PAYPAL VS PAYSAFE (SKRILL AND NETELLER): PAYMENT SYSTEMS COMPARISON
The growth in demand for non-cash payments has led to the emergence of a large number of online payment methods.
PayPal, Skrill and NETELLER are among the most common digital wallets allowing users to make fast person-to-person and person-to-merchant transactions.
Skrill and NETELLER are part of Paysafe Group, PayPal is a separate company operated by PayPal Holdings. With 20 years of experience in the online payment market, these brands have gained worldwide fame.
PayPal has long been the main payment method at eBay, now it is widely accepted by most online merchants. The company ranked 222nd on the 2018 Fortune 500 of the largest US corporations by revenue.
Paysafe mainly focuses on online gambling transactions. Almost every online casino, sportsbook, poker room and other gaming or trading platform accept Skrill and NETELLER. For a long time, these e-Wallets have been the only alternative for bank card payments. However in recent years, Paysafe has significantly expanded its scope of activities: for example, customers are now able to buy and sell cryptocurrency using the Skrill or NETELLER account balance. BTC, BCH, ETH, LTC, XLM, ETC, XRM, ZRX and EOS are available; all cryptocurrency transactions in Skrill are free.
You can fund your PayPal account only with a bank or card transfer.
You can deposit money into your Paysafe account (Skrill and NETELLER) with a bank or card transfer, but other methods are also available: via Bitcoin or mobile balance transfer. For NETELLER, there are even more options: Qiwi, Yandex.Money, Moneta.ru.
You can withdraw funds from all these payment systems to your bank account, as well as to your VISA card (Skrill only).
See the comparison table below:
As you can see, each system has its pros and cons. PayPal is a good choice for online shopping as there are no fees for depositing and withdrawing funds.
Skrill and NETELLER are ideal for gamblers and those who are interested in trading and cryptocurrency. These wallets are also convenient for person-to-person money transfers, because unlike PayPal, Skrill and NETELLER fees remain unchanged regardless of the recipient location.
You can get the most out of Skrill and NETELLER by joining VipDeposits loyalty program. With us you will get the following benefits:
We offer simplified procedure for obtaining VIP status (the required amount of transactions is reduced). See how to register and apply for joining our loyalty program here.
With us you can get an exclusive VIP Bronze PRO status immediately after account verification, and get VIP Silver on favorable terms. Please see the advantages:
|Regular account||NETELLER VIP Bronze PRO||NETELLER VIP Silver|
|Additional account in another currency||no||no||+1|
|Currency Conversion Fee||3.99%||3.19%||3.19%|
|Send money fee||1.45% (max. unlimited)||1.45% (max. unlimited)*||0%|
|Extra cash back||no||0.3%||0.3%|
* – after depositing via bank or card transfer, standard commission applies – 1.45% (minimum €0.50).
To create a new account or join VipDeposits loyalty program, click here.