Abound vs Skrill

Live fee, exchange rate and recipient amount comparison for USDINR. Pros, cons and licensing in one view.

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USA→India remittance combined with a cashback/rewards ecosystem. Backed by The Times of India Group.

Live data unavailable.

Founded 2023
USA (Times Internet spin-out)

Pros

  • Zero transfer fee on USD→INR
  • Rewards/cashback model can offset transfer costs over time
  • Backed by The Times of India Group — strong India brand recognition

Cons

  • USA → India only — no other corridors
  • Trustpilot rating is low (~2.0) with reports of slow transfers and customer support issues
  • Newer company, less established than incumbents
Try Abound

Digital wallet from Paysafe Group with international transfer functionality.

Live data unavailable.

Founded 2001
London, UK

Pros

  • Skrill-to-Skrill wallet transfers are free
  • Fast bank-to-bank transfers
  • Cryptocurrency and prepaid card features

Cons

  • Higher fees on card-funded transfers
  • Recipient often needs a Skrill account for cheapest option
  • Customer support reviews are mixed
Try Skrill

Side-by-side comparison

SpecAboundSkrill
Fee modelZero fee, FX margin + rewards-based revenueFlat fee per transfer
HeadquartersUSA (Times Internet spin-out)London, UK
Founded20232001
StatusPrivate (~$24M raised, Times Internet + Y Combinator)Subsidiary of Paysafe Group (NYSE: PSFE)
Live USD→INR fee
Live USD→INR rate
Recipient gets (USD 1,000)
Typical speed
Top corridorsUSD→INRGBP→INR, EUR→INR, USD→PHP

User reviews

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