Paysafe has announced the expansion of its Skrill digital wallet to consumers in the US, allowing them to send money to 18 countries.
Existing and new US Skrill customers can now use the service to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries.
Paysafe hopes the expansion will ensure financial support for those struggling amid the Covid-19 pandemic.
Lorenzo Pellegrino, Skrill CEO, NETELLER, and Income Access at Paysafe, said: “There has never been a more important time for remittance services, and we’re proud to bring Skrill Money Transfer to US consumers, who send more money overseas to friends and family than anyone else in the world. New Americans and expats with connections overseas will now be able to send their loved ones much-needed help. Together we’re always stronger.”
It is free to create a Skrill account and Money Transfer senders are not charged to send money from the US.
Using the service
Skrill Money Transfer was first launched in Europe in October 2018 for transfers to over 40 countries globally.
To use the service, consumers pay with their personal bank account, or their debit or credit card, to fund transfers from their Skrill account. Money can be transferred directly to bank accounts overseas, and the recipients are also not charged a fee by Skrill to receive funds.
Amidst Covid-19, Americans are increasingly embracing alternative online payment methods. After credit and debit cards, digital wallets like Skrill are US consumers’ preferred online payment method, with 36% having used one in the last month, according to Paysafe’s April 2020 research.
Given strong demand, Skrill will expand its US digital wallet to enable US immigrants and expats to send funds to additional countries in Latin America, Asia, Europe and Africa.