Mollie vs Skrill: What are the differences?

Introducing Mollie and Skrill

Mollie and Skrill are both online payment platforms that facilitate electronic transactions for businesses and individual users. However, there are several key differences between the two services.

1. Integration Options: Mollie offers seamless integration with a wide range of e-commerce platforms, including WooCommerce, Shopify, Magento, and many more. On the other hand, Skrill provides limited integration options, mostly catering to internet payment gateways and merchant services.
2. Supported Payment Methods: Mollie supports a broad range of payment methods, including credit cards, PayPal, Apple Pay, iDEAL, and many other localized payment options. Skrill, while offering credit card and bank transfer options, mainly focuses on facilitating payments through its own digital wallet, hence lacking the extensive variety of payment options Mollie provides.
3. Transaction Fees: Mollie employs a transparent fee structure, with a per-transaction fee ranging from 0.25% to 3.0%, depending on the payment method used. Skrill, on the other hand, charges its customers a fixed percentage fee for each transaction, which can be relatively higher compared to Mollie's tiered pricing.
4. Customer Support: Mollie places great emphasis on providing excellent customer support, offering multilingual email and phone support during business hours. Skrill, although it does provide customer support, has been known to receive criticism for its response time and limited availability.
5. Withdrawal Options: Mollie enables users to withdraw their funds directly to their bank accounts in various countries, ensuring a smooth and hassle-free process. Skrill, while providing withdrawal options, charges higher fees for bank transfers and imposes limits on the amount that can be withdrawn.
6. Mobile App Availability: Mollie offers a mobile app for iOS and Android devices, allowing users to manage their transactions on the go. Skrill, while having a mobile app as well, has faced criticism regarding its user interface and overall user experience.

In summary, Mollie stands out with its extensive integration options, wide range of supported payment methods, transparent fee structure, and excellent customer support. Skrill, on the other hand, focuses more on its own digital wallet, providing limited integration options, a smaller variety of payment methods, and has received criticism for its customer support and withdrawal fees.