Skrill confirms its money transfer service will launch in US

|

Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Skrill has brought its Skrill Money Transfer product to the US, where users can send cash to a range of countries across the globe.
  • There are no Skrill fees in place for those who wish to send cash through the system.
  • “There has never been a more important time for remittance services, and we’re proud to bring Skrill Money Transfer to U.S. consumers,” said the firm’s CEO.

Online money transfer service Skrill has announced the launch of a new service for customers in the US.

The firm said that it would now offer both current and yet-to-join customers in the country the chance to send cash to loved ones free of charge.

Destination countries that are included in the list of recipient destinations include some close to the US, such as Mexico.

India is also on the list, as are over 15 more countries in Europe and Asia.

To use the service, customers in the US can provide the funds using their own bank account.

Alternatively, they can use a credit or debit card.

From there, they can go on to make the transfer via their Skrill account.

The transfers are made directly to the foreign account.

No fees are levied by Skrill on the transactions, though the firm did emphasise that those who are receiving cash might be charged fees by their bank.

In a press release, Skrill emphasised that the development was taking place “against the backdrop” of the worldwide COVID-19 crisis.

It also shared more details about the list of recipient countries included in the service.

“Against the backdrop of the COVID-19 pandemic, immigrants and expats across the continental U.S. will benefit from Skrill Money Transfer, which ensures as much financial support as possible reaches loved ones in Mexico and India, the top-two migrant countries to the U.S. as well as Pakistan, Bangladesh, Italy, the U.K., Spain, and France, among others,” it said.

“It is free to create a Skrill account and Money Transfer senders are charged neither fees nor any foreign exchange (FX) mark-up to send money from the U.S., the world’s largest market for sending overseas remittances,” it added.

According to Lorenzo Pellegrino, who is the CEO of Skrill and some other brands under the umbrella of parent firm Paysafe, the development comes at an “important” juncture.

“There has never been a more important time for remittance services, and we’re proud to bring Skrill Money Transfer to U.S. consumers, who send more money overseas to friends and family than anyone else in the world,” he said.

“New Americans and expats with connections overseas will now be able to send their loved ones much-needed help. Together we’re always stronger,” he added.

The Skrill Money Transfer service was first set up in Europe back in October 2018.

If you’re interested in discovering more about the way that the international money transfer market words, head over to our news pages to read more.


Most Read

Use Our Currency Comparison Tool

Select country...

Select country...

Send

Editor's Choice

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.