill rank on cost?+

Its cost score on the site is 0.6, with an overall score of 0.6. On the two fees that matter for a prepaid card, Skrill places 250 of 259 on conversion and 383 of 419 on the monthly fee.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Skrill

Skrill

Readers who want crypto, a virtual card and several currencies in one custodial wallet and can live with a €5 monthly charge.

8.1/10Visit