Skrill's Commission-Free Money Transfer Service Launches in US

Discussion in 'Wall St. News' started by mlawson71, Jun 11, 2020.

  1. mlawson71

    mlawson71

    Skrill, which is one of the major player in the online payment services industry, has decided to introduce a free Money Transfer service in the United States.

    The company first launched a Money Transfer in Europe two years ago. The service quickly became quite popular as it facilitated money transfers from person to person in over 40 countries. As the pandemic picked up and its consequences begun to be felt widely the company began dropping its commissions. It has also dropped its foreign exchange charges in many places all over the world.

    It is now dropping these commissions in the United States both for old and new users. The service covers 18 different countries, among which are Mexico and India, together with major Asian and European jurisdictions.

    The company already made a statement that they are doing that to help users who have issues due to the pandemic. I think this is a pretty great gesture to people who are facing difficulties due to the pandemic and I hope other big companies in the undustry will follow suit.
     
    guru and zdreg like this.
  2. wmwmw

    wmwmw

    I just went to their site and tried to register an account. But was not allowed.
     
  3. SunTrader

    SunTrader

    Nothing altruistic about it. They are just catching up to others like Zelle.
     
  4. mlawson71

    mlawson71

    So other companies have done so too? That's great to hear!
     
  5. SunTrader

    SunTrader

    As far as I know Zelle was always fee free - so long as the banks for each person on either end of the transaction are part of their system.