Skrill vs Monzo - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Skrill and Monzo have emerged as leading choices. Both Skrill and Monzo online platforms offer efficient and cost-effective and secure international money transfers from Skrill and Monzo.

We compare Skrill vs Monzo into the unique features and benefits that distinguish Skrill vs Monzo, empowering you to make an informed decision based on your specific transfer needs like Skrill vs Monzo fees, currencies available, available payment methods on Skrill compared to Monzo, support options offered by Skrill vs Monzo, speed and more.

Skrill vs Monzo: Quick Feature Comparison

  1. Visit Skrill alternative Skrill Visit Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  2. Visit Skrill alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

Skrill vs Monzo: Pros and Cons

Skrill vs Monzo
Advantages

Skrill Advantages Monzo Advantages
  • Skrill has been serving clients for over 23 years
  • Skrill is well rated among clients.
  • Skrill is available internationally.
  • Skrill has multiple currency options.
  • Skrill provides phone customer support.
  • Skrill provides email customer support.
  • Skrill is available to iOS Apple device users.
  • Skrill is available to Android mobile device users.
  • Monzo boasts a high rating for sending money.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

Skrill vs Monzo
Disadvantages

Skrill Disadvantages Monzo Disadvantages
  • Skrill has no PayPal support.
  • Skrill has no Neteller payments support.
  • Skrill has no Skrill payment support.
  • Skrill does have a mobile digital wallet like some others.
  • No home delivery with Skrill.
  • No cash pickups with Skrill.
  • No money order support with Skrill.
  • No live chat support with Skrill.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

Skrill vs Monzo Fees and Other Costs

Fee type Skrill Fees Monzo Fees
Transfer Fees none none
Min Transfer US$1.00 (varies based on certain currencies) none
Max Transfer US$2,500.00 / day (weekly and monthly limites also apply) 10000 GBP
Payment Methods Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country) bank transfer, phone contact
Currencies AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD GBP

Skrill vs Monzo Restricted Countries

Skrill Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Monzo Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Skrill vs Monzo Transfer Speeds

Transfer Speed Skrill Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Skrill vs Monzo Languages

Skrill Supported Languages

English, German, French, Spanish, Italian, Portuguese, Polish, Greek, Russian, Mandarin, Czech

Monzo Supported Languages

Skrill vs Monzo Verdict - Which is better?

Which is best out of Skrill and Monzo depends on your needs.

  • Skrill vs Monzo Transfer Fees: Transferring money with Skrill costs none while Monzo charges none.
  • Skrill vs Monzo Supported Currencies: Skrill deals in over 1, where as Monzo offers transactions in 1.
  • Skrill vs Monzo Payment Methods: Skrill accepts Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country), while Monzo allows transactions via bank transfer, phone contact.
  • Skrill vs Monzo Transfer Limits: Skrill allows transfers between US$1.00 (varies based on certain currencies) and US$2,500.00 / day (weekly and monthly limites also apply). Monzo's range is none to 10000 GBP.
  • Skrill vs Monzo Minimum Age for Account Creation: Skrill requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach Skrill at +44 20 3308 2520 and Monzo at 00 44 20 3872 0620.
  • Skrill vs Monzo Countries of Operation: Skrill operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • Skrill vs Monzo Client Base: Skrill is used by 120, where as Monzo serves 5.
  • Skrill vs Monzo Year Founded: Skrill was established in 2001 and Monzo began its operations in 2015.
  • Skrill vs Monzo Customer Rating: Skrill holds a rating of 4, in contrast, Monzo has a rating of 3.
  • Skrill vs Monzo Headquarters: Skrill has its headquarters at London, UK, while Monzo is based at London, UK.
  • Skrill vs Monzo Employee Count: Skrill employs 717 individuals, where as Monzo has a team of 1,551.
  • Skrill vs Monzo Estimated Annual Turnover: Skrill turnover stands at 110,000,000 USD, while Monzo boasts a turnover of 80000000.
  • Skrill vs Monzo Founder: Skrill was founded by Rupinder Singh, holding the position of Managing Director. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • Skrill vs Monzo Supported Languages: Skrill offers support in over 1 languages. Monzo communicates in 1.

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Skrill vs Monzo Alternatives Guides

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Screenshots

Skrill Screenshot

Skrill Screenshot

Monzo Screenshot

Skrill Screenshot