Skrill Alternatives & Competitors

Online business has been on the J-curve growth for many years now. Whether you own an e-commerce store or offering a service online, you must need a platform to process online payments swiftly and safely. This is where payment gateways come into play. Payment gateways help businesses to collect the online payments from your customer with ease.

Skrill is a popular payment gateway which is used by many businesses worldwide. But what if it doesn’t quite work for your business needs? Maybe you're looking for lower fees, better customer support, or special features that Skrill doesn't have.

Luckily, there are many great alternatives to Skrill that can meet your specific needs. In this guide, we will look at some of the best Skrill competitors to help you find the perfect payment gateway for your business.

Limitations of Skrill Payment Gateway

There are multiple reasons why people are looking for Skrill alternatives. It has drawbacks like no UPI support, limited currency acceptance, and more. Let’s discuss it thoroughly:

No UPI Support:

Skrill does not support UPI transactions. This can be a significant drawback for businesses, especially in India. This lack of support can push away a growing number of people who prefer using UPI, and making payment options less flexible.

Limited Currency Support:

Skrill can handle only 40 different types of currency. If you want to use a currency that Skrill doesn't support, you won't be able to use it for payments. So, businesses might look for other apps similar to Skrill that offer more currency support.

Lacks Coupons and Offer Engine Module:

Merchants (people or companies selling things) cannot create special deals or discounts directly through Skrill. They need to handle these deals and discounts separately before the payment is made.

High Charges for Withdrawing Funds:

Another reason why companies want to consider Skrill alternatives is their high withdrawal charges. When you want to take your money out of Skrill, there are high fees. For example:

• Using local payment methods like NETELLER costs a fee of 3.49%
• Using Swift costs EUR 5.50
• Using a Mastercard can cost up to 7.50%

Moreover, the international transaction with Skrill can also cost somewhere between 2-4% of the transaction.

How to Pick The Best Alternative to Skrill Payment Gateway?

When choosing an alternative to Skrill for your business, it's crucial to consider various factors to ensure the best fit for your needs. Here are some key points to keep in mind:

Support for UPI

If your business caters to customers who prefer using UPI (Unified Payments Interface), ensure the alternative of Skrill payment gateway supports UPI transactions. This will help you maintain convenience for your customers.

Coupons and Offers

Look for Skrill competitors that allow merchants to create and manage coupons and promotions directly within the platform. This feature can enhance your marketing efforts and attract more customers.

Fees for Withdrawing Money

Next, evaluate the withdrawal fees associated with the payment gateway. High withdrawal fees can significantly impact your profits, so opt for a Skrill alternative with reasonable fees to maximize your earnings.

Ease of Use

Choose a payment gateway that is user-friendly and easy to integrate with your existing systems. A straightforward setup process and intuitive interface can save you time and reduce the learning curve for your team.

International Transactions

If your business operates globally, choose a payment gateway that supports international transactions and multiple currencies. Be aware of any additional fees for currency conversion and cross-border transactions to avoid unexpected costs.

Transaction Fees

Compare the costs involved in using different payment gateways, including setup fees, transaction fees (a percentage of each sale), and monthly fees. Select an option that aligns with your budget and helps you save on transaction costs.

Comparison Table For Best Skrill Competitors

Let’s take a look at the comparison table for the best Skrill competitors:

Popular Competitors of Skrill payment Gateway

When looking for alternatives to Skrill, it's important to find payment gateways that offer similar or even better features to suit your business needs. Here are ten top alternatives to consider:

1. Cashfree

One of the best Skrill alternatives is Cashfree. This payment gateway is known for its quick settlements and variety of payment options, including UPI, credit/debit cards, and net banking. It offers features like instant refunds, recurring payments, and a user-friendly dashboard. Cashfree's multi-currency support and various payment methods make it a great choice for businesses looking to streamline their payment operations.

Cashfree payment gateway Features:

• 120+ payment options
• Supports 100+ foreign currencies
• Centralized control with an advanced dashboard
• No-code integration
• Paperless and same-day onboarding

Pros and Cons of Cashfree

• Pros: Instant customer refunds, access to collections within 15 minutes, no setup, maintenance, or hidden fees. 
• Cons: No cryptocurrency support, lacks store creation features.

2. Billdesk

Another Skrill competitor, Billdesk is a well-established payment gateway in India, offering a wide range of payment options such as credit/debit cards, net banking, and UPI. It is known for its reliability and secure transactions. Billdesk supports recurring payments and high-volume transactions, making it ideal for utility payments and large enterprises.

Features of Billdesk

• 70+ currency support
• Automated refund processing
• Guest checkout system
• Instant settlements within 3-5 days
• 4-way automated reconciliation

Billdesk Pros and Cons

• Pros: Easy to set up and use, robust security with encryption, fraud detection tools, and PCI DSS compliance. 
• Cons: No store creation feature, no coupons, and offer engine module.

3. Worldline

Worldline offers a comprehensive suite of payment services, supporting a variety of payment methods such as credit/debit cards, net banking, and mobile wallets. It is known for its global reach and secure transactions, making it suitable for businesses of all sizes.

Worldline Payment Gateway Features

• Supports multiple payment methods
• Advanced fraud detection
• Detailed reporting tools
• Recurring billing and subscription management

Pros and Cons of Worldline

• Pros: Strong security features, easy integration, and excellent customer support. 
• Cons: Higher transaction fees for some payment methods, setup can be complex.

4. Easebuzz

Easebuzz  is another Skrill alternative with a user-friendly interface. It also supports multiple payment methods, including credit/debit cards, net banking, and UPI. It is designed to cater to small and medium-sized businesses, offering features like easy integration and real-time transaction tracking.

Features of Easebuzz

• Supports multiple payment methods
• Real-time transaction tracking
• Easy integration with websites and mobile apps
• Automated invoice generation

Pros and Cons of Easebuzz

• Pros: User-friendly interface, real-time tracking, and automated invoices. 
• Cons: Limited international reach, no cryptocurrency support.

5. Airpay

Airpay is a versatile payment gateway that supports a wide range of payment options, including credit/debit cards, net banking, UPI, and wallets. This Skrill competitor offers features like secure transactions, fraud prevention, and detailed analytics, making it a reliable choice for businesses.

Features of Airpay Payment Gateway

• Supports multiple payment methods
• Fraud prevention tools
• Detailed analytics and reporting
• Recurring billing and subscription management

Airpay Pros and Cons

• Pros: Robust security, comprehensive reporting, and easy integration. 
• Cons: Can be expensive for small businesses.

Techjockey UAE’s Verdict

Choosing the right payment gateway is crucial for your business, and there are several excellent alternatives to Skrill. Each offers unique benefits such as UPI support, lower fees, and better currency options. Cashfree, Billdesk, Worldline, Easebuzz, and Airpay stand out as top contenders, each with features tailored to different business needs. Evaluate your specific requirements to find the best fit and optimize your payment processes.