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Skrill review

Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Skrill suits crypto holders who want a prepaid card and a virtual card on one multi-currency balance, and who are comfortable with a custodial provider holding the balance. The catch is cost: a €5 monthly charge and a 3.99% conversion fee, where prepaid rivals such as Bitpanda charge €0.

Key facts

Best for
Crypto holders who want a prepaid card and virtual card on one multi-currency balance.
Monthly fee
€5↗
Currency conversion fee
3.99%↗
Card type
Prepaid↗
Card network
Mastercard↗
Custody
Custodial↗
Legal entity
Paysafe Payment Solutions Limited.↗
Headquarters
Ireland↗
Features
Crypto, Virtual card, Multi-currency
Official website
skrill.com

Facts checked September 26, 2026, 2 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataX

Pros and cons

Pros

  • Spending draws on a multi-currency balance, so holding and using several currencies sits in one place
  • The card runs on mastercard, the network most prepaid rivals in this category also use
  • A virtual card is offered alongside the physical one, which suits online-only spending
  • Custody is custodial and the issuer sits under Central Bank of Ireland permissions, so the balance is held by a regulated issuer rather than an offshore one

Cons

  • A €5 charge applies, while prepaid alternatives such as Bitpanda and Monzo Flex carry €0 and £0
  • The 3.99% currency conversion fee is well above the 1% median of the cards compared
  • It ranks 228 of 237 on currency conversion fee, so converting often is costly here
  • Because the account is custodial, the balance is held by the provider rather than on a self-custody wallet where you hold the keys
Skrill

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Scored 8.1 / 10 by HodlCue.

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Who it suits

  • Crypto holders who want to spend from a multi-currency balance without opening a bank current account
  • Anyone comfortable with a custodial provider holding the balance and with a prepaid card rather than a debit card

Who should look elsewhere

  • People who want a free card: Monzo Flex, Wise and Bitpanda each list £0, £0 and €0
  • Travellers who convert often, since the 3.99% conversion fee is heavy next to the 1% median
  • Anyone who wants to hold their own keys, as custody is custodial

Using it abroad

Paying in a currency other than your own goes through a 3.99% currency conversion fee, and across the 237 cards compared Skrill places 228 on that measure. The middle of the field sits at 1%, so the fee here is well above typical. The card runs on mastercard, which is the network most prepaid rivals in this category also use, so acceptance abroad is broad. The offsetting detail is the multi-currency balance. Instead of converting each time, you hold several currencies at once and spend from whichever one you have funded, which keeps the 3.99% charge to the occasions when you do convert. Readers who pay abroad rarely and hold their spending money in the local currency will meet the fee less often than those who convert weekly.

How your money is protected

Custody is custodial, so the provider holds the balance and the money is not in a self-custody wallet under your own control. That is the central trade-off: the card is easier to use day to day, and the safety of the balance rests on a regulated issuer rather than on a key you hold. The permissions behind that holding sit with the Central Bank of Ireland, listed as PSD_EMI IE_CBI!C184986 and MiCA CASP 213800QBQVHWRBHJTA89, so a payment services issuer in Ireland stands behind the account. What a licence covers is the issuer and the firm conduct, not any particular crypto you hold, so the balance is an asset of the issuer rather than a claim on a market. Readers who want their own keys and no third-party balance should look at a self-custody provider instead.

The company behind it

The legal entity behind the card is Paysafe Payment Solutions Limited., and its home country is IE, so the account is run by an Irish company rather than an offshore operator. That matters for readers who care which jurisdiction the balance sits under and which rules apply to it. The same entity appears in the Central Bank of Ireland registers under PSD_EMI IE_CBI!C184986 and MiCA CASP 213800QBQVHWRBHJTA89, so oversight comes from an established European regulator. A known entity under that regulator is easier to hold to account than an unnamed issuer, and readers comparing crypto cards in Europe can weigh that against providers registered elsewhere.

How Skrill compares

Where Skrill is available

Licence in Ireland
Central Bank of Ireland, checked September 26, 2026
Licence in Ireland
Central Bank of Ireland (CBI) (MiCA CASP 213800QBQVHWRBHJTA89), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Ireland
IE_CBI (PSD_EMI IE_CBI!C184986), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Frequently asked questions

How much does the Skrill card cost to hold each month?+

The card carries a €5 charge. Prepaid rivals are often free: Monzo Flex lists £0, Wise lists £0 and Bitpanda lists €0. The €0 median across the cards compared is €0, so a free card is the norm in this field and this one is not.

What does it cost to convert currency on the Skrill card?+

Converting costs 3.99%, which is well above the 1% median of the cards compared. Skrill places 228 of 237 on that measure. A multi-currency balance is the practical way round it, since you can hold the currency you want to spend in rather than converting at the till.

Does Skrill hold my crypto, or do I hold the keys?+

Custody is custodial, so the provider holds the balance and it sits with the issuer rather than in a wallet under your own control. That is the main thing to accept or avoid. Readers who want their own keys should look at a self-custody option instead.

Which company issues the Skrill card?+

The card is issued by Paysafe Payment Solutions Limited., and its home country is IE. The same entity appears in the Central Bank of Ireland registers under PSD_EMI IE_CBI!C184986 and MiCA CASP 213800QBQVHWRBHJTA89. A named Irish entity under that regulator is easier to hold to account than an offshore issuer.

Is the Skrill card a debit card or a prepaid card?+

The card type is prepaid, so you fund it first and spend what is loaded rather than drawing on a bank balance. It runs on mastercard, the network most prepaid rivals in this category also use. A virtual card is offered for online spending.

Can I get a free Skrill card instead?+

The card is listed at €5 a month rather than free, while the €0 median across the cards compared is €0. Bitpanda and Monzo Flex each list €0 and £0. Readers whose only requirement is a card for online spending may find the free option better value.

Who is the Skrill card a good fit for?+

It suits crypto holders who want one multi-currency balance funding both a physical and a virtual card, and who accept custodial holding. It is a weaker fit for frequent converters, because 3.99% applies to conversion and the 1% median shows the field is cheaper. Readers who want a free card should compare the alternatives first.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Skrill

Skrill

Crypto holders who want a prepaid card and virtual card on one multi-currency balance.

8.1/10Visit