Skrill vs WebMoney

May 21, 2023 | Author: Sandeep Sharma
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Skrill
Skrill (formerly Moneybookers) is a global e-commerce business that allows payments to be made through the Internet. Our worldwide payment network lets businesses extend their reach globally with over 100 local payment options. We already meet the needs of over 156,000 businesses with everything from a simple one-step integration to a fully-tailored payment solution.
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WebMoney
WebMoney Transfer - smart solution for internet business. It is a multifunctional payment tool that provides secure and immediate transactions online. WebMoney Transfer Technology is based on providing all its users with unique interfaces that allow to operate and control individual property rights for valuables (assets), stored at the specialized entities — the Guarantors.
Skrill and WebMoney are both online payment systems that enable users to send and receive money securely over the internet. However, there are key differences between the two platforms.

One significant difference is their geographical reach and user base. Skrill is widely recognized and used globally, supporting transactions in over 200 countries and offering services in multiple languages. It has a broad user base and is particularly popular among individuals and businesses engaged in online gaming, e-commerce, and international money transfers. On the other hand, WebMoney originated in Russia and primarily caters to users in Eastern Europe and the former Soviet Union countries. While WebMoney is expanding its services and user base, its reach and recognition are relatively more limited compared to Skrill.

Another notable distinction is the payment options and funding sources. Skrill allows users to fund their accounts through various methods, including credit and debit cards, bank transfers, and alternative payment options like Paysafecard and Neteller. WebMoney, on the other hand, primarily focuses on e-wallets, where users can top up their accounts through bank transfers, cash deposits, or by exchanging funds with other WebMoney users.

Currency options are also a distinguishing factor. Skrill supports a wide range of currencies, allowing users to transact in their preferred currency and perform currency conversions when needed. In contrast, WebMoney primarily operates in Russian rubles (RUB) but also supports a limited number of other currencies like USD and EUR. This can be a consideration for users who require multi-currency support.

Lastly, the platforms differ in their fee structures and services. Skrill offers various services beyond money transfers, including prepaid debit cards, merchant services, and cryptocurrency trading. It imposes fees for certain transactions, such as currency conversions and withdrawals. WebMoney, on the other hand, primarily focuses on online payments and money transfers, with fees applicable for specific transactions, account maintenance, and currency exchanges.

See also: Top 10 Online Payment platforms
Author: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com