Is MoneyGram or Skrill cheaper?

Cost varies by corridor and amount. Compare both on the corridor page above for live rates, fees, and recipient amounts.

What's the main difference between MoneyGram and Skrill?

MoneyGram (Flat fee + rate markup): Global cash pickup network with 470,000+ agent locations — taken private by Madison Dearborn in 2023. Skrill (Flat fee per transfer): Digital wallet from Paysafe Group with international transfer functionality.

Which is faster, MoneyGram or Skrill?

Both providers offer same-day or faster options for popular corridors. Cash-pickup networks (MoneyGram, Western Union, Xoom) usually clear in minutes; bank transfers can take 1–3 business days.

Which is safer, MoneyGram or Skrill?

Both are licensed money services businesses. MoneyGram is regulated in USA, UK, EU. Skrill is regulated in UK, EU. As long as you transfer through their official site or app, both are safe to use.

Does MoneyGram or Skrill offer better exchange rates?

Rate competitiveness varies. MoneyGram markets flat fee + rate markup, while Skrill uses flat fee per transfer. The recipient amount is the only fair comparison — see the corridor page for live numbers.

MoneyGram vs Skrill

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

Rates verified 04:03 UTC · refreshed every 5 min

Live data temporarily unavailable for this comparison. See the corridor page for full live numbers.

Flat fee + rate markup

Global cash pickup network with 470,000+ agent locations — taken private by Madison Dearborn in 2023.

Fee: USD 1.99
Rate: 94.3056
Speed: Minutes
Recipient gets: INR 94,118

Founded 1940

Dallas, TX, USA

Pros

Cash pickup at 350,000+ locations in 200 countries
Mobile app makes online transfers competitive
First-transfer promotional fees and discounts

Cons

Exchange rate margin is wider than digital-first MTOs
Cash-to-cash fees are notably higher
Limits and KYC checks can delay first transfer

Try MoneyGram

Flat fee per transfer

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

Spec	MoneyGram	Skrill
Fee model	Flat fee + rate markup	Flat fee per transfer
Headquarters	Dallas, TX, USA	London, UK
Founded	1940	2001
Status	Private (acquired by Madison Dearborn Partners, 2023)	Subsidiary of Paysafe Group (NYSE: PSFE)
Live USD→INR fee	USD 1.99	—
Live USD→INR rate	94.3056	—
Recipient gets (USD 1,000)	INR 94,118	—
Typical speed	Minutes	—
Top corridors	USD→MXN, USD→PHP, USD→IND	GBP→INR, EUR→INR, USD→PHP

User reviews

MoneyGram

Read reviews on Trustpilot

Skrill

Read reviews on Trustpilot

We don't host our own reviews — we link to Trustpilot so the rating isn't influenced by us.

Frequently asked questions

Other comparisons

Wise vs Remitly →Wise vs Xoom →Wise vs MoneyGram →Wise vs Western Union →Remitly vs Xoom →Western Union vs MoneyGram →

Live quotes from Wise's public comparison API, updated every 5 minutes. Provider profiles are based on public information; for pricing, KYC requirements and current promotions always check the provider's official site. Methodology.